Can I retire at age 48 with 1,440,000?

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 $1,440,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$118,914$117,855$116,821$115,813$114,828$114,248
2 years$58,868$57,772$56,709$55,679$54,680$54,095
3 years$38,856$37,755$36,695$35,674$34,691$34,119
4 years$28,851$27,754$26,704$25,701$24,742$24,187
5 years$22,850$21,759$20,724$19,741$18,808$18,272
6 years$18,851$17,768$16,748$15,787$14,883$14,366
7 years$15,995$14,922$13,917$12,979$12,103$11,606
8 years$13,855$12,791$11,803$10,888$10,041$9,564
9 years$12,191$11,136$10,166$9,274$8,456$7,998
10 years$10,860$9,816$8,863$7,994$7,205$6,767
11 years$9,772$8,739$7,803$6,958$6,196$5,777
12 years$8,866$7,843$6,925$6,103$5,370$4,970
13 years$8,100$7,088$6,187$5,388$4,683$4,301
14 years$7,444$6,443$5,559$4,783$4,105$3,741
15 years$6,876$5,886$5,019$4,265$3,614$3,268
16 years$6,380$5,400$4,550$3,819$3,194$2,865
17 years$5,942$4,973$4,141$3,431$2,832$2,520
18 years$5,554$4,596$3,780$3,092$2,518$2,222
19 years$5,206$4,259$3,460$2,794$2,245$1,964
20 years$4,894$3,958$3,176$2,531$2,005$1,739
21 years$4,612$3,687$2,921$2,297$1,794$1,543
22 years$4,356$3,441$2,692$2,088$1,608$1,371
23 years$4,123$3,218$2,486$1,902$1,444$1,220
24 years$3,909$3,016$2,299$1,735$1,298$1,086
25 years$3,713$2,830$2,129$1,584$1,168$969
26 years$3,532$2,660$1,975$1,448$1,052$864
27 years$3,364$2,503$1,834$1,326$948$772
28 years$3,209$2,359$1,705$1,215$856$690
29 years$3,065$2,225$1,586$1,114$773$617
30 years$2,931$2,101$1,478$1,022$698$552
31 years$2,806$1,986$1,378$939$631$495
32 years$2,689$1,880$1,285$863$571$443
33 years$2,579$1,780$1,200$794$517$397
34 years$2,476$1,687$1,121$730$468$356
35 years$2,379$1,600$1,048$672$424$319
36 years$2,287$1,519$981$619$384$286
37 years$2,201$1,442$918$570$348$257
38 years$2,119$1,371$860$526$315$231
39 years$2,042$1,304$805$485$286$207
40 years$1,969$1,240$755$447$259$186
41 years$1,899$1,181$708$412$235$167
42 years$1,833$1,124$664$381$214$150
43 years$1,771$1,071$623$351$194$135
44 years$1,711$1,021$585$324$176$121
45 years$1,654$974$549$300$160$109
46 years$1,600$929$516$277$145$98
47 years$1,548$886$485$256$132$88
48 years$1,499$846$455$236$120$79
49 years$1,451$808$428$218$109$71
50 years$1,406$772$402$202$99$64

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,440,000, adding $6,115 every year, while hoping to spend $41,346 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: 44/29/27 Blend
47$1,440,000$1,440,000$1,440,000$1,440,000
48$1,593,188$1,516,868$1,494,548$1,650,567
49$1,711,701$1,547,202$1,500,623$1,722,383
50$1,840,917$1,577,638$1,505,516$1,795,756
51$1,981,883$1,608,135$1,509,144$1,874,495
52$2,135,754$1,638,652$1,511,419$1,959,122
53$2,303,799$1,669,144$1,512,250$2,050,215
54$2,487,415$1,699,561$1,511,539$2,148,409
55$2,688,142$1,729,850$1,509,186$2,254,406
56$2,907,675$1,759,955$1,505,086$2,368,980
57$3,147,877$1,789,812$1,499,126$2,492,987
58$3,410,805$1,819,357$1,491,191$2,627,369
59$3,698,719$1,848,517$1,481,157$2,773,169
60$4,014,111$1,877,217$1,468,899$2,931,535
61$4,359,723$1,905,374$1,454,280$3,103,735
62$4,738,578$1,932,900$1,437,161$3,291,167
63$5,154,001$1,959,701$1,417,395$3,495,377
64$5,609,659$1,985,676$1,394,827$3,718,066
65$6,109,587$2,010,717$1,369,297$3,961,116
66$6,658,232$2,034,709$1,340,635$4,226,598
67$7,260,491$2,057,529$1,308,666$4,516,803
68$7,921,759$2,079,045$1,273,203$4,834,253
69$8,647,977$2,099,118$1,234,055$5,181,734
70$9,445,694$2,117,598$1,191,019$5,562,319
71$10,322,119$2,134,325$1,143,883$5,979,397
72$11,285,198$2,149,130$1,092,426$6,436,707
73$12,343,684$2,161,832$1,036,417$6,938,373
74$13,507,218$2,172,240$975,615$7,488,946
75$14,786,423$2,180,149$909,768$8,093,444
76$16,193,004$2,185,342$838,610$8,757,401
77$17,739,854$2,187,588$761,868$9,486,925
78$19,441,181$2,186,641$679,252$10,288,748
79$21,312,637$2,182,242$590,462$11,170,297
80$23,371,467$2,174,113$495,184$12,139,762
81$25,636,674$2,161,962$393,090$13,206,178
82$28,129,194$2,145,477$283,838$14,379,504
83$30,872,094$2,124,328$167,069$15,670,727
84$33,890,793$2,098,165$42,410$17,091,960
85$37,213,295$2,066,617$0$18,656,561
86$40,870,461$2,029,290$0$20,405,369
87$44,896,292$1,985,769$0$22,343,254
88$49,328,254$1,935,613$0$24,476,016
89$54,207,632$1,878,354$0$26,823,530
90$59,579,915$1,813,498$0$29,407,703
91$65,495,229$1,740,521$0$32,252,677
92$72,008,807$1,658,871$0$35,385,067
93$79,181,511$1,567,962$0$38,834,203
94$87,080,407$1,467,174$0$42,632,415
95$95,779,395$1,355,852$0$46,815,335
96$105,359,909$1,233,305$0$51,422,237
97$115,911,682$1,098,799$0$56,496,408
98$127,533,596$951,562$0$62,085,555
99$140,334,611$790,777$0$68,242,263
100$154,434,796$615,580$0$75,024,486