Can I retire at age 48 with 1,660,000?

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 $1,660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$137,081$135,860$134,669$133,506$132,371$130,446
2 years$67,862$66,598$65,373$64,186$63,034$61,099
3 years$44,792$43,523$42,301$41,124$39,991$38,106
4 years$33,259$31,994$30,784$29,628$28,522$26,702
5 years$26,341$25,083$23,890$22,757$21,682$19,931
6 years$21,731$20,483$19,306$18,199$17,156$15,477
7 years$18,439$17,201$16,044$14,962$13,953$12,346
8 years$15,971$14,745$13,606$12,552$11,575$10,040
9 years$14,053$12,838$11,719$10,691$9,748$8,284
10 years$12,519$11,316$10,217$9,216$8,306$6,912
11 years$11,265$10,074$8,995$8,021$7,143$5,818
12 years$10,221$9,042$7,983$7,035$6,190$4,932
13 years$9,338$8,171$7,132$6,211$5,398$4,206
14 years$8,582$7,427$6,408$5,513$4,732$3,603
15 years$7,927$6,785$5,786$4,917$4,166$3,099
16 years$7,354$6,225$5,246$4,403$3,682$2,674
17 years$6,850$5,733$4,773$3,956$3,265$2,315
18 years$6,402$5,298$4,357$3,565$2,903$2,008
19 years$6,002$4,910$3,989$3,221$2,587$1,745
20 years$5,642$4,562$3,661$2,917$2,311$1,520
21 years$5,317$4,250$3,367$2,648$2,068$1,325
22 years$5,021$3,967$3,104$2,407$1,854$1,157
23 years$4,752$3,710$2,866$2,192$1,664$1,012
24 years$4,506$3,476$2,650$2,000$1,496$885
25 years$4,280$3,262$2,455$1,826$1,346$776
26 years$4,071$3,066$2,276$1,670$1,212$680
27 years$3,878$2,885$2,114$1,528$1,093$596
28 years$3,700$2,719$1,965$1,400$986$523
29 years$3,534$2,565$1,829$1,284$891$459
30 years$3,379$2,422$1,703$1,179$805$403
31 years$3,235$2,290$1,588$1,082$728$354
32 years$3,099$2,167$1,482$995$658$312
33 years$2,973$2,052$1,383$915$596$274
34 years$2,854$1,945$1,293$842$539$241
35 years$2,742$1,845$1,208$775$488$212
36 years$2,636$1,751$1,131$714$443$186
37 years$2,537$1,663$1,058$657$401$164
38 years$2,443$1,580$991$606$364$144
39 years$2,354$1,503$928$559$330$127
40 years$2,269$1,430$870$515$299$112
41 years$2,189$1,361$816$475$271$98
42 years$2,113$1,296$765$439$246$87
43 years$2,041$1,235$718$405$223$76
44 years$1,972$1,177$674$374$203$67
45 years$1,907$1,123$633$345$184$59
46 years$1,844$1,071$595$319$167$52
47 years$1,785$1,022$559$295$152$46
48 years$1,727$976$525$272$138$40
49 years$1,673$932$493$252$125$36
50 years$1,621$890$464$233$114$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,660,000, adding $2,594 every year, while hoping to spend $35,640 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: 41/36/23 Blend
47$1,660,000$1,660,000$1,660,000$1,660,000
48$1,831,996$1,744,016$1,718,286$1,894,608
49$1,980,939$1,791,552$1,737,928$1,987,250
50$2,143,879$1,840,223$1,757,033$2,083,872
51$2,322,207$1,890,046$1,775,546$2,187,743
52$2,517,454$1,941,040$1,793,409$2,299,548
53$2,731,306$1,993,222$1,810,559$2,420,041
54$2,965,617$2,046,608$1,826,931$2,550,051
55$3,222,434$2,101,216$1,842,457$2,690,492
56$3,504,007$2,157,060$1,857,064$2,842,370
57$3,812,816$2,214,157$1,870,676$3,006,794
58$4,151,593$2,272,520$1,883,214$3,184,984
59$4,523,347$2,332,165$1,894,592$3,378,284
60$4,931,390$2,393,103$1,904,723$3,588,176
61$5,379,373$2,455,346$1,913,513$3,816,292
62$5,871,318$2,518,907$1,920,864$4,064,430
63$6,411,653$2,583,794$1,926,674$4,334,569
64$7,005,259$2,650,017$1,930,835$4,628,893
65$7,657,510$2,717,583$1,933,233$4,949,807
66$8,374,329$2,786,498$1,933,749$5,299,959
67$9,162,240$2,856,765$1,932,259$5,682,271
68$10,028,430$2,928,388$1,928,631$6,099,959
69$10,980,819$3,001,368$1,922,728$6,556,568
70$12,028,129$3,075,702$1,914,407$7,056,007
71$13,179,975$3,151,388$1,903,516$7,602,580
72$14,446,945$3,228,418$1,889,897$8,201,034
73$15,840,709$3,306,786$1,873,383$8,856,598
74$17,374,122$3,386,479$1,853,802$9,575,034
75$19,061,349$3,467,484$1,830,972$10,362,695
76$20,917,999$3,549,782$1,804,701$11,226,581
77$22,961,266$3,633,354$1,774,791$12,174,405
78$25,210,101$3,718,173$1,741,031$13,214,671
79$27,685,381$3,804,213$1,703,205$14,356,750
80$30,410,110$3,891,440$1,661,083$15,610,968
81$33,409,637$3,979,817$1,614,425$16,988,708
82$36,711,894$4,069,301$1,562,982$18,502,515
83$40,347,657$4,159,847$1,506,492$20,166,214
84$44,350,838$4,251,400$1,444,680$21,995,043
85$48,758,808$4,343,903$1,377,261$24,005,797
86$53,612,742$4,437,290$1,303,935$26,216,983
87$58,958,015$4,531,490$1,224,389$28,649,002
88$64,844,623$4,626,424$1,138,298$31,324,336
89$71,327,662$4,722,005$1,045,318$34,267,766
90$78,467,840$4,818,141$945,093$37,506,599
91$86,332,057$4,914,726$837,250$41,070,935
92$94,994,029$5,011,651$721,401$44,993,947
93$104,534,990$5,108,791$597,137$49,312,195
94$115,044,453$5,206,016$464,036$54,065,972
95$126,621,059$5,303,182$321,652$59,299,686
96$139,373,503$5,400,135$169,524$65,062,281
97$153,421,566$5,496,707$7,168$71,407,698
98$168,897,237$5,592,717$0$78,395,385
99$185,945,968$5,687,973$0$86,131,623
100$204,728,037$5,782,264$0$94,652,385