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%20%
1 years$132,127$130,950$129,801$128,681$127,586$122,476
2 years$65,409$64,191$63,010$61,866$60,755$55,671
3 years$43,173$41,950$40,772$39,638$38,546$33,647
4 years$32,057$30,837$29,671$28,557$27,491$22,816
5 years$25,389$24,177$23,026$21,934$20,898$16,458
6 years$20,945$19,742$18,609$17,541$16,536$12,334
7 years$17,773$16,579$15,464$14,422$13,448$9,483
8 years$15,394$14,212$13,115$12,098$11,157$7,423
9 years$13,545$12,374$11,296$10,305$9,396$5,889
10 years$12,067$10,907$9,848$8,883$8,005$4,718
11 years$10,858$9,710$8,670$7,731$6,885$3,809
12 years$9,851$8,715$7,694$6,781$5,966$3,094
13 years$9,000$7,876$6,874$5,986$5,203$2,525
14 years$8,271$7,159$6,177$5,314$4,561$2,069
15 years$7,640$6,540$5,577$4,739$4,016$1,700
16 years$7,089$6,000$5,056$4,243$3,549$1,401
17 years$6,602$5,526$4,601$3,813$3,147$1,156
18 years$6,171$5,106$4,200$3,436$2,798$956
19 years$5,785$4,732$3,845$3,105$2,494$791
20 years$5,438$4,398$3,529$2,812$2,228$656
21 years$5,124$4,096$3,246$2,552$1,993$544
22 years$4,840$3,824$2,991$2,320$1,787$452
23 years$4,581$3,576$2,762$2,113$1,604$375
24 years$4,343$3,351$2,554$1,927$1,442$312
25 years$4,125$3,144$2,366$1,760$1,297$259
26 years$3,924$2,955$2,194$1,609$1,169$216
27 years$3,738$2,781$2,038$1,473$1,054$180
28 years$3,566$2,621$1,894$1,350$951$150
29 years$3,406$2,472$1,763$1,238$858$124
30 years$3,257$2,335$1,642$1,136$776$104
31 years$3,118$2,207$1,531$1,043$701$86
32 years$2,987$2,088$1,428$959$634$72
33 years$2,865$1,978$1,333$882$574$60
34 years$2,751$1,875$1,246$811$520$50
35 years$2,643$1,778$1,165$747$471$42
36 years$2,541$1,688$1,090$688$427$35
37 years$2,445$1,603$1,020$634$387$29
38 years$2,355$1,523$955$584$350$24
39 years$2,269$1,448$895$539$318$20
40 years$2,187$1,378$839$497$288$17
41 years$2,110$1,312$786$458$262$14
42 years$2,037$1,249$738$423$237$12
43 years$1,967$1,190$692$390$215$10
44 years$1,901$1,135$650$361$195$8
45 years$1,838$1,082$610$333$177$7
46 years$1,778$1,032$573$308$161$6
47 years$1,720$985$538$284$146$5
48 years$1,665$940$506$263$133$4
49 years$1,612$898$476$243$121$3
50 years$1,562$858$447$224$110$3

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 $6,574 every year, while hoping to spend $57,441 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: 44/47/9 Blend
47$1,600,000$1,600,000$1,600,000$1,600,000
48$1,769,981$1,685,181$1,660,381$1,843,033
49$1,889,402$1,706,638$1,654,887$1,915,821
50$2,019,079$1,727,221$1,647,284$1,988,277
51$2,159,998$1,746,828$1,637,440$2,065,497
52$2,313,241$1,765,346$1,625,218$2,147,940
53$2,480,003$1,782,659$1,610,474$2,236,114
54$2,661,595$1,798,641$1,593,056$2,330,578
55$2,859,461$1,813,157$1,572,807$2,431,952
56$3,075,190$1,826,067$1,549,561$2,540,922
57$3,310,532$1,837,216$1,523,143$2,658,244
58$3,567,412$1,846,445$1,493,374$2,784,756
59$3,847,948$1,853,581$1,460,062$2,921,383
60$4,154,473$1,858,441$1,423,009$3,069,147
61$4,489,557$1,860,832$1,382,007$3,229,179
62$4,856,025$1,860,547$1,336,838$3,402,728
63$5,256,993$1,857,366$1,287,275$3,591,175
64$5,695,886$1,851,058$1,233,079$3,796,046
65$6,176,482$1,841,375$1,174,002$4,019,025
66$6,702,936$1,828,055$1,109,784$4,261,976
67$7,279,827$1,810,821$1,040,153$4,526,957
68$7,912,196$1,789,378$964,825$4,816,240
69$8,605,597$1,763,414$883,503$5,132,337
70$9,366,144$1,732,598$795,877$5,478,021
71$10,200,575$1,696,579$701,623$5,856,357
72$11,116,309$1,654,987$600,403$6,270,727
73$12,121,518$1,607,428$491,863$6,724,867
74$13,225,207$1,553,485$375,634$7,222,905
75$14,437,292$1,492,720$251,331$7,769,396
76$15,768,697$1,424,665$118,552$8,369,370
77$17,231,458$1,348,827$0$9,028,381
78$18,838,833$1,264,686$0$9,754,783
79$20,605,428$1,171,689$0$10,565,414
80$22,547,333$1,069,254$0$11,456,394
81$24,682,278$956,764$0$12,436,014
82$27,029,794$833,569$0$13,513,424
83$29,611,399$698,980$0$14,698,718
84$32,450,801$552,269$0$16,003,032
85$35,574,122$392,670$0$17,438,655
86$39,010,142$219,370$0$19,019,140
87$42,790,571$31,514$0$20,759,442
88$46,950,347$0$0$22,676,055
89$51,527,968$0$0$24,876,029
90$56,565,850$0$0$27,315,368
91$62,110,729$0$0$30,000,432
92$68,214,104$0$0$32,956,188
93$74,932,718$0$0$36,210,147
94$82,329,094$0$0$39,792,620
95$90,472,128$0$0$43,737,010
96$99,437,734$0$0$48,080,123
97$109,309,561$0$0$52,862,514
98$120,179,783$0$0$58,128,873
99$132,149,969$0$0$63,928,444
100$145,332,037$0$0$70,315,489