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%17.3%
1 years$116,436$115,399$114,387$113,400$112,435$109,099
2 years$57,642$56,568$55,528$54,519$53,541$50,206
3 years$38,046$36,968$35,930$34,931$33,968$30,741
4 years$28,250$27,175$26,148$25,166$24,227$21,131
5 years$22,374$21,306$20,292$19,330$18,417$15,462
6 years$18,458$17,398$16,399$15,458$14,572$11,760
7 years$15,662$14,611$13,628$12,709$11,851$9,182
8 years$13,566$12,524$11,557$10,661$9,832$7,304
9 years$11,937$10,904$9,954$9,081$8,280$5,890
10 years$10,634$9,612$8,678$7,828$7,055$4,801
11 years$9,569$8,557$7,640$6,813$6,067$3,945
12 years$8,681$7,680$6,781$5,976$5,258$3,262
13 years$7,931$6,941$6,058$5,276$4,585$2,712
14 years$7,289$6,309$5,443$4,683$4,019$2,264
15 years$6,733$5,763$4,914$4,176$3,539$1,897
16 years$6,247$5,288$4,456$3,740$3,128$1,593
17 years$5,818$4,870$4,054$3,360$2,773$1,342
18 years$5,438$4,500$3,701$3,028$2,466$1,132
19 years$5,098$4,170$3,388$2,736$2,198$956
20 years$4,792$3,875$3,110$2,478$1,963$809
21 years$4,516$3,610$2,860$2,249$1,757$686
22 years$4,265$3,370$2,636$2,045$1,575$581
23 years$4,037$3,151$2,434$1,862$1,414$493
24 years$3,827$2,953$2,251$1,698$1,270$419
25 years$3,635$2,771$2,085$1,551$1,143$356
26 years$3,458$2,604$1,934$1,418$1,030$303
27 years$3,294$2,451$1,796$1,298$928$257
28 years$3,143$2,309$1,669$1,189$838$219
29 years$3,002$2,179$1,553$1,091$756$186
30 years$2,870$2,058$1,447$1,001$684$159
31 years$2,747$1,945$1,349$919$618$135
32 years$2,633$1,840$1,259$845$559$115
33 years$2,525$1,743$1,175$777$506$98
34 years$2,424$1,652$1,098$715$458$83
35 years$2,329$1,567$1,026$658$415$71
36 years$2,239$1,487$960$606$376$61
37 years$2,155$1,412$899$558$341$52
38 years$2,075$1,342$842$515$309$44
39 years$1,999$1,276$789$475$280$38
40 years$1,928$1,214$739$438$254$32
41 years$1,860$1,156$693$404$230$27
42 years$1,795$1,101$650$373$209$23
43 years$1,734$1,049$610$344$190$20
44 years$1,675$1,000$573$318$172$17
45 years$1,620$953$538$293$156$14
46 years$1,566$910$505$271$142$12
47 years$1,516$868$474$250$129$10
48 years$1,467$829$446$231$117$9
49 years$1,421$791$419$214$106$8
50 years$1,377$756$394$198$97$6

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 $2,172 every year, while hoping to spend $28,243 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: 54/32/14 Blend
47$1,410,000$1,410,000$1,410,000$1,410,000
48$1,556,060$1,481,330$1,459,475$1,634,236
49$1,684,728$1,523,865$1,478,318$1,730,244
50$1,825,574$1,567,538$1,496,844$1,831,471
51$1,979,809$1,612,374$1,515,015$1,941,006
52$2,148,769$1,658,400$1,532,788$2,059,648
53$2,333,924$1,705,642$1,550,117$2,188,274
54$2,536,893$1,754,127$1,566,955$2,327,850
55$2,759,460$1,803,883$1,583,251$2,479,439
56$3,003,588$1,854,937$1,598,954$2,644,210
57$3,271,442$1,907,316$1,614,006$2,823,454
58$3,565,403$1,961,049$1,628,349$3,018,588
59$3,888,097$2,016,163$1,641,922$3,231,176
60$4,242,415$2,072,687$1,654,658$3,462,938
61$4,631,542$2,130,650$1,666,490$3,715,768
62$5,058,986$2,190,079$1,677,345$3,991,755
63$5,528,614$2,251,003$1,687,147$4,293,197
64$6,044,681$2,313,452$1,695,815$4,622,626
65$6,611,881$2,377,453$1,703,267$4,982,831
66$7,235,380$2,443,035$1,709,414$5,376,885
67$7,920,873$2,510,228$1,714,163$5,808,171
68$8,674,631$2,579,058$1,717,417$6,280,418
69$9,503,566$2,649,555$1,719,073$6,797,733
70$10,415,293$2,721,746$1,719,025$7,364,642
71$11,418,200$2,795,658$1,717,159$7,986,130
72$12,521,530$2,871,320$1,713,358$8,667,690
73$13,735,469$2,948,758$1,707,499$9,415,373
74$15,071,237$3,027,997$1,699,450$10,235,846
75$16,541,198$3,109,063$1,689,076$11,136,457
76$18,158,975$3,191,982$1,676,235$12,125,300
77$19,939,578$3,276,777$1,660,776$13,211,293
78$21,899,546$3,363,471$1,642,544$14,404,265
79$24,057,105$3,452,086$1,621,374$15,715,044
80$26,432,335$3,542,643$1,597,095$17,155,562
81$29,047,362$3,635,161$1,569,527$18,738,967
82$31,926,569$3,729,660$1,538,482$20,479,747
83$35,096,820$3,826,154$1,503,762$22,393,867
84$38,587,720$3,924,660$1,465,162$24,498,918
85$42,431,888$4,025,190$1,422,467$26,814,285
86$46,665,271$4,127,754$1,375,449$29,361,331
87$51,327,477$4,232,363$1,323,875$32,163,594
88$56,462,152$4,339,021$1,267,497$35,247,014
89$62,117,391$4,447,732$1,206,058$38,640,175
90$68,346,191$4,558,497$1,139,287$42,374,577
91$75,206,953$4,671,314$1,066,904$46,484,931
92$82,764,030$4,786,176$988,613$51,009,489
93$91,088,337$4,903,075$904,108$55,990,402
94$100,258,019$5,021,997$813,066$61,474,123
95$110,359,186$5,142,924$715,153$67,511,839
96$121,486,730$5,265,834$610,018$74,159,962
97$133,745,216$5,390,700$497,294$81,480,654
98$147,249,874$5,517,490$376,599$89,542,420
99$162,127,681$5,646,167$247,534$98,420,751
100$178,518,561$5,776,685$109,683$108,198,839