Can I retire at age 48 with 1,490,000?

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 $1,490,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$123,043$121,947$120,878$119,834$118,815$115,848
2 years$60,912$59,778$58,678$57,612$56,578$53,609
3 years$40,205$39,065$37,969$36,913$35,896$33,015
4 years$29,853$28,717$27,632$26,594$25,601$22,832
5 years$23,644$22,515$21,443$20,426$19,462$16,812
6 years$19,505$18,385$17,329$16,335$15,399$12,872
7 years$16,551$15,440$14,401$13,430$12,524$10,118
8 years$14,336$13,235$12,213$11,266$10,390$8,106
9 years$12,614$11,523$10,519$9,596$8,750$6,585
10 years$11,237$10,157$9,171$8,272$7,455$5,407
11 years$10,111$9,042$8,074$7,199$6,412$4,477
12 years$9,174$8,116$7,165$6,315$5,556$3,732
13 years$8,381$7,334$6,402$5,575$4,845$3,128
14 years$7,703$6,667$5,752$4,949$4,247$2,633
15 years$7,115$6,090$5,193$4,413$3,740$2,224
16 years$6,601$5,588$4,708$3,952$3,305$1,885
17 years$6,148$5,146$4,284$3,551$2,930$1,601
18 years$5,746$4,755$3,911$3,200$2,606$1,363
19 years$5,387$4,407$3,580$2,891$2,322$1,162
20 years$5,064$4,095$3,286$2,619$2,074$992
21 years$4,772$3,815$3,022$2,377$1,856$848
22 years$4,507$3,561$2,786$2,161$1,664$726
23 years$4,266$3,330$2,572$1,968$1,494$622
24 years$4,045$3,120$2,379$1,795$1,343$533
25 years$3,841$2,928$2,203$1,639$1,208$458
26 years$3,654$2,752$2,043$1,499$1,088$393
27 years$3,481$2,590$1,897$1,372$981$337
28 years$3,321$2,441$1,764$1,257$885$290
29 years$3,172$2,302$1,641$1,153$799$249
30 years$3,033$2,174$1,529$1,058$722$214
31 years$2,903$2,055$1,425$972$653$184
32 years$2,782$1,945$1,330$893$591$158
33 years$2,668$1,842$1,242$821$535$136
34 years$2,562$1,746$1,160$755$484$117
35 years$2,461$1,656$1,085$695$438$101
36 years$2,366$1,572$1,015$640$397$87
37 years$2,277$1,493$950$590$360$75
38 years$2,193$1,418$889$544$326$64
39 years$2,113$1,349$833$502$296$55
40 years$2,037$1,283$781$463$268$48
41 years$1,965$1,222$732$427$244$41
42 years$1,897$1,163$687$394$221$35
43 years$1,832$1,108$645$364$201$30
44 years$1,770$1,057$605$336$182$26
45 years$1,711$1,008$568$310$165$23
46 years$1,655$961$534$286$150$19
47 years$1,602$917$501$265$136$17
48 years$1,551$876$471$244$124$14
49 years$1,502$836$443$226$112$12
50 years$1,455$799$416$209$102$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,490,000, adding $3,547 every year, while hoping to spend $34,452 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: 54/25/21 Blend
47$1,490,000$1,490,000$1,490,000$1,490,000
48$1,645,639$1,566,669$1,543,574$1,724,883
49$1,776,837$1,606,779$1,558,627$1,819,741
50$1,920,263$1,647,700$1,573,029$1,919,034
51$2,077,128$1,689,435$1,586,724$2,026,386
52$2,248,764$1,731,986$1,599,648$2,142,579
53$2,436,639$1,775,355$1,611,738$2,268,472
54$2,642,371$1,819,542$1,622,925$2,405,012
55$2,867,739$1,864,546$1,633,140$2,553,243
56$3,114,704$1,910,364$1,642,305$2,714,316
57$3,385,424$1,956,992$1,650,343$2,889,495
58$3,682,279$2,004,426$1,657,170$3,080,179
59$4,007,885$2,052,657$1,662,700$3,287,903
60$4,365,129$2,101,677$1,666,840$3,514,363
61$4,757,188$2,151,475$1,669,495$3,761,426
62$5,187,562$2,202,037$1,670,564$4,031,149
63$5,660,106$2,253,349$1,669,940$4,325,800
64$6,179,066$2,305,393$1,667,512$4,647,877
65$6,749,122$2,358,149$1,663,165$5,000,134
66$7,375,427$2,411,592$1,656,776$5,385,606
67$8,063,659$2,465,699$1,648,216$5,807,636
68$8,820,072$2,520,438$1,637,351$6,269,910
69$9,651,558$2,575,778$1,624,041$6,776,490
70$10,565,709$2,631,683$1,608,139$7,331,852
71$11,570,888$2,688,113$1,589,488$7,940,929
72$12,676,311$2,745,023$1,567,928$8,609,160
73$13,892,131$2,802,365$1,543,290$9,342,536
74$15,229,534$2,860,086$1,515,396$10,147,661
75$16,700,844$2,918,128$1,484,060$11,031,816
76$18,319,642$2,976,429$1,449,088$12,003,022
77$20,100,890$3,034,918$1,410,276$13,070,120
78$22,061,073$3,093,521$1,367,413$14,242,857
79$24,218,357$3,152,158$1,320,276$15,531,971
80$26,592,756$3,210,740$1,268,631$16,949,301
81$29,206,323$3,269,173$1,212,237$18,507,891
82$32,083,359$3,327,354$1,150,838$20,222,122
83$35,250,640$3,385,172$1,084,169$22,107,840
84$38,737,669$3,442,509$1,011,952$24,182,510
85$42,576,955$3,499,236$933,897$26,465,383
86$46,804,323$3,555,217$849,700$28,977,675
87$51,459,244$3,610,303$759,046$31,742,767
88$56,585,215$3,664,335$661,602$34,786,430
89$62,230,164$3,717,145$557,023$38,137,066
90$68,446,906$3,768,551$444,948$41,825,979
91$75,293,638$3,818,357$325,001$45,887,667
92$82,834,488$3,866,355$196,788$50,360,153
93$91,140,123$3,912,324$59,897$55,285,341
94$100,288,413$3,956,026$0$60,709,417
95$110,365,167$3,997,207$0$66,702,590
96$121,464,941$4,035,597$0$73,317,225
97$133,691,931$4,070,907$0$80,601,815
98$147,160,958$4,102,831$0$88,624,606
99$161,998,547$4,131,042$0$97,460,804
100$178,344,127$4,155,191$0$107,193,288