Can I retire at age 48 with 1,420,000?

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 $1,420,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$117,262$116,218$115,199$114,204$113,233$109,564
2 years$58,051$56,969$55,922$54,906$53,920$50,259
3 years$38,316$37,230$36,185$35,179$34,209$30,670
4 years$28,451$27,368$26,333$25,344$24,398$21,008
5 years$22,533$21,457$20,436$19,467$18,547$15,315
6 years$18,589$17,521$16,515$15,568$14,676$11,604
7 years$15,773$14,714$13,724$12,799$11,935$9,024
8 years$13,662$12,613$11,639$10,737$9,902$7,148
9 years$12,021$10,982$10,025$9,145$8,339$5,741
10 years$10,709$9,680$8,740$7,883$7,105$4,658
11 years$9,636$8,617$7,694$6,861$6,110$3,810
12 years$8,743$7,735$6,829$6,018$5,295$3,137
13 years$7,988$6,990$6,101$5,313$4,617$2,595
14 years$7,341$6,354$5,482$4,716$4,048$2,156
15 years$6,781$5,804$4,949$4,206$3,564$1,797
16 years$6,291$5,325$4,487$3,766$3,150$1,502
17 years$5,860$4,904$4,083$3,384$2,793$1,258
18 years$5,476$4,532$3,727$3,049$2,483$1,056
19 years$5,134$4,200$3,412$2,755$2,213$888
20 years$4,826$3,903$3,132$2,496$1,977$747
21 years$4,548$3,635$2,880$2,265$1,769$630
22 years$4,295$3,393$2,655$2,059$1,586$531
23 years$4,065$3,174$2,451$1,875$1,424$448
24 years$3,855$2,974$2,267$1,711$1,280$378
25 years$3,661$2,791$2,100$1,562$1,151$320
26 years$3,483$2,623$1,947$1,428$1,037$270
27 years$3,318$2,468$1,808$1,307$935$229
28 years$3,165$2,326$1,681$1,198$844$193
29 years$3,023$2,194$1,564$1,098$762$164
30 years$2,891$2,072$1,457$1,008$688$139
31 years$2,767$1,959$1,358$926$622$117
32 years$2,651$1,854$1,267$851$563$99
33 years$2,543$1,755$1,183$782$509$84
34 years$2,441$1,664$1,106$720$461$71
35 years$2,346$1,578$1,034$663$418$60
36 years$2,255$1,498$967$610$379$51
37 years$2,170$1,422$905$562$343$43
38 years$2,090$1,352$848$518$311$37
39 years$2,014$1,285$794$478$282$31
40 years$1,941$1,223$744$441$256$26
41 years$1,873$1,164$698$407$232$22
42 years$1,808$1,109$655$375$211$19
43 years$1,746$1,056$614$347$191$16
44 years$1,687$1,007$577$320$173$14
45 years$1,631$960$541$295$158$11
46 years$1,578$916$509$273$143$10
47 years$1,527$874$478$252$130$8
48 years$1,478$835$449$233$118$7
49 years$1,431$797$422$215$107$6
50 years$1,386$761$397$199$97$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,420,000, adding $3,309 every year, while hoping to spend $59,925 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: 67/15/18 Blend
47$1,420,000$1,420,000$1,420,000$1,420,000
48$1,568,253$1,492,993$1,470,983$1,666,195
49$1,664,455$1,502,390$1,456,501$1,741,498
50$1,768,462$1,510,239$1,439,526$1,816,532
51$1,881,005$1,516,401$1,419,910$1,897,117
52$2,002,890$1,520,728$1,397,501$1,983,796
53$2,135,004$1,523,062$1,372,136$2,077,170
54$2,278,320$1,523,238$1,343,647$2,177,899
55$2,433,908$1,521,076$1,311,859$2,286,715
56$2,602,948$1,516,390$1,276,587$2,404,422
57$2,786,734$1,508,978$1,237,638$2,531,910
58$2,986,692$1,498,629$1,194,811$2,670,162
59$3,204,390$1,485,118$1,147,893$2,820,261
60$3,441,556$1,468,206$1,096,665$2,983,402
61$3,700,087$1,447,641$1,040,895$3,160,906
62$3,982,074$1,423,154$980,344$3,354,229
63$4,289,818$1,394,461$914,758$3,564,979
64$4,625,852$1,361,262$843,875$3,794,929
65$4,992,963$1,323,238$767,418$4,046,037
66$5,394,220$1,280,051$685,102$4,320,462
67$5,833,003$1,231,346$596,626$4,620,588
68$6,313,032$1,176,745$501,675$4,949,044
69$6,838,403$1,115,847$399,923$5,308,731
70$7,413,628$1,048,231$291,028$5,702,851
71$8,043,673$973,449$174,632$6,134,933
72$8,734,009$891,030$50,364$6,608,874
73$9,490,661$800,473$0$7,128,972
74$10,320,263$701,251$0$7,715,764
75$11,230,124$592,807$0$8,370,032
76$12,228,292$474,550$0$9,087,942
77$13,323,634$345,858$0$9,875,943
78$14,525,913$206,075$0$10,741,140
79$15,845,889$54,504$0$11,691,366
80$17,295,409$0$0$12,735,254
81$18,887,528$0$0$13,900,408
82$20,636,624$0$0$15,190,418
83$22,558,539$0$0$16,607,982
84$24,670,724$0$0$18,165,984
85$26,992,405$0$0$19,878,618
86$29,544,763$0$0$21,761,522
87$32,351,135$0$0$23,831,923
88$35,437,230$0$0$26,108,802
89$38,831,375$0$0$28,613,073
90$42,564,778$0$0$31,367,777
91$46,671,825$0$0$34,398,300
92$51,190,402$0$0$37,732,613
93$56,162,253$0$0$41,401,535
94$61,633,371$0$0$45,439,024
95$67,654,434$0$0$49,882,493
96$74,281,281$0$0$54,773,171
97$81,575,438$0$0$60,156,482
98$89,604,700$0$0$66,082,478
99$98,443,766$0$0$72,606,312
100$108,174,948$0$0$79,788,755