Can I retire at age 48 with 1,700,000?

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 $1,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$140,384$139,134$137,914$136,723$135,560$132,715
2 years$69,497$68,203$66,949$65,732$64,553$61,699
3 years$45,871$44,571$43,320$42,115$40,955$38,183
4 years$34,061$32,765$31,526$30,342$29,209$26,540
5 years$26,976$25,688$24,465$23,305$22,204$19,645
6 years$22,255$20,976$19,772$18,637$17,570$15,123
7 years$18,883$17,616$16,430$15,323$14,289$11,955
8 years$16,356$15,100$13,934$12,854$11,854$9,633
9 years$14,392$13,147$12,002$10,949$9,983$7,873
10 years$12,821$11,589$10,463$9,438$8,506$6,505
11 years$11,537$10,317$9,212$8,214$7,315$5,420
12 years$10,467$9,260$8,175$7,205$6,339$4,548
13 years$9,563$8,368$7,304$6,361$5,528$3,837
14 years$8,788$7,606$6,563$5,646$4,846$3,252
15 years$8,118$6,949$5,925$5,035$4,267$2,766
16 years$7,532$6,375$5,372$4,509$3,771$2,361
17 years$7,015$5,871$4,888$4,051$3,343$2,020
18 years$6,556$5,425$4,462$3,651$2,973$1,732
19 years$6,146$5,028$4,085$3,299$2,650$1,488
20 years$5,778$4,672$3,749$2,988$2,367$1,280
21 years$5,445$4,352$3,448$2,712$2,118$1,103
22 years$5,142$4,063$3,178$2,465$1,899$951
23 years$4,867$3,800$2,935$2,245$1,704$822
24 years$4,615$3,560$2,714$2,048$1,532$710
25 years$4,383$3,341$2,514$1,870$1,378$614
26 years$4,169$3,140$2,331$1,710$1,242$531
27 years$3,972$2,955$2,165$1,565$1,119$460
28 years$3,789$2,784$2,013$1,434$1,010$398
29 years$3,619$2,627$1,873$1,315$912$345
30 years$3,460$2,481$1,744$1,207$824$299
31 years$3,313$2,345$1,626$1,108$745$260
32 years$3,174$2,219$1,517$1,019$674$225
33 years$3,044$2,101$1,417$937$610$195
34 years$2,923$1,992$1,324$862$552$169
35 years$2,808$1,889$1,238$793$500$147
36 years$2,700$1,793$1,158$731$453$128
37 years$2,598$1,703$1,084$673$411$111
38 years$2,502$1,618$1,015$621$372$96
39 years$2,411$1,539$951$572$338$84
40 years$2,324$1,464$891$528$306$73
41 years$2,242$1,394$836$487$278$63
42 years$2,164$1,327$784$449$252$55
43 years$2,090$1,265$736$415$229$47
44 years$2,020$1,206$690$383$208$41
45 years$1,953$1,150$648$354$189$36
46 years$1,889$1,097$609$327$171$31
47 years$1,828$1,047$572$302$155$27
48 years$1,769$999$538$279$141$23
49 years$1,713$954$505$258$128$20
50 years$1,660$911$475$238$116$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,700,000, adding $5,527 every year, while hoping to spend $40,293 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: 90/5/5 Blend
47$1,700,000$1,700,000$1,700,000$1,700,000
48$1,879,101$1,789,001$1,762,651$2,048,064
49$2,027,898$1,833,791$1,778,828$2,203,485
50$2,190,522$1,879,425$1,794,197$2,368,092
51$2,368,340$1,925,901$1,808,688$2,547,773
52$2,562,859$1,973,219$1,822,227$2,744,016
53$2,775,737$2,021,373$1,834,738$2,958,462
54$3,008,799$2,070,357$1,846,139$3,192,919
55$3,264,057$2,120,165$1,856,345$3,449,375
56$3,543,724$2,170,787$1,865,266$3,730,021
57$3,850,240$2,222,211$1,872,809$4,037,271
58$4,186,290$2,274,425$1,878,873$4,373,783
59$4,554,831$2,327,411$1,883,355$4,742,484
60$4,959,122$2,381,153$1,886,145$5,146,600
61$5,402,751$2,435,628$1,887,130$5,589,682
62$5,889,671$2,490,813$1,886,188$6,075,643
63$6,424,236$2,546,681$1,883,194$6,608,793
64$7,011,242$2,603,203$1,878,015$7,193,883
65$7,655,972$2,660,343$1,870,512$7,836,141
66$8,364,246$2,718,065$1,860,539$8,541,333
67$9,142,477$2,776,327$1,847,944$9,315,806
68$9,997,726$2,835,084$1,832,567$10,166,556
69$10,937,777$2,894,286$1,814,241$11,101,290
70$11,971,202$2,953,878$1,792,790$12,128,499
71$13,107,446$3,013,799$1,768,029$13,257,538
72$14,356,915$3,073,985$1,739,768$14,498,714
73$15,731,074$3,134,364$1,707,804$15,863,384
74$17,242,554$3,194,858$1,671,926$17,364,062
75$18,905,273$3,255,385$1,631,914$19,014,535
76$20,734,565$3,315,853$1,587,537$20,829,995
77$22,747,325$3,376,163$1,538,554$22,827,182
78$24,962,168$3,436,211$1,484,711$25,024,539
79$27,399,605$3,495,882$1,425,745$27,442,390
80$30,082,237$3,555,052$1,361,379$30,103,130
81$33,034,965$3,613,589$1,291,326$33,031,435
82$36,285,228$3,671,352$1,215,282$36,254,495
83$39,863,259$3,728,186$1,132,932$39,802,273
84$43,802,374$3,783,930$1,043,947$43,707,784
85$48,139,280$3,838,406$947,983$48,007,409
86$52,914,425$3,891,427$844,680$52,741,237
87$58,172,381$3,942,791$733,661$57,953,443
88$63,962,261$3,992,285$614,535$63,692,706
89$70,338,181$4,039,676$486,892$70,012,668
90$77,359,775$4,084,720$350,303$76,972,438
91$85,092,756$4,127,156$204,322$84,637,152
92$93,609,534$4,166,702$48,483$93,078,590
93$102,989,897$4,203,062$0$102,375,846
94$113,321,772$4,235,918$0$112,622,367
95$124,702,046$4,264,930$0$123,911,085
96$137,237,483$4,289,741$0$136,345,282
97$151,045,734$4,309,965$0$150,041,623
98$166,256,442$4,325,197$0$165,128,667
99$183,012,469$4,335,002$0$181,748,082
100$201,471,245$4,338,920$0$200,055,983