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%18.6%
1 years$119,740$118,673$117,632$116,617$115,625$111,611
2 years$59,277$58,173$57,103$56,066$55,060$51,057
3 years$39,125$38,017$36,950$35,922$34,932$31,067
4 years$29,052$27,946$26,890$25,880$24,914$21,216
5 years$23,009$21,910$20,868$19,878$18,939$15,417
6 years$18,982$17,891$16,864$15,897$14,986$11,643
7 years$16,106$15,025$14,014$13,070$12,188$9,024
8 years$13,951$12,879$11,885$10,964$10,111$7,123
9 years$12,275$11,214$10,237$9,339$8,515$5,699
10 years$10,935$9,884$8,925$8,050$7,255$4,607
11 years$9,840$8,799$7,857$7,006$6,239$3,754
12 years$8,928$7,898$6,973$6,145$5,407$3,078
13 years$8,156$7,137$6,230$5,425$4,715$2,536
14 years$7,496$6,488$5,598$4,816$4,133$2,098
15 years$6,924$5,927$5,054$4,295$3,639$1,742
16 years$6,424$5,438$4,582$3,846$3,216$1,449
17 years$5,983$5,008$4,169$3,455$2,852$1,209
18 years$5,592$4,627$3,806$3,114$2,536$1,010
19 years$5,242$4,289$3,484$2,814$2,260$845
20 years$4,928$3,985$3,198$2,548$2,019$708
21 years$4,644$3,712$2,941$2,313$1,807$594
22 years$4,386$3,465$2,711$2,103$1,619$498
23 years$4,151$3,241$2,503$1,915$1,454$419
24 years$3,936$3,036$2,315$1,747$1,307$352
25 years$3,738$2,850$2,144$1,595$1,176$296
26 years$3,556$2,678$1,989$1,459$1,059$249
27 years$3,388$2,520$1,846$1,335$955$210
28 years$3,232$2,375$1,717$1,223$862$176
29 years$3,087$2,241$1,597$1,122$778$149
30 years$2,952$2,116$1,488$1,029$703$125
31 years$2,825$2,000$1,387$945$635$105
32 years$2,707$1,893$1,294$869$575$89
33 years$2,597$1,792$1,208$799$520$75
34 years$2,493$1,699$1,129$735$471$63
35 years$2,395$1,611$1,056$677$427$53
36 years$2,303$1,529$988$623$387$45
37 years$2,216$1,453$924$574$350$38
38 years$2,134$1,380$866$529$318$32
39 years$2,056$1,313$811$488$288$27
40 years$1,982$1,249$760$450$261$23
41 years$1,912$1,189$713$415$237$19
42 years$1,846$1,132$669$383$215$16
43 years$1,783$1,079$627$354$195$14
44 years$1,723$1,028$589$327$177$11
45 years$1,666$981$553$302$161$10
46 years$1,611$935$519$279$146$8
47 years$1,559$893$488$257$133$7
48 years$1,509$852$458$238$120$6
49 years$1,461$814$431$220$109$5
50 years$1,416$777$405$203$99$4

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 $3,662 every year, while hoping to spend $42,337 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: 48/36/16 Blend
47$1,450,000$1,450,000$1,450,000$1,450,000
48$1,601,677$1,524,827$1,502,352$1,671,216
49$1,720,002$1,554,498$1,507,635$1,749,397
50$1,848,977$1,584,203$1,511,675$1,829,608
51$1,989,644$1,613,900$1,514,388$1,915,783
52$2,143,149$1,643,542$1,515,681$2,008,498
53$2,310,754$1,673,080$1,515,461$2,108,385
54$2,493,849$1,702,459$1,513,626$2,216,141
55$2,693,962$1,731,620$1,510,073$2,332,538
56$2,912,778$1,760,501$1,504,692$2,458,422
57$3,152,150$1,789,034$1,497,368$2,594,731
58$3,414,119$1,817,147$1,487,980$2,742,497
59$3,700,934$1,844,761$1,476,402$2,902,859
60$4,015,068$1,871,794$1,462,500$3,077,073
61$4,359,249$1,898,155$1,446,137$3,266,524
62$4,736,477$1,923,749$1,427,168$3,472,739
63$5,150,058$1,948,474$1,405,439$3,697,404
64$5,603,635$1,972,220$1,380,792$3,942,377
65$6,101,217$1,994,870$1,353,059$4,209,709
66$6,647,222$2,016,299$1,322,067$4,501,658
67$7,246,515$2,036,374$1,287,633$4,820,721
68$7,904,456$2,054,953$1,249,566$5,169,645
69$8,626,949$2,071,884$1,207,665$5,551,464
70$9,420,498$2,087,007$1,161,722$5,969,524
71$10,292,268$2,100,149$1,111,518$6,427,512
72$11,250,150$2,111,128$1,056,825$6,929,498
73$12,302,841$2,119,748$997,405$7,479,967
74$13,459,920$2,125,805$933,006$8,083,868
75$14,731,939$2,129,077$863,369$8,746,658
76$16,130,526$2,129,331$788,222$9,474,353
77$17,668,491$2,126,319$707,278$10,273,589
78$19,359,947$2,119,779$620,242$11,151,682
79$21,220,443$2,109,430$526,802$12,116,702
80$23,267,112$2,094,976$426,634$13,177,545
81$25,518,831$2,076,102$319,399$14,344,021
82$27,996,396$2,052,476$204,743$15,626,947
83$30,722,724$2,023,743$82,298$17,038,252
84$33,723,065$1,989,529$0$18,591,085
85$37,025,239$1,949,437$0$20,308,206
86$40,659,901$1,903,047$0$22,212,873
87$44,660,828$1,849,914$0$24,308,721
88$49,065,239$1,789,566$0$26,615,258
89$53,914,143$1,721,505$0$29,153,987
90$59,252,730$1,645,203$0$31,948,613
91$65,130,792$1,560,101$0$35,025,262
92$71,603,195$1,465,609$0$38,412,733
93$78,730,400$1,361,103$0$42,142,771
94$86,579,026$1,245,922$0$46,250,364
95$95,222,482$1,119,367$0$50,774,079
96$104,741,661$980,702$0$55,756,427
97$115,225,700$829,147$0$61,244,262
98$126,772,824$663,878$0$67,289,229
99$139,491,269$484,024$0$73,948,252
100$153,500,305$288,668$0$81,284,073