Can I retire at age 48 with 1,600,000?

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 $1,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$132,127$130,950$129,801$128,681$127,586$124,502
2 years$65,409$64,191$63,010$61,866$60,755$57,666
3 years$43,173$41,950$40,772$39,638$38,546$35,549
4 years$32,057$30,837$29,671$28,557$27,491$24,609
5 years$25,389$24,177$23,026$21,934$20,898$18,140
6 years$20,945$19,742$18,609$17,541$16,536$13,903
7 years$17,773$16,579$15,464$14,422$13,448$10,942
8 years$15,394$14,212$13,115$12,098$11,157$8,775
9 years$13,545$12,374$11,296$10,305$9,396$7,137
10 years$12,067$10,907$9,848$8,883$8,005$5,868
11 years$10,858$9,710$8,670$7,731$6,885$4,865
12 years$9,851$8,715$7,694$6,781$5,966$4,061
13 years$9,000$7,876$6,874$5,986$5,203$3,408
14 years$8,271$7,159$6,177$5,314$4,561$2,872
15 years$7,640$6,540$5,577$4,739$4,016$2,430
16 years$7,089$6,000$5,056$4,243$3,549$2,062
17 years$6,602$5,526$4,601$3,813$3,147$1,754
18 years$6,171$5,106$4,200$3,436$2,798$1,495
19 years$5,785$4,732$3,845$3,105$2,494$1,277
20 years$5,438$4,398$3,529$2,812$2,228$1,092
21 years$5,124$4,096$3,246$2,552$1,993$935
22 years$4,840$3,824$2,991$2,320$1,787$802
23 years$4,581$3,576$2,762$2,113$1,604$688
24 years$4,343$3,351$2,554$1,927$1,442$591
25 years$4,125$3,144$2,366$1,760$1,297$508
26 years$3,924$2,955$2,194$1,609$1,169$436
27 years$3,738$2,781$2,038$1,473$1,054$375
28 years$3,566$2,621$1,894$1,350$951$323
29 years$3,406$2,472$1,763$1,238$858$278
30 years$3,257$2,335$1,642$1,136$776$239
31 years$3,118$2,207$1,531$1,043$701$206
32 years$2,987$2,088$1,428$959$634$178
33 years$2,865$1,978$1,333$882$574$153
34 years$2,751$1,875$1,246$811$520$132
35 years$2,643$1,778$1,165$747$471$114
36 years$2,541$1,688$1,090$688$427$98
37 years$2,445$1,603$1,020$634$387$85
38 years$2,355$1,523$955$584$350$73
39 years$2,269$1,448$895$539$318$63
40 years$2,187$1,378$839$497$288$54
41 years$2,110$1,312$786$458$262$47
42 years$2,037$1,249$738$423$237$40
43 years$1,967$1,190$692$390$215$35
44 years$1,901$1,135$650$361$195$30
45 years$1,838$1,082$610$333$177$26
46 years$1,778$1,032$573$308$161$22
47 years$1,720$985$538$284$146$19
48 years$1,665$940$506$263$133$17
49 years$1,612$898$476$243$121$14
50 years$1,562$858$447$224$110$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,600,000, adding $6,305 every year, while hoping to spend $38,447 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: 39/37/24 Blend
47$1,600,000$1,600,000$1,600,000$1,600,000
48$1,769,704$1,684,904$1,660,104$1,825,888
49$1,909,306$1,726,557$1,674,810$1,908,828
50$2,061,859$1,768,962$1,688,720$1,994,386
51$2,228,644$1,812,116$1,701,767$2,086,140
52$2,411,070$1,856,014$1,713,880$2,184,676
53$2,610,688$1,900,648$1,724,985$2,290,640
54$2,829,209$1,946,011$1,735,003$2,404,743
55$3,068,515$1,992,091$1,743,851$2,527,771
56$3,330,678$2,038,878$1,751,445$2,660,589
57$3,617,980$2,086,356$1,757,691$2,804,148
58$3,932,935$2,134,509$1,762,495$2,959,500
59$4,278,313$2,183,318$1,765,757$3,127,802
60$4,657,162$2,232,761$1,767,371$3,310,330
61$5,072,841$2,282,815$1,767,226$3,508,492
62$5,529,049$2,333,452$1,765,207$3,723,837
63$6,029,863$2,384,642$1,761,192$3,958,076
64$6,579,770$2,436,350$1,755,053$4,213,094
65$7,183,716$2,488,541$1,746,657$4,490,967
66$7,847,148$2,541,172$1,735,863$4,793,987
67$8,576,067$2,594,200$1,722,524$5,124,678
68$9,377,083$2,647,573$1,706,486$5,485,825
69$10,257,480$2,701,239$1,687,588$5,880,498
70$11,225,282$2,755,139$1,665,661$6,312,079
71$12,289,328$2,809,208$1,640,528$6,784,299
72$13,459,358$2,863,377$1,612,004$7,301,272
73$14,746,101$2,917,570$1,579,894$7,867,532
74$16,161,378$2,971,707$1,543,996$8,488,077
75$17,718,217$3,025,699$1,504,098$9,168,419
76$19,430,967$3,079,449$1,459,977$9,914,633
77$21,315,440$3,132,857$1,411,401$10,733,419
78$23,389,059$3,185,811$1,358,127$11,632,160
79$25,671,019$3,238,192$1,299,900$12,618,998
80$28,182,472$3,289,872$1,236,456$13,702,907
81$30,946,723$3,340,715$1,167,516$14,893,783
82$33,989,451$3,390,572$1,092,790$16,202,532
83$37,338,951$3,439,287$1,011,975$17,641,179
84$41,026,402$3,486,690$924,754$19,222,980
85$45,086,158$3,532,600$830,796$20,962,547
86$49,556,072$3,576,824$729,754$22,875,989
87$54,477,859$3,619,156$621,268$24,981,064
88$59,897,481$3,659,375$504,961$27,297,346
89$65,865,584$3,697,245$380,438$29,846,414
90$72,437,979$3,732,515$247,288$32,652,055
91$79,676,163$3,764,918$105,081$35,740,488
92$87,647,901$3,794,168$0$39,140,617
93$96,427,866$3,819,962$0$42,896,254
94$106,098,344$3,841,975$0$47,060,057
95$116,750,008$3,859,865$0$51,643,926
96$128,482,775$3,873,265$0$56,690,658
97$141,406,749$3,881,785$0$62,247,423
98$155,643,258$3,885,014$0$68,366,203
99$171,326,002$3,882,510$0$75,104,288
100$188,602,309$3,873,809$0$82,524,816