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

Use the below retirement simulation to view the chances of a successful retirement.
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%13.4%
1 years$127,998$126,857$125,745$124,659$123,599$121,853
2 years$63,365$62,185$61,041$59,932$58,857$57,101
3 years$41,824$40,639$39,498$38,399$37,341$35,630
4 years$31,055$29,874$28,744$27,664$26,632$24,979
5 years$24,596$23,421$22,307$21,249$20,245$18,655
6 years$20,291$19,125$18,027$16,993$16,019$14,494
7 years$17,217$16,061$14,981$13,971$13,028$11,568
8 years$14,913$13,768$12,705$11,720$10,808$9,413
9 years$13,122$11,987$10,943$9,983$9,102$7,771
10 years$11,690$10,566$9,540$8,605$7,755$6,488
11 years$10,519$9,406$8,399$7,489$6,670$5,465
12 years$9,543$8,443$7,454$6,569$5,780$4,636
13 years$8,719$7,630$6,659$5,799$5,040$3,955
14 years$8,013$6,935$5,984$5,148$4,418$3,391
15 years$7,402$6,335$5,402$4,591$3,890$2,919
16 years$6,867$5,813$4,898$4,111$3,438$2,520
17 years$6,396$5,353$4,457$3,694$3,048$2,183
18 years$5,978$4,947$4,069$3,329$2,711$1,895
19 years$5,604$4,584$3,725$3,008$2,416$1,648
20 years$5,268$4,260$3,418$2,724$2,158$1,436
21 years$4,964$3,968$3,144$2,472$1,931$1,254
22 years$4,689$3,704$2,898$2,248$1,731$1,096
23 years$4,437$3,464$2,676$2,047$1,554$959
24 years$4,207$3,246$2,475$1,867$1,397$839
25 years$3,996$3,046$2,292$1,705$1,257$736
26 years$3,801$2,863$2,126$1,559$1,132$645
27 years$3,621$2,694$1,974$1,427$1,021$566
28 years$3,455$2,539$1,835$1,308$921$498
29 years$3,300$2,395$1,708$1,199$832$437
30 years$3,155$2,262$1,591$1,100$751$384
31 years$3,020$2,138$1,483$1,011$679$338
32 years$2,894$2,023$1,383$929$615$297
33 years$2,776$1,916$1,292$854$556$262
34 years$2,665$1,816$1,207$786$504$230
35 years$2,560$1,722$1,128$723$456$203
36 years$2,462$1,635$1,056$666$413$178
37 years$2,369$1,553$988$614$374$157
38 years$2,281$1,476$925$566$340$138
39 years$2,198$1,403$867$522$308$122
40 years$2,119$1,335$813$481$279$107
41 years$2,044$1,271$762$444$253$95
42 years$1,973$1,210$715$410$230$83
43 years$1,906$1,153$671$378$209$74
44 years$1,842$1,099$629$349$189$65
45 years$1,780$1,048$591$323$172$57
46 years$1,722$1,000$555$298$156$50
47 years$1,666$954$522$275$142$44
48 years$1,613$911$490$254$129$39
49 years$1,562$870$461$235$117$34
50 years$1,513$831$433$217$106$30

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 $3,145 every year, while hoping to spend $35,055 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: 53/36/11 Blend
47$1,550,000$1,550,000$1,550,000$1,550,000
48$1,711,344$1,629,194$1,605,169$1,797,016
49$1,848,603$1,671,726$1,621,644$1,898,174
50$1,998,687$1,715,168$1,637,496$2,004,128
51$2,162,868$1,759,526$1,652,667$2,118,587
52$2,342,546$1,804,808$1,667,096$2,242,365
53$2,539,261$1,851,019$1,680,719$2,376,355
54$2,754,711$1,898,164$1,693,469$2,521,544
55$2,990,765$1,946,247$1,705,273$2,679,018
56$3,249,481$1,995,272$1,716,058$2,849,970
57$3,533,126$2,045,238$1,725,745$3,035,716
58$3,844,198$2,096,148$1,734,250$3,237,707
59$4,185,446$2,147,998$1,741,487$3,457,536
60$4,559,898$2,200,788$1,747,364$3,696,964
61$4,970,893$2,254,511$1,751,785$3,957,924
62$5,422,104$2,309,162$1,754,650$4,242,551
63$5,917,580$2,364,733$1,755,853$4,553,194
64$6,461,782$2,421,213$1,755,282$4,892,442
65$7,059,621$2,478,590$1,752,821$5,263,145
66$7,716,510$2,536,848$1,748,348$5,668,445
67$8,438,411$2,595,971$1,741,735$6,111,804
68$9,231,892$2,655,937$1,732,847$6,597,034
69$10,104,191$2,716,724$1,721,543$7,128,339
70$11,063,280$2,778,304$1,707,676$7,710,348
71$12,117,942$2,840,649$1,691,090$8,348,162
72$13,277,855$2,903,724$1,671,625$9,047,403
73$14,553,682$2,967,492$1,649,110$9,814,265
74$15,957,169$3,031,911$1,623,367$10,655,573
75$17,501,262$3,096,936$1,594,211$11,578,849
76$19,200,220$3,162,515$1,561,447$12,592,382
77$21,069,758$3,228,594$1,524,871$13,705,305
78$23,127,189$3,295,110$1,484,270$14,927,682
79$25,391,589$3,361,998$1,439,420$16,270,607
80$27,883,980$3,429,184$1,390,089$17,746,301
81$30,627,521$3,496,590$1,336,032$19,368,235
82$33,647,734$3,564,129$1,276,995$21,151,253
83$36,972,740$3,631,707$1,212,711$23,111,714
84$40,633,523$3,699,225$1,142,900$25,267,646
85$44,664,227$3,766,572$1,067,273$27,638,917
86$49,102,475$3,833,630$985,523$30,247,421
87$53,989,723$3,900,274$897,333$33,117,287
88$59,371,652$3,966,365$802,371$36,275,107
89$65,298,600$4,031,756$700,290$39,750,186
90$71,826,034$4,096,289$590,727$43,574,820
91$79,015,076$4,159,793$473,303$47,784,601
92$86,933,078$4,222,088$347,623$52,418,752
93$95,654,258$4,282,976$213,274$57,520,501
94$105,260,400$4,342,249$69,826$63,137,487
95$115,841,624$4,399,683$0$69,322,210
96$127,497,240$4,455,038$0$76,142,302
97$140,336,682$4,508,058$0$83,661,136
98$154,480,541$4,558,470$0$91,940,836
99$170,061,703$4,605,982$0$101,058,906
100$187,226,604$4,650,283$0$111,100,756