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

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 $1,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$107,353$106,397$105,464$104,553$103,664$100,709
2 years$53,145$52,155$51,196$50,266$49,364$46,410
3 years$35,078$34,084$33,127$32,206$31,318$28,458
4 years$26,046$25,055$24,108$23,202$22,337$19,591
5 years$20,629$19,644$18,709$17,822$16,980$14,357
6 years$17,018$16,041$15,120$14,252$13,436$10,938
7 years$14,440$13,471$12,564$11,718$10,927$8,555
8 years$12,508$11,547$10,656$9,830$9,065$6,817
9 years$11,005$10,054$9,178$8,373$7,634$5,508
10 years$9,804$8,862$8,001$7,217$6,504$4,497
11 years$8,822$7,889$7,044$6,281$5,594$3,703
12 years$8,004$7,081$6,252$5,509$4,848$3,068
13 years$7,313$6,399$5,585$4,864$4,227$2,556
14 years$6,720$5,817$5,018$4,318$3,706$2,138
15 years$6,208$5,314$4,531$3,851$3,263$1,795
16 years$5,759$4,875$4,108$3,448$2,884$1,511
17 years$5,364$4,490$3,738$3,098$2,557$1,275
18 years$5,014$4,149$3,412$2,792$2,273$1,078
19 years$4,700$3,845$3,124$2,523$2,026$913
20 years$4,418$3,573$2,867$2,285$1,810$774
21 years$4,164$3,328$2,637$2,074$1,620$658
22 years$3,932$3,107$2,430$1,885$1,452$559
23 years$3,722$2,906$2,244$1,717$1,303$475
24 years$3,529$2,722$2,075$1,566$1,171$405
25 years$3,352$2,555$1,922$1,430$1,054$345
26 years$3,188$2,401$1,783$1,308$949$294
27 years$3,037$2,260$1,655$1,197$856$250
28 years$2,897$2,129$1,539$1,097$772$214
29 years$2,767$2,009$1,432$1,006$697$182
30 years$2,646$1,897$1,334$923$630$156
31 years$2,533$1,793$1,244$848$570$133
32 years$2,427$1,697$1,160$779$515$113
33 years$2,328$1,607$1,083$716$466$97
34 years$2,235$1,523$1,012$659$422$83
35 years$2,147$1,445$946$607$382$71
36 years$2,065$1,371$885$559$347$60
37 years$1,987$1,302$829$515$314$52
38 years$1,913$1,238$776$475$285$44
39 years$1,843$1,177$727$438$258$38
40 years$1,777$1,120$681$404$234$32
41 years$1,715$1,066$639$372$212$27
42 years$1,655$1,015$599$344$193$23
43 years$1,598$967$562$317$175$20
44 years$1,545$922$528$293$159$17
45 years$1,493$879$496$271$144$15
46 years$1,444$839$466$250$131$13
47 years$1,398$800$437$231$119$11
48 years$1,353$764$411$213$108$9
49 years$1,310$730$386$197$98$8
50 years$1,269$697$363$182$89$7

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 $6,847 every year, while hoping to spend $58,424 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: 68/22/10 Blend
47$1,300,000$1,300,000$1,300,000$1,300,000
48$1,439,663$1,370,763$1,350,613$1,534,166
49$1,524,346$1,375,767$1,333,696$1,602,811
50$1,615,708$1,379,059$1,314,254$1,670,188
51$1,714,370$1,380,492$1,292,140$1,742,335
52$1,821,011$1,379,913$1,267,203$1,819,711
53$1,936,381$1,377,155$1,239,281$1,902,822
54$2,061,302$1,372,046$1,208,207$1,992,227
55$2,196,679$1,364,400$1,173,806$2,088,544
56$2,343,505$1,354,020$1,135,893$2,192,453
57$2,502,875$1,340,699$1,094,278$2,304,706
58$2,675,990$1,324,216$1,048,759$2,426,133
59$2,864,175$1,304,337$999,126$2,557,650
60$3,068,885$1,280,813$945,160$2,700,268
61$3,291,721$1,253,382$886,633$2,855,103
62$3,534,445$1,221,767$823,304$3,023,386
63$3,798,996$1,185,671$754,922$3,206,478
64$4,087,509$1,144,784$681,228$3,405,878
65$4,402,332$1,098,776$601,946$3,623,243
66$4,746,051$1,047,297$516,792$3,860,400
67$5,121,512$989,978$425,468$4,119,365
68$5,531,847$926,428$327,663$4,402,366
69$5,980,507$856,235$223,051$4,711,858
70$6,471,290$778,961$111,294$5,050,551
71$7,008,376$694,145$0$5,421,436
72$7,596,371$601,299$0$5,828,665
73$8,240,346$499,907$0$6,287,755
74$8,945,884$389,425$0$6,790,878
75$9,719,135$269,278$0$7,342,510
76$10,566,872$138,858$0$7,947,585
77$11,496,554$0$0$8,611,544
78$12,516,398$0$0$9,340,989
79$13,635,452$0$0$10,178,357
80$14,863,685$0$0$11,097,501
81$16,212,076$0$0$12,106,648
82$17,692,720$0$0$13,214,859
83$19,318,941$0$0$14,432,119
84$21,105,416$0$0$15,769,423
85$23,068,314$0$0$17,238,886
86$25,225,446$0$0$18,853,856
87$27,596,437$0$0$20,629,036
88$30,202,907$0$0$22,580,625
89$33,068,672$0$0$24,726,470
90$36,219,975$0$0$27,086,233
91$39,685,728$0$0$29,681,579
92$43,497,784$0$0$32,536,376
93$47,691,238$0$0$35,676,921
94$52,304,761$0$0$39,132,189
95$57,380,957$0$0$42,934,106
96$62,966,771$0$0$47,117,847
97$69,113,925$0$0$51,722,170
98$75,879,412$0$0$56,789,781
99$83,326,028$0$0$62,367,734
100$91,522,967$0$0$68,507,879