Can I retire at age 48 with 1,460,000?

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 $1,460,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$120,565$119,492$118,444$117,421$116,422$114,353
2 years$59,686$58,574$57,497$56,452$55,439$53,361
3 years$39,395$38,279$37,204$36,170$35,173$33,151
4 years$29,252$28,139$27,075$26,058$25,086$23,136
5 years$23,168$22,061$21,011$20,015$19,070$17,197
6 years$19,113$18,015$16,980$16,006$15,089$13,296
7 years$16,217$15,129$14,111$13,160$12,272$10,559
8 years$14,047$12,968$11,967$11,039$10,180$8,547
9 years$12,360$11,291$10,307$9,403$8,573$7,019
10 years$11,011$9,953$8,986$8,106$7,305$5,828
11 years$9,908$8,860$7,911$7,054$6,283$4,881
12 years$8,989$7,952$7,021$6,188$5,444$4,117
13 years$8,213$7,187$6,273$5,463$4,748$3,492
14 years$7,548$6,532$5,636$4,849$4,162$2,975
15 years$6,972$5,968$5,089$4,325$3,664$2,545
16 years$6,468$5,475$4,614$3,872$3,238$2,184
17 years$6,025$5,042$4,198$3,479$2,871$1,880
18 years$5,631$4,659$3,832$3,135$2,553$1,621
19 years$5,279$4,318$3,508$2,833$2,276$1,401
20 years$4,962$4,013$3,220$2,566$2,033$1,213
21 years$4,676$3,738$2,962$2,329$1,819$1,051
22 years$4,416$3,489$2,730$2,117$1,631$912
23 years$4,180$3,263$2,520$1,928$1,464$793
24 years$3,963$3,057$2,331$1,759$1,316$689
25 years$3,764$2,869$2,159$1,606$1,184$600
26 years$3,581$2,697$2,002$1,469$1,066$522
27 years$3,411$2,538$1,859$1,344$961$455
28 years$3,254$2,391$1,728$1,232$867$397
29 years$3,108$2,256$1,608$1,129$783$346
30 years$2,972$2,131$1,498$1,037$708$302
31 years$2,845$2,014$1,397$952$640$264
32 years$2,726$1,906$1,303$875$579$230
33 years$2,615$1,805$1,217$805$524$201
34 years$2,510$1,710$1,137$740$474$176
35 years$2,412$1,622$1,063$681$430$153
36 years$2,319$1,540$994$628$389$134
37 years$2,231$1,463$931$578$353$117
38 years$2,149$1,390$872$533$320$102
39 years$2,070$1,322$817$491$290$90
40 years$1,996$1,257$765$453$263$78
41 years$1,926$1,197$718$418$239$68
42 years$1,859$1,140$673$386$217$60
43 years$1,795$1,086$632$356$197$52
44 years$1,735$1,035$593$329$178$46
45 years$1,677$987$557$304$162$40
46 years$1,622$942$523$281$147$35
47 years$1,570$899$491$259$134$31
48 years$1,519$858$462$240$121$27
49 years$1,471$819$434$221$110$23
50 years$1,425$783$408$205$100$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,460,000, adding $5,279 every year, while hoping to spend $45,739 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: 45/43/12 Blend
47$1,460,000$1,460,000$1,460,000$1,460,000
48$1,614,365$1,536,985$1,514,355$1,681,275
49$1,730,365$1,563,632$1,516,420$1,754,916
50$1,856,663$1,590,051$1,517,021$1,829,648
51$1,994,262$1,616,183$1,516,061$1,909,664
52$2,144,266$1,641,965$1,513,438$1,995,471
53$2,307,887$1,667,327$1,509,045$2,087,625
54$2,486,463$1,692,197$1,502,769$2,186,744
55$2,681,462$1,716,495$1,494,492$2,293,505
56$2,894,506$1,740,138$1,484,092$2,408,659
57$3,127,375$1,763,034$1,471,438$2,533,033
58$3,382,032$1,785,088$1,456,396$2,667,539
59$3,660,638$1,806,195$1,438,824$2,813,185
60$3,965,571$1,826,247$1,418,572$2,971,082
61$4,299,450$1,845,125$1,395,486$3,142,459
62$4,665,162$1,862,703$1,369,403$3,328,667
63$5,065,882$1,878,849$1,340,151$3,531,202
64$5,505,108$1,893,419$1,307,553$3,751,712
65$5,986,695$1,906,263$1,271,421$3,992,016
66$6,514,886$1,917,217$1,231,562$4,254,123
67$7,094,355$1,926,112$1,187,770$4,540,247
68$7,730,251$1,932,763$1,139,832$4,852,832
69$8,428,244$1,936,976$1,087,524$5,194,577
70$9,194,583$1,938,546$1,030,614$5,568,456
71$10,036,148$1,937,252$968,857$5,977,754
72$10,960,519$1,932,861$901,998$6,426,093
73$11,976,048$1,925,127$829,771$6,917,470
74$13,091,934$1,913,788$751,897$7,456,294
75$14,318,311$1,898,564$668,086$8,047,430
76$15,666,346$1,879,160$578,034$8,696,243
77$17,148,338$1,855,264$481,423$9,408,654
78$18,777,841$1,826,544$377,922$10,191,193
79$20,569,784$1,792,648$267,187$11,051,062
80$22,540,619$1,753,205$148,854$11,996,208
81$24,708,470$1,707,819$22,548$13,035,393
82$27,093,305$1,656,074$0$14,178,284
83$29,717,128$1,597,527$0$15,449,912
84$32,604,180$1,531,711$0$16,851,681
85$35,781,173$1,458,131$0$18,393,721
86$39,277,536$1,376,264$0$20,090,391
87$43,125,700$1,285,556$0$21,957,524
88$47,361,395$1,185,421$0$24,012,573
89$52,023,992$1,075,242$0$26,274,784
90$57,156,873$954,363$0$28,765,374
91$62,807,841$822,094$0$31,507,736
92$69,029,569$677,704$0$34,527,662
93$75,880,095$520,422$0$37,853,584
94$83,423,375$349,432$0$41,516,850
95$91,729,880$163,875$0$45,552,018
96$100,877,263$0$0$49,997,187
97$110,951,095$0$0$54,911,939
98$122,045,664$0$0$60,410,312
99$134,264,873$0$0$66,466,285
100$147,723,213$0$0$73,136,632