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

Use the below retirement simulation to view the chances of a successful retirement.
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%18.2%
1 years$132,952$131,768$130,613$129,485$128,384$124,125
2 years$65,818$64,592$63,404$62,252$61,135$56,886
3 years$43,443$42,212$41,027$39,886$38,787$34,680
4 years$32,257$31,030$29,857$28,735$27,663$23,731
5 years$25,548$24,328$23,170$22,072$21,029$17,282
6 years$21,076$19,866$18,725$17,651$16,639$13,080
7 years$17,884$16,683$15,561$14,512$13,532$10,160
8 years$15,490$14,300$13,197$12,173$11,226$8,039
9 years$13,630$12,451$11,366$10,369$9,454$6,448
10 years$12,142$10,975$9,909$8,938$8,055$5,225
11 years$10,926$9,770$8,724$7,779$6,928$4,269
12 years$9,913$8,769$7,742$6,823$6,004$3,509
13 years$9,056$7,925$6,917$6,024$5,235$2,900
14 years$8,323$7,204$6,215$5,347$4,589$2,406
15 years$7,688$6,581$5,611$4,769$4,041$2,002
16 years$7,133$6,038$5,088$4,270$3,571$1,671
17 years$6,644$5,560$4,630$3,837$3,166$1,398
18 years$6,209$5,138$4,226$3,458$2,815$1,172
19 years$5,821$4,762$3,869$3,124$2,509$983
20 years$5,472$4,425$3,551$2,830$2,242$826
21 years$5,157$4,122$3,266$2,568$2,006$695
22 years$4,870$3,847$3,010$2,335$1,798$585
23 years$4,609$3,598$2,779$2,126$1,614$493
24 years$4,370$3,372$2,570$1,939$1,451$416
25 years$4,151$3,164$2,381$1,771$1,305$351
26 years$3,949$2,974$2,208$1,619$1,176$296
27 years$3,762$2,799$2,050$1,482$1,060$250
28 years$3,588$2,637$1,906$1,358$957$211
29 years$3,427$2,488$1,774$1,245$864$178
30 years$3,277$2,349$1,652$1,143$780$151
31 years$3,137$2,221$1,540$1,050$706$127
32 years$3,006$2,102$1,437$965$638$108
33 years$2,883$1,990$1,342$887$578$91
34 years$2,768$1,886$1,254$816$523$77
35 years$2,659$1,789$1,172$751$474$65
36 years$2,557$1,698$1,096$692$429$55
37 years$2,461$1,613$1,026$638$389$47
38 years$2,369$1,533$961$588$353$39
39 years$2,283$1,457$900$542$320$33
40 years$2,201$1,387$844$500$290$28
41 years$2,123$1,320$791$461$263$24
42 years$2,050$1,257$742$426$239$20
43 years$1,980$1,198$697$393$217$17
44 years$1,913$1,142$654$363$197$14
45 years$1,849$1,089$614$335$179$12
46 years$1,789$1,039$577$309$162$10
47 years$1,731$991$542$286$147$9
48 years$1,675$946$509$264$134$7
49 years$1,623$904$479$244$121$6
50 years$1,572$863$450$226$110$5

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 $6,827 every year, while hoping to spend $37,125 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: 40/36/24 Blend
47$1,610,000$1,610,000$1,610,000$1,610,000
48$1,781,262$1,695,932$1,670,977$1,839,633
49$1,923,450$1,739,532$1,687,454$1,925,956
50$2,078,897$1,784,024$1,703,239$2,015,277
51$2,248,916$1,829,413$1,718,269$2,111,175
52$2,434,953$1,875,702$1,732,479$2,214,273
53$2,638,600$1,922,893$1,745,799$2,325,257
54$2,861,611$1,970,988$1,758,156$2,444,882
55$3,105,916$2,019,987$1,769,475$2,573,979
56$3,373,641$2,069,888$1,779,674$2,713,467
57$3,667,128$2,120,689$1,788,669$2,864,354
58$3,988,956$2,172,383$1,796,370$3,027,754
59$4,341,966$2,224,966$1,802,685$3,204,894
60$4,729,286$2,278,429$1,807,514$3,397,125
61$5,154,362$2,332,761$1,810,755$3,605,937
62$5,620,991$2,387,951$1,812,300$3,832,972
63$6,133,354$2,443,982$1,812,034$4,080,039
64$6,696,057$2,500,838$1,809,838$4,349,132
65$7,314,175$2,558,499$1,805,587$4,642,451
66$7,993,297$2,616,942$1,799,150$4,962,417
67$8,739,581$2,676,140$1,790,390$5,311,702
68$9,559,812$2,736,064$1,779,161$5,693,249
69$10,461,463$2,796,681$1,765,313$6,110,303
70$11,452,769$2,857,956$1,748,688$6,566,440
71$12,542,801$2,919,846$1,729,119$7,065,603
72$13,741,556$2,982,306$1,706,433$7,612,139
73$15,060,043$3,045,289$1,680,448$8,210,836
74$16,510,398$3,108,738$1,650,973$8,866,976
75$18,105,987$3,172,594$1,617,809$9,586,380
76$19,861,539$3,236,792$1,580,747$10,375,464
77$21,793,282$3,301,262$1,539,568$11,241,300
78$23,919,098$3,365,925$1,494,045$12,191,685
79$26,258,689$3,430,698$1,443,939$13,235,212
80$28,833,764$3,495,491$1,388,998$14,381,355
81$31,668,241$3,560,203$1,328,963$15,640,556
82$34,788,478$3,624,730$1,263,561$17,024,325
83$38,223,517$3,688,956$1,192,504$18,545,350
84$42,005,359$3,752,757$1,115,495$20,217,616
85$46,169,263$3,816,001$1,032,223$22,056,539
86$50,754,086$3,878,543$942,360$24,079,110
87$55,802,641$3,940,230$845,568$26,304,061
88$61,362,106$4,000,896$741,489$28,752,036
89$67,484,465$4,060,364$629,753$31,445,791
90$74,227,002$4,118,443$509,972$34,410,410
91$81,652,840$4,174,931$381,740$37,673,540
92$89,831,537$4,229,610$244,635$41,265,655
93$98,839,739$4,282,246$98,215$45,220,344
94$108,761,907$4,332,591$0$49,574,629
95$119,691,112$4,380,379$0$54,384,180
96$131,729,915$4,425,326$0$59,706,918
97$144,991,330$4,467,131$0$65,567,366
98$159,599,896$4,505,470$0$72,020,299
99$175,692,848$4,540,001$0$79,126,080
100$193,421,415$4,570,357$0$86,951,231