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%12.3%
1 years$137,907$136,679$135,480$134,310$133,168$131,887
2 years$68,271$66,999$65,767$64,572$63,413$62,123
3 years$45,062$43,785$42,556$41,372$40,232$38,972
4 years$33,460$32,186$30,970$29,806$28,694$27,474
5 years$26,500$25,235$24,034$22,894$21,813$20,637
6 years$21,862$20,606$19,423$18,309$17,260$16,129
7 years$18,550$17,305$16,140$15,052$14,037$12,952
8 years$16,068$14,833$13,688$12,627$11,645$10,606
9 years$14,138$12,915$11,790$10,756$9,807$8,813
10 years$12,595$11,384$10,279$9,271$8,356$7,407
11 years$11,333$10,135$9,049$8,069$7,186$6,282
12 years$10,282$9,096$8,031$7,077$6,227$5,366
13 years$9,394$8,220$7,175$6,248$5,430$4,611
14 years$8,633$7,472$6,447$5,547$4,760$3,982
15 years$7,975$6,826$5,821$4,947$4,191$3,453
16 years$7,399$6,263$5,277$4,429$3,704$3,005
17 years$6,891$5,768$4,802$3,980$3,284$2,623
18 years$6,441$5,330$4,384$3,586$2,920$2,295
19 years$6,038$4,939$4,013$3,241$2,603$2,012
20 years$5,676$4,590$3,683$2,935$2,325$1,768
21 years$5,349$4,275$3,388$2,664$2,081$1,556
22 years$5,052$3,991$3,122$2,422$1,865$1,371
23 years$4,781$3,733$2,883$2,206$1,674$1,209
24 years$4,533$3,497$2,666$2,012$1,505$1,068
25 years$4,306$3,282$2,469$1,837$1,354$944
26 years$4,096$3,084$2,290$1,680$1,220$836
27 years$3,902$2,903$2,127$1,538$1,100$740
28 years$3,722$2,735$1,977$1,409$992$656
29 years$3,555$2,580$1,840$1,292$896$581
30 years$3,399$2,437$1,714$1,186$810$516
31 years$3,254$2,304$1,598$1,089$732$458
32 years$3,118$2,180$1,491$1,001$662$406
33 years$2,991$2,064$1,392$920$599$361
34 years$2,871$1,957$1,300$847$542$320
35 years$2,758$1,856$1,216$779$491$285
36 years$2,652$1,761$1,137$718$445$253
37 years$2,552$1,673$1,065$661$403$225
38 years$2,458$1,590$997$610$366$200
39 years$2,368$1,512$934$562$332$178
40 years$2,283$1,438$875$518$301$158
41 years$2,203$1,369$821$478$273$141
42 years$2,126$1,304$770$441$248$125
43 years$2,053$1,242$723$408$225$111
44 years$1,984$1,184$678$376$204$99
45 years$1,918$1,129$637$347$185$88
46 years$1,855$1,077$598$321$168$78
47 years$1,795$1,028$562$297$153$70
48 years$1,738$981$528$274$139$62
49 years$1,683$937$496$253$126$55
50 years$1,631$895$467$234$114$49

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 $3,549 every year, while hoping to spend $57,644 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: 53/22/25 Blend
47$1,670,000$1,670,000$1,670,000$1,670,000
48$1,844,001$1,755,491$1,729,606$1,928,758
49$1,970,756$1,780,177$1,726,215$2,012,370
50$2,108,508$1,804,141$1,720,778$2,097,093
51$2,258,319$1,827,286$1,713,167$2,188,112
52$2,421,354$1,849,510$1,703,245$2,286,050
53$2,598,899$1,870,703$1,690,870$2,391,596
54$2,792,366$1,890,746$1,675,893$2,505,508
55$3,003,310$1,909,516$1,658,159$2,628,627
56$3,233,444$1,926,878$1,637,503$2,761,879
57$3,484,651$1,942,691$1,613,755$2,906,288
58$3,759,005$1,956,803$1,586,736$3,062,984
59$4,058,789$1,969,052$1,556,257$3,233,215
60$4,386,516$1,979,266$1,522,123$3,418,358
61$4,744,955$1,987,264$1,484,127$3,619,936
62$5,137,151$1,992,850$1,442,056$3,839,626
63$5,566,459$1,995,819$1,395,684$4,079,283
64$6,036,575$1,995,951$1,344,777$4,340,955
65$6,551,566$1,993,013$1,289,087$4,626,899
66$7,115,913$1,986,758$1,228,359$4,939,609
67$7,734,550$1,976,923$1,162,322$5,281,838
68$8,412,911$1,963,230$1,090,698$5,656,623
69$9,156,983$1,945,383$1,013,191$6,067,316
70$9,973,357$1,923,069$929,495$6,517,616
71$10,869,297$1,895,956$839,290$7,011,606
72$11,852,799$1,863,692$742,240$7,553,789
73$12,932,677$1,825,905$637,997$8,149,137
74$14,118,634$1,782,199$526,195$8,803,131
75$15,421,365$1,732,156$406,452$9,521,824
76$16,852,647$1,675,335$278,371$10,311,889
77$18,425,456$1,611,265$141,535$11,180,690
78$20,154,087$1,539,452$0$12,136,350
79$22,054,290$1,459,371$0$13,189,027
80$24,143,415$1,370,468$0$14,387,778
81$26,440,578$1,272,155$0$15,705,834
82$28,966,839$1,163,813$0$17,155,354
83$31,745,402$1,044,785$0$18,749,737
84$34,801,833$914,380$0$20,503,754
85$38,164,300$771,864$0$22,433,687
86$41,863,837$616,465$0$24,557,484
87$45,934,641$447,364$0$26,894,926
88$50,414,389$263,699$0$29,467,818
89$55,344,595$64,559$0$32,300,198
90$60,771,003$0$0$35,418,557
91$66,744,013$0$0$38,888,659
92$73,319,163$0$0$42,725,985
93$80,557,647$0$0$46,950,645
94$88,526,895$0$0$51,602,018
95$97,301,205$0$0$56,723,497
96$106,962,448$0$0$62,362,896
97$117,600,839$0$0$68,572,902
98$129,315,785$0$0$75,411,573
99$142,216,824$0$0$82,942,881
100$156,424,661$0$0$91,237,321