Can I retire at age 48 with 1,550,000?

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 $1,550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$127,998$126,857$125,745$124,659$123,599$119,452
2 years$63,365$62,185$61,041$59,932$58,857$54,719
3 years$41,824$40,639$39,498$38,399$37,341$33,343
4 years$31,055$29,874$28,744$27,664$26,632$22,804
5 years$24,596$23,421$22,307$21,249$20,245$16,598
6 years$20,291$19,125$18,027$16,993$16,019$12,556
7 years$17,217$16,061$14,981$13,971$13,028$9,747
8 years$14,913$13,768$12,705$11,720$10,808$7,708
9 years$13,122$11,987$10,943$9,983$9,102$6,179
10 years$11,690$10,566$9,540$8,605$7,755$5,004
11 years$10,519$9,406$8,399$7,489$6,670$4,085
12 years$9,543$8,443$7,454$6,569$5,780$3,356
13 years$8,719$7,630$6,659$5,799$5,040$2,771
14 years$8,013$6,935$5,984$5,148$4,418$2,298
15 years$7,402$6,335$5,402$4,591$3,890$1,911
16 years$6,867$5,813$4,898$4,111$3,438$1,594
17 years$6,396$5,353$4,457$3,694$3,048$1,332
18 years$5,978$4,947$4,069$3,329$2,711$1,116
19 years$5,604$4,584$3,725$3,008$2,416$936
20 years$5,268$4,260$3,418$2,724$2,158$786
21 years$4,964$3,968$3,144$2,472$1,931$661
22 years$4,689$3,704$2,898$2,248$1,731$556
23 years$4,437$3,464$2,676$2,047$1,554$468
24 years$4,207$3,246$2,475$1,867$1,397$394
25 years$3,996$3,046$2,292$1,705$1,257$332
26 years$3,801$2,863$2,126$1,559$1,132$280
27 years$3,621$2,694$1,974$1,427$1,021$236
28 years$3,455$2,539$1,835$1,308$921$200
29 years$3,300$2,395$1,708$1,199$832$168
30 years$3,155$2,262$1,591$1,100$751$142
31 years$3,020$2,138$1,483$1,011$679$120
32 years$2,894$2,023$1,383$929$615$101
33 years$2,776$1,916$1,292$854$556$86
34 years$2,665$1,816$1,207$786$504$72
35 years$2,560$1,722$1,128$723$456$61
36 years$2,462$1,635$1,056$666$413$52
37 years$2,369$1,553$988$614$374$44
38 years$2,281$1,476$925$566$340$37
39 years$2,198$1,403$867$522$308$31
40 years$2,119$1,335$813$481$279$26
41 years$2,044$1,271$762$444$253$22
42 years$1,973$1,210$715$410$230$19
43 years$1,906$1,153$671$378$209$16
44 years$1,842$1,099$629$349$189$13
45 years$1,780$1,048$591$323$172$11
46 years$1,722$1,000$555$298$156$10
47 years$1,666$954$522$275$142$8
48 years$1,613$911$490$254$129$7
49 years$1,562$870$461$235$117$6
50 years$1,513$831$433$217$106$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,550,000, adding $4,240 every year, while hoping to spend $59,765 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: 68/13/19 Blend
47$1,550,000$1,550,000$1,550,000$1,550,000
48$1,712,474$1,630,324$1,606,299$1,820,648
49$1,823,556$1,646,620$1,596,520$1,909,771
50$1,943,967$1,661,712$1,584,411$1,999,846
51$2,074,592$1,675,477$1,569,830$2,096,915
52$2,216,411$1,687,785$1,552,629$2,201,664
53$2,370,496$1,698,498$1,532,654$2,314,849
54$2,538,031$1,707,469$1,509,742$2,437,303
55$2,720,315$1,714,540$1,483,723$2,569,946
56$2,918,779$1,719,544$1,454,420$2,713,794
57$3,134,998$1,722,305$1,421,647$2,869,965
58$3,370,705$1,722,635$1,385,208$3,039,694
59$3,627,805$1,720,332$1,344,901$3,224,343
60$3,908,398$1,715,185$1,300,512$3,425,415
61$4,214,794$1,706,969$1,251,818$3,644,565
62$4,549,536$1,695,443$1,198,588$3,883,621
63$4,915,424$1,680,356$1,140,576$4,144,600
64$5,315,540$1,661,436$1,077,528$4,429,725
65$5,753,279$1,638,400$1,009,179$4,741,448
66$6,232,377$1,610,946$935,250$5,082,474
67$6,756,950$1,578,752$855,451$5,455,786
68$7,331,528$1,541,480$769,478$5,864,675
69$7,961,102$1,498,771$677,014$6,312,768
70$8,651,169$1,450,245$577,728$6,804,068
71$9,407,780$1,395,499$471,274$7,342,988
72$10,237,602$1,334,107$357,290$7,934,395
73$11,147,979$1,265,620$235,401$8,583,656
74$12,146,997$1,189,560$105,211$9,296,689
75$13,243,566$1,105,423$0$10,080,023
76$14,447,499$1,012,678$0$10,947,689
77$15,769,605$910,760$0$11,923,995
78$17,221,793$799,075$0$12,996,431
79$18,817,179$676,994$0$14,174,739
80$20,570,217$543,851$0$15,469,658
81$22,496,825$398,946$0$16,893,021
82$24,614,543$241,537$0$18,457,871
83$26,942,694$70,840$0$20,178,580
84$29,502,567$0$0$22,070,986
85$32,317,616$0$0$24,168,851
86$35,413,682$0$0$26,487,386
87$38,819,237$0$0$29,037,791
88$42,565,649$0$0$31,843,571
89$46,687,481$0$0$34,930,624
90$51,222,814$0$0$38,327,485
91$56,213,607$0$0$42,065,596
92$61,706,093$0$0$46,179,597
93$67,751,210$0$0$50,707,662
94$74,405,089$0$0$55,691,847
95$81,729,577$0$0$61,178,498
96$89,792,820$0$0$67,218,679
97$98,669,908$0$0$73,868,657
98$108,443,584$0$0$81,190,434
99$119,205,019$0$0$89,252,328
100$131,054,676$0$0$98,129,621