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%18.4%
1 years$132,127$130,950$129,801$128,681$127,586$123,256
2 years$65,409$64,191$63,010$61,866$60,755$56,436
3 years$43,173$41,950$40,772$39,638$38,546$34,373
4 years$32,057$30,837$29,671$28,557$27,491$23,497
5 years$25,389$24,177$23,026$21,934$20,898$17,093
6 years$20,945$19,742$18,609$17,541$16,536$12,923
7 years$17,773$16,579$15,464$14,422$13,448$10,027
8 years$15,394$14,212$13,115$12,098$11,157$7,924
9 years$13,545$12,374$11,296$10,305$9,396$6,348
10 years$12,067$10,907$9,848$8,883$8,005$5,138
11 years$10,858$9,710$8,670$7,731$6,885$4,192
12 years$9,851$8,715$7,694$6,781$5,966$3,442
13 years$9,000$7,876$6,874$5,986$5,203$2,840
14 years$8,271$7,159$6,177$5,314$4,561$2,353
15 years$7,640$6,540$5,577$4,739$4,016$1,956
16 years$7,089$6,000$5,056$4,243$3,549$1,630
17 years$6,602$5,526$4,601$3,813$3,147$1,361
18 years$6,171$5,106$4,200$3,436$2,798$1,139
19 years$5,785$4,732$3,845$3,105$2,494$955
20 years$5,438$4,398$3,529$2,812$2,228$801
21 years$5,124$4,096$3,246$2,552$1,993$673
22 years$4,840$3,824$2,991$2,320$1,787$566
23 years$4,581$3,576$2,762$2,113$1,604$476
24 years$4,343$3,351$2,554$1,927$1,442$401
25 years$4,125$3,144$2,366$1,760$1,297$337
26 years$3,924$2,955$2,194$1,609$1,169$284
27 years$3,738$2,781$2,038$1,473$1,054$240
28 years$3,566$2,621$1,894$1,350$951$202
29 years$3,406$2,472$1,763$1,238$858$170
30 years$3,257$2,335$1,642$1,136$776$144
31 years$3,118$2,207$1,531$1,043$701$121
32 years$2,987$2,088$1,428$959$634$102
33 years$2,865$1,978$1,333$882$574$86
34 years$2,751$1,875$1,246$811$520$73
35 years$2,643$1,778$1,165$747$471$62
36 years$2,541$1,688$1,090$688$427$52
37 years$2,445$1,603$1,020$634$387$44
38 years$2,355$1,523$955$584$350$37
39 years$2,269$1,448$895$539$318$31
40 years$2,187$1,378$839$497$288$26
41 years$2,110$1,312$786$458$262$22
42 years$2,037$1,249$738$423$237$19
43 years$1,967$1,190$692$390$215$16
44 years$1,901$1,135$650$361$195$13
45 years$1,838$1,082$610$333$177$11
46 years$1,778$1,032$573$308$161$10
47 years$1,720$985$538$284$146$8
48 years$1,665$940$506$263$133$7
49 years$1,612$898$476$243$121$6
50 years$1,562$858$447$224$110$5

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 $4,639 every year, while hoping to spend $42,543 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: 46/31/23 Blend
47$1,600,000$1,600,000$1,600,000$1,600,000
48$1,767,985$1,683,185$1,658,385$1,837,454
49$1,903,054$1,720,396$1,668,676$1,923,964
50$2,050,474$1,758,004$1,677,885$2,013,213
51$2,211,461$1,795,984$1,685,932$2,109,187
52$2,387,351$1,834,308$1,692,732$2,212,534
53$2,579,616$1,872,945$1,698,194$2,323,969
54$2,789,879$1,911,861$1,702,225$2,444,281
55$3,019,923$1,951,019$1,704,727$2,574,340
56$3,271,715$1,990,378$1,705,594$2,715,103
57$3,547,417$2,029,894$1,704,719$2,867,629
58$3,849,414$2,069,520$1,701,988$3,033,081
59$4,180,330$2,109,201$1,697,279$3,212,745
60$4,543,054$2,148,883$1,690,469$3,408,038
61$4,940,771$2,188,504$1,681,425$3,620,524
62$5,376,987$2,227,997$1,670,010$3,851,924
63$5,855,562$2,267,292$1,656,078$4,104,139
64$6,380,751$2,306,311$1,639,478$4,379,264
65$6,957,239$2,344,971$1,620,052$4,679,610
66$7,590,186$2,383,184$1,597,633$5,007,724
67$8,285,278$2,420,853$1,572,047$5,366,417
68$9,048,778$2,457,877$1,543,112$5,758,786
69$9,887,585$2,494,144$1,510,637$6,188,247
70$10,809,298$2,529,537$1,474,424$6,658,569
71$11,822,292$2,563,929$1,434,262$7,173,904
72$12,935,790$2,597,186$1,389,934$7,738,833
73$14,159,954$2,629,162$1,341,211$8,358,406
74$15,505,983$2,659,703$1,287,854$9,038,193
75$16,986,209$2,688,646$1,229,614$9,784,333
76$18,614,226$2,715,812$1,166,229$10,603,598
77$20,405,006$2,741,016$1,097,426$11,503,451
78$22,375,047$2,764,057$1,022,921$12,492,124
79$24,542,528$2,784,722$942,415$13,578,692
80$26,927,477$2,802,783$855,596$14,773,159
81$29,551,961$2,818,001$762,140$16,086,556
82$32,440,295$2,830,118$661,707$17,531,046
83$35,619,272$2,838,860$553,940$19,120,036
84$39,118,412$2,843,938$438,471$20,868,309
85$42,970,241$2,845,043$314,912$22,792,162
86$47,210,603$2,841,848$182,859$24,909,562
87$51,878,990$2,834,003$41,890$27,240,314
88$57,018,919$2,821,141$0$29,806,254
89$62,678,341$2,802,869$0$32,658,093
90$68,910,094$2,778,772$0$35,808,430
91$75,772,400$2,748,409$0$39,276,343
92$83,329,416$2,711,312$0$43,094,201
93$91,651,838$2,666,987$0$47,297,681
94$100,817,565$2,614,909$0$51,926,099
95$110,912,439$2,554,523$0$57,022,789
96$122,031,052$2,485,239$0$62,635,509
97$134,277,638$2,406,434$0$68,816,893
98$147,767,058$2,317,450$0$75,624,953
99$162,625,882$2,217,589$0$83,123,619
100$178,993,582$2,106,112$0$91,383,354