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%11.9%
1 years$132,127$130,950$129,801$128,681$127,586$126,570
2 years$65,409$64,191$63,010$61,866$60,755$59,731
3 years$43,173$41,950$40,772$39,638$38,546$37,545
4 years$32,057$30,837$29,671$28,557$27,491$26,522
5 years$25,389$24,177$23,026$21,934$20,898$19,963
6 years$20,945$19,742$18,609$17,541$16,536$15,636
7 years$17,773$16,579$15,464$14,422$13,448$12,584
8 years$15,394$14,212$13,115$12,098$11,157$10,328
9 years$13,545$12,374$11,296$10,305$9,396$8,602
10 years$12,067$10,907$9,848$8,883$8,005$7,247
11 years$10,858$9,710$8,670$7,731$6,885$6,161
12 years$9,851$8,715$7,694$6,781$5,966$5,277
13 years$9,000$7,876$6,874$5,986$5,203$4,546
14 years$8,271$7,159$6,177$5,314$4,561$3,936
15 years$7,640$6,540$5,577$4,739$4,016$3,423
16 years$7,089$6,000$5,056$4,243$3,549$2,986
17 years$6,602$5,526$4,601$3,813$3,147$2,614
18 years$6,171$5,106$4,200$3,436$2,798$2,293
19 years$5,785$4,732$3,845$3,105$2,494$2,017
20 years$5,438$4,398$3,529$2,812$2,228$1,777
21 years$5,124$4,096$3,246$2,552$1,993$1,568
22 years$4,840$3,824$2,991$2,320$1,787$1,386
23 years$4,581$3,576$2,762$2,113$1,604$1,227
24 years$4,343$3,351$2,554$1,927$1,442$1,087
25 years$4,125$3,144$2,366$1,760$1,297$964
26 years$3,924$2,955$2,194$1,609$1,169$856
27 years$3,738$2,781$2,038$1,473$1,054$760
28 years$3,566$2,621$1,894$1,350$951$676
29 years$3,406$2,472$1,763$1,238$858$601
30 years$3,257$2,335$1,642$1,136$776$535
31 years$3,118$2,207$1,531$1,043$701$476
32 years$2,987$2,088$1,428$959$634$424
33 years$2,865$1,978$1,333$882$574$378
34 years$2,751$1,875$1,246$811$520$337
35 years$2,643$1,778$1,165$747$471$300
36 years$2,541$1,688$1,090$688$427$268
37 years$2,445$1,603$1,020$634$387$239
38 years$2,355$1,523$955$584$350$213
39 years$2,269$1,448$895$539$318$190
40 years$2,187$1,378$839$497$288$170
41 years$2,110$1,312$786$458$262$151
42 years$2,037$1,249$738$423$237$135
43 years$1,967$1,190$692$390$215$121
44 years$1,901$1,135$650$361$195$108
45 years$1,838$1,082$610$333$177$96
46 years$1,778$1,032$573$308$161$86
47 years$1,720$985$538$284$146$77
48 years$1,665$940$506$263$133$69
49 years$1,612$898$476$243$121$61
50 years$1,562$858$447$224$110$55

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 $3,965 every year, while hoping to spend $29,269 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: 44/41/15 Blend
47$1,600,000$1,600,000$1,600,000$1,600,000
48$1,767,290$1,682,490$1,657,690$1,837,243
49$1,916,411$1,733,790$1,682,081$1,937,860
50$2,079,762$1,786,623$1,706,307$2,043,613
51$2,258,763$1,841,032$1,730,334$2,157,603
52$2,454,979$1,897,064$1,754,121$2,280,603
53$2,670,131$1,954,765$1,777,629$2,413,463
54$2,906,119$2,014,183$1,800,814$2,557,116
55$3,165,032$2,075,367$1,823,630$2,712,589
56$3,449,172$2,138,367$1,846,029$2,881,014
57$3,761,076$2,203,235$1,867,959$3,063,634
58$4,103,537$2,270,025$1,889,367$3,261,819
59$4,479,632$2,338,790$1,910,195$3,477,075
60$4,892,751$2,409,587$1,930,383$3,711,060
61$5,346,628$2,482,474$1,949,867$3,965,601
62$5,845,378$2,557,509$1,968,582$4,242,707
63$6,393,532$2,634,752$1,986,454$4,544,591
64$6,996,083$2,714,266$2,003,412$4,873,689
65$7,658,533$2,796,114$2,019,375$5,232,684
66$8,386,941$2,880,361$2,034,262$5,624,529
67$9,187,985$2,967,075$2,047,985$6,052,478
68$10,069,020$3,056,323$2,060,454$6,520,112
69$11,038,154$3,148,176$2,071,572$7,031,378
70$12,104,314$3,242,705$2,081,239$7,590,620
71$13,277,342$3,339,985$2,089,348$8,202,625
72$14,568,077$3,440,091$2,095,788$8,872,666
73$15,988,466$3,543,100$2,100,441$9,606,549
74$17,551,669$3,649,092$2,103,186$10,410,671
75$19,272,189$3,758,147$2,103,892$11,292,078
76$21,166,004$3,870,349$2,102,425$12,258,535
77$23,250,723$3,985,782$2,098,643$13,318,592
78$25,545,745$4,104,534$2,092,395$14,481,672
79$28,072,448$4,226,693$2,083,528$15,758,153
80$30,854,388$4,352,351$2,071,876$17,159,472
81$33,917,519$4,481,600$2,057,268$18,698,227
82$37,290,444$4,614,536$2,039,524$20,388,299
83$41,004,677$4,751,256$2,018,455$22,244,983
84$45,094,946$4,891,859$1,993,865$24,285,130
85$49,599,517$5,036,448$1,965,547$26,527,306
86$54,560,559$5,185,125$1,933,284$28,991,969
87$60,024,537$5,337,997$1,896,850$31,701,659
88$66,042,653$5,495,171$1,856,007$34,681,214
89$72,671,328$5,656,760$1,810,508$37,958,000
90$79,972,737$5,822,874$1,760,094$41,562,173
91$88,015,390$5,993,629$1,704,491$45,526,960
92$96,874,786$6,169,143$1,643,417$49,888,975
93$106,634,117$6,349,534$1,576,575$54,688,562
94$117,385,060$6,534,924$1,503,653$59,970,178
95$129,228,639$6,725,438$1,424,328$65,782,811
96$142,276,178$6,921,202$1,338,261$72,180,441
97$156,650,351$7,122,344$1,245,095$79,222,551
98$172,486,343$7,328,995$1,144,462$86,974,689
99$189,933,122$7,541,288$1,035,974$95,509,084
100$209,154,848$7,759,358$919,226$104,905,329