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%16.2%
1 years$111,482$110,489$109,520$108,574$107,651$104,921
2 years$55,189$54,161$53,165$52,199$51,262$48,529
3 years$36,427$35,395$34,401$33,445$32,523$29,873
4 years$27,048$26,019$25,035$24,095$23,196$20,649
5 years$21,422$20,399$19,428$18,507$17,633$15,196
6 years$17,673$16,657$15,701$14,800$13,952$11,628
7 years$14,996$13,989$13,048$12,168$11,347$9,136
8 years$12,989$11,991$11,065$10,208$9,413$7,314
9 years$11,429$10,440$9,531$8,695$7,927$5,938
10 years$10,181$9,203$8,309$7,495$6,755$4,873
11 years$9,161$8,193$7,315$6,523$5,809$4,032
12 years$8,312$7,353$6,492$5,721$5,034$3,359
13 years$7,594$6,645$5,800$5,051$4,390$2,813
14 years$6,979$6,040$5,211$4,484$3,848$2,366
15 years$6,446$5,518$4,705$3,999$3,388$1,998
16 years$5,981$5,063$4,266$3,580$2,994$1,692
17 years$5,571$4,662$3,882$3,217$2,655$1,436
18 years$5,206$4,308$3,544$2,899$2,361$1,221
19 years$4,881$3,993$3,244$2,620$2,104$1,041
20 years$4,588$3,710$2,977$2,373$1,880$888
21 years$4,324$3,456$2,738$2,153$1,682$759
22 years$4,084$3,226$2,524$1,958$1,508$649
23 years$3,865$3,017$2,330$1,783$1,353$555
24 years$3,665$2,827$2,155$1,626$1,216$476
25 years$3,481$2,653$1,996$1,485$1,095$408
26 years$3,311$2,493$1,851$1,358$986$350
27 years$3,154$2,347$1,719$1,243$889$300
28 years$3,009$2,211$1,598$1,139$802$258
29 years$2,874$2,086$1,487$1,044$724$221
30 years$2,748$1,970$1,385$958$654$190
31 years$2,631$1,862$1,291$880$592$163
32 years$2,521$1,762$1,205$809$535$140
33 years$2,418$1,669$1,125$744$484$121
34 years$2,321$1,582$1,051$684$439$104
35 years$2,230$1,500$983$630$397$89
36 years$2,144$1,424$919$580$360$77
37 years$2,063$1,352$861$535$326$66
38 years$1,987$1,285$806$493$296$57
39 years$1,914$1,222$755$454$268$49
40 years$1,846$1,163$708$419$243$42
41 years$1,781$1,107$664$387$221$36
42 years$1,719$1,054$622$357$200$31
43 years$1,660$1,004$584$329$182$27
44 years$1,604$957$548$304$165$23
45 years$1,551$913$515$281$150$20
46 years$1,500$871$484$259$136$17
47 years$1,451$831$454$240$123$15
48 years$1,405$793$427$222$112$13
49 years$1,361$758$401$205$102$11
50 years$1,318$724$377$189$92$9

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 $2,558 every year, while hoping to spend $25,596 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: 63/30/7 Blend
47$1,350,000$1,350,000$1,350,000$1,350,000
48$1,490,339$1,418,789$1,397,864$1,582,089
49$1,615,119$1,461,075$1,417,458$1,685,873
50$1,751,770$1,504,576$1,436,851$1,795,907
51$1,901,473$1,549,324$1,456,009$1,915,380
52$2,065,534$1,595,351$1,474,896$2,045,206
53$2,245,388$1,642,692$1,493,474$2,186,390
54$2,442,615$1,691,382$1,511,703$2,340,038
55$2,658,958$1,741,456$1,529,541$2,507,366
56$2,896,334$1,792,950$1,546,943$2,689,715
57$3,156,857$1,845,901$1,563,863$2,888,560
58$3,442,854$1,900,348$1,580,250$3,105,526
59$3,756,888$1,956,328$1,596,051$3,342,400
60$4,101,785$2,013,882$1,611,213$3,601,151
61$4,480,653$2,073,049$1,625,675$3,883,949
62$4,896,922$2,133,871$1,639,377$4,193,181
63$5,354,367$2,196,389$1,652,255$4,531,477
64$5,857,146$2,260,646$1,664,240$4,901,733
65$6,409,843$2,326,685$1,675,260$5,307,139
66$7,017,506$2,394,552$1,685,240$5,751,209
67$7,685,697$2,464,290$1,694,101$6,237,814
68$8,420,544$2,535,947$1,701,759$6,771,215
69$9,228,800$2,609,568$1,708,128$7,356,109
70$10,117,902$2,685,202$1,713,115$7,997,670
71$11,096,047$2,762,896$1,716,624$8,701,595
72$12,172,266$2,842,700$1,718,553$9,474,163
73$13,356,509$2,924,663$1,718,795$10,322,289
74$14,659,738$3,008,837$1,717,241$11,253,592
75$16,094,034$3,095,273$1,713,771$12,276,468
76$17,672,707$3,184,022$1,708,263$13,400,165
77$19,410,422$3,275,139$1,700,590$14,634,872
78$21,323,340$3,368,676$1,690,614$15,991,815
79$23,429,267$3,464,687$1,678,196$17,483,363
80$25,747,823$3,563,228$1,663,187$19,123,146
81$28,300,629$3,664,353$1,645,431$20,926,179
82$31,111,506$3,768,119$1,624,766$22,909,007
83$34,206,705$3,874,583$1,601,021$25,089,860
84$37,615,152$3,983,800$1,574,018$27,488,826
85$41,368,720$4,095,830$1,543,571$30,128,038
86$45,502,533$4,210,728$1,509,483$33,031,884
87$50,055,292$4,328,554$1,471,551$36,227,238
88$55,069,644$4,449,366$1,429,561$39,743,710
89$60,592,585$4,573,222$1,383,288$43,613,931
90$66,675,899$4,700,181$1,332,500$47,873,854
91$73,376,652$4,830,301$1,276,950$52,563,097
92$80,757,726$4,963,642$1,216,383$57,725,319
93$88,888,415$5,100,260$1,150,532$63,408,625
94$97,845,075$5,240,215$1,079,117$69,666,026
95$107,711,851$5,383,564$1,001,846$76,555,938
96$118,581,466$5,530,365$918,414$84,142,729
97$130,556,096$5,680,673$828,501$92,497,333
98$143,748,337$5,834,545$731,775$101,697,913
99$158,282,265$5,992,036$627,887$111,830,603
100$174,294,609$6,153,199$516,474$122,990,320