Can I retire at age 48 with 1,330,000?

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 $1,330,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$109,830$108,852$107,897$106,966$106,056$102,171
2 years$54,371$53,359$52,377$51,426$50,503$46,632
3 years$35,888$34,871$33,892$32,949$32,041$28,306
4 years$26,647$25,634$24,664$23,738$22,852$19,282
5 years$21,105$20,097$19,141$18,233$17,372$13,975
6 years$17,411$16,411$15,468$14,581$13,746$10,525
7 years$14,773$13,782$12,854$11,988$11,179$8,134
8 years$12,796$11,813$10,902$10,056$9,274$6,401
9 years$11,259$10,286$9,389$8,566$7,810$5,106
10 years$10,030$9,066$8,186$7,384$6,655$4,115
11 years$9,026$8,071$7,207$6,426$5,723$3,342
12 years$8,189$7,244$6,396$5,637$4,960$2,731
13 years$7,481$6,547$5,714$4,976$4,325$2,243
14 years$6,876$5,951$5,134$4,417$3,791$1,849
15 years$6,351$5,436$4,636$3,939$3,338$1,529
16 years$5,892$4,988$4,203$3,527$2,950$1,268
17 years$5,488$4,593$3,824$3,169$2,616$1,054
18 years$5,129$4,244$3,491$2,856$2,326$877
19 years$4,809$3,934$3,196$2,581$2,073$731
20 years$4,520$3,655$2,933$2,337$1,852$610
21 years$4,260$3,405$2,698$2,121$1,657$510
22 years$4,023$3,178$2,487$1,929$1,485$426
23 years$3,808$2,973$2,296$1,757$1,333$357
24 years$3,610$2,785$2,123$1,602$1,198$299
25 years$3,429$2,614$1,967$1,463$1,078$250
26 years$3,262$2,457$1,824$1,338$971$210
27 years$3,107$2,312$1,694$1,225$876$176
28 years$2,964$2,178$1,574$1,122$790$147
29 years$2,831$2,055$1,465$1,029$714$123
30 years$2,707$1,941$1,365$944$645$104
31 years$2,592$1,835$1,272$867$583$87
32 years$2,483$1,736$1,187$797$527$73
33 years$2,382$1,644$1,108$733$477$61
34 years$2,287$1,558$1,036$674$432$51
35 years$2,197$1,478$968$621$391$43
36 years$2,112$1,403$906$572$355$36
37 years$2,033$1,332$848$527$321$30
38 years$1,957$1,266$794$486$291$25
39 years$1,886$1,204$744$448$264$21
40 years$1,818$1,146$697$413$240$18
41 years$1,754$1,090$654$381$217$15
42 years$1,693$1,038$613$352$197$13
43 years$1,635$989$575$325$179$11
44 years$1,580$943$540$300$163$9
45 years$1,528$899$507$277$148$7
46 years$1,478$858$476$256$134$6
47 years$1,430$819$448$236$122$5
48 years$1,384$782$421$218$110$4
49 years$1,340$746$395$202$100$4
50 years$1,299$713$372$186$91$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,330,000, adding $6,018 every year, while hoping to spend $41,777 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: 55/29/16 Blend
47$1,330,000$1,330,000$1,330,000$1,330,000
48$1,471,868$1,401,378$1,380,763$1,546,265
49$1,577,548$1,425,595$1,382,568$1,621,817
50$1,692,607$1,449,598$1,383,033$1,699,039
51$1,817,958$1,473,334$1,382,070$1,782,185
52$1,954,605$1,496,742$1,379,585$1,871,830
53$2,103,653$1,519,761$1,375,479$1,968,608
54$2,266,319$1,542,323$1,369,651$2,073,220
55$2,443,942$1,564,355$1,361,993$2,186,437
56$2,637,996$1,585,781$1,352,392$2,309,111
57$2,850,104$1,606,516$1,340,729$2,442,180
58$3,082,053$1,626,473$1,326,881$2,586,681
59$3,335,809$1,645,557$1,310,718$2,743,755
60$3,613,538$1,663,667$1,292,105$2,914,663
61$3,917,627$1,680,694$1,270,898$3,100,794
62$4,250,702$1,696,525$1,246,950$3,303,679
63$4,615,654$1,711,035$1,220,103$3,525,011
64$5,015,670$1,724,095$1,190,196$3,766,652
65$5,454,258$1,735,566$1,157,058$4,030,658
66$5,935,283$1,745,298$1,120,509$4,319,298
67$6,462,999$1,753,136$1,080,364$4,635,073
68$7,042,096$1,758,910$1,036,427$4,980,739
69$7,677,737$1,762,444$988,494$5,359,341
70$8,375,609$1,763,546$936,351$5,774,231
71$9,141,978$1,762,018$879,777$6,229,111
72$9,983,747$1,757,644$818,536$6,728,060
73$10,908,520$1,750,198$752,387$7,275,577
74$11,924,671$1,739,440$681,075$7,876,624
75$13,041,430$1,725,115$604,333$8,536,674
76$14,268,961$1,706,952$521,884$9,261,759
77$15,618,467$1,684,663$433,438$10,058,533
78$17,102,285$1,657,946$338,693$10,934,333
79$18,734,010$1,626,478$237,331$11,897,248
80$20,528,621$1,589,918$129,024$12,956,199
81$22,502,621$1,547,904$13,427$14,121,021
82$24,674,191$1,500,054$0$15,402,559
83$27,063,365$1,445,963$0$16,831,538
84$29,692,215$1,385,202$0$18,406,039
85$32,585,062$1,317,318$0$20,138,371
86$35,768,703$1,241,831$0$22,044,629
87$39,272,664$1,158,235$0$24,142,553
88$43,129,480$1,065,992$0$26,451,699
89$47,374,997$964,536$0$28,993,622
90$52,048,715$853,267$0$31,792,080
91$57,194,160$731,552$0$34,873,259
92$62,859,288$598,722$0$38,266,023
93$69,096,946$454,071$0$42,002,187
94$75,965,365$296,851$0$46,116,816
95$83,528,709$126,273$0$50,648,561
96$91,857,683$0$0$55,640,021
97$101,030,198$0$0$61,156,816
98$111,132,104$0$0$67,277,138
99$122,258,004$0$0$74,018,025
100$134,512,145$0$0$81,442,660