Can I retire at age 48 with 1,390,000?

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 $1,390,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$114,785$113,762$112,765$111,791$110,841$107,724
2 years$56,824$55,766$54,740$53,746$52,781$49,665
3 years$37,507$36,444$35,421$34,435$33,487$30,469
4 years$27,850$26,790$25,777$24,809$23,883$20,986
5 years$22,057$21,004$20,004$19,056$18,155$15,388
6 years$18,196$17,151$16,166$15,239$14,366$11,730
7 years$15,440$14,403$13,434$12,529$11,683$9,179
8 years$13,374$12,346$11,393$10,510$9,692$7,319
9 years$11,767$10,750$9,813$8,952$8,162$5,917
10 years$10,483$9,475$8,555$7,717$6,955$4,834
11 years$9,433$8,435$7,532$6,716$5,981$3,983
12 years$8,558$7,571$6,684$5,891$5,183$3,302
13 years$7,819$6,842$5,972$5,201$4,520$2,753
14 years$7,186$6,219$5,366$4,617$3,962$2,304
15 years$6,637$5,681$4,845$4,117$3,489$1,936
16 years$6,158$5,213$4,392$3,687$3,083$1,631
17 years$5,736$4,801$3,997$3,312$2,734$1,377
18 years$5,361$4,436$3,649$2,985$2,431$1,165
19 years$5,025$4,111$3,340$2,697$2,167$988
20 years$4,724$3,820$3,065$2,443$1,935$838
21 years$4,452$3,559$2,820$2,217$1,732$712
22 years$4,205$3,322$2,599$2,016$1,552$606
23 years$3,979$3,107$2,399$1,836$1,393$516
24 years$3,773$2,911$2,219$1,674$1,252$440
25 years$3,584$2,732$2,055$1,529$1,127$375
26 years$3,409$2,567$1,906$1,398$1,015$320
27 years$3,248$2,416$1,770$1,280$915$273
28 years$3,098$2,277$1,646$1,173$826$233
29 years$2,959$2,148$1,531$1,075$746$199
30 years$2,829$2,028$1,426$987$674$170
31 years$2,709$1,918$1,330$906$609$145
32 years$2,595$1,814$1,241$833$551$124
33 years$2,489$1,718$1,158$766$499$106
34 years$2,390$1,628$1,082$705$452$91
35 years$2,296$1,545$1,012$649$409$77
36 years$2,208$1,466$947$597$371$66
37 years$2,124$1,392$886$551$336$57
38 years$2,046$1,323$830$507$304$48
39 years$1,971$1,258$777$468$276$41
40 years$1,900$1,197$729$432$250$35
41 years$1,833$1,140$683$398$227$30
42 years$1,770$1,085$641$367$206$26
43 years$1,709$1,034$601$339$187$22
44 years$1,652$986$565$313$170$19
45 years$1,597$940$530$289$154$16
46 years$1,544$897$498$267$140$14
47 years$1,494$856$468$247$127$12
48 years$1,447$817$440$228$115$10
49 years$1,401$780$413$211$105$9
50 years$1,357$745$388$195$95$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,390,000, adding $4,781 every year, while hoping to spend $26,560 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: 59/11/30 Blend
47$1,390,000$1,390,000$1,390,000$1,390,000
48$1,536,712$1,463,042$1,441,497$1,614,523
49$1,665,197$1,506,471$1,461,527$1,711,793
50$1,805,897$1,551,138$1,481,338$1,814,637
51$1,960,030$1,597,076$1,500,895$1,926,285
52$2,128,938$1,644,318$1,520,160$2,047,602
53$2,314,098$1,692,897$1,539,093$2,179,539
54$2,517,136$1,742,849$1,557,653$2,323,144
55$2,739,844$1,794,209$1,575,795$2,479,575
56$2,984,197$1,847,014$1,593,472$2,650,103
57$3,252,367$1,901,300$1,610,636$2,836,131
58$3,546,750$1,957,105$1,627,234$3,039,205
59$3,869,983$2,014,468$1,643,211$3,261,027
60$4,224,972$2,073,428$1,658,509$3,503,472
61$4,614,918$2,134,024$1,673,068$3,768,608
62$5,043,347$2,196,299$1,686,823$4,058,712
63$5,514,143$2,260,292$1,699,707$4,376,294
64$6,031,587$2,326,047$1,711,648$4,724,119
65$6,600,392$2,393,607$1,722,571$5,105,234
66$7,225,753$2,463,015$1,732,398$5,522,998
67$7,913,393$2,534,316$1,741,047$5,981,111
68$8,669,616$2,607,554$1,748,429$6,483,649
69$9,501,370$2,682,777$1,754,454$7,035,108
70$10,416,307$2,760,031$1,759,026$7,640,439
71$11,422,860$2,839,362$1,762,043$8,305,098
72$12,530,321$2,920,820$1,763,400$9,035,101
73$13,748,925$3,004,452$1,762,986$9,837,072
74$15,089,954$3,090,308$1,760,685$10,718,317
75$16,565,835$3,178,439$1,756,373$11,686,884
76$18,190,262$3,268,894$1,749,923$12,751,643
77$19,978,323$3,361,725$1,741,201$13,922,368
78$21,946,646$3,456,983$1,730,065$15,209,831
79$24,113,549$3,554,721$1,716,367$16,625,905
80$26,499,220$3,654,991$1,699,954$18,183,672
81$29,125,900$3,757,845$1,680,662$19,897,550
82$32,018,101$3,863,338$1,658,323$21,783,429
83$35,202,828$3,971,523$1,632,759$23,858,820
84$38,709,843$4,082,454$1,603,782$26,143,020
85$42,571,938$4,196,185$1,571,199$28,657,297
86$46,825,247$4,312,769$1,534,806$31,425,088
87$51,509,589$4,432,262$1,494,389$34,472,223
88$56,668,842$4,554,718$1,449,726$37,827,167
89$62,351,355$4,680,190$1,400,583$41,521,290
90$68,610,406$4,808,732$1,346,715$45,589,164
91$75,504,705$4,940,398$1,287,868$50,068,887
92$83,098,948$5,075,241$1,223,775$55,002,447
93$91,464,426$5,213,313$1,154,157$60,436,116
94$100,679,699$5,354,666$1,078,722$66,420,887
95$110,831,335$5,499,352$997,166$73,012,959
96$122,014,731$5,647,419$909,170$80,274,262
97$134,335,009$5,798,918$814,403$88,273,048
98$147,908,010$5,953,896$712,516$97,084,534
99$162,861,389$6,112,399$603,148$106,791,609
100$179,335,816$6,274,471$485,918$117,485,624