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%17.8%
1 years$103,224$102,304$101,407$100,532$99,677$96,525
2 years$51,101$50,149$49,227$48,333$47,465$44,318
3 years$33,729$32,773$31,853$30,967$30,114$27,070
4 years$25,045$24,092$23,181$22,310$21,477$18,561
5 years$19,835$18,888$17,989$17,136$16,327$13,545
6 years$16,364$15,424$14,538$13,704$12,919$10,275
7 years$13,885$12,953$12,081$11,267$10,506$7,999
8 years$12,027$11,103$10,246$9,451$8,716$6,344
9 years$10,582$9,667$8,825$8,051$7,340$5,101
10 years$9,427$8,521$7,694$6,940$6,254$4,144
11 years$8,483$7,586$6,773$6,040$5,379$3,394
12 years$7,696$6,809$6,011$5,298$4,661$2,798
13 years$7,031$6,153$5,371$4,677$4,065$2,318
14 years$6,462$5,593$4,825$4,152$3,563$1,929
15 years$5,969$5,109$4,357$3,703$3,137$1,610
16 years$5,538$4,688$3,950$3,315$2,773$1,347
17 years$5,158$4,317$3,594$2,979$2,458$1,130
18 years$4,821$3,989$3,281$2,684$2,186$950
19 years$4,519$3,697$3,004$2,426$1,948$800
20 years$4,248$3,436$2,757$2,197$1,740$674
21 years$4,004$3,200$2,536$1,994$1,557$569
22 years$3,781$2,987$2,337$1,813$1,396$481
23 years$3,579$2,794$2,158$1,651$1,253$406
24 years$3,393$2,618$1,996$1,506$1,126$344
25 years$3,223$2,457$1,848$1,375$1,014$291
26 years$3,066$2,309$1,714$1,257$913$246
27 years$2,921$2,173$1,592$1,151$823$209
28 years$2,786$2,047$1,480$1,054$743$177
29 years$2,661$1,931$1,377$967$671$150
30 years$2,544$1,824$1,283$887$606$127
31 years$2,436$1,724$1,196$815$548$108
32 years$2,334$1,632$1,116$749$496$91
33 years$2,239$1,545$1,042$689$448$77
34 years$2,149$1,464$973$634$406$66
35 years$2,065$1,389$910$583$368$56
36 years$1,985$1,318$851$537$333$47
37 years$1,910$1,252$797$495$302$40
38 years$1,840$1,190$746$456$274$34
39 years$1,772$1,132$699$421$248$29
40 years$1,709$1,077$655$388$225$25
41 years$1,649$1,025$614$358$204$21
42 years$1,591$976$576$330$185$18
43 years$1,537$930$541$305$168$15
44 years$1,485$886$508$282$153$13
45 years$1,436$845$477$260$139$11
46 years$1,389$806$448$240$126$9
47 years$1,344$770$421$222$114$8
48 years$1,301$735$395$205$104$7
49 years$1,260$702$372$190$94$6
50 years$1,220$670$349$175$86$5

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 $6,663 every year, while hoping to spend $33,441 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: 60/27/13 Blend
47$1,250,000$1,250,000$1,250,000$1,250,000
48$1,384,373$1,318,123$1,298,748$1,462,631
49$1,489,998$1,347,130$1,306,675$1,545,096
50$1,605,276$1,376,438$1,313,747$1,630,657
51$1,731,156$1,406,025$1,319,899$1,723,187
52$1,868,684$1,435,870$1,325,066$1,823,361
53$2,019,009$1,465,947$1,329,175$1,931,924
54$2,183,399$1,496,229$1,332,153$2,049,695
55$2,363,247$1,526,686$1,333,922$2,177,578
56$2,560,090$1,557,286$1,334,400$2,316,568
57$2,775,619$1,587,992$1,333,502$2,467,761
58$3,011,695$1,618,767$1,331,137$2,632,367
59$3,270,369$1,649,567$1,327,211$2,811,715
60$3,553,899$1,680,349$1,321,626$3,007,273
61$3,864,773$1,711,062$1,314,277$3,220,659
62$4,205,731$1,741,655$1,305,055$3,453,654
63$4,579,788$1,772,069$1,293,847$3,708,221
64$4,990,269$1,802,243$1,280,534$3,986,525
65$5,440,834$1,832,111$1,264,990$4,290,950
66$5,935,516$1,861,601$1,247,084$4,624,126
67$6,478,757$1,890,638$1,226,679$4,988,949
68$7,075,450$1,919,138$1,203,633$5,388,612
69$7,730,985$1,947,015$1,177,793$5,826,635
70$8,451,300$1,974,174$1,149,004$6,306,896
71$9,242,938$2,000,513$1,117,101$6,833,670
72$10,113,105$2,025,926$1,081,911$7,411,669
73$11,069,742$2,050,297$1,043,256$8,046,087
74$12,121,597$2,073,502$1,000,946$8,742,647
75$13,278,308$2,095,412$954,785$9,507,659
76$14,550,492$2,115,884$904,568$10,348,077
77$15,949,850$2,134,770$850,078$11,271,564
78$17,489,271$2,151,910$791,093$12,286,570
79$19,182,959$2,167,136$727,376$13,402,405
80$21,046,560$2,180,265$658,683$14,629,331
81$23,097,318$2,191,107$584,757$15,978,662
82$25,354,229$2,199,455$505,331$17,462,863
83$27,838,226$2,205,094$420,126$19,095,677
84$30,572,374$2,207,793$328,848$20,892,249
85$33,582,086$2,207,304$231,195$22,869,274
86$36,895,365$2,203,369$126,847$25,045,149
87$40,543,068$2,195,710$15,472$27,440,156
88$44,559,195$2,184,033$0$30,076,644
89$48,981,210$2,168,028$0$32,993,590
90$53,850,395$2,147,363$0$36,207,027
91$59,212,239$2,121,688$0$39,744,784
92$65,116,869$2,090,632$0$43,639,900
93$71,619,517$2,053,801$0$47,928,783
94$78,781,049$2,010,778$0$52,651,559
95$86,668,532$1,961,121$0$57,852,447
96$95,355,870$1,904,364$0$63,580,180
97$104,924,501$1,840,011$0$69,888,465
98$115,464,167$1,767,538$0$76,836,489
99$127,073,755$1,686,391$0$84,489,481
100$139,862,238$1,595,983$0$92,919,326