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%19.8%
1 years$127,172$126,039$124,934$123,855$122,802$117,976
2 years$62,956$61,784$60,647$59,546$58,477$53,674
3 years$41,554$40,376$39,243$38,152$37,100$32,472
4 years$30,855$29,681$28,559$27,486$26,460$22,041
5 years$24,437$23,270$22,163$21,112$20,115$15,916
6 years$20,160$19,002$17,911$16,883$15,916$11,941
7 years$17,106$15,958$14,884$13,881$12,944$9,191
8 years$14,817$13,679$12,623$11,644$10,738$7,203
9 years$13,037$11,910$10,872$9,918$9,043$5,721
10 years$11,614$10,498$9,478$8,550$7,705$4,590
11 years$10,451$9,346$8,345$7,441$6,627$3,711
12 years$9,482$8,388$7,406$6,527$5,743$3,018
13 years$8,663$7,580$6,617$5,762$5,008$2,467
14 years$7,961$6,890$5,945$5,115$4,390$2,024
15 years$7,354$6,295$5,368$4,562$3,865$1,665
16 years$6,823$5,775$4,866$4,084$3,416$1,374
17 years$6,355$5,319$4,428$3,670$3,029$1,136
18 years$5,939$4,915$4,042$3,307$2,693$941
19 years$5,568$4,555$3,701$2,988$2,400$780
20 years$5,234$4,233$3,396$2,707$2,144$647
21 years$4,932$3,943$3,124$2,456$1,919$538
22 years$4,658$3,680$2,879$2,233$1,720$447
23 years$4,409$3,442$2,658$2,034$1,544$372
24 years$4,180$3,225$2,459$1,855$1,388$310
25 years$3,970$3,026$2,277$1,694$1,249$258
26 years$3,777$2,844$2,112$1,549$1,125$215
27 years$3,598$2,677$1,961$1,418$1,014$179
28 years$3,432$2,522$1,823$1,299$915$149
29 years$3,278$2,380$1,697$1,191$826$125
30 years$3,135$2,247$1,580$1,093$747$104
31 years$3,001$2,124$1,473$1,004$675$87
32 years$2,875$2,010$1,375$923$611$72
33 years$2,758$1,904$1,283$849$553$60
34 years$2,648$1,804$1,199$781$500$50
35 years$2,544$1,711$1,121$719$453$42
36 years$2,446$1,624$1,049$662$411$35
37 years$2,354$1,543$982$610$372$29
38 years$2,266$1,466$919$562$337$24
39 years$2,184$1,394$861$518$306$20
40 years$2,105$1,326$807$478$277$17
41 years$2,031$1,263$757$441$252$14
42 years$1,961$1,202$710$407$228$12
43 years$1,894$1,146$666$376$207$10
44 years$1,830$1,092$625$347$188$8
45 years$1,769$1,041$587$320$171$7
46 years$1,711$993$552$296$155$6
47 years$1,656$948$518$273$141$5
48 years$1,603$905$487$253$128$4
49 years$1,552$864$458$234$116$3
50 years$1,504$826$430$216$106$3

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 $2,623 every year, while hoping to spend $55,292 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: 52/38/10 Blend
47$1,540,000$1,540,000$1,540,000$1,540,000
48$1,699,786$1,618,166$1,594,296$1,783,646
49$1,814,333$1,638,625$1,588,874$1,861,498
50$1,938,712$1,658,235$1,581,418$1,939,957
51$2,073,866$1,676,893$1,571,801$2,023,992
52$2,220,833$1,694,494$1,559,889$2,114,143
53$2,380,758$1,710,924$1,545,545$2,211,006
54$2,554,897$1,726,061$1,528,622$2,315,237
55$2,744,634$1,739,775$1,508,969$2,427,562
56$2,951,492$1,751,930$1,486,425$2,548,782
57$3,177,147$1,762,377$1,460,823$2,679,783
58$3,423,444$1,770,962$1,431,988$2,821,541
59$3,692,413$1,777,517$1,399,738$2,975,135
60$3,986,290$1,781,866$1,363,880$3,141,755
61$4,307,536$1,783,822$1,324,215$3,322,718
62$4,658,861$1,783,185$1,280,532$3,519,474
63$5,043,247$1,779,744$1,232,612$3,733,626
64$5,463,980$1,773,273$1,180,226$3,966,944
65$5,924,677$1,763,534$1,123,134$4,221,381
66$6,429,321$1,750,274$1,061,086$4,499,092
67$6,982,299$1,733,225$993,820$4,802,458
68$7,588,442$1,712,101$921,062$5,134,105
69$8,253,071$1,686,602$842,525$5,496,934
70$8,982,046$1,656,408$757,912$5,894,143
71$9,781,823$1,621,180$666,910$6,329,266
72$10,659,510$1,580,559$569,193$6,806,200
73$11,622,940$1,534,166$464,420$7,329,246
74$12,680,738$1,481,599$352,237$7,903,151
75$13,842,408$1,422,432$232,272$8,533,153
76$15,118,418$1,356,216$104,137$9,225,031
77$16,520,300$1,282,473$0$9,985,162
78$18,060,757$1,200,701$0$10,824,061
79$19,753,786$1,110,366$0$11,758,096
80$21,614,804$1,010,907$0$12,784,754
81$23,660,800$901,727$0$13,913,533
82$25,910,488$782,198$0$15,154,906
83$28,384,486$651,654$0$16,520,423
84$31,105,514$509,395$0$18,022,822
85$34,098,599$354,678$0$19,676,151
86$37,391,319$186,720$0$21,495,899
87$41,014,058$4,695$0$23,499,149
88$45,000,295$0$0$25,704,737
89$49,386,916$0$0$28,213,831
90$54,214,565$0$0$30,977,531
91$59,528,025$0$0$34,019,535
92$65,376,641$0$0$37,368,114
93$71,814,783$0$0$41,054,425
94$78,902,362$0$0$45,112,794
95$86,705,392$0$0$49,581,048
96$95,296,613$0$0$54,500,866
97$104,756,178$0$0$59,918,176
98$115,172,407$0$0$65,883,586
99$126,642,621$0$0$72,452,861
100$139,274,059$0$0$79,687,450