Can I retire at age 48 with 1,280,000?

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 $1,280,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$105,701$104,760$103,841$102,944$102,069$97,981
2 years$52,327$51,353$50,408$49,493$48,604$44,537
3 years$34,538$33,560$32,618$31,710$30,837$26,918
4 years$25,646$24,670$23,737$22,846$21,993$18,253
5 years$20,311$19,341$18,421$17,548$16,719$13,167
6 years$16,756$15,794$14,887$14,033$13,229$9,867
7 years$14,218$13,264$12,371$11,537$10,759$7,586
8 years$12,315$11,369$10,492$9,678$8,925$5,939
9 years$10,836$9,899$9,036$8,244$7,516$4,711
10 years$9,653$8,726$7,878$7,106$6,404$3,774
11 years$8,686$7,768$6,936$6,185$5,508$3,048
12 years$7,881$6,972$6,155$5,425$4,773$2,475
13 years$7,200$6,301$5,499$4,789$4,162$2,020
14 years$6,617$5,727$4,941$4,251$3,649$1,655
15 years$6,112$5,232$4,461$3,791$3,212$1,360
16 years$5,671$4,800$4,045$3,395$2,839$1,121
17 years$5,282$4,421$3,681$3,050$2,517$925
18 years$4,936$4,085$3,360$2,749$2,238$765
19 years$4,628$3,786$3,076$2,484$1,995$633
20 years$4,350$3,518$2,823$2,250$1,782$525
21 years$4,100$3,277$2,596$2,042$1,595$435
22 years$3,872$3,059$2,393$1,856$1,429$362
23 years$3,664$2,861$2,210$1,691$1,283$300
24 years$3,475$2,680$2,043$1,542$1,153$250
25 years$3,300$2,515$1,893$1,408$1,038$208
26 years$3,139$2,364$1,755$1,288$935$173
27 years$2,991$2,225$1,630$1,179$843$144
28 years$2,853$2,097$1,515$1,080$761$120
29 years$2,725$1,978$1,410$990$687$100
30 years$2,606$1,868$1,313$909$621$83
31 years$2,494$1,766$1,225$835$561$69
32 years$2,390$1,671$1,142$767$507$57
33 years$2,292$1,582$1,067$705$459$48
34 years$2,201$1,500$997$649$416$40
35 years$2,114$1,422$932$597$377$33
36 years$2,033$1,350$872$550$341$28
37 years$1,956$1,282$816$507$309$23
38 years$1,884$1,219$764$467$280$19
39 years$1,815$1,159$716$431$254$16
40 years$1,750$1,102$671$397$231$13
41 years$1,688$1,049$629$367$209$11
42 years$1,630$999$590$338$190$9
43 years$1,574$952$554$312$172$8
44 years$1,521$908$520$288$156$6
45 years$1,470$866$488$266$142$5
46 years$1,422$826$458$246$129$4
47 years$1,376$788$431$227$117$4
48 years$1,332$752$405$210$106$3
49 years$1,290$718$380$194$97$3
50 years$1,250$686$358$179$88$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,280,000, adding $5,663 every year, while hoping to spend $33,840 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: 47/34/19 Blend
47$1,280,000$1,280,000$1,280,000$1,280,000
48$1,416,401$1,348,561$1,328,721$1,475,089
49$1,524,869$1,378,635$1,337,228$1,546,635
50$1,643,266$1,409,049$1,344,886$1,620,389
51$1,772,569$1,439,783$1,351,630$1,699,729
52$1,913,855$1,470,816$1,357,393$1,785,192
53$2,068,307$1,502,125$1,362,104$1,877,369
54$2,237,229$1,533,684$1,365,690$1,976,912
55$2,422,057$1,565,465$1,368,071$2,084,538
56$2,624,372$1,597,437$1,369,166$2,201,040
57$2,845,913$1,629,566$1,368,888$2,327,290
58$3,088,597$1,661,817$1,367,147$2,464,250
59$3,354,537$1,694,148$1,363,849$2,612,980
60$3,646,055$1,726,517$1,358,894$2,774,651
61$3,965,713$1,758,877$1,352,177$2,950,550
62$4,316,331$1,791,177$1,343,590$3,142,100
63$4,701,014$1,823,362$1,333,018$3,350,866
64$5,123,184$1,855,373$1,320,341$3,578,577
65$5,586,610$1,887,147$1,305,433$3,827,137
66$6,095,442$1,918,615$1,288,162$4,098,645
67$6,654,253$1,949,704$1,268,392$4,395,418
68$7,268,081$1,980,333$1,245,977$4,720,008
69$7,942,475$2,010,419$1,220,767$5,075,228
70$8,683,548$2,039,870$1,192,603$5,464,183
71$9,498,035$2,068,589$1,161,321$5,890,293
72$10,393,356$2,096,471$1,126,746$6,357,330
73$11,377,685$2,123,405$1,088,699$6,869,453
74$12,460,028$2,149,271$1,046,990$7,431,246
75$13,650,307$2,173,942$1,001,421$8,047,765
76$14,959,455$2,197,282$951,785$8,724,583
77$16,399,515$2,219,144$897,865$9,467,843
78$17,983,759$2,239,376$839,437$10,284,321
79$19,726,808$2,257,810$776,264$11,181,483
80$21,644,772$2,274,273$708,098$12,167,563
81$23,755,401$2,288,575$634,682$13,251,638
82$26,078,256$2,300,519$555,747$14,443,714
83$28,634,885$2,309,891$471,012$15,754,823
84$31,449,034$2,316,467$380,182$17,197,124
85$34,546,869$2,320,007$282,952$18,784,025
86$37,957,219$2,320,257$179,000$20,530,304
87$41,711,852$2,316,946$67,993$22,452,253
88$45,845,772$2,309,787$0$24,567,832
89$50,397,549$2,298,475$0$26,907,070
90$55,409,687$2,282,688$0$29,496,934
91$60,929,017$2,262,082$0$32,347,759
92$67,007,147$2,236,295$0$35,486,145
93$73,700,942$2,204,939$0$38,941,407
94$81,073,065$2,167,608$0$42,745,853
95$89,192,565$2,123,868$0$46,935,092
96$98,135,531$2,073,262$0$51,548,370
97$107,985,807$2,015,304$0$56,628,940
98$118,835,786$1,949,480$0$62,224,471
99$130,787,278$1,875,246$0$68,387,500
100$143,952,474$1,792,028$0$75,175,931