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%17.9%
1 years$118,914$117,855$116,821$115,813$114,828$111,152
2 years$58,868$57,772$56,709$55,679$54,680$51,011
3 years$38,856$37,755$36,695$35,674$34,691$31,143
4 years$28,851$27,754$26,704$25,701$24,742$21,343
5 years$22,850$21,759$20,724$19,741$18,808$15,567
6 years$18,851$17,768$16,748$15,787$14,883$11,802
7 years$15,995$14,922$13,917$12,979$12,103$9,183
8 years$13,855$12,791$11,803$10,888$10,041$7,279
9 years$12,191$11,136$10,166$9,274$8,456$5,849
10 years$10,860$9,816$8,863$7,994$7,205$4,749
11 years$9,772$8,739$7,803$6,958$6,196$3,887
12 years$8,866$7,843$6,925$6,103$5,370$3,202
13 years$8,100$7,088$6,187$5,388$4,683$2,651
14 years$7,444$6,443$5,559$4,783$4,105$2,204
15 years$6,876$5,886$5,019$4,265$3,614$1,838
16 years$6,380$5,400$4,550$3,819$3,194$1,538
17 years$5,942$4,973$4,141$3,431$2,832$1,289
18 years$5,554$4,596$3,780$3,092$2,518$1,083
19 years$5,206$4,259$3,460$2,794$2,245$911
20 years$4,894$3,958$3,176$2,531$2,005$767
21 years$4,612$3,687$2,921$2,297$1,794$647
22 years$4,356$3,441$2,692$2,088$1,608$546
23 years$4,123$3,218$2,486$1,902$1,444$461
24 years$3,909$3,016$2,299$1,735$1,298$390
25 years$3,713$2,830$2,129$1,584$1,168$330
26 years$3,532$2,660$1,975$1,448$1,052$279
27 years$3,364$2,503$1,834$1,326$948$236
28 years$3,209$2,359$1,705$1,215$856$200
29 years$3,065$2,225$1,586$1,114$773$169
30 years$2,931$2,101$1,478$1,022$698$143
31 years$2,806$1,986$1,378$939$631$121
32 years$2,689$1,880$1,285$863$571$103
33 years$2,579$1,780$1,200$794$517$87
34 years$2,476$1,687$1,121$730$468$74
35 years$2,379$1,600$1,048$672$424$63
36 years$2,287$1,519$981$619$384$53
37 years$2,201$1,442$918$570$348$45
38 years$2,119$1,371$860$526$315$38
39 years$2,042$1,304$805$485$286$32
40 years$1,969$1,240$755$447$259$27
41 years$1,899$1,181$708$412$235$23
42 years$1,833$1,124$664$381$214$20
43 years$1,771$1,071$623$351$194$17
44 years$1,711$1,021$585$324$176$14
45 years$1,654$974$549$300$160$12
46 years$1,600$929$516$277$145$10
47 years$1,548$886$485$256$132$9
48 years$1,499$846$455$236$120$7
49 years$1,451$808$428$218$109$6
50 years$1,406$772$402$202$99$5

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 $3,381 every year, while hoping to spend $51,136 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: 40/36/24 Blend
47$1,440,000$1,440,000$1,440,000$1,440,000
48$1,590,368$1,514,048$1,491,728$1,642,575
49$1,698,177$1,533,828$1,487,292$1,700,316
50$1,815,269$1,552,863$1,480,994$1,757,670
51$1,942,536$1,571,063$1,472,717$1,818,707
52$2,080,961$1,588,332$1,462,340$1,883,794
53$2,231,625$1,604,565$1,449,734$1,953,335
54$2,395,715$1,619,654$1,434,765$2,027,781
55$2,574,542$1,633,481$1,417,294$2,107,629
56$2,769,545$1,645,921$1,397,173$2,193,430
57$2,982,309$1,656,842$1,374,248$2,285,796
58$3,214,578$1,666,101$1,348,359$2,385,401
59$3,468,273$1,673,547$1,319,337$2,492,994
60$3,745,508$1,679,022$1,287,005$2,609,402
61$4,048,609$1,682,354$1,251,180$2,735,542
62$4,380,141$1,683,363$1,211,668$2,872,427
63$4,742,924$1,681,857$1,168,268$3,021,178
64$5,140,066$1,677,631$1,120,768$3,183,036
65$5,574,986$1,670,468$1,068,947$3,359,372
66$6,051,454$1,660,140$1,012,576$3,551,704
67$6,573,617$1,646,402$951,412$3,761,707
68$7,146,046$1,628,996$885,205$3,991,238
69$7,773,773$1,607,647$813,690$4,242,344
70$8,462,341$1,582,066$736,592$4,517,293
71$9,217,857$1,551,943$653,624$4,818,588
72$10,047,044$1,516,954$564,486$5,148,996
73$10,957,310$1,476,753$468,864$5,511,574
74$11,956,816$1,430,974$366,431$5,909,701
75$13,054,550$1,379,230$256,846$6,347,108
76$14,260,414$1,321,113$139,750$6,827,916
77$15,585,317$1,256,188$14,773$7,356,679
78$17,041,276$1,183,998$0$7,938,424
79$18,641,530$1,104,057$0$8,609,075
80$20,400,663$1,015,854$0$9,350,403
81$22,334,747$918,846$0$10,165,499
82$24,461,482$812,461$0$11,061,949
83$26,800,376$696,094$0$12,048,123
84$29,372,917$569,105$0$13,133,250
85$32,202,782$430,819$0$14,327,511
86$35,316,060$280,523$0$15,642,135
87$38,741,492$117,463$0$17,089,508
88$42,510,750$0$0$18,683,287
89$46,658,726$0$0$20,461,970
90$51,223,871$0$0$22,470,972
91$56,248,548$0$0$24,682,431
92$61,779,436$0$0$27,116,921
93$67,867,972$0$0$29,797,111
94$74,570,830$0$0$32,747,980
95$81,950,460$0$0$35,997,051
96$90,075,675$0$0$39,574,654
97$99,022,299$0$0$43,514,209
98$108,873,883$0$0$47,852,541
99$119,722,496$0$0$52,630,229
100$131,669,587$0$0$57,891,988