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%13.4%
1 years$108,179$107,215$106,275$105,357$104,461$102,985
2 years$53,554$52,556$51,590$50,653$49,743$48,259
3 years$35,348$34,346$33,382$32,454$31,559$30,113
4 years$26,247$25,248$24,294$23,381$22,508$21,111
5 years$20,787$19,795$18,853$17,959$17,110$15,766
6 years$17,149$16,164$15,236$14,362$13,539$12,250
7 years$14,551$13,574$12,661$11,808$11,011$9,777
8 years$12,604$11,636$10,738$9,905$9,135$7,955
9 years$11,090$10,131$9,248$8,437$7,693$6,568
10 years$9,880$8,930$8,063$7,273$6,554$5,483
11 years$8,890$7,950$7,098$6,329$5,637$4,619
12 years$8,066$7,135$6,300$5,552$4,885$3,918
13 years$7,369$6,448$5,628$4,901$4,260$3,343
14 years$6,772$5,861$5,057$4,351$3,734$2,866
15 years$6,255$5,354$4,566$3,880$3,288$2,467
16 years$5,804$4,913$4,140$3,474$2,906$2,130
17 years$5,406$4,524$3,767$3,122$2,576$1,845
18 years$5,052$4,181$3,439$2,813$2,291$1,602
19 years$4,736$3,875$3,148$2,542$2,042$1,393
20 years$4,452$3,600$2,889$2,302$1,824$1,214
21 years$4,196$3,354$2,657$2,089$1,632$1,060
22 years$3,963$3,131$2,449$1,900$1,463$926
23 years$3,750$2,928$2,261$1,730$1,313$810
24 years$3,556$2,743$2,091$1,578$1,180$709
25 years$3,377$2,574$1,937$1,441$1,062$622
26 years$3,213$2,420$1,797$1,318$957$545
27 years$3,061$2,277$1,668$1,206$863$479
28 years$2,920$2,146$1,551$1,105$778$420
29 years$2,789$2,024$1,443$1,013$703$369
30 years$2,667$1,912$1,344$930$635$325
31 years$2,553$1,807$1,253$854$574$286
32 years$2,446$1,710$1,169$785$519$251
33 years$2,346$1,619$1,092$722$470$221
34 years$2,252$1,535$1,020$664$426$195
35 years$2,164$1,456$954$611$385$171
36 years$2,081$1,382$892$563$349$151
37 years$2,002$1,312$835$519$317$133
38 years$1,928$1,247$782$478$287$117
39 years$1,858$1,186$733$441$260$103
40 years$1,791$1,128$687$407$236$91
41 years$1,728$1,074$644$375$214$80
42 years$1,668$1,023$604$346$194$71
43 years$1,611$975$567$320$176$62
44 years$1,556$929$532$295$160$55
45 years$1,505$886$500$273$145$48
46 years$1,455$845$469$252$132$43
47 years$1,408$806$441$233$120$38
48 years$1,363$770$414$215$109$33
49 years$1,320$735$389$199$99$29
50 years$1,279$702$366$184$90$26

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 $4,832 every year, while hoping to spend $56,350 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: 38/34/28 Blend
47$1,310,000$1,310,000$1,310,000$1,310,000
48$1,448,604$1,379,174$1,358,869$1,491,420
49$1,536,406$1,386,798$1,344,435$1,530,938
50$1,631,275$1,392,906$1,327,629$1,568,103
51$1,733,872$1,397,366$1,308,312$1,607,194
52$1,844,925$1,400,035$1,286,339$1,648,422
53$1,965,232$1,400,762$1,261,556$1,692,024
54$2,095,673$1,399,386$1,233,805$1,738,264
55$2,237,213$1,395,737$1,202,919$1,787,440
56$2,390,916$1,389,635$1,168,724$1,839,880
57$2,557,949$1,380,888$1,131,036$1,895,953
58$2,739,600$1,369,291$1,089,666$1,956,070
59$2,937,282$1,354,629$1,044,413$2,020,688
60$3,152,553$1,336,674$995,068$2,090,318
61$3,387,124$1,315,182$941,414$2,165,528
62$3,642,882$1,289,897$883,223$2,246,949
63$3,921,901$1,260,547$820,255$2,335,285
64$4,226,463$1,226,842$752,263$2,431,316
65$4,559,085$1,188,480$678,985$2,535,912
66$4,922,531$1,145,135$600,151$2,650,037
67$5,319,849$1,096,466$515,476$2,774,764
68$5,754,393$1,042,113$424,664$2,911,282
69$6,229,856$981,691$327,405$3,060,913
70$6,750,304$914,797$223,376$3,225,121
71$7,320,216$841,003$112,240$3,405,532
72$7,944,522$759,856$0$3,603,948
73$8,628,653$670,879$0$3,824,266
74$9,378,590$573,566$0$4,102,710
75$10,200,920$467,384$0$4,408,277
76$11,102,897$351,770$0$4,743,803
77$12,092,513$226,127$0$5,112,423
78$13,178,569$89,826$0$5,517,596
79$14,370,760$0$0$5,963,145
80$15,679,766$0$0$6,474,913
81$17,117,351$0$0$7,074,045
82$18,696,474$0$0$7,732,358
83$20,431,412$0$0$8,455,825
84$22,337,893$0$0$9,251,032
85$24,433,242$0$0$10,125,231
86$26,736,550$0$0$11,086,411
87$29,268,844$0$0$12,143,376
88$32,053,296$0$0$13,305,826
89$35,115,431$0$0$14,584,446
90$38,483,374$0$0$15,991,010
91$42,188,111$0$0$17,538,491
92$46,263,784$0$0$19,241,182
93$50,748,008$0$0$21,114,830
94$55,682,232$0$0$23,176,788
95$61,112,120$0$0$25,446,176
96$67,087,992$0$0$27,944,060
97$73,665,289$0$0$30,693,654
98$80,905,101$0$0$33,720,533
99$88,874,742$0$0$37,052,883
100$97,648,382$0$0$40,721,756