Can I retire at age 48 with 1,500,000?

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 $1,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$123,869$122,765$121,689$120,638$119,612$115,783
2 years$61,321$60,179$59,072$57,999$56,958$53,136
3 years$40,475$39,328$38,224$37,161$36,137$32,441
4 years$30,053$28,910$27,817$26,772$25,773$22,232
5 years$23,802$22,666$21,587$20,564$19,592$16,216
6 years$19,636$18,508$17,446$16,445$15,503$12,294
7 years$16,662$15,543$14,497$13,520$12,608$9,566
8 years$14,432$13,323$12,295$11,342$10,459$7,582
9 years$12,698$11,600$10,590$9,661$8,808$6,093
10 years$11,312$10,225$9,232$8,328$7,505$4,947
11 years$10,179$9,103$8,128$7,247$6,455$4,049
12 years$9,236$8,170$7,213$6,357$5,593$3,335
13 years$8,438$7,384$6,445$5,612$4,878$2,761
14 years$7,754$6,711$5,791$4,982$4,276$2,296
15 years$7,163$6,131$5,228$4,443$3,765$1,915
16 years$6,646$5,625$4,740$3,978$3,327$1,602
17 years$6,190$5,181$4,313$3,574$2,950$1,343
18 years$5,785$4,787$3,937$3,221$2,623$1,128
19 years$5,423$4,437$3,605$2,911$2,338$949
20 years$5,098$4,123$3,308$2,636$2,088$799
21 years$4,804$3,840$3,043$2,393$1,869$674
22 years$4,537$3,585$2,804$2,175$1,675$569
23 years$4,294$3,353$2,589$1,981$1,504$480
24 years$4,072$3,141$2,395$1,807$1,352$406
25 years$3,867$2,948$2,218$1,650$1,216$343
26 years$3,679$2,770$2,057$1,509$1,096$291
27 years$3,505$2,607$1,910$1,381$988$246
28 years$3,343$2,457$1,776$1,265$891$208
29 years$3,193$2,318$1,652$1,160$805$176
30 years$3,053$2,189$1,539$1,065$727$149
31 years$2,923$2,069$1,435$978$657$127
32 years$2,801$1,958$1,339$899$595$107
33 years$2,686$1,854$1,250$827$538$91
34 years$2,579$1,757$1,168$761$487$77
35 years$2,478$1,667$1,092$700$441$65
36 years$2,382$1,582$1,022$645$400$55
37 years$2,292$1,503$956$594$362$47
38 years$2,207$1,428$895$548$329$40
39 years$2,127$1,358$839$505$298$34
40 years$2,051$1,292$786$466$270$29
41 years$1,978$1,230$737$430$245$24
42 years$1,910$1,171$692$397$222$21
43 years$1,844$1,116$649$366$202$17
44 years$1,782$1,064$609$338$183$15
45 years$1,723$1,014$572$312$166$13
46 years$1,666$968$537$288$151$11
47 years$1,613$923$505$266$137$9
48 years$1,561$882$474$246$125$8
49 years$1,512$842$446$227$113$6
50 years$1,465$804$419$210$103$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,500,000, adding $4,998 every year, while hoping to spend $23,616 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: 64/24/12 Blend
47$1,500,000$1,500,000$1,500,000$1,500,000
48$1,658,155$1,578,655$1,555,405$1,759,390
49$1,802,160$1,630,882$1,582,384$1,879,902
50$1,960,062$1,684,877$1,609,475$2,008,285
51$2,133,253$1,740,701$1,636,658$2,147,925
52$2,323,267$1,798,418$1,663,908$2,299,917
53$2,531,794$1,858,094$1,691,203$2,465,467
54$2,760,695$1,919,798$1,718,516$2,645,901
55$3,012,020$1,983,602$1,745,820$2,842,679
56$3,288,026$2,049,579$1,773,086$3,057,410
57$3,591,202$2,117,805$1,800,281$3,291,863
58$3,924,287$2,188,360$1,827,373$3,547,986
59$4,290,300$2,261,326$1,854,326$3,827,925
60$4,692,567$2,336,788$1,881,102$4,134,043
61$5,134,753$2,414,834$1,907,663$4,468,940
62$5,620,892$2,495,555$1,933,965$4,835,483
63$6,155,434$2,579,048$1,959,963$5,236,825
64$6,743,277$2,665,410$1,985,610$5,676,441
65$7,389,819$2,754,744$2,010,856$6,158,158
66$8,101,009$2,847,154$2,035,648$6,686,191
67$8,883,399$2,942,752$2,059,930$7,265,183
68$9,744,210$3,041,651$2,083,641$7,900,247
69$10,691,397$3,143,969$2,106,721$8,597,017
70$11,733,724$3,249,829$2,129,101$9,361,696
71$12,880,852$3,359,358$2,150,713$10,201,120
72$14,143,420$3,472,687$2,171,483$11,122,819
73$15,533,155$3,589,955$2,191,334$12,135,087
74$17,062,976$3,711,303$2,210,184$13,247,063
75$18,747,121$3,836,878$2,227,946$14,468,814
76$20,601,276$3,966,833$2,244,531$15,811,430
77$22,642,726$4,101,328$2,259,842$17,287,131
78$24,890,517$4,240,526$2,273,780$18,909,380
79$27,365,638$4,384,600$2,286,240$20,693,008
80$30,091,214$4,533,727$2,297,110$22,654,357
81$33,092,729$4,688,090$2,306,274$24,811,432
82$36,398,262$4,847,882$2,313,610$27,184,071
83$40,038,758$5,013,301$2,318,988$29,794,131
84$44,048,312$5,184,554$2,322,275$32,665,696
85$48,464,497$5,361,854$2,323,329$35,825,301
86$53,328,716$5,545,425$2,322,000$39,302,184
87$58,686,591$5,735,497$2,318,134$43,128,562
88$64,588,398$5,932,310$2,311,565$47,339,931
89$71,089,536$6,136,115$2,302,124$51,975,408
90$78,251,053$6,347,169$2,289,630$57,078,090
91$86,140,222$6,565,742$2,273,894$62,695,468
92$94,831,174$6,792,113$2,254,719$68,879,872
93$104,405,600$7,026,573$2,231,898$75,688,964
94$114,953,519$7,269,423$2,205,215$83,186,282
95$126,574,130$7,520,977$2,174,442$91,441,841
96$139,376,748$7,781,561$2,139,342$100,532,789
97$153,481,832$8,051,513$2,099,665$110,544,141
98$169,022,127$8,331,185$2,055,153$121,569,575
99$186,143,914$8,620,944$2,005,531$133,712,318
100$205,008,392$8,921,169$1,950,515$147,086,121