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

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 $1,480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$122,217$121,128$120,066$119,030$118,017$115,211
2 years$60,503$59,377$58,285$57,226$56,199$53,388
3 years$39,935$38,803$37,714$36,665$35,655$32,927
4 years$29,653$28,525$27,446$26,415$25,429$22,806
5 years$23,485$22,364$21,299$20,289$19,331$16,819
6 years$19,375$18,262$17,213$16,226$15,296$12,898
7 years$16,440$15,336$14,304$13,340$12,440$10,156
8 years$14,239$13,146$12,131$11,191$10,320$8,150
9 years$12,529$11,446$10,448$9,532$8,691$6,633
10 years$11,162$10,089$9,109$8,217$7,405$5,457
11 years$10,044$8,982$8,020$7,151$6,369$4,527
12 years$9,112$8,061$7,117$6,272$5,519$3,781
13 years$8,325$7,285$6,359$5,537$4,813$3,175
14 years$7,651$6,622$5,713$4,916$4,219$2,678
15 years$7,067$6,049$5,158$4,384$3,714$2,267
16 years$6,557$5,550$4,677$3,925$3,283$1,925
17 years$6,107$5,111$4,256$3,527$2,911$1,639
18 years$5,708$4,723$3,885$3,178$2,588$1,398
19 years$5,351$4,377$3,556$2,872$2,307$1,195
20 years$5,030$4,068$3,264$2,601$2,061$1,023
21 years$4,740$3,789$3,002$2,361$1,844$876
22 years$4,477$3,537$2,767$2,146$1,653$752
23 years$4,237$3,308$2,555$1,955$1,484$646
24 years$4,017$3,099$2,363$1,783$1,334$555
25 years$3,816$2,909$2,188$1,628$1,200$477
26 years$3,630$2,734$2,030$1,489$1,081$411
27 years$3,458$2,573$1,885$1,363$975$353
28 years$3,299$2,424$1,752$1,248$879$304
29 years$3,151$2,287$1,630$1,145$794$262
30 years$3,013$2,160$1,519$1,051$717$226
31 years$2,884$2,042$1,416$965$649$195
32 years$2,763$1,932$1,321$887$587$168
33 years$2,650$1,829$1,233$816$531$145
34 years$2,544$1,734$1,152$750$481$125
35 years$2,445$1,645$1,077$691$435$108
36 years$2,351$1,561$1,008$636$395$93
37 years$2,262$1,483$943$586$358$80
38 years$2,178$1,409$883$540$324$69
39 years$2,099$1,340$828$498$294$60
40 years$2,023$1,275$776$459$267$52
41 years$1,952$1,213$727$424$242$45
42 years$1,884$1,156$682$391$220$38
43 years$1,820$1,101$640$361$199$33
44 years$1,758$1,050$601$333$181$29
45 years$1,700$1,001$564$308$164$25
46 years$1,644$955$530$284$149$21
47 years$1,591$911$498$263$135$18
48 years$1,540$870$468$243$123$16
49 years$1,492$831$440$224$112$14
50 years$1,445$793$414$207$101$12

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 $6,983 every year, while hoping to spend $54,706 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: 34/46/20 Blend
47$1,480,000$1,480,000$1,480,000$1,480,000
48$1,638,163$1,559,723$1,536,783$1,683,608
49$1,747,049$1,577,943$1,530,058$1,735,988
50$1,865,208$1,595,222$1,521,275$1,786,900
51$1,993,527$1,611,456$1,510,306$1,840,666
52$2,132,985$1,626,535$1,497,019$1,897,572
53$2,284,654$1,640,340$1,481,275$1,957,936
54$2,449,719$1,652,747$1,462,927$2,022,109
55$2,629,479$1,663,620$1,441,824$2,090,483
56$2,825,365$1,672,817$1,417,805$2,163,492
57$3,038,955$1,680,187$1,390,703$2,241,620
58$3,271,980$1,685,569$1,360,344$2,325,401
59$3,526,350$1,688,790$1,326,544$2,415,432
60$3,804,166$1,689,669$1,289,111$2,512,370
61$4,107,740$1,688,011$1,247,845$2,616,949
62$4,439,619$1,683,613$1,202,537$2,729,979
63$4,802,605$1,676,255$1,152,967$2,852,362
64$5,199,785$1,665,706$1,098,906$2,985,093
65$5,634,558$1,651,720$1,040,114$3,129,280
66$6,110,666$1,634,038$976,341$3,286,146
67$6,632,231$1,612,383$907,326$3,457,050
68$7,203,791$1,586,462$832,794$3,643,493
69$7,830,345$1,555,966$752,460$3,847,141
70$8,517,399$1,520,566$666,025$4,069,837
71$9,271,015$1,479,916$573,178$4,313,619
72$10,097,872$1,433,645$473,594$4,580,746
73$11,005,327$1,381,366$366,931$4,873,717
74$12,001,483$1,322,665$252,836$5,195,294
75$13,095,265$1,257,107$130,937$5,548,536
76$14,296,507$1,184,230$848$5,936,825
77$15,616,039$1,103,546$0$6,363,899
78$17,065,795$1,014,539$0$6,863,339
79$18,658,918$916,664$0$7,412,378
80$20,409,891$809,343$0$8,015,982
81$22,334,667$691,969$0$8,679,835
82$24,450,825$563,897$0$9,410,210
83$26,777,728$424,447$0$10,214,036
84$29,336,712$272,900$0$11,098,957
85$32,151,283$108,499$0$12,073,416
86$35,247,341$0$0$13,146,728
87$38,653,421$0$0$14,364,385
88$42,400,963$0$0$15,764,788
89$46,524,608$0$0$17,305,992
90$51,062,525$0$0$19,002,295
91$56,056,771$0$0$20,869,450
92$61,553,685$0$0$22,924,816
93$67,604,326$0$0$25,187,519
94$74,264,956$0$0$27,678,636
95$81,597,567$0$0$30,421,390
96$89,670,469$0$0$33,441,370
97$98,558,930$0$0$36,766,773
98$108,345,889$0$0$40,428,670
99$119,122,737$0$0$44,461,299
100$130,990,180$0$0$48,902,387