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%14.2%
1 years$117,262$116,218$115,199$114,204$113,233$111,265
2 years$58,051$56,969$55,922$54,906$53,920$51,945
3 years$38,316$37,230$36,185$35,179$34,209$32,287
4 years$28,451$27,368$26,333$25,344$24,398$22,544
5 years$22,533$21,457$20,436$19,467$18,547$16,766
6 years$18,589$17,521$16,515$15,568$14,676$12,970
7 years$15,773$14,714$13,724$12,799$11,935$10,305
8 years$13,662$12,613$11,639$10,737$9,902$8,347
9 years$12,021$10,982$10,025$9,145$8,339$6,859
10 years$10,709$9,680$8,740$7,883$7,105$5,698
11 years$9,636$8,617$7,694$6,861$6,110$4,775
12 years$8,743$7,735$6,829$6,018$5,295$4,030
13 years$7,988$6,990$6,101$5,313$4,617$3,421
14 years$7,341$6,354$5,482$4,716$4,048$2,917
15 years$6,781$5,804$4,949$4,206$3,564$2,497
16 years$6,291$5,325$4,487$3,766$3,150$2,144
17 years$5,860$4,904$4,083$3,384$2,793$1,846
18 years$5,476$4,532$3,727$3,049$2,483$1,594
19 years$5,134$4,200$3,412$2,755$2,213$1,378
20 years$4,826$3,903$3,132$2,496$1,977$1,194
21 years$4,548$3,635$2,880$2,265$1,769$1,036
22 years$4,295$3,393$2,655$2,059$1,586$900
23 years$4,065$3,174$2,451$1,875$1,424$782
24 years$3,855$2,974$2,267$1,711$1,280$681
25 years$3,661$2,791$2,100$1,562$1,151$593
26 years$3,483$2,623$1,947$1,428$1,037$517
27 years$3,318$2,468$1,808$1,307$935$451
28 years$3,165$2,326$1,681$1,198$844$393
29 years$3,023$2,194$1,564$1,098$762$343
30 years$2,891$2,072$1,457$1,008$688$300
31 years$2,767$1,959$1,358$926$622$262
32 years$2,651$1,854$1,267$851$563$229
33 years$2,543$1,755$1,183$782$509$200
34 years$2,441$1,664$1,106$720$461$175
35 years$2,346$1,578$1,034$663$418$153
36 years$2,255$1,498$967$610$379$134
37 years$2,170$1,422$905$562$343$117
38 years$2,090$1,352$848$518$311$102
39 years$2,014$1,285$794$478$282$90
40 years$1,941$1,223$744$441$256$78
41 years$1,873$1,164$698$407$232$69
42 years$1,808$1,109$655$375$211$60
43 years$1,746$1,056$614$347$191$53
44 years$1,687$1,007$577$320$173$46
45 years$1,631$960$541$295$158$40
46 years$1,578$916$509$273$143$35
47 years$1,527$874$478$252$130$31
48 years$1,478$835$449$233$118$27
49 years$1,431$797$422$215$107$24
50 years$1,386$761$397$199$97$21

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 $2,899 every year, while hoping to spend $21,943 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: 83/12/5 Blend
47$1,420,000$1,420,000$1,420,000$1,420,000
48$1,567,830$1,492,570$1,470,560$1,697,632
49$1,704,402$1,542,359$1,496,477$1,832,584
50$1,854,168$1,593,852$1,522,526$1,977,465
51$2,018,452$1,647,110$1,548,690$2,135,855
52$2,198,711$1,702,194$1,574,947$2,309,093
53$2,396,548$1,759,171$1,601,277$2,498,654
54$2,613,733$1,818,107$1,627,656$2,706,163
55$2,852,211$1,879,072$1,654,061$2,933,408
56$3,114,129$1,942,138$1,680,463$3,182,358
57$3,401,848$2,007,381$1,706,837$3,455,183
58$3,717,972$2,074,878$1,733,152$3,754,273
59$4,065,368$2,144,711$1,759,376$4,082,258
60$4,447,197$2,216,962$1,785,475$4,442,037
61$4,866,937$2,291,720$1,811,415$4,836,803
62$5,328,423$2,369,073$1,837,156$5,270,072
63$5,835,881$2,449,116$1,862,660$5,745,718
64$6,393,964$2,531,946$1,887,882$6,268,009
65$7,007,800$2,617,663$1,912,778$6,841,645
66$7,683,040$2,706,373$1,937,300$7,471,805
67$8,425,908$2,798,183$1,961,398$8,164,194
68$9,243,264$2,893,207$1,985,017$8,925,097
69$10,142,664$2,991,561$2,008,102$9,761,438
70$11,132,435$3,093,367$2,030,593$10,680,846
71$12,221,752$3,198,751$2,052,427$11,691,725
72$13,420,725$3,307,844$2,073,538$12,803,335
73$14,740,492$3,420,781$2,093,854$14,025,878
74$16,193,327$3,537,704$2,113,303$15,370,594
75$17,792,754$3,658,760$2,131,807$16,849,869
76$19,553,676$3,784,100$2,149,283$18,477,346
77$21,492,513$3,913,883$2,165,646$20,268,062
78$23,627,359$4,048,272$2,180,805$22,238,582
79$25,978,151$4,187,439$2,194,663$24,407,158
80$28,566,859$4,331,560$2,207,121$26,793,904
81$31,417,691$4,480,820$2,218,072$29,420,978
82$34,557,325$4,635,409$2,227,407$32,312,801
83$38,015,154$4,795,527$2,235,008$35,496,276
84$41,823,572$4,961,379$2,240,752$39,001,052
85$46,018,270$5,133,180$2,244,511$42,859,796
86$50,638,581$5,311,154$2,246,150$47,108,505
87$55,727,847$5,495,531$2,245,527$51,786,844
88$61,333,828$5,686,553$2,242,493$56,938,520
89$67,509,155$5,884,470$2,236,892$62,611,696
90$74,311,822$6,089,542$2,228,561$68,859,442
91$81,805,737$6,302,040$2,217,328$75,740,237
92$90,061,327$6,522,244$2,203,013$83,318,524
93$99,156,196$6,750,448$2,185,427$91,665,312
94$109,175,863$6,986,955$2,164,374$100,858,850
95$120,214,567$7,232,082$2,139,647$110,985,363
96$132,376,156$7,486,157$2,111,028$122,139,869
97$145,775,067$7,749,522$2,078,291$134,427,069
98$160,537,409$8,022,533$2,041,198$147,962,343
99$176,802,148$8,305,560$1,999,501$162,872,831
100$194,722,423$8,598,988$1,952,940$179,298,640