Can I retire at age 48 with 1,690,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,690,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$139,559$138,316$137,103$135,919$134,763$131,452
2 years$69,088$67,802$66,555$65,346$64,173$60,857
3 years$45,601$44,309$43,065$41,868$40,714$37,498
4 years$33,860$32,572$31,341$30,163$29,037$25,945
5 years$26,817$25,537$24,322$23,168$22,074$19,114
6 years$22,124$20,853$19,655$18,528$17,466$14,642
7 years$18,772$17,512$16,334$15,233$14,205$11,517
8 years$16,260$15,011$13,852$12,778$11,784$9,231
9 years$14,307$13,070$11,931$10,884$9,924$7,504
10 years$12,745$11,520$10,402$9,382$8,456$6,165
11 years$11,469$10,256$9,157$8,166$7,272$5,108
12 years$10,405$9,205$8,127$7,162$6,302$4,261
13 years$9,507$8,319$7,261$6,323$5,495$3,573
14 years$8,737$7,562$6,524$5,613$4,817$3,010
15 years$8,070$6,908$5,890$5,006$4,241$2,545
16 years$7,487$6,338$5,340$4,482$3,749$2,158
17 years$6,974$5,837$4,860$4,027$3,324$1,834
18 years$6,518$5,393$4,436$3,629$2,955$1,562
19 years$6,110$4,999$4,061$3,279$2,634$1,333
20 years$5,744$4,645$3,727$2,970$2,353$1,139
21 years$5,413$4,327$3,428$2,696$2,106$975
22 years$5,112$4,039$3,160$2,451$1,887$835
23 years$4,838$3,777$2,917$2,232$1,694$716
24 years$4,587$3,539$2,698$2,036$1,523$614
25 years$4,357$3,321$2,499$1,859$1,370$527
26 years$4,145$3,121$2,318$1,700$1,234$453
27 years$3,949$2,938$2,152$1,556$1,113$389
28 years$3,767$2,768$2,001$1,426$1,004$335
29 years$3,598$2,611$1,862$1,307$907$288
30 years$3,440$2,466$1,734$1,200$819$248
31 years$3,293$2,331$1,617$1,102$741$213
32 years$3,156$2,206$1,508$1,013$670$184
33 years$3,027$2,089$1,408$931$606$158
34 years$2,905$1,980$1,316$857$549$136
35 years$2,791$1,878$1,230$789$497$117
36 years$2,684$1,782$1,151$726$451$101
37 years$2,583$1,693$1,077$669$408$87
38 years$2,487$1,609$1,009$617$370$75
39 years$2,396$1,530$945$569$336$65
40 years$2,310$1,456$886$525$304$56
41 years$2,229$1,386$831$484$276$48
42 years$2,152$1,320$779$447$251$41
43 years$2,078$1,257$731$412$227$36
44 years$2,008$1,198$686$381$206$31
45 years$1,941$1,143$644$352$187$26
46 years$1,878$1,090$605$325$170$23
47 years$1,817$1,040$569$300$155$20
48 years$1,759$993$534$277$140$17
49 years$1,703$948$502$256$127$15
50 years$1,650$906$472$237$116$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,690,000, adding $5,779 every year, while hoping to spend $58,745 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: 70/5/25 Blend
47$1,690,000$1,690,000$1,690,000$1,690,000
48$1,868,341$1,778,771$1,752,576$1,986,867
49$1,996,408$1,803,427$1,748,783$2,091,600
50$2,135,568$1,827,321$1,742,894$2,198,842
51$2,286,892$1,850,356$1,734,777$2,314,851
52$2,451,556$1,872,425$1,724,293$2,440,494
53$2,630,855$1,893,414$1,711,297$2,576,726
54$2,826,214$1,913,202$1,695,637$2,724,600
55$3,039,200$1,931,661$1,677,153$2,885,279
56$3,271,539$1,948,653$1,655,678$3,060,043
57$3,525,130$1,964,032$1,631,038$3,250,305
58$3,802,064$1,977,640$1,603,049$3,457,621
59$4,104,643$1,989,313$1,571,519$3,683,710
60$4,435,400$1,998,873$1,536,248$3,930,465
61$4,797,124$2,006,131$1,497,027$4,199,974
62$5,192,889$2,010,889$1,453,635$4,494,540
63$5,626,074$2,012,934$1,405,842$4,816,700
64$6,100,405$2,012,039$1,353,409$5,169,255
65$6,619,983$2,007,965$1,296,085$5,555,290
66$7,189,323$2,000,458$1,233,606$5,978,208
67$7,813,401$1,989,247$1,165,698$6,441,762
68$8,497,693$1,974,045$1,092,075$6,950,089
69$9,248,234$1,954,550$1,012,436$7,507,749
70$10,071,670$1,930,439$926,468$8,119,771
71$10,975,319$1,901,369$833,844$8,791,700
72$11,967,246$1,866,980$734,221$9,529,649
73$13,056,330$1,826,888$627,243$10,340,356
74$14,252,357$1,780,686$512,537$11,231,252
75$15,566,104$1,727,946$389,713$12,210,526
76$17,009,442$1,668,212$258,365$13,287,210
77$18,595,453$1,601,001$118,067$14,471,258
78$20,338,545$1,525,806$0$15,773,645
79$22,254,592$1,442,086$0$17,214,913
80$24,361,084$1,349,272$0$18,834,113
81$26,677,288$1,246,760$0$20,614,549
82$29,224,434$1,133,913$0$22,572,563
83$32,025,909$1,010,058$0$24,726,159
84$35,107,483$874,483$0$27,095,179
85$38,497,548$726,434$0$29,701,484
86$42,227,387$565,118$0$32,569,161
87$46,331,466$389,694$0$35,724,754
88$50,847,763$199,277$0$39,197,511
89$55,818,123$0$0$43,019,661
90$61,288,653$0$0$47,227,107
91$67,310,154$0$0$51,870,488
92$73,938,605$0$0$56,982,019
93$81,235,687$0$0$62,609,280
94$89,269,364$0$0$68,804,698
95$98,114,528$0$0$75,626,039
96$107,853,698$0$0$83,136,961
97$118,577,805$0$0$91,407,603
98$130,387,047$0$0$100,515,258
99$143,391,831$0$0$110,545,092
100$157,713,822$0$0$121,590,953