Can I retire at age 48 with 1,400,000?

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 $1,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$115,611$114,581$113,576$112,596$111,638$108,587
2 years$57,233$56,167$55,134$54,132$53,161$50,109
3 years$37,776$36,706$35,675$34,683$33,727$30,771
4 years$28,050$26,983$25,963$24,987$24,055$21,216
5 years$22,216$21,155$20,148$19,193$18,286$15,573
6 years$18,327$17,274$16,283$15,349$14,469$11,884
7 years$15,551$14,507$13,531$12,619$11,767$9,310
8 years$13,470$12,435$11,475$10,586$9,762$7,432
9 years$11,852$10,827$9,884$9,017$8,221$6,015
10 years$10,558$9,544$8,617$7,772$7,005$4,921
11 years$9,501$8,496$7,586$6,764$6,024$4,059
12 years$8,620$7,626$6,732$5,933$5,221$3,370
13 years$7,875$6,891$6,015$5,238$4,552$2,813
14 years$7,237$6,264$5,405$4,650$3,991$2,358
15 years$6,685$5,722$4,880$4,147$3,514$1,984
16 years$6,203$5,250$4,424$3,713$3,105$1,674
17 years$5,777$4,835$4,026$3,336$2,753$1,416
18 years$5,399$4,468$3,675$3,007$2,448$1,200
19 years$5,062$4,141$3,364$2,717$2,182$1,018
20 years$4,758$3,848$3,088$2,460$1,949$866
21 years$4,484$3,584$2,840$2,233$1,744$737
22 years$4,235$3,346$2,617$2,030$1,563$628
23 years$4,008$3,129$2,417$1,849$1,403$535
24 years$3,800$2,932$2,235$1,686$1,261$457
25 years$3,609$2,751$2,070$1,540$1,135$390
26 years$3,434$2,586$1,920$1,408$1,022$333
27 years$3,271$2,434$1,783$1,289$922$285
28 years$3,120$2,293$1,657$1,181$832$243
29 years$2,980$2,163$1,542$1,083$751$208
30 years$2,850$2,043$1,437$994$679$178
31 years$2,728$1,931$1,339$913$614$152
32 years$2,614$1,827$1,250$839$555$130
33 years$2,507$1,731$1,167$771$502$112
34 years$2,407$1,640$1,090$710$455$96
35 years$2,312$1,556$1,019$653$412$82
36 years$2,224$1,477$953$602$373$70
37 years$2,140$1,402$892$554$338$60
38 years$2,060$1,333$836$511$307$51
39 years$1,985$1,267$783$471$278$44
40 years$1,914$1,206$734$435$252$38
41 years$1,847$1,148$688$401$229$32
42 years$1,782$1,093$646$370$208$28
43 years$1,721$1,042$606$342$188$24
44 years$1,663$993$569$315$171$20
45 years$1,608$947$534$291$155$17
46 years$1,555$903$501$269$141$15
47 years$1,505$862$471$249$128$13
48 years$1,457$823$443$230$116$11
49 years$1,411$786$416$212$106$9
50 years$1,367$751$391$196$96$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,400,000, adding $4,712 every year, while hoping to spend $51,942 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: 38/32/30 Blend
47$1,400,000$1,400,000$1,400,000$1,400,000
48$1,547,660$1,473,460$1,451,760$1,592,514
49$1,650,256$1,490,394$1,445,129$1,642,983
50$1,761,575$1,506,417$1,436,534$1,692,425
51$1,882,453$1,521,429$1,425,855$1,744,888
52$2,013,809$1,535,324$1,412,966$1,800,682
53$2,156,652$1,547,989$1,397,735$1,860,151
54$2,312,094$1,559,305$1,380,023$1,923,678
55$2,481,359$1,569,141$1,359,685$1,991,687
56$2,665,792$1,577,363$1,336,568$2,064,648
57$2,866,873$1,583,825$1,310,515$2,143,083
58$3,086,234$1,588,373$1,281,357$2,227,573
59$3,325,669$1,590,841$1,248,921$2,318,759
60$3,587,152$1,591,057$1,213,024$2,417,353
61$3,872,857$1,588,835$1,173,476$2,524,145
62$4,185,179$1,583,978$1,130,078$2,640,010
63$4,526,752$1,576,278$1,082,620$2,765,916
64$4,900,478$1,565,513$1,030,886$2,902,937
65$5,309,552$1,551,448$974,646$3,052,261
66$5,757,492$1,533,835$913,662$3,215,204
67$6,248,172$1,512,409$847,686$3,393,224
68$6,785,860$1,486,891$776,458$3,587,932
69$7,375,254$1,456,985$699,705$3,801,113
70$8,021,528$1,422,376$617,144$4,034,740
71$8,730,384$1,382,732$528,478$4,290,997
72$9,508,098$1,337,701$433,397$4,572,299
73$10,361,587$1,286,912$331,579$4,881,317
74$11,298,467$1,229,968$222,685$5,221,004
75$12,327,129$1,166,455$106,363$5,594,625
76$13,456,815$1,095,930$0$6,005,787
77$14,697,707$1,017,928$0$6,464,169
78$16,061,022$931,955$0$7,005,192
79$17,559,115$837,489$0$7,599,773
80$19,205,600$733,981$0$8,253,425
81$21,015,473$620,848$0$8,972,233
82$23,005,256$497,475$0$9,762,907
83$25,193,153$363,212$0$10,632,852
84$27,599,218$217,373$0$11,590,233
85$30,245,547$59,233$0$12,644,060
86$33,156,485$0$0$13,804,268
87$36,358,854$0$0$15,121,247
88$39,882,207$0$0$16,593,399
89$43,759,107$0$0$18,213,498
90$48,025,432$0$0$19,996,565
91$52,720,713$0$0$21,959,152
92$57,888,509$0$0$24,119,496
93$63,576,813$0$0$26,497,691
94$69,838,511$0$0$29,115,878
95$76,731,873$0$0$31,998,457
96$84,321,107$0$0$35,172,311
97$92,676,965$0$0$38,667,063
98$101,877,406$0$0$42,515,356
99$112,008,335$0$0$46,753,158
100$123,164,410$0$0$51,420,106