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%18.6%
1 years$123,869$122,765$121,689$120,638$119,612$115,460
2 years$61,321$60,179$59,072$57,999$56,958$52,818
3 years$40,475$39,328$38,224$37,161$36,137$32,138
4 years$30,053$28,910$27,817$26,772$25,773$21,947
5 years$23,802$22,666$21,587$20,564$19,592$15,949
6 years$19,636$18,508$17,446$16,445$15,503$12,045
7 years$16,662$15,543$14,497$13,520$12,608$9,335
8 years$14,432$13,323$12,295$11,342$10,459$7,368
9 years$12,698$11,600$10,590$9,661$8,808$5,896
10 years$11,312$10,225$9,232$8,328$7,505$4,766
11 years$10,179$9,103$8,128$7,247$6,455$3,883
12 years$9,236$8,170$7,213$6,357$5,593$3,184
13 years$8,438$7,384$6,445$5,612$4,878$2,624
14 years$7,754$6,711$5,791$4,982$4,276$2,171
15 years$7,163$6,131$5,228$4,443$3,765$1,802
16 years$6,646$5,625$4,740$3,978$3,327$1,499
17 years$6,190$5,181$4,313$3,574$2,950$1,251
18 years$5,785$4,787$3,937$3,221$2,623$1,045
19 years$5,423$4,437$3,605$2,911$2,338$874
20 years$5,098$4,123$3,308$2,636$2,088$733
21 years$4,804$3,840$3,043$2,393$1,869$614
22 years$4,537$3,585$2,804$2,175$1,675$516
23 years$4,294$3,353$2,589$1,981$1,504$433
24 years$4,072$3,141$2,395$1,807$1,352$364
25 years$3,867$2,948$2,218$1,650$1,216$306
26 years$3,679$2,770$2,057$1,509$1,096$258
27 years$3,505$2,607$1,910$1,381$988$217
28 years$3,343$2,457$1,776$1,265$891$182
29 years$3,193$2,318$1,652$1,160$805$154
30 years$3,053$2,189$1,539$1,065$727$129
31 years$2,923$2,069$1,435$978$657$109
32 years$2,801$1,958$1,339$899$595$92
33 years$2,686$1,854$1,250$827$538$77
34 years$2,579$1,757$1,168$761$487$65
35 years$2,478$1,667$1,092$700$441$55
36 years$2,382$1,582$1,022$645$400$46
37 years$2,292$1,503$956$594$362$39
38 years$2,207$1,428$895$548$329$33
39 years$2,127$1,358$839$505$298$28
40 years$2,051$1,292$786$466$270$23
41 years$1,978$1,230$737$430$245$20
42 years$1,910$1,171$692$397$222$17
43 years$1,844$1,116$649$366$202$14
44 years$1,782$1,064$609$338$183$12
45 years$1,723$1,014$572$312$166$10
46 years$1,666$968$537$288$151$8
47 years$1,613$923$505$266$137$7
48 years$1,561$882$474$246$125$6
49 years$1,512$842$446$227$113$5
50 years$1,465$804$419$210$103$4

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 $4,075 every year, while hoping to spend $55,758 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: 37/38/25 Blend
47$1,500,000$1,500,000$1,500,000$1,500,000
48$1,657,203$1,577,703$1,554,453$1,705,972
49$1,766,912$1,595,685$1,547,201$1,760,111
50$1,885,942$1,612,678$1,537,838$1,813,120
51$2,015,186$1,628,577$1,526,233$1,869,282
52$2,155,624$1,643,267$1,512,251$1,928,916
53$2,308,336$1,656,625$1,495,749$1,992,377
54$2,474,509$1,668,522$1,476,580$2,060,058
55$2,655,449$1,678,820$1,454,585$2,132,398
56$2,852,594$1,687,371$1,429,603$2,209,882
57$3,067,526$1,694,020$1,401,463$2,293,048
58$3,301,986$1,698,600$1,369,984$2,382,494
59$3,557,890$1,700,933$1,334,980$2,478,883
60$3,837,349$1,700,832$1,296,256$2,582,948
61$4,142,684$1,698,098$1,253,606$2,695,506
62$4,476,451$1,692,519$1,206,815$2,817,458
63$4,841,466$1,683,869$1,155,660$2,949,806
64$5,240,828$1,671,911$1,099,907$3,093,656
65$5,677,949$1,656,391$1,039,310$3,250,237
66$6,156,586$1,637,041$973,614$3,420,908
67$6,680,879$1,613,577$902,551$3,607,174
68$7,255,383$1,585,697$825,841$3,810,700
69$7,885,119$1,553,082$743,193$4,033,332
70$8,575,612$1,515,394$654,301$4,277,108
71$9,332,951$1,472,275$558,847$4,544,286
72$10,163,842$1,423,347$456,498$4,837,365
73$11,075,670$1,368,206$346,907$5,159,104
74$12,076,570$1,306,431$229,710$5,512,560
75$13,175,504$1,237,570$104,530$5,901,110
76$14,382,344$1,161,150$0$6,328,487
77$15,707,965$1,076,667$0$6,806,570
78$17,164,345$983,592$0$7,362,430
79$18,764,682$881,362$0$7,973,311
80$20,523,516$769,384$0$8,644,904
81$22,456,862$647,032$0$9,383,488
82$24,582,368$513,643$0$10,195,994
83$26,919,476$368,517$0$11,090,070
84$29,489,604$210,916$0$12,074,152
85$32,316,352$40,060$0$13,157,552
86$35,425,721$0$0$14,350,542
87$38,846,358$0$0$15,725,034
88$42,609,827$0$0$17,255,955
89$46,750,907$0$0$18,940,728
90$51,307,914$0$0$20,794,976
91$56,323,072$0$0$22,835,909
92$61,842,901$0$0$25,082,492
93$67,918,661$0$0$27,555,623
94$74,606,834$0$0$30,278,326
95$81,969,655$0$0$33,275,974
96$90,075,701$0$0$36,576,524
97$99,000,536$0$0$40,210,781
98$108,827,423$0$0$44,212,692
99$119,648,110$0$0$48,619,660
100$131,563,697$0$0$53,472,903