Can I retire at age 48 with 1,250,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $1,250,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$103,224$102,304$101,407$100,532$99,677$96,332
2 years$51,101$50,149$49,227$48,333$47,465$44,128
3 years$33,729$32,773$31,853$30,967$30,114$26,890
4 years$25,045$24,092$23,181$22,310$21,477$18,391
5 years$19,835$18,888$17,989$17,136$16,327$13,386
6 years$16,364$15,424$14,538$13,704$12,919$10,126
7 years$13,885$12,953$12,081$11,267$10,506$7,861
8 years$12,027$11,103$10,246$9,451$8,716$6,216
9 years$10,582$9,667$8,825$8,051$7,340$4,983
10 years$9,427$8,521$7,694$6,940$6,254$4,035
11 years$8,483$7,586$6,773$6,040$5,379$3,295
12 years$7,696$6,809$6,011$5,298$4,661$2,707
13 years$7,031$6,153$5,371$4,677$4,065$2,235
14 years$6,462$5,593$4,825$4,152$3,563$1,853
15 years$5,969$5,109$4,357$3,703$3,137$1,541
16 years$5,538$4,688$3,950$3,315$2,773$1,285
17 years$5,158$4,317$3,594$2,979$2,458$1,074
18 years$4,821$3,989$3,281$2,684$2,186$900
19 years$4,519$3,697$3,004$2,426$1,948$755
20 years$4,248$3,436$2,757$2,197$1,740$634
21 years$4,004$3,200$2,536$1,994$1,557$533
22 years$3,781$2,987$2,337$1,813$1,396$448
23 years$3,579$2,794$2,158$1,651$1,253$377
24 years$3,393$2,618$1,996$1,506$1,126$318
25 years$3,223$2,457$1,848$1,375$1,014$268
26 years$3,066$2,309$1,714$1,257$913$226
27 years$2,921$2,173$1,592$1,151$823$191
28 years$2,786$2,047$1,480$1,054$743$161
29 years$2,661$1,931$1,377$967$671$136
30 years$2,544$1,824$1,283$887$606$115
31 years$2,436$1,724$1,196$815$548$97
32 years$2,334$1,632$1,116$749$496$82
33 years$2,239$1,545$1,042$689$448$69
34 years$2,149$1,464$973$634$406$58
35 years$2,065$1,389$910$583$368$49
36 years$1,985$1,318$851$537$333$42
37 years$1,910$1,252$797$495$302$35
38 years$1,840$1,190$746$456$274$30
39 years$1,772$1,132$699$421$248$25
40 years$1,709$1,077$655$388$225$21
41 years$1,649$1,025$614$358$204$18
42 years$1,591$976$576$330$185$15
43 years$1,537$930$541$305$168$13
44 years$1,485$886$508$282$153$11
45 years$1,436$845$477$260$139$9
46 years$1,389$806$448$240$126$8
47 years$1,344$770$421$222$114$7
48 years$1,301$735$395$205$104$6
49 years$1,260$702$372$190$94$5
50 years$1,220$670$349$175$86$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,250,000, adding $2,469 every year, while hoping to spend $30,730 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 36/41/23 Blend
47$1,250,000$1,250,000$1,250,000$1,250,000
48$1,380,047$1,313,797$1,294,422$1,420,069
49$1,488,115$1,345,476$1,305,088$1,481,376
50$1,606,176$1,377,678$1,315,082$1,544,505
51$1,735,218$1,410,396$1,324,349$1,612,041
52$1,876,325$1,443,620$1,332,830$1,684,398
53$2,030,695$1,477,343$1,340,465$1,762,031
54$2,199,645$1,511,552$1,347,189$1,845,443
55$2,384,625$1,546,234$1,352,936$1,935,189
56$2,587,233$1,581,375$1,357,636$2,031,878
57$2,809,227$1,616,959$1,361,212$2,136,185
58$3,052,544$1,652,966$1,363,589$2,248,850
59$3,319,318$1,689,375$1,364,684$2,370,692
60$3,611,898$1,726,165$1,364,411$2,502,613
61$3,932,873$1,763,308$1,362,680$2,645,607
62$4,285,093$1,800,778$1,359,397$2,800,771
63$4,671,699$1,838,541$1,354,462$2,969,313
64$5,096,148$1,876,566$1,347,773$3,152,567
65$5,562,251$1,914,813$1,339,219$3,352,002
66$6,074,204$1,953,243$1,328,687$3,569,238
67$6,636,632$1,991,811$1,316,057$3,806,062
68$7,254,628$2,030,469$1,301,204$4,064,446
69$7,933,802$2,069,164$1,283,997$4,346,560
70$8,680,337$2,107,841$1,264,298$4,654,801
71$9,501,044$2,146,437$1,241,964$4,991,810
72$10,403,425$2,184,887$1,216,844$5,360,499
73$11,395,746$2,223,119$1,188,781$5,764,081
74$12,487,117$2,261,056$1,157,609$6,206,096
75$13,687,571$2,298,615$1,123,157$6,690,449
76$15,008,164$2,335,709$1,085,244$7,221,445
77$16,461,078$2,372,240$1,043,681$7,803,831
78$18,059,736$2,408,107$998,272$8,442,841
79$19,818,924$2,443,200$948,809$9,144,245
80$21,754,939$2,477,401$895,079$9,914,406
81$23,885,733$2,510,584$836,854$10,760,340
82$26,231,089$2,542,614$773,900$11,689,781
83$28,812,806$2,573,348$705,971$12,711,255
84$31,654,901$2,602,631$632,811$13,834,166
85$34,783,840$2,630,299$554,149$15,068,877
86$38,228,786$2,656,178$469,707$16,426,817
87$42,021,871$2,680,080$379,192$17,920,583
88$46,198,505$2,701,806$282,297$19,564,065
89$50,797,702$2,721,145$178,704$21,372,574
90$55,862,457$2,737,870$68,080$23,362,990
91$61,440,143$2,751,741$0$25,553,923
92$67,582,965$2,762,503$0$27,978,151
93$74,348,445$2,769,885$0$30,664,650
94$81,799,974$2,773,596$0$33,621,718
95$90,007,400$2,773,331$0$36,876,934
96$99,047,694$2,768,763$0$40,460,692
97$109,005,673$2,759,547$0$44,406,492
98$119,974,803$2,745,316$0$48,751,254
99$132,058,076$2,725,680$0$53,535,669
100$145,368,987$2,700,225$0$58,804,585