Can I retire at age 48 with 1,370,000?

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 $1,370,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$113,133$112,126$111,142$110,183$109,246$105,286
2 years$56,007$54,964$53,953$52,972$52,022$48,076
3 years$36,967$35,919$34,911$33,940$33,005$29,197
4 years$27,449$26,404$25,406$24,452$23,539$19,898
5 years$21,740$20,701$19,716$18,781$17,894$14,429
6 years$17,935$16,904$15,934$15,020$14,159$10,873
7 years$15,218$14,196$13,241$12,348$11,515$8,408
8 years$13,181$12,169$11,229$10,359$9,553$6,621
9 years$11,598$10,595$9,672$8,823$8,045$5,285
10 years$10,332$9,339$8,432$7,606$6,855$4,261
11 years$9,297$8,314$7,424$6,619$5,895$3,463
12 years$8,435$7,462$6,588$5,806$5,109$2,832
13 years$7,706$6,744$5,886$5,126$4,455$2,327
14 years$7,082$6,130$5,289$4,550$3,905$1,920
15 years$6,542$5,600$4,775$4,058$3,438$1,589
16 years$6,070$5,138$4,329$3,633$3,039$1,319
17 years$5,653$4,732$3,939$3,265$2,694$1,096
18 years$5,284$4,372$3,596$2,942$2,396$913
19 years$4,953$4,052$3,292$2,658$2,135$762
20 years$4,656$3,765$3,021$2,408$1,907$636
21 years$4,388$3,507$2,779$2,185$1,707$532
22 years$4,144$3,274$2,561$1,987$1,530$445
23 years$3,922$3,062$2,365$1,809$1,373$373
24 years$3,719$2,869$2,187$1,650$1,234$312
25 years$3,532$2,692$2,026$1,507$1,111$262
26 years$3,360$2,530$1,879$1,378$1,001$220
27 years$3,201$2,381$1,745$1,261$902$184
28 years$3,053$2,244$1,622$1,156$814$155
29 years$2,916$2,117$1,509$1,060$735$130
30 years$2,789$1,999$1,406$973$664$109
31 years$2,670$1,890$1,311$893$600$91
32 years$2,558$1,788$1,223$821$543$77
33 years$2,453$1,693$1,142$755$492$64
34 years$2,355$1,605$1,067$695$445$54
35 years$2,263$1,522$997$639$403$45
36 years$2,176$1,445$933$589$365$38
37 years$2,094$1,372$873$543$331$32
38 years$2,016$1,304$818$500$300$27
39 years$1,943$1,240$766$461$272$23
40 years$1,873$1,180$718$425$247$19
41 years$1,807$1,123$673$392$224$16
42 years$1,744$1,070$632$362$203$13
43 years$1,685$1,019$593$334$184$11
44 years$1,628$972$556$309$167$9
45 years$1,574$926$522$285$152$8
46 years$1,522$884$491$263$138$7
47 years$1,473$843$461$243$125$6
48 years$1,426$805$433$225$114$5
49 years$1,381$769$407$208$103$4
50 years$1,338$734$383$192$94$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,370,000, adding $3,516 every year, while hoping to spend $21,806 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: 68/6/26 Blend
47$1,370,000$1,370,000$1,370,000$1,370,000
48$1,513,367$1,440,757$1,419,522$1,605,884
49$1,644,529$1,488,152$1,443,874$1,715,871
50$1,788,338$1,537,140$1,468,312$1,833,346
51$1,946,063$1,587,773$1,492,814$1,961,370
52$2,119,097$1,640,111$1,517,360$2,100,988
53$2,308,980$1,694,210$1,541,925$2,253,349
54$2,517,402$1,750,133$1,566,487$2,419,719
55$2,746,231$1,807,943$1,591,017$2,601,494
56$2,997,519$1,867,705$1,615,489$2,800,208
57$3,273,531$1,929,488$1,639,873$3,017,554
58$3,576,760$1,993,361$1,664,137$3,255,398
59$3,909,951$2,059,398$1,688,248$3,515,792
60$4,276,132$2,127,674$1,712,170$3,800,999
61$4,678,635$2,198,268$1,735,865$4,113,512
62$5,121,133$2,271,260$1,759,294$4,456,078
63$5,607,672$2,346,735$1,782,414$4,831,722
64$6,142,710$2,424,780$1,805,180$5,243,779
65$6,731,158$2,505,486$1,827,545$5,695,922
66$7,378,427$2,588,946$1,849,459$6,192,199
67$8,090,479$2,675,257$1,870,868$6,737,068
68$8,873,883$2,764,520$1,891,718$7,335,444
69$9,735,878$2,856,840$1,911,949$7,992,741
70$10,684,436$2,952,324$1,931,498$8,714,926
71$11,728,346$3,051,085$1,950,301$9,508,573
72$12,877,289$3,153,240$1,968,287$10,380,924
73$14,141,932$3,258,909$1,985,385$11,339,963
74$15,534,031$3,368,217$2,001,517$12,394,486
75$17,066,537$3,481,294$2,016,602$13,554,183
76$18,753,721$3,598,275$2,030,556$14,829,737
77$20,611,310$3,719,300$2,043,289$16,232,915
78$22,656,631$3,844,513$2,054,706$17,776,687
79$24,908,778$3,974,065$2,064,710$19,475,344
80$27,388,792$4,108,112$2,073,196$21,344,634
81$30,119,855$4,246,816$2,080,054$23,401,911
82$33,127,515$4,390,345$2,085,171$25,666,299
83$36,439,922$4,538,872$2,088,425$28,158,872
84$40,088,097$4,692,580$2,089,690$30,902,853
85$44,106,222$4,851,656$2,088,834$33,923,833
86$48,531,964$5,016,294$2,085,717$37,250,012
87$53,406,828$5,186,697$2,080,193$40,912,468
88$58,776,554$5,363,074$2,072,109$44,945,447
89$64,691,543$5,545,645$2,061,304$49,386,689
90$71,207,333$5,734,634$2,047,611$54,277,782
91$78,385,127$5,930,278$2,030,852$59,664,555
92$86,292,368$6,132,819$2,010,843$65,597,514
93$95,003,374$6,342,511$1,987,391$72,132,315
94$104,600,042$6,559,618$1,960,292$79,330,288
95$115,172,619$6,784,412$1,929,335$87,259,024
96$126,820,555$7,017,178$1,894,297$95,993,003
97$139,653,441$7,258,209$1,854,945$105,614,305
98$153,792,043$7,507,812$1,811,037$116,213,382
99$169,369,442$7,766,305$1,762,317$127,889,910
100$186,532,289$8,034,019$1,708,519$140,753,734