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

Use the below retirement simulation to view the chances of a successful retirement.
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%18.7%
1 years$131,301$130,131$128,990$127,876$126,789$122,339
2 years$65,000$63,790$62,617$61,479$60,376$55,939
3 years$42,903$41,687$40,517$39,390$38,305$34,021
4 years$31,857$30,645$29,486$28,378$27,319$23,221
5 years$25,231$24,026$22,882$21,797$20,768$16,866
6 years$20,815$19,619$18,492$17,432$16,433$12,730
7 years$17,662$16,476$15,367$14,331$13,364$9,860
8 years$15,298$14,123$13,033$12,022$11,087$7,779
9 years$13,460$12,296$11,225$10,240$9,337$6,220
10 years$11,991$10,839$9,786$8,827$7,955$5,025
11 years$10,790$9,649$8,616$7,682$6,842$4,092
12 years$9,790$8,661$7,646$6,738$5,929$3,353
13 years$8,944$7,827$6,831$5,949$5,170$2,761
14 years$8,220$7,114$6,138$5,281$4,532$2,282
15 years$7,593$6,499$5,542$4,710$3,991$1,893
16 years$7,044$5,963$5,024$4,217$3,527$1,574
17 years$6,561$5,491$4,572$3,789$3,127$1,312
18 years$6,132$5,074$4,174$3,415$2,781$1,095
19 years$5,749$4,703$3,821$3,085$2,478$916
20 years$5,404$4,370$3,507$2,794$2,214$767
21 years$5,092$4,071$3,225$2,536$1,981$643
22 years$4,810$3,800$2,973$2,306$1,776$539
23 years$4,552$3,554$2,745$2,100$1,594$452
24 years$4,316$3,330$2,538$1,915$1,433$380
25 years$4,099$3,125$2,351$1,749$1,289$319
26 years$3,900$2,937$2,180$1,599$1,161$268
27 years$3,715$2,764$2,025$1,464$1,047$226
28 years$3,544$2,604$1,882$1,341$945$190
29 years$3,385$2,457$1,752$1,230$853$160
30 years$3,237$2,320$1,632$1,129$771$134
31 years$3,098$2,193$1,521$1,037$697$113
32 years$2,969$2,075$1,419$953$630$95
33 years$2,847$1,965$1,325$876$570$80
34 years$2,734$1,863$1,238$806$517$68
35 years$2,626$1,767$1,158$742$468$57
36 years$2,525$1,677$1,083$683$424$48
37 years$2,430$1,593$1,014$630$384$40
38 years$2,340$1,514$949$580$348$34
39 years$2,255$1,439$889$535$316$29
40 years$2,174$1,369$833$494$286$24
41 years$2,097$1,304$782$455$260$20
42 years$2,024$1,241$733$420$236$17
43 years$1,955$1,183$688$388$214$14
44 years$1,889$1,128$646$358$194$12
45 years$1,826$1,075$606$331$176$10
46 years$1,766$1,026$569$306$160$9
47 years$1,709$979$535$282$145$7
48 years$1,655$934$503$261$132$6
49 years$1,602$892$473$241$120$5
50 years$1,552$852$444$223$109$4

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 $5,717 every year, while hoping to spend $25,863 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: 53/30/17 Blend
47$1,590,000$1,590,000$1,590,000$1,590,000
48$1,758,077$1,673,807$1,649,162$1,842,880
49$1,909,883$1,728,306$1,676,891$1,956,054
50$2,076,306$1,784,608$1,704,682$2,075,921
51$2,258,810$1,842,775$1,732,510$2,205,775
52$2,459,008$1,902,869$1,760,348$2,346,574
53$2,678,674$1,964,957$1,788,167$2,499,370
54$2,919,765$2,029,106$1,815,936$2,665,321
55$3,184,435$2,095,386$1,843,624$2,845,702
56$3,475,057$2,163,870$1,871,195$3,041,917
57$3,794,245$2,234,632$1,898,613$3,255,508
58$4,144,880$2,307,751$1,925,839$3,488,177
59$4,530,134$2,383,307$1,952,830$3,741,793
60$4,953,502$2,461,383$1,979,544$4,018,417
61$5,418,833$2,542,065$2,005,933$4,320,317
62$5,930,372$2,625,444$2,031,949$4,649,990
63$6,492,789$2,711,610$2,057,539$5,010,184
64$7,111,235$2,800,661$2,082,648$5,403,930
65$7,791,383$2,892,695$2,107,219$5,834,559
66$8,539,482$2,987,814$2,131,188$6,305,745
67$9,362,418$3,086,126$2,154,492$6,821,532
68$10,267,778$3,187,741$2,177,061$7,386,373
69$11,263,923$3,292,771$2,198,825$8,005,175
70$12,360,063$3,401,337$2,219,705$8,683,340
71$13,566,347$3,513,560$2,239,622$9,426,822
72$14,893,957$3,629,566$2,258,492$10,242,176
73$16,355,214$3,749,488$2,276,225$11,136,624
74$17,963,694$3,873,462$2,292,727$12,118,123
75$19,734,357$4,001,628$2,307,900$13,195,436
76$21,683,686$4,134,133$2,321,639$14,378,219
77$23,829,845$4,271,128$2,333,836$15,677,109
78$26,192,846$4,412,769$2,344,377$17,103,824
79$28,794,742$4,559,221$2,353,139$18,671,274
80$31,659,833$4,710,651$2,359,997$20,393,683
81$34,814,897$4,867,234$2,364,818$22,286,722
82$38,289,439$5,029,150$2,367,462$24,367,656
83$42,115,972$5,196,589$2,367,782$26,655,510
84$46,330,323$5,369,744$2,365,625$29,171,242
85$50,971,972$5,548,817$2,360,828$31,937,946
86$56,084,421$5,734,017$2,353,224$34,981,066
87$61,715,609$5,925,561$2,342,634$38,328,640
88$67,918,362$6,123,674$2,328,873$42,011,557
89$74,750,889$6,328,589$2,311,745$46,063,857
90$82,277,338$6,540,547$2,291,046$50,523,045
91$90,568,393$6,759,800$2,266,563$55,430,446
92$99,701,946$6,986,608$2,238,070$60,831,597
93$109,763,833$7,221,240$2,205,333$66,776,674
94$120,848,639$7,463,976$2,168,107$73,320,967
95$133,060,595$7,715,106$2,126,134$80,525,399
96$146,514,561$7,974,932$2,079,145$88,457,103
97$161,337,108$8,243,765$2,026,858$97,190,052
98$177,667,714$8,521,930$1,968,978$106,805,761
99$195,660,079$8,809,763$1,905,198$117,394,052
100$215,483,579$9,107,613$1,835,193$129,053,903