Can I retire at age 48 with 1,430,000?

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 $1,430,000?

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$118,088$117,036$116,010$115,008$114,030$112,049
2 years$58,459$57,371$56,316$55,292$54,300$52,310
3 years$38,586$37,492$36,440$35,426$34,450$32,514
4 years$28,651$27,561$26,519$25,523$24,570$22,703
5 years$22,692$21,608$20,580$19,604$18,678$16,884
6 years$18,720$17,645$16,631$15,677$14,779$13,061
7 years$15,884$14,818$13,821$12,889$12,019$10,378
8 years$13,758$12,702$11,721$10,812$9,971$8,406
9 years$12,106$11,059$10,095$9,210$8,397$6,907
10 years$10,785$9,748$8,801$7,939$7,155$5,738
11 years$9,704$8,678$7,749$6,909$6,153$4,809
12 years$8,805$7,789$6,877$6,060$5,332$4,059
13 years$8,044$7,039$6,144$5,350$4,650$3,445
14 years$7,393$6,398$5,520$4,749$4,076$2,937
15 years$6,828$5,845$4,984$4,236$3,589$2,514
16 years$6,335$5,363$4,519$3,793$3,172$2,159
17 years$5,901$4,939$4,112$3,408$2,812$1,859
18 years$5,515$4,564$3,754$3,071$2,501$1,605
19 years$5,170$4,230$3,436$2,775$2,229$1,388
20 years$4,860$3,930$3,154$2,513$1,991$1,202
21 years$4,580$3,661$2,901$2,281$1,782$1,043
22 years$4,326$3,417$2,674$2,074$1,597$906
23 years$4,094$3,196$2,469$1,889$1,434$788
24 years$3,882$2,995$2,283$1,723$1,289$686
25 years$3,687$2,810$2,114$1,573$1,159$597
26 years$3,507$2,641$1,961$1,438$1,044$520
27 years$3,341$2,486$1,821$1,317$942$454
28 years$3,187$2,342$1,693$1,206$850$396
29 years$3,044$2,210$1,575$1,106$767$346
30 years$2,911$2,087$1,467$1,015$693$302
31 years$2,786$1,973$1,368$932$627$264
32 years$2,670$1,867$1,276$857$567$230
33 years$2,561$1,768$1,192$788$513$201
34 years$2,458$1,675$1,114$725$465$176
35 years$2,362$1,589$1,041$667$421$154
36 years$2,271$1,508$974$615$381$135
37 years$2,185$1,432$912$566$346$118
38 years$2,104$1,361$854$522$313$103
39 years$2,028$1,295$800$481$284$90
40 years$1,955$1,232$750$444$258$79
41 years$1,886$1,172$703$410$234$69
42 years$1,821$1,117$659$378$212$60
43 years$1,758$1,064$619$349$192$53
44 years$1,699$1,014$581$322$175$46
45 years$1,643$967$545$298$159$41
46 years$1,589$922$512$275$144$35
47 years$1,537$880$481$254$131$31
48 years$1,488$840$452$235$119$27
49 years$1,441$803$425$217$108$24
50 years$1,396$767$400$200$98$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,430,000, adding $4,046 every year, while hoping to spend $59,637 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: 65/8/27 Blend
47$1,430,000$1,430,000$1,430,000$1,430,000
48$1,580,033$1,504,243$1,482,078$1,671,250
49$1,677,744$1,514,498$1,468,275$1,743,609
50$1,783,421$1,523,256$1,452,010$1,815,661
51$1,897,816$1,530,382$1,433,138$1,893,097
52$2,021,753$1,535,730$1,411,508$1,976,455
53$2,156,138$1,539,147$1,386,959$2,066,325
54$2,301,967$1,540,468$1,359,326$2,163,361
55$2,460,337$1,539,520$1,328,432$2,268,286
56$2,632,452$1,536,118$1,294,096$2,381,897
57$2,819,640$1,530,066$1,256,126$2,505,073
58$3,023,360$1,521,155$1,214,323$2,638,788
59$3,245,217$1,509,166$1,168,476$2,784,114
60$3,486,977$1,493,864$1,118,369$2,942,237
61$3,750,586$1,475,000$1,063,771$3,114,464
62$4,038,183$1,452,312$1,004,445$3,302,241
63$4,352,123$1,425,521$940,139$3,507,161
64$4,695,000$1,394,332$870,594$3,730,985
65$5,069,667$1,358,431$795,536$3,975,654
66$5,479,268$1,317,489$714,681$4,243,313
67$5,927,261$1,271,154$627,731$4,536,327
68$6,417,457$1,219,055$534,375$4,857,309
69$6,954,049$1,160,800$434,288$5,209,138
70$7,541,657$1,095,975$327,132$5,594,994
71$8,185,367$1,024,139$212,552$6,018,387
72$8,890,782$944,828$90,179$6,483,185
73$9,664,069$857,553$0$6,993,661
74$10,512,025$761,793$0$7,566,167
75$11,442,132$657,002$0$8,222,742
76$12,462,633$542,598$0$8,943,231
77$13,582,607$417,971$0$9,734,088
78$14,812,055$282,474$0$10,602,419
79$16,161,994$135,425$0$11,556,058
80$17,644,559$0$0$12,603,636
81$19,273,117$0$0$13,756,768
82$21,062,396$0$0$15,036,899
83$23,028,619$0$0$16,443,726
84$25,189,660$0$0$17,990,052
85$27,565,208$0$0$19,689,978
86$30,176,958$0$0$21,559,043
87$33,048,809$0$0$23,614,364
88$36,207,094$0$0$25,874,800
89$39,680,825$0$0$28,361,133
90$43,501,964$0$0$31,096,255
91$47,705,732$0$0$34,105,391
92$52,330,930$0$0$37,416,335
93$57,420,315$0$0$41,059,709
94$63,020,992$0$0$45,069,254
95$69,184,869$0$0$49,482,150
96$75,969,137$0$0$54,339,359
97$83,436,813$0$0$59,686,020
98$91,657,336$0$0$65,571,867
99$100,707,215$0$0$72,051,704
100$110,670,759$0$0$79,185,917