Can I retire at age 48 with 1,580,000?

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 $1,580,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$130,475$129,313$128,179$127,072$125,991$124,572
2 years$64,592$63,389$62,223$61,092$59,996$58,567
3 years$42,633$41,425$40,262$39,142$38,064$36,670
4 years$31,656$30,452$29,301$28,200$27,147$25,799
5 years$25,072$23,875$22,738$21,660$20,637$19,338
6 years$20,684$19,495$18,376$17,322$16,329$15,082
7 years$17,550$16,372$15,271$14,241$13,280$12,084
8 years$15,202$14,034$12,951$11,947$11,017$9,872
9 years$13,376$12,219$11,154$10,176$9,278$8,184
10 years$11,916$10,771$9,725$8,772$7,905$6,862
11 years$10,722$9,588$8,561$7,634$6,799$5,805
12 years$9,728$8,606$7,598$6,696$5,892$4,946
13 years$8,888$7,777$6,788$5,912$5,138$4,240
14 years$8,168$7,069$6,099$5,248$4,504$3,652
15 years$7,545$6,458$5,507$4,680$3,965$3,158
16 years$7,000$5,925$4,993$4,190$3,505$2,740
17 years$6,520$5,457$4,543$3,765$3,107$2,385
18 years$6,093$5,042$4,147$3,393$2,763$2,081
19 years$5,712$4,673$3,797$3,066$2,463$1,819
20 years$5,370$4,343$3,484$2,777$2,200$1,594
21 years$5,060$4,045$3,205$2,520$1,969$1,398
22 years$4,779$3,776$2,954$2,291$1,765$1,229
23 years$4,523$3,531$2,727$2,087$1,584$1,081
24 years$4,289$3,309$2,522$1,903$1,424$952
25 years$4,073$3,105$2,336$1,738$1,281$839
26 years$3,875$2,918$2,167$1,589$1,154$740
27 years$3,692$2,746$2,012$1,455$1,040$653
28 years$3,521$2,588$1,870$1,333$939$577
29 years$3,363$2,441$1,741$1,222$848$510
30 years$3,216$2,306$1,621$1,122$766$451
31 years$3,079$2,180$1,512$1,030$692$398
32 years$2,950$2,062$1,410$947$626$353
33 years$2,830$1,953$1,317$871$567$312
34 years$2,716$1,851$1,230$801$513$276
35 years$2,610$1,756$1,150$737$465$245
36 years$2,509$1,666$1,076$679$421$217
37 years$2,415$1,583$1,007$626$382$192
38 years$2,325$1,504$943$577$346$170
39 years$2,240$1,430$884$532$314$151
40 years$2,160$1,361$828$491$285$134
41 years$2,084$1,295$777$453$258$118
42 years$2,012$1,234$728$418$234$105
43 years$1,943$1,175$684$386$213$93
44 years$1,877$1,120$642$356$193$83
45 years$1,815$1,068$603$329$175$73
46 years$1,755$1,019$566$304$159$65
47 years$1,699$973$532$281$144$58
48 years$1,644$929$500$259$131$51
49 years$1,592$887$470$240$119$45
50 years$1,543$847$441$221$108$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,580,000, adding $3,835 every year, while hoping to spend $46,626 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: 37/41/22 Blend
47$1,580,000$1,580,000$1,580,000$1,580,000
48$1,745,116$1,661,376$1,636,886$1,798,015
49$1,873,508$1,693,174$1,642,112$1,868,723
50$2,013,433$1,724,967$1,645,950$1,940,424
51$2,166,019$1,756,706$1,648,305$2,016,931
52$2,332,506$1,788,337$1,649,076$2,098,702
53$2,514,260$1,819,804$1,648,158$2,186,247
54$2,712,783$1,851,043$1,645,440$2,280,126
55$2,929,731$1,881,988$1,640,806$2,380,959
56$3,166,925$1,912,567$1,634,135$2,489,430
57$3,426,371$1,942,703$1,625,299$2,606,295
58$3,710,278$1,972,312$1,614,163$2,732,389
59$4,021,078$2,001,307$1,600,589$2,868,633
60$4,361,448$2,029,591$1,584,429$3,016,045
61$4,734,338$2,057,064$1,565,530$3,175,749
62$5,142,996$2,083,615$1,543,731$3,348,986
63$5,590,998$2,109,128$1,518,862$3,537,125
64$6,082,284$2,133,480$1,490,748$3,741,681
65$6,621,192$2,156,536$1,459,203$3,964,321
66$7,212,503$2,178,155$1,424,036$4,206,892
67$7,861,479$2,198,186$1,385,042$4,471,427
68$8,573,921$2,216,467$1,342,011$4,760,175
69$9,356,214$2,232,827$1,294,722$5,075,615
70$10,215,395$2,247,083$1,242,942$5,420,485
71$11,159,215$2,259,040$1,186,431$5,797,807
72$12,196,214$2,268,492$1,124,935$6,210,917
73$13,335,797$2,275,217$1,058,190$6,663,495
74$14,588,328$2,278,983$985,919$7,159,604
75$15,965,224$2,279,539$907,833$7,703,726
76$17,479,063$2,276,623$823,632$8,300,808
77$19,143,703$2,269,954$733,000$8,956,309
78$20,974,413$2,259,234$635,608$9,676,250
79$22,988,014$2,244,147$531,111$10,467,278
80$25,203,040$2,224,358$419,152$11,336,724
81$27,639,911$2,199,513$299,355$12,292,677
82$30,321,128$2,169,235$171,328$13,344,059
83$33,271,479$2,133,124$34,664$14,500,714
84$36,518,281$2,090,758$0$15,773,502
85$40,091,629$2,041,689$0$17,200,499
86$44,024,687$1,985,442$0$18,779,199
87$48,353,993$1,921,517$0$20,516,138
88$53,119,810$1,849,381$0$22,427,504
89$58,366,502$1,768,472$0$24,531,143
90$64,142,953$1,678,196$0$26,846,730
91$70,503,030$1,577,923$0$29,395,957
92$77,506,085$1,466,987$0$32,202,739
93$85,217,522$1,344,686$0$35,293,438
94$93,709,409$1,210,275$0$38,697,119
95$103,061,159$1,062,969$0$42,445,823
96$113,360,279$901,936$0$46,574,872
97$124,703,196$726,299$0$51,123,205
98$137,196,165$535,132$0$56,133,746
99$150,956,275$327,454$0$61,653,815
100$166,112,549$102,233$0$67,735,574