Can I retire at age 48 with 1,670,000?

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 $1,670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$137,907$136,679$135,480$134,310$133,168$131,341
2 years$68,271$66,999$65,767$64,572$63,413$61,576
3 years$45,062$43,785$42,556$41,372$40,232$38,441
4 years$33,460$32,186$30,970$29,806$28,694$26,963
5 years$26,500$25,235$24,034$22,894$21,813$20,147
6 years$21,862$20,606$19,423$18,309$17,260$15,662
7 years$18,550$17,305$16,140$15,052$14,037$12,507
8 years$16,068$14,833$13,688$12,627$11,645$10,183
9 years$14,138$12,915$11,790$10,756$9,807$8,412
10 years$12,595$11,384$10,279$9,271$8,356$7,027
11 years$11,333$10,135$9,049$8,069$7,186$5,923
12 years$10,282$9,096$8,031$7,077$6,227$5,027
13 years$9,394$8,220$7,175$6,248$5,430$4,292
14 years$8,633$7,472$6,447$5,547$4,760$3,682
15 years$7,975$6,826$5,821$4,947$4,191$3,171
16 years$7,399$6,263$5,277$4,429$3,704$2,741
17 years$6,891$5,768$4,802$3,980$3,284$2,375
18 years$6,441$5,330$4,384$3,586$2,920$2,064
19 years$6,038$4,939$4,013$3,241$2,603$1,796
20 years$5,676$4,590$3,683$2,935$2,325$1,567
21 years$5,349$4,275$3,388$2,664$2,081$1,368
22 years$5,052$3,991$3,122$2,422$1,865$1,197
23 years$4,781$3,733$2,883$2,206$1,674$1,048
24 years$4,533$3,497$2,666$2,012$1,505$918
25 years$4,306$3,282$2,469$1,837$1,354$806
26 years$4,096$3,084$2,290$1,680$1,220$707
27 years$3,902$2,903$2,127$1,538$1,100$621
28 years$3,722$2,735$1,977$1,409$992$546
29 years$3,555$2,580$1,840$1,292$896$480
30 years$3,399$2,437$1,714$1,186$810$422
31 years$3,254$2,304$1,598$1,089$732$372
32 years$3,118$2,180$1,491$1,001$662$327
33 years$2,991$2,064$1,392$920$599$288
34 years$2,871$1,957$1,300$847$542$254
35 years$2,758$1,856$1,216$779$491$224
36 years$2,652$1,761$1,137$718$445$197
37 years$2,552$1,673$1,065$661$403$174
38 years$2,458$1,590$997$610$366$153
39 years$2,368$1,512$934$562$332$135
40 years$2,283$1,438$875$518$301$119
41 years$2,203$1,369$821$478$273$105
42 years$2,126$1,304$770$441$248$93
43 years$2,053$1,242$723$408$225$82
44 years$1,984$1,184$678$376$204$72
45 years$1,918$1,129$637$347$185$64
46 years$1,855$1,077$598$321$168$56
47 years$1,795$1,028$562$297$153$50
48 years$1,738$981$528$274$139$44
49 years$1,683$937$496$253$126$39
50 years$1,631$895$467$234$114$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,670,000, adding $5,791 every year, while hoping to spend $57,933 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: 71/14/15 Blend
47$1,670,000$1,670,000$1,670,000$1,670,000
48$1,846,313$1,757,803$1,731,918$1,970,731
49$1,972,997$1,782,296$1,728,297$2,078,586
50$2,110,661$1,806,046$1,722,613$2,189,068
51$2,260,364$1,828,958$1,714,736$2,308,510
52$2,423,270$1,850,926$1,704,529$2,437,790
53$2,600,662$1,871,839$1,691,849$2,577,870
54$2,793,950$1,891,580$1,676,546$2,729,814
55$3,004,685$1,910,020$1,658,464$2,894,794
56$3,234,577$1,927,025$1,637,436$3,074,101
57$3,485,506$1,942,451$1,613,292$3,269,158
58$3,759,540$1,956,144$1,585,850$3,481,535
59$4,058,960$1,967,942$1,554,923$3,712,961
60$4,386,272$1,977,669$1,520,311$3,965,343
61$4,744,240$1,985,143$1,481,809$4,240,783
62$5,135,902$1,990,165$1,439,200$4,541,597
63$5,564,609$1,992,528$1,392,258$4,870,341
64$6,034,046$1,992,009$1,340,746$5,229,829
65$6,548,274$1,988,372$1,284,416$5,623,165
66$7,111,764$1,981,369$1,223,010$6,053,772
67$7,729,441$1,970,732$1,156,257$6,525,421
68$8,406,727$1,956,181$1,083,875$7,042,271
69$9,149,596$1,937,417$1,005,568$7,608,907
70$9,964,627$1,914,123$921,027$8,230,381
71$10,859,068$1,885,963$829,930$8,912,265
72$11,840,899$1,852,583$731,939$9,660,701
73$12,918,915$1,813,604$626,703$10,482,457
74$14,102,802$1,768,627$513,855$11,384,999
75$15,403,229$1,717,231$393,010$12,376,552
76$16,831,950$1,658,968$263,768$13,466,187
77$18,401,916$1,593,363$125,711$14,663,900
78$20,127,390$1,519,917$0$15,980,713
79$22,024,090$1,438,100$0$17,432,235
80$24,109,331$1,347,350$0$19,050,093
81$26,402,187$1,247,074$0$20,828,984
82$28,923,677$1,136,647$0$22,785,260
83$31,696,955$1,015,406$0$24,936,941
84$34,747,534$882,651$0$27,303,884
85$38,103,523$737,641$0$29,907,975
86$41,795,892$579,596$0$32,773,329
87$45,858,767$407,690$0$35,926,524
88$50,329,745$221,050$0$39,396,850
89$55,250,254$18,757$0$43,216,586
90$60,665,942$0$0$47,421,303
91$66,627,105$0$0$52,081,040
92$73,189,163$0$0$57,213,772
93$80,413,184$0$0$62,864,387
94$88,366,455$0$0$69,085,531
95$97,123,119$0$0$75,935,215
96$106,764,877$0$0$83,477,360
97$117,381,753$0$0$91,782,401
98$129,072,946$0$0$100,927,953
99$141,947,767$0$0$110,999,538
100$156,126,664$0$0$122,091,399