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

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 $1,370,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$113,133$112,126$111,142$110,183$109,246$105,918
2 years$56,007$54,964$53,953$52,972$52,022$48,698
3 years$36,967$35,919$34,911$33,940$33,005$29,789
4 years$27,449$26,404$25,406$24,452$23,539$20,456
5 years$21,740$20,701$19,716$18,781$17,894$14,952
6 years$17,935$16,904$15,934$15,020$14,159$11,360
7 years$15,218$14,196$13,241$12,348$11,515$8,860
8 years$13,181$12,169$11,229$10,359$9,553$7,039
9 years$11,598$10,595$9,672$8,823$8,045$5,670
10 years$10,332$9,339$8,432$7,606$6,855$4,615
11 years$9,297$8,314$7,424$6,619$5,895$3,787
12 years$8,435$7,462$6,588$5,806$5,109$3,128
13 years$7,706$6,744$5,886$5,126$4,455$2,597
14 years$7,082$6,130$5,289$4,550$3,905$2,165
15 years$6,542$5,600$4,775$4,058$3,438$1,811
16 years$6,070$5,138$4,329$3,633$3,039$1,519
17 years$5,653$4,732$3,939$3,265$2,694$1,277
18 years$5,284$4,372$3,596$2,942$2,396$1,076
19 years$4,953$4,052$3,292$2,658$2,135$908
20 years$4,656$3,765$3,021$2,408$1,907$767
21 years$4,388$3,507$2,779$2,185$1,707$649
22 years$4,144$3,274$2,561$1,987$1,530$549
23 years$3,922$3,062$2,365$1,809$1,373$465
24 years$3,719$2,869$2,187$1,650$1,234$395
25 years$3,532$2,692$2,026$1,507$1,111$335
26 years$3,360$2,530$1,879$1,378$1,001$284
27 years$3,201$2,381$1,745$1,261$902$241
28 years$3,053$2,244$1,622$1,156$814$205
29 years$2,916$2,117$1,509$1,060$735$174
30 years$2,789$1,999$1,406$973$664$148
31 years$2,670$1,890$1,311$893$600$126
32 years$2,558$1,788$1,223$821$543$107
33 years$2,453$1,693$1,142$755$492$91
34 years$2,355$1,605$1,067$695$445$77
35 years$2,263$1,522$997$639$403$66
36 years$2,176$1,445$933$589$365$56
37 years$2,094$1,372$873$543$331$48
38 years$2,016$1,304$818$500$300$41
39 years$1,943$1,240$766$461$272$34
40 years$1,873$1,180$718$425$247$29
41 years$1,807$1,123$673$392$224$25
42 years$1,744$1,070$632$362$203$21
43 years$1,685$1,019$593$334$184$18
44 years$1,628$972$556$309$167$15
45 years$1,574$926$522$285$152$13
46 years$1,522$884$491$263$138$11
47 years$1,473$843$461$243$125$9
48 years$1,426$805$433$225$114$8
49 years$1,381$769$407$208$103$7
50 years$1,338$734$383$192$94$6

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 $3,907 every year, while hoping to spend $27,940 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: 57/28/15 Blend
47$1,370,000$1,370,000$1,370,000$1,370,000
48$1,513,770$1,441,160$1,419,925$1,593,971
49$1,638,447$1,482,049$1,437,765$1,689,656
50$1,774,904$1,524,005$1,455,265$1,790,479
51$1,924,314$1,567,051$1,472,386$1,899,701
52$2,087,967$1,611,210$1,489,085$2,018,134
53$2,267,285$1,656,505$1,505,315$2,146,670
54$2,463,834$1,702,959$1,521,028$2,286,292
55$2,679,337$1,750,596$1,536,175$2,438,082
56$2,915,693$1,799,439$1,550,701$2,603,232
57$3,174,995$1,849,512$1,564,550$2,783,053
58$3,459,545$1,900,839$1,577,662$2,978,991
59$3,771,881$1,953,442$1,589,977$3,192,637
60$4,114,798$2,007,346$1,601,426$3,425,743
61$4,491,376$2,062,575$1,611,942$3,680,240
62$4,905,006$2,119,151$1,621,452$3,958,254
63$5,359,425$2,177,097$1,629,879$4,262,126
64$5,858,749$2,236,438$1,637,143$4,594,439
65$6,407,513$2,297,195$1,643,159$4,958,032
66$7,010,712$2,359,391$1,647,838$5,356,038
67$7,673,852$2,423,048$1,651,088$5,791,905
68$8,402,995$2,488,188$1,652,809$6,269,435
69$9,204,823$2,554,831$1,652,901$6,792,814
70$10,086,696$2,622,999$1,651,254$7,366,654
71$11,056,724$2,692,711$1,647,756$7,996,039
72$12,123,843$2,763,986$1,642,288$8,686,569
73$13,297,896$2,836,843$1,634,726$9,444,413
74$14,589,731$2,911,299$1,624,940$10,276,370
75$16,011,301$2,987,369$1,612,792$11,189,931
76$17,575,773$3,065,069$1,598,140$12,193,350
77$19,297,658$3,144,414$1,580,834$13,295,723
78$21,192,943$3,225,414$1,560,716$14,507,072
79$23,279,246$3,308,082$1,537,622$15,838,441
80$25,575,977$3,392,426$1,511,381$17,301,997
81$28,104,525$3,478,454$1,481,811$18,911,152
82$30,888,460$3,566,171$1,448,724$20,680,682
83$33,953,749$3,655,580$1,411,923$22,626,869
84$37,329,010$3,746,682$1,371,201$24,767,658
85$41,045,775$3,839,475$1,326,343$27,122,821
86$45,138,790$3,933,956$1,277,121$29,714,147
87$49,646,343$4,030,115$1,223,300$32,565,649
88$54,610,623$4,127,944$1,164,634$35,703,785
89$60,078,120$4,227,427$1,100,863$39,157,714
90$66,100,064$4,328,547$1,031,718$42,959,569
91$72,732,907$4,431,282$956,917$47,144,759
92$80,038,856$4,535,607$876,165$51,752,306
93$88,086,457$4,641,490$789,155$56,825,210
94$96,951,248$4,748,895$695,564$62,410,861
95$106,716,467$4,857,783$595,057$68,561,477
96$117,473,839$4,968,106$487,284$75,334,609
97$129,324,439$5,079,812$371,877$82,793,674
98$142,379,651$5,192,842$248,454$91,008,560
99$156,762,215$5,307,131$116,616$100,056,283
100$172,607,385$5,422,604$0$110,021,717