Can I retire at age 48 with 1,630,000?

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 $1,630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$134,604$133,405$132,235$131,093$129,978$125,267
2 years$66,636$65,395$64,192$63,026$61,895$57,200
3 years$43,982$42,736$41,536$40,381$39,268$34,738
4 years$32,658$31,416$30,228$29,092$28,007$23,674
5 years$25,865$24,630$23,458$22,346$21,290$17,168
6 years$21,338$20,112$18,958$17,870$16,846$12,937
7 years$18,106$16,890$15,754$14,692$13,700$10,003
8 years$15,683$14,478$13,361$12,325$11,366$7,877
9 years$13,799$12,606$11,507$10,498$9,572$6,287
10 years$12,293$11,111$10,032$9,049$8,156$5,070
11 years$11,061$9,892$8,832$7,876$7,014$4,120
12 years$10,036$8,878$7,839$6,908$6,078$3,369
13 years$9,169$8,023$7,003$6,099$5,300$2,769
14 years$8,426$7,293$6,292$5,414$4,646$2,284
15 years$7,784$6,662$5,681$4,828$4,091$1,891
16 years$7,222$6,113$5,151$4,323$3,616$1,569
17 years$6,726$5,629$4,687$3,884$3,206$1,305
18 years$6,286$5,202$4,279$3,500$2,850$1,087
19 years$5,893$4,821$3,917$3,163$2,541$907
20 years$5,540$4,480$3,595$2,865$2,269$757
21 years$5,221$4,173$3,306$2,600$2,031$633
22 years$4,931$3,895$3,047$2,364$1,820$530
23 years$4,666$3,643$2,814$2,153$1,634$444
24 years$4,425$3,413$2,602$1,964$1,469$372
25 years$4,202$3,203$2,410$1,793$1,322$312
26 years$3,998$3,011$2,235$1,640$1,190$261
27 years$3,808$2,833$2,076$1,501$1,073$219
28 years$3,633$2,670$1,930$1,375$968$184
29 years$3,470$2,519$1,796$1,261$875$154
30 years$3,318$2,379$1,673$1,157$790$130
31 years$3,176$2,249$1,559$1,063$714$109
32 years$3,043$2,128$1,455$977$646$91
33 years$2,919$2,015$1,358$898$585$77
34 years$2,802$1,910$1,269$826$529$64
35 years$2,692$1,811$1,187$761$480$54
36 years$2,589$1,719$1,110$701$435$45
37 years$2,491$1,633$1,039$646$394$38
38 years$2,399$1,552$973$595$357$32
39 years$2,311$1,476$912$549$324$27
40 years$2,228$1,404$854$506$294$23
41 years$2,150$1,336$801$467$266$19
42 years$2,075$1,273$752$431$242$16
43 years$2,004$1,213$705$398$219$13
44 years$1,937$1,156$662$367$199$11
45 years$1,872$1,102$622$339$181$9
46 years$1,811$1,052$584$313$164$8
47 years$1,752$1,003$548$289$149$7
48 years$1,696$958$515$267$135$6
49 years$1,643$915$484$247$123$5
50 years$1,591$874$455$228$112$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,630,000, adding $2,292 every year, while hoping to spend $58,518 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: 41/44/15 Blend
47$1,630,000$1,630,000$1,630,000$1,630,000
48$1,798,624$1,712,234$1,686,969$1,864,314
49$1,919,821$1,733,871$1,681,220$1,932,589
50$2,051,419$1,754,607$1,673,317$2,000,528
51$2,194,417$1,774,335$1,663,126$2,072,801
52$2,349,913$1,792,944$1,650,507$2,149,833
53$2,519,118$1,810,312$1,635,313$2,232,091
54$2,703,362$1,826,311$1,617,389$2,320,094
55$2,904,108$1,840,803$1,596,574$2,414,414
56$3,122,967$1,853,643$1,572,700$2,515,686
57$3,361,714$1,864,675$1,545,590$2,624,613
58$3,622,299$1,873,735$1,515,057$2,741,970
59$3,906,871$1,880,645$1,480,909$2,868,619
60$4,217,795$1,885,220$1,442,943$3,005,509
61$4,557,674$1,887,260$1,400,946$3,153,693
62$4,929,376$1,886,555$1,354,696$3,314,335
63$5,336,056$1,882,880$1,303,962$3,488,720
64$5,781,190$1,875,997$1,248,501$3,678,273
65$6,268,604$1,865,654$1,188,059$3,884,566
66$6,802,513$1,851,582$1,122,370$4,109,339
67$7,387,558$1,833,498$1,051,159$4,354,515
68$8,028,850$1,811,101$974,133$4,622,220
69$8,732,019$1,784,070$890,993$4,914,802
70$9,503,263$1,752,069$801,419$5,234,858
71$10,349,413$1,714,737$705,084$5,585,258
72$11,277,990$1,671,696$601,641$5,969,170
73$12,297,279$1,622,543$490,730$6,390,098
74$13,416,407$1,566,853$371,975$6,851,911
75$14,645,427$1,504,176$244,983$7,358,882
76$15,995,415$1,434,035$109,344$7,915,732
77$17,478,571$1,355,925$0$8,527,675
78$19,108,334$1,269,315$0$9,206,135
79$20,899,512$1,173,639$0$9,970,848
80$22,868,418$1,068,303$0$10,811,389
81$25,033,022$952,675$0$11,735,587
82$27,413,124$826,090$0$12,752,080
83$30,030,539$687,845$0$13,870,399
84$32,909,301$537,196$0$15,101,060
85$36,075,889$373,359$0$16,455,664
86$39,559,479$195,503$0$17,947,009
87$43,392,217$2,753$0$19,589,216
88$47,609,520$0$0$21,397,860
89$52,250,414$0$0$23,489,772
90$57,357,899$0$0$25,793,718
91$62,979,352$0$0$28,329,768
92$69,166,977$0$0$31,121,506
93$75,978,299$0$0$34,194,918
94$83,476,698$0$0$37,578,636
95$91,732,015$0$0$41,304,213
96$100,821,206$0$0$45,406,413
97$110,829,070$0$0$49,923,548
98$121,849,044$0$0$54,897,828
99$133,984,092$0$0$60,375,771
100$147,347,667$0$0$66,408,633