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

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 $1,690,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$139,559$138,316$137,103$135,919$134,763$130,137
2 years$69,088$67,802$66,555$65,346$64,173$59,559
3 years$45,601$44,309$43,065$41,868$40,714$36,258
4 years$33,860$32,572$31,341$30,163$29,037$24,773
5 years$26,817$25,537$24,322$23,168$22,074$18,012
6 years$22,124$20,853$19,655$18,528$17,466$13,610
7 years$18,772$17,512$16,334$15,233$14,205$10,554
8 years$16,260$15,011$13,852$12,778$11,784$8,336
9 years$14,307$13,070$11,931$10,884$9,924$6,674
10 years$12,745$11,520$10,402$9,382$8,456$5,398
11 years$11,469$10,256$9,157$8,166$7,272$4,401
12 years$10,405$9,205$8,127$7,162$6,302$3,611
13 years$9,507$8,319$7,261$6,323$5,495$2,978
14 years$8,737$7,562$6,524$5,613$4,817$2,465
15 years$8,070$6,908$5,890$5,006$4,241$2,048
16 years$7,487$6,338$5,340$4,482$3,749$1,705
17 years$6,974$5,837$4,860$4,027$3,324$1,423
18 years$6,518$5,393$4,436$3,629$2,955$1,190
19 years$6,110$4,999$4,061$3,279$2,634$997
20 years$5,744$4,645$3,727$2,970$2,353$836
21 years$5,413$4,327$3,428$2,696$2,106$701
22 years$5,112$4,039$3,160$2,451$1,887$589
23 years$4,838$3,777$2,917$2,232$1,694$495
24 years$4,587$3,539$2,698$2,036$1,523$417
25 years$4,357$3,321$2,499$1,859$1,370$351
26 years$4,145$3,121$2,318$1,700$1,234$295
27 years$3,949$2,938$2,152$1,556$1,113$249
28 years$3,767$2,768$2,001$1,426$1,004$210
29 years$3,598$2,611$1,862$1,307$907$177
30 years$3,440$2,466$1,734$1,200$819$149
31 years$3,293$2,331$1,617$1,102$741$125
32 years$3,156$2,206$1,508$1,013$670$106
33 years$3,027$2,089$1,408$931$606$89
34 years$2,905$1,980$1,316$857$549$75
35 years$2,791$1,878$1,230$789$497$63
36 years$2,684$1,782$1,151$726$451$54
37 years$2,583$1,693$1,077$669$408$45
38 years$2,487$1,609$1,009$617$370$38
39 years$2,396$1,530$945$569$336$32
40 years$2,310$1,456$886$525$304$27
41 years$2,229$1,386$831$484$276$23
42 years$2,152$1,320$779$447$251$19
43 years$2,078$1,257$731$412$227$16
44 years$2,008$1,198$686$381$206$14
45 years$1,941$1,143$644$352$187$12
46 years$1,878$1,090$605$325$170$10
47 years$1,817$1,040$569$300$155$8
48 years$1,759$993$534$277$140$7
49 years$1,703$948$502$256$127$6
50 years$1,650$906$472$237$116$5

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 $5,171 every year, while hoping to spend $45,042 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: 49/37/14 Blend
47$1,690,000$1,690,000$1,690,000$1,690,000
48$1,867,714$1,778,144$1,751,949$1,951,780
49$2,010,296$1,817,349$1,762,715$2,049,423
50$2,165,913$1,856,965$1,772,332$2,150,331
51$2,335,845$1,896,965$1,780,714$2,258,942
52$2,521,503$1,937,319$1,787,770$2,375,995
53$2,724,443$1,977,993$1,793,407$2,502,301
54$2,946,373$2,018,952$1,797,522$2,638,756
55$3,189,177$2,060,154$1,800,013$2,786,346
56$3,454,928$2,101,558$1,800,770$2,946,158
57$3,745,911$2,143,114$1,799,675$3,119,390
58$4,064,639$2,184,772$1,796,610$3,307,363
59$4,413,882$2,226,475$1,791,446$3,511,531
60$4,796,689$2,268,163$1,784,050$3,733,500
61$5,216,419$2,309,771$1,774,283$3,975,036
62$5,676,771$2,351,227$1,761,999$4,238,090
63$6,181,819$2,392,455$1,747,044$4,524,808
64$6,736,053$2,433,373$1,729,258$4,837,561
65$7,344,414$2,473,893$1,708,472$5,178,958
66$8,012,348$2,513,918$1,684,510$5,551,878
67$8,745,855$2,553,346$1,657,188$5,959,493
68$9,551,540$2,592,069$1,626,312$6,405,301
69$10,436,684$2,629,967$1,591,681$6,893,158
70$11,409,306$2,666,915$1,553,082$7,427,314
71$12,478,240$2,702,779$1,510,295$8,012,457
72$13,653,218$2,737,413$1,463,087$8,653,751
73$14,944,963$2,770,663$1,411,218$9,356,892
74$16,365,289$2,802,365$1,354,433$10,128,159
75$17,927,210$2,832,342$1,292,468$10,974,473
76$19,645,065$2,860,407$1,225,046$11,903,464
77$21,534,654$2,886,359$1,151,877$12,923,545
78$23,613,384$2,909,986$1,072,660$14,043,987
79$25,900,434$2,931,059$987,078$15,275,015
80$28,416,934$2,949,338$894,802$16,627,896
81$31,186,169$2,964,563$795,486$18,115,055
82$34,233,794$2,976,462$688,770$19,750,185
83$37,588,075$2,984,743$574,278$21,548,384
84$41,280,160$2,989,097$451,617$23,526,294
85$45,344,368$2,989,193$320,377$25,702,258
86$49,818,514$2,984,685$180,131$28,096,501
87$54,744,267$2,975,199$30,430$30,731,313
88$60,167,541$2,960,343$0$33,631,269
89$66,138,929$2,939,698$0$36,842,772
90$72,714,179$2,912,823$0$40,382,469
91$79,954,721$2,879,246$0$44,278,797
92$87,928,244$2,838,471$0$48,568,115
93$96,709,338$2,789,970$0$53,290,494
94$106,380,195$2,733,182$0$58,490,097
95$117,031,384$2,667,517$0$64,215,601
96$128,762,707$2,592,347$0$70,520,654
97$141,684,140$2,507,009$0$77,464,380
98$155,916,869$2,410,800$0$85,111,947
99$171,594,437$2,302,976$0$93,535,175
100$188,863,999$2,182,752$0$102,813,218