Can I retire at age 48 with 1,590,000?

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 $1,590,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$131,301$130,131$128,990$127,876$126,789$123,125
2 years$65,000$63,790$62,617$61,479$60,376$56,713
3 years$42,903$41,687$40,517$39,390$38,305$34,759
4 years$31,857$30,645$29,486$28,378$27,319$23,917
5 years$25,231$24,026$22,882$21,797$20,768$17,519
6 years$20,815$19,619$18,492$17,432$16,433$13,340
7 years$17,662$16,476$15,367$14,331$13,364$10,427
8 years$15,298$14,123$13,033$12,022$11,087$8,304
9 years$13,460$12,296$11,225$10,240$9,337$6,705
10 years$11,991$10,839$9,786$8,827$7,955$5,471
11 years$10,790$9,649$8,616$7,682$6,842$4,502
12 years$9,790$8,661$7,646$6,738$5,929$3,728
13 years$8,944$7,827$6,831$5,949$5,170$3,103
14 years$8,220$7,114$6,138$5,281$4,532$2,594
15 years$7,593$6,499$5,542$4,710$3,991$2,176
16 years$7,044$5,963$5,024$4,217$3,527$1,831
17 years$6,561$5,491$4,572$3,789$3,127$1,544
18 years$6,132$5,074$4,174$3,415$2,781$1,304
19 years$5,749$4,703$3,821$3,085$2,478$1,104
20 years$5,404$4,370$3,507$2,794$2,214$936
21 years$5,092$4,071$3,225$2,536$1,981$794
22 years$4,810$3,800$2,973$2,306$1,776$674
23 years$4,552$3,554$2,745$2,100$1,594$573
24 years$4,316$3,330$2,538$1,915$1,433$487
25 years$4,099$3,125$2,351$1,749$1,289$415
26 years$3,900$2,937$2,180$1,599$1,161$353
27 years$3,715$2,764$2,025$1,464$1,047$301
28 years$3,544$2,604$1,882$1,341$945$256
29 years$3,385$2,457$1,752$1,230$853$219
30 years$3,237$2,320$1,632$1,129$771$186
31 years$3,098$2,193$1,521$1,037$697$159
32 years$2,969$2,075$1,419$953$630$136
33 years$2,847$1,965$1,325$876$570$116
34 years$2,734$1,863$1,238$806$517$99
35 years$2,626$1,767$1,158$742$468$84
36 years$2,525$1,677$1,083$683$424$72
37 years$2,430$1,593$1,014$630$384$61
38 years$2,340$1,514$949$580$348$52
39 years$2,255$1,439$889$535$316$45
40 years$2,174$1,369$833$494$286$38
41 years$2,097$1,304$782$455$260$33
42 years$2,024$1,241$733$420$236$28
43 years$1,955$1,183$688$388$214$24
44 years$1,889$1,128$646$358$194$20
45 years$1,826$1,075$606$331$176$17
46 years$1,766$1,026$569$306$160$15
47 years$1,709$979$535$282$145$13
48 years$1,655$934$503$261$132$11
49 years$1,602$892$473$241$120$9
50 years$1,552$852$444$223$109$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,590,000, adding $3,196 every year, while hoping to spend $34,615 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: 22/49/29 Blend
47$1,590,000$1,590,000$1,590,000$1,590,000
48$1,755,477$1,671,207$1,646,562$1,777,929
49$1,897,705$1,716,266$1,664,891$1,843,319
50$2,053,281$1,762,372$1,682,675$1,910,131
51$2,223,529$1,809,542$1,699,858$1,980,869
52$2,409,907$1,857,788$1,716,382$2,055,875
53$2,614,023$1,907,125$1,732,186$2,135,529
54$2,837,646$1,957,566$1,747,206$2,220,247
55$3,082,723$2,009,124$1,761,375$2,310,487
56$3,351,400$2,061,811$1,774,621$2,406,756
57$3,646,041$2,115,638$1,786,869$2,509,608
58$3,969,249$2,170,616$1,798,041$2,619,657
59$4,323,891$2,226,754$1,808,053$2,737,579
60$4,713,123$2,284,061$1,816,818$2,864,117
61$5,140,426$2,342,544$1,824,246$3,000,091
62$5,609,630$2,402,210$1,830,239$3,146,404
63$6,124,957$2,463,062$1,834,696$3,304,053
64$6,691,056$2,525,106$1,837,512$3,474,133
65$7,313,050$2,588,343$1,838,575$3,657,856
66$7,996,582$2,652,772$1,837,768$3,856,554
67$8,747,868$2,718,393$1,834,969$4,071,697
68$9,573,759$2,785,202$1,830,048$4,304,905
69$10,481,798$2,853,193$1,822,871$4,557,965
70$11,480,301$2,922,358$1,813,296$4,832,845
71$12,578,425$2,992,688$1,801,175$5,131,717
72$13,786,263$3,064,168$1,786,353$5,456,973
73$15,114,933$3,136,783$1,768,667$5,811,253
74$16,576,685$3,210,514$1,747,946$6,197,465
75$18,185,016$3,285,339$1,724,012$6,618,818
76$19,954,799$3,361,232$1,696,677$7,078,847
77$21,902,420$3,438,164$1,665,747$7,581,452
78$24,045,933$3,516,100$1,631,016$8,130,931
79$26,405,233$3,595,003$1,592,269$8,732,024
80$29,002,239$3,674,831$1,549,283$9,389,956
81$31,861,106$3,755,536$1,501,823$10,110,489
82$35,008,447$3,837,066$1,449,642$10,899,974
83$38,473,589$3,919,363$1,392,485$11,765,415
84$42,288,845$4,002,361$1,330,083$12,714,532
85$46,489,822$4,085,992$1,262,156$13,755,838
86$51,115,756$4,170,177$1,188,410$14,898,718
87$56,209,879$4,254,832$1,108,538$16,153,517
88$61,819,834$4,339,866$1,022,221$17,531,644
89$67,998,115$4,425,177$929,123$19,045,673
90$74,802,569$4,510,657$828,896$20,709,468
91$82,296,940$4,596,189$721,173$22,538,313
92$90,551,469$4,681,643$605,573$24,549,058
93$99,643,557$4,766,882$481,698$26,760,278
94$109,658,498$4,851,757$349,132$29,192,450
95$120,690,278$4,936,106$207,442$31,868,147
96$132,842,468$5,019,757$56,173$34,812,255
97$146,229,197$5,102,523$0$38,052,206
98$160,976,232$5,184,203$0$41,650,810
99$177,222,162$5,264,584$0$45,629,498
100$195,119,707$5,343,432$0$50,007,776