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

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 $1,360,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$112,308$111,307$110,331$109,379$108,448$104,642
2 years$55,598$54,562$53,559$52,586$51,642$47,847
3 years$36,697$35,657$34,656$33,692$32,764$29,100
4 years$27,248$26,212$25,221$24,273$23,367$19,862
5 years$21,581$20,550$19,572$18,644$17,764$14,426
6 years$17,804$16,781$15,817$14,910$14,056$10,889
7 years$15,107$14,093$13,144$12,258$11,431$8,434
8 years$13,085$12,080$11,147$10,283$9,483$6,654
9 years$11,513$10,518$9,601$8,759$7,986$5,320
10 years$10,257$9,271$8,371$7,550$6,805$4,298
11 years$9,229$8,253$7,369$6,571$5,852$3,500
12 years$8,374$7,408$6,540$5,764$5,071$2,868
13 years$7,650$6,694$5,843$5,088$4,422$2,361
14 years$7,031$6,085$5,250$4,517$3,877$1,952
15 years$6,494$5,559$4,740$4,028$3,413$1,619
16 years$6,025$5,100$4,298$3,607$3,017$1,347
17 years$5,612$4,697$3,911$3,241$2,675$1,122
18 years$5,245$4,340$3,570$2,921$2,378$937
19 years$4,917$4,022$3,268$2,639$2,120$783
20 years$4,622$3,738$2,999$2,390$1,893$656
21 years$4,356$3,482$2,759$2,169$1,694$550
22 years$4,114$3,250$2,543$1,972$1,519$461
23 years$3,893$3,040$2,348$1,796$1,363$387
24 years$3,692$2,848$2,171$1,638$1,225$325
25 years$3,506$2,673$2,011$1,496$1,103$273
26 years$3,335$2,512$1,865$1,368$993$230
27 years$3,178$2,364$1,732$1,252$896$193
28 years$3,031$2,228$1,610$1,147$808$162
29 years$2,895$2,101$1,498$1,052$730$137
30 years$2,768$1,985$1,396$966$659$115
31 years$2,650$1,876$1,301$887$596$97
32 years$2,539$1,775$1,214$815$539$81
33 years$2,436$1,681$1,133$749$488$69
34 years$2,338$1,593$1,059$690$442$58
35 years$2,246$1,511$990$635$400$49
36 years$2,160$1,434$926$585$363$41
37 years$2,078$1,362$867$539$329$34
38 years$2,001$1,295$812$496$298$29
39 years$1,928$1,231$761$458$270$24
40 years$1,859$1,171$713$422$245$21
41 years$1,794$1,115$668$390$222$17
42 years$1,731$1,062$627$360$202$15
43 years$1,672$1,012$588$332$183$12
44 years$1,616$964$552$306$166$10
45 years$1,562$920$519$283$151$9
46 years$1,511$877$487$261$137$7
47 years$1,462$837$458$242$124$6
48 years$1,415$799$430$223$113$5
49 years$1,371$763$404$206$103$4
50 years$1,328$729$380$191$93$4

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 $2,340 every year, while hoping to spend $26,455 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: 61/27/12 Blend
47$1,360,000$1,360,000$1,360,000$1,360,000
48$1,501,134$1,429,054$1,407,974$1,588,268
49$1,626,101$1,470,929$1,426,993$1,688,922
50$1,762,929$1,513,970$1,445,763$1,795,489
51$1,912,799$1,558,206$1,464,246$1,911,128
52$2,077,012$1,603,665$1,482,406$2,036,718
53$2,257,001$1,650,379$1,500,201$2,173,226
54$2,454,346$1,698,378$1,517,588$2,321,716
55$2,670,784$1,747,694$1,534,523$2,483,360
56$2,908,232$1,798,358$1,550,956$2,659,449
57$3,168,797$1,850,403$1,566,839$2,851,404
58$3,454,803$1,903,862$1,582,117$3,060,790
59$3,768,810$1,958,769$1,596,735$3,289,329
60$4,113,637$2,015,156$1,610,634$3,538,919
61$4,492,388$2,073,060$1,623,751$3,811,649
62$4,908,486$2,132,514$1,636,021$4,109,822
63$5,365,700$2,193,555$1,647,375$4,435,972
64$5,868,180$2,256,217$1,657,741$4,792,891
65$6,420,501$2,320,539$1,667,042$5,183,656
66$7,027,702$2,386,556$1,675,198$5,611,654
67$7,695,336$2,454,305$1,682,126$6,080,618
68$8,429,519$2,523,825$1,687,736$6,594,660
69$9,236,990$2,595,153$1,691,935$7,158,308
70$10,125,175$2,668,327$1,694,627$7,776,553
71$11,102,254$2,743,386$1,695,708$8,454,893
72$12,177,240$2,820,368$1,695,071$9,199,385
73$13,360,066$2,899,314$1,692,603$10,016,702
74$14,661,674$2,980,261$1,688,186$10,914,196
75$16,094,120$3,063,250$1,681,696$11,899,968
76$17,670,690$3,148,318$1,673,002$12,982,943
77$19,406,022$3,235,507$1,661,969$14,172,957
78$21,316,245$3,324,856$1,648,453$15,480,845
79$23,419,130$3,416,402$1,632,305$16,918,546
80$25,734,262$3,510,186$1,613,368$18,499,216
81$28,283,219$3,606,247$1,591,478$20,237,352
82$31,089,776$3,704,623$1,566,462$22,148,927
83$34,180,136$3,805,351$1,538,140$24,251,542
84$37,583,166$3,908,471$1,506,325$26,564,590
85$41,330,681$4,014,017$1,470,818$29,109,443
86$45,457,734$4,122,028$1,431,414$31,909,651
87$50,002,953$4,232,537$1,387,897$34,991,163
88$55,008,904$4,345,581$1,340,041$38,382,574
89$60,522,489$4,461,191$1,287,609$42,115,394
90$66,595,394$4,579,401$1,230,355$46,224,346
91$73,284,573$4,700,241$1,168,021$50,747,692
92$80,652,787$4,823,740$1,100,337$55,727,596
93$88,769,194$4,949,926$1,027,021$61,210,522
94$97,710,004$5,078,824$947,778$67,247,669
95$107,559,196$5,210,459$862,301$73,895,460
96$118,409,313$5,344,850$770,267$81,216,069
97$130,362,334$5,482,019$671,342$89,278,012
98$143,530,633$5,621,979$565,173$98,156,793
99$158,038,047$5,764,745$451,395$107,935,613
100$174,021,036$5,910,325$329,625$118,706,161