Can I retire at age 48 with 1,540,000?

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 $1,540,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$127,172$126,039$124,934$123,855$122,802$119,784
2 years$62,956$61,784$60,647$59,546$58,477$55,456
3 years$41,554$40,376$39,243$38,152$37,100$34,169
4 years$30,855$29,681$28,559$27,486$26,460$23,642
5 years$24,437$23,270$22,163$21,112$20,115$17,418
6 years$20,160$19,002$17,911$16,883$15,916$13,343
7 years$17,106$15,958$14,884$13,881$12,944$10,495
8 years$14,817$13,679$12,623$11,644$10,738$8,412
9 years$13,037$11,910$10,872$9,918$9,043$6,838
10 years$11,614$10,498$9,478$8,550$7,705$5,618
11 years$10,451$9,346$8,345$7,441$6,627$4,655
12 years$9,482$8,388$7,406$6,527$5,743$3,883
13 years$8,663$7,580$6,617$5,762$5,008$3,256
14 years$7,961$6,890$5,945$5,115$4,390$2,743
15 years$7,354$6,295$5,368$4,562$3,865$2,319
16 years$6,823$5,775$4,866$4,084$3,416$1,966
17 years$6,355$5,319$4,428$3,670$3,029$1,671
18 years$5,939$4,915$4,042$3,307$2,693$1,424
19 years$5,568$4,555$3,701$2,988$2,400$1,215
20 years$5,234$4,233$3,396$2,707$2,144$1,038
21 years$4,932$3,943$3,124$2,456$1,919$888
22 years$4,658$3,680$2,879$2,233$1,720$761
23 years$4,409$3,442$2,658$2,034$1,544$652
24 years$4,180$3,225$2,459$1,855$1,388$560
25 years$3,970$3,026$2,277$1,694$1,249$481
26 years$3,777$2,844$2,112$1,549$1,125$413
27 years$3,598$2,677$1,961$1,418$1,014$355
28 years$3,432$2,522$1,823$1,299$915$305
29 years$3,278$2,380$1,697$1,191$826$263
30 years$3,135$2,247$1,580$1,093$747$226
31 years$3,001$2,124$1,473$1,004$675$194
32 years$2,875$2,010$1,375$923$611$167
33 years$2,758$1,904$1,283$849$553$144
34 years$2,648$1,804$1,199$781$500$124
35 years$2,544$1,711$1,121$719$453$107
36 years$2,446$1,624$1,049$662$411$92
37 years$2,354$1,543$982$610$372$79
38 years$2,266$1,466$919$562$337$68
39 years$2,184$1,394$861$518$306$59
40 years$2,105$1,326$807$478$277$51
41 years$2,031$1,263$757$441$252$44
42 years$1,961$1,202$710$407$228$38
43 years$1,894$1,146$666$376$207$32
44 years$1,830$1,092$625$347$188$28
45 years$1,769$1,041$587$320$171$24
46 years$1,711$993$552$296$155$21
47 years$1,656$948$518$273$141$18
48 years$1,603$905$487$253$128$15
49 years$1,552$864$458$234$116$13
50 years$1,504$826$430$216$106$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,540,000, adding $2,805 every year, while hoping to spend $28,057 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: 43/50/7 Blend
47$1,540,000$1,540,000$1,540,000$1,540,000
48$1,699,973$1,618,353$1,594,483$1,769,524
49$1,843,518$1,667,800$1,618,046$1,867,499
50$2,000,764$1,718,730$1,641,458$1,970,484
51$2,173,079$1,771,185$1,664,684$2,081,399
52$2,361,970$1,825,209$1,687,688$2,200,978
53$2,569,096$1,880,849$1,710,430$2,330,028
54$2,796,284$1,938,151$1,732,869$2,469,437
55$3,045,547$1,997,163$1,754,962$2,620,180
56$3,319,102$2,057,933$1,776,663$2,783,331
57$3,619,391$2,120,513$1,797,922$2,960,069
58$3,949,105$2,184,954$1,818,689$3,151,694
59$4,311,207$2,251,309$1,838,907$3,359,634
60$4,708,960$2,319,634$1,858,521$3,585,459
61$5,145,962$2,389,983$1,877,469$3,830,900
62$5,626,173$2,462,416$1,895,688$4,097,858
63$6,153,959$2,536,991$1,913,110$4,388,429
64$6,734,128$2,613,768$1,929,663$4,704,917
65$7,371,976$2,692,809$1,945,274$5,049,861
66$8,073,340$2,774,180$1,959,864$5,426,052
67$8,844,650$2,857,944$1,973,348$5,836,568
68$9,692,990$2,944,169$1,985,642$6,284,793
69$10,626,166$3,032,924$1,996,651$6,774,456
70$11,652,777$3,124,280$2,006,282$7,309,663
71$12,782,299$3,218,308$2,014,431$7,894,933
72$14,025,172$3,315,084$2,020,992$8,535,246
73$15,392,899$3,414,682$2,025,855$9,236,083
74$16,898,154$3,517,181$2,028,901$10,003,485
75$18,554,904$3,622,661$2,030,007$10,844,101
76$20,378,536$3,731,203$2,029,044$11,765,257
77$22,386,006$3,842,891$2,025,876$12,775,021
78$24,595,997$3,957,811$2,020,362$13,882,283
79$27,029,096$4,076,051$2,012,350$15,096,831
80$29,707,986$4,197,700$2,001,687$16,429,452
81$32,657,664$4,322,850$1,988,206$17,892,027
82$35,905,671$4,451,596$1,971,737$19,497,643
83$39,482,359$4,584,034$1,952,100$21,260,720
84$43,421,170$4,720,262$1,929,105$23,197,143
85$47,758,955$4,860,380$1,902,556$25,324,415
86$52,536,322$5,004,493$1,872,246$27,661,815
87$57,798,018$5,152,704$1,837,957$30,230,588
88$63,593,352$5,305,122$1,799,464$33,054,140
89$69,976,657$5,461,857$1,756,530$36,158,257
90$77,007,809$5,623,020$1,708,906$39,571,353
91$84,752,784$5,788,726$1,656,333$43,324,733
92$93,284,287$5,959,093$1,598,539$47,452,892
93$102,682,435$6,134,239$1,535,241$51,993,836
94$113,035,513$6,314,287$1,466,141$56,989,442
95$124,440,808$6,499,360$1,390,930$62,485,853
96$137,005,528$6,689,586$1,309,283$68,533,915
97$150,847,809$6,885,093$1,220,862$75,189,650
98$166,097,836$7,086,013$1,125,311$82,514,793
99$182,899,068$7,292,480$1,022,261$90,577,365
100$201,409,591$7,504,630$911,326$99,452,322