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%14.9%
1 years$113,959$112,944$111,954$110,987$110,043$107,821
2 years$56,415$55,365$54,346$53,359$52,401$50,173
3 years$37,237$36,181$35,166$34,188$33,246$31,080
4 years$27,649$26,597$25,592$24,630$23,711$21,624
5 years$21,898$20,853$19,860$18,918$18,025$16,023
6 years$18,065$17,028$16,050$15,129$14,262$12,348
7 years$15,329$14,300$13,338$12,439$11,599$9,773
8 years$13,277$12,258$11,311$10,434$9,623$7,884
9 years$11,683$10,672$9,742$8,888$8,104$6,451
10 years$10,407$9,407$8,494$7,661$6,905$5,336
11 years$9,365$8,375$7,478$6,668$5,938$4,453
12 years$8,497$7,517$6,636$5,848$5,146$3,741
13 years$7,763$6,793$5,929$5,163$4,487$3,160
14 years$7,134$6,175$5,327$4,583$3,934$2,682
15 years$6,590$5,641$4,810$4,088$3,463$2,285
16 years$6,114$5,175$4,361$3,660$3,061$1,952
17 years$5,695$4,766$3,968$3,288$2,714$1,673
18 years$5,322$4,404$3,622$2,964$2,413$1,437
19 years$4,989$4,082$3,316$2,678$2,151$1,236
20 years$4,690$3,793$3,043$2,425$1,921$1,065
21 years$4,420$3,533$2,799$2,201$1,719$919
22 years$4,174$3,298$2,580$2,001$1,541$794
23 years$3,951$3,084$2,382$1,823$1,383$687
24 years$3,746$2,890$2,203$1,662$1,243$594
25 years$3,558$2,712$2,041$1,518$1,119$515
26 years$3,384$2,549$1,893$1,388$1,008$446
27 years$3,224$2,399$1,757$1,271$909$387
28 years$3,076$2,260$1,634$1,164$820$336
29 years$2,938$2,132$1,520$1,068$740$291
30 years$2,809$2,014$1,416$980$669$253
31 years$2,689$1,904$1,320$900$605$220
32 years$2,577$1,801$1,232$827$547$191
33 years$2,471$1,706$1,150$760$495$166
34 years$2,372$1,617$1,075$700$448$144
35 years$2,279$1,533$1,005$644$406$125
36 years$2,192$1,455$940$593$368$109
37 years$2,109$1,382$880$547$333$95
38 years$2,031$1,314$824$504$302$82
39 years$1,957$1,249$772$464$274$72
40 years$1,887$1,189$723$428$249$62
41 years$1,820$1,131$678$395$226$54
42 years$1,757$1,078$636$365$205$47
43 years$1,697$1,027$597$337$186$41
44 years$1,640$979$560$311$169$36
45 years$1,585$933$526$287$153$31
46 years$1,533$890$494$265$139$27
47 years$1,484$850$464$245$126$24
48 years$1,436$811$436$226$115$20
49 years$1,391$774$410$209$104$18
50 years$1,347$740$386$193$95$15

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 $4,895 every year, while hoping to spend $25,062 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: 45/38/17 Blend
47$1,380,000$1,380,000$1,380,000$1,380,000
48$1,525,809$1,452,669$1,431,279$1,586,826
49$1,654,776$1,497,184$1,452,561$1,674,491
50$1,796,057$1,543,040$1,473,716$1,766,608
51$1,950,883$1,590,277$1,494,714$1,865,965
52$2,120,607$1,638,935$1,515,521$1,973,246
53$2,306,721$1,689,055$1,536,103$2,089,199
54$2,510,868$1,740,680$1,556,424$2,214,652
55$2,734,857$1,793,854$1,576,444$2,350,510
56$2,980,681$1,848,621$1,596,124$2,497,775
57$3,250,536$1,905,029$1,615,419$2,657,544
58$3,546,839$1,963,124$1,634,284$2,831,029
59$3,872,255$2,022,955$1,652,671$3,019,561
60$4,229,717$2,084,572$1,670,528$3,224,606
61$4,622,460$2,148,028$1,687,802$3,447,779
62$5,054,043$2,213,374$1,704,436$3,690,858
63$5,528,391$2,280,664$1,720,370$3,955,798
64$6,049,826$2,349,956$1,735,541$4,244,755
65$6,623,109$2,421,305$1,749,883$4,560,101
66$7,253,488$2,494,770$1,763,325$4,904,450
67$7,946,742$2,570,412$1,775,795$5,280,678
68$8,709,240$2,648,293$1,787,215$5,691,955
69$9,547,999$2,728,476$1,797,503$6,141,772
70$10,470,750$2,811,025$1,806,573$6,633,973
71$11,486,009$2,896,009$1,814,337$7,172,793
72$12,603,164$2,983,495$1,820,699$7,762,898
73$13,832,554$3,073,554$1,825,560$8,409,426
74$15,185,574$3,166,257$1,828,815$9,118,038
75$16,674,777$3,261,679$1,830,356$9,894,970
76$18,313,999$3,359,895$1,830,066$10,747,092
77$20,118,480$3,460,983$1,827,827$11,681,973
78$22,105,016$3,565,023$1,823,511$12,707,951
79$24,292,115$3,672,096$1,816,985$13,834,213
80$26,700,168$3,782,286$1,808,111$15,070,881
81$29,351,645$3,895,678$1,796,743$16,429,106
82$32,271,307$4,012,360$1,782,728$17,921,175
83$35,486,437$4,132,422$1,765,906$19,560,625
84$39,027,098$4,255,956$1,746,109$21,362,374
85$42,926,421$4,383,056$1,723,162$23,342,855
86$47,220,909$4,513,819$1,696,881$25,520,179
87$51,950,788$4,648,343$1,667,073$27,914,299
88$57,160,386$4,786,729$1,633,537$30,547,201
89$62,898,547$4,929,080$1,596,063$33,443,113
90$69,219,096$5,075,502$1,554,428$36,628,729
91$76,181,345$5,226,104$1,508,403$40,133,465
92$83,850,654$5,380,994$1,457,746$43,989,735
93$92,299,044$5,540,287$1,402,204$48,233,254
94$101,605,883$5,704,097$1,341,515$52,903,382
95$111,858,628$5,872,543$1,275,400$58,043,486
96$123,153,655$6,045,744$1,203,573$63,701,357
97$135,597,166$6,223,824$1,125,730$69,929,657
98$149,306,192$6,406,907$1,041,558$76,786,417
99$164,409,701$6,595,122$950,727$84,335,584
100$181,049,807$6,788,599$852,893$92,647,625