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%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 $2,058 every year, while hoping to spend $25,600 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: 39/50/11 Blend
47$1,300,000$1,300,000$1,300,000$1,300,000
48$1,434,723$1,365,823$1,345,673$1,485,828
49$1,553,826$1,405,510$1,363,515$1,561,856
50$1,684,220$1,446,284$1,381,096$1,641,340
51$1,827,030$1,488,170$1,398,382$1,726,711
52$1,983,493$1,531,197$1,415,333$1,818,512
53$2,154,973$1,575,389$1,431,911$1,917,339
54$2,342,973$1,620,776$1,448,073$2,023,846
55$2,549,147$1,667,385$1,463,774$2,138,755
56$2,775,318$1,715,245$1,478,968$2,262,859
57$3,023,492$1,764,383$1,493,605$2,397,028
58$3,295,880$1,814,830$1,507,633$2,542,224
59$3,594,917$1,866,614$1,520,996$2,699,501
60$3,923,286$1,919,765$1,533,637$2,870,022
61$4,283,942$1,974,315$1,545,494$3,055,066
62$4,680,140$2,030,292$1,556,504$3,256,040
63$5,115,466$2,087,728$1,566,599$3,474,495
64$5,593,870$2,146,654$1,575,707$3,712,136
65$6,119,706$2,207,101$1,583,755$3,970,842
66$6,697,768$2,269,101$1,590,662$4,252,681
67$7,333,338$2,332,685$1,596,347$4,559,931
68$8,032,237$2,397,885$1,600,724$4,895,101
69$8,800,878$2,464,733$1,603,700$5,260,953
70$9,646,324$2,533,261$1,605,180$5,660,528
71$10,576,359$2,603,502$1,605,065$6,097,179
72$11,599,561$2,675,487$1,603,247$6,574,596
73$12,725,379$2,749,248$1,599,619$7,096,844
74$13,964,224$2,824,818$1,594,062$7,668,402
75$15,327,568$2,902,227$1,586,456$8,294,203
76$16,828,051$2,981,507$1,576,674$8,979,682
77$18,479,602$3,062,690$1,564,582$9,730,825
78$20,297,565$3,145,807$1,550,040$10,554,230
79$22,298,853$3,230,887$1,532,902$11,457,163
80$24,502,095$3,317,960$1,513,014$12,447,629
81$26,927,825$3,407,056$1,490,215$13,534,451
82$29,598,664$3,498,203$1,464,339$14,727,346
83$32,539,541$3,591,428$1,435,207$16,037,024
84$35,777,925$3,686,759$1,402,637$17,475,282
85$39,344,083$3,784,220$1,366,436$19,055,121
86$43,271,369$3,883,836$1,326,401$20,790,865
87$47,596,536$3,985,631$1,282,322$22,698,299
88$52,360,081$4,089,625$1,233,978$24,794,814
89$57,606,631$4,195,839$1,181,139$27,099,574
90$63,385,364$4,304,291$1,123,563$29,633,697
91$69,750,466$4,414,997$1,060,998$32,420,451
92$76,761,653$4,527,971$993,181$35,485,479
93$84,484,725$4,643,225$919,836$38,857,035
94$92,992,192$4,760,768$840,675$42,566,254
95$102,363,957$4,880,607$755,398$46,647,447
96$112,688,068$5,002,744$663,692$51,138,421
97$124,061,552$5,127,180$565,227$56,080,841
98$136,591,330$5,253,911$459,662$61,520,617
99$150,395,224$5,382,931$346,638$67,508,342
100$165,603,069$5,514,227$225,783$74,099,770