Can I retire at age 48 with 1,290,000?

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 $1,290,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$106,527$105,578$104,652$103,749$102,866$99,454
2 years$52,736$51,754$50,802$49,879$48,984$45,579
3 years$34,808$33,822$32,872$31,958$31,077$27,787
4 years$25,846$24,863$23,923$23,024$22,165$19,014
5 years$20,470$19,493$18,565$17,685$16,849$13,847
6 years$16,887$15,917$15,003$14,143$13,332$10,480
7 years$14,329$13,367$12,468$11,627$10,843$8,141
8 years$12,411$11,458$10,574$9,754$8,995$6,441
9 years$10,921$9,976$9,107$8,308$7,575$5,166
10 years$9,729$8,794$7,940$7,162$6,454$4,187
11 years$8,754$7,829$6,990$6,233$5,551$3,420
12 years$7,943$7,026$6,203$5,467$4,810$2,812
13 years$7,256$6,350$5,542$4,827$4,195$2,323
14 years$6,669$5,772$4,980$4,284$3,677$1,928
15 years$6,160$5,273$4,496$3,821$3,238$1,604
16 years$5,715$4,838$4,076$3,421$2,861$1,339
17 years$5,323$4,455$3,709$3,074$2,537$1,120
18 years$4,975$4,117$3,386$2,770$2,256$939
19 years$4,664$3,815$3,100$2,503$2,011$788
20 years$4,384$3,545$2,845$2,267$1,796$662
21 years$4,132$3,302$2,617$2,058$1,607$557
22 years$3,902$3,083$2,412$1,871$1,441$469
23 years$3,693$2,883$2,227$1,704$1,293$395
24 years$3,502$2,701$2,059$1,554$1,162$333
25 years$3,326$2,535$1,907$1,419$1,046$281
26 years$3,164$2,383$1,769$1,298$942$237
27 years$3,014$2,242$1,643$1,188$849$200
28 years$2,875$2,113$1,527$1,088$766$169
29 years$2,746$1,993$1,421$998$692$143
30 years$2,626$1,882$1,324$916$625$121
31 years$2,514$1,780$1,234$841$565$102
32 years$2,409$1,684$1,151$773$511$86
33 years$2,310$1,595$1,075$711$463$73
34 years$2,218$1,511$1,004$654$419$62
35 years$2,131$1,433$939$602$380$52
36 years$2,049$1,361$879$555$344$44
37 years$1,971$1,292$822$511$312$37
38 years$1,898$1,228$770$471$283$32
39 years$1,829$1,168$721$434$256$27
40 years$1,764$1,111$676$400$232$23
41 years$1,701$1,058$634$370$211$19
42 years$1,642$1,007$595$341$191$16
43 years$1,586$960$558$315$174$14
44 years$1,533$915$524$291$158$12
45 years$1,482$872$492$268$143$10
46 years$1,433$832$462$248$130$8
47 years$1,387$794$434$229$118$7
48 years$1,342$758$408$212$107$6
49 years$1,300$724$383$196$97$5
50 years$1,259$692$360$181$88$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,290,000, adding $4,888 every year, while hoping to spend $35,916 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: 51/19/30 Blend
47$1,290,000$1,290,000$1,290,000$1,290,000
48$1,426,622$1,358,252$1,338,257$1,487,070
49$1,533,923$1,386,592$1,344,874$1,558,163
50$1,650,965$1,415,117$1,350,509$1,631,461
51$1,778,704$1,443,798$1,355,092$1,710,479
52$1,918,191$1,472,603$1,358,547$1,795,777
53$2,070,585$1,501,499$1,360,796$1,887,977
54$2,237,160$1,530,448$1,361,759$1,987,761
55$2,419,320$1,559,410$1,361,347$2,095,884
56$2,618,611$1,588,341$1,359,473$2,213,178
57$2,836,734$1,617,194$1,356,039$2,340,560
58$3,075,562$1,645,918$1,350,948$2,479,043
59$3,337,160$1,674,459$1,344,095$2,629,743
60$3,623,799$1,702,756$1,335,371$2,793,892
61$3,937,982$1,730,747$1,324,662$2,972,849
62$4,282,465$1,758,362$1,311,847$3,168,111
63$4,660,284$1,785,530$1,296,802$3,381,331
64$5,074,783$1,812,170$1,279,394$3,614,333
65$5,529,643$1,838,199$1,259,486$3,869,126
66$6,028,922$1,863,526$1,236,934$4,147,927
67$6,577,088$1,888,055$1,211,588$4,453,183
68$7,179,063$1,911,682$1,183,288$4,787,590
69$7,840,270$1,934,297$1,151,871$5,154,123
70$8,566,682$1,955,781$1,117,162$5,556,061
71$9,364,879$1,976,010$1,078,982$5,997,023
72$10,242,110$1,994,848$1,037,142$6,480,996
73$11,206,362$2,012,153$991,443$7,012,381
74$12,266,434$2,027,771$941,680$7,596,027
75$13,432,020$2,041,541$887,635$8,237,284
76$14,713,799$2,053,290$829,084$8,942,050
77$16,123,538$2,062,833$765,791$9,716,828
78$17,674,203$2,069,976$697,508$10,568,790
79$19,380,076$2,074,509$623,979$11,505,842
80$21,256,896$2,076,212$544,935$12,536,702
81$23,322,004$2,074,851$460,094$13,670,982
82$25,594,505$2,070,175$369,164$14,919,280
83$28,095,451$2,061,920$271,838$16,293,280
84$30,848,038$2,049,806$167,795$17,805,863
85$33,877,825$2,033,533$56,704$19,471,231
86$37,212,974$2,012,787$0$21,305,041
87$40,884,515$1,987,232$0$23,344,352
88$44,926,643$1,956,513$0$25,609,052
89$49,377,032$1,920,254$0$28,102,070
90$54,277,199$1,878,056$0$30,846,658
91$59,672,890$1,829,497$0$33,868,442
92$65,614,513$1,774,131$0$37,195,661
93$72,157,613$1,711,484$0$40,859,437
94$79,363,399$1,641,055$0$44,894,071
95$87,299,314$1,562,315$0$49,337,360
96$96,039,679$1,474,703$0$54,230,962
97$105,666,390$1,377,628$0$59,620,784
98$116,269,691$1,270,461$0$65,557,419
99$127,949,027$1,152,542$0$72,096,624
100$140,813,981$1,023,168$0$79,299,845