Can I retire at age 48 with 1,520,000?

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 $1,520,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$125,520$124,402$123,311$122,247$121,207$118,518
2 years$62,139$60,981$59,860$58,772$57,718$55,022
3 years$41,014$39,852$38,733$37,656$36,618$34,001
4 years$30,454$29,295$28,188$27,129$26,117$23,597
5 years$24,120$22,968$21,875$20,838$19,853$17,439
6 years$19,898$18,755$17,678$16,664$15,709$13,403
7 years$16,884$15,751$14,691$13,700$12,776$10,578
8 years$14,624$13,501$12,459$11,493$10,599$8,508
9 years$12,868$11,755$10,731$9,789$8,926$6,941
10 years$11,463$10,362$9,355$8,439$7,605$5,724
11 years$10,315$9,224$8,236$7,344$6,541$4,761
12 years$9,359$8,279$7,310$6,442$5,668$3,987
13 years$8,550$7,482$6,531$5,687$4,943$3,357
14 years$7,858$6,801$5,868$5,048$4,333$2,839
15 years$7,258$6,213$5,298$4,502$3,815$2,410
16 years$6,734$5,700$4,803$4,031$3,372$2,053
17 years$6,272$5,250$4,371$3,622$2,989$1,752
18 years$5,862$4,851$3,990$3,264$2,658$1,499
19 years$5,495$4,496$3,653$2,950$2,369$1,285
20 years$5,166$4,178$3,352$2,671$2,116$1,103
21 years$4,868$3,891$3,083$2,424$1,894$948
22 years$4,598$3,632$2,842$2,204$1,698$816
23 years$4,352$3,397$2,624$2,008$1,524$703
24 years$4,126$3,183$2,427$1,831$1,370$606
25 years$3,919$2,987$2,248$1,672$1,232$523
26 years$3,728$2,807$2,084$1,529$1,110$451
27 years$3,551$2,642$1,936$1,399$1,001$390
28 years$3,388$2,490$1,799$1,282$903$337
29 years$3,236$2,349$1,675$1,176$815$291
30 years$3,094$2,218$1,560$1,079$737$252
31 years$2,962$2,097$1,454$991$666$218
32 years$2,838$1,984$1,357$911$603$188
33 years$2,722$1,879$1,267$838$545$163
34 years$2,613$1,781$1,184$771$494$141
35 years$2,511$1,689$1,107$709$447$122
36 years$2,414$1,603$1,035$653$405$106
37 years$2,323$1,523$969$602$367$92
38 years$2,237$1,447$907$555$333$79
39 years$2,155$1,376$850$512$302$69
40 years$2,078$1,309$797$472$274$59
41 years$2,005$1,246$747$435$248$52
42 years$1,935$1,187$701$402$225$45
43 years$1,869$1,131$658$371$205$39
44 years$1,806$1,078$617$342$186$33
45 years$1,746$1,028$580$316$169$29
46 years$1,689$981$544$292$153$25
47 years$1,634$936$511$270$139$22
48 years$1,582$893$481$249$126$19
49 years$1,532$853$452$231$115$16
50 years$1,484$815$425$213$104$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,520,000, adding $3,108 every year, while hoping to spend $47,444 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: 54/39/7 Blend
47$1,520,000$1,520,000$1,520,000$1,520,000
48$1,678,246$1,597,686$1,574,126$1,765,955
49$1,798,947$1,625,492$1,576,379$1,853,429
50$1,930,369$1,653,071$1,577,118$1,943,094
51$2,073,557$1,680,362$1,576,241$2,039,529
52$2,229,657$1,707,297$1,573,642$2,143,382
53$2,399,935$1,733,807$1,569,212$2,255,369
54$2,585,781$1,759,816$1,562,833$2,376,279
55$2,788,726$1,785,243$1,554,384$2,506,981
56$3,010,456$1,810,000$1,543,736$2,648,433
57$3,252,827$1,833,994$1,530,755$2,801,692
58$3,517,882$1,857,127$1,515,302$2,967,922
59$3,807,871$1,879,291$1,497,230$3,148,410
60$4,125,270$1,900,372$1,476,383$3,344,570
61$4,472,807$1,920,250$1,452,601$3,557,965
62$4,853,486$1,938,795$1,425,716$3,790,318
63$5,270,614$1,955,868$1,395,550$4,043,528
64$5,727,835$1,971,324$1,361,919$4,319,688
65$6,229,160$1,985,005$1,324,630$4,621,110
66$6,779,009$1,996,745$1,283,479$4,950,340
67$7,382,248$2,006,365$1,238,256$5,310,186
68$8,044,238$2,013,678$1,188,739$5,703,745
69$8,770,885$2,018,484$1,134,696$6,134,434
70$9,568,694$2,020,567$1,075,887$6,606,018
71$10,444,829$2,019,703$1,012,057$7,122,651
72$11,407,184$2,015,651$942,943$7,688,911
73$12,464,453$2,008,155$868,269$8,309,851
74$13,626,218$1,996,945$787,746$8,991,038
75$14,903,029$1,981,732$701,073$9,738,613
76$16,306,514$1,962,213$607,935$10,559,348
77$17,849,480$1,938,063$508,002$11,460,708
78$19,546,040$1,908,941$400,933$12,450,927
79$21,411,740$1,874,483$286,368$13,539,081
80$23,463,709$1,834,305$163,934$14,735,181
81$25,720,821$1,787,999$33,239$16,050,262
82$28,203,868$1,735,134$0$17,496,492
83$30,935,760$1,675,254$0$19,095,222
84$33,941,742$1,607,875$0$20,856,476
85$37,249,625$1,532,486$0$22,794,108
86$40,890,056$1,448,547$0$24,926,136
87$44,896,801$1,355,486$0$27,272,419
88$49,307,067$1,252,697$0$29,854,850
89$54,161,851$1,139,542$0$32,697,563
90$59,506,324$1,015,344$0$35,827,165
91$65,390,262$879,389$0$39,272,982
92$71,868,513$730,922$0$43,067,345
93$79,001,510$569,147$0$47,245,890
94$86,855,850$393,221$0$51,847,904
95$95,504,912$202,254$0$56,916,688
96$105,029,556$0$0$62,499,977
97$115,518,882$0$0$68,652,401
98$127,071,074$0$0$75,524,026
99$139,794,321$0$0$83,092,433
100$153,807,842$0$0$91,428,563