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

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 $1,330,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$109,830$108,852$107,897$106,966$106,056$104,256
2 years$54,371$53,359$52,377$51,426$50,503$48,695
3 years$35,888$34,871$33,892$32,949$32,041$30,282
4 years$26,647$25,634$24,664$23,738$22,852$21,154
5 years$21,105$20,097$19,141$18,233$17,372$15,741
6 years$17,411$16,411$15,468$14,581$13,746$12,184
7 years$14,773$13,782$12,854$11,988$11,179$9,686
8 years$12,796$11,813$10,902$10,056$9,274$7,850
9 years$11,259$10,286$9,389$8,566$7,810$6,454
10 years$10,030$9,066$8,186$7,384$6,655$5,365
11 years$9,026$8,071$7,207$6,426$5,723$4,499
12 years$8,189$7,244$6,396$5,637$4,960$3,800
13 years$7,481$6,547$5,714$4,976$4,325$3,227
14 years$6,876$5,951$5,134$4,417$3,791$2,754
15 years$6,351$5,436$4,636$3,939$3,338$2,359
16 years$5,892$4,988$4,203$3,527$2,950$2,027
17 years$5,488$4,593$3,824$3,169$2,616$1,747
18 years$5,129$4,244$3,491$2,856$2,326$1,509
19 years$4,809$3,934$3,196$2,581$2,073$1,306
20 years$4,520$3,655$2,933$2,337$1,852$1,132
21 years$4,260$3,405$2,698$2,121$1,657$983
22 years$4,023$3,178$2,487$1,929$1,485$854
23 years$3,808$2,973$2,296$1,757$1,333$743
24 years$3,610$2,785$2,123$1,602$1,198$647
25 years$3,429$2,614$1,967$1,463$1,078$564
26 years$3,262$2,457$1,824$1,338$971$492
27 years$3,107$2,312$1,694$1,225$876$430
28 years$2,964$2,178$1,574$1,122$790$375
29 years$2,831$2,055$1,465$1,029$714$328
30 years$2,707$1,941$1,365$944$645$287
31 years$2,592$1,835$1,272$867$583$250
32 years$2,483$1,736$1,187$797$527$219
33 years$2,382$1,644$1,108$733$477$192
34 years$2,287$1,558$1,036$674$432$168
35 years$2,197$1,478$968$621$391$147
36 years$2,112$1,403$906$572$355$128
37 years$2,033$1,332$848$527$321$112
38 years$1,957$1,266$794$486$291$98
39 years$1,886$1,204$744$448$264$86
40 years$1,818$1,146$697$413$240$76
41 years$1,754$1,090$654$381$217$66
42 years$1,693$1,038$613$352$197$58
43 years$1,635$989$575$325$179$51
44 years$1,580$943$540$300$163$44
45 years$1,528$899$507$277$148$39
46 years$1,478$858$476$256$134$34
47 years$1,430$819$448$236$122$30
48 years$1,384$782$421$218$110$26
49 years$1,340$746$395$202$100$23
50 years$1,299$713$372$186$91$20

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 $3,757 every year, while hoping to spend $25,798 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: 60/17/23 Blend
47$1,330,000$1,330,000$1,330,000$1,330,000
48$1,469,535$1,399,045$1,378,430$1,548,509
49$1,591,979$1,440,150$1,397,159$1,643,670
50$1,726,047$1,482,404$1,415,650$1,744,314
51$1,872,899$1,525,836$1,433,869$1,853,557
52$2,033,809$1,570,477$1,451,778$1,972,239
53$2,210,183$1,616,356$1,469,339$2,101,287
54$2,403,569$1,663,504$1,486,508$2,241,719
55$2,615,670$1,711,953$1,503,244$2,394,656
56$2,848,364$1,761,734$1,519,498$2,561,335
57$3,103,719$1,812,880$1,535,222$2,743,117
58$3,384,011$1,865,425$1,550,366$2,941,502
59$3,691,751$1,919,401$1,564,873$3,158,142
60$4,029,701$1,974,843$1,578,688$3,394,856
61$4,400,905$2,031,785$1,591,749$3,653,649
62$4,808,718$2,090,263$1,603,993$3,936,731
63$5,256,834$2,150,313$1,615,353$4,246,534
64$5,749,323$2,211,970$1,625,759$4,585,740
65$6,290,669$2,275,271$1,635,137$4,957,302
66$6,885,812$2,340,254$1,643,409$5,364,475
67$7,540,194$2,406,957$1,650,493$5,810,845
68$8,259,813$2,475,416$1,656,304$6,300,363
69$9,051,274$2,545,672$1,660,750$6,837,383
70$9,921,857$2,617,762$1,663,738$7,426,702
71$10,879,580$2,691,727$1,665,167$8,073,607
72$11,933,281$2,767,605$1,664,933$8,783,921
73$13,092,694$2,845,436$1,662,927$9,564,065
74$14,368,548$2,925,261$1,659,034$10,421,110
75$15,772,661$3,007,121$1,653,133$11,362,849
76$17,318,057$3,091,054$1,645,098$12,397,873
77$19,019,086$3,177,103$1,634,796$13,535,644
78$20,891,559$3,265,308$1,622,088$14,786,591
79$22,952,900$3,355,709$1,606,829$16,162,208
80$25,222,304$3,448,348$1,588,867$17,675,158
81$27,720,927$3,543,264$1,568,042$19,339,398
82$30,472,076$3,640,499$1,544,186$21,170,307
83$33,501,436$3,740,092$1,517,125$23,184,834
84$36,837,310$3,842,083$1,486,675$25,401,655
85$40,510,882$3,946,512$1,452,645$27,841,353
86$44,556,518$4,053,417$1,414,835$30,526,608
87$49,012,085$4,162,836$1,373,034$33,482,415
88$53,919,309$4,274,808$1,327,023$36,736,320
89$59,324,173$4,389,367$1,276,572$40,318,677
90$65,277,343$4,506,551$1,221,441$44,262,936
91$71,834,653$4,626,392$1,161,380$48,605,962
92$79,057,627$4,748,925$1,096,127$53,388,378
93$87,014,064$4,874,182$1,025,406$58,654,954
94$95,778,673$5,002,191$948,931$64,455,024
95$105,433,781$5,132,982$866,404$70,842,958
96$116,070,109$5,266,580$777,511$77,878,671
97$127,787,628$5,403,011$681,925$85,628,190
98$140,696,503$5,542,295$579,307$94,164,279
99$154,918,131$5,684,452$469,298$103,567,126
100$170,586,288$5,829,498$351,527$113,925,098