Can I retire at age 48 with 1,640,000?

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 $1,640,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$135,430$134,223$133,046$131,898$130,776$128,928
2 years$67,044$65,796$64,586$63,412$62,274$60,416
3 years$44,252$42,998$41,791$40,629$39,509$37,699
4 years$32,858$31,608$30,413$29,271$28,178$26,429
5 years$26,024$24,781$23,602$22,483$21,421$19,738
6 years$21,469$20,236$19,074$17,980$16,950$15,335
7 years$18,217$16,994$15,850$14,782$13,784$12,240
8 years$15,779$14,567$13,442$12,400$11,436$9,959
9 years$13,884$12,683$11,578$10,562$9,630$8,222
10 years$12,368$11,180$10,094$9,105$8,206$6,865
11 years$11,129$9,953$8,887$7,924$7,057$5,782
12 years$10,098$8,933$7,887$6,950$6,116$4,905
13 years$9,225$8,073$7,046$6,136$5,333$4,185
14 years$8,478$7,338$6,331$5,447$4,675$3,588
15 years$7,831$6,703$5,716$4,858$4,116$3,088
16 years$7,266$6,150$5,182$4,350$3,638$2,667
17 years$6,767$5,664$4,716$3,908$3,225$2,310
18 years$6,325$5,234$4,305$3,522$2,868$2,005
19 years$5,929$4,851$3,941$3,182$2,556$1,744
20 years$5,574$4,507$3,617$2,882$2,283$1,520
21 years$5,253$4,199$3,327$2,616$2,043$1,326
22 years$4,961$3,919$3,066$2,378$1,832$1,159
23 years$4,695$3,666$2,831$2,166$1,644$1,014
24 years$4,452$3,434$2,618$1,976$1,478$888
25 years$4,228$3,223$2,425$1,804$1,330$779
26 years$4,022$3,029$2,249$1,650$1,198$683
27 years$3,832$2,851$2,088$1,510$1,080$599
28 years$3,655$2,686$1,941$1,383$974$526
29 years$3,491$2,534$1,807$1,269$880$463
30 years$3,338$2,393$1,683$1,164$795$407
31 years$3,196$2,262$1,569$1,069$719$358
32 years$3,062$2,141$1,464$983$650$315
33 years$2,937$2,027$1,367$904$588$277
34 years$2,819$1,921$1,277$831$533$244
35 years$2,709$1,822$1,194$765$483$214
36 years$2,605$1,730$1,117$705$437$189
37 years$2,506$1,643$1,045$650$396$166
38 years$2,413$1,561$979$599$359$146
39 years$2,325$1,485$917$552$326$129
40 years$2,242$1,412$860$509$295$114
41 years$2,163$1,345$806$470$268$100
42 years$2,088$1,281$756$434$243$88
43 years$2,017$1,220$710$400$221$78
44 years$1,949$1,163$666$370$200$69
45 years$1,884$1,109$625$341$182$60
46 years$1,822$1,058$587$315$165$53
47 years$1,763$1,010$552$291$150$47
48 years$1,707$964$519$269$136$41
49 years$1,653$920$487$249$124$37
50 years$1,601$879$458$230$112$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,640,000, adding $2,116 every year, while hoping to spend $41,780 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: 78/6/16 Blend
47$1,640,000$1,640,000$1,640,000$1,640,000
48$1,809,463$1,722,543$1,697,123$1,944,203
49$1,949,574$1,762,494$1,709,523$2,073,300
50$2,102,577$1,803,002$1,720,938$2,209,375
51$2,269,742$1,844,051$1,731,291$2,357,485
52$2,452,467$1,885,621$1,740,501$2,518,819
53$2,652,294$1,927,692$1,748,483$2,694,685
54$2,870,917$1,970,238$1,755,147$2,886,524
55$3,110,205$2,013,234$1,760,399$3,095,925
56$3,372,214$2,056,651$1,764,140$3,324,637
57$3,659,208$2,100,455$1,766,267$3,574,587
58$3,973,681$2,144,611$1,766,670$3,847,899
59$4,318,379$2,189,079$1,765,236$4,146,912
60$4,696,326$2,233,817$1,761,844$4,474,203
61$5,110,855$2,278,777$1,756,369$4,832,612
62$5,565,634$2,323,908$1,748,679$5,225,270
63$6,064,704$2,369,156$1,738,636$5,655,622
64$6,612,518$2,414,459$1,726,095$6,127,469
65$7,213,980$2,459,752$1,710,903$6,644,995
66$7,874,490$2,504,964$1,692,903$7,212,815
67$8,600,001$2,550,020$1,671,928$7,836,010
68$9,397,066$2,594,836$1,647,802$8,520,182
69$10,272,907$2,639,324$1,620,344$9,271,502
70$11,235,480$2,683,387$1,589,363$10,096,770
71$12,293,551$2,726,924$1,554,658$11,003,482
72$13,456,774$2,769,825$1,516,019$11,999,897
73$14,735,788$2,811,969$1,473,229$13,095,114
74$16,142,314$2,853,231$1,426,058$14,299,163
75$17,689,264$2,893,474$1,374,266$15,623,096
76$19,390,868$2,932,553$1,317,602$17,079,092
77$21,262,800$2,970,312$1,255,806$18,680,572
78$23,322,332$3,006,584$1,188,602$20,442,326
79$25,588,495$3,041,191$1,115,704$22,380,655
80$28,082,255$3,073,943$1,036,814$24,513,520
81$30,826,717$3,104,638$951,619$26,860,715
82$33,847,335$3,133,059$859,792$29,444,054
83$37,172,161$3,158,976$760,992$32,287,577
84$40,832,099$3,182,143$654,863$35,417,775
85$44,861,204$3,202,299$541,032$38,863,843
86$49,297,002$3,219,167$419,111$42,657,954
87$54,180,839$3,232,449$288,695$46,835,563
88$59,558,277$3,241,832$149,359$51,435,744
89$65,479,521$3,246,981$662$56,501,556
90$71,999,890$3,247,541$0$62,080,451
91$79,180,342$3,243,134$0$68,251,703
92$87,088,049$3,233,360$0$75,047,838
93$95,797,028$3,217,793$0$82,532,336
94$105,388,843$3,195,982$0$90,775,279
95$115,953,368$3,167,449$0$99,853,888
96$127,589,644$3,131,686$0$109,853,262
97$140,406,804$3,088,155$0$120,867,175
98$154,525,109$3,036,286$0$132,998,960
99$170,077,081$2,975,474$0$146,362,489
100$187,208,753$2,905,082$0$161,083,246