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%19.8%
1 years$104,050$103,123$102,219$101,336$100,474$96,526
2 years$51,510$50,550$49,621$48,719$47,845$43,915
3 years$33,999$33,035$32,108$31,215$30,355$26,568
4 years$25,245$24,284$23,366$22,489$21,649$18,034
5 years$19,994$19,039$18,133$17,273$16,457$13,022
6 years$16,495$15,547$14,654$13,814$13,022$9,770
7 years$13,996$13,056$12,178$11,357$10,591$7,520
8 years$12,123$11,192$10,328$9,527$8,786$5,894
9 years$10,667$9,744$8,895$8,115$7,399$4,681
10 years$9,502$8,589$7,755$6,995$6,304$3,755
11 years$8,551$7,646$6,827$6,088$5,422$3,036
12 years$7,758$6,863$6,059$5,340$4,699$2,469
13 years$7,088$6,202$5,414$4,714$4,097$2,018
14 years$6,514$5,638$4,864$4,185$3,592$1,656
15 years$6,017$5,150$4,392$3,732$3,162$1,363
16 years$5,582$4,725$3,982$3,342$2,795$1,124
17 years$5,199$4,352$3,623$3,003$2,478$929
18 years$4,859$4,021$3,307$2,706$2,203$770
19 years$4,555$3,727$3,028$2,445$1,964$638
20 years$4,282$3,463$2,779$2,214$1,754$530
21 years$4,036$3,226$2,556$2,010$1,570$440
22 years$3,811$3,011$2,356$1,827$1,407$366
23 years$3,607$2,816$2,175$1,664$1,263$305
24 years$3,420$2,639$2,012$1,518$1,135$254
25 years$3,248$2,476$1,863$1,386$1,022$211
26 years$3,090$2,327$1,728$1,267$920$176
27 years$2,944$2,190$1,605$1,160$830$147
28 years$2,808$2,064$1,492$1,063$749$122
29 years$2,682$1,947$1,388$975$676$102
30 years$2,565$1,839$1,293$895$611$85
31 years$2,455$1,738$1,205$822$552$71
32 years$2,353$1,645$1,125$755$500$59
33 years$2,256$1,558$1,050$694$452$49
34 years$2,166$1,476$981$639$409$41
35 years$2,081$1,400$917$588$371$34
36 years$2,001$1,329$858$542$336$29
37 years$1,926$1,262$803$499$304$24
38 years$1,854$1,200$752$460$276$20
39 years$1,787$1,141$705$424$250$17
40 years$1,723$1,085$660$391$227$14
41 years$1,662$1,033$619$361$206$12
42 years$1,604$984$581$333$187$10
43 years$1,549$937$545$307$170$8
44 years$1,497$894$512$284$154$7
45 years$1,447$852$480$262$140$6
46 years$1,400$813$451$242$127$5
47 years$1,355$776$424$224$115$4
48 years$1,311$740$398$207$105$3
49 years$1,270$707$374$191$95$3
50 years$1,230$675$352$177$86$2

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 $5,403 every year, while hoping to spend $32,885 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: 41/46/13 Blend
47$1,260,000$1,260,000$1,260,000$1,260,000
48$1,394,093$1,327,313$1,307,783$1,445,685
49$1,501,301$1,357,362$1,316,605$1,512,596
50$1,618,342$1,387,781$1,324,619$1,581,309
51$1,746,185$1,418,554$1,331,766$1,654,958
52$1,885,895$1,449,662$1,337,979$1,734,008
53$2,038,645$1,481,085$1,343,190$1,818,970
54$2,205,729$1,512,800$1,347,328$1,910,406
55$2,388,567$1,544,781$1,350,318$2,008,939
56$2,588,728$1,577,002$1,352,081$2,115,252
57$2,807,936$1,609,433$1,352,533$2,230,098
58$3,048,090$1,642,040$1,351,588$2,354,309
59$3,311,283$1,674,788$1,349,154$2,488,800
60$3,599,819$1,707,637$1,345,136$2,634,581
61$3,916,235$1,740,546$1,339,432$2,792,764
62$4,263,327$1,773,469$1,331,939$2,964,577
63$4,644,172$1,806,355$1,322,545$3,151,370
64$5,062,163$1,839,151$1,311,135$3,354,636
65$5,521,033$1,871,799$1,297,587$3,576,017
66$6,024,897$1,904,236$1,281,776$3,817,326
67$6,578,289$1,936,396$1,263,567$4,080,559
68$7,186,200$1,968,205$1,242,823$4,367,920
69$7,854,132$1,999,586$1,219,396$4,681,837
70$8,588,143$2,030,455$1,193,136$5,024,986
71$9,394,909$2,060,723$1,163,881$5,400,319
72$10,281,784$2,090,294$1,131,466$5,811,091
73$11,256,872$2,119,064$1,095,716$6,260,889
74$12,329,099$2,146,924$1,056,448$6,753,669
75$13,508,299$2,173,755$1,013,472$7,293,794
76$14,805,309$2,199,433$966,587$7,886,070
77$16,232,069$2,223,823$915,585$8,535,800
78$17,801,730$2,246,781$860,248$9,248,828
79$19,528,789$2,268,155$800,348$10,031,600
80$21,429,212$2,287,782$735,647$10,891,219
81$23,520,596$2,305,487$665,895$11,835,518
82$25,822,328$2,321,087$590,834$12,873,134
83$28,355,769$2,334,384$510,191$14,013,586
84$31,144,458$2,345,169$423,682$15,267,370
85$34,214,329$2,353,219$331,012$16,646,057
86$37,593,961$2,358,297$231,871$18,162,404
87$41,314,844$2,360,152$125,937$19,830,474
88$45,411,674$2,358,516$12,873$21,665,770
89$49,922,687$2,353,106$0$23,685,383
90$54,890,013$2,343,620$0$25,923,105
91$60,360,075$2,329,737$0$28,387,631
92$66,384,028$2,311,121$0$31,100,124
93$73,018,243$2,287,409$0$34,085,879
94$80,324,833$2,258,221$0$37,372,775
95$88,372,245$2,223,154$0$40,991,543
96$97,235,903$2,181,777$0$44,976,054
97$106,998,920$2,133,639$0$49,363,641
98$117,752,880$2,078,258$0$54,195,451
99$129,598,706$2,015,125$0$59,516,837
100$142,647,611$1,943,702$0$65,377,788