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%11.9%
1 years$110,656$109,670$108,709$107,770$106,853$106,002
2 years$54,780$53,760$52,771$51,813$50,883$50,025
3 years$36,157$35,133$34,146$33,197$32,282$31,444
4 years$26,848$25,826$24,850$23,916$23,024$22,212
5 years$21,263$20,248$19,285$18,370$17,502$16,719
6 years$17,542$16,534$15,585$14,691$13,849$13,095
7 years$14,885$13,885$12,951$12,078$11,263$10,539
8 years$12,893$11,902$10,983$10,132$9,344$8,650
9 years$11,344$10,363$9,460$8,630$7,869$7,205
10 years$10,106$9,135$8,248$7,439$6,705$6,070
11 years$9,093$8,132$7,261$6,474$5,766$5,160
12 years$8,250$7,299$6,444$5,679$4,997$4,419
13 years$7,538$6,596$5,757$5,014$4,357$3,807
14 years$6,927$5,996$5,173$4,451$3,820$3,297
15 years$6,399$5,477$4,670$3,969$3,363$2,866
16 years$5,937$5,025$4,234$3,554$2,972$2,501
17 years$5,529$4,628$3,853$3,193$2,635$2,189
18 years$5,168$4,276$3,517$2,878$2,343$1,921
19 years$4,845$3,963$3,220$2,600$2,089$1,689
20 years$4,554$3,683$2,955$2,355$1,866$1,488
21 years$4,292$3,430$2,718$2,137$1,670$1,314
22 years$4,053$3,202$2,505$1,943$1,496$1,161
23 years$3,836$2,995$2,313$1,770$1,343$1,027
24 years$3,637$2,806$2,139$1,614$1,207$910
25 years$3,455$2,633$1,981$1,474$1,086$807
26 years$3,286$2,475$1,838$1,348$979$717
27 years$3,131$2,329$1,706$1,234$882$637
28 years$2,987$2,195$1,586$1,130$796$566
29 years$2,853$2,071$1,476$1,037$719$503
30 years$2,728$1,955$1,375$951$650$448
31 years$2,611$1,849$1,282$874$587$399
32 years$2,502$1,749$1,196$803$531$355
33 years$2,400$1,656$1,117$738$481$316
34 years$2,304$1,570$1,043$679$435$282
35 years$2,213$1,489$976$625$394$251
36 years$2,128$1,413$913$576$357$224
37 years$2,048$1,342$854$531$324$200
38 years$1,972$1,276$800$489$294$178
39 years$1,900$1,213$749$451$266$159
40 years$1,832$1,154$702$416$241$142
41 years$1,767$1,099$659$384$219$127
42 years$1,706$1,046$618$354$199$113
43 years$1,648$997$580$327$180$101
44 years$1,592$950$544$302$164$90
45 years$1,539$906$511$279$149$81
46 years$1,489$864$480$258$135$72
47 years$1,441$825$451$238$123$64
48 years$1,394$788$424$220$111$57
49 years$1,350$752$398$203$101$51
50 years$1,308$718$374$188$92$46

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 $2,982 every year, while hoping to spend $42,997 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: 59/18/23 Blend
47$1,340,000$1,340,000$1,340,000$1,340,000
48$1,479,756$1,408,736$1,387,966$1,557,796
49$1,584,943$1,432,016$1,388,714$1,634,505
50$1,699,417$1,454,995$1,388,047$1,713,224
51$1,824,082$1,477,613$1,385,870$1,798,146
52$1,959,929$1,499,807$1,382,088$1,889,880
53$2,108,051$1,521,507$1,376,597$1,989,100
54$2,269,649$1,542,638$1,369,290$2,096,546
55$2,446,048$1,563,122$1,360,056$2,213,040
56$2,638,704$1,582,875$1,348,777$2,339,482
57$2,849,221$1,601,804$1,335,330$2,476,871
58$3,079,363$1,619,814$1,319,585$2,626,305
59$3,331,075$1,636,802$1,301,408$2,788,995
60$3,606,496$1,652,656$1,280,657$2,966,280
61$3,907,983$1,667,261$1,257,183$3,159,635
62$4,238,131$1,680,491$1,230,832$3,370,685
63$4,599,797$1,692,212$1,201,442$3,601,226
64$4,996,129$1,702,283$1,168,843$3,853,236
65$5,430,592$1,710,552$1,132,857$4,128,898
66$5,907,003$1,716,860$1,093,299$4,430,621
67$6,429,567$1,721,035$1,049,973$4,761,058
68$7,002,913$1,722,897$1,002,678$5,123,139
69$7,632,143$1,722,252$951,201$5,520,093
70$8,322,875$1,718,895$895,319$5,955,481
71$9,081,298$1,712,610$834,802$6,433,233
72$9,914,229$1,703,167$769,406$6,957,678
73$10,829,177$1,690,319$698,879$7,533,594
74$11,834,417$1,673,809$622,955$8,166,249
75$12,939,063$1,653,360$541,359$8,861,450
76$14,153,154$1,628,682$453,801$9,625,603
77$15,487,754$1,599,465$359,981$10,465,771
78$16,955,048$1,565,382$259,584$11,389,739
79$18,568,464$1,526,087$152,281$12,406,096
80$20,342,795$1,481,213$37,730$13,524,307
81$22,294,338$1,430,370$0$14,754,813
82$24,441,051$1,373,149$0$16,129,863
83$26,802,718$1,309,113$0$17,652,635
84$29,401,139$1,237,803$0$19,327,946
85$32,260,332$1,158,732$0$21,171,319
86$35,406,761$1,071,385$0$23,199,863
87$38,869,586$975,219$0$25,432,433
88$42,680,936$869,657$0$27,889,811
89$46,876,214$754,092$0$30,594,898
90$51,494,427$627,882$0$33,572,934
91$56,578,558$490,348$0$36,851,738
92$62,175,970$340,774$0$40,461,967
93$68,338,849$178,402$0$44,437,408
94$75,124,701$2,433$0$48,815,299
95$82,596,891$0$0$53,636,678
96$90,825,243$0$0$58,984,006
97$99,886,696$0$0$64,873,416
98$109,866,032$0$0$71,359,547
99$120,856,673$0$0$78,503,138
100$132,961,566$0$0$86,371,120