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

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 $1,420,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$117,262$116,218$115,199$114,204$113,233$110,540
2 years$58,051$56,969$55,922$54,906$53,920$51,224
3 years$38,316$37,230$36,185$35,179$34,209$31,592
4 years$28,451$27,368$26,333$25,344$24,398$21,881
5 years$22,533$21,457$20,436$19,467$18,547$16,137
6 years$18,589$17,521$16,515$15,568$14,676$12,375
7 years$15,773$14,714$13,724$12,799$11,935$9,745
8 years$13,662$12,613$11,639$10,737$9,902$7,820
9 years$12,021$10,982$10,025$9,145$8,339$6,364
10 years$10,709$9,680$8,740$7,883$7,105$5,235
11 years$9,636$8,617$7,694$6,861$6,110$4,343
12 years$8,743$7,735$6,829$6,018$5,295$3,628
13 years$7,988$6,990$6,101$5,313$4,617$3,046
14 years$7,341$6,354$5,482$4,716$4,048$2,570
15 years$6,781$5,804$4,949$4,206$3,564$2,175
16 years$6,291$5,325$4,487$3,766$3,150$1,847
17 years$5,860$4,904$4,083$3,384$2,793$1,572
18 years$5,476$4,532$3,727$3,049$2,483$1,341
19 years$5,134$4,200$3,412$2,755$2,213$1,146
20 years$4,826$3,903$3,132$2,496$1,977$981
21 years$4,548$3,635$2,880$2,265$1,769$841
22 years$4,295$3,393$2,655$2,059$1,586$721
23 years$4,065$3,174$2,451$1,875$1,424$619
24 years$3,855$2,974$2,267$1,711$1,280$532
25 years$3,661$2,791$2,100$1,562$1,151$458
26 years$3,483$2,623$1,947$1,428$1,037$394
27 years$3,318$2,468$1,808$1,307$935$339
28 years$3,165$2,326$1,681$1,198$844$292
29 years$3,023$2,194$1,564$1,098$762$252
30 years$2,891$2,072$1,457$1,008$688$217
31 years$2,767$1,959$1,358$926$622$187
32 years$2,651$1,854$1,267$851$563$161
33 years$2,543$1,755$1,183$782$509$139
34 years$2,441$1,664$1,106$720$461$120
35 years$2,346$1,578$1,034$663$418$104
36 years$2,255$1,498$967$610$379$89
37 years$2,170$1,422$905$562$343$77
38 years$2,090$1,352$848$518$311$67
39 years$2,014$1,285$794$478$282$57
40 years$1,941$1,223$744$441$256$50
41 years$1,873$1,164$698$407$232$43
42 years$1,808$1,109$655$375$211$37
43 years$1,746$1,056$614$347$191$32
44 years$1,687$1,007$577$320$173$28
45 years$1,631$960$541$295$158$24
46 years$1,578$916$509$273$143$21
47 years$1,527$874$478$252$130$18
48 years$1,478$835$449$233$118$15
49 years$1,431$797$422$215$107$13
50 years$1,386$761$397$199$97$11

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 $6,894 every year, while hoping to spend $37,881 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: 63/11/26 Blend
47$1,420,000$1,420,000$1,420,000$1,420,000
48$1,571,951$1,496,691$1,474,681$1,659,750
49$1,691,985$1,529,724$1,483,778$1,753,057
50$1,822,993$1,563,106$1,491,910$1,850,147
51$1,966,054$1,596,814$1,499,004$1,955,367
52$2,122,356$1,630,822$1,504,986$2,069,519
53$2,293,208$1,665,104$1,509,774$2,193,486
54$2,480,049$1,699,628$1,513,286$2,328,242
55$2,684,466$1,734,362$1,515,433$2,474,861
56$2,908,204$1,769,268$1,516,122$2,634,526
57$3,153,185$1,804,307$1,515,257$2,808,542
58$3,421,528$1,839,435$1,512,736$2,998,345
59$3,715,563$1,874,607$1,508,452$3,205,520
60$4,037,858$1,909,771$1,502,293$3,431,816
61$4,391,242$1,944,872$1,494,142$3,679,156
62$4,778,829$1,979,851$1,483,876$3,949,664
63$5,204,050$2,014,643$1,471,366$4,245,680
64$5,670,683$2,049,181$1,456,477$4,569,782
65$6,182,891$2,083,390$1,439,067$4,924,816
66$6,745,259$2,117,189$1,418,989$5,313,914
67$7,362,838$2,150,493$1,396,087$5,740,532
68$8,041,191$2,183,211$1,370,200$6,208,478
69$8,786,447$2,215,243$1,341,156$6,721,950
70$9,605,359$2,246,484$1,308,779$7,285,578
71$10,505,364$2,276,820$1,272,881$7,904,461
72$11,494,658$2,306,131$1,233,270$8,584,223
73$12,582,269$2,334,287$1,189,740$9,331,063
74$13,778,144$2,361,151$1,142,080$10,151,813
75$15,093,241$2,386,574$1,090,066$11,054,006
76$16,539,635$2,410,399$1,033,466$12,045,942
77$18,130,627$2,432,458$972,037$13,136,773
78$19,880,875$2,452,573$905,525$14,336,586
79$21,806,528$2,470,552$833,663$15,656,499
80$23,925,378$2,486,193$756,175$17,108,767
81$26,257,030$2,499,280$672,770$18,706,898
82$28,823,085$2,509,583$583,146$20,465,782
83$31,647,345$2,516,858$486,987$22,401,830
84$34,756,035$2,520,845$383,962$24,533,131
85$38,178,052$2,521,268$273,726$26,879,623
86$41,945,238$2,517,834$155,920$29,463,281
87$46,092,676$2,510,232$30,168$32,308,327
88$50,659,028$2,498,132$0$35,441,458
89$55,686,891$2,481,184$0$38,920,958
90$61,223,208$2,459,015$0$42,761,208
91$67,319,700$2,431,232$0$46,989,690
92$74,033,364$2,397,416$0$51,645,928
93$81,427,003$2,357,127$0$56,773,470
94$89,569,825$2,309,893$0$62,420,309
95$98,538,088$2,255,219$0$68,639,331
96$108,415,826$2,192,578$0$75,488,815
97$119,295,640$2,121,413$0$83,032,984
98$131,279,569$2,041,136$0$91,342,613
99$144,480,055$1,951,122$0$100,495,691
100$159,021,005$1,850,711$0$110,578,165