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%18.7%
1 years$127,998$126,857$125,745$124,659$123,599$119,261
2 years$63,365$62,185$61,041$59,932$58,857$54,532
3 years$41,824$40,639$39,498$38,399$37,341$33,165
4 years$31,055$29,874$28,744$27,664$26,632$22,637
5 years$24,596$23,421$22,307$21,249$20,245$16,442
6 years$20,291$19,125$18,027$16,993$16,019$12,410
7 years$17,217$16,061$14,981$13,971$13,028$9,612
8 years$14,913$13,768$12,705$11,720$10,808$7,583
9 years$13,122$11,987$10,943$9,983$9,102$6,064
10 years$11,690$10,566$9,540$8,605$7,755$4,899
11 years$10,519$9,406$8,399$7,489$6,670$3,989
12 years$9,543$8,443$7,454$6,569$5,780$3,268
13 years$8,719$7,630$6,659$5,799$5,040$2,691
14 years$8,013$6,935$5,984$5,148$4,418$2,225
15 years$7,402$6,335$5,402$4,591$3,890$1,845
16 years$6,867$5,813$4,898$4,111$3,438$1,535
17 years$6,396$5,353$4,457$3,694$3,048$1,279
18 years$5,978$4,947$4,069$3,329$2,711$1,068
19 years$5,604$4,584$3,725$3,008$2,416$893
20 years$5,268$4,260$3,418$2,724$2,158$748
21 years$4,964$3,968$3,144$2,472$1,931$626
22 years$4,689$3,704$2,898$2,248$1,731$525
23 years$4,437$3,464$2,676$2,047$1,554$441
24 years$4,207$3,246$2,475$1,867$1,397$370
25 years$3,996$3,046$2,292$1,705$1,257$311
26 years$3,801$2,863$2,126$1,559$1,132$262
27 years$3,621$2,694$1,974$1,427$1,021$220
28 years$3,455$2,539$1,835$1,308$921$185
29 years$3,300$2,395$1,708$1,199$832$156
30 years$3,155$2,262$1,591$1,100$751$131
31 years$3,020$2,138$1,483$1,011$679$110
32 years$2,894$2,023$1,383$929$615$93
33 years$2,776$1,916$1,292$854$556$78
34 years$2,665$1,816$1,207$786$504$66
35 years$2,560$1,722$1,128$723$456$55
36 years$2,462$1,635$1,056$666$413$47
37 years$2,369$1,553$988$614$374$39
38 years$2,281$1,476$925$566$340$33
39 years$2,198$1,403$867$522$308$28
40 years$2,119$1,335$813$481$279$23
41 years$2,044$1,271$762$444$253$20
42 years$1,973$1,210$715$410$230$17
43 years$1,906$1,153$671$378$209$14
44 years$1,842$1,099$629$349$189$12
45 years$1,780$1,048$591$323$172$10
46 years$1,722$1,000$555$298$156$8
47 years$1,666$954$522$275$142$7
48 years$1,613$911$490$254$129$6
49 years$1,562$870$461$235$117$5
50 years$1,513$831$433$217$106$4

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 $5,060 every year, while hoping to spend $29,489 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: 51/41/8 Blend
47$1,550,000$1,550,000$1,550,000$1,550,000
48$1,713,319$1,631,169$1,607,144$1,796,958
49$1,856,702$1,679,721$1,629,608$1,903,017
50$2,013,721$1,729,663$1,651,835$2,014,656
51$2,185,737$1,781,032$1,673,788$2,135,317
52$2,374,246$1,833,867$1,695,424$2,265,855
53$2,580,899$1,888,206$1,716,701$2,407,209
54$2,807,512$1,944,089$1,737,571$2,560,414
55$3,056,085$2,001,557$1,757,986$2,726,607
56$3,328,822$2,060,649$1,777,895$2,907,041
57$3,628,150$2,121,409$1,797,243$3,103,093
58$3,956,743$2,183,880$1,815,972$3,316,280
59$4,317,546$2,248,105$1,834,022$3,548,272
60$4,713,803$2,314,130$1,851,330$3,800,904
61$5,149,088$2,381,999$1,867,826$4,076,201
62$5,627,338$2,451,760$1,883,442$4,376,389
63$6,152,891$2,523,461$1,898,101$4,703,920
64$6,730,524$2,597,149$1,911,726$5,061,495
65$7,365,502$2,672,873$1,924,233$5,452,085
66$8,063,624$2,750,685$1,935,536$5,878,966
67$8,831,280$2,830,636$1,945,543$6,345,743
68$9,675,511$2,912,776$1,954,158$6,856,386
69$10,604,070$2,997,160$1,961,280$7,415,270
70$11,625,505$3,083,841$1,966,803$8,027,212
71$12,749,231$3,172,873$1,970,615$8,697,517
72$13,985,622$3,264,313$1,972,600$9,432,031
73$15,346,107$3,358,216$1,972,634$10,237,192
74$16,843,282$3,454,640$1,970,589$11,120,091
75$18,491,022$3,553,643$1,966,329$12,088,542
76$20,304,618$3,655,283$1,959,712$13,151,152
77$22,300,917$3,759,621$1,950,591$14,317,404
78$24,498,484$3,866,715$1,938,809$15,597,742
79$26,917,772$3,976,628$1,924,203$17,003,677
80$29,581,323$4,089,420$1,906,601$18,547,889
81$32,513,970$4,205,154$1,885,824$20,244,347
82$35,743,081$4,323,893$1,861,686$22,108,444
83$39,298,811$4,445,699$1,833,988$24,157,139
84$43,214,389$4,570,637$1,802,525$26,409,117
85$47,526,429$4,698,771$1,767,082$28,884,967
86$52,275,278$4,830,164$1,727,433$31,607,374
87$57,505,397$4,964,882$1,683,342$34,601,334
88$63,265,776$5,102,990$1,634,563$37,894,388
89$69,610,400$5,244,552$1,580,836$41,516,883
90$76,598,759$5,389,633$1,521,892$45,502,261
91$84,296,406$5,538,298$1,457,449$49,887,367
92$92,775,577$5,690,612$1,387,211$54,712,804
93$102,115,872$5,846,639$1,310,869$60,023,312
94$112,405,010$6,006,443$1,228,102$65,868,189
95$123,739,648$6,170,086$1,138,571$72,301,760
96$136,226,304$6,337,632$1,041,925$79,383,887
97$149,982,353$6,509,142$937,795$87,180,534
98$165,137,139$6,684,676$825,797$95,764,390
99$181,833,196$6,864,294$705,530$105,215,554
100$200,227,591$7,048,053$576,574$115,622,291