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%12.8%
1 years$128,823$127,676$126,556$125,464$124,397$122,944
2 years$63,774$62,586$61,435$60,319$59,236$57,774
3 years$42,094$40,901$39,753$38,647$37,582$36,156
4 years$31,256$30,066$28,930$27,843$26,804$25,425
5 years$24,754$23,572$22,451$21,386$20,376$19,048
6 years$20,422$19,249$18,143$17,103$16,123$14,847
7 years$17,328$16,165$15,077$14,061$13,112$11,889
8 years$15,009$13,856$12,787$11,795$10,878$9,708
9 years$13,206$12,064$11,013$10,047$9,161$8,043
10 years$11,765$10,634$9,602$8,661$7,805$6,740
11 years$10,586$9,467$8,453$7,537$6,713$5,698
12 years$9,605$8,497$7,502$6,611$5,817$4,852
13 years$8,775$7,679$6,702$5,837$5,073$4,156
14 years$8,065$6,980$6,022$5,181$4,447$3,577
15 years$7,449$6,376$5,437$4,621$3,915$3,092
16 years$6,911$5,850$4,930$4,137$3,460$2,681
17 years$6,437$5,388$4,486$3,717$3,068$2,332
18 years$6,016$4,979$4,095$3,350$2,728$2,033
19 years$5,640$4,614$3,749$3,027$2,432$1,776
20 years$5,302$4,288$3,440$2,742$2,172$1,555
21 years$4,996$3,994$3,164$2,488$1,944$1,363
22 years$4,719$3,728$2,917$2,262$1,742$1,197
23 years$4,466$3,487$2,693$2,060$1,564$1,052
24 years$4,235$3,267$2,491$1,879$1,406$925
25 years$4,022$3,066$2,307$1,716$1,265$815
26 years$3,826$2,881$2,139$1,569$1,139$718
27 years$3,645$2,712$1,987$1,436$1,027$633
28 years$3,477$2,555$1,847$1,316$927$559
29 years$3,321$2,411$1,719$1,207$837$494
30 years$3,175$2,276$1,601$1,108$756$436
31 years$3,040$2,152$1,492$1,017$684$385
32 years$2,913$2,036$1,392$935$618$341
33 years$2,794$1,928$1,300$860$560$301
34 years$2,682$1,828$1,215$791$507$267
35 years$2,577$1,733$1,136$728$459$236
36 years$2,478$1,645$1,062$671$416$209
37 years$2,384$1,563$994$618$377$185
38 years$2,296$1,485$931$569$342$164
39 years$2,212$1,412$872$525$310$145
40 years$2,133$1,344$818$484$281$128
41 years$2,058$1,279$767$447$255$114
42 years$1,986$1,218$719$412$231$101
43 years$1,918$1,161$675$381$210$89
44 years$1,854$1,106$634$351$191$79
45 years$1,792$1,055$595$325$173$70
46 years$1,733$1,006$559$300$157$62
47 years$1,677$960$525$277$143$55
48 years$1,623$917$493$256$130$49
49 years$1,572$875$464$237$118$43
50 years$1,523$836$436$219$107$38

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 $5,213 every year, while hoping to spend $26,340 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: 42/47/11 Blend
47$1,560,000$1,560,000$1,560,000$1,560,000
48$1,724,497$1,641,817$1,617,637$1,791,159
49$1,872,370$1,694,241$1,643,803$1,890,744
50$2,034,444$1,748,350$1,669,962$1,995,471
51$2,212,138$1,804,200$1,696,086$2,108,284
52$2,407,018$1,861,848$1,722,147$2,229,933
53$2,620,807$1,921,351$1,748,112$2,361,239
54$2,855,402$1,982,771$1,773,947$2,503,107
55$3,112,896$2,046,169$1,799,617$2,656,533
56$3,395,590$2,111,611$1,825,083$2,822,609
57$3,706,023$2,179,162$1,850,306$3,002,538
58$4,046,988$2,248,892$1,875,242$3,197,643
59$4,421,565$2,320,871$1,899,846$3,409,378
60$4,833,145$2,395,174$1,924,071$3,639,345
61$5,285,464$2,471,876$1,947,866$3,889,304
62$5,782,639$2,551,055$1,971,177$4,161,194
63$6,329,204$2,632,794$1,993,948$4,457,146
64$6,930,156$2,717,174$2,016,118$4,779,508
65$7,591,000$2,804,283$2,037,626$5,130,863
66$8,317,800$2,894,211$2,058,404$5,514,056
67$9,117,237$2,987,049$2,078,383$5,932,215
68$9,996,675$3,082,894$2,097,488$6,388,787
69$10,964,224$3,181,844$2,115,642$6,887,567
70$12,028,821$3,284,000$2,132,762$7,432,732
71$13,200,314$3,389,469$2,148,763$8,028,882
72$14,489,552$3,498,360$2,163,553$8,681,082
73$15,908,491$3,610,784$2,177,037$9,394,911
74$17,470,304$3,726,859$2,189,114$10,176,511
75$19,189,505$3,846,705$2,199,679$11,032,648
76$21,082,087$3,970,446$2,208,621$11,970,773
77$23,165,672$4,098,211$2,215,822$12,999,092
78$25,459,680$4,230,132$2,221,161$14,126,645
79$27,985,506$4,366,348$2,224,509$15,363,388
80$30,766,728$4,507,000$2,225,731$16,720,289
81$33,829,326$4,652,234$2,224,685$18,209,429
82$37,201,928$4,802,204$2,221,222$19,844,115
83$40,916,078$4,957,065$2,215,186$21,639,008
84$45,006,537$5,116,980$2,206,414$23,610,258
85$49,511,609$5,282,118$2,194,734$25,775,658
86$54,473,502$5,452,651$2,179,967$28,154,807
87$59,938,727$5,628,759$2,161,924$30,769,300
88$65,958,537$5,810,627$2,140,407$33,642,929
89$72,589,408$5,998,448$2,115,211$36,801,904
90$79,893,575$6,192,419$2,086,118$40,275,103
91$87,939,619$6,392,747$2,052,902$44,094,345
92$96,803,111$6,599,643$2,015,326$48,294,684
93$106,567,330$6,813,327$1,973,141$52,914,745
94$117,324,044$7,034,026$1,926,088$57,997,084
95$129,174,378$7,261,975$1,873,893$63,588,593
96$142,229,770$7,497,417$1,816,274$69,740,936
97$156,613,019$7,740,603$1,752,931$76,511,039
98$172,459,448$7,991,794$1,683,555$83,961,630
99$189,918,177$8,251,257$1,607,820$92,161,822
100$209,153,535$8,519,272$1,525,385$101,187,772