Can I retire at age 48 with 1,410,000?

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 $1,410,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$116,436$115,399$114,387$113,400$112,435$108,231
2 years$57,642$56,568$55,528$54,519$53,541$49,353
3 years$38,046$36,968$35,930$34,931$33,968$29,929
4 years$28,250$27,175$26,148$25,166$24,227$20,366
5 years$22,374$21,306$20,292$19,330$18,417$14,746
6 years$18,458$17,398$16,399$15,458$14,572$11,093
7 years$15,662$14,611$13,628$12,709$11,851$8,563
8 years$13,566$12,524$11,557$10,661$9,832$6,731
9 years$11,937$10,904$9,954$9,081$8,280$5,363
10 years$10,634$9,612$8,678$7,828$7,055$4,316
11 years$9,569$8,557$7,640$6,813$6,067$3,501
12 years$8,681$7,680$6,781$5,976$5,258$2,857
13 years$7,931$6,941$6,058$5,276$4,585$2,343
14 years$7,289$6,309$5,443$4,683$4,019$1,929
15 years$6,733$5,763$4,914$4,176$3,539$1,593
16 years$6,247$5,288$4,456$3,740$3,128$1,319
17 years$5,818$4,870$4,054$3,360$2,773$1,094
18 years$5,438$4,500$3,701$3,028$2,466$910
19 years$5,098$4,170$3,388$2,736$2,198$757
20 years$4,792$3,875$3,110$2,478$1,963$631
21 years$4,516$3,610$2,860$2,249$1,757$526
22 years$4,265$3,370$2,636$2,045$1,575$439
23 years$4,037$3,151$2,434$1,862$1,414$367
24 years$3,827$2,953$2,251$1,698$1,270$307
25 years$3,635$2,771$2,085$1,551$1,143$257
26 years$3,458$2,604$1,934$1,418$1,030$215
27 years$3,294$2,451$1,796$1,298$928$180
28 years$3,143$2,309$1,669$1,189$838$150
29 years$3,002$2,179$1,553$1,091$756$126
30 years$2,870$2,058$1,447$1,001$684$105
31 years$2,747$1,945$1,349$919$618$88
32 years$2,633$1,840$1,259$845$559$74
33 years$2,525$1,743$1,175$777$506$62
34 years$2,424$1,652$1,098$715$458$52
35 years$2,329$1,567$1,026$658$415$43
36 years$2,239$1,487$960$606$376$36
37 years$2,155$1,412$899$558$341$31
38 years$2,075$1,342$842$515$309$26
39 years$1,999$1,276$789$475$280$21
40 years$1,928$1,214$739$438$254$18
41 years$1,860$1,156$693$404$230$15
42 years$1,795$1,101$650$373$209$13
43 years$1,734$1,049$610$344$190$11
44 years$1,675$1,000$573$318$172$9
45 years$1,620$953$538$293$156$7
46 years$1,566$910$505$271$142$6
47 years$1,516$868$474$250$129$5
48 years$1,467$829$446$231$117$4
49 years$1,421$791$419$214$106$4
50 years$1,377$756$394$198$97$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,410,000, adding $5,062 every year, while hoping to spend $39,937 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: 47/33/20 Blend
47$1,410,000$1,410,000$1,410,000$1,410,000
48$1,559,041$1,484,311$1,462,456$1,623,234
49$1,675,571$1,514,550$1,468,956$1,698,779
50$1,802,648$1,544,932$1,474,335$1,776,321
51$1,941,306$1,575,422$1,478,513$1,859,654
52$2,092,684$1,605,981$1,481,407$1,949,336
53$2,258,032$1,636,569$1,482,930$2,045,984
54$2,438,731$1,667,141$1,482,987$2,150,278
55$2,636,298$1,697,647$1,481,484$2,262,966
56$2,852,405$1,728,036$1,478,318$2,384,876
57$3,088,892$1,758,251$1,473,383$2,516,919
58$3,347,784$1,788,231$1,466,567$2,660,101
59$3,631,315$1,817,911$1,457,753$2,815,530
60$3,941,940$1,847,220$1,446,819$2,984,430
61$4,282,366$1,876,082$1,433,636$3,168,150
62$4,655,574$1,904,416$1,418,069$3,368,177
63$5,064,845$1,932,136$1,399,977$3,586,154
64$5,513,796$1,959,147$1,379,214$3,823,888
65$6,006,409$1,985,351$1,355,623$4,083,378
66$6,547,069$2,010,640$1,329,043$4,366,823
67$7,140,610$2,034,900$1,299,305$4,676,654
68$7,792,352$2,058,010$1,266,232$5,015,546
69$8,508,159$2,079,840$1,229,637$5,386,455
70$9,294,489$2,100,250$1,189,328$5,792,637
71$10,158,458$2,119,093$1,145,101$6,237,683
72$11,107,903$2,136,211$1,096,745$6,725,557
73$12,151,460$2,151,437$1,044,037$7,260,626
74$13,298,642$2,164,591$986,746$7,847,709
75$14,559,931$2,175,482$924,628$8,492,117
76$15,946,873$2,183,910$857,433$9,199,710
77$17,472,190$2,189,658$784,893$9,976,948
78$19,149,901$2,192,498$706,734$10,830,955
79$20,995,447$2,192,187$622,666$11,769,586
80$23,025,845$2,188,467$532,388$12,801,502
81$25,259,843$2,181,064$435,585$13,936,255
82$27,718,098$2,169,687$331,928$15,184,375
83$30,423,370$2,154,027$221,073$16,557,472
84$33,400,737$2,133,758$102,663$18,068,350
85$36,677,833$2,108,533$0$19,731,123
86$40,285,104$2,077,983$0$21,566,411
87$44,256,100$2,041,720$0$23,610,022
88$48,627,788$1,999,330$0$25,859,029
89$53,440,902$1,950,377$0$28,334,378
90$58,740,325$1,894,396$0$31,059,153
91$64,575,516$1,830,899$0$34,058,802
92$71,000,972$1,759,367$0$37,361,371
93$78,076,745$1,679,250$0$40,997,773
94$85,869,007$1,589,967$0$45,002,079
95$94,450,677$1,490,906$0$49,411,842
96$103,902,102$1,381,417$0$54,268,454
97$114,311,822$1,260,812$0$59,617,533
98$125,777,402$1,128,366$0$65,509,361
99$138,406,353$983,312$0$71,999,355
100$152,317,147$824,840$0$79,148,596