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%14.6%
1 years$131,301$130,131$128,990$127,876$126,789$124,382
2 years$65,000$63,790$62,617$61,479$60,376$57,960
3 years$42,903$41,687$40,517$39,390$38,305$35,956
4 years$31,857$30,645$29,486$28,378$27,319$25,055
5 years$25,231$24,026$22,882$21,797$20,768$18,594
6 years$20,815$19,619$18,492$17,432$16,433$14,353
7 years$17,662$16,476$15,367$14,331$13,364$11,379
8 years$15,298$14,123$13,033$12,022$11,087$9,195
9 years$13,460$12,296$11,225$10,240$9,337$7,537
10 years$11,991$10,839$9,786$8,827$7,955$6,247
11 years$10,790$9,649$8,616$7,682$6,842$5,222
12 years$9,790$8,661$7,646$6,738$5,929$4,396
13 years$8,944$7,827$6,831$5,949$5,170$3,721
14 years$8,220$7,114$6,138$5,281$4,532$3,164
15 years$7,593$6,499$5,542$4,710$3,991$2,701
16 years$7,044$5,963$5,024$4,217$3,527$2,313
17 years$6,561$5,491$4,572$3,789$3,127$1,986
18 years$6,132$5,074$4,174$3,415$2,781$1,709
19 years$5,749$4,703$3,821$3,085$2,478$1,474
20 years$5,404$4,370$3,507$2,794$2,214$1,273
21 years$5,092$4,071$3,225$2,536$1,981$1,101
22 years$4,810$3,800$2,973$2,306$1,776$953
23 years$4,552$3,554$2,745$2,100$1,594$826
24 years$4,316$3,330$2,538$1,915$1,433$717
25 years$4,099$3,125$2,351$1,749$1,289$622
26 years$3,900$2,937$2,180$1,599$1,161$541
27 years$3,715$2,764$2,025$1,464$1,047$470
28 years$3,544$2,604$1,882$1,341$945$409
29 years$3,385$2,457$1,752$1,230$853$356
30 years$3,237$2,320$1,632$1,129$771$310
31 years$3,098$2,193$1,521$1,037$697$270
32 years$2,969$2,075$1,419$953$630$235
33 years$2,847$1,965$1,325$876$570$205
34 years$2,734$1,863$1,238$806$517$178
35 years$2,626$1,767$1,158$742$468$155
36 years$2,525$1,677$1,083$683$424$135
37 years$2,430$1,593$1,014$630$384$118
38 years$2,340$1,514$949$580$348$103
39 years$2,255$1,439$889$535$316$90
40 years$2,174$1,369$833$494$286$78
41 years$2,097$1,304$782$455$260$68
42 years$2,024$1,241$733$420$236$60
43 years$1,955$1,183$688$388$214$52
44 years$1,889$1,128$646$358$194$45
45 years$1,826$1,075$606$331$176$40
46 years$1,766$1,026$569$306$160$34
47 years$1,709$979$535$282$145$30
48 years$1,655$934$503$261$132$26
49 years$1,602$892$473$241$120$23
50 years$1,552$852$444$223$109$20

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 $5,251 every year, while hoping to spend $41,534 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: 38/43/19 Blend
47$1,590,000$1,590,000$1,590,000$1,590,000
48$1,757,596$1,673,326$1,648,681$1,814,183
49$1,892,679$1,711,128$1,659,720$1,893,253
50$2,040,149$1,749,389$1,669,737$1,974,325
51$2,201,224$1,788,089$1,678,654$2,061,079
52$2,377,248$1,827,205$1,686,387$2,154,052
53$2,569,699$1,866,709$1,692,853$2,253,832
54$2,780,203$1,906,573$1,697,959$2,361,072
55$3,010,554$1,946,765$1,701,610$2,476,487
56$3,262,724$1,987,250$1,703,707$2,600,870
57$3,538,885$2,027,988$1,704,145$2,735,092
58$3,841,431$2,068,939$1,702,813$2,880,114
59$4,172,996$2,110,057$1,699,597$3,036,997
60$4,536,483$2,151,290$1,694,374$3,206,910
61$4,935,087$2,192,587$1,687,019$3,391,143
62$5,372,329$2,233,887$1,677,397$3,591,116
63$5,852,087$2,275,127$1,665,370$3,808,398
64$6,378,631$2,316,240$1,650,791$4,044,717
65$6,956,665$2,357,150$1,633,507$4,301,981
66$7,591,373$2,397,778$1,613,358$4,582,292
67$8,288,463$2,438,039$1,590,175$4,887,970
68$9,054,223$2,477,840$1,563,783$5,221,571
69$9,895,581$2,517,081$1,533,997$5,585,916
70$10,820,169$2,555,657$1,500,625$5,984,115
71$11,836,396$2,593,453$1,463,465$6,419,599
72$12,953,523$2,630,348$1,422,306$6,896,149
73$14,181,756$2,666,209$1,376,927$7,417,937
74$15,532,339$2,700,897$1,327,098$7,989,563
75$17,017,659$2,734,262$1,272,577$8,616,100
76$18,651,364$2,766,144$1,213,111$9,303,141
77$20,448,490$2,796,372$1,148,438$10,056,854
78$22,425,606$2,824,765$1,078,281$10,884,041
79$24,600,966$2,851,126$1,002,351$11,792,202
80$26,994,683$2,875,250$920,348$12,789,608
81$29,628,919$2,896,915$831,958$13,885,377
82$32,528,090$2,915,886$736,850$15,089,564
83$35,719,104$2,931,913$634,683$16,413,256
84$39,231,605$2,944,729$525,098$17,868,678
85$43,098,260$2,954,051$407,719$19,469,307
86$47,355,061$2,959,579$282,157$21,230,004
87$52,041,671$2,960,992$148,003$23,167,154
88$57,201,792$2,957,951$4,832$25,298,820
89$62,883,579$2,950,095$0$27,644,918
90$69,140,095$2,937,041$0$30,257,401
91$76,029,811$2,918,382$0$33,133,476
92$83,617,158$2,893,688$0$36,298,948
93$91,973,131$2,862,502$0$39,783,340
94$101,175,964$2,824,339$0$43,619,195
95$111,311,866$2,778,685$0$47,842,381
96$122,475,833$2,724,997$0$52,492,432
97$134,772,544$2,662,698$0$57,612,923
98$148,317,351$2,591,178$0$63,251,883
99$163,237,366$2,509,791$0$69,462,249
100$179,672,660$2,417,852$0$76,302,368