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%16.5%
1 years$125,520$124,402$123,311$122,247$121,207$117,990
2 years$62,139$60,981$59,860$58,772$57,718$54,499
3 years$41,014$39,852$38,733$37,656$36,618$33,499
4 years$30,454$29,295$28,188$27,129$26,117$23,120
5 years$24,120$22,968$21,875$20,838$19,853$16,988
6 years$19,898$18,755$17,678$16,664$15,709$12,978
7 years$16,884$15,751$14,691$13,700$12,776$10,179
8 years$14,624$13,501$12,459$11,493$10,599$8,135
9 years$12,868$11,755$10,731$9,789$8,926$6,593
10 years$11,463$10,362$9,355$8,439$7,605$5,400
11 years$10,315$9,224$8,236$7,344$6,541$4,460
12 years$9,359$8,279$7,310$6,442$5,668$3,708
13 years$8,550$7,482$6,531$5,687$4,943$3,099
14 years$7,858$6,801$5,868$5,048$4,333$2,602
15 years$7,258$6,213$5,298$4,502$3,815$2,192
16 years$6,734$5,700$4,803$4,031$3,372$1,852
17 years$6,272$5,250$4,371$3,622$2,989$1,568
18 years$5,862$4,851$3,990$3,264$2,658$1,331
19 years$5,495$4,496$3,653$2,950$2,369$1,132
20 years$5,166$4,178$3,352$2,671$2,116$963
21 years$4,868$3,891$3,083$2,424$1,894$821
22 years$4,598$3,632$2,842$2,204$1,698$701
23 years$4,352$3,397$2,624$2,008$1,524$598
24 years$4,126$3,183$2,427$1,831$1,370$511
25 years$3,919$2,987$2,248$1,672$1,232$437
26 years$3,728$2,807$2,084$1,529$1,110$374
27 years$3,551$2,642$1,936$1,399$1,001$320
28 years$3,388$2,490$1,799$1,282$903$274
29 years$3,236$2,349$1,675$1,176$815$235
30 years$3,094$2,218$1,560$1,079$737$201
31 years$2,962$2,097$1,454$991$666$173
32 years$2,838$1,984$1,357$911$603$148
33 years$2,722$1,879$1,267$838$545$127
34 years$2,613$1,781$1,184$771$494$109
35 years$2,511$1,689$1,107$709$447$93
36 years$2,414$1,603$1,035$653$405$80
37 years$2,323$1,523$969$602$367$69
38 years$2,237$1,447$907$555$333$59
39 years$2,155$1,376$850$512$302$51
40 years$2,078$1,309$797$472$274$43
41 years$2,005$1,246$747$435$248$37
42 years$1,935$1,187$701$402$225$32
43 years$1,869$1,131$658$371$205$27
44 years$1,806$1,078$617$342$186$24
45 years$1,746$1,028$580$316$169$20
46 years$1,689$981$544$292$153$17
47 years$1,634$936$511$270$139$15
48 years$1,582$893$481$249$126$13
49 years$1,532$853$452$231$115$11
50 years$1,484$815$425$213$104$9

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 $6,311 every year, while hoping to spend $21,351 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: 57/27/16 Blend
47$1,520,000$1,520,000$1,520,000$1,520,000
48$1,681,550$1,600,990$1,577,430$1,770,041
49$1,830,351$1,656,721$1,607,556$1,886,518
50$1,993,613$1,714,467$1,637,977$2,010,511
51$2,172,791$1,774,305$1,668,678$2,145,141
52$2,369,483$1,836,314$1,699,646$2,291,433
53$2,585,453$1,900,575$1,730,866$2,450,516
54$2,822,641$1,967,176$1,762,323$2,623,630
55$3,083,187$2,036,204$1,793,997$2,812,142
56$3,369,446$2,107,752$1,825,870$3,017,554
57$3,684,015$2,181,918$1,857,922$3,241,522
58$4,029,753$2,258,800$1,890,131$3,485,866
59$4,409,810$2,338,503$1,922,473$3,752,590
60$4,827,658$2,421,137$1,954,922$4,043,901
61$5,287,119$2,506,812$1,987,452$4,362,229
62$5,792,407$2,595,648$2,020,033$4,710,249
63$6,348,163$2,687,765$2,052,635$5,090,905
64$6,959,502$2,783,292$2,085,225$5,507,441
65$7,632,057$2,882,360$2,117,766$5,963,428
66$8,372,038$2,985,107$2,150,223$6,462,798
67$9,186,285$3,091,676$2,182,554$7,009,882
68$10,082,335$3,202,216$2,214,718$7,609,449
69$11,068,491$3,316,883$2,246,669$8,266,753
70$12,153,905$3,435,838$2,278,360$8,987,579
71$13,348,658$3,559,249$2,309,741$9,778,300
72$14,663,861$3,687,292$2,340,756$10,645,934
73$16,111,754$3,820,148$2,371,351$11,598,213
74$17,705,825$3,958,008$2,401,464$12,643,655
75$19,460,938$4,101,070$2,431,032$13,791,639
76$21,393,470$4,249,538$2,459,987$15,052,502
77$23,521,467$4,403,628$2,488,260$16,437,626
78$25,864,814$4,563,564$2,515,774$17,959,556
79$28,445,424$4,729,577$2,542,451$19,632,106
80$31,287,441$4,901,910$2,568,207$21,470,499
81$34,417,472$5,080,816$2,592,955$23,491,504
82$37,864,837$5,266,558$2,616,600$25,713,597
83$41,661,840$5,459,410$2,639,047$28,157,133
84$45,844,085$5,659,658$2,660,192$30,844,539
85$50,450,799$5,867,598$2,679,926$33,800,521
86$55,525,212$6,083,543$2,698,135$37,052,304
87$61,114,962$6,307,814$2,714,701$40,629,882
88$67,272,540$6,540,749$2,729,495$44,566,302
89$74,055,793$6,782,700$2,742,387$48,897,978
90$81,528,463$7,034,032$2,753,236$53,665,030
91$89,760,794$7,295,126$2,761,897$58,911,664
92$98,830,190$7,566,382$2,768,216$64,686,588
93$108,821,948$7,848,214$2,772,030$71,043,474
94$119,830,065$8,141,055$2,773,171$78,041,458
95$131,958,121$8,445,356$2,771,462$85,745,701
96$145,320,258$8,761,587$2,766,714$94,228,003
97$160,042,259$9,090,240$2,758,734$103,567,482
98$176,262,733$9,431,825$2,747,315$113,851,313
99$194,134,425$9,786,877$2,732,243$125,175,557
100$213,825,655$10,155,953$2,713,292$137,646,065