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%18.1%
1 years$138,733$137,497$136,291$135,115$133,966$129,574
2 years$68,680$67,401$66,161$64,959$63,793$59,410
3 years$45,332$44,047$42,810$41,620$40,473$36,237
4 years$33,660$32,379$31,155$29,985$28,866$24,808
5 years$26,659$25,386$24,178$23,031$21,943$18,076
6 years$21,993$20,729$19,539$18,418$17,363$13,689
7 years$18,661$17,408$16,237$15,143$14,121$10,639
8 years$16,164$14,922$13,770$12,703$11,714$8,423
9 years$14,222$12,993$11,860$10,820$9,865$6,760
10 years$12,670$11,452$10,340$9,327$8,406$5,482
11 years$11,401$10,195$9,103$8,117$7,229$4,481
12 years$10,344$9,151$8,079$7,120$6,265$3,686
13 years$9,450$8,270$7,218$6,286$5,463$3,048
14 years$8,685$7,517$6,485$5,580$4,789$2,530
15 years$8,022$6,867$5,855$4,976$4,216$2,108
16 years$7,443$6,300$5,309$4,456$3,726$1,760
17 years$6,932$5,802$4,831$4,003$3,304$1,474
18 years$6,479$5,361$4,410$3,608$2,938$1,236
19 years$6,074$4,969$4,037$3,260$2,619$1,038
20 years$5,710$4,617$3,705$2,953$2,339$873
21 years$5,381$4,301$3,408$2,680$2,093$735
22 years$5,082$4,015$3,141$2,436$1,876$619
23 years$4,810$3,755$2,900$2,219$1,684$522
24 years$4,560$3,518$2,682$2,024$1,514$441
25 years$4,331$3,302$2,484$1,848$1,362$372
26 years$4,120$3,103$2,304$1,690$1,227$314
27 years$3,925$2,920$2,139$1,547$1,106$266
28 years$3,744$2,752$1,989$1,417$998$225
29 years$3,576$2,596$1,851$1,300$901$190
30 years$3,420$2,452$1,724$1,193$814$161
31 years$3,274$2,318$1,607$1,095$736$136
32 years$3,137$2,193$1,500$1,007$666$115
33 years$3,009$2,077$1,400$926$603$97
34 years$2,888$1,968$1,308$852$546$82
35 years$2,775$1,867$1,223$784$494$70
36 years$2,668$1,772$1,144$722$448$59
37 years$2,567$1,683$1,071$665$406$50
38 years$2,472$1,599$1,003$613$368$42
39 years$2,382$1,521$940$565$334$36
40 years$2,297$1,447$881$522$303$30
41 years$2,216$1,377$826$481$275$26
42 years$2,139$1,312$775$444$249$22
43 years$2,066$1,250$727$410$226$18
44 years$1,996$1,191$682$379$205$16
45 years$1,930$1,136$641$350$186$13
46 years$1,866$1,084$602$323$169$11
47 years$1,806$1,034$565$298$154$9
48 years$1,748$987$531$276$140$8
49 years$1,693$943$499$255$127$7
50 years$1,640$901$469$235$115$6

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 $6,338 every year, while hoping to spend $55,933 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: 41/43/16 Blend
47$1,680,000$1,680,000$1,680,000$1,680,000
48$1,857,898$1,768,858$1,742,818$1,925,060
49$1,987,891$1,796,019$1,741,690$2,000,367
50$2,129,269$1,822,637$1,738,649$2,075,876
51$2,283,134$1,848,626$1,733,574$2,156,411
52$2,450,698$1,873,894$1,726,333$2,242,456
53$2,633,297$1,898,342$1,716,793$2,334,548
54$2,832,398$1,921,866$1,704,810$2,433,280
55$3,049,619$1,944,353$1,690,238$2,539,308
56$3,286,738$1,965,684$1,672,918$2,653,355
57$3,545,714$1,985,732$1,652,690$2,776,223
58$3,828,703$2,004,359$1,629,381$2,908,795
59$4,138,079$2,021,420$1,602,814$3,052,049
60$4,476,455$2,036,762$1,572,800$3,207,065
61$4,846,708$2,050,218$1,539,144$3,375,037
62$5,252,007$2,061,614$1,501,640$3,557,284
63$5,695,842$2,070,763$1,460,075$3,755,262
64$6,182,053$2,077,466$1,414,223$3,970,581
65$6,714,873$2,081,512$1,363,850$4,205,019
66$7,298,962$2,082,677$1,308,710$4,460,540
67$7,939,451$2,080,724$1,248,547$4,739,313
68$8,641,994$2,075,399$1,183,093$5,043,734
69$9,412,818$2,066,433$1,112,066$5,376,449
70$10,258,779$2,053,542$1,035,174$5,740,380
71$11,187,433$2,036,424$952,111$6,138,753
72$12,207,101$2,014,759$862,557$6,575,131
73$13,326,949$1,988,206$766,176$7,053,447
74$14,557,075$1,956,406$662,621$7,578,044
75$15,908,604$1,918,977$551,526$8,153,716
76$17,393,790$1,875,515$432,510$8,785,755
77$19,026,135$1,825,593$305,177$9,480,002
78$20,820,510$1,768,757$169,111$10,242,905
79$22,793,304$1,704,528$23,878$11,081,580
80$24,962,570$1,632,399$0$12,003,880
81$27,348,198$1,551,832$0$13,040,856
82$29,972,102$1,462,260$0$14,185,494
83$32,858,428$1,363,082$0$15,444,351
84$36,033,778$1,253,663$0$16,829,160
85$39,527,463$1,133,333$0$18,352,860
86$43,371,779$1,001,380$0$20,029,723
87$47,602,309$857,056$0$21,875,487
88$52,258,261$699,569$0$23,907,510
89$57,382,837$528,081$0$26,144,933
90$63,023,637$341,708$0$28,608,862
91$69,233,114$139,517$0$31,322,577
92$76,069,060$0$0$34,311,742
93$83,595,160$0$0$37,642,269
94$91,881,584$0$0$41,382,219
95$101,005,654$0$0$45,500,507
96$111,052,572$0$0$50,035,626
97$122,116,222$0$0$55,029,990
98$134,300,058$0$0$60,530,337
99$147,718,076$0$0$66,588,169
100$162,495,894$0$0$73,260,237