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%16%
1 years$118,914$117,855$116,821$115,813$114,828$112,006
2 years$58,868$57,772$56,709$55,679$54,680$51,855
3 years$38,856$37,755$36,695$35,674$34,691$31,951
4 years$28,851$27,754$26,704$25,701$24,742$22,107
5 years$22,850$21,759$20,724$19,741$18,808$16,287
6 years$18,851$17,768$16,748$15,787$14,883$12,476
7 years$15,995$14,922$13,917$12,979$12,103$9,813
8 years$13,855$12,791$11,803$10,888$10,041$7,866
9 years$12,191$11,136$10,166$9,274$8,456$6,394
10 years$10,860$9,816$8,863$7,994$7,205$5,253
11 years$9,772$8,739$7,803$6,958$6,196$4,353
12 years$8,866$7,843$6,925$6,103$5,370$3,631
13 years$8,100$7,088$6,187$5,388$4,683$3,045
14 years$7,444$6,443$5,559$4,783$4,105$2,565
15 years$6,876$5,886$5,019$4,265$3,614$2,168
16 years$6,380$5,400$4,550$3,819$3,194$1,838
17 years$5,942$4,973$4,141$3,431$2,832$1,563
18 years$5,554$4,596$3,780$3,092$2,518$1,331
19 years$5,206$4,259$3,460$2,794$2,245$1,136
20 years$4,894$3,958$3,176$2,531$2,005$971
21 years$4,612$3,687$2,921$2,297$1,794$831
22 years$4,356$3,441$2,692$2,088$1,608$712
23 years$4,123$3,218$2,486$1,902$1,444$610
24 years$3,909$3,016$2,299$1,735$1,298$523
25 years$3,713$2,830$2,129$1,584$1,168$449
26 years$3,532$2,660$1,975$1,448$1,052$386
27 years$3,364$2,503$1,834$1,326$948$332
28 years$3,209$2,359$1,705$1,215$856$285
29 years$3,065$2,225$1,586$1,114$773$245
30 years$2,931$2,101$1,478$1,022$698$211
31 years$2,806$1,986$1,378$939$631$182
32 years$2,689$1,880$1,285$863$571$156
33 years$2,579$1,780$1,200$794$517$135
34 years$2,476$1,687$1,121$730$468$116
35 years$2,379$1,600$1,048$672$424$100
36 years$2,287$1,519$981$619$384$86
37 years$2,201$1,442$918$570$348$74
38 years$2,119$1,371$860$526$315$64
39 years$2,042$1,304$805$485$286$55
40 years$1,969$1,240$755$447$259$47
41 years$1,899$1,181$708$412$235$41
42 years$1,833$1,124$664$381$214$35
43 years$1,771$1,071$623$351$194$30
44 years$1,711$1,021$585$324$176$26
45 years$1,654$974$549$300$160$23
46 years$1,600$929$516$277$145$19
47 years$1,548$886$485$256$132$17
48 years$1,499$846$455$236$120$14
49 years$1,451$808$428$218$109$12
50 years$1,406$772$402$202$99$11

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 $5,768 every year, while hoping to spend $47,609 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: 46/35/19 Blend
47$1,440,000$1,440,000$1,440,000$1,440,000
48$1,592,830$1,516,510$1,494,190$1,657,211
49$1,704,643$1,540,163$1,493,589$1,726,445
50$1,826,265$1,563,380$1,491,373$1,796,299
51$1,958,647$1,586,088$1,487,437$1,871,086
52$2,102,834$1,608,212$1,481,671$1,951,288
53$2,259,977$1,629,668$1,473,961$2,037,434
54$2,431,342$1,650,369$1,464,186$2,130,110
55$2,618,323$1,670,221$1,452,221$2,229,965
56$2,822,454$1,689,124$1,437,932$2,337,713
57$3,045,424$1,706,971$1,421,183$2,454,144
58$3,289,092$1,723,647$1,401,827$2,580,130
59$3,555,504$1,739,031$1,379,713$2,716,634
60$3,846,915$1,752,993$1,354,683$2,864,720
61$4,165,805$1,765,394$1,326,570$3,025,563
62$4,514,907$1,776,088$1,295,200$3,200,459
63$4,897,229$1,784,918$1,260,391$3,390,841
64$5,316,085$1,791,718$1,221,952$3,598,289
65$5,775,124$1,796,310$1,179,685$3,824,550
66$6,278,363$1,798,506$1,133,382$4,071,551
67$6,830,229$1,798,106$1,082,823$4,341,419
68$7,435,598$1,794,898$1,027,783$4,636,502
69$8,099,837$1,788,656$968,022$4,959,395
70$8,828,862$1,779,142$903,292$5,312,957
71$9,629,187$1,766,101$833,333$5,700,348
72$10,507,988$1,749,264$757,874$6,125,052
73$11,473,170$1,728,345$676,630$6,590,918
74$12,533,442$1,703,043$589,306$7,102,191
75$13,698,397$1,673,036$495,592$7,663,555
76$14,978,604$1,637,985$395,164$8,280,179
77$16,385,705$1,597,530$287,686$8,957,769
78$17,932,528$1,551,290$172,804$9,702,616
79$19,633,204$1,498,862$50,152$10,521,666
80$21,503,304$1,439,819$0$11,422,578
81$23,559,981$1,373,710$0$12,430,173
82$25,822,133$1,300,056$0$13,549,320
83$28,310,585$1,218,353$0$14,780,209
84$31,048,279$1,128,066$0$16,134,275
85$34,060,493$1,028,631$0$17,624,124
86$37,375,079$919,450$0$19,263,655
87$41,022,727$799,892$0$21,068,192
88$45,037,249$669,291$0$23,054,630
89$49,455,903$526,942$0$25,241,597
90$54,319,744$372,100$0$27,649,630
91$59,674,005$203,981$0$30,301,371
92$65,568,531$21,753$0$33,221,780
93$72,058,244$0$0$36,438,376
94$79,203,661$0$0$40,049,074
95$87,071,469$0$0$44,034,246
96$95,735,147$0$0$48,422,761
97$105,275,666$0$0$53,255,661
98$115,782,248$0$0$58,578,171
99$127,353,207$0$0$64,440,125
100$140,096,880$0$0$70,896,439