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%11.4%
1 years$120,565$119,492$118,444$117,421$116,422$115,737
2 years$59,686$58,574$57,497$56,452$55,439$54,748
3 years$39,395$38,279$37,204$36,170$35,173$34,497
4 years$29,252$28,139$27,075$26,058$25,086$24,430
5 years$23,168$22,061$21,011$20,015$19,070$18,437
6 years$19,113$18,015$16,980$16,006$15,089$14,480
7 years$16,217$15,129$14,111$13,160$12,272$11,685
8 years$14,047$12,968$11,967$11,039$10,180$9,618
9 years$12,360$11,291$10,307$9,403$8,573$8,034
10 years$11,011$9,953$8,986$8,106$7,305$6,789
11 years$9,908$8,860$7,911$7,054$6,283$5,789
12 years$8,989$7,952$7,021$6,188$5,444$4,974
13 years$8,213$7,187$6,273$5,463$4,748$4,299
14 years$7,548$6,532$5,636$4,849$4,162$3,734
15 years$6,972$5,968$5,089$4,325$3,664$3,258
16 years$6,468$5,475$4,614$3,872$3,238$2,852
17 years$6,025$5,042$4,198$3,479$2,871$2,505
18 years$5,631$4,659$3,832$3,135$2,553$2,206
19 years$5,279$4,318$3,508$2,833$2,276$1,947
20 years$4,962$4,013$3,220$2,566$2,033$1,722
21 years$4,676$3,738$2,962$2,329$1,819$1,525
22 years$4,416$3,489$2,730$2,117$1,631$1,353
23 years$4,180$3,263$2,520$1,928$1,464$1,202
24 years$3,963$3,057$2,331$1,759$1,316$1,069
25 years$3,764$2,869$2,159$1,606$1,184$952
26 years$3,581$2,697$2,002$1,469$1,066$848
27 years$3,411$2,538$1,859$1,344$961$756
28 years$3,254$2,391$1,728$1,232$867$675
29 years$3,108$2,256$1,608$1,129$783$603
30 years$2,972$2,131$1,498$1,037$708$539
31 years$2,845$2,014$1,397$952$640$481
32 years$2,726$1,906$1,303$875$579$431
33 years$2,615$1,805$1,217$805$524$385
34 years$2,510$1,710$1,137$740$474$345
35 years$2,412$1,622$1,063$681$430$309
36 years$2,319$1,540$994$628$389$276
37 years$2,231$1,463$931$578$353$248
38 years$2,149$1,390$872$533$320$222
39 years$2,070$1,322$817$491$290$199
40 years$1,996$1,257$765$453$263$178
41 years$1,926$1,197$718$418$239$160
42 years$1,859$1,140$673$386$217$143
43 years$1,795$1,086$632$356$197$128
44 years$1,735$1,035$593$329$178$115
45 years$1,677$987$557$304$162$103
46 years$1,622$942$523$281$147$93
47 years$1,570$899$491$259$134$83
48 years$1,519$858$462$240$121$75
49 years$1,471$819$434$221$110$67
50 years$1,425$783$408$205$100$60

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 $6,877 every year, while hoping to spend $50,340 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: 47/25/28 Blend
47$1,460,000$1,460,000$1,460,000$1,460,000
48$1,616,014$1,538,634$1,516,004$1,678,712
49$1,727,286$1,560,465$1,513,228$1,745,487
50$1,848,220$1,581,680$1,508,673$1,812,486
51$1,979,750$1,602,193$1,502,225$1,884,245
52$2,122,900$1,621,916$1,493,765$1,961,238
53$2,278,800$1,640,755$1,483,171$2,043,988
54$2,448,692$1,658,606$1,470,311$2,133,075
55$2,633,943$1,675,362$1,455,050$2,229,139
56$2,836,057$1,690,906$1,437,246$2,332,888
57$3,056,690$1,705,116$1,416,750$2,445,103
58$3,297,666$1,717,860$1,393,404$2,566,651
59$3,560,991$1,728,998$1,367,046$2,698,486
60$3,848,874$1,738,381$1,337,504$2,841,664
61$4,163,748$1,745,851$1,304,600$2,997,352
62$4,508,291$1,751,238$1,268,145$3,166,839
63$4,885,453$1,754,365$1,227,944$3,351,548
64$5,298,481$1,755,041$1,183,791$3,553,054
65$5,750,951$1,753,063$1,135,473$3,773,092
66$6,246,802$1,748,216$1,082,765$4,013,582
67$6,790,371$1,740,274$1,025,433$4,276,644
68$7,386,435$1,728,994$963,232$4,564,616
69$8,040,257$1,714,120$895,906$4,880,085
70$8,757,631$1,695,380$823,187$5,225,902
71$9,544,941$1,672,486$744,795$5,605,217
72$10,409,220$1,645,132$660,440$6,021,509
73$11,358,211$1,612,994$569,815$6,478,617
74$12,400,448$1,575,730$472,604$6,980,776
75$13,545,329$1,532,977$368,472$7,532,665
76$14,803,209$1,484,349$257,072$8,139,445
77$16,185,496$1,429,441$138,043$8,806,814
78$17,704,755$1,367,822$11,006$9,541,057
79$19,374,831$1,299,037$0$10,349,112
80$21,210,976$1,222,602$0$11,275,848
81$23,229,996$1,138,010$0$12,298,425
82$25,450,404$1,044,721$0$13,422,998
83$27,892,599$942,166$0$14,659,981
84$30,579,054$829,742$0$16,020,856
85$33,534,533$706,815$0$17,518,280
86$36,786,317$572,710$0$19,166,208
87$40,364,468$426,720$0$20,980,021
88$44,302,107$268,093$0$22,976,677
89$48,635,731$96,038$0$25,174,870
90$53,405,551$0$0$27,595,205
91$58,655,874$0$0$30,285,237
92$64,435,524$0$0$33,275,757
93$70,798,296$0$0$36,568,205
94$77,803,467$0$0$40,193,280
95$85,516,353$0$0$44,184,808
96$94,008,927$0$0$48,580,065
97$103,360,496$0$0$53,420,122
98$113,658,448$0$0$58,750,239
99$124,999,079$0$0$64,620,288
100$137,488,501$0$0$71,085,225