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

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 $1,310,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$108,179$107,215$106,275$105,357$104,461$102,731
2 years$53,554$52,556$51,590$50,653$49,743$48,005
3 years$35,348$34,346$33,382$32,454$31,559$29,867
4 years$26,247$25,248$24,294$23,381$22,508$20,875
5 years$20,787$19,795$18,853$17,959$17,110$15,541
6 years$17,149$16,164$15,236$14,362$13,539$12,036
7 years$14,551$13,574$12,661$11,808$11,011$9,574
8 years$12,604$11,636$10,738$9,905$9,135$7,763
9 years$11,090$10,131$9,248$8,437$7,693$6,387
10 years$9,880$8,930$8,063$7,273$6,554$5,313
11 years$8,890$7,950$7,098$6,329$5,637$4,458
12 years$8,066$7,135$6,300$5,552$4,885$3,767
13 years$7,369$6,448$5,628$4,901$4,260$3,201
14 years$6,772$5,861$5,057$4,351$3,734$2,734
15 years$6,255$5,354$4,566$3,880$3,288$2,343
16 years$5,804$4,913$4,140$3,474$2,906$2,015
17 years$5,406$4,524$3,767$3,122$2,576$1,738
18 years$5,052$4,181$3,439$2,813$2,291$1,502
19 years$4,736$3,875$3,148$2,542$2,042$1,301
20 years$4,452$3,600$2,889$2,302$1,824$1,129
21 years$4,196$3,354$2,657$2,089$1,632$981
22 years$3,963$3,131$2,449$1,900$1,463$853
23 years$3,750$2,928$2,261$1,730$1,313$743
24 years$3,556$2,743$2,091$1,578$1,180$647
25 years$3,377$2,574$1,937$1,441$1,062$565
26 years$3,213$2,420$1,797$1,318$957$493
27 years$3,061$2,277$1,668$1,206$863$431
28 years$2,920$2,146$1,551$1,105$778$376
29 years$2,789$2,024$1,443$1,013$703$329
30 years$2,667$1,912$1,344$930$635$288
31 years$2,553$1,807$1,253$854$574$252
32 years$2,446$1,710$1,169$785$519$221
33 years$2,346$1,619$1,092$722$470$193
34 years$2,252$1,535$1,020$664$426$169
35 years$2,164$1,456$954$611$385$148
36 years$2,081$1,382$892$563$349$130
37 years$2,002$1,312$835$519$317$114
38 years$1,928$1,247$782$478$287$100
39 years$1,858$1,186$733$441$260$87
40 years$1,791$1,128$687$407$236$77
41 years$1,728$1,074$644$375$214$67
42 years$1,668$1,023$604$346$194$59
43 years$1,611$975$567$320$176$52
44 years$1,556$929$532$295$160$45
45 years$1,505$886$500$273$145$40
46 years$1,455$845$469$252$132$35
47 years$1,408$806$441$233$120$30
48 years$1,363$770$414$215$109$27
49 years$1,320$735$389$199$99$23
50 years$1,279$702$366$184$90$21

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 $5,864 every year, while hoping to spend $53,531 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: 50/29/21 Blend
47$1,310,000$1,310,000$1,310,000$1,310,000
48$1,449,669$1,380,239$1,359,934$1,513,366
49$1,540,578$1,390,914$1,348,535$1,568,783
50$1,638,967$1,400,318$1,334,960$1,623,039
51$1,745,540$1,408,332$1,319,080$1,680,886
52$1,861,075$1,414,830$1,300,759$1,742,684
53$1,986,425$1,419,677$1,279,855$1,808,832
54$2,122,530$1,422,731$1,256,220$1,879,772
55$2,270,422$1,423,839$1,229,697$1,955,993
56$2,431,239$1,422,841$1,200,126$2,038,037
57$2,606,229$1,419,564$1,167,334$2,126,504
58$2,796,770$1,413,828$1,131,145$2,222,058
59$3,004,373$1,405,439$1,091,371$2,325,435
60$3,230,706$1,394,192$1,047,819$2,437,447
61$3,477,601$1,379,870$1,000,283$2,558,995
62$3,747,076$1,362,244$948,553$2,691,074
63$4,041,353$1,341,068$892,404$2,834,787
64$4,362,876$1,316,086$831,605$2,991,351
65$4,714,337$1,287,022$765,912$3,162,113
66$5,098,701$1,253,588$695,072$3,348,565
67$5,519,231$1,215,476$618,818$3,552,352
68$5,979,518$1,172,360$536,875$3,775,297
69$6,483,521$1,123,898$448,952$4,019,411
70$7,035,596$1,069,725$354,748$4,286,920
71$7,640,542$1,009,456$253,947$4,580,282
72$8,303,643$942,685$146,220$4,902,213
73$9,030,718$868,980$31,222$5,255,716
74$9,828,178$787,887$0$5,644,106
75$10,703,084$698,925$0$6,091,549
76$11,663,211$601,585$0$6,590,385
77$12,717,127$495,331$0$7,138,169
78$13,874,266$379,595$0$7,739,925
79$15,145,024$253,777$0$8,401,199
80$16,540,849$117,245$0$9,128,106
81$18,074,356$0$0$9,927,392
82$19,759,441$0$0$10,816,285
83$21,611,411$0$0$11,834,479
84$23,647,133$0$0$12,953,850
85$25,885,186$0$0$14,184,632
86$28,346,040$0$0$15,538,102
87$31,052,250$0$0$17,026,686
88$34,028,663$0$0$18,664,072
89$37,302,656$0$0$20,465,341
90$40,904,393$0$0$22,447,113
91$44,867,108$0$0$24,627,696
92$49,227,420$0$0$27,027,265
93$54,025,676$0$0$29,668,047
94$59,306,331$0$0$32,574,535
95$65,118,370$0$0$35,773,716
96$71,515,764$0$0$39,295,325
97$78,557,985$0$0$43,172,128
98$86,310,562$0$0$47,440,228
99$94,845,702$0$0$52,139,408
100$104,242,966$0$0$57,313,503