Can I retire at age 48 with 1,560,000?

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 $1,560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$128,823$127,676$126,556$125,464$124,397$120,559
2 years$63,774$62,586$61,435$60,319$59,236$55,404
3 years$42,094$40,901$39,753$38,647$37,582$33,875
4 years$31,256$30,066$28,930$27,843$26,804$23,250
5 years$24,754$23,572$22,451$21,386$20,376$16,985
6 years$20,422$19,249$18,143$17,103$16,123$12,898
7 years$17,328$16,165$15,077$14,061$13,112$10,053
8 years$15,009$13,856$12,787$11,795$10,878$7,982
9 years$13,206$12,064$11,013$10,047$9,161$6,426
10 years$11,765$10,634$9,602$8,661$7,805$5,227
11 years$10,586$9,467$8,453$7,537$6,713$4,287
12 years$9,605$8,497$7,502$6,611$5,817$3,538
13 years$8,775$7,679$6,702$5,837$5,073$2,936
14 years$8,065$6,980$6,022$5,181$4,447$2,446
15 years$7,449$6,376$5,437$4,621$3,915$2,044
16 years$6,911$5,850$4,930$4,137$3,460$1,714
17 years$6,437$5,388$4,486$3,717$3,068$1,440
18 years$6,016$4,979$4,095$3,350$2,728$1,212
19 years$5,640$4,614$3,749$3,027$2,432$1,022
20 years$5,302$4,288$3,440$2,742$2,172$863
21 years$4,996$3,994$3,164$2,488$1,944$729
22 years$4,719$3,728$2,917$2,262$1,742$617
23 years$4,466$3,487$2,693$2,060$1,564$522
24 years$4,235$3,267$2,491$1,879$1,406$442
25 years$4,022$3,066$2,307$1,716$1,265$375
26 years$3,826$2,881$2,139$1,569$1,139$318
27 years$3,645$2,712$1,987$1,436$1,027$270
28 years$3,477$2,555$1,847$1,316$927$229
29 years$3,321$2,411$1,719$1,207$837$194
30 years$3,175$2,276$1,601$1,108$756$165
31 years$3,040$2,152$1,492$1,017$684$140
32 years$2,913$2,036$1,392$935$618$119
33 years$2,794$1,928$1,300$860$560$101
34 years$2,682$1,828$1,215$791$507$86
35 years$2,577$1,733$1,136$728$459$73
36 years$2,478$1,645$1,062$671$416$62
37 years$2,384$1,563$994$618$377$53
38 years$2,296$1,485$931$569$342$45
39 years$2,212$1,412$872$525$310$38
40 years$2,133$1,344$818$484$281$32
41 years$2,058$1,279$767$447$255$28
42 years$1,986$1,218$719$412$231$23
43 years$1,918$1,161$675$381$210$20
44 years$1,854$1,106$634$351$191$17
45 years$1,792$1,055$595$325$173$14
46 years$1,733$1,006$559$300$157$12
47 years$1,677$960$525$277$143$10
48 years$1,623$917$493$256$130$9
49 years$1,572$875$464$237$118$8
50 years$1,523$836$436$219$107$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,560,000, adding $5,204 every year, while hoping to spend $44,135 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: 48/39/13 Blend
47$1,560,000$1,560,000$1,560,000$1,560,000
48$1,724,488$1,641,808$1,617,628$1,800,813
49$1,853,426$1,675,297$1,624,859$1,887,478
50$1,994,037$1,708,948$1,630,853$1,976,535
51$2,147,465$1,742,722$1,635,523$2,072,247
52$2,314,968$1,776,578$1,638,774$2,175,251
53$2,497,933$1,810,468$1,640,512$2,286,249
54$2,697,886$1,844,345$1,640,633$2,406,012
55$2,916,507$1,878,154$1,639,030$2,535,396
56$3,155,645$1,911,838$1,635,592$2,675,338
57$3,417,338$1,945,335$1,630,202$2,826,876
58$3,703,827$1,978,578$1,622,734$2,991,151
59$4,017,583$2,011,494$1,613,061$3,169,423
60$4,361,325$2,044,005$1,601,047$3,363,082
61$4,738,048$2,076,029$1,586,550$3,573,658
62$5,151,051$2,107,476$1,569,421$3,802,839
63$5,603,966$2,138,251$1,549,505$4,052,487
64$6,100,794$2,168,249$1,526,638$4,324,656
65$6,645,944$2,197,362$1,500,649$4,621,608
66$7,244,270$2,225,472$1,471,360$4,945,839
67$7,901,119$2,252,454$1,438,584$5,300,102
68$8,622,381$2,278,172$1,402,124$5,687,431
69$9,414,545$2,302,484$1,361,777$6,111,173
70$10,284,760$2,325,237$1,317,327$6,575,017
71$11,240,899$2,346,267$1,268,552$7,083,032
72$12,291,638$2,365,401$1,215,215$7,639,705
73$13,446,534$2,382,454$1,157,074$8,249,982
74$14,716,115$2,397,229$1,093,870$8,919,318
75$16,111,981$2,409,516$1,025,338$9,653,728
76$17,646,913$2,419,092$951,196$10,459,842
77$19,334,991$2,425,720$871,154$11,344,972
78$21,191,727$2,429,148$784,905$12,317,181
79$23,234,214$2,429,107$692,130$13,385,357
80$25,481,284$2,425,314$592,497$14,559,300
81$27,953,687$2,417,466$485,657$15,849,817
82$30,674,284$2,405,242$371,247$17,268,821
83$33,668,265$2,388,304$248,888$18,829,446
84$36,963,387$2,366,289$118,185$20,546,174
85$40,590,231$2,338,816$0$22,434,970
86$44,582,495$2,305,478$0$24,516,389
87$48,977,310$2,265,848$0$26,824,568
88$53,815,590$2,219,468$0$29,364,553
89$59,142,416$2,165,857$0$32,159,991
90$65,007,463$2,104,506$0$35,236,950
91$71,465,470$2,034,872$0$38,624,163
92$78,576,751$1,956,384$0$42,353,299
93$86,407,771$1,868,438$0$46,459,268
94$95,031,764$1,770,392$0$50,980,545
95$104,529,432$1,661,569$0$55,959,541
96$114,989,702$1,541,254$0$61,443,002
97$126,510,564$1,408,688$0$67,482,450
98$139,200,000$1,263,072$0$74,134,675
99$153,176,997$1,103,560$0$81,462,270
100$168,572,674$929,257$0$89,534,227