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%18.7%
1 years$138,733$137,497$136,291$135,115$133,966$129,264
2 years$68,680$67,401$66,161$64,959$63,793$59,106
3 years$45,332$44,047$42,810$41,620$40,473$35,947
4 years$33,660$32,379$31,155$29,985$28,866$24,536
5 years$26,659$25,386$24,178$23,031$21,943$17,821
6 years$21,993$20,729$19,539$18,418$17,363$13,451
7 years$18,661$17,408$16,237$15,143$14,121$10,419
8 years$16,164$14,922$13,770$12,703$11,714$8,219
9 years$14,222$12,993$11,860$10,820$9,865$6,572
10 years$12,670$11,452$10,340$9,327$8,406$5,309
11 years$11,401$10,195$9,103$8,117$7,229$4,323
12 years$10,344$9,151$8,079$7,120$6,265$3,542
13 years$9,450$8,270$7,218$6,286$5,463$2,917
14 years$8,685$7,517$6,485$5,580$4,789$2,412
15 years$8,022$6,867$5,855$4,976$4,216$2,000
16 years$7,443$6,300$5,309$4,456$3,726$1,663
17 years$6,932$5,802$4,831$4,003$3,304$1,386
18 years$6,479$5,361$4,410$3,608$2,938$1,157
19 years$6,074$4,969$4,037$3,260$2,619$968
20 years$5,710$4,617$3,705$2,953$2,339$810
21 years$5,381$4,301$3,408$2,680$2,093$679
22 years$5,082$4,015$3,141$2,436$1,876$570
23 years$4,810$3,755$2,900$2,219$1,684$478
24 years$4,560$3,518$2,682$2,024$1,514$401
25 years$4,331$3,302$2,484$1,848$1,362$337
26 years$4,120$3,103$2,304$1,690$1,227$284
27 years$3,925$2,920$2,139$1,547$1,106$238
28 years$3,744$2,752$1,989$1,417$998$201
29 years$3,576$2,596$1,851$1,300$901$169
30 years$3,420$2,452$1,724$1,193$814$142
31 years$3,274$2,318$1,607$1,095$736$120
32 years$3,137$2,193$1,500$1,007$666$101
33 years$3,009$2,077$1,400$926$603$85
34 years$2,888$1,968$1,308$852$546$71
35 years$2,775$1,867$1,223$784$494$60
36 years$2,668$1,772$1,144$722$448$51
37 years$2,567$1,683$1,071$665$406$43
38 years$2,472$1,599$1,003$613$368$36
39 years$2,382$1,521$940$565$334$30
40 years$2,297$1,447$881$522$303$25
41 years$2,216$1,377$826$481$275$21
42 years$2,139$1,312$775$444$249$18
43 years$2,066$1,250$727$410$226$15
44 years$1,996$1,191$682$379$205$13
45 years$1,930$1,136$641$350$186$11
46 years$1,866$1,084$602$323$169$9
47 years$1,806$1,034$565$298$154$8
48 years$1,748$987$531$276$140$6
49 years$1,693$943$499$255$127$5
50 years$1,640$901$469$235$115$5

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 $2,847 every year, while hoping to spend $45,792 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: 71/5/24 Blend
47$1,680,000$1,680,000$1,680,000$1,680,000
48$1,854,297$1,765,257$1,739,217$1,974,578
49$1,994,713$1,803,032$1,748,758$2,093,074
50$2,147,916$1,841,123$1,757,084$2,217,134
51$2,315,163$1,879,498$1,764,107$2,351,877
52$2,497,837$1,918,121$1,769,731$2,498,361
53$2,697,459$1,956,951$1,773,859$2,657,749
54$2,915,705$1,995,946$1,776,389$2,831,326
55$3,154,419$2,035,061$1,777,210$3,020,505
56$3,415,634$2,074,243$1,776,211$3,226,845
57$3,701,586$2,113,438$1,773,272$3,452,064
58$4,014,738$2,152,587$1,768,266$3,698,056
59$4,357,803$2,191,625$1,761,065$3,966,906
60$4,733,767$2,230,483$1,751,529$4,260,914
61$5,145,922$2,269,087$1,739,515$4,582,616
62$5,597,889$2,307,355$1,724,872$4,934,804
63$6,093,660$2,345,202$1,707,441$5,320,557
64$6,637,630$2,382,533$1,687,058$5,743,268
65$7,234,641$2,419,251$1,663,547$6,206,679
66$7,890,027$2,455,246$1,636,728$6,714,911
67$8,609,662$2,490,405$1,606,411$7,272,507
68$9,400,017$2,524,605$1,572,396$7,884,476
69$10,268,222$2,557,714$1,534,474$8,556,337
70$11,222,130$2,589,591$1,492,428$9,294,173
71$12,270,393$2,620,087$1,446,030$10,104,690
72$13,422,542$2,649,041$1,395,042$10,995,278
73$14,689,079$2,676,281$1,339,213$11,974,082
74$16,081,572$2,701,625$1,278,283$13,050,080
75$17,612,766$2,724,879$1,211,980$14,233,167
76$19,296,705$2,745,835$1,140,017$15,534,249
77$21,148,859$2,764,271$1,062,099$16,965,346
78$23,186,276$2,779,954$977,912$18,539,706
79$25,427,737$2,792,632$887,133$20,271,931
80$27,893,936$2,802,041$789,421$22,178,114
81$30,607,672$2,807,896$684,422$24,275,991
82$33,594,070$2,809,897$571,765$26,585,113
83$36,880,808$2,807,726$451,063$29,127,025
84$40,498,389$2,801,043$321,912$31,925,472
85$44,480,419$2,789,488$183,890$35,006,628
86$48,863,928$2,772,679$36,557$38,399,335
87$53,689,720$2,750,212$0$42,135,386
88$59,002,756$2,721,657$0$46,280,719
89$64,852,577$2,686,558$0$50,855,046
90$71,293,773$2,644,433$0$55,891,680
91$78,386,498$2,594,769$0$61,437,661
92$86,197,034$2,537,027$0$67,544,820
93$94,798,421$2,470,631$0$74,270,273
94$104,271,142$2,394,974$0$81,676,960
95$114,703,885$2,309,413$0$89,834,235
96$126,194,375$2,213,268$0$98,818,526
97$138,850,302$2,105,819$0$108,714,052
98$152,790,332$1,986,304$0$119,613,619
99$168,145,231$1,853,918$0$131,619,497
100$185,059,093$1,707,808$0$144,844,383