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

Use the below retirement simulation to view the chances of a successful retirement.
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 $3,546 every year, while hoping to spend $34,845 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: 62/22/16 Blend
47$1,290,000$1,290,000$1,290,000$1,290,000
48$1,425,238$1,356,868$1,336,873$1,507,692
49$1,533,537$1,386,279$1,344,583$1,592,983
50$1,651,715$1,415,964$1,351,384$1,681,795
51$1,780,743$1,445,899$1,357,208$1,777,919
52$1,921,689$1,476,059$1,361,985$1,882,067
53$2,075,729$1,506,414$1,365,639$1,995,025
54$2,244,160$1,536,934$1,368,095$2,117,658
55$2,428,407$1,567,587$1,369,268$2,250,919
56$2,630,040$1,598,334$1,369,075$2,395,859
57$2,850,789$1,629,137$1,367,423$2,553,634
58$3,092,558$1,659,953$1,364,220$2,725,521
59$3,357,443$1,690,735$1,359,366$2,912,925
60$3,647,753$1,721,433$1,352,756$3,117,395
61$3,966,033$1,751,992$1,344,282$3,340,638
62$4,315,083$1,782,354$1,333,830$3,584,536
63$4,697,989$1,812,456$1,321,281$3,851,162
64$5,118,147$1,842,230$1,306,507$4,142,803
65$5,579,303$1,871,604$1,289,380$4,461,977
66$6,085,578$1,900,499$1,269,760$4,811,461
67$6,641,514$1,928,831$1,247,504$5,194,314
68$7,252,115$1,956,510$1,222,462$5,613,910
69$7,922,892$1,983,440$1,194,476$6,073,966
70$8,659,916$2,009,518$1,163,381$6,578,579
71$9,469,877$2,034,634$1,129,003$7,132,267
72$10,360,144$2,058,670$1,091,164$7,740,006
73$11,338,835$2,081,501$1,049,674$8,407,283
74$12,414,893$2,102,992$1,004,336$9,140,147
75$13,598,174$2,123,000$954,942$9,945,263
76$14,899,534$2,141,373$901,279$10,829,978
77$16,330,934$2,157,948$843,119$11,802,390
78$17,905,554$2,172,552$780,229$12,871,425
79$19,637,914$2,185,001$712,360$14,046,921
80$21,544,014$2,195,099$639,257$15,339,722
81$23,641,482$2,202,637$560,650$16,761,780
82$25,949,741$2,207,394$476,260$18,326,267
83$28,490,192$2,209,134$385,792$20,047,705
84$31,286,417$2,207,607$288,942$21,942,096
85$34,364,399$2,202,547$185,389$24,027,080
86$37,752,768$2,193,673$74,800$26,322,097
87$41,483,072$2,180,684$0$28,848,577
88$45,590,071$2,163,264$0$31,637,513
89$50,112,070$2,141,076$0$34,721,667
90$55,091,275$2,113,762$0$38,117,008
91$60,574,194$2,080,945$0$41,855,226
92$66,612,074$2,042,224$0$45,971,242
93$73,261,387$1,997,173$0$50,503,540
94$80,584,357$1,945,344$0$55,494,533
95$88,649,556$1,886,260$0$60,990,958
96$97,532,541$1,819,418$0$67,044,325
97$107,316,574$1,744,282$0$73,711,396
98$118,093,403$1,660,291$0$81,054,728
99$129,964,130$1,566,845$0$89,143,260
100$143,040,166$1,463,315$0$98,052,964