Can I retire at age 48 with 1,270,000?

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 $1,270,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$104,875$103,941$103,030$102,140$101,272$100,131
2 years$51,919$50,952$50,014$49,106$48,225$47,076
3 years$34,269$33,297$32,363$31,463$30,596$29,475
4 years$25,445$24,477$23,552$22,667$21,821$20,737
5 years$20,153$19,190$18,277$17,410$16,588$15,544
6 years$16,625$15,670$14,771$13,923$13,126$12,123
7 years$14,107$13,160$12,274$11,447$10,675$9,713
8 years$12,219$11,281$10,410$9,603$8,856$7,935
9 years$10,751$9,822$8,966$8,179$7,458$6,579
10 years$9,578$8,657$7,817$7,051$6,354$5,516
11 years$8,618$7,707$6,882$6,136$5,465$4,666
12 years$7,819$6,918$6,107$5,382$4,736$3,976
13 years$7,144$6,251$5,456$4,752$4,130$3,408
14 years$6,565$5,682$4,903$4,218$3,620$2,935
15 years$6,064$5,191$4,426$3,762$3,187$2,538
16 years$5,627$4,763$4,013$3,368$2,817$2,203
17 years$5,241$4,386$3,652$3,026$2,498$1,917
18 years$4,898$4,053$3,334$2,727$2,221$1,673
19 years$4,592$3,756$3,052$2,464$1,980$1,462
20 years$4,316$3,491$2,801$2,232$1,768$1,281
21 years$4,068$3,251$2,576$2,026$1,582$1,124
22 years$3,842$3,035$2,374$1,842$1,418$987
23 years$3,636$2,839$2,192$1,677$1,273$869
24 years$3,447$2,660$2,028$1,530$1,144$765
25 years$3,274$2,496$1,878$1,397$1,030$674
26 years$3,115$2,346$1,742$1,277$928$595
27 years$2,967$2,208$1,617$1,169$836$525
28 years$2,831$2,080$1,503$1,071$755$463
29 years$2,704$1,962$1,399$982$681$410
30 years$2,585$1,853$1,303$902$616$362
31 years$2,475$1,752$1,215$828$557$320
32 years$2,371$1,658$1,134$761$503$283
33 years$2,274$1,570$1,058$700$456$251
34 years$2,183$1,488$989$644$413$222
35 years$2,098$1,411$925$593$374$197
36 years$2,017$1,339$865$546$339$174
37 years$1,941$1,272$810$503$307$154
38 years$1,869$1,209$758$464$278$137
39 years$1,801$1,150$710$427$252$121
40 years$1,736$1,094$666$394$229$107
41 years$1,675$1,041$624$364$208$95
42 years$1,617$992$586$336$188$84
43 years$1,562$945$549$310$171$75
44 years$1,509$901$516$286$155$66
45 years$1,459$859$484$264$141$59
46 years$1,411$819$455$244$128$52
47 years$1,365$782$427$226$116$46
48 years$1,322$746$402$208$105$41
49 years$1,280$713$377$193$96$36
50 years$1,240$681$355$178$87$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,270,000, adding $6,009 every year, while hoping to spend $21,449 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: 35/47/18 Blend
47$1,270,000$1,270,000$1,270,000$1,270,000
48$1,405,738$1,338,428$1,318,743$1,447,003
49$1,526,302$1,381,190$1,340,100$1,520,439
50$1,658,444$1,425,328$1,361,453$1,597,187
51$1,803,324$1,470,887$1,382,779$1,679,544
52$1,962,216$1,517,913$1,404,055$1,768,022
53$2,136,526$1,566,455$1,425,255$1,863,181
54$2,327,802$1,616,562$1,446,352$1,965,637
55$2,537,749$1,668,284$1,467,316$2,076,069
56$2,768,244$1,721,675$1,488,116$2,195,220
57$3,021,357$1,776,789$1,508,719$2,323,909
58$3,299,366$1,833,682$1,529,092$2,463,036
59$3,604,781$1,892,413$1,549,196$2,613,593
60$3,940,369$1,953,041$1,568,994$2,776,667
61$4,309,175$2,015,628$1,588,444$2,953,457
62$4,714,556$2,080,240$1,607,503$3,145,281
63$5,160,211$2,146,941$1,626,124$3,353,589
64$5,650,213$2,215,802$1,644,259$3,579,979
65$6,189,050$2,286,891$1,661,857$3,826,205
66$6,781,667$2,360,284$1,678,864$4,094,203
67$7,433,514$2,436,054$1,695,223$4,386,099
68$8,150,593$2,514,281$1,710,873$4,704,238
69$8,939,518$2,595,045$1,725,752$5,051,197
70$9,807,576$2,678,430$1,739,792$5,429,817
71$10,762,798$2,764,522$1,752,924$5,843,224
72$11,814,030$2,853,410$1,765,074$6,294,861
73$12,971,020$2,945,187$1,776,163$6,788,519
74$14,244,511$3,039,947$1,786,111$7,328,372
75$15,646,336$3,137,790$1,794,831$7,919,019
76$17,189,538$3,238,817$1,802,233$8,565,523
77$18,888,485$3,343,133$1,808,222$9,273,459
78$20,759,012$3,450,848$1,812,699$10,048,972
79$22,818,565$3,562,074$1,815,558$10,898,826
80$25,086,370$3,676,927$1,816,691$11,830,473
81$27,583,611$3,795,528$1,815,981$12,852,122
82$30,333,631$3,918,000$1,813,308$13,972,816
83$33,362,152$4,044,473$1,808,546$15,202,515
84$36,697,520$4,175,080$1,801,560$16,552,193
85$40,370,966$4,309,958$1,792,211$18,033,939
86$44,416,908$4,449,250$1,780,354$19,661,070
87$48,873,271$4,593,102$1,765,834$21,448,259
88$53,781,848$4,741,667$1,748,493$23,411,669
89$59,188,690$4,895,102$1,728,160$25,569,109
90$65,144,543$5,053,569$1,704,661$27,940,201
91$71,705,331$5,217,238$1,677,811$30,546,561
92$78,932,673$5,386,282$1,647,417$33,412,008
93$86,894,477$5,560,880$1,613,276$36,562,783
94$95,665,571$5,741,221$1,575,178$40,027,803
95$105,328,414$5,927,496$1,532,902$43,838,923
96$115,973,873$6,119,904$1,486,215$48,031,249
97$127,702,081$6,318,652$1,434,876$52,643,456
98$140,623,380$6,523,953$1,378,631$57,718,164
99$154,859,367$6,736,028$1,317,217$63,302,331
100$170,544,034$6,955,105$1,250,355$69,447,700