Can I retire at age 48 with 1,340,000?

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 $1,340,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$110,656$109,670$108,709$107,770$106,853$103,933
2 years$54,780$53,760$52,771$51,813$50,883$47,962
3 years$36,157$35,133$34,146$33,197$32,282$29,452
4 years$26,848$25,826$24,850$23,916$23,024$20,307
5 years$21,263$20,248$19,285$18,370$17,502$14,905
6 years$17,542$16,534$15,585$14,691$13,849$11,374
7 years$14,885$13,885$12,951$12,078$11,263$8,911
8 years$12,893$11,902$10,983$10,132$9,344$7,113
9 years$11,344$10,363$9,460$8,630$7,869$5,758
10 years$10,106$9,135$8,248$7,439$6,705$4,710
11 years$9,093$8,132$7,261$6,474$5,766$3,885
12 years$8,250$7,299$6,444$5,679$4,997$3,226
13 years$7,538$6,596$5,757$5,014$4,357$2,693
14 years$6,927$5,996$5,173$4,451$3,820$2,257
15 years$6,399$5,477$4,670$3,969$3,363$1,899
16 years$5,937$5,025$4,234$3,554$2,972$1,602
17 years$5,529$4,628$3,853$3,193$2,635$1,355
18 years$5,168$4,276$3,517$2,878$2,343$1,148
19 years$4,845$3,963$3,220$2,600$2,089$975
20 years$4,554$3,683$2,955$2,355$1,866$829
21 years$4,292$3,430$2,718$2,137$1,670$705
22 years$4,053$3,202$2,505$1,943$1,496$601
23 years$3,836$2,995$2,313$1,770$1,343$512
24 years$3,637$2,806$2,139$1,614$1,207$437
25 years$3,455$2,633$1,981$1,474$1,086$373
26 years$3,286$2,475$1,838$1,348$979$319
27 years$3,131$2,329$1,706$1,234$882$272
28 years$2,987$2,195$1,586$1,130$796$233
29 years$2,853$2,071$1,476$1,037$719$199
30 years$2,728$1,955$1,375$951$650$170
31 years$2,611$1,849$1,282$874$587$146
32 years$2,502$1,749$1,196$803$531$125
33 years$2,400$1,656$1,117$738$481$107
34 years$2,304$1,570$1,043$679$435$91
35 years$2,213$1,489$976$625$394$78
36 years$2,128$1,413$913$576$357$67
37 years$2,048$1,342$854$531$324$57
38 years$1,972$1,276$800$489$294$49
39 years$1,900$1,213$749$451$266$42
40 years$1,832$1,154$702$416$241$36
41 years$1,767$1,099$659$384$219$31
42 years$1,706$1,046$618$354$199$26
43 years$1,648$997$580$327$180$23
44 years$1,592$950$544$302$164$19
45 years$1,539$906$511$279$149$17
46 years$1,489$864$480$258$135$14
47 years$1,441$825$451$238$123$12
48 years$1,394$788$424$220$111$10
49 years$1,350$752$398$203$101$9
50 years$1,308$718$374$188$92$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,340,000, adding $5,077 every year, while hoping to spend $34,872 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: 52/28/20 Blend
47$1,340,000$1,340,000$1,340,000$1,340,000
48$1,481,917$1,410,897$1,390,127$1,550,561
49$1,595,969$1,442,927$1,399,593$1,630,392
50$1,720,485$1,475,358$1,408,207$1,713,137
51$1,856,497$1,508,173$1,415,904$1,802,395
52$2,005,138$1,541,352$1,422,615$1,898,796
53$2,167,658$1,574,874$1,428,269$2,003,036
54$2,345,432$1,608,716$1,432,788$2,115,879
55$2,539,974$1,642,851$1,436,095$2,238,169
56$2,752,952$1,677,251$1,438,104$2,370,836
57$2,986,201$1,711,884$1,438,728$2,514,905
58$3,241,743$1,746,716$1,437,876$2,671,506
59$3,521,806$1,781,710$1,435,450$2,841,884
60$3,828,841$1,816,825$1,431,348$3,027,411
61$4,165,551$1,852,017$1,425,466$3,229,600
62$4,534,908$1,887,238$1,417,691$3,450,119
63$4,940,191$1,922,435$1,407,906$3,690,806
64$5,385,009$1,957,552$1,395,989$3,953,689
65$5,873,337$1,992,529$1,381,811$4,241,000
66$6,409,555$2,027,301$1,365,239$4,555,203
67$6,998,487$2,061,796$1,346,132$4,899,012
68$7,645,447$2,095,938$1,324,342$5,275,421
69$8,356,291$2,129,647$1,299,716$5,687,728
70$9,137,467$2,162,834$1,272,091$6,139,571
71$9,996,081$2,195,406$1,241,298$6,634,958
72$10,939,962$2,227,262$1,207,163$7,178,310
73$11,977,733$2,258,293$1,169,498$7,774,499
74$13,118,897$2,288,384$1,128,111$8,428,896
75$14,373,922$2,317,412$1,082,800$9,147,422
76$15,754,342$2,345,245$1,033,353$9,936,604
77$17,272,864$2,371,741$979,550$10,803,638
78$18,943,490$2,396,751$921,159$11,756,455
79$20,781,647$2,420,112$857,939$12,803,797
80$22,804,333$2,441,656$789,637$13,955,305
81$25,030,275$2,461,197$715,991$15,221,601
82$27,480,111$2,478,544$636,724$16,614,397
83$30,176,578$2,493,488$551,550$18,146,602
84$33,144,729$2,505,809$460,167$19,832,448
85$36,412,171$2,515,273$362,262$21,687,621
86$40,009,323$2,521,632$257,508$23,729,410
87$43,969,702$2,524,620$145,563$25,976,874
88$48,330,241$2,523,956$26,069$28,451,023
89$53,131,638$2,519,342$0$31,175,011
90$58,418,737$2,510,461$0$34,196,014
91$64,240,951$2,496,977$0$37,527,860
92$70,652,731$2,478,532$0$41,196,076
93$77,714,078$2,454,749$0$45,234,933
94$85,491,107$2,425,225$0$49,682,201
95$94,056,675$2,389,535$0$54,579,502
96$103,491,063$2,347,230$0$59,972,709
97$113,882,737$2,297,830$0$65,912,376
98$125,329,183$2,240,831$0$72,454,216
99$137,937,825$2,175,696$0$79,659,628
100$151,827,038$2,101,860$0$87,596,281