Can I retire at age 48 with 1,300,000?

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 $1,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$107,353$106,397$105,464$104,553$103,664$99,748
2 years$53,145$52,155$51,196$50,266$49,364$45,464
3 years$35,078$34,084$33,127$32,206$31,318$27,557
4 years$26,046$25,055$24,108$23,202$22,337$18,743
5 years$20,629$19,644$18,709$17,822$16,980$13,563
6 years$17,018$16,041$15,120$14,252$13,436$10,198
7 years$14,440$13,471$12,564$11,718$10,927$7,867
8 years$12,508$11,547$10,656$9,830$9,065$6,181
9 years$11,005$10,054$9,178$8,373$7,634$4,921
10 years$9,804$8,862$8,001$7,217$6,504$3,958
11 years$8,822$7,889$7,044$6,281$5,594$3,208
12 years$8,004$7,081$6,252$5,509$4,848$2,617
13 years$7,313$6,399$5,585$4,864$4,227$2,144
14 years$6,720$5,817$5,018$4,318$3,706$1,764
15 years$6,208$5,314$4,531$3,851$3,263$1,456
16 years$5,759$4,875$4,108$3,448$2,884$1,205
17 years$5,364$4,490$3,738$3,098$2,557$999
18 years$5,014$4,149$3,412$2,792$2,273$830
19 years$4,700$3,845$3,124$2,523$2,026$690
20 years$4,418$3,573$2,867$2,285$1,810$575
21 years$4,164$3,328$2,637$2,074$1,620$479
22 years$3,932$3,107$2,430$1,885$1,452$399
23 years$3,722$2,906$2,244$1,717$1,303$333
24 years$3,529$2,722$2,075$1,566$1,171$278
25 years$3,352$2,555$1,922$1,430$1,054$233
26 years$3,188$2,401$1,783$1,308$949$195
27 years$3,037$2,260$1,655$1,197$856$163
28 years$2,897$2,129$1,539$1,097$772$136
29 years$2,767$2,009$1,432$1,006$697$114
30 years$2,646$1,897$1,334$923$630$95
31 years$2,533$1,793$1,244$848$570$80
32 years$2,427$1,697$1,160$779$515$67
33 years$2,328$1,607$1,083$716$466$56
34 years$2,235$1,523$1,012$659$422$47
35 years$2,147$1,445$946$607$382$39
36 years$2,065$1,371$885$559$347$33
37 years$1,987$1,302$829$515$314$27
38 years$1,913$1,238$776$475$285$23
39 years$1,843$1,177$727$438$258$19
40 years$1,777$1,120$681$404$234$16
41 years$1,715$1,066$639$372$212$13
42 years$1,655$1,015$599$344$193$11
43 years$1,598$967$562$317$175$9
44 years$1,545$922$528$293$159$8
45 years$1,493$879$496$271$144$7
46 years$1,444$839$466$250$131$6
47 years$1,398$800$437$231$119$5
48 years$1,353$764$411$213$108$4
49 years$1,310$730$386$197$98$3
50 years$1,269$697$363$182$89$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,300,000, adding $2,413 every year, while hoping to spend $57,027 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: 89/6/5 Blend
47$1,300,000$1,300,000$1,300,000$1,300,000
48$1,435,089$1,366,189$1,346,039$1,562,814
49$1,520,792$1,372,456$1,330,455$1,652,484
50$1,613,325$1,377,119$1,312,438$1,742,783
51$1,713,325$1,380,038$1,291,845$1,840,169
52$1,821,491$1,381,068$1,268,529$1,945,311
53$1,938,593$1,380,050$1,242,335$2,058,944
54$2,065,476$1,376,818$1,213,099$2,181,880
55$2,203,068$1,371,196$1,180,652$2,315,010
56$2,352,393$1,362,996$1,144,815$2,459,317
57$2,514,574$1,352,020$1,105,403$2,615,880
58$2,690,848$1,338,057$1,062,222$2,785,889
59$2,882,575$1,320,882$1,015,067$2,970,655
60$3,091,252$1,300,260$963,727$3,171,619
61$3,318,526$1,275,939$907,977$3,390,369
62$3,566,209$1,247,653$847,588$3,628,655
63$3,836,295$1,215,120$782,315$3,888,403
64$4,130,979$1,178,044$711,904$4,171,732
65$4,452,678$1,136,106$636,092$4,480,981
66$4,804,050$1,088,975$554,600$4,818,722
67$5,188,024$1,036,296$467,140$5,187,790
68$5,607,824$977,695$373,410$5,591,308
69$6,066,997$912,778$273,095$6,032,715
70$6,569,452$841,125$165,865$6,515,801
71$7,119,492$762,296$51,377$7,044,741
72$7,721,854$675,823$0$7,624,134
73$8,381,757$581,211$0$8,262,826
74$9,104,947$477,941$0$8,965,791
75$9,897,751$365,460$0$9,736,460
76$10,767,141$243,187$0$10,581,632
77$11,720,793$110,507$0$11,508,797
78$12,767,163$0$0$12,526,208
79$13,915,564$0$0$13,645,150
80$15,176,256$0$0$14,881,518
81$16,560,540$0$0$16,239,100
82$18,080,864$0$0$17,730,104
83$19,750,942$0$0$19,367,981
84$21,585,882$0$0$21,167,548
85$23,602,327$0$0$23,145,128
86$25,818,611$0$0$25,318,703
87$28,254,935$0$0$27,708,086
88$30,933,554$0$0$30,335,102
89$33,878,984$0$0$33,223,798
90$37,118,241$0$0$36,400,669
91$40,681,085$0$0$39,894,904
92$44,600,307$0$0$43,738,664
93$48,912,038$0$0$47,967,383
94$53,656,083$0$0$52,620,105
95$58,876,305$0$0$57,739,845
96$64,621,029$0$0$63,374,003
97$70,943,504$0$0$69,574,802
98$77,902,402$0$0$76,399,787
99$85,562,371$0$0$83,912,364
100$93,994,646$0$0$92,182,398