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%15.8%
1 years$109,830$108,852$107,897$106,966$106,056$103,534
2 years$54,371$53,359$52,377$51,426$50,503$47,977
3 years$35,888$34,871$33,892$32,949$32,041$29,590
4 years$26,647$25,634$24,664$23,738$22,852$20,495
5 years$21,105$20,097$19,141$18,233$17,372$15,115
6 years$17,411$16,411$15,468$14,581$13,746$11,591
7 years$14,773$13,782$12,854$11,988$11,179$9,127
8 years$12,796$11,813$10,902$10,056$9,274$7,324
9 years$11,259$10,286$9,389$8,566$7,810$5,961
10 years$10,030$9,066$8,186$7,384$6,655$4,904
11 years$9,026$8,071$7,207$6,426$5,723$4,068
12 years$8,189$7,244$6,396$5,637$4,960$3,398
13 years$7,481$6,547$5,714$4,976$4,325$2,853
14 years$6,876$5,951$5,134$4,417$3,791$2,407
15 years$6,351$5,436$4,636$3,939$3,338$2,037
16 years$5,892$4,988$4,203$3,527$2,950$1,730
17 years$5,488$4,593$3,824$3,169$2,616$1,473
18 years$5,129$4,244$3,491$2,856$2,326$1,256
19 years$4,809$3,934$3,196$2,581$2,073$1,074
20 years$4,520$3,655$2,933$2,337$1,852$919
21 years$4,260$3,405$2,698$2,121$1,657$788
22 years$4,023$3,178$2,487$1,929$1,485$676
23 years$3,808$2,973$2,296$1,757$1,333$580
24 years$3,610$2,785$2,123$1,602$1,198$499
25 years$3,429$2,614$1,967$1,463$1,078$429
26 years$3,262$2,457$1,824$1,338$971$369
27 years$3,107$2,312$1,694$1,225$876$318
28 years$2,964$2,178$1,574$1,122$790$274
29 years$2,831$2,055$1,465$1,029$714$236
30 years$2,707$1,941$1,365$944$645$203
31 years$2,592$1,835$1,272$867$583$175
32 years$2,483$1,736$1,187$797$527$151
33 years$2,382$1,644$1,108$733$477$130
34 years$2,287$1,558$1,036$674$432$112
35 years$2,197$1,478$968$621$391$97
36 years$2,112$1,403$906$572$355$84
37 years$2,033$1,332$848$527$321$72
38 years$1,957$1,266$794$486$291$62
39 years$1,886$1,204$744$448$264$54
40 years$1,818$1,146$697$413$240$46
41 years$1,754$1,090$654$381$217$40
42 years$1,693$1,038$613$352$197$35
43 years$1,635$989$575$325$179$30
44 years$1,580$943$540$300$163$26
45 years$1,528$899$507$277$148$22
46 years$1,478$858$476$256$134$19
47 years$1,430$819$448$236$122$17
48 years$1,384$782$421$218$110$14
49 years$1,340$746$395$202$100$12
50 years$1,299$713$372$186$91$11

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 $4,522 every year, while hoping to spend $53,748 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$1,470,324$1,399,834$1,379,219$1,544,722
49$1,563,110$1,411,239$1,368,236$1,607,293
50$1,663,558$1,421,401$1,355,083$1,669,227
51$1,772,394$1,430,202$1,339,631$1,735,456
52$1,890,415$1,437,519$1,321,745$1,806,401
53$2,018,497$1,443,216$1,301,283$1,882,531
54$2,157,603$1,447,154$1,278,096$1,964,361
55$2,308,795$1,449,181$1,252,028$2,052,464
56$2,473,239$1,449,137$1,222,918$2,147,470
57$2,652,217$1,446,853$1,190,594$2,250,079
58$2,847,143$1,442,148$1,154,878$2,361,061
59$3,059,570$1,434,832$1,115,585$2,481,270
60$3,291,208$1,424,701$1,072,519$2,611,648
61$3,543,939$1,411,539$1,025,476$2,753,237
62$3,819,835$1,395,119$974,244$2,907,188
63$4,121,177$1,375,198$918,600$3,074,774
64$4,450,474$1,351,520$858,310$3,257,399
65$4,810,492$1,323,814$793,133$3,456,617
66$5,204,272$1,291,791$722,813$3,674,141
67$5,635,166$1,255,147$647,086$3,911,867
68$6,106,863$1,213,559$565,673$4,171,887
69$6,623,426$1,166,686$478,286$4,456,512
70$7,189,329$1,114,167$384,622$4,768,294
71$7,809,498$1,055,619$284,364$5,110,051
72$8,489,361$990,639$177,185$5,484,894
73$9,234,894$918,798$62,738$5,896,260
74$10,052,678$839,645$0$6,347,941
75$10,949,966$752,701$0$6,854,266
76$11,934,742$657,463$0$7,421,804
77$13,015,803$553,397$0$8,045,004
78$14,202,840$439,938$0$8,729,567
79$15,506,527$316,492$0$9,481,780
80$16,938,621$182,429$0$10,308,580
81$18,512,079$37,086$0$11,217,615
82$20,241,168$0$0$12,217,321
83$22,141,612$0$0$13,355,370
84$24,230,731$0$0$14,619,548
85$26,527,605$0$0$16,009,583
86$29,053,259$0$0$17,538,215
87$31,830,855$0$0$19,219,480
88$34,885,912$0$0$21,068,844
89$38,246,546$0$0$23,103,346
90$41,943,736$0$0$25,341,760
91$46,011,615$0$0$27,804,771
92$50,487,791$0$0$30,515,170
93$55,413,701$0$0$33,498,072
94$60,835,002$0$0$36,781,145
95$66,802,004$0$0$40,394,880
96$73,370,137$0$0$44,372,870
97$80,600,480$0$0$48,752,133
98$88,560,337$0$0$53,573,458
99$97,323,865$0$0$58,881,789
100$106,972,779$0$0$64,726,650