Can I retire at age 48 with 1,310,000?

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 $1,310,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$108,179$107,215$106,275$105,357$104,461$101,158
2 years$53,554$52,556$51,590$50,653$49,743$46,445
3 years$35,348$34,346$33,382$32,454$31,559$28,370
4 years$26,247$25,248$24,294$23,381$22,508$19,452
5 years$20,787$19,795$18,853$17,959$17,110$14,196
6 years$17,149$16,164$15,236$14,362$13,539$10,768
7 years$14,551$13,574$12,661$11,808$11,011$8,383
8 years$12,604$11,636$10,738$9,905$9,135$6,649
9 years$11,090$10,131$9,248$8,437$7,693$5,346
10 years$9,880$8,930$8,063$7,273$6,554$4,343
11 years$8,890$7,950$7,098$6,329$5,637$3,557
12 years$8,066$7,135$6,300$5,552$4,885$2,932
13 years$7,369$6,448$5,628$4,901$4,260$2,429
14 years$6,772$5,861$5,057$4,351$3,734$2,021
15 years$6,255$5,354$4,566$3,880$3,288$1,687
16 years$5,804$4,913$4,140$3,474$2,906$1,412
17 years$5,406$4,524$3,767$3,122$2,576$1,185
18 years$5,052$4,181$3,439$2,813$2,291$996
19 years$4,736$3,875$3,148$2,542$2,042$838
20 years$4,452$3,600$2,889$2,302$1,824$707
21 years$4,196$3,354$2,657$2,089$1,632$596
22 years$3,963$3,131$2,449$1,900$1,463$504
23 years$3,750$2,928$2,261$1,730$1,313$426
24 years$3,556$2,743$2,091$1,578$1,180$360
25 years$3,377$2,574$1,937$1,441$1,062$305
26 years$3,213$2,420$1,797$1,318$957$258
27 years$3,061$2,277$1,668$1,206$863$219
28 years$2,920$2,146$1,551$1,105$778$185
29 years$2,789$2,024$1,443$1,013$703$157
30 years$2,667$1,912$1,344$930$635$133
31 years$2,553$1,807$1,253$854$574$113
32 years$2,446$1,710$1,169$785$519$96
33 years$2,346$1,619$1,092$722$470$81
34 years$2,252$1,535$1,020$664$426$69
35 years$2,164$1,456$954$611$385$58
36 years$2,081$1,382$892$563$349$50
37 years$2,002$1,312$835$519$317$42
38 years$1,928$1,247$782$478$287$36
39 years$1,858$1,186$733$441$260$30
40 years$1,791$1,128$687$407$236$26
41 years$1,728$1,074$644$375$214$22
42 years$1,668$1,023$604$346$194$19
43 years$1,611$975$567$320$176$16
44 years$1,556$929$532$295$160$13
45 years$1,505$886$500$273$145$11
46 years$1,455$845$469$252$132$10
47 years$1,408$806$441$233$120$8
48 years$1,363$770$414$215$109$7
49 years$1,320$735$389$199$99$6
50 years$1,279$702$366$184$90$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,310,000, adding $6,075 every year, while hoping to spend $26,311 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: 60/31/9 Blend
47$1,310,000$1,310,000$1,310,000$1,310,000
48$1,449,886$1,380,456$1,360,151$1,533,592
49$1,569,780$1,420,104$1,377,722$1,630,114
50$1,701,021$1,460,813$1,394,999$1,731,806
51$1,844,739$1,502,606$1,411,945$1,842,071
52$2,002,178$1,545,510$1,428,521$1,961,738
53$2,174,708$1,589,547$1,444,684$2,091,716
54$2,363,838$1,634,745$1,460,391$2,233,006
55$2,571,229$1,681,127$1,475,593$2,386,712
56$2,798,712$1,728,720$1,490,243$2,554,047
57$3,048,302$1,777,549$1,504,288$2,736,349
58$3,322,221$1,827,640$1,517,674$2,935,088
59$3,622,913$1,879,021$1,530,342$3,151,885
60$3,953,074$1,931,716$1,542,232$3,388,525
61$4,315,671$1,985,753$1,553,280$3,646,972
62$4,713,973$2,041,159$1,563,418$3,929,391
63$5,151,582$2,097,960$1,572,577$4,238,166
64$5,632,466$2,156,182$1,580,680$4,575,922
65$6,160,996$2,215,854$1,587,652$4,945,550
66$6,741,987$2,277,001$1,593,408$5,350,237
67$7,380,746$2,339,650$1,597,863$5,793,490
68$8,083,117$2,403,827$1,600,927$6,279,175
69$8,855,540$2,469,560$1,602,503$6,811,550
70$9,705,111$2,536,874$1,602,492$7,395,305
71$10,639,646$2,605,795$1,600,790$8,035,608
72$11,667,760$2,676,348$1,597,286$8,738,152
73$12,798,941$2,748,559$1,591,865$9,509,210
74$14,043,647$2,822,452$1,584,406$10,355,693
75$15,413,397$2,898,051$1,574,782$11,285,213
76$16,920,888$2,975,380$1,562,861$12,306,160
77$18,580,105$3,054,460$1,548,503$13,427,776
78$20,406,460$3,135,313$1,531,563$14,660,246
79$22,416,936$3,217,961$1,511,888$16,014,792
80$24,630,245$3,302,422$1,489,317$17,503,775
81$27,067,005$3,388,716$1,463,684$19,140,822
82$29,749,935$3,476,858$1,434,814$20,940,942
83$32,704,071$3,566,866$1,402,522$22,920,677
84$35,956,997$3,658,753$1,366,617$25,098,254
85$39,539,110$3,752,532$1,326,898$27,493,756
86$43,483,905$3,848,212$1,283,155$30,129,314
87$47,828,292$3,945,803$1,235,169$33,029,315
88$52,612,940$4,045,310$1,182,710$36,220,631
89$57,882,667$4,146,737$1,125,538$39,732,874
90$63,686,857$4,250,085$1,063,401$43,598,675
91$70,079,929$4,355,352$996,038$47,853,990
92$77,121,850$4,462,533$923,174$52,538,443
93$84,878,701$4,571,619$844,522$57,695,696
94$93,423,299$4,682,599$759,784$63,373,866
95$102,835,886$4,795,456$668,647$69,625,974
96$113,204,884$4,910,171$570,785$76,510,449
97$124,627,732$5,026,719$465,855$84,091,677
98$137,211,802$5,145,070$353,503$92,440,611
99$151,075,417$5,265,190$233,357$101,635,439
100$166,348,963$5,387,038$105,028$111,762,325