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%12.5%
1 years$124,694$123,584$122,500$121,442$120,410$119,152
2 years$61,730$60,580$59,466$58,386$57,338$56,072
3 years$40,744$39,590$38,478$37,408$36,377$35,142
4 years$30,254$29,103$28,002$26,951$25,945$24,749
5 years$23,961$22,817$21,731$20,701$19,723$18,570
6 years$19,767$18,632$17,562$16,554$15,606$14,498
7 years$16,773$15,647$14,594$13,610$12,692$11,630
8 years$14,528$13,412$12,377$11,417$10,529$9,512
9 years$12,783$11,678$10,660$9,725$8,867$7,895
10 years$11,388$10,293$9,294$8,383$7,555$6,627
11 years$10,247$9,164$8,182$7,296$6,498$5,614
12 years$9,297$8,225$7,261$6,399$5,631$4,789
13 years$8,494$7,433$6,488$5,650$4,910$4,110
14 years$7,806$6,756$5,829$5,015$4,304$3,545
15 years$7,211$6,172$5,263$4,473$3,790$3,070
16 years$6,690$5,663$4,772$4,005$3,349$2,668
17 years$6,231$5,215$4,342$3,598$2,970$2,325
18 years$5,823$4,819$3,964$3,243$2,641$2,031
19 years$5,459$4,466$3,629$2,930$2,354$1,779
20 years$5,132$4,150$3,330$2,654$2,102$1,560
21 years$4,836$3,866$3,063$2,408$1,881$1,371
22 years$4,568$3,608$2,823$2,190$1,686$1,206
23 years$4,323$3,375$2,607$1,994$1,514$1,063
24 years$4,099$3,162$2,411$1,819$1,361$937
25 years$3,893$2,967$2,233$1,661$1,224$827
26 years$3,703$2,789$2,071$1,519$1,103$731
27 years$3,528$2,625$1,923$1,390$994$646
28 years$3,365$2,473$1,788$1,274$897$572
29 years$3,214$2,333$1,664$1,168$810$506
30 years$3,074$2,204$1,549$1,072$732$448
31 years$2,942$2,083$1,445$985$662$397
32 years$2,819$1,971$1,348$905$599$352
33 years$2,704$1,867$1,258$832$542$312
34 years$2,596$1,769$1,176$766$491$277
35 years$2,494$1,678$1,099$705$444$245
36 years$2,398$1,593$1,028$649$403$218
37 years$2,308$1,513$963$598$365$193
38 years$2,222$1,438$901$551$331$171
39 years$2,141$1,367$844$508$300$152
40 years$2,064$1,301$792$469$272$135
41 years$1,992$1,238$742$433$247$120
42 years$1,922$1,179$696$399$224$107
43 years$1,857$1,123$653$368$203$95
44 years$1,794$1,071$613$340$184$84
45 years$1,734$1,021$576$314$167$75
46 years$1,678$974$541$290$152$66
47 years$1,623$930$508$268$138$59
48 years$1,571$887$477$248$125$52
49 years$1,522$847$449$229$114$47
50 years$1,474$809$422$212$103$41

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 $5,752 every year, while hoping to spend $25,131 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: 53/37/10 Blend
47$1,510,000$1,510,000$1,510,000$1,510,000
48$1,669,953$1,589,923$1,566,518$1,753,901
49$1,813,549$1,641,090$1,592,257$1,862,758
50$1,970,950$1,693,922$1,618,017$1,977,920
51$2,143,536$1,748,474$1,643,770$2,102,622
52$2,332,831$1,804,803$1,669,490$2,237,770
53$2,540,508$1,862,967$1,695,147$2,384,363
54$2,768,416$1,923,028$1,720,710$2,543,500
55$3,018,586$1,985,049$1,746,145$2,716,390
56$3,293,260$2,049,093$1,771,419$2,904,362
57$3,594,903$2,115,230$1,796,492$3,108,879
58$3,926,235$2,183,528$1,821,326$3,331,553
59$4,290,248$2,254,059$1,845,879$3,574,156
60$4,690,243$2,326,897$1,870,105$3,838,638
61$5,129,853$2,402,120$1,893,958$4,127,148
62$5,613,080$2,479,806$1,917,388$4,442,048
63$6,144,337$2,560,039$1,940,343$4,785,942
64$6,728,481$2,642,902$1,962,766$5,161,695
65$7,370,867$2,728,485$1,984,600$5,572,461
66$8,077,392$2,816,878$2,005,781$6,021,716
67$8,854,556$2,908,175$2,026,245$6,513,285
68$9,709,519$3,002,474$2,045,922$7,051,379
69$10,650,170$3,099,875$2,064,740$7,640,640
70$11,685,201$3,200,483$2,082,623$8,286,175
71$12,824,190$3,304,405$2,099,489$8,993,613
72$14,077,689$3,411,752$2,115,253$9,769,152
73$15,457,326$3,522,641$2,129,827$10,619,618
74$16,975,913$3,637,190$2,143,116$11,552,531
75$18,647,566$3,755,523$2,155,021$12,576,174
76$20,487,843$3,877,768$2,165,439$13,699,672
77$22,513,881$4,004,057$2,174,259$14,933,075
78$24,744,568$4,134,527$2,181,368$16,287,456
79$27,200,715$4,269,319$2,186,645$17,775,012
80$29,905,252$4,408,581$2,189,962$19,409,180
81$32,883,450$4,552,464$2,191,188$21,204,764
82$36,163,152$4,701,124$2,190,183$23,178,074
83$39,775,039$4,854,725$2,186,800$25,347,077
84$43,752,921$5,013,434$2,180,885$27,731,571
85$48,134,053$5,177,427$2,172,279$30,353,364
86$52,959,488$5,346,882$2,160,812$33,236,488
87$58,274,464$5,521,988$2,146,307$36,407,417
88$64,128,831$5,702,936$2,128,580$39,895,325
89$70,577,519$5,889,928$2,107,435$43,732,351
90$77,681,062$6,083,170$2,082,670$47,953,909
91$85,506,162$6,282,877$2,054,071$52,599,021
92$94,126,323$6,489,271$2,021,415$57,710,679
93$103,622,545$6,702,582$1,984,469$63,336,257
94$114,084,084$6,923,048$1,942,988$69,527,956
95$125,609,299$7,150,916$1,896,718$76,343,291
96$138,306,579$7,386,442$1,845,389$83,845,639
97$152,295,363$7,629,891$1,788,722$92,104,834
98$167,707,271$7,881,536$1,726,425$101,197,827
99$184,687,343$8,141,662$1,658,191$111,209,410
100$203,395,411$8,410,562$1,583,699$122,233,014