Can I retire at age 48 with 1,610,000?

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 $1,610,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$132,952$131,768$130,613$129,485$128,384$127,682
2 years$65,818$64,592$63,404$62,252$61,135$60,427
3 years$43,443$42,212$41,027$39,886$38,787$38,094
4 years$32,257$31,030$29,857$28,735$27,663$26,991
5 years$25,548$24,328$23,170$22,072$21,029$20,380
6 years$21,076$19,866$18,725$17,651$16,639$16,014
7 years$17,884$16,683$15,561$14,512$13,532$12,931
8 years$15,490$14,300$13,197$12,173$11,226$10,649
9 years$13,630$12,451$11,366$10,369$9,454$8,901
10 years$12,142$10,975$9,909$8,938$8,055$7,526
11 years$10,926$9,770$8,724$7,779$6,928$6,422
12 years$9,913$8,769$7,742$6,823$6,004$5,520
13 years$9,056$7,925$6,917$6,024$5,235$4,774
14 years$8,323$7,204$6,215$5,347$4,589$4,150
15 years$7,688$6,581$5,611$4,769$4,041$3,623
16 years$7,133$6,038$5,088$4,270$3,571$3,174
17 years$6,644$5,560$4,630$3,837$3,166$2,790
18 years$6,209$5,138$4,226$3,458$2,815$2,458
19 years$5,821$4,762$3,869$3,124$2,509$2,171
20 years$5,472$4,425$3,551$2,830$2,242$1,921
21 years$5,157$4,122$3,266$2,568$2,006$1,703
22 years$4,870$3,847$3,010$2,335$1,798$1,512
23 years$4,609$3,598$2,779$2,126$1,614$1,344
24 years$4,370$3,372$2,570$1,939$1,451$1,197
25 years$4,151$3,164$2,381$1,771$1,305$1,066
26 years$3,949$2,974$2,208$1,619$1,176$951
27 years$3,762$2,799$2,050$1,482$1,060$849
28 years$3,588$2,637$1,906$1,358$957$758
29 years$3,427$2,488$1,774$1,245$864$677
30 years$3,277$2,349$1,652$1,143$780$606
31 years$3,137$2,221$1,540$1,050$706$542
32 years$3,006$2,102$1,437$965$638$485
33 years$2,883$1,990$1,342$887$578$434
34 years$2,768$1,886$1,254$816$523$389
35 years$2,659$1,789$1,172$751$474$349
36 years$2,557$1,698$1,096$692$429$312
37 years$2,461$1,613$1,026$638$389$280
38 years$2,369$1,533$961$588$353$251
39 years$2,283$1,457$900$542$320$225
40 years$2,201$1,387$844$500$290$202
41 years$2,123$1,320$791$461$263$181
42 years$2,050$1,257$742$426$239$163
43 years$1,980$1,198$697$393$217$146
44 years$1,913$1,142$654$363$197$131
45 years$1,849$1,089$614$335$179$118
46 years$1,789$1,039$577$309$162$106
47 years$1,731$991$542$286$147$95
48 years$1,675$946$509$264$134$85
49 years$1,623$904$479$244$121$76
50 years$1,572$863$450$226$110$69

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,610,000, adding $4,496 every year, while hoping to spend $58,307 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: 31/42/27 Blend
47$1,610,000$1,610,000$1,610,000$1,610,000
48$1,778,858$1,693,528$1,668,573$1,819,151
49$1,898,263$1,714,472$1,662,432$1,871,540
50$2,027,893$1,734,489$1,654,131$1,922,446
51$2,168,730$1,753,471$1,643,536$1,976,089
52$2,321,853$1,771,303$1,630,507$2,032,747
53$2,488,450$1,787,865$1,614,897$2,092,732
54$2,669,828$1,803,026$1,596,551$2,156,390
55$2,867,424$1,816,648$1,575,309$2,224,107
56$3,082,820$1,828,583$1,551,002$2,296,310
57$3,317,760$1,838,675$1,523,452$2,373,478
58$3,574,158$1,846,758$1,492,475$2,456,139
59$3,854,126$1,852,652$1,457,876$2,544,882
60$4,159,986$1,856,171$1,419,454$2,640,362
61$4,494,295$1,857,114$1,376,996$2,743,305
62$4,859,868$1,855,267$1,330,280$2,854,516
63$5,259,804$1,850,406$1,279,075$2,974,891
64$5,697,518$1,842,289$1,223,137$3,105,422
65$6,176,766$1,830,663$1,162,214$3,247,211
66$6,701,688$1,815,257$1,096,040$3,401,479
67$7,276,842$1,795,786$1,024,338$3,569,579
68$7,907,245$1,771,945$946,820$3,753,011
69$8,598,427$1,743,414$863,181$3,953,439
70$9,356,476$1,709,850$773,107$4,172,704
71$10,188,098$1,670,894$676,267$4,412,846
72$11,100,679$1,626,162$572,317$4,676,125
73$12,102,355$1,575,251$460,896$4,965,040
74$13,202,088$1,517,732$341,629$5,282,359
75$14,409,751$1,453,150$214,124$5,631,148
76$15,736,218$1,381,027$77,970$6,014,795
77$17,193,470$1,300,856$0$6,437,050
78$18,794,705$1,212,099$0$6,921,459
79$20,554,463$1,114,189$0$7,478,444
80$22,488,760$1,006,526$0$8,090,726
81$24,615,245$888,477$0$8,764,052
82$26,953,359$759,372$0$9,504,769
83$29,524,522$618,502$0$10,319,881
84$32,352,335$465,120$0$11,217,120
85$35,462,798$298,436$0$12,205,018
86$38,884,560$117,616$0$13,292,995
87$42,649,186$0$0$14,491,444
88$46,791,452$0$0$15,847,986
89$51,349,680$0$0$17,400,855
90$56,366,090$0$0$19,110,112
91$61,887,204$0$0$20,991,647
92$67,964,283$0$0$23,062,965
93$74,653,808$0$0$25,343,358
94$82,018,016$0$0$27,854,083
95$90,125,482$0$0$30,618,561
96$99,051,772$0$0$33,662,602
97$108,880,148$0$0$37,014,644
98$119,702,358$0$0$40,706,027
99$131,619,502$0$0$44,771,280
100$144,742,981$0$0$49,248,457