Can I retire at age 48 with 1,470,000?

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 $1,470,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$121,391$120,310$119,255$118,225$117,220$114,619
2 years$60,095$58,975$57,891$56,839$55,819$53,212
3 years$39,665$38,541$37,459$36,417$35,414$32,882
4 years$29,452$28,332$27,261$26,237$25,257$22,821
5 years$23,326$22,212$21,155$20,152$19,200$16,866
6 years$19,244$18,138$17,097$16,116$15,193$12,962
7 years$16,329$15,232$14,207$13,250$12,356$10,230
8 years$14,143$13,057$12,049$11,115$10,250$8,228
9 years$12,444$11,368$10,378$9,467$8,632$6,713
10 years$11,086$10,021$9,048$8,161$7,355$5,536
11 years$9,976$8,921$7,965$7,103$6,326$4,604
12 years$9,051$8,007$7,069$6,230$5,482$3,856
13 years$8,269$7,236$6,316$5,500$4,780$3,247
14 years$7,599$6,577$5,675$4,882$4,190$2,746
15 years$7,020$6,008$5,124$4,354$3,689$2,331
16 years$6,513$5,513$4,645$3,899$3,261$1,985
17 years$6,066$5,077$4,227$3,503$2,891$1,695
18 years$5,669$4,691$3,859$3,157$2,571$1,450
19 years$5,315$4,348$3,532$2,852$2,291$1,243
20 years$4,996$4,040$3,242$2,583$2,047$1,067
21 years$4,708$3,763$2,982$2,345$1,831$917
22 years$4,447$3,513$2,748$2,132$1,642$789
23 years$4,208$3,286$2,538$1,942$1,474$680
24 years$3,990$3,078$2,347$1,771$1,325$586
25 years$3,790$2,889$2,174$1,617$1,192$506
26 years$3,605$2,715$2,016$1,479$1,074$437
27 years$3,435$2,555$1,872$1,353$968$377
28 years$3,276$2,408$1,740$1,240$873$326
29 years$3,129$2,271$1,619$1,137$789$282
30 years$2,992$2,145$1,508$1,044$713$244
31 years$2,864$2,028$1,406$958$644$211
32 years$2,745$1,919$1,312$881$583$182
33 years$2,633$1,817$1,225$810$527$158
34 years$2,527$1,722$1,145$745$478$136
35 years$2,428$1,633$1,070$686$433$118
36 years$2,335$1,550$1,001$632$392$102
37 years$2,247$1,473$937$582$355$89
38 years$2,163$1,399$877$537$322$77
39 years$2,084$1,331$822$495$292$66
40 years$2,010$1,266$771$456$265$58
41 years$1,939$1,205$723$421$240$50
42 years$1,872$1,148$678$389$218$43
43 years$1,808$1,094$636$359$198$37
44 years$1,747$1,042$597$331$180$32
45 years$1,689$994$561$306$163$28
46 years$1,633$948$526$283$148$24
47 years$1,580$905$495$261$134$21
48 years$1,530$864$465$241$122$18
49 years$1,481$825$437$223$111$16
50 years$1,435$788$411$206$101$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,470,000, adding $3,029 every year, while hoping to spend $55,429 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: 66/28/6 Blend
47$1,470,000$1,470,000$1,470,000$1,470,000
48$1,623,064$1,545,154$1,522,369$1,728,473
49$1,729,641$1,561,891$1,514,393$1,815,567
50$1,845,231$1,577,590$1,504,291$1,903,776
51$1,970,694$1,592,142$1,491,935$1,998,695
52$2,106,978$1,605,430$1,477,188$2,100,970
53$2,255,124$1,617,331$1,459,908$2,211,313
54$2,416,278$1,627,711$1,439,947$2,330,510
55$2,591,701$1,636,431$1,417,147$2,459,425
56$2,782,779$1,643,340$1,391,345$2,599,015
57$2,991,038$1,648,280$1,362,372$2,750,332
58$3,218,159$1,651,081$1,330,046$2,914,538
59$3,465,991$1,651,563$1,294,182$3,092,913
60$3,736,568$1,649,536$1,254,583$3,286,868
61$4,032,131$1,644,796$1,211,045$3,497,962
62$4,355,146$1,637,129$1,163,352$3,727,912
63$4,708,328$1,626,305$1,111,282$3,978,611
64$5,094,667$1,612,084$1,054,600$4,252,149
65$5,517,454$1,594,207$993,060$4,550,830
66$5,980,315$1,572,404$926,407$4,877,194
67$6,487,239$1,546,384$854,375$5,234,042
68$7,042,623$1,515,843$776,682$5,624,466
69$7,651,308$1,480,456$693,038$6,051,872
70$8,318,624$1,439,881$603,137$6,520,018
71$9,050,443$1,393,754$506,662$7,033,050
72$9,853,232$1,341,692$403,279$7,595,538
73$10,734,115$1,283,288$292,642$8,212,521
74$11,700,937$1,218,111$174,387$8,889,558
75$12,762,340$1,145,707$48,137$9,632,778
76$13,927,846$1,065,594$0$10,448,939
77$15,207,942$977,263$0$11,351,039
78$16,614,181$880,178$0$12,345,402
79$18,159,289$773,768$0$13,438,031
80$19,857,287$657,434$0$14,638,949
81$21,723,623$530,541$0$15,959,204
82$23,775,313$392,418$0$17,410,975
83$26,031,106$242,357$0$19,007,691
84$28,511,657$79,610$0$20,764,155
85$31,239,723$0$0$22,696,689
86$34,240,379$0$0$24,853,049
87$37,541,249$0$0$27,252,242
88$41,172,770$0$0$29,891,874
89$45,168,480$0$0$32,796,336
90$49,565,328$0$0$35,992,500
91$54,404,030$0$0$39,509,978
92$59,729,445$0$0$43,381,395
93$65,591,003$0$0$47,642,701
94$72,043,168$0$0$52,333,507
95$79,145,953$0$0$57,497,459
96$86,965,485$0$0$63,182,652
97$95,574,629$0$0$69,442,078
98$105,053,673$0$0$76,334,132
99$115,491,089$0$0$83,923,158
100$126,984,362$0$0$92,280,057