Can I retire at age 48 with 1,380,000?

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 $1,380,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$113,959$112,944$111,954$110,987$110,043$107,733
2 years$56,415$55,365$54,346$53,359$52,401$50,085
3 years$37,237$36,181$35,166$34,188$33,246$30,995
4 years$27,649$26,597$25,592$24,630$23,711$21,544
5 years$21,898$20,853$19,860$18,918$18,025$15,947
6 years$18,065$17,028$16,050$15,129$14,262$12,276
7 years$15,329$14,300$13,338$12,439$11,599$9,705
8 years$13,277$12,258$11,311$10,434$9,623$7,820
9 years$11,683$10,672$9,742$8,888$8,104$6,391
10 years$10,407$9,407$8,494$7,661$6,905$5,280
11 years$9,365$8,375$7,478$6,668$5,938$4,400
12 years$8,497$7,517$6,636$5,848$5,146$3,692
13 years$7,763$6,793$5,929$5,163$4,487$3,115
14 years$7,134$6,175$5,327$4,583$3,934$2,640
15 years$6,590$5,641$4,810$4,088$3,463$2,246
16 years$6,114$5,175$4,361$3,660$3,061$1,916
17 years$5,695$4,766$3,968$3,288$2,714$1,640
18 years$5,322$4,404$3,622$2,964$2,413$1,406
19 years$4,989$4,082$3,316$2,678$2,151$1,208
20 years$4,690$3,793$3,043$2,425$1,921$1,039
21 years$4,420$3,533$2,799$2,201$1,719$895
22 years$4,174$3,298$2,580$2,001$1,541$772
23 years$3,951$3,084$2,382$1,823$1,383$667
24 years$3,746$2,890$2,203$1,662$1,243$576
25 years$3,558$2,712$2,041$1,518$1,119$498
26 years$3,384$2,549$1,893$1,388$1,008$431
27 years$3,224$2,399$1,757$1,271$909$373
28 years$3,076$2,260$1,634$1,164$820$323
29 years$2,938$2,132$1,520$1,068$740$280
30 years$2,809$2,014$1,416$980$669$243
31 years$2,689$1,904$1,320$900$605$211
32 years$2,577$1,801$1,232$827$547$183
33 years$2,471$1,706$1,150$760$495$159
34 years$2,372$1,617$1,075$700$448$138
35 years$2,279$1,533$1,005$644$406$119
36 years$2,192$1,455$940$593$368$104
37 years$2,109$1,382$880$547$333$90
38 years$2,031$1,314$824$504$302$78
39 years$1,957$1,249$772$464$274$68
40 years$1,887$1,189$723$428$249$59
41 years$1,820$1,131$678$395$226$51
42 years$1,757$1,078$636$365$205$44
43 years$1,697$1,027$597$337$186$39
44 years$1,640$979$560$311$169$33
45 years$1,585$933$526$287$153$29
46 years$1,533$890$494$265$139$25
47 years$1,484$850$464$245$126$22
48 years$1,436$811$436$226$115$19
49 years$1,391$774$410$209$104$17
50 years$1,347$740$386$193$95$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,380,000, adding $2,085 every year, while hoping to spend $38,978 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: 41/31/28 Blend
47$1,380,000$1,380,000$1,380,000$1,380,000
48$1,522,911$1,449,771$1,428,381$1,572,734
49$1,636,775$1,479,337$1,434,759$1,638,537
50$1,760,948$1,509,046$1,440,045$1,705,918
51$1,896,438$1,538,863$1,444,160$1,778,112
52$2,044,359$1,568,751$1,447,023$1,855,586
53$2,205,933$1,598,670$1,448,549$1,938,854
54$2,382,510$1,628,576$1,448,646$2,028,487
55$2,575,571$1,658,422$1,447,222$2,125,110
56$2,786,752$1,688,157$1,444,176$2,229,418
57$3,017,849$1,717,725$1,439,404$2,342,175
58$3,270,845$1,747,069$1,432,799$2,464,225
59$3,547,918$1,776,123$1,424,246$2,596,501
60$3,851,472$1,804,819$1,413,624$2,740,029
61$4,184,151$1,833,084$1,400,809$2,895,945
62$4,548,868$1,860,838$1,385,670$3,065,501
63$4,948,831$1,887,998$1,368,068$3,250,081
64$5,387,573$1,914,471$1,347,860$3,451,208
65$5,868,987$1,940,162$1,324,895$3,670,567
66$6,397,360$1,964,965$1,299,014$3,910,016
67$6,977,413$1,988,771$1,270,054$4,171,603
68$7,614,348$2,011,460$1,237,840$4,457,591
69$8,313,896$2,032,906$1,202,192$4,770,475
70$9,082,368$2,052,973$1,162,920$5,113,009
71$9,926,720$2,071,518$1,119,828$5,488,231
72$10,854,610$2,088,388$1,072,707$5,899,491
73$11,874,479$2,103,418$1,021,341$6,350,489
74$12,995,625$2,116,434$965,505$6,845,303
75$14,228,291$2,127,252$904,962$7,388,432
76$15,583,763$2,135,673$839,465$7,984,841
77$17,074,475$2,141,490$768,755$8,640,004
78$18,714,126$2,144,478$692,563$9,359,961
79$20,517,811$2,144,401$610,608$10,151,374
80$22,502,159$2,141,008$522,595$11,021,590
81$24,685,494$2,134,032$428,216$11,978,711
82$27,088,005$2,123,190$327,152$13,031,675
83$29,731,936$2,108,181$219,066$14,190,339
84$32,641,798$2,088,686$103,609$15,465,572
85$35,844,599$2,064,369$0$16,869,361
86$39,370,095$2,034,870$0$18,420,781
87$43,251,076$1,999,810$0$20,161,967
88$47,523,671$1,958,787$0$22,078,124
89$52,227,693$1,911,375$0$24,187,101
90$57,407,008$1,857,122$0$26,508,570
91$63,109,954$1,795,552$0$29,064,214
92$69,389,795$1,726,160$0$31,877,934
93$76,305,222$1,648,410$0$34,976,073
94$83,920,909$1,561,736$0$38,387,667
95$92,308,122$1,465,541$0$42,144,720
96$101,545,389$1,359,192$0$46,282,505
97$111,719,246$1,242,020$0$50,839,903
98$122,925,048$1,113,317$0$55,859,764
99$135,267,870$972,337$0$61,389,321
100$148,863,500$818,289$0$67,480,631