Can I retire at age 48 with 1,480,000?

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 $1,480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$122,217$121,128$120,066$119,030$118,017$113,559
2 years$60,503$59,377$58,285$57,226$56,199$51,759
3 years$39,935$38,803$37,714$36,665$35,655$31,373
4 years$29,653$28,525$27,446$26,415$25,429$21,338
5 years$23,485$22,364$21,299$20,289$19,331$15,441
6 years$19,375$18,262$17,213$16,226$15,296$11,610
7 years$16,440$15,336$14,304$13,340$12,440$8,957
8 years$14,239$13,146$12,131$11,191$10,320$7,037
9 years$12,529$11,446$10,448$9,532$8,691$5,603
10 years$11,162$10,089$9,109$8,217$7,405$4,506
11 years$10,044$8,982$8,020$7,151$6,369$3,653
12 years$9,112$8,061$7,117$6,272$5,519$2,979
13 years$8,325$7,285$6,359$5,537$4,813$2,441
14 years$7,651$6,622$5,713$4,916$4,219$2,008
15 years$7,067$6,049$5,158$4,384$3,714$1,658
16 years$6,557$5,550$4,677$3,925$3,283$1,371
17 years$6,107$5,111$4,256$3,527$2,911$1,137
18 years$5,708$4,723$3,885$3,178$2,588$944
19 years$5,351$4,377$3,556$2,872$2,307$786
20 years$5,030$4,068$3,264$2,601$2,061$654
21 years$4,740$3,789$3,002$2,361$1,844$545
22 years$4,477$3,537$2,767$2,146$1,653$455
23 years$4,237$3,308$2,555$1,955$1,484$380
24 years$4,017$3,099$2,363$1,783$1,334$317
25 years$3,816$2,909$2,188$1,628$1,200$265
26 years$3,630$2,734$2,030$1,489$1,081$221
27 years$3,458$2,573$1,885$1,363$975$185
28 years$3,299$2,424$1,752$1,248$879$155
29 years$3,151$2,287$1,630$1,145$794$130
30 years$3,013$2,160$1,519$1,051$717$108
31 years$2,884$2,042$1,416$965$649$91
32 years$2,763$1,932$1,321$887$587$76
33 years$2,650$1,829$1,233$816$531$64
34 years$2,544$1,734$1,152$750$481$53
35 years$2,445$1,645$1,077$691$435$45
36 years$2,351$1,561$1,008$636$395$37
37 years$2,262$1,483$943$586$358$31
38 years$2,178$1,409$883$540$324$26
39 years$2,099$1,340$828$498$294$22
40 years$2,023$1,275$776$459$267$18
41 years$1,952$1,213$727$424$242$15
42 years$1,884$1,156$682$391$220$13
43 years$1,820$1,101$640$361$199$11
44 years$1,758$1,050$601$333$181$9
45 years$1,700$1,001$564$308$164$8
46 years$1,644$955$530$284$149$6
47 years$1,591$911$498$263$135$5
48 years$1,540$870$468$243$123$4
49 years$1,492$831$440$224$112$4
50 years$1,445$793$414$207$101$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,480,000, adding $3,974 every year, while hoping to spend $59,743 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: 55/39/6 Blend
47$1,480,000$1,480,000$1,480,000$1,480,000
48$1,635,059$1,556,619$1,533,679$1,722,625
49$1,738,269$1,569,327$1,521,491$1,794,849
50$1,850,004$1,580,656$1,506,893$1,866,455
51$1,971,071$1,590,474$1,489,740$1,942,946
52$2,102,356$1,598,643$1,469,882$2,024,793
53$2,244,834$1,605,015$1,447,161$2,112,517
54$2,399,579$1,609,432$1,421,412$2,206,693
55$2,567,769$1,611,727$1,392,463$2,307,957
56$2,750,702$1,611,723$1,360,132$2,417,013
57$2,949,807$1,609,231$1,324,229$2,534,637
58$3,166,655$1,604,051$1,284,558$2,661,687
59$3,402,974$1,595,969$1,240,911$2,799,112
60$3,660,667$1,584,762$1,193,072$2,947,959
61$3,941,829$1,570,188$1,140,813$3,109,386
62$4,248,763$1,551,996$1,083,898$3,284,671
63$4,584,009$1,529,915$1,022,081$3,475,228
64$4,950,358$1,503,662$955,101$3,682,617
65$5,350,887$1,472,933$882,689$3,908,562
66$5,788,981$1,437,410$804,562$4,154,967
67$6,268,368$1,396,754$720,426$4,423,936
68$6,793,153$1,350,607$629,972$4,717,790
69$7,367,856$1,298,588$532,878$5,039,094
70$7,997,456$1,240,298$428,808$5,390,682
71$8,687,435$1,175,311$317,411$5,775,680
72$9,443,830$1,103,178$198,321$6,197,542
73$10,273,291$1,023,424$71,155$6,660,080
74$11,183,143$935,547$0$7,167,504
75$12,181,451$839,017$0$7,728,593
76$13,277,102$733,272$0$8,349,474
77$14,479,883$617,719$0$9,031,276
78$15,800,576$491,732$0$9,780,279
79$17,251,058$354,650$0$10,603,409
80$18,844,413$205,775$0$11,508,312
81$20,595,052$44,367$0$12,503,420
82$22,518,854$0$0$13,598,040
83$24,633,313$0$0$14,858,378
84$26,957,698$0$0$16,264,924
85$29,513,242$0$0$17,811,504
86$32,323,336$0$0$19,512,293
87$35,413,751$0$0$21,382,909
88$38,812,882$0$0$23,440,559
89$42,552,013$0$0$25,704,202
90$46,665,612$0$0$28,194,727
91$51,191,656$0$0$30,935,150
92$56,171,991$0$0$33,950,830
93$61,652,722$0$0$37,269,708
94$67,684,650$0$0$40,922,572
95$74,323,750$0$0$44,943,346
96$81,631,699$0$0$49,369,409
97$89,676,457$0$0$54,241,949
98$98,532,908$0$0$59,606,348
99$108,283,564$0$0$65,512,616
100$119,019,347$0$0$72,015,855