Can I retire at age 48 with 1,680,000?

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 $1,680,000?

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$138,733$137,497$136,291$135,115$133,966$132,127
2 years$68,680$67,401$66,161$64,959$63,793$61,944
3 years$45,332$44,047$42,810$41,620$40,473$38,671
4 years$33,660$32,379$31,155$29,985$28,866$27,125
5 years$26,659$25,386$24,178$23,031$21,943$20,268
6 years$21,993$20,729$19,539$18,418$17,363$15,756
7 years$18,661$17,408$16,237$15,143$14,121$12,582
8 years$16,164$14,922$13,770$12,703$11,714$10,244
9 years$14,222$12,993$11,860$10,820$9,865$8,462
10 years$12,670$11,452$10,340$9,327$8,406$7,069
11 years$11,401$10,195$9,103$8,117$7,229$5,958
12 years$10,344$9,151$8,079$7,120$6,265$5,057
13 years$9,450$8,270$7,218$6,286$5,463$4,318
14 years$8,685$7,517$6,485$5,580$4,789$3,704
15 years$8,022$6,867$5,855$4,976$4,216$3,190
16 years$7,443$6,300$5,309$4,456$3,726$2,757
17 years$6,932$5,802$4,831$4,003$3,304$2,389
18 years$6,479$5,361$4,410$3,608$2,938$2,076
19 years$6,074$4,969$4,037$3,260$2,619$1,807
20 years$5,710$4,617$3,705$2,953$2,339$1,576
21 years$5,381$4,301$3,408$2,680$2,093$1,376
22 years$5,082$4,015$3,141$2,436$1,876$1,204
23 years$4,810$3,755$2,900$2,219$1,684$1,054
24 years$4,560$3,518$2,682$2,024$1,514$924
25 years$4,331$3,302$2,484$1,848$1,362$810
26 years$4,120$3,103$2,304$1,690$1,227$711
27 years$3,925$2,920$2,139$1,547$1,106$625
28 years$3,744$2,752$1,989$1,417$998$549
29 years$3,576$2,596$1,851$1,300$901$483
30 years$3,420$2,452$1,724$1,193$814$425
31 years$3,274$2,318$1,607$1,095$736$374
32 years$3,137$2,193$1,500$1,007$666$329
33 years$3,009$2,077$1,400$926$603$290
34 years$2,888$1,968$1,308$852$546$255
35 years$2,775$1,867$1,223$784$494$225
36 years$2,668$1,772$1,144$722$448$198
37 years$2,567$1,683$1,071$665$406$175
38 years$2,472$1,599$1,003$613$368$154
39 years$2,382$1,521$940$565$334$136
40 years$2,297$1,447$881$522$303$120
41 years$2,216$1,377$826$481$275$106
42 years$2,139$1,312$775$444$249$93
43 years$2,066$1,250$727$410$226$82
44 years$1,996$1,191$682$379$205$73
45 years$1,930$1,136$641$350$186$64
46 years$1,866$1,084$602$323$169$56
47 years$1,806$1,034$565$298$154$50
48 years$1,748$987$531$276$140$44
49 years$1,693$943$499$255$127$39
50 years$1,640$901$469$235$115$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,680,000, adding $2,505 every year, while hoping to spend $43,048 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: 77/11/12 Blend
47$1,680,000$1,680,000$1,680,000$1,680,000
48$1,853,944$1,764,904$1,738,864$1,992,224
49$1,997,243$1,805,581$1,751,313$2,124,313
50$2,153,717$1,846,809$1,762,737$2,263,388
51$2,324,662$1,888,569$1,773,054$2,414,671
52$2,511,509$1,930,840$1,782,183$2,579,363
53$2,715,830$1,973,599$1,790,034$2,758,785
54$2,939,359$2,016,820$1,796,514$2,954,393
55$3,184,003$2,060,474$1,801,527$3,167,790
56$3,451,863$2,104,528$1,804,970$3,400,743
57$3,745,253$2,148,949$1,806,735$3,655,198
58$4,066,718$2,193,698$1,806,711$3,933,298
59$4,419,066$2,238,732$1,804,778$4,237,403
60$4,805,386$2,284,005$1,800,813$4,570,117
61$5,229,081$2,329,467$1,794,687$4,934,304
62$5,693,900$2,375,063$1,786,261$5,333,121
63$6,203,971$2,420,734$1,775,394$5,770,049
64$6,763,842$2,466,416$1,761,936$6,248,920
65$7,378,523$2,512,039$1,745,729$6,773,958
66$8,053,531$2,557,528$1,726,610$7,349,816
67$8,794,946$2,602,801$1,704,406$7,981,621
68$9,609,463$2,647,772$1,678,936$8,675,024
69$10,504,460$2,692,345$1,650,013$9,436,249
70$11,488,064$2,736,419$1,617,438$10,272,159
71$12,569,229$2,779,885$1,581,004$11,190,310
72$13,757,818$2,822,627$1,540,495$12,199,035
73$15,064,698$2,864,519$1,495,685$13,307,511
74$16,501,844$2,905,426$1,446,336$14,525,853
75$18,082,445$2,945,205$1,392,201$15,865,208
76$19,821,036$2,983,702$1,333,022$17,337,859
77$21,733,630$3,020,752$1,268,527$18,957,342
78$23,837,871$3,056,179$1,198,432$20,738,571
79$26,153,197$3,089,796$1,122,443$22,697,985
80$28,701,028$3,121,401$1,040,251$24,853,697
81$31,504,965$3,150,781$951,531$27,225,668
82$34,591,011$3,177,709$855,946$29,835,897
83$37,987,818$3,201,941$753,145$32,708,624
84$41,726,959$3,223,219$642,758$35,870,563
85$45,843,219$3,241,267$524,401$39,351,155
86$50,374,932$3,255,794$397,673$43,182,841
87$55,364,334$3,266,487$262,154$47,401,375
88$60,857,967$3,273,016$117,407$52,046,156
89$66,907,114$3,275,028$0$57,160,604
90$73,568,286$3,272,150$0$62,797,314
91$80,903,751$3,263,986$0$69,020,622
92$88,982,126$3,250,113$0$75,873,655
93$97,879,021$3,230,087$0$83,420,517
94$107,677,751$3,203,431$0$91,731,852
95$118,470,126$3,169,644$0$100,885,506
96$130,357,315$3,128,193$0$110,967,261
97$143,450,800$3,078,512$0$122,071,650
98$157,873,426$3,020,004$0$134,302,844
99$173,760,565$2,952,034$0$147,775,636
100$191,261,391$2,873,932$0$162,616,529