Can I retire at age 48 with 1,260,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,260,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$104,050$103,123$102,219$101,336$100,474$99,591
2 years$51,510$50,550$49,621$48,719$47,845$46,955
3 years$33,999$33,035$32,108$31,215$30,355$29,485
4 years$25,245$24,284$23,366$22,489$21,649$20,807
5 years$19,994$19,039$18,133$17,273$16,457$15,645
6 years$16,495$15,547$14,654$13,814$13,022$12,241
7 years$13,996$13,056$12,178$11,357$10,591$9,841
8 years$12,123$11,192$10,328$9,527$8,786$8,068
9 years$10,667$9,744$8,895$8,115$7,399$6,712
10 years$9,502$8,589$7,755$6,995$6,304$5,648
11 years$8,551$7,646$6,827$6,088$5,422$4,796
12 years$7,758$6,863$6,059$5,340$4,699$4,102
13 years$7,088$6,202$5,414$4,714$4,097$3,529
14 years$6,514$5,638$4,864$4,185$3,592$3,052
15 years$6,017$5,150$4,392$3,732$3,162$2,650
16 years$5,582$4,725$3,982$3,342$2,795$2,309
17 years$5,199$4,352$3,623$3,003$2,478$2,018
18 years$4,859$4,021$3,307$2,706$2,203$1,768
19 years$4,555$3,727$3,028$2,445$1,964$1,553
20 years$4,282$3,463$2,779$2,214$1,754$1,366
21 years$4,036$3,226$2,556$2,010$1,570$1,204
22 years$3,811$3,011$2,356$1,827$1,407$1,063
23 years$3,607$2,816$2,175$1,664$1,263$939
24 years$3,420$2,639$2,012$1,518$1,135$831
25 years$3,248$2,476$1,863$1,386$1,022$736
26 years$3,090$2,327$1,728$1,267$920$652
27 years$2,944$2,190$1,605$1,160$830$578
28 years$2,808$2,064$1,492$1,063$749$513
29 years$2,682$1,947$1,388$975$676$456
30 years$2,565$1,839$1,293$895$611$405
31 years$2,455$1,738$1,205$822$552$360
32 years$2,353$1,645$1,125$755$500$320
33 years$2,256$1,558$1,050$694$452$285
34 years$2,166$1,476$981$639$409$253
35 years$2,081$1,400$917$588$371$225
36 years$2,001$1,329$858$542$336$201
37 years$1,926$1,262$803$499$304$179
38 years$1,854$1,200$752$460$276$159
39 years$1,787$1,141$705$424$250$142
40 years$1,723$1,085$660$391$227$126
41 years$1,662$1,033$619$361$206$113
42 years$1,604$984$581$333$187$100
43 years$1,549$937$545$307$170$89
44 years$1,497$894$512$284$154$80
45 years$1,447$852$480$262$140$71
46 years$1,400$813$451$242$127$63
47 years$1,355$776$424$224$115$56
48 years$1,311$740$398$207$105$50
49 years$1,270$707$374$191$95$45
50 years$1,230$675$352$177$86$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,260,000, adding $6,565 every year, while hoping to spend $41,599 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: 73/22/5 Blend
47$1,260,000$1,260,000$1,260,000$1,260,000
48$1,395,292$1,328,512$1,308,982$1,496,103
49$1,493,351$1,349,348$1,308,572$1,584,211
50$1,600,017$1,369,811$1,306,754$1,674,769
51$1,716,125$1,389,838$1,303,436$1,772,749
52$1,842,593$1,409,363$1,298,525$1,878,869
53$1,980,431$1,428,315$1,291,918$1,993,919
54$2,130,750$1,446,617$1,283,512$2,118,771
55$2,294,773$1,464,188$1,273,196$2,254,384
56$2,473,847$1,480,940$1,260,856$2,401,816
57$2,669,454$1,496,781$1,246,369$2,562,232
58$2,883,226$1,511,612$1,229,611$2,736,916
59$3,116,960$1,525,326$1,210,448$2,927,280
60$3,372,634$1,537,810$1,188,741$3,134,884
61$3,652,425$1,548,946$1,164,347$3,361,445
62$3,958,732$1,558,604$1,137,112$3,608,854
63$4,294,196$1,566,649$1,106,879$3,879,197
64$4,661,725$1,572,936$1,073,480$4,174,771
65$5,064,522$1,577,310$1,036,743$4,498,110
66$5,506,114$1,579,609$996,485$4,852,002
67$5,990,387$1,579,659$952,516$5,239,524
68$6,521,618$1,577,274$904,637$5,664,066
69$7,104,522$1,572,260$852,641$6,129,364
70$7,744,290$1,564,407$796,311$6,639,533
71$8,446,640$1,553,495$735,420$7,199,113
72$9,217,871$1,539,290$669,730$7,813,105
73$10,064,922$1,521,544$598,994$8,487,020
74$10,995,438$1,499,993$522,954$9,226,935
75$12,017,839$1,474,359$441,340$10,039,546
76$13,141,402$1,444,346$353,868$10,932,232
77$14,376,347$1,409,641$260,245$11,913,129
78$15,733,935$1,369,914$160,163$12,991,203
79$17,226,569$1,324,812$53,302$14,176,334
80$18,867,916$1,273,966$0$15,479,416
81$20,673,035$1,216,981$0$16,915,693
82$22,658,514$1,153,443$0$18,498,400
83$24,842,633$1,082,911$0$20,239,296
84$27,245,529$1,004,922$0$22,154,472
85$29,889,392$918,983$0$24,261,667
86$32,798,672$824,574$0$26,580,429
87$36,000,305$721,147$0$29,132,301
88$39,523,975$608,122$0$31,941,028
89$43,402,385$484,885$0$35,032,778
90$47,671,573$350,789$0$38,436,392
91$52,371,246$205,149$0$42,183,655
92$57,545,156$47,245$0$46,309,598
93$63,241,514$0$0$50,852,829
94$69,513,443$0$0$55,885,841
95$76,419,480$0$0$61,440,370
96$84,024,126$0$0$67,556,869
97$92,398,457$0$0$74,292,511
98$101,620,791$0$0$81,710,302
99$111,777,431$0$0$89,879,667
100$122,963,474$0$0$98,877,106