Can I retire at age 48 with 1,510,000?

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 $1,510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$124,694$123,584$122,500$121,442$120,410$119,550
2 years$61,730$60,580$59,466$58,386$57,338$56,472
3 years$40,744$39,590$38,478$37,408$36,377$35,531
4 years$30,254$29,103$28,002$26,951$25,945$25,124
5 years$23,961$22,817$21,731$20,701$19,723$18,931
6 years$19,767$18,632$17,562$16,554$15,606$14,844
7 years$16,773$15,647$14,594$13,610$12,692$11,960
8 years$14,528$13,412$12,377$11,417$10,529$9,827
9 years$12,783$11,678$10,660$9,725$8,867$8,194
10 years$11,388$10,293$9,294$8,383$7,555$6,912
11 years$10,247$9,164$8,182$7,296$6,498$5,883
12 years$9,297$8,225$7,261$6,399$5,631$5,045
13 years$8,494$7,433$6,488$5,650$4,910$4,352
14 years$7,806$6,756$5,829$5,015$4,304$3,773
15 years$7,211$6,172$5,263$4,473$3,790$3,285
16 years$6,690$5,663$4,772$4,005$3,349$2,870
17 years$6,231$5,215$4,342$3,598$2,970$2,516
18 years$5,823$4,819$3,964$3,243$2,641$2,211
19 years$5,459$4,466$3,629$2,930$2,354$1,947
20 years$5,132$4,150$3,330$2,654$2,102$1,718
21 years$4,836$3,866$3,063$2,408$1,881$1,518
22 years$4,568$3,608$2,823$2,190$1,686$1,344
23 years$4,323$3,375$2,607$1,994$1,514$1,191
24 years$4,099$3,162$2,411$1,819$1,361$1,057
25 years$3,893$2,967$2,233$1,661$1,224$939
26 years$3,703$2,789$2,071$1,519$1,103$835
27 years$3,528$2,625$1,923$1,390$994$743
28 years$3,365$2,473$1,788$1,274$897$661
29 years$3,214$2,333$1,664$1,168$810$589
30 years$3,074$2,204$1,549$1,072$732$525
31 years$2,942$2,083$1,445$985$662$468
32 years$2,819$1,971$1,348$905$599$418
33 years$2,704$1,867$1,258$832$542$373
34 years$2,596$1,769$1,176$766$491$333
35 years$2,494$1,678$1,099$705$444$297
36 years$2,398$1,593$1,028$649$403$265
37 years$2,308$1,513$963$598$365$237
38 years$2,222$1,438$901$551$331$212
39 years$2,141$1,367$844$508$300$189
40 years$2,064$1,301$792$469$272$169
41 years$1,992$1,238$742$433$247$151
42 years$1,922$1,179$696$399$224$135
43 years$1,857$1,123$653$368$203$121
44 years$1,794$1,071$613$340$184$108
45 years$1,734$1,021$576$314$167$97
46 years$1,678$974$541$290$152$87
47 years$1,623$930$508$268$138$78
48 years$1,571$887$477$248$125$69
49 years$1,522$847$449$229$114$62
50 years$1,474$809$422$212$103$56

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,510,000, adding $2,806 every year, while hoping to spend $36,830 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: 61/13/26 Blend
47$1,510,000$1,510,000$1,510,000$1,510,000
48$1,666,914$1,586,884$1,563,479$1,756,835
49$1,797,753$1,625,455$1,576,669$1,856,845
50$1,940,702$1,664,681$1,589,066$1,961,714
51$2,096,960$1,704,556$1,600,606$2,075,390
52$2,267,842$1,745,071$1,611,218$2,198,739
53$2,454,799$1,786,217$1,620,831$2,332,714
54$2,659,428$1,827,982$1,629,369$2,478,368
55$2,883,488$1,870,351$1,636,751$2,636,859
56$3,128,916$1,913,310$1,642,894$2,809,464
57$3,397,843$1,956,840$1,647,709$2,997,591
58$3,692,619$2,000,922$1,651,103$3,202,791
59$4,015,831$2,045,531$1,652,980$3,426,773
60$4,370,326$2,090,643$1,653,235$3,671,423
61$4,759,244$2,136,229$1,651,763$3,938,817
62$5,186,041$2,182,258$1,648,451$4,231,244
63$5,654,524$2,228,695$1,643,181$4,551,226
64$6,168,886$2,275,502$1,635,828$4,901,546
65$6,733,748$2,322,637$1,626,264$5,285,266
66$7,354,198$2,370,054$1,614,351$5,705,767
67$8,035,842$2,417,703$1,599,948$6,166,772
68$8,784,857$2,465,530$1,582,906$6,672,384
69$9,608,047$2,513,475$1,563,067$7,227,128
70$10,512,906$2,561,474$1,540,269$7,835,990
71$11,507,694$2,609,457$1,514,339$8,504,465
72$12,601,508$2,657,349$1,485,098$9,238,611
73$13,804,371$2,705,069$1,452,359$10,045,105
74$15,127,329$2,752,529$1,415,925$10,931,306
75$16,582,547$2,799,634$1,375,589$11,905,325
76$18,183,434$2,846,283$1,331,138$12,976,104
77$19,944,759$2,892,365$1,282,346$14,153,495
78$21,882,797$2,937,764$1,228,977$15,448,361
79$24,015,481$2,982,354$1,170,787$16,872,673
80$26,362,569$3,025,998$1,107,517$18,439,625
81$28,945,831$3,068,552$1,038,899$20,163,760
82$31,789,256$3,109,861$964,652$22,061,107
83$34,919,276$3,149,760$884,483$24,149,333
84$38,365,014$3,188,070$798,086$26,447,909
85$42,158,562$3,224,602$705,138$28,978,297
86$46,335,282$3,259,155$605,307$31,764,149
87$50,934,139$3,291,511$498,243$34,831,537
88$55,998,068$3,321,442$383,582$38,209,192
89$61,574,381$3,348,702$260,941$41,928,784
90$67,715,209$3,373,030$129,924$46,025,213
91$74,477,999$3,394,147$0$50,536,948
92$81,926,053$3,411,758$0$55,509,130
93$90,129,124$3,425,548$0$61,024,382
94$99,164,077$3,435,182$0$67,098,247
95$109,115,611$3,440,305$0$73,787,612
96$120,077,061$3,440,537$0$81,155,165
97$132,151,275$3,435,478$0$89,269,989
98$145,451,590$3,424,701$0$98,208,210
99$160,102,895$3,407,754$0$108,053,719
100$176,242,813$3,384,157$0$118,898,963