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%13.5%
1 years$121,391$120,310$119,255$118,225$117,220$115,516
2 years$60,095$58,975$57,891$56,839$55,819$54,106
3 years$39,665$38,541$37,459$36,417$35,414$33,745
4 years$29,452$28,332$27,261$26,237$25,257$23,645
5 years$23,326$22,212$21,155$20,152$19,200$17,650
6 years$19,244$18,138$17,097$16,116$15,193$13,705
7 years$16,329$15,232$14,207$13,250$12,356$10,932
8 years$14,143$13,057$12,049$11,115$10,250$8,891
9 years$12,444$11,368$10,378$9,467$8,632$7,336
10 years$11,086$10,021$9,048$8,161$7,355$6,121
11 years$9,976$8,921$7,965$7,103$6,326$5,152
12 years$9,051$8,007$7,069$6,230$5,482$4,368
13 years$8,269$7,236$6,316$5,500$4,780$3,724
14 years$7,599$6,577$5,675$4,882$4,190$3,191
15 years$7,020$6,008$5,124$4,354$3,689$2,744
16 years$6,513$5,513$4,645$3,899$3,261$2,368
17 years$6,066$5,077$4,227$3,503$2,891$2,050
18 years$5,669$4,691$3,859$3,157$2,571$1,778
19 years$5,315$4,348$3,532$2,852$2,291$1,546
20 years$4,996$4,040$3,242$2,583$2,047$1,346
21 years$4,708$3,763$2,982$2,345$1,831$1,174
22 years$4,447$3,513$2,748$2,132$1,642$1,025
23 years$4,208$3,286$2,538$1,942$1,474$896
24 years$3,990$3,078$2,347$1,771$1,325$784
25 years$3,790$2,889$2,174$1,617$1,192$687
26 years$3,605$2,715$2,016$1,479$1,074$602
27 years$3,435$2,555$1,872$1,353$968$528
28 years$3,276$2,408$1,740$1,240$873$463
29 years$3,129$2,271$1,619$1,137$789$407
30 years$2,992$2,145$1,508$1,044$713$357
31 years$2,864$2,028$1,406$958$644$314
32 years$2,745$1,919$1,312$881$583$276
33 years$2,633$1,817$1,225$810$527$243
34 years$2,527$1,722$1,145$745$478$213
35 years$2,428$1,633$1,070$686$433$188
36 years$2,335$1,550$1,001$632$392$165
37 years$2,247$1,473$937$582$355$145
38 years$2,163$1,399$877$537$322$128
39 years$2,084$1,331$822$495$292$113
40 years$2,010$1,266$771$456$265$99
41 years$1,939$1,205$723$421$240$87
42 years$1,872$1,148$678$389$218$77
43 years$1,808$1,094$636$359$198$68
44 years$1,747$1,042$597$331$180$60
45 years$1,689$994$561$306$163$52
46 years$1,633$948$526$283$148$46
47 years$1,580$905$495$261$134$41
48 years$1,530$864$465$241$122$36
49 years$1,481$825$437$223$111$32
50 years$1,435$788$411$206$101$28

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 $3,004 every year, while hoping to spend $45,099 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: 41/40/19 Blend
47$1,470,000$1,470,000$1,470,000$1,470,000
48$1,623,039$1,545,129$1,522,344$1,680,382
49$1,740,604$1,572,855$1,525,357$1,749,189
50$1,868,649$1,600,428$1,526,960$1,819,029
51$2,008,195$1,627,794$1,527,058$1,893,686
52$2,160,367$1,654,892$1,525,550$1,973,624
53$2,326,402$1,681,659$1,522,333$2,059,354
54$2,507,661$1,708,026$1,517,297$2,151,441
55$2,705,643$1,733,920$1,510,328$2,250,510
56$2,921,999$1,759,262$1,501,304$2,357,249
57$3,158,545$1,783,968$1,490,100$2,472,419
58$3,417,282$1,807,948$1,476,583$2,596,860
59$3,700,411$1,831,104$1,460,616$2,731,500
60$4,010,359$1,853,334$1,442,052$2,877,363
61$4,349,795$1,874,527$1,420,741$3,035,579
62$4,721,661$1,894,566$1,396,522$3,207,397
63$5,129,195$1,913,324$1,369,230$3,394,194
64$5,575,964$1,930,668$1,338,690$3,597,492
65$6,065,897$1,946,455$1,304,721$3,818,970
66$6,603,320$1,960,533$1,267,130$4,060,482
67$7,192,999$1,972,739$1,225,720$4,324,075
68$7,840,184$1,982,903$1,180,281$4,612,007
69$8,550,657$1,990,839$1,130,594$4,926,771
70$9,330,787$1,996,354$1,076,433$5,271,119
71$10,187,592$1,999,240$1,017,558$5,648,087
72$11,128,801$1,999,277$953,720$6,061,026
73$12,162,928$1,996,231$884,659$6,513,635
74$13,299,354$1,989,853$810,103$7,009,995
75$14,548,414$1,979,882$729,767$7,554,608
76$15,921,492$1,966,036$643,354$8,152,444
77$17,431,132$1,948,020$550,554$8,808,984
78$19,091,153$1,925,519$451,044$9,530,277
79$20,916,781$1,898,199$344,484$10,322,997
80$22,924,791$1,865,709$230,522$11,194,504
81$25,133,664$1,827,673$108,789$12,152,921
82$27,563,764$1,783,695$0$13,207,207
83$30,237,528$1,733,357$0$14,371,526
84$33,179,678$1,676,213$0$15,676,312
85$36,417,451$1,611,793$0$17,111,597
86$39,980,860$1,539,601$0$18,690,731
87$43,902,976$1,459,109$0$20,428,435
88$48,220,235$1,369,761$0$22,340,937
89$52,972,788$1,270,968$0$24,446,131
90$58,204,876$1,162,109$0$26,763,743
91$63,965,245$1,042,524$0$29,315,522
92$70,307,612$911,519$0$32,125,446
93$77,291,164$768,360$0$35,219,947
94$84,981,122$612,269$0$38,628,167
95$93,449,353$442,426$0$42,382,233
96$102,775,048$257,967$0$46,517,560
97$113,045,471$57,975$0$51,073,191
98$124,356,780$0$0$56,092,166
99$136,814,932$0$0$61,691,703
100$150,536,690$0$0$67,887,561