Can I retire at age 48 with 1,530,000?

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 $1,530,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$126,346$125,221$124,123$123,051$122,004$117,535
2 years$62,548$61,383$60,254$59,159$58,097$53,645
3 years$41,284$40,114$38,988$37,904$36,859$32,563
4 years$30,655$29,488$28,373$27,308$26,288$22,181
5 years$24,278$23,119$22,019$20,975$19,984$16,077
6 years$20,029$18,878$17,795$16,774$15,813$12,108
7 years$16,995$15,854$14,787$13,791$12,860$9,357
8 years$14,721$13,590$12,541$11,569$10,669$7,364
9 years$12,952$11,832$10,801$9,854$8,984$5,874
10 years$11,539$10,430$9,417$8,494$7,655$4,733
11 years$10,383$9,285$8,291$7,392$6,584$3,844
12 years$9,420$8,334$7,358$6,484$5,705$3,142
13 years$8,606$7,531$6,574$5,725$4,975$2,580
14 years$7,910$6,846$5,906$5,082$4,361$2,127
15 years$7,306$6,254$5,333$4,532$3,840$1,759
16 years$6,778$5,738$4,835$4,058$3,394$1,459
17 years$6,313$5,284$4,399$3,646$3,009$1,212
18 years$5,901$4,883$4,016$3,286$2,676$1,009
19 years$5,532$4,525$3,677$2,969$2,385$841
20 years$5,200$4,205$3,374$2,689$2,130$702
21 years$4,900$3,917$3,104$2,440$1,906$586
22 years$4,628$3,656$2,860$2,219$1,709$490
23 years$4,380$3,420$2,641$2,021$1,534$410
24 years$4,153$3,204$2,443$1,843$1,379$343
25 years$3,945$3,007$2,262$1,683$1,241$288
26 years$3,752$2,826$2,098$1,539$1,117$241
27 years$3,575$2,660$1,948$1,409$1,007$202
28 years$3,410$2,506$1,811$1,291$909$169
29 years$3,257$2,364$1,686$1,184$821$142
30 years$3,114$2,233$1,570$1,086$742$119
31 years$2,981$2,111$1,464$998$671$100
32 years$2,857$1,997$1,366$917$607$84
33 years$2,740$1,891$1,275$843$549$70
34 years$2,630$1,793$1,191$776$497$59
35 years$2,527$1,700$1,114$714$450$50
36 years$2,430$1,614$1,042$658$408$42
37 years$2,338$1,533$975$606$370$35
38 years$2,252$1,457$913$559$335$29
39 years$2,170$1,385$856$515$304$25
40 years$2,092$1,318$802$475$276$21
41 years$2,018$1,254$752$438$250$17
42 years$1,948$1,195$705$404$227$15
43 years$1,881$1,138$662$373$206$12
44 years$1,818$1,085$621$345$187$10
45 years$1,757$1,035$583$318$170$9
46 years$1,700$987$548$294$154$7
47 years$1,645$942$515$272$140$6
48 years$1,592$899$484$251$127$5
49 years$1,542$859$455$232$115$4
50 years$1,494$820$428$214$105$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,530,000, adding $2,083 every year, while hoping to spend $28,954 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: 33/47/20 Blend
47$1,530,000$1,530,000$1,530,000$1,530,000
48$1,688,209$1,607,119$1,583,404$1,733,445
49$1,829,599$1,655,061$1,605,641$1,815,185
50$1,984,441$1,704,381$1,627,653$1,900,423
51$2,154,076$1,755,118$1,649,401$1,991,686
52$2,339,981$1,807,308$1,670,845$2,089,521
53$2,543,783$1,860,990$1,691,942$2,194,531
54$2,767,274$1,916,204$1,712,648$2,307,378
55$3,012,429$1,972,991$1,732,914$2,428,789
56$3,281,420$2,031,391$1,752,690$2,559,565
57$3,576,643$2,091,447$1,771,923$2,700,587
58$3,900,734$2,153,202$1,790,557$2,852,824
59$4,256,601$2,216,700$1,808,532$3,017,341
60$4,647,442$2,281,986$1,825,786$3,195,313
61$5,076,784$2,349,107$1,842,253$3,388,030
62$5,548,511$2,418,108$1,857,863$3,596,914
63$6,066,902$2,489,038$1,872,544$3,823,530
64$6,636,671$2,561,946$1,886,219$4,069,599
65$7,263,011$2,636,881$1,898,807$4,337,019
66$7,951,644$2,713,893$1,910,223$4,627,877
67$8,708,873$2,793,036$1,920,377$4,944,474
68$9,541,643$2,874,360$1,929,175$5,289,340
69$10,457,607$2,957,920$1,936,519$5,665,266
70$11,465,195$3,043,770$1,942,304$6,075,322
71$12,573,695$3,131,965$1,946,421$6,522,891
72$13,793,343$3,222,562$1,948,757$7,011,700
73$15,135,414$3,315,617$1,949,191$7,545,852
74$16,612,333$3,411,190$1,947,596$8,129,869
75$18,237,792$3,509,339$1,943,841$8,768,730
76$20,026,873$3,610,123$1,937,786$9,467,924
77$21,996,199$3,713,604$1,929,287$10,233,493
78$24,164,084$3,819,843$1,918,190$11,072,098
79$26,550,707$3,928,902$1,904,337$11,991,075
80$29,178,306$4,040,845$1,887,558$12,998,506
81$32,071,381$4,155,734$1,867,680$14,103,298
82$35,256,932$4,273,635$1,844,517$15,315,262
83$38,764,709$4,394,613$1,817,878$16,645,211
84$42,627,493$4,518,734$1,787,561$18,105,057
85$46,881,409$4,646,062$1,753,355$19,707,924
86$51,566,259$4,776,666$1,715,040$21,468,277
87$56,725,908$4,910,613$1,672,384$23,402,051
88$62,408,687$5,047,969$1,625,145$25,526,807
89$68,667,856$5,188,804$1,573,071$27,861,894
90$75,562,106$5,333,183$1,515,897$30,428,636
91$83,156,108$5,481,177$1,453,347$33,250,526
92$91,521,129$5,632,852$1,385,132$36,353,456
93$100,735,699$5,788,277$1,310,949$39,765,955
94$110,886,357$5,947,519$1,230,482$43,519,463
95$122,068,464$6,110,646$1,143,402$47,648,623
96$134,387,104$6,277,724$1,049,363$52,191,613
97$147,958,077$6,448,821$948,004$57,190,503
98$162,908,989$6,624,001$838,951$62,691,652
99$179,380,458$6,803,330$721,808$68,746,148
100$197,527,442$6,986,870$596,166$75,410,291