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

Use the below retirement simulation to view the chances of a successful retirement.
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%13.6%
1 years$111,482$110,489$109,520$108,574$107,651$106,042
2 years$55,189$54,161$53,165$52,199$51,262$49,645
3 years$36,427$35,395$34,401$33,445$32,523$30,948
4 years$27,048$26,019$25,035$24,095$23,196$21,674
5 years$21,422$20,399$19,428$18,507$17,633$16,170
6 years$17,673$16,657$15,701$14,800$13,952$12,550
7 years$14,996$13,989$13,048$12,168$11,347$10,005
8 years$12,989$11,991$11,065$10,208$9,413$8,132
9 years$11,429$10,440$9,531$8,695$7,927$6,706
10 years$10,181$9,203$8,309$7,495$6,755$5,592
11 years$9,161$8,193$7,315$6,523$5,809$4,704
12 years$8,312$7,353$6,492$5,721$5,034$3,985
13 years$7,594$6,645$5,800$5,051$4,390$3,396
14 years$6,979$6,040$5,211$4,484$3,848$2,907
15 years$6,446$5,518$4,705$3,999$3,388$2,499
16 years$5,981$5,063$4,266$3,580$2,994$2,155
17 years$5,571$4,662$3,882$3,217$2,655$1,864
18 years$5,206$4,308$3,544$2,899$2,361$1,616
19 years$4,881$3,993$3,244$2,620$2,104$1,403
20 years$4,588$3,710$2,977$2,373$1,880$1,221
21 years$4,324$3,456$2,738$2,153$1,682$1,064
22 years$4,084$3,226$2,524$1,958$1,508$929
23 years$3,865$3,017$2,330$1,783$1,353$811
24 years$3,665$2,827$2,155$1,626$1,216$709
25 years$3,481$2,653$1,996$1,485$1,095$621
26 years$3,311$2,493$1,851$1,358$986$544
27 years$3,154$2,347$1,719$1,243$889$476
28 years$3,009$2,211$1,598$1,139$802$418
29 years$2,874$2,086$1,487$1,044$724$366
30 years$2,748$1,970$1,385$958$654$322
31 years$2,631$1,862$1,291$880$592$282
32 years$2,521$1,762$1,205$809$535$248
33 years$2,418$1,669$1,125$744$484$218
34 years$2,321$1,582$1,051$684$439$191
35 years$2,230$1,500$983$630$397$168
36 years$2,144$1,424$919$580$360$148
37 years$2,063$1,352$861$535$326$130
38 years$1,987$1,285$806$493$296$114
39 years$1,914$1,222$755$454$268$101
40 years$1,846$1,163$708$419$243$88
41 years$1,781$1,107$664$387$221$78
42 years$1,719$1,054$622$357$200$68
43 years$1,660$1,004$584$329$182$60
44 years$1,604$957$548$304$165$53
45 years$1,551$913$515$281$150$47
46 years$1,500$871$484$259$136$41
47 years$1,451$831$454$240$123$36
48 years$1,405$793$427$222$112$32
49 years$1,361$758$401$205$102$28
50 years$1,318$724$377$189$92$25

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 $3,401 every year, while hoping to spend $29,648 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: 30/42/28 Blend
47$1,350,000$1,350,000$1,350,000$1,350,000
48$1,491,208$1,419,658$1,398,733$1,523,019
49$1,611,766$1,457,676$1,414,045$1,586,180
50$1,743,627$1,496,563$1,428,877$1,651,258
51$1,887,913$1,536,331$1,443,181$1,720,681
52$2,045,859$1,576,990$1,456,906$1,794,848
53$2,218,825$1,618,551$1,470,001$1,874,196
54$2,408,309$1,661,023$1,482,409$1,959,211
55$2,615,959$1,704,416$1,494,073$2,050,424
56$2,843,593$1,748,739$1,504,930$2,148,422
57$3,093,211$1,793,999$1,514,917$2,253,851
58$3,367,017$1,840,203$1,523,965$2,367,423
59$3,667,437$1,887,357$1,532,002$2,489,922
60$3,997,145$1,935,467$1,538,953$2,622,213
61$4,359,086$1,984,536$1,544,740$2,765,249
62$4,756,502$2,034,569$1,549,279$2,920,079
63$5,192,968$2,085,565$1,552,482$3,087,860
64$5,672,420$2,137,527$1,554,259$3,269,867
65$6,199,194$2,190,452$1,554,514$3,467,506
66$6,778,066$2,244,339$1,553,145$3,682,325
67$7,414,300$2,299,183$1,550,046$3,916,032
68$8,113,693$2,354,977$1,545,107$4,170,510
69$8,882,633$2,411,714$1,538,211$4,447,831
70$9,728,157$2,469,384$1,529,237$4,750,284
71$10,658,018$2,527,973$1,518,056$5,080,390
72$11,680,760$2,587,468$1,504,534$5,440,926
73$12,805,793$2,647,849$1,488,532$5,834,957
74$14,043,488$2,709,098$1,469,902$6,265,860
75$15,405,270$2,771,190$1,448,490$6,737,356
76$16,903,729$2,834,099$1,424,135$7,253,550
77$18,552,734$2,897,795$1,396,669$7,818,965
78$20,367,570$2,962,245$1,365,915$8,438,589
79$22,365,077$3,027,409$1,331,687$9,117,918
80$24,563,810$3,093,247$1,293,794$9,863,013
81$26,984,215$3,159,713$1,252,032$10,680,555
82$29,648,820$3,226,754$1,206,191$11,577,907
83$32,582,450$3,294,315$1,156,048$12,563,188
84$35,812,458$3,362,334$1,101,374$13,645,348
85$39,368,984$3,430,744$1,041,925$14,834,250
86$43,285,241$3,499,471$977,451$16,140,771
87$47,597,826$3,568,436$907,686$17,576,897
88$52,347,066$3,637,551$832,354$19,155,842
89$57,577,397$3,706,721$751,169$20,892,173
90$63,337,786$3,775,845$663,828$22,801,946
91$69,682,191$3,844,813$570,017$24,902,859
92$76,670,070$3,913,504$469,408$27,214,423
93$84,366,942$3,981,790$361,658$29,758,142
94$92,845,005$4,049,533$246,408$32,557,721
95$102,183,819$4,116,584$123,286$35,639,288
96$112,471,054$4,182,781$0$39,031,643
97$123,803,317$4,247,953$0$42,768,955
98$136,287,069$4,311,916$0$46,923,256
99$150,039,621$4,374,471$0$51,496,371
100$165,190,248$4,435,406$0$56,530,943