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

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 $1,380,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$113,959$112,944$111,954$110,987$110,043$106,563
2 years$56,415$55,365$54,346$53,359$52,401$48,927
3 years$37,237$36,181$35,166$34,188$33,246$29,886
4 years$27,649$26,597$25,592$24,630$23,711$20,491
5 years$21,898$20,853$19,860$18,918$18,025$14,954
6 years$18,065$17,028$16,050$15,129$14,262$11,343
7 years$15,329$14,300$13,338$12,439$11,599$8,831
8 years$13,277$12,258$11,311$10,434$9,623$7,004
9 years$11,683$10,672$9,742$8,888$8,104$5,631
10 years$10,407$9,407$8,494$7,661$6,905$4,575
11 years$9,365$8,375$7,478$6,668$5,938$3,747
12 years$8,497$7,517$6,636$5,848$5,146$3,089
13 years$7,763$6,793$5,929$5,163$4,487$2,559
14 years$7,134$6,175$5,327$4,583$3,934$2,129
15 years$6,590$5,641$4,810$4,088$3,463$1,777
16 years$6,114$5,175$4,361$3,660$3,061$1,488
17 years$5,695$4,766$3,968$3,288$2,714$1,248
18 years$5,322$4,404$3,622$2,964$2,413$1,049
19 years$4,989$4,082$3,316$2,678$2,151$883
20 years$4,690$3,793$3,043$2,425$1,921$744
21 years$4,420$3,533$2,799$2,201$1,719$628
22 years$4,174$3,298$2,580$2,001$1,541$531
23 years$3,951$3,084$2,382$1,823$1,383$449
24 years$3,746$2,890$2,203$1,662$1,243$379
25 years$3,558$2,712$2,041$1,518$1,119$321
26 years$3,384$2,549$1,893$1,388$1,008$272
27 years$3,224$2,399$1,757$1,271$909$230
28 years$3,076$2,260$1,634$1,164$820$195
29 years$2,938$2,132$1,520$1,068$740$165
30 years$2,809$2,014$1,416$980$669$140
31 years$2,689$1,904$1,320$900$605$119
32 years$2,577$1,801$1,232$827$547$101
33 years$2,471$1,706$1,150$760$495$86
34 years$2,372$1,617$1,075$700$448$73
35 years$2,279$1,533$1,005$644$406$62
36 years$2,192$1,455$940$593$368$52
37 years$2,109$1,382$880$547$333$44
38 years$2,031$1,314$824$504$302$38
39 years$1,957$1,249$772$464$274$32
40 years$1,887$1,189$723$428$249$27
41 years$1,820$1,131$678$395$226$23
42 years$1,757$1,078$636$365$205$20
43 years$1,697$1,027$597$337$186$17
44 years$1,640$979$560$311$169$14
45 years$1,585$933$526$287$153$12
46 years$1,533$890$494$265$139$10
47 years$1,484$850$464$245$126$9
48 years$1,436$811$436$226$115$7
49 years$1,391$774$410$209$104$6
50 years$1,347$740$386$193$95$5

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 $3,253 every year, while hoping to spend $37,986 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: 29/42/29 Blend
47$1,380,000$1,380,000$1,380,000$1,380,000
48$1,524,115$1,450,975$1,429,585$1,554,615
49$1,639,158$1,481,656$1,437,060$1,609,759
50$1,764,663$1,512,568$1,443,511$1,665,496
51$1,901,655$1,543,680$1,448,866$1,724,667
52$2,051,266$1,574,963$1,453,045$1,787,596
53$2,214,740$1,606,381$1,455,967$1,854,641
54$2,393,447$1,637,897$1,457,546$1,926,197
55$2,588,896$1,669,471$1,457,690$2,002,702
56$2,802,747$1,701,059$1,456,306$2,084,638
57$3,036,829$1,732,612$1,453,294$2,172,540
58$3,293,155$1,764,080$1,448,550$2,266,996
59$3,573,944$1,795,407$1,441,963$2,368,659
60$3,881,637$1,826,533$1,433,420$2,478,249
61$4,218,924$1,857,394$1,422,799$2,596,560
62$4,588,768$1,887,919$1,409,976$2,724,470
63$4,994,430$1,918,034$1,394,818$2,862,951
64$5,439,504$1,947,660$1,377,187$3,013,074
65$5,927,948$1,976,711$1,356,938$3,176,022
66$6,464,123$2,005,094$1,333,919$3,353,104
67$7,052,830$2,032,710$1,307,972$3,545,763
68$7,699,361$2,059,455$1,278,931$3,755,594
69$8,409,543$2,085,215$1,246,622$3,984,357
70$9,189,796$2,109,870$1,210,864$4,233,997
71$10,047,193$2,133,292$1,171,465$4,506,661
72$10,989,525$2,155,342$1,128,228$4,804,718
73$12,025,377$2,175,874$1,080,945$5,130,786
74$13,164,207$2,194,733$1,029,397$5,487,753
75$14,416,432$2,211,751$973,358$5,878,807
76$15,793,533$2,226,752$912,591$6,307,468
77$17,308,157$2,239,546$846,846$6,777,620
78$18,974,239$2,249,934$775,865$7,293,550
79$20,807,131$2,257,700$699,377$7,859,990
80$22,823,750$2,262,620$617,098$8,482,162
81$25,042,735$2,264,450$528,732$9,165,826
82$27,484,621$2,262,935$433,972$9,917,342
83$30,172,037$2,257,804$332,495$10,743,723
84$33,129,915$2,248,766$223,964$11,652,710
85$36,385,727$2,235,516$108,027$12,652,842
86$39,969,743$2,217,729$0$13,753,541
87$43,915,318$2,195,059$0$14,970,056
88$48,259,204$2,167,141$0$16,344,983
89$53,041,900$2,133,587$0$17,857,630
90$58,308,028$2,093,987$0$19,522,077
91$64,106,761$2,047,907$0$21,353,845
92$70,492,281$1,994,885$0$23,370,046
93$77,524,294$1,934,434$0$25,589,544
94$85,268,588$1,866,037$0$28,033,136
95$93,797,659$1,789,148$0$30,723,748
96$103,191,394$1,703,190$0$33,686,655
97$113,537,820$1,607,551$0$36,949,717
98$124,933,941$1,501,584$0$40,543,649
99$137,486,646$1,384,605$0$44,502,309
100$151,313,725$1,255,891$0$48,863,018