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

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 $1,260,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$104,050$103,123$102,219$101,336$100,474$98,005
2 years$51,510$50,550$49,621$48,719$47,845$45,373
3 years$33,999$33,035$32,108$31,215$30,355$27,957
4 years$25,245$24,284$23,366$22,489$21,649$19,344
5 years$19,994$19,039$18,133$17,273$16,457$14,251
6 years$16,495$15,547$14,654$13,814$13,022$10,917
7 years$13,996$13,056$12,178$11,357$10,591$8,587
8 years$12,123$11,192$10,328$9,527$8,786$6,882
9 years$10,667$9,744$8,895$8,115$7,399$5,594
10 years$9,502$8,589$7,755$6,995$6,304$4,597
11 years$8,551$7,646$6,827$6,088$5,422$3,809
12 years$7,758$6,863$6,059$5,340$4,699$3,177
13 years$7,088$6,202$5,414$4,714$4,097$2,664
14 years$6,514$5,638$4,864$4,185$3,592$2,244
15 years$6,017$5,150$4,392$3,732$3,162$1,897
16 years$5,582$4,725$3,982$3,342$2,795$1,609
17 years$5,199$4,352$3,623$3,003$2,478$1,367
18 years$4,859$4,021$3,307$2,706$2,203$1,165
19 years$4,555$3,727$3,028$2,445$1,964$994
20 years$4,282$3,463$2,779$2,214$1,754$849
21 years$4,036$3,226$2,556$2,010$1,570$727
22 years$3,811$3,011$2,356$1,827$1,407$623
23 years$3,607$2,816$2,175$1,664$1,263$534
24 years$3,420$2,639$2,012$1,518$1,135$458
25 years$3,248$2,476$1,863$1,386$1,022$393
26 years$3,090$2,327$1,728$1,267$920$338
27 years$2,944$2,190$1,605$1,160$830$290
28 years$2,808$2,064$1,492$1,063$749$250
29 years$2,682$1,947$1,388$975$676$215
30 years$2,565$1,839$1,293$895$611$185
31 years$2,455$1,738$1,205$822$552$159
32 years$2,353$1,645$1,125$755$500$137
33 years$2,256$1,558$1,050$694$452$118
34 years$2,166$1,476$981$639$409$102
35 years$2,081$1,400$917$588$371$87
36 years$2,001$1,329$858$542$336$75
37 years$1,926$1,262$803$499$304$65
38 years$1,854$1,200$752$460$276$56
39 years$1,787$1,141$705$424$250$48
40 years$1,723$1,085$660$391$227$42
41 years$1,662$1,033$619$361$206$36
42 years$1,604$984$581$333$187$31
43 years$1,549$937$545$307$170$27
44 years$1,497$894$512$284$154$23
45 years$1,447$852$480$262$140$20
46 years$1,400$813$451$242$127$17
47 years$1,355$776$424$224$115$15
48 years$1,311$740$398$207$105$13
49 years$1,270$707$374$191$95$11
50 years$1,230$675$352$177$86$9

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 $6,480 every year, while hoping to spend $49,845 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: 57/37/6 Blend
47$1,260,000$1,260,000$1,260,000$1,260,000
48$1,395,204$1,328,424$1,308,894$1,472,626
49$1,484,480$1,340,482$1,299,707$1,537,489
50$1,581,192$1,351,461$1,288,542$1,601,937
51$1,686,045$1,361,254$1,275,280$1,670,913
52$1,799,816$1,369,749$1,259,796$1,744,853
53$1,923,357$1,376,827$1,241,960$1,824,239
54$2,057,609$1,382,361$1,221,634$1,909,604
55$2,203,604$1,386,215$1,198,678$2,001,534
56$2,362,477$1,388,246$1,172,939$2,100,679
57$2,535,481$1,388,300$1,144,263$2,207,754
58$2,723,989$1,386,217$1,112,486$2,323,552
59$2,929,517$1,381,822$1,077,435$2,448,946
60$3,153,731$1,374,935$1,038,932$2,584,901
61$3,398,464$1,365,360$996,789$2,732,483
62$3,665,737$1,352,891$950,811$2,892,867
63$3,957,771$1,337,312$900,793$3,067,352
64$4,277,014$1,318,391$846,519$3,257,374
65$4,626,160$1,295,882$787,768$3,464,515
66$5,008,174$1,269,526$724,304$3,690,524
67$5,426,323$1,239,049$655,884$3,937,330
68$5,884,205$1,204,158$582,252$4,207,064
69$6,385,778$1,164,547$503,142$4,502,078
70$6,935,406$1,119,888$418,276$4,824,968
71$7,537,891$1,069,836$327,362$5,178,600
72$8,198,525$1,014,027$230,097$5,566,136
73$8,923,134$952,074$126,165$5,991,068
74$9,718,136$883,568$15,235$6,457,249
75$10,590,602$808,079$0$6,968,929
76$11,548,317$725,148$0$7,537,405
77$12,599,859$634,294$0$8,162,720
78$13,754,678$535,008$0$8,849,637
79$15,023,181$426,750$0$9,604,483
80$16,416,836$308,951$0$10,434,241
81$17,948,275$181,011$0$11,346,613
82$19,631,413$42,294$0$12,350,092
83$21,481,582$0$0$13,454,051
84$23,515,673$0$0$14,712,742
85$25,752,295$0$0$16,115,814
86$28,211,950$0$0$17,658,925
87$30,917,227$0$0$19,356,260
88$33,893,014$0$0$21,223,452
89$37,166,731$0$0$23,277,722
90$40,768,591$0$0$25,538,047
91$44,731,882$0$0$28,025,333
92$49,093,284$0$0$30,762,618
93$53,893,209$0$0$33,775,286
94$59,176,187$0$0$37,091,304
95$64,991,284$0$0$40,741,491
96$71,392,564$0$0$44,759,803
97$78,439,597$0$0$49,183,658
98$86,198,025$0$0$54,054,284
99$94,740,176$0$0$59,417,112
100$104,145,750$0$0$65,322,200