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%13.5%
1 years$109,830$108,852$107,897$106,966$106,056$104,514
2 years$54,371$53,359$52,377$51,426$50,503$48,953
3 years$35,888$34,871$33,892$32,949$32,041$30,531
4 years$26,647$25,634$24,664$23,738$22,852$21,393
5 years$21,105$20,097$19,141$18,233$17,372$15,969
6 years$17,411$16,411$15,468$14,581$13,746$12,400
7 years$14,773$13,782$12,854$11,988$11,179$9,891
8 years$12,796$11,813$10,902$10,056$9,274$8,044
9 years$11,259$10,286$9,389$8,566$7,810$6,637
10 years$10,030$9,066$8,186$7,384$6,655$5,538
11 years$9,026$8,071$7,207$6,426$5,723$4,662
12 years$8,189$7,244$6,396$5,637$4,960$3,952
13 years$7,481$6,547$5,714$4,976$4,325$3,370
14 years$6,876$5,951$5,134$4,417$3,791$2,887
15 years$6,351$5,436$4,636$3,939$3,338$2,483
16 years$5,892$4,988$4,203$3,527$2,950$2,143
17 years$5,488$4,593$3,824$3,169$2,616$1,854
18 years$5,129$4,244$3,491$2,856$2,326$1,609
19 years$4,809$3,934$3,196$2,581$2,073$1,398
20 years$4,520$3,655$2,933$2,337$1,852$1,218
21 years$4,260$3,405$2,698$2,121$1,657$1,062
22 years$4,023$3,178$2,487$1,929$1,485$927
23 years$3,808$2,973$2,296$1,757$1,333$811
24 years$3,610$2,785$2,123$1,602$1,198$709
25 years$3,429$2,614$1,967$1,463$1,078$621
26 years$3,262$2,457$1,824$1,338$971$545
27 years$3,107$2,312$1,694$1,225$876$478
28 years$2,964$2,178$1,574$1,122$790$419
29 years$2,831$2,055$1,465$1,029$714$368
30 years$2,707$1,941$1,365$944$645$323
31 years$2,592$1,835$1,272$867$583$284
32 years$2,483$1,736$1,187$797$527$250
33 years$2,382$1,644$1,108$733$477$219
34 years$2,287$1,558$1,036$674$432$193
35 years$2,197$1,478$968$621$391$170
36 years$2,112$1,403$906$572$355$149
37 years$2,033$1,332$848$527$321$131
38 years$1,957$1,266$794$486$291$116
39 years$1,886$1,204$744$448$264$102
40 years$1,818$1,146$697$413$240$90
41 years$1,754$1,090$654$381$217$79
42 years$1,693$1,038$613$352$197$69
43 years$1,635$989$575$325$179$61
44 years$1,580$943$540$300$163$54
45 years$1,528$899$507$277$148$47
46 years$1,478$858$476$256$134$42
47 years$1,430$819$448$236$122$37
48 years$1,384$782$421$218$110$32
49 years$1,340$746$395$202$100$29
50 years$1,299$713$372$186$91$25

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 $6,940 every year, while hoping to spend $53,337 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: 72/21/7 Blend
47$1,330,000$1,330,000$1,330,000$1,330,000
48$1,472,819$1,402,329$1,381,714$1,576,856
49$1,566,296$1,414,293$1,371,251$1,658,404
50$1,667,520$1,425,055$1,358,650$1,740,333
51$1,777,226$1,434,501$1,343,783$1,828,542
52$1,896,219$1,442,508$1,326,516$1,923,634
53$2,025,388$1,448,945$1,306,709$2,026,275
54$2,165,708$1,453,674$1,284,214$2,137,200
55$2,318,253$1,456,547$1,258,878$2,257,215
56$2,484,205$1,457,408$1,230,540$2,387,212
57$2,664,862$1,456,089$1,199,032$2,528,175
58$2,861,656$1,452,416$1,164,178$2,681,185
59$3,076,159$1,446,199$1,125,792$2,847,437
60$3,310,105$1,437,239$1,083,683$3,028,249
61$3,565,398$1,425,326$1,037,649$3,225,070
62$3,844,137$1,410,236$987,479$3,439,503
63$4,148,633$1,391,731$932,953$3,673,311
64$4,481,427$1,369,560$873,841$3,928,440
65$4,845,320$1,343,456$809,902$4,207,036
66$5,243,394$1,313,136$740,885$4,511,465
67$5,679,043$1,278,302$666,527$4,844,333
68$6,156,003$1,238,638$586,554$5,208,519
69$6,678,391$1,193,807$500,679$5,607,191
70$7,250,739$1,143,455$408,604$6,043,848
71$7,878,038$1,087,208$310,015$6,522,344
72$8,565,784$1,024,667$204,587$7,046,929
73$9,320,032$955,414$91,979$7,622,292
74$10,147,451$879,005$0$8,253,599
75$11,055,385$794,970$0$8,948,654
76$12,051,924$702,813$0$9,719,101
77$13,145,980$602,011$0$10,565,020
78$14,347,370$492,009$0$11,494,077
79$15,666,907$372,223$0$12,514,723
80$17,116,504$242,035$0$13,636,275
81$18,709,285$100,792$0$14,869,001
82$20,459,707$0$0$16,224,220
83$22,383,697$0$0$17,726,472
84$24,498,803$0$0$19,403,622
85$26,824,357$0$0$21,247,716
86$29,381,657$0$0$23,275,652
87$32,194,170$0$0$25,506,050
88$35,287,751$0$0$27,959,420
89$38,690,885$0$0$30,658,365
90$42,434,957$0$0$33,627,785
91$46,554,550$0$0$36,895,118
92$51,087,764$0$0$40,490,593
93$56,076,583$0$0$44,447,520
94$61,567,264$0$0$48,802,601
95$67,610,777$0$0$53,596,275
96$74,263,284$0$0$58,873,102
97$81,586,666$0$0$64,682,181
98$89,649,113$0$0$71,077,612
99$98,525,758$0$0$78,119,009
100$108,299,392$0$0$85,872,061