Can I retire at age 48 with 1,650,000?

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 $1,650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$136,255$135,042$133,858$132,702$131,573$128,081
2 years$67,453$66,197$64,979$63,799$62,654$59,160
3 years$44,522$43,260$42,046$40,877$39,750$36,364
4 years$33,059$31,801$30,599$29,449$28,350$25,097
5 years$26,183$24,932$23,746$22,620$21,551$18,441
6 years$21,600$20,359$19,190$18,089$17,053$14,088
7 years$18,328$17,098$15,947$14,872$13,869$11,050
8 years$15,875$14,656$13,524$12,476$11,505$8,831
9 years$13,968$12,761$11,649$10,627$9,689$7,156
10 years$12,444$11,248$10,156$9,160$8,256$5,862
11 years$11,197$10,013$8,941$7,972$7,100$4,841
12 years$10,159$8,987$7,935$6,993$6,153$4,025
13 years$9,281$8,122$7,089$6,174$5,365$3,364
14 years$8,530$7,383$6,370$5,480$4,703$2,824
15 years$7,879$6,744$5,751$4,887$4,141$2,379
16 years$7,310$6,188$5,214$4,376$3,660$2,010
17 years$6,809$5,699$4,745$3,932$3,245$1,702
18 years$6,363$5,266$4,331$3,543$2,885$1,445
19 years$5,966$4,880$3,965$3,202$2,572$1,228
20 years$5,608$4,535$3,639$2,900$2,297$1,046
21 years$5,285$4,224$3,347$2,632$2,056$891
22 years$4,991$3,943$3,085$2,393$1,843$761
23 years$4,724$3,688$2,848$2,179$1,654$650
24 years$4,479$3,455$2,634$1,988$1,487$555
25 years$4,254$3,243$2,440$1,815$1,338$475
26 years$4,047$3,048$2,263$1,660$1,205$406
27 years$3,855$2,868$2,101$1,519$1,086$348
28 years$3,677$2,703$1,953$1,392$980$298
29 years$3,512$2,550$1,818$1,276$885$255
30 years$3,359$2,408$1,693$1,171$800$219
31 years$3,215$2,276$1,578$1,076$723$187
32 years$3,081$2,154$1,473$989$654$161
33 years$2,955$2,040$1,375$909$592$138
34 years$2,837$1,933$1,285$837$536$118
35 years$2,725$1,834$1,201$770$485$101
36 years$2,621$1,740$1,124$709$440$87
37 years$2,522$1,653$1,052$653$399$75
38 years$2,428$1,571$985$602$361$64
39 years$2,340$1,494$923$555$328$55
40 years$2,256$1,421$865$512$297$47
41 years$2,176$1,353$811$473$270$40
42 years$2,101$1,288$761$436$245$35
43 years$2,029$1,228$714$403$222$30
44 years$1,960$1,170$670$372$202$26
45 years$1,895$1,116$629$343$183$22
46 years$1,833$1,064$591$317$166$19
47 years$1,774$1,016$555$293$151$16
48 years$1,717$970$522$271$137$14
49 years$1,663$926$490$250$124$12
50 years$1,611$885$461$231$113$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,650,000, adding $3,079 every year, while hoping to spend $40,301 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: 51/21/28 Blend
47$1,650,000$1,650,000$1,650,000$1,650,000
48$1,821,476$1,734,026$1,708,451$1,899,858
49$1,964,387$1,776,113$1,722,804$1,996,904
50$2,120,523$1,818,912$1,736,287$2,098,082
51$2,291,193$1,862,415$1,748,829$2,207,315
52$2,477,833$1,906,612$1,760,354$2,325,385
53$2,682,029$1,951,493$1,770,782$2,453,157
54$2,905,523$1,997,043$1,780,031$2,591,586
55$3,150,237$2,043,248$1,788,012$2,741,721
56$3,418,284$2,090,091$1,794,633$2,904,720
57$3,711,994$2,137,550$1,799,798$3,081,861
58$4,033,931$2,185,604$1,803,405$3,274,550
59$4,386,920$2,234,226$1,805,348$3,484,338
60$4,774,072$2,283,390$1,805,513$3,712,935
61$5,198,814$2,333,062$1,803,784$3,962,227
62$5,664,920$2,383,209$1,800,038$4,234,291
63$6,176,547$2,433,792$1,794,144$4,531,418
64$6,738,275$2,484,768$1,785,968$4,856,133
65$7,355,148$2,536,091$1,775,367$5,211,221
66$8,032,724$2,587,710$1,762,193$5,599,750
67$8,777,124$2,639,570$1,746,289$6,025,103
68$9,595,092$2,691,610$1,727,491$6,491,011
69$10,494,058$2,743,766$1,705,629$7,001,586
70$11,482,208$2,795,966$1,680,523$7,561,359
71$12,568,557$2,848,133$1,651,985$8,175,329
72$13,763,042$2,900,184$1,619,819$8,849,003
73$15,076,608$2,952,028$1,583,818$9,588,454
74$16,521,315$3,003,570$1,543,769$10,400,377
75$18,110,449$3,054,705$1,499,444$11,292,150
76$19,858,649$3,105,319$1,450,610$12,271,908
77$21,782,044$3,155,294$1,397,019$13,348,619
78$23,898,408$3,204,498$1,338,414$14,532,169
79$26,227,320$3,252,793$1,274,525$15,833,453
80$28,790,356$3,300,029$1,205,072$17,264,483
81$31,611,289$3,346,048$1,129,759$18,838,501
82$34,716,314$3,390,677$1,048,278$20,570,100
83$38,134,292$3,433,734$960,310$22,475,371
84$41,897,027$3,475,024$865,517$24,572,045
85$46,039,561$3,514,338$763,550$26,879,672
86$50,600,509$3,551,453$654,041$29,419,798
87$55,622,417$3,586,131$536,608$32,216,173
88$61,152,172$3,618,119$410,852$35,294,976
89$67,241,433$3,647,147$276,356$38,685,061
90$73,947,130$3,672,927$132,684$42,418,235
91$81,331,989$3,695,153$0$46,529,552
92$89,465,136$3,713,500$0$51,063,821
93$98,422,738$3,727,619$0$56,100,167
94$108,288,728$3,737,143$0$61,645,998
95$119,155,596$3,741,681$0$67,753,207
96$131,125,259$3,740,815$0$74,478,982
97$144,310,025$3,734,105$0$81,886,343
98$158,833,652$3,721,080$0$90,044,739
99$174,832,514$3,701,244$0$99,030,706
100$192,456,893$3,674,067$0$108,928,586