Can I retire at age 48 with 1,350,000?

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 $1,350,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$111,482$110,489$109,520$108,574$107,651$106,306
2 years$55,189$54,161$53,165$52,199$51,262$49,909
3 years$36,427$35,395$34,401$33,445$32,523$31,203
4 years$27,048$26,019$25,035$24,095$23,196$21,920
5 years$21,422$20,399$19,428$18,507$17,633$16,405
6 years$17,673$16,657$15,701$14,800$13,952$12,773
7 years$14,996$13,989$13,048$12,168$11,347$10,217
8 years$12,989$11,991$11,065$10,208$9,413$8,333
9 years$11,429$10,440$9,531$8,695$7,927$6,896
10 years$10,181$9,203$8,309$7,495$6,755$5,771
11 years$9,161$8,193$7,315$6,523$5,809$4,873
12 years$8,312$7,353$6,492$5,721$5,034$4,144
13 years$7,594$6,645$5,800$5,051$4,390$3,545
14 years$6,979$6,040$5,211$4,484$3,848$3,048
15 years$6,446$5,518$4,705$3,999$3,388$2,630
16 years$5,981$5,063$4,266$3,580$2,994$2,278
17 years$5,571$4,662$3,882$3,217$2,655$1,978
18 years$5,206$4,308$3,544$2,899$2,361$1,722
19 years$4,881$3,993$3,244$2,620$2,104$1,503
20 years$4,588$3,710$2,977$2,373$1,880$1,313
21 years$4,324$3,456$2,738$2,153$1,682$1,150
22 years$4,084$3,226$2,524$1,958$1,508$1,008
23 years$3,865$3,017$2,330$1,783$1,353$884
24 years$3,665$2,827$2,155$1,626$1,216$777
25 years$3,481$2,653$1,996$1,485$1,095$683
26 years$3,311$2,493$1,851$1,358$986$601
27 years$3,154$2,347$1,719$1,243$889$529
28 years$3,009$2,211$1,598$1,139$802$466
29 years$2,874$2,086$1,487$1,044$724$411
30 years$2,748$1,970$1,385$958$654$363
31 years$2,631$1,862$1,291$880$592$320
32 years$2,521$1,762$1,205$809$535$282
33 years$2,418$1,669$1,125$744$484$249
34 years$2,321$1,582$1,051$684$439$220
35 years$2,230$1,500$983$630$397$194
36 years$2,144$1,424$919$580$360$172
37 years$2,063$1,352$861$535$326$152
38 years$1,987$1,285$806$493$296$134
39 years$1,914$1,222$755$454$268$119
40 years$1,846$1,163$708$419$243$105
41 years$1,781$1,107$664$387$221$93
42 years$1,719$1,054$622$357$200$82
43 years$1,660$1,004$584$329$182$73
44 years$1,604$957$548$304$165$64
45 years$1,551$913$515$281$150$57
46 years$1,500$871$484$259$136$50
47 years$1,451$831$454$240$123$44
48 years$1,405$793$427$222$112$39
49 years$1,361$758$401$205$102$35
50 years$1,318$724$377$189$92$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,350,000, adding $2,948 every year, while hoping to spend $30,276 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: 49/35/16 Blend
47$1,350,000$1,350,000$1,350,000$1,350,000
48$1,490,741$1,419,191$1,398,266$1,557,023
49$1,610,583$1,456,518$1,412,894$1,640,414
50$1,741,634$1,494,659$1,426,998$1,727,589
51$1,885,006$1,533,622$1,440,528$1,821,625
52$2,041,922$1,573,415$1,453,431$1,923,179
53$2,213,730$1,614,045$1,465,653$2,032,970
54$2,401,914$1,655,516$1,477,135$2,151,794
55$2,608,107$1,697,834$1,487,817$2,280,524
56$2,834,110$1,741,004$1,497,635$2,420,123
57$3,081,904$1,785,028$1,506,521$2,571,651
58$3,353,673$1,829,910$1,514,404$2,736,277
59$3,651,821$1,875,648$1,521,210$2,915,286
60$3,978,996$1,922,245$1,526,860$3,110,097
61$4,338,116$1,969,697$1,531,272$3,322,269
62$4,732,394$2,018,002$1,534,360$3,553,524
63$5,165,370$2,067,156$1,536,032$3,805,756
64$5,640,943$2,117,151$1,536,194$4,081,052
65$6,163,408$2,167,981$1,534,746$4,381,712
66$6,737,498$2,219,634$1,531,582$4,710,272
67$7,368,426$2,272,100$1,526,594$5,069,522
68$8,061,935$2,325,362$1,519,664$5,462,542
69$8,824,353$2,379,406$1,510,674$5,892,720
70$9,662,651$2,434,211$1,499,495$6,363,794
71$10,584,509$2,489,755$1,485,996$6,879,881
72$11,598,389$2,546,013$1,470,037$7,445,518
73$12,713,614$2,602,956$1,451,472$8,065,704
74$13,940,456$2,660,555$1,430,150$8,745,950
75$15,290,233$2,718,772$1,405,910$9,492,328
76$16,775,414$2,777,569$1,378,585$10,311,530
77$18,409,739$2,836,902$1,348,000$11,210,930
78$20,208,347$2,896,725$1,313,973$12,198,654
79$22,187,918$2,956,985$1,276,312$13,283,661
80$24,366,833$3,017,625$1,234,815$14,475,820
81$26,765,344$3,078,582$1,189,275$15,786,010
82$29,405,765$3,139,788$1,139,472$17,226,220
83$32,312,685$3,201,170$1,085,176$18,809,661
84$35,513,198$3,262,647$1,026,149$20,550,896
85$39,037,160$3,324,131$962,140$22,465,972
86$42,917,466$3,385,530$892,888$24,572,575
87$47,190,366$3,446,740$818,118$26,890,197
88$51,895,805$3,507,651$737,547$29,440,319
89$57,077,797$3,568,147$650,875$32,246,617
90$62,784,844$3,628,097$557,791$35,335,181
91$69,070,391$3,687,367$457,970$38,734,767
92$75,993,331$3,745,808$351,072$42,477,067
93$83,618,560$3,803,262$236,742$46,597,006
94$92,017,591$3,859,559$114,610$51,133,076
95$101,269,225$3,914,518$0$56,127,699
96$111,460,301$3,967,944$0$61,630,312
97$122,686,507$4,019,628$0$67,710,810
98$135,053,289$4,069,349$0$74,406,462
99$148,676,845$4,116,867$0$81,779,926
100$163,685,220$4,161,930$0$89,900,249