Can I retire at age 48 with 1,360,000?

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 $1,360,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$112,308$111,307$110,331$109,379$108,448$106,477
2 years$55,598$54,562$53,559$52,586$51,642$49,663
3 years$36,697$35,657$34,656$33,692$32,764$30,838
4 years$27,248$26,212$25,221$24,273$23,367$21,511
5 years$21,581$20,550$19,572$18,644$17,764$15,981
6 years$17,804$16,781$15,817$14,910$14,056$12,349
7 years$15,107$14,093$13,144$12,258$11,431$9,801
8 years$13,085$12,080$11,147$10,283$9,483$7,929
9 years$11,513$10,518$9,601$8,759$7,986$6,508
10 years$10,257$9,271$8,371$7,550$6,805$5,400
11 years$9,229$8,253$7,369$6,571$5,852$4,520
12 years$8,374$7,408$6,540$5,764$5,071$3,810
13 years$7,650$6,694$5,843$5,088$4,422$3,229
14 years$7,031$6,085$5,250$4,517$3,877$2,750
15 years$6,494$5,559$4,740$4,028$3,413$2,351
16 years$6,025$5,100$4,298$3,607$3,017$2,016
17 years$5,612$4,697$3,911$3,241$2,675$1,733
18 years$5,245$4,340$3,570$2,921$2,378$1,494
19 years$4,917$4,022$3,268$2,639$2,120$1,290
20 years$4,622$3,738$2,999$2,390$1,893$1,116
21 years$4,356$3,482$2,759$2,169$1,694$967
22 years$4,114$3,250$2,543$1,972$1,519$838
23 years$3,893$3,040$2,348$1,796$1,363$728
24 years$3,692$2,848$2,171$1,638$1,225$632
25 years$3,506$2,673$2,011$1,496$1,103$550
26 years$3,335$2,512$1,865$1,368$993$479
27 years$3,178$2,364$1,732$1,252$896$417
28 years$3,031$2,228$1,610$1,147$808$363
29 years$2,895$2,101$1,498$1,052$730$316
30 years$2,768$1,985$1,396$966$659$276
31 years$2,650$1,876$1,301$887$596$241
32 years$2,539$1,775$1,214$815$539$210
33 years$2,436$1,681$1,133$749$488$183
34 years$2,338$1,593$1,059$690$442$160
35 years$2,246$1,511$990$635$400$140
36 years$2,160$1,434$926$585$363$122
37 years$2,078$1,362$867$539$329$106
38 years$2,001$1,295$812$496$298$93
39 years$1,928$1,231$761$458$270$81
40 years$1,859$1,171$713$422$245$71
41 years$1,794$1,115$668$390$222$62
42 years$1,731$1,062$627$360$202$54
43 years$1,672$1,012$588$332$183$47
44 years$1,616$964$552$306$166$41
45 years$1,562$920$519$283$151$36
46 years$1,511$877$487$261$137$32
47 years$1,462$837$458$242$124$28
48 years$1,415$799$430$223$113$24
49 years$1,371$763$404$206$103$21
50 years$1,328$729$380$191$93$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,360,000, adding $4,494 every year, while hoping to spend $49,571 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: 77/18/5 Blend
47$1,360,000$1,360,000$1,360,000$1,360,000
48$1,503,356$1,431,276$1,410,196$1,618,370
49$1,603,955$1,448,665$1,404,694$1,711,840
50$1,713,153$1,465,245$1,397,347$1,807,399
51$1,831,777$1,480,924$1,388,039$1,910,687
52$1,960,732$1,495,603$1,376,653$2,022,452
53$2,101,017$1,509,178$1,363,061$2,143,513
54$2,253,731$1,521,537$1,347,133$2,274,774
55$2,420,081$1,532,562$1,328,732$2,417,232
56$2,601,397$1,542,126$1,307,713$2,571,985
57$2,799,144$1,550,095$1,283,925$2,740,240
58$3,014,932$1,556,324$1,257,212$2,923,330
59$3,250,533$1,560,662$1,227,407$3,122,722
60$3,507,901$1,562,948$1,194,338$3,340,033
61$3,789,183$1,563,009$1,157,825$3,577,044
62$4,096,745$1,560,662$1,117,677$3,835,720
63$4,433,192$1,555,713$1,073,699$4,118,223
64$4,801,392$1,547,958$1,025,682$4,426,939
65$5,204,503$1,537,176$973,411$4,764,493
66$5,646,003$1,523,138$916,661$5,133,782
67$6,129,720$1,505,597$855,194$5,537,998
68$6,659,873$1,484,293$788,765$5,980,658
69$7,241,107$1,458,950$717,115$6,465,637
70$7,878,537$1,429,276$639,976$6,997,207
71$8,577,799$1,394,961$557,066$7,580,079
72$9,345,098$1,355,678$468,091$8,219,440
73$10,187,271$1,311,080$372,745$8,921,012
74$11,111,849$1,260,798$270,708$9,691,097
75$12,127,125$1,204,446$161,645$10,536,645
76$13,242,240$1,141,611$45,208$11,465,314
77$14,467,257$1,071,859$0$12,485,545
78$15,813,267$994,729$0$13,610,858
79$17,292,485$909,737$0$14,850,138
80$18,918,372$816,367$0$16,212,295
81$20,705,753$714,076$0$17,709,808
82$22,670,966$602,292$0$19,356,429
83$24,832,006$480,406$0$21,167,317
84$27,208,704$347,779$0$23,159,176
85$29,822,905$203,734$0$25,350,415
86$32,698,681$47,556$0$27,761,326
87$35,862,552$0$0$30,414,270
88$39,343,739$0$0$33,357,959
89$43,174,438$0$0$36,607,617
90$47,390,124$0$0$40,183,925
91$52,029,884$0$0$44,120,050
92$57,136,788$0$0$48,452,536
93$62,758,292$0$0$53,221,652
94$68,946,686$0$0$58,471,767
95$75,759,588$0$0$64,251,771
96$83,260,486$0$0$70,615,536
97$91,519,340$0$0$77,622,422
98$100,613,234$0$0$85,337,840
99$110,627,111$0$0$93,833,865
100$121,654,571$0$0$103,189,919