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

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 $1,630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$134,604$133,405$132,235$131,093$129,978$125,667
2 years$66,636$65,395$64,192$63,026$61,895$57,593
3 years$43,982$42,736$41,536$40,381$39,268$35,111
4 years$32,658$31,416$30,228$29,092$28,007$24,026
5 years$25,865$24,630$23,458$22,346$21,290$17,496
6 years$21,338$20,112$18,958$17,870$16,846$13,242
7 years$18,106$16,890$15,754$14,692$13,700$10,286
8 years$15,683$14,478$13,361$12,325$11,366$8,139
9 years$13,799$12,606$11,507$10,498$9,572$6,528
10 years$12,293$11,111$10,032$9,049$8,156$5,290
11 years$11,061$9,892$8,832$7,876$7,014$4,322
12 years$10,036$8,878$7,839$6,908$6,078$3,553
13 years$9,169$8,023$7,003$6,099$5,300$2,936
14 years$8,426$7,293$6,292$5,414$4,646$2,436
15 years$7,784$6,662$5,681$4,828$4,091$2,027
16 years$7,222$6,113$5,151$4,323$3,616$1,692
17 years$6,726$5,629$4,687$3,884$3,206$1,415
18 years$6,286$5,202$4,279$3,500$2,850$1,186
19 years$5,893$4,821$3,917$3,163$2,541$996
20 years$5,540$4,480$3,595$2,865$2,269$837
21 years$5,221$4,173$3,306$2,600$2,031$704
22 years$4,931$3,895$3,047$2,364$1,820$593
23 years$4,666$3,643$2,814$2,153$1,634$499
24 years$4,425$3,413$2,602$1,964$1,469$421
25 years$4,202$3,203$2,410$1,793$1,322$355
26 years$3,998$3,011$2,235$1,640$1,190$300
27 years$3,808$2,833$2,076$1,501$1,073$253
28 years$3,633$2,670$1,930$1,375$968$214
29 years$3,470$2,519$1,796$1,261$875$181
30 years$3,318$2,379$1,673$1,157$790$153
31 years$3,176$2,249$1,559$1,063$714$129
32 years$3,043$2,128$1,455$977$646$109
33 years$2,919$2,015$1,358$898$585$92
34 years$2,802$1,910$1,269$826$529$78
35 years$2,692$1,811$1,187$761$480$66
36 years$2,589$1,719$1,110$701$435$56
37 years$2,491$1,633$1,039$646$394$47
38 years$2,399$1,552$973$595$357$40
39 years$2,311$1,476$912$549$324$34
40 years$2,228$1,404$854$506$294$29
41 years$2,150$1,336$801$467$266$24
42 years$2,075$1,273$752$431$242$20
43 years$2,004$1,213$705$398$219$17
44 years$1,937$1,156$662$367$199$15
45 years$1,872$1,102$622$339$181$12
46 years$1,811$1,052$584$313$164$10
47 years$1,752$1,003$548$289$149$9
48 years$1,696$958$515$267$135$7
49 years$1,643$915$484$247$123$6
50 years$1,591$874$455$228$112$5

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 $6,210 every year, while hoping to spend $26,152 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: 40/48/12 Blend
47$1,630,000$1,630,000$1,630,000$1,630,000
48$1,802,666$1,716,276$1,691,011$1,868,075
49$1,958,712$1,772,548$1,719,834$1,971,109
50$2,129,799$1,830,700$1,748,746$2,079,450
51$2,317,432$1,890,799$1,777,723$2,196,075
52$2,523,271$1,952,909$1,806,738$2,321,745
53$2,749,144$2,017,101$1,835,763$2,457,297
54$2,997,064$2,083,446$1,864,768$2,603,652
55$3,269,248$2,152,018$1,893,722$2,761,818
56$3,568,139$2,222,895$1,922,589$2,932,910
57$3,896,428$2,296,155$1,951,334$3,118,147
58$4,257,079$2,371,882$1,979,919$3,318,874
59$4,653,357$2,450,161$2,008,303$3,536,568
60$5,088,861$2,531,080$2,036,443$3,772,854
61$5,567,554$2,614,732$2,064,292$4,029,520
62$6,093,801$2,701,211$2,091,803$4,308,532
63$6,672,414$2,790,615$2,118,924$4,612,055
64$7,308,692$2,883,047$2,145,600$4,942,469
65$8,008,475$2,978,613$2,171,773$5,302,394
66$8,778,196$3,077,422$2,197,385$5,694,714
67$9,624,944$3,179,587$2,222,369$6,122,602
68$10,556,528$3,285,227$2,246,658$6,589,553
69$11,581,554$3,394,462$2,270,181$7,099,412
70$12,709,502$3,507,421$2,292,862$7,656,413
71$13,950,820$3,624,234$2,314,621$8,265,217
72$15,317,019$3,745,036$2,335,376$8,930,956
73$16,820,780$3,869,968$2,355,037$9,659,281
74$18,476,081$3,999,178$2,373,512$10,456,414
75$20,298,319$4,132,815$2,390,702$11,329,208
76$22,304,462$4,271,038$2,406,505$12,285,208
77$24,513,207$4,414,008$2,420,813$13,332,724
78$26,945,155$4,561,895$2,433,511$14,480,908
79$29,623,007$4,714,874$2,444,479$15,739,841
80$32,571,777$4,873,127$2,453,593$17,120,624
81$35,819,030$5,036,842$2,460,720$18,635,487
82$39,395,137$5,206,213$2,465,721$20,297,900
83$43,333,569$5,381,445$2,468,450$22,122,698
84$47,671,204$5,562,748$2,468,754$24,126,227
85$52,448,684$5,750,339$2,466,474$26,326,490
86$57,710,789$5,944,445$2,461,440$28,743,321
87$63,506,867$6,145,300$2,453,476$31,398,568
88$69,891,297$6,353,150$2,442,397$34,316,302
89$76,924,001$6,568,246$2,428,009$37,523,039
90$84,671,010$6,790,851$2,410,109$41,047,994
91$93,205,088$7,021,238$2,388,483$44,923,352
92$102,606,418$7,259,689$2,362,907$49,184,571
93$112,963,357$7,506,498$2,333,149$53,870,720
94$124,373,273$7,761,970$2,298,963$59,024,841
95$136,943,462$8,026,422$2,260,093$64,694,358
96$150,792,159$8,300,181$2,216,271$70,931,522
97$166,049,659$8,583,589$2,167,215$77,793,902
98$182,859,539$8,876,999$2,112,632$85,344,932
99$201,380,021$9,180,781$2,052,214$93,654,501
100$221,785,459$9,495,316$1,985,639$102,799,619