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%14.5%
1 years$128,823$127,676$126,556$125,464$124,397$122,085
2 years$63,774$62,586$61,435$60,319$59,236$56,916
3 years$42,094$40,901$39,753$38,647$37,582$35,325
4 years$31,256$30,066$28,930$27,843$26,804$24,628
5 years$24,754$23,572$22,451$21,386$20,376$18,287
6 years$20,422$19,249$18,143$17,103$16,123$14,124
7 years$17,328$16,165$15,077$14,061$13,112$11,203
8 years$15,009$13,856$12,787$11,795$10,878$9,058
9 years$13,206$12,064$11,013$10,047$9,161$7,430
10 years$11,765$10,634$9,602$8,661$7,805$6,161
11 years$10,586$9,467$8,453$7,537$6,713$5,154
12 years$9,605$8,497$7,502$6,611$5,817$4,341
13 years$8,775$7,679$6,702$5,837$5,073$3,677
14 years$8,065$6,980$6,022$5,181$4,447$3,129
15 years$7,449$6,376$5,437$4,621$3,915$2,673
16 years$6,911$5,850$4,930$4,137$3,460$2,291
17 years$6,437$5,388$4,486$3,717$3,068$1,968
18 years$6,016$4,979$4,095$3,350$2,728$1,695
19 years$5,640$4,614$3,749$3,027$2,432$1,463
20 years$5,302$4,288$3,440$2,742$2,172$1,264
21 years$4,996$3,994$3,164$2,488$1,944$1,094
22 years$4,719$3,728$2,917$2,262$1,742$948
23 years$4,466$3,487$2,693$2,060$1,564$823
24 years$4,235$3,267$2,491$1,879$1,406$714
25 years$4,022$3,066$2,307$1,716$1,265$621
26 years$3,826$2,881$2,139$1,569$1,139$540
27 years$3,645$2,712$1,987$1,436$1,027$470
28 years$3,477$2,555$1,847$1,316$927$409
29 years$3,321$2,411$1,719$1,207$837$356
30 years$3,175$2,276$1,601$1,108$756$310
31 years$3,040$2,152$1,492$1,017$684$270
32 years$2,913$2,036$1,392$935$618$236
33 years$2,794$1,928$1,300$860$560$205
34 years$2,682$1,828$1,215$791$507$179
35 years$2,577$1,733$1,136$728$459$156
36 years$2,478$1,645$1,062$671$416$136
37 years$2,384$1,563$994$618$377$119
38 years$2,296$1,485$931$569$342$104
39 years$2,212$1,412$872$525$310$91
40 years$2,133$1,344$818$484$281$79
41 years$2,058$1,279$767$447$255$69
42 years$1,986$1,218$719$412$231$60
43 years$1,918$1,161$675$381$210$53
44 years$1,854$1,106$634$351$191$46
45 years$1,792$1,055$595$325$173$40
46 years$1,733$1,006$559$300$157$35
47 years$1,677$960$525$277$143$31
48 years$1,623$917$493$256$130$27
49 years$1,572$875$464$237$118$23
50 years$1,523$836$436$219$107$20

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 $5,520 every year, while hoping to spend $40,270 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: 57/18/25 Blend
47$1,560,000$1,560,000$1,560,000$1,560,000
48$1,724,814$1,642,134$1,617,954$1,811,102
49$1,857,898$1,679,751$1,629,308$1,908,391
50$2,003,207$1,717,863$1,639,694$2,009,647
51$2,161,945$1,756,449$1,649,034$2,119,161
52$2,335,439$1,795,490$1,657,252$2,237,742
53$2,525,147$1,834,963$1,664,264$2,366,282
54$2,732,678$1,874,842$1,669,983$2,505,763
55$2,959,801$1,915,099$1,674,317$2,657,268
56$3,208,465$1,955,703$1,677,171$2,821,990
57$3,480,815$1,996,620$1,678,443$3,001,246
58$3,779,216$2,037,811$1,678,028$3,196,484
59$4,106,269$2,079,237$1,675,815$3,409,304
60$4,464,841$2,120,853$1,671,688$3,641,467
61$4,858,089$2,162,609$1,665,524$3,894,917
62$5,289,491$2,204,453$1,657,195$4,171,794
63$5,762,875$2,246,327$1,646,567$4,474,458
64$6,282,461$2,288,170$1,633,500$4,805,513
65$6,852,895$2,329,914$1,617,845$5,167,825
66$7,479,297$2,371,486$1,599,450$5,564,556
67$8,167,305$2,412,809$1,578,151$5,999,194
68$8,923,132$2,453,797$1,553,781$6,475,579
69$9,753,619$2,494,362$1,526,160$6,997,948
70$10,666,307$2,534,404$1,495,105$7,570,969
71$11,669,500$2,573,820$1,460,421$8,199,791
72$12,772,349$2,612,496$1,421,905$8,890,087
73$13,984,934$2,650,314$1,379,344$9,648,111
74$15,318,361$2,687,143$1,332,516$10,480,759
75$16,784,867$2,722,847$1,281,188$11,395,631
76$18,397,934$2,757,277$1,225,119$12,401,105
77$20,172,415$2,790,275$1,164,052$13,506,415
78$22,124,678$2,821,675$1,097,724$14,721,743
79$24,272,753$2,851,295$1,025,856$16,058,309
80$26,636,510$2,878,944$948,158$17,528,482
81$29,237,840$2,904,419$864,327$19,145,898
82$32,100,864$2,927,500$774,047$20,925,584
83$35,252,161$2,947,956$676,986$22,884,107
84$38,721,016$2,965,541$572,800$25,039,727
85$42,539,698$2,979,990$461,127$27,412,570
86$46,743,763$2,991,026$341,591$30,024,821
87$51,372,391$2,998,351$213,799$32,900,932
88$56,468,754$3,001,648$77,339$36,067,856
89$62,080,421$3,000,583$0$39,555,301
90$68,259,811$2,994,799$0$43,414,225
91$75,064,686$2,983,918$0$47,685,703
92$82,558,693$2,967,539$0$52,388,987
93$90,811,966$2,945,236$0$57,568,050
94$99,901,791$2,916,556$0$63,271,350
95$109,913,329$2,881,022$0$69,552,290
96$120,940,422$2,838,126$0$76,469,720
97$133,086,481$2,787,330$0$84,088,493
98$146,465,457$2,728,064$0$92,480,078
99$161,202,919$2,659,725$0$101,723,234
100$177,437,240$2,581,674$0$111,904,758