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

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 $1,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$115,611$114,581$113,576$112,596$111,638$107,251
2 years$57,233$56,167$55,134$54,132$53,161$48,795
3 years$37,776$36,706$35,675$34,683$33,727$29,520
4 years$28,050$26,983$25,963$24,987$24,055$20,037
5 years$22,216$21,155$20,148$19,193$18,286$14,469
6 years$18,327$17,274$16,283$15,349$14,469$10,855
7 years$15,551$14,507$13,531$12,619$11,767$8,355
8 years$13,470$12,435$11,475$10,586$9,762$6,549
9 years$11,852$10,827$9,884$9,017$8,221$5,201
10 years$10,558$9,544$8,617$7,772$7,005$4,173
11 years$9,501$8,496$7,586$6,764$6,024$3,373
12 years$8,620$7,626$6,732$5,933$5,221$2,744
13 years$7,875$6,891$6,015$5,238$4,552$2,242
14 years$7,237$6,264$5,405$4,650$3,991$1,840
15 years$6,685$5,722$4,880$4,147$3,514$1,514
16 years$6,203$5,250$4,424$3,713$3,105$1,249
17 years$5,777$4,835$4,026$3,336$2,753$1,033
18 years$5,399$4,468$3,675$3,007$2,448$855
19 years$5,062$4,141$3,364$2,717$2,182$709
20 years$4,758$3,848$3,088$2,460$1,949$589
21 years$4,484$3,584$2,840$2,233$1,744$489
22 years$4,235$3,346$2,617$2,030$1,563$407
23 years$4,008$3,129$2,417$1,849$1,403$338
24 years$3,800$2,932$2,235$1,686$1,261$282
25 years$3,609$2,751$2,070$1,540$1,135$235
26 years$3,434$2,586$1,920$1,408$1,022$196
27 years$3,271$2,434$1,783$1,289$922$163
28 years$3,120$2,293$1,657$1,181$832$136
29 years$2,980$2,163$1,542$1,083$751$113
30 years$2,850$2,043$1,437$994$679$94
31 years$2,728$1,931$1,339$913$614$79
32 years$2,614$1,827$1,250$839$555$66
33 years$2,507$1,731$1,167$771$502$55
34 years$2,407$1,640$1,090$710$455$46
35 years$2,312$1,556$1,019$653$412$38
36 years$2,224$1,477$953$602$373$32
37 years$2,140$1,402$892$554$338$27
38 years$2,060$1,333$836$511$307$22
39 years$1,985$1,267$783$471$278$19
40 years$1,914$1,206$734$435$252$15
41 years$1,847$1,148$688$401$229$13
42 years$1,782$1,093$646$370$208$11
43 years$1,721$1,042$606$342$188$9
44 years$1,663$993$569$315$171$8
45 years$1,608$947$534$291$155$6
46 years$1,555$903$501$269$141$5
47 years$1,505$862$471$249$128$4
48 years$1,457$823$443$230$116$4
49 years$1,411$786$416$212$106$3
50 years$1,367$751$391$196$96$3

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 $2,649 every year, while hoping to spend $32,989 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: 65/28/7 Blend
47$1,400,000$1,400,000$1,400,000$1,400,000
48$1,545,532$1,471,332$1,449,632$1,643,873
49$1,668,077$1,508,328$1,463,095$1,746,608
50$1,802,015$1,546,030$1,475,903$1,854,639
51$1,948,474$1,584,439$1,488,000$1,971,799
52$2,108,696$1,623,554$1,499,325$2,098,971
53$2,284,047$1,663,372$1,509,816$2,237,129
54$2,476,032$1,703,890$1,519,408$2,387,346
55$2,686,308$1,745,102$1,528,029$2,550,802
56$2,916,701$1,787,001$1,535,607$2,728,797
57$3,169,220$1,829,580$1,542,066$2,922,763
58$3,446,080$1,872,828$1,547,324$3,134,277
59$3,749,717$1,916,733$1,551,296$3,365,076
60$4,082,817$1,961,283$1,553,894$3,617,073
61$4,448,339$2,006,460$1,555,023$3,892,375
62$4,849,539$2,052,246$1,554,586$4,193,304
63$5,290,007$2,098,621$1,552,480$4,522,416
64$5,773,697$2,145,562$1,548,597$4,882,530
65$6,304,961$2,193,043$1,542,823$5,276,748
66$6,888,599$2,241,034$1,535,039$5,708,491
67$7,529,895$2,289,503$1,525,122$6,181,524
68$8,234,671$2,338,415$1,512,939$6,699,999
69$9,009,340$2,387,731$1,498,356$7,268,489
70$9,860,970$2,437,407$1,481,228$7,892,033
71$10,797,346$2,487,396$1,461,406$8,576,182
72$11,827,044$2,537,648$1,438,732$9,327,055
73$12,959,516$2,588,105$1,413,043$10,151,392
74$14,205,172$2,638,708$1,384,165$11,056,621
75$15,575,484$2,689,389$1,351,919$12,050,926
76$17,083,091$2,740,077$1,316,117$13,143,328
77$18,741,921$2,790,695$1,276,560$14,343,763
78$20,567,315$2,841,158$1,233,044$15,663,184
79$22,576,183$2,891,376$1,185,352$17,113,659
80$24,787,151$2,941,251$1,133,259$18,708,487
81$27,220,746$2,990,678$1,076,529$20,462,324
82$29,899,585$3,039,544$1,014,916$22,391,317
83$32,848,589$3,087,728$948,162$24,513,265
84$36,095,218$3,135,099$875,998$26,847,780
85$39,669,729$3,181,518$798,142$29,416,473
86$43,605,463$3,226,834$714,302$32,243,163
87$47,939,159$3,270,888$624,170$35,354,095
88$52,711,299$3,313,507$527,425$38,778,194
89$57,966,491$3,354,508$423,734$42,547,335
90$63,753,890$3,393,696$312,745$46,696,644
91$70,127,660$3,430,861$194,096$51,264,833
92$77,147,488$3,465,779$67,404$56,294,561
93$84,879,142$3,498,212$0$61,832,841
94$93,395,097$3,527,907$0$67,936,545
95$102,775,215$3,554,593$0$74,663,407
96$113,107,501$3,577,982$0$82,071,339
97$124,488,930$3,597,768$0$90,229,715
98$137,026,366$3,613,623$0$99,214,987
99$150,837,566$3,625,201$0$109,111,401
100$166,052,296$3,632,134$0$120,011,800