Can I retire at age 48 with 1,320,000?

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 $1,320,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$109,004$108,033$107,086$106,161$105,259$101,605
2 years$53,963$52,958$51,984$51,039$50,123$46,480
3 years$35,618$34,608$33,637$32,701$31,800$28,282
4 years$26,447$25,441$24,479$23,559$22,680$19,314
5 years$20,946$19,946$18,997$18,096$17,241$14,035
6 years$17,280$16,287$15,352$14,471$13,642$10,599
7 years$14,662$13,678$12,758$11,898$11,095$8,215
8 years$12,700$11,725$10,820$9,981$9,204$6,484
9 years$11,175$10,208$9,319$8,501$7,751$5,188
10 years$9,955$8,998$8,124$7,328$6,604$4,194
11 years$8,958$8,011$7,153$6,378$5,680$3,417
12 years$8,127$7,190$6,348$5,594$4,922$2,802
13 years$7,425$6,498$5,671$4,939$4,292$2,309
14 years$6,824$5,906$5,096$4,384$3,763$1,910
15 years$6,303$5,395$4,601$3,910$3,313$1,585
16 years$5,848$4,950$4,171$3,501$2,928$1,319
17 years$5,447$4,559$3,796$3,146$2,596$1,100
18 years$5,091$4,213$3,465$2,835$2,308$919
19 years$4,772$3,904$3,172$2,561$2,057$769
20 years$4,486$3,628$2,911$2,320$1,838$645
21 years$4,228$3,379$2,678$2,105$1,645$541
22 years$3,993$3,154$2,468$1,914$1,474$454
23 years$3,779$2,950$2,279$1,743$1,323$381
24 years$3,583$2,764$2,107$1,590$1,189$320
25 years$3,403$2,594$1,952$1,452$1,070$269
26 years$3,237$2,438$1,810$1,328$964$227
27 years$3,084$2,294$1,681$1,215$869$191
28 years$2,942$2,162$1,563$1,114$784$161
29 years$2,810$2,040$1,454$1,021$708$135
30 years$2,687$1,926$1,355$937$640$114
31 years$2,572$1,821$1,263$861$579$96
32 years$2,465$1,723$1,178$791$523$81
33 years$2,364$1,632$1,100$727$474$68
34 years$2,269$1,546$1,028$669$429$57
35 years$2,180$1,467$961$616$388$48
36 years$2,096$1,392$899$567$352$41
37 years$2,017$1,322$841$523$319$34
38 years$1,943$1,257$788$482$289$29
39 years$1,872$1,195$738$444$262$24
40 years$1,805$1,137$692$410$238$21
41 years$1,741$1,082$649$378$216$17
42 years$1,681$1,031$609$349$196$15
43 years$1,623$982$571$322$178$12
44 years$1,568$936$536$297$161$10
45 years$1,516$893$503$275$146$9
46 years$1,466$852$473$254$133$7
47 years$1,419$813$444$234$121$6
48 years$1,374$776$417$217$110$5
49 years$1,330$741$392$200$100$4
50 years$1,289$708$369$185$90$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,320,000, adding $5,346 every year, while hoping to spend $57,534 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: 55/16/29 Blend
47$1,320,000$1,320,000$1,320,000$1,320,000
48$1,460,154$1,390,194$1,369,734$1,528,454
49$1,547,874$1,397,098$1,354,405$1,583,100
50$1,642,614$1,402,412$1,336,633$1,636,229
51$1,745,027$1,405,997$1,316,277$1,692,949
52$1,855,835$1,407,706$1,293,188$1,753,627
53$1,975,829$1,407,383$1,267,209$1,818,671
54$2,105,880$1,404,860$1,238,176$1,888,531
55$2,246,944$1,399,963$1,205,919$1,963,705
56$2,400,073$1,392,502$1,170,259$2,044,748
57$2,566,427$1,382,281$1,131,008$2,132,272
58$2,747,276$1,369,087$1,087,972$2,226,954
59$2,944,024$1,352,697$1,040,944$2,329,544
60$3,158,210$1,332,875$989,711$2,440,874
61$3,391,531$1,309,370$934,050$2,561,862
62$3,645,853$1,281,915$873,726$2,693,525
63$3,923,230$1,250,228$808,496$2,836,987
64$4,225,922$1,214,013$738,104$2,993,492
65$4,556,419$1,172,952$662,283$3,164,416
66$4,917,459$1,126,712$580,755$3,351,279
67$5,312,058$1,074,939$493,229$3,555,764
68$5,743,537$1,017,259$399,400$3,779,729
69$6,215,550$953,278$298,952$4,025,227
70$6,732,123$882,575$191,554$4,294,531
71$7,297,688$804,709$76,859$4,590,147
72$7,917,125$719,213$0$4,914,849
73$8,595,810$625,593$0$5,285,789
74$9,339,661$523,326$0$5,718,556
75$10,155,199$411,861$0$6,193,198
76$11,049,602$290,615$0$6,713,970
77$12,030,780$158,973$0$7,285,559
78$13,107,442$16,286$0$7,913,137
79$14,289,184$0$0$8,602,401
80$15,586,574$0$0$9,383,956
81$17,011,254$0$0$10,245,469
82$18,576,050$0$0$11,191,842
83$20,295,089$0$0$12,231,638
84$22,183,935$0$0$13,374,287
85$24,259,733$0$0$14,630,180
86$26,541,374$0$0$16,010,762
87$29,049,667$0$0$17,528,646
88$31,807,539$0$0$19,197,724
89$34,840,252$0$0$21,033,305
90$38,175,633$0$0$23,052,253
91$41,844,347$0$0$25,273,152
92$45,880,175$0$0$27,716,473
93$50,320,340$0$0$30,404,775
94$55,205,855$0$0$33,362,912
95$60,581,906$0$0$36,618,270
96$66,498,284$0$0$40,201,024
97$73,009,849$0$0$44,144,420
98$80,177,048$0$0$48,485,094
99$88,066,489$0$0$53,263,412
100$96,751,560$0$0$58,523,852