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

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 $1,470,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$121,391$120,310$119,255$118,225$117,220$115,325
2 years$60,095$58,975$57,891$56,839$55,819$53,916
3 years$39,665$38,541$37,459$36,417$35,414$33,561
4 years$29,452$28,332$27,261$26,237$25,257$23,469
5 years$23,326$22,212$21,155$20,152$19,200$17,481
6 years$19,244$18,138$17,097$16,116$15,193$13,545
7 years$16,329$15,232$14,207$13,250$12,356$10,781
8 years$14,143$13,057$12,049$11,115$10,250$8,747
9 years$12,444$11,368$10,378$9,467$8,632$7,200
10 years$11,086$10,021$9,048$8,161$7,355$5,993
11 years$9,976$8,921$7,965$7,103$6,326$5,032
12 years$9,051$8,007$7,069$6,230$5,482$4,255
13 years$8,269$7,236$6,316$5,500$4,780$3,618
14 years$7,599$6,577$5,675$4,882$4,190$3,092
15 years$7,020$6,008$5,124$4,354$3,689$2,652
16 years$6,513$5,513$4,645$3,899$3,261$2,282
17 years$6,066$5,077$4,227$3,503$2,891$1,970
18 years$5,669$4,691$3,859$3,157$2,571$1,704
19 years$5,315$4,348$3,532$2,852$2,291$1,477
20 years$4,996$4,040$3,242$2,583$2,047$1,282
21 years$4,708$3,763$2,982$2,345$1,831$1,115
22 years$4,447$3,513$2,748$2,132$1,642$970
23 years$4,208$3,286$2,538$1,942$1,474$846
24 years$3,990$3,078$2,347$1,771$1,325$738
25 years$3,790$2,889$2,174$1,617$1,192$644
26 years$3,605$2,715$2,016$1,479$1,074$563
27 years$3,435$2,555$1,872$1,353$968$492
28 years$3,276$2,408$1,740$1,240$873$430
29 years$3,129$2,271$1,619$1,137$789$377
30 years$2,992$2,145$1,508$1,044$713$330
31 years$2,864$2,028$1,406$958$644$289
32 years$2,745$1,919$1,312$881$583$253
33 years$2,633$1,817$1,225$810$527$222
34 years$2,527$1,722$1,145$745$478$194
35 years$2,428$1,633$1,070$686$433$170
36 years$2,335$1,550$1,001$632$392$149
37 years$2,247$1,473$937$582$355$131
38 years$2,163$1,399$877$537$322$115
39 years$2,084$1,331$822$495$292$101
40 years$2,010$1,266$771$456$265$88
41 years$1,939$1,205$723$421$240$78
42 years$1,872$1,148$678$389$218$68
43 years$1,808$1,094$636$359$198$60
44 years$1,747$1,042$597$331$180$52
45 years$1,689$994$561$306$163$46
46 years$1,633$948$526$283$148$40
47 years$1,580$905$495$261$134$35
48 years$1,530$864$465$241$122$31
49 years$1,481$825$437$223$111$27
50 years$1,435$788$411$206$101$24

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 $6,330 every year, while hoping to spend $24,907 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: 75/10/15 Blend
47$1,470,000$1,470,000$1,470,000$1,470,000
48$1,626,469$1,548,559$1,525,774$1,742,690
49$1,765,868$1,597,938$1,550,387$1,869,753
50$1,918,651$1,648,901$1,574,989$2,005,260
51$2,086,157$1,701,501$1,599,555$2,153,104
52$2,269,860$1,755,789$1,624,055$2,314,505
53$2,471,385$1,811,822$1,648,460$2,490,805
54$2,692,520$1,869,655$1,672,737$2,683,485
55$2,935,236$1,929,347$1,696,853$2,894,175
56$3,201,704$1,990,959$1,720,771$3,124,668
57$3,494,314$2,054,552$1,744,453$3,376,942
58$3,815,701$2,120,192$1,767,859$3,653,175
59$4,168,765$2,187,944$1,790,945$3,955,764
60$4,556,704$2,257,878$1,813,666$4,287,352
61$4,983,038$2,330,065$1,835,975$4,650,850
62$5,451,647$2,404,577$1,857,819$5,049,463
63$5,966,805$2,481,492$1,879,146$5,486,723
64$6,533,221$2,560,886$1,899,899$5,966,523
65$7,156,081$2,642,842$1,920,018$6,493,148
66$7,841,103$2,727,442$1,939,439$7,071,322
67$8,594,582$2,814,773$1,958,097$7,706,248
68$9,423,457$2,904,925$1,975,921$8,403,660
69$10,335,373$2,997,989$1,992,838$9,169,873
70$11,338,751$3,094,061$2,008,768$10,011,847
71$12,442,874$3,193,240$2,023,632$10,937,251
72$13,657,965$3,295,627$2,037,342$11,954,532
73$14,995,292$3,401,327$2,049,807$13,073,000
74$16,467,269$3,510,449$2,060,933$14,302,913
75$18,087,575$3,623,106$2,070,619$15,655,572
76$19,871,282$3,739,413$2,078,759$17,143,430
77$21,835,000$3,859,491$2,085,244$18,780,211
78$23,997,027$3,983,463$2,089,957$20,581,033
79$26,377,528$4,111,457$2,092,775$22,562,559
80$28,998,725$4,243,607$2,093,572$24,743,146
81$31,885,100$4,380,049$2,092,211$27,143,026
82$35,063,633$4,520,924$2,088,553$29,784,489
83$38,564,053$4,666,380$2,082,450$32,692,099
84$42,419,120$4,816,566$2,073,746$35,892,925
85$46,664,933$4,971,640$2,062,278$39,416,792
86$51,341,268$5,131,763$2,047,877$43,296,568
87$56,491,960$5,297,102$2,030,364$47,568,471
88$62,165,310$5,467,829$2,009,551$52,272,412
89$68,414,544$5,644,125$1,985,242$57,452,370
90$75,298,312$5,826,173$1,957,234$63,156,809
91$82,881,249$6,014,163$1,925,309$69,439,134
92$91,234,573$6,208,295$1,889,244$76,358,196
93$100,436,769$6,408,771$1,848,804$83,978,846
94$110,574,322$6,615,802$1,803,741$92,372,547
95$121,742,534$6,829,608$1,753,798$101,618,052
96$134,046,428$7,050,414$1,698,705$111,802,142
97$147,601,733$7,278,454$1,638,180$123,020,450
98$162,535,979$7,513,968$1,571,929$135,378,359
99$178,989,703$7,757,206$1,499,643$148,992,001
100$197,117,771$8,008,428$1,421,000$163,989,351