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%13.6%
1 years$126,346$125,221$124,123$123,051$122,004$120,181
2 years$62,548$61,383$60,254$59,159$58,097$56,265
3 years$41,284$40,114$38,988$37,904$36,859$35,074
4 years$30,655$29,488$28,373$27,308$26,288$24,564
5 years$24,278$23,119$22,019$20,975$19,984$18,326
6 years$20,029$18,878$17,795$16,774$15,813$14,223
7 years$16,995$15,854$14,787$13,791$12,860$11,339
8 years$14,721$13,590$12,541$11,569$10,669$9,216
9 years$12,952$11,832$10,801$9,854$8,984$7,600
10 years$11,539$10,430$9,417$8,494$7,655$6,337
11 years$10,383$9,285$8,291$7,392$6,584$5,331
12 years$9,420$8,334$7,358$6,484$5,705$4,516
13 years$8,606$7,531$6,574$5,725$4,975$3,848
14 years$7,910$6,846$5,906$5,082$4,361$3,295
15 years$7,306$6,254$5,333$4,532$3,840$2,832
16 years$6,778$5,738$4,835$4,058$3,394$2,442
17 years$6,313$5,284$4,399$3,646$3,009$2,112
18 years$5,901$4,883$4,016$3,286$2,676$1,831
19 years$5,532$4,525$3,677$2,969$2,385$1,590
20 years$5,200$4,205$3,374$2,689$2,130$1,384
21 years$4,900$3,917$3,104$2,440$1,906$1,206
22 years$4,628$3,656$2,860$2,219$1,709$1,052
23 years$4,380$3,420$2,641$2,021$1,534$919
24 years$4,153$3,204$2,443$1,843$1,379$804
25 years$3,945$3,007$2,262$1,683$1,241$703
26 years$3,752$2,826$2,098$1,539$1,117$616
27 years$3,575$2,660$1,948$1,409$1,007$540
28 years$3,410$2,506$1,811$1,291$909$473
29 years$3,257$2,364$1,686$1,184$821$415
30 years$3,114$2,233$1,570$1,086$742$364
31 years$2,981$2,111$1,464$998$671$320
32 years$2,857$1,997$1,366$917$607$281
33 years$2,740$1,891$1,275$843$549$247
34 years$2,630$1,793$1,191$776$497$217
35 years$2,527$1,700$1,114$714$450$191
36 years$2,430$1,614$1,042$658$408$168
37 years$2,338$1,533$975$606$370$147
38 years$2,252$1,457$913$559$335$130
39 years$2,170$1,385$856$515$304$114
40 years$2,092$1,318$802$475$276$100
41 years$2,018$1,254$752$438$250$88
42 years$1,948$1,195$705$404$227$78
43 years$1,881$1,138$662$373$206$68
44 years$1,818$1,085$621$345$187$60
45 years$1,757$1,035$583$318$170$53
46 years$1,700$987$548$294$154$46
47 years$1,645$942$515$272$140$41
48 years$1,592$899$484$251$127$36
49 years$1,542$859$455$232$115$32
50 years$1,494$820$428$214$105$28

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 $4,344 every year, while hoping to spend $43,459 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: 27/46/27 Blend
47$1,530,000$1,530,000$1,530,000$1,530,000
48$1,690,541$1,609,451$1,585,736$1,721,855
49$1,816,736$1,642,074$1,592,618$1,780,064
50$1,954,346$1,674,839$1,598,274$1,838,483
51$2,104,491$1,707,707$1,602,617$1,900,318
52$2,268,400$1,740,636$1,605,556$1,965,889
53$2,447,429$1,773,580$1,606,995$2,035,550
54$2,643,071$1,806,489$1,606,833$2,109,693
55$2,856,967$1,839,309$1,604,964$2,188,753
56$3,090,926$1,871,984$1,601,279$2,273,207
57$3,346,939$1,904,450$1,595,660$2,363,586
58$3,627,198$1,936,639$1,587,987$2,460,477
59$3,934,119$1,968,481$1,578,131$2,564,526
60$4,270,359$1,999,897$1,565,958$2,676,451
61$4,638,847$2,030,803$1,551,329$2,797,044
62$5,042,808$2,061,111$1,534,097$2,927,179
63$5,485,792$2,090,723$1,514,107$3,067,825
64$5,971,713$2,119,538$1,491,200$3,220,051
65$6,504,878$2,147,446$1,465,205$3,385,039
66$7,090,033$2,174,329$1,435,947$3,564,095
67$7,732,407$2,200,061$1,403,242$3,758,663
68$8,437,757$2,224,509$1,366,895$3,970,338
69$9,212,427$2,247,528$1,326,705$4,200,882
70$10,063,405$2,268,968$1,282,460$4,452,241
71$10,998,389$2,288,664$1,233,939$4,726,566
72$12,025,860$2,306,444$1,180,911$5,026,232
73$13,155,160$2,322,122$1,123,134$5,353,863
74$14,396,583$2,335,502$1,060,356$5,712,356
75$15,761,468$2,346,376$992,312$6,104,910
76$17,262,309$2,354,520$918,725$6,535,059
77$18,912,871$2,359,697$839,309$7,006,704
78$20,728,319$2,361,658$753,761$7,524,152
79$22,725,362$2,360,134$661,767$8,092,158
80$24,922,411$2,354,842$562,998$8,715,972
81$27,339,749$2,345,481$457,110$9,401,387
82$29,999,726$2,331,732$343,746$10,154,801
83$32,926,967$2,313,256$222,530$10,983,272
84$36,148,605$2,289,694$93,073$11,894,591
85$39,694,538$2,260,664$0$12,897,357
86$43,597,708$2,225,763$0$14,014,045
87$47,894,412$2,184,564$0$15,271,597
88$52,624,647$2,136,612$0$16,654,852
89$57,832,484$2,081,429$0$18,176,690
90$63,566,483$2,018,505$0$19,851,313
91$69,880,156$1,947,303$0$21,694,383
92$76,832,465$1,867,254$0$23,723,168
93$84,488,383$1,777,756$0$25,956,707
94$92,919,502$1,678,170$0$28,415,995
95$102,204,715$1,567,824$0$31,124,177
96$112,430,953$1,446,005$0$34,106,776
97$123,694,011$1,311,960$0$37,391,928
98$136,099,446$1,164,892$0$41,010,655
99$149,763,578$1,003,960$0$44,997,161
100$164,814,584$828,275$0$49,389,152