Can I retire at age 48 with 1,570,000?

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 $1,570,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$129,649$128,494$127,368$126,268$125,194$123,630
2 years$64,183$62,987$61,829$60,706$59,616$58,042
3 years$42,363$41,163$40,007$38,895$37,823$36,288
4 years$31,456$30,259$29,115$28,021$26,976$25,492
5 years$24,913$23,724$22,595$21,523$20,506$19,078
6 years$20,553$19,372$18,260$17,212$16,226$14,854
7 years$17,439$16,269$15,174$14,151$13,196$11,882
8 years$15,105$13,945$12,869$11,871$10,947$9,691
9 years$13,291$12,142$11,084$10,111$9,219$8,020
10 years$11,840$10,702$9,663$8,716$7,855$6,712
11 years$10,654$9,528$8,507$7,586$6,756$5,667
12 years$9,667$8,552$7,550$6,654$5,854$4,820
13 years$8,831$7,728$6,745$5,874$5,105$4,123
14 years$8,116$7,025$6,061$5,214$4,475$3,544
15 years$7,497$6,417$5,472$4,650$3,940$3,059
16 years$6,956$5,888$4,961$4,164$3,482$2,649
17 years$6,479$5,422$4,515$3,741$3,088$2,301
18 years$6,055$5,010$4,121$3,372$2,746$2,003
19 years$5,676$4,644$3,773$3,047$2,447$1,747
20 years$5,336$4,315$3,462$2,759$2,186$1,527
21 years$5,028$4,019$3,185$2,504$1,956$1,337
22 years$4,749$3,752$2,935$2,277$1,753$1,172
23 years$4,495$3,509$2,710$2,074$1,574$1,028
24 years$4,262$3,288$2,506$1,891$1,415$904
25 years$4,048$3,085$2,321$1,727$1,273$794
26 years$3,850$2,900$2,153$1,579$1,147$699
27 years$3,668$2,729$1,999$1,446$1,034$616
28 years$3,499$2,572$1,859$1,324$933$542
29 years$3,342$2,426$1,730$1,215$842$478
30 years$3,196$2,291$1,611$1,115$761$422
31 years$3,059$2,166$1,502$1,024$688$372
32 years$2,931$2,049$1,401$941$622$328
33 years$2,812$1,941$1,308$865$563$290
34 years$2,699$1,839$1,223$796$510$256
35 years$2,593$1,745$1,143$733$462$226
36 years$2,494$1,656$1,069$675$419$200
37 years$2,399$1,573$1,001$622$379$177
38 years$2,310$1,495$937$573$344$156
39 years$2,226$1,421$878$528$312$138
40 years$2,146$1,352$823$487$283$122
41 years$2,071$1,287$772$450$257$108
42 years$1,999$1,226$724$415$233$95
43 years$1,930$1,168$679$383$211$84
44 years$1,865$1,113$638$354$192$75
45 years$1,803$1,062$599$327$174$66
46 years$1,744$1,013$562$302$158$58
47 years$1,688$967$528$279$144$52
48 years$1,634$923$496$258$130$46
49 years$1,582$881$467$238$118$40
50 years$1,533$842$439$220$108$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,570,000, adding $2,982 every year, while hoping to spend $21,136 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: 40/48/12 Blend
47$1,570,000$1,570,000$1,570,000$1,570,000
48$1,733,216$1,650,006$1,625,671$1,796,218
49$1,887,515$1,708,368$1,657,642$1,899,332
50$2,056,845$1,768,881$1,689,976$2,008,500
51$2,242,716$1,831,628$1,722,663$2,126,130
52$2,446,791$1,896,697$1,755,691$2,252,998
53$2,670,905$1,964,176$1,789,048$2,389,954
54$2,917,077$2,034,160$1,822,720$2,537,936
55$3,187,531$2,106,746$1,856,693$2,697,970
56$3,484,717$2,182,035$1,890,951$2,871,187
57$3,811,337$2,260,133$1,925,477$3,058,827
58$4,170,364$2,341,151$1,960,251$3,262,255
59$4,565,076$2,425,201$1,995,253$3,482,970
60$4,999,082$2,512,404$2,030,463$3,722,621
61$5,476,360$2,602,884$2,065,855$3,983,021
62$6,001,293$2,696,770$2,101,405$4,266,164
63$6,578,709$2,794,195$2,137,086$4,574,242
64$7,213,927$2,895,301$2,172,869$4,909,668
65$7,912,810$3,000,233$2,208,723$5,275,094
66$8,681,816$3,109,143$2,244,614$5,673,441
67$9,528,059$3,222,190$2,280,507$6,107,920
68$10,459,382$3,339,538$2,316,365$6,582,066
69$11,484,423$3,461,359$2,352,146$7,099,768
70$12,612,700$3,587,832$2,387,810$7,665,308
71$13,854,704$3,719,144$2,423,309$8,283,396
72$15,221,990$3,855,488$2,458,596$8,959,220
73$16,727,293$3,997,068$2,493,620$9,698,488
74$18,384,646$4,144,093$2,528,325$10,507,486
75$20,209,512$4,296,785$2,562,656$11,393,133
76$22,218,926$4,455,372$2,596,549$12,363,046
77$24,431,665$4,620,093$2,629,942$13,425,615
78$26,868,415$4,791,198$2,662,765$14,590,075
79$29,551,972$4,968,945$2,694,946$15,866,596
80$32,507,455$5,153,606$2,726,409$17,266,379
81$35,762,545$5,345,462$2,757,073$18,801,755
82$39,347,743$5,544,808$2,786,854$20,486,309
83$43,296,660$5,751,951$2,815,660$22,335,000
84$47,646,333$5,967,210$2,843,399$24,364,302
85$52,437,575$6,190,920$2,869,969$26,592,363
86$57,715,361$6,423,428$2,895,266$29,039,168
87$63,529,249$6,665,097$2,919,178$31,726,733
88$69,933,851$6,916,306$2,941,590$34,679,307
89$76,989,349$7,177,449$2,962,378$37,923,602
90$84,762,058$7,448,940$2,981,412$41,489,041
91$93,325,056$7,731,207$2,998,559$45,408,037
92$102,758,875$8,024,699$3,013,673$49,716,296
93$113,152,255$8,329,884$3,026,606$54,453,152
94$124,602,987$8,647,250$3,037,199$59,661,938
95$137,218,833$8,977,307$3,045,287$65,390,392
96$151,118,546$9,320,586$3,050,696$71,691,106
97$166,432,986$9,677,643$3,053,242$78,622,020
98$183,306,360$10,049,057$3,052,735$86,246,970
99$201,897,580$10,435,432$3,048,973$94,636,282
100$222,381,765$10,837,400$3,041,746$103,867,441