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

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 $1,490,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$123,043$121,947$120,878$119,834$118,815$118,165
2 years$60,912$59,778$58,678$57,612$56,578$55,923
3 years$40,205$39,065$37,969$36,913$35,896$35,255
4 years$29,853$28,717$27,632$26,594$25,601$24,979
5 years$23,644$22,515$21,443$20,426$19,462$18,861
6 years$19,505$18,385$17,329$16,335$15,399$14,821
7 years$16,551$15,440$14,401$13,430$12,524$11,967
8 years$14,336$13,235$12,213$11,266$10,390$9,856
9 years$12,614$11,523$10,519$9,596$8,750$8,238
10 years$11,237$10,157$9,171$8,272$7,455$6,965
11 years$10,111$9,042$8,074$7,199$6,412$5,943
12 years$9,174$8,116$7,165$6,315$5,556$5,109
13 years$8,381$7,334$6,402$5,575$4,845$4,419
14 years$7,703$6,667$5,752$4,949$4,247$3,841
15 years$7,115$6,090$5,193$4,413$3,740$3,353
16 years$6,601$5,588$4,708$3,952$3,305$2,938
17 years$6,148$5,146$4,284$3,551$2,930$2,582
18 years$5,746$4,755$3,911$3,200$2,606$2,275
19 years$5,387$4,407$3,580$2,891$2,322$2,009
20 years$5,064$4,095$3,286$2,619$2,074$1,778
21 years$4,772$3,815$3,022$2,377$1,856$1,576
22 years$4,507$3,561$2,786$2,161$1,664$1,399
23 years$4,266$3,330$2,572$1,968$1,494$1,244
24 years$4,045$3,120$2,379$1,795$1,343$1,107
25 years$3,841$2,928$2,203$1,639$1,208$987
26 years$3,654$2,752$2,043$1,499$1,088$880
27 years$3,481$2,590$1,897$1,372$981$785
28 years$3,321$2,441$1,764$1,257$885$701
29 years$3,172$2,302$1,641$1,153$799$627
30 years$3,033$2,174$1,529$1,058$722$560
31 years$2,903$2,055$1,425$972$653$501
32 years$2,782$1,945$1,330$893$591$449
33 years$2,668$1,842$1,242$821$535$402
34 years$2,562$1,746$1,160$755$484$360
35 years$2,461$1,656$1,085$695$438$323
36 years$2,366$1,572$1,015$640$397$289
37 years$2,277$1,493$950$590$360$259
38 years$2,193$1,418$889$544$326$232
39 years$2,113$1,349$833$502$296$208
40 years$2,037$1,283$781$463$268$187
41 years$1,965$1,222$732$427$244$168
42 years$1,897$1,163$687$394$221$151
43 years$1,832$1,108$645$364$201$135
44 years$1,770$1,057$605$336$182$121
45 years$1,711$1,008$568$310$165$109
46 years$1,655$961$534$286$150$98
47 years$1,602$917$501$265$136$88
48 years$1,551$876$471$244$124$79
49 years$1,502$836$443$226$112$71
50 years$1,455$799$416$209$102$64

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 $3,709 every year, while hoping to spend $36,958 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: 51/42/7 Blend
47$1,490,000$1,490,000$1,490,000$1,490,000
48$1,645,806$1,566,836$1,543,741$1,726,688
49$1,774,355$1,604,288$1,556,133$1,819,566
50$1,914,778$1,642,336$1,567,702$1,916,179
51$2,068,245$1,680,971$1,578,381$2,020,321
52$2,236,049$1,720,181$1,588,099$2,132,707
53$2,419,609$1,759,954$1,596,783$2,254,125
54$2,620,490$1,800,272$1,604,357$2,385,441
55$2,840,415$1,841,120$1,610,737$2,527,609
56$3,081,280$1,882,477$1,615,839$2,681,682
57$3,345,174$1,924,322$1,619,573$2,848,817
58$3,634,397$1,966,630$1,621,845$3,030,290
59$3,951,484$2,009,373$1,622,555$3,227,505
60$4,299,225$2,052,522$1,621,600$3,442,011
61$4,680,693$2,096,043$1,618,871$3,675,511
62$5,099,274$2,139,899$1,614,253$3,929,884
63$5,558,696$2,184,050$1,607,627$4,207,200
64$6,063,067$2,228,452$1,598,866$4,509,739
65$6,616,911$2,273,058$1,587,840$4,840,013
66$7,225,213$2,317,815$1,574,409$5,200,791
67$7,893,464$2,362,666$1,558,431$5,595,123
68$8,627,711$2,407,551$1,539,752$6,026,370
69$9,434,618$2,452,401$1,518,214$6,498,238
70$10,321,526$2,497,147$1,493,652$7,014,808
71$11,296,524$2,541,709$1,465,891$7,580,579
72$12,368,520$2,586,003$1,434,749$8,200,508
73$13,547,332$2,629,941$1,400,037$8,880,060
74$14,843,776$2,673,424$1,361,554$9,625,257
75$16,269,767$2,716,348$1,319,092$10,442,733
76$17,838,436$2,758,600$1,272,433$11,339,805
77$19,564,246$2,800,062$1,221,350$12,324,531
78$21,463,137$2,840,603$1,165,603$13,405,795
79$23,552,671$2,880,086$1,104,944$14,593,390
80$25,852,196$2,918,363$1,039,113$15,898,106
81$28,383,033$2,955,276$967,836$17,331,836
82$31,168,673$2,990,655$890,830$18,907,689
83$34,235,002$3,024,322$807,797$20,640,111
84$37,610,541$3,056,082$718,426$22,545,026
85$41,326,717$3,085,731$622,395$24,639,981
86$45,418,161$3,113,050$519,363$26,944,320
87$49,923,029$3,137,805$408,977$29,479,359
88$54,883,368$3,159,748$290,868$32,268,593
89$60,345,510$3,178,614$164,651$35,337,918
90$66,360,507$3,194,122$29,922$38,715,874
91$72,984,617$3,205,972$0$42,433,915
92$80,279,829$3,213,845$0$46,535,214
93$88,314,452$3,217,404$0$51,052,413
94$97,163,759$3,216,289$0$56,025,421
95$106,910,693$3,210,119$0$61,500,688
96$117,646,656$3,198,487$0$67,529,402
97$129,472,366$3,180,964$0$74,167,981
98$142,498,810$3,157,093$0$81,478,601
99$156,848,289$3,126,391$0$89,529,783
100$172,655,575$3,088,345$0$98,397,046