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

Use the below retirement simulation to view the chances of a successful retirement.
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%13.9%
1 years$120,565$119,492$118,444$117,421$116,422$114,541
2 years$59,686$58,574$57,497$56,452$55,439$53,549
3 years$39,395$38,279$37,204$36,170$35,173$33,332
4 years$29,252$28,139$27,075$26,058$25,086$23,309
5 years$23,168$22,061$21,011$20,015$19,070$17,363
6 years$19,113$18,015$16,980$16,006$15,089$13,453
7 years$16,217$15,129$14,111$13,160$12,272$10,707
8 years$14,047$12,968$11,967$11,039$10,180$8,688
9 years$12,360$11,291$10,307$9,403$8,573$7,151
10 years$11,011$9,953$8,986$8,106$7,305$5,952
11 years$9,908$8,860$7,911$7,054$6,283$4,998
12 years$8,989$7,952$7,021$6,188$5,444$4,226
13 years$8,213$7,187$6,273$5,463$4,748$3,594
14 years$7,548$6,532$5,636$4,849$4,162$3,071
15 years$6,972$5,968$5,089$4,325$3,664$2,634
16 years$6,468$5,475$4,614$3,872$3,238$2,267
17 years$6,025$5,042$4,198$3,479$2,871$1,956
18 years$5,631$4,659$3,832$3,135$2,553$1,692
19 years$5,279$4,318$3,508$2,833$2,276$1,467
20 years$4,962$4,013$3,220$2,566$2,033$1,273
21 years$4,676$3,738$2,962$2,329$1,819$1,107
22 years$4,416$3,489$2,730$2,117$1,631$964
23 years$4,180$3,263$2,520$1,928$1,464$840
24 years$3,963$3,057$2,331$1,759$1,316$733
25 years$3,764$2,869$2,159$1,606$1,184$640
26 years$3,581$2,697$2,002$1,469$1,066$559
27 years$3,411$2,538$1,859$1,344$961$489
28 years$3,254$2,391$1,728$1,232$867$427
29 years$3,108$2,256$1,608$1,129$783$374
30 years$2,972$2,131$1,498$1,037$708$327
31 years$2,845$2,014$1,397$952$640$287
32 years$2,726$1,906$1,303$875$579$251
33 years$2,615$1,805$1,217$805$524$220
34 years$2,510$1,710$1,137$740$474$193
35 years$2,412$1,622$1,063$681$430$169
36 years$2,319$1,540$994$628$389$148
37 years$2,231$1,463$931$578$353$130
38 years$2,149$1,390$872$533$320$114
39 years$2,070$1,322$817$491$290$100
40 years$1,996$1,257$765$453$263$88
41 years$1,926$1,197$718$418$239$77
42 years$1,859$1,140$673$386$217$68
43 years$1,795$1,086$632$356$197$59
44 years$1,735$1,035$593$329$178$52
45 years$1,677$987$557$304$162$46
46 years$1,622$942$523$281$147$40
47 years$1,570$899$491$259$134$35
48 years$1,519$858$462$240$121$31
49 years$1,471$819$434$221$110$27
50 years$1,425$783$408$205$100$24

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 $2,641 every year, while hoping to spend $22,813 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: 46/28/26 Blend
47$1,460,000$1,460,000$1,460,000$1,460,000
48$1,611,644$1,534,264$1,511,634$1,673,621
49$1,751,759$1,585,170$1,538,001$1,768,558
50$1,905,401$1,637,806$1,564,487$1,869,072
51$2,073,926$1,692,233$1,591,071$1,977,685
52$2,258,827$1,748,512$1,617,732$2,095,166
53$2,461,748$1,806,711$1,644,447$2,222,361
54$2,684,502$1,866,895$1,671,192$2,360,204
55$2,929,084$1,929,136$1,697,940$2,509,718
56$3,197,692$1,993,505$1,724,662$2,672,032
57$3,492,749$2,060,079$1,751,330$2,848,388
58$3,816,921$2,128,934$1,777,912$3,040,152
59$4,173,148$2,200,153$1,804,373$3,248,830
60$4,564,668$2,273,819$1,830,678$3,476,077
61$4,995,047$2,350,020$1,856,789$3,723,717
62$5,468,215$2,428,844$1,882,665$3,993,758
63$5,988,503$2,510,387$1,908,264$4,288,411
64$6,560,679$2,594,745$1,933,540$4,610,110
65$7,190,000$2,682,019$1,958,445$4,961,536
66$7,882,256$2,772,314$1,982,928$5,345,642
67$8,643,826$2,865,738$2,006,937$5,765,679
68$9,481,741$2,962,403$2,030,413$6,225,228
69$10,403,744$3,062,427$2,053,298$6,728,234
70$11,418,370$3,165,930$2,075,528$7,279,041
71$12,535,022$3,273,038$2,097,035$7,882,434
72$13,764,059$3,383,881$2,117,751$8,543,686
73$15,116,897$3,498,596$2,137,600$9,268,603
74$16,606,116$3,617,322$2,156,505$10,063,582
75$18,245,574$3,740,206$2,174,383$10,935,668
76$20,050,545$3,867,398$2,191,147$11,892,627
77$22,037,857$3,999,057$2,206,706$12,943,009
78$24,226,052$4,135,344$2,220,964$14,096,237
79$26,635,563$4,276,430$2,233,821$15,362,691
80$29,288,906$4,422,491$2,245,170$16,753,809
81$32,210,891$4,573,709$2,254,899$18,282,190
82$35,428,854$4,730,274$2,262,891$19,961,717
83$38,972,923$4,892,383$2,269,023$21,807,686
84$42,876,292$5,060,240$2,273,166$23,836,950
85$47,175,540$5,234,059$2,275,184$26,068,078
86$51,910,977$5,414,059$2,274,934$28,521,530
87$57,127,019$5,600,471$2,272,267$31,219,850
88$62,872,613$5,793,532$2,267,026$34,187,876
89$69,201,695$5,993,490$2,259,046$37,452,980
90$76,173,700$6,200,603$2,248,156$41,045,318
91$83,854,122$6,415,137$2,234,174$44,998,123
92$92,315,134$6,637,370$2,216,911$49,348,010
93$101,636,268$6,867,592$2,196,168$54,135,327
94$111,905,165$7,106,102$2,171,737$59,404,534
95$123,218,403$7,353,211$2,143,401$65,204,622
96$135,682,406$7,609,245$2,110,931$71,589,572
97$149,414,453$7,874,540$2,074,089$78,618,872
98$164,543,781$8,149,446$2,032,625$86,358,069
99$181,212,805$8,434,327$1,986,276$94,879,395
100$199,578,465$8,729,563$1,934,770$104,262,442