Can I retire at age 48 with 1,450,000?

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 $1,450,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$119,740$118,673$117,632$116,617$115,625$112,830
2 years$59,277$58,173$57,103$56,066$55,060$52,260
3 years$39,125$38,017$36,950$35,922$34,932$32,216
4 years$29,052$27,946$26,890$25,880$24,914$22,302
5 years$23,009$21,910$20,868$19,878$18,939$16,439
6 years$18,982$17,891$16,864$15,897$14,986$12,600
7 years$16,106$15,025$14,014$13,070$12,188$9,916
8 years$13,951$12,879$11,885$10,964$10,111$7,953
9 years$12,275$11,214$10,237$9,339$8,515$6,468
10 years$10,935$9,884$8,925$8,050$7,255$5,318
11 years$9,840$8,799$7,857$7,006$6,239$4,409
12 years$8,928$7,898$6,973$6,145$5,407$3,680
13 years$8,156$7,137$6,230$5,425$4,715$3,088
14 years$7,496$6,488$5,598$4,816$4,133$2,603
15 years$6,924$5,927$5,054$4,295$3,639$2,202
16 years$6,424$5,438$4,582$3,846$3,216$1,869
17 years$5,983$5,008$4,169$3,455$2,852$1,590
18 years$5,592$4,627$3,806$3,114$2,536$1,355
19 years$5,242$4,289$3,484$2,814$2,260$1,157
20 years$4,928$3,985$3,198$2,548$2,019$990
21 years$4,644$3,712$2,941$2,313$1,807$847
22 years$4,386$3,465$2,711$2,103$1,619$726
23 years$4,151$3,241$2,503$1,915$1,454$623
24 years$3,936$3,036$2,315$1,747$1,307$535
25 years$3,738$2,850$2,144$1,595$1,176$460
26 years$3,556$2,678$1,989$1,459$1,059$395
27 years$3,388$2,520$1,846$1,335$955$340
28 years$3,232$2,375$1,717$1,223$862$293
29 years$3,087$2,241$1,597$1,122$778$252
30 years$2,952$2,116$1,488$1,029$703$217
31 years$2,825$2,000$1,387$945$635$187
32 years$2,707$1,893$1,294$869$575$161
33 years$2,597$1,792$1,208$799$520$139
34 years$2,493$1,699$1,129$735$471$120
35 years$2,395$1,611$1,056$677$427$103
36 years$2,303$1,529$988$623$387$89
37 years$2,216$1,453$924$574$350$77
38 years$2,134$1,380$866$529$318$66
39 years$2,056$1,313$811$488$288$57
40 years$1,982$1,249$760$450$261$49
41 years$1,912$1,189$713$415$237$42
42 years$1,846$1,132$669$383$215$37
43 years$1,783$1,079$627$354$195$32
44 years$1,723$1,028$589$327$177$27
45 years$1,666$981$553$302$161$23
46 years$1,611$935$519$279$146$20
47 years$1,559$893$488$257$133$17
48 years$1,509$852$458$238$120$15
49 years$1,461$814$431$220$109$13
50 years$1,416$777$405$203$99$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,450,000, adding $3,130 every year, while hoping to spend $20,994 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: 74/17/9 Blend
47$1,450,000$1,450,000$1,450,000$1,450,000
48$1,601,129$1,524,279$1,501,804$1,716,923
49$1,742,106$1,576,631$1,529,777$1,846,045
50$1,896,760$1,630,845$1,557,983$1,984,515
51$2,066,463$1,686,989$1,586,409$2,135,623
52$2,252,726$1,745,136$1,615,038$2,300,615
53$2,457,217$1,805,360$1,643,854$2,480,860
54$2,681,768$1,867,738$1,672,838$2,677,866
55$2,928,403$1,932,351$1,701,973$2,893,295
56$3,199,346$1,999,283$1,731,235$3,128,976
57$3,497,052$2,068,620$1,760,604$3,386,921
58$3,824,222$2,140,453$1,790,054$3,669,349
59$4,183,832$2,214,876$1,819,561$3,978,702
60$4,579,164$2,291,985$1,849,098$4,317,668
61$5,013,830$2,371,884$1,878,633$4,689,211
62$5,491,811$2,454,676$1,908,138$5,096,592
63$6,017,493$2,540,472$1,937,578$5,543,405
64$6,595,708$2,629,387$1,966,917$6,033,608
65$7,231,781$2,721,537$1,996,120$6,571,559
66$7,931,577$2,817,047$2,025,145$7,162,061
67$8,701,561$2,916,045$2,053,950$7,810,405
68$9,548,853$3,018,664$2,082,490$8,522,416
69$10,481,301$3,125,044$2,110,718$9,304,515
70$11,507,550$3,235,327$2,138,583$10,163,773
71$12,637,126$3,349,665$2,166,032$11,107,980
72$13,880,528$3,468,213$2,193,009$12,145,720
73$15,249,320$3,591,134$2,219,454$13,286,448
74$16,756,248$3,718,597$2,245,303$14,540,581
75$18,415,355$3,850,778$2,270,490$15,919,597
76$20,242,115$3,987,859$2,294,945$17,436,140
77$22,253,579$4,130,033$2,318,594$19,104,143
78$24,468,535$4,277,496$2,341,358$20,938,956
79$26,907,688$4,430,454$2,363,155$22,957,490
80$29,593,849$4,589,124$2,383,898$25,178,382
81$32,552,159$4,753,729$2,403,496$27,622,161
82$35,810,318$4,924,500$2,421,852$30,311,450
83$39,398,852$5,101,682$2,438,865$33,271,177
84$43,351,396$5,285,525$2,454,428$36,528,805
85$47,705,016$5,476,294$2,468,429$40,114,598
86$52,500,556$5,674,261$2,480,751$44,061,901
87$57,783,025$5,879,712$2,491,268$48,407,458
88$63,602,019$6,092,943$2,499,851$53,191,753
89$70,012,192$6,314,264$2,506,363$58,459,400
90$77,073,770$6,543,997$2,510,660$64,259,555
91$84,853,119$6,782,478$2,512,592$70,646,384
92$93,423,373$7,030,055$2,512,000$77,679,575
93$102,865,123$7,287,094$2,508,718$85,424,898
94$113,267,178$7,553,974$2,502,572$93,954,825
95$124,727,401$7,831,089$2,493,379$103,349,218
96$137,353,636$8,118,853$2,480,948$113,696,075
97$151,264,725$8,417,695$2,465,077$125,092,369
98$166,591,627$8,728,062$2,445,557$137,644,953
99$183,478,656$9,050,421$2,422,167$151,471,578
100$202,084,846$9,385,258$2,394,676$166,701,996