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%16.3%
1 years$127,172$126,039$124,934$123,855$122,802$119,639
2 years$62,956$61,784$60,647$59,546$58,477$55,312
3 years$41,554$40,376$39,243$38,152$37,100$34,031
4 years$30,855$29,681$28,559$27,486$26,460$23,511
5 years$24,437$23,270$22,163$21,112$20,115$17,294
6 years$20,160$19,002$17,911$16,883$15,916$13,226
7 years$17,106$15,958$14,884$13,881$12,944$10,385
8 years$14,817$13,679$12,623$11,644$10,738$8,309
9 years$13,037$11,910$10,872$9,918$9,043$6,742
10 years$11,614$10,498$9,478$8,550$7,705$5,529
11 years$10,451$9,346$8,345$7,441$6,627$4,573
12 years$9,482$8,388$7,406$6,527$5,743$3,807
13 years$8,663$7,580$6,617$5,762$5,008$3,186
14 years$7,961$6,890$5,945$5,115$4,390$2,678
15 years$7,354$6,295$5,368$4,562$3,865$2,259
16 years$6,823$5,775$4,866$4,084$3,416$1,912
17 years$6,355$5,319$4,428$3,670$3,029$1,621
18 years$5,939$4,915$4,042$3,307$2,693$1,378
19 years$5,568$4,555$3,701$2,988$2,400$1,173
20 years$5,234$4,233$3,396$2,707$2,144$1,000
21 years$4,932$3,943$3,124$2,456$1,919$854
22 years$4,658$3,680$2,879$2,233$1,720$730
23 years$4,409$3,442$2,658$2,034$1,544$624
24 years$4,180$3,225$2,459$1,855$1,388$534
25 years$3,970$3,026$2,277$1,694$1,249$458
26 years$3,777$2,844$2,112$1,549$1,125$392
27 years$3,598$2,677$1,961$1,418$1,014$336
28 years$3,432$2,522$1,823$1,299$915$289
29 years$3,278$2,380$1,697$1,191$826$248
30 years$3,135$2,247$1,580$1,093$747$213
31 years$3,001$2,124$1,473$1,004$675$182
32 years$2,875$2,010$1,375$923$611$157
33 years$2,758$1,904$1,283$849$553$135
34 years$2,648$1,804$1,199$781$500$116
35 years$2,544$1,711$1,121$719$453$99
36 years$2,446$1,624$1,049$662$411$85
37 years$2,354$1,543$982$610$372$73
38 years$2,266$1,466$919$562$337$63
39 years$2,184$1,394$861$518$306$54
40 years$2,105$1,326$807$478$277$47
41 years$2,031$1,263$757$441$252$40
42 years$1,961$1,202$710$407$228$34
43 years$1,894$1,146$666$376$207$30
44 years$1,830$1,092$625$347$188$25
45 years$1,769$1,041$587$320$171$22
46 years$1,711$993$552$296$155$19
47 years$1,656$948$518$273$141$16
48 years$1,603$905$487$253$128$14
49 years$1,552$864$458$234$116$12
50 years$1,504$826$430$216$106$10

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 $4,417 every year, while hoping to spend $47,201 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: 68/7/25 Blend
47$1,540,000$1,540,000$1,540,000$1,540,000
48$1,701,636$1,620,016$1,596,146$1,806,130
49$1,824,982$1,649,175$1,599,396$1,905,987
50$1,959,326$1,678,182$1,601,172$2,009,377
51$2,105,742$1,706,977$1,601,376$2,121,395
52$2,265,409$1,735,501$1,599,903$2,242,894
53$2,439,626$1,763,685$1,596,645$2,374,814
54$2,629,823$1,791,460$1,591,487$2,518,191
55$2,837,572$1,818,749$1,584,309$2,674,169
56$3,064,605$1,845,469$1,574,985$2,844,007
57$3,312,831$1,871,533$1,563,383$3,029,093
58$3,584,348$1,896,846$1,549,365$3,230,958
59$3,881,469$1,921,309$1,532,786$3,451,291
60$4,206,739$1,944,813$1,513,494$3,691,952
61$4,562,961$1,967,244$1,491,331$3,954,992
62$4,953,222$1,988,478$1,466,130$4,242,672
63$5,380,923$2,008,386$1,437,717$4,557,487
64$5,849,807$2,026,826$1,405,910$4,902,184
65$6,363,998$2,043,651$1,370,519$5,279,794
66$6,928,038$2,058,703$1,331,344$5,693,657
67$7,546,930$2,071,811$1,288,176$6,147,456
68$8,226,184$2,082,797$1,240,797$6,645,252
69$8,971,870$2,091,470$1,188,979$7,191,519
70$9,790,675$2,097,626$1,132,484$7,791,193
71$10,689,964$2,101,049$1,071,062$8,449,711
72$11,677,850$2,101,511$1,004,453$9,173,072
73$12,763,272$2,098,766$932,383$9,967,883
74$13,956,077$2,092,557$854,569$10,841,433
75$15,267,113$2,082,609$770,714$11,801,753
76$16,708,332$2,068,630$680,506$12,857,698
77$18,292,900$2,050,311$583,621$14,019,029
78$20,035,324$2,027,324$479,720$15,296,504
79$21,951,586$1,999,322$368,450$16,701,985
80$24,059,296$1,965,937$249,442$18,248,544
81$26,377,855$1,926,779$122,309$19,950,591
82$28,928,639$1,881,434$0$21,824,012
83$31,735,201$1,829,465$0$23,889,881
84$34,823,490$1,770,408$0$26,198,981
85$38,222,102$1,703,773$0$28,740,041
86$41,962,540$1,629,042$0$31,536,632
87$46,079,519$1,545,664$0$34,614,726
88$50,611,289$1,453,061$0$38,002,942
89$55,599,996$1,350,617$0$41,732,818
90$61,092,083$1,237,684$0$45,839,105
91$67,138,719$1,113,575$0$50,360,100
92$73,796,294$977,565$0$55,338,001
93$81,126,937$828,887$0$60,819,311
94$89,199,114$666,732$0$66,855,273
95$98,088,266$490,244$0$73,502,356
96$107,877,522$298,520$0$80,822,788
97$118,658,487$90,605$0$88,885,140
98$130,532,100$0$0$97,764,979
99$143,609,591$0$0$107,555,936
100$158,013,527$0$0$118,347,800