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

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 $1,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$140,384$139,134$137,914$136,723$135,560$134,763
2 years$69,497$68,203$66,949$65,732$64,553$63,748
3 years$45,871$44,571$43,320$42,115$40,955$40,168
4 years$34,061$32,765$31,526$30,342$29,209$28,446
5 years$26,976$25,688$24,465$23,305$22,204$21,467
6 years$22,255$20,976$19,772$18,637$17,570$16,860
7 years$18,883$17,616$16,430$15,323$14,289$13,606
8 years$16,356$15,100$13,934$12,854$11,854$11,199
9 years$14,392$13,147$12,002$10,949$9,983$9,355
10 years$12,821$11,589$10,463$9,438$8,506$7,905
11 years$11,537$10,317$9,212$8,214$7,315$6,741
12 years$10,467$9,260$8,175$7,205$6,339$5,791
13 years$9,563$8,368$7,304$6,361$5,528$5,006
14 years$8,788$7,606$6,563$5,646$4,846$4,348
15 years$8,118$6,949$5,925$5,035$4,267$3,793
16 years$7,532$6,375$5,372$4,509$3,771$3,321
17 years$7,015$5,871$4,888$4,051$3,343$2,917
18 years$6,556$5,425$4,462$3,651$2,973$2,569
19 years$6,146$5,028$4,085$3,299$2,650$2,267
20 years$5,778$4,672$3,749$2,988$2,367$2,005
21 years$5,445$4,352$3,448$2,712$2,118$1,776
22 years$5,142$4,063$3,178$2,465$1,899$1,575
23 years$4,867$3,800$2,935$2,245$1,704$1,400
24 years$4,615$3,560$2,714$2,048$1,532$1,245
25 years$4,383$3,341$2,514$1,870$1,378$1,108
26 years$4,169$3,140$2,331$1,710$1,242$987
27 years$3,972$2,955$2,165$1,565$1,119$881
28 years$3,789$2,784$2,013$1,434$1,010$786
29 years$3,619$2,627$1,873$1,315$912$702
30 years$3,460$2,481$1,744$1,207$824$627
31 years$3,313$2,345$1,626$1,108$745$561
32 years$3,174$2,219$1,517$1,019$674$501
33 years$3,044$2,101$1,417$937$610$448
34 years$2,923$1,992$1,324$862$552$401
35 years$2,808$1,889$1,238$793$500$359
36 years$2,700$1,793$1,158$731$453$322
37 years$2,598$1,703$1,084$673$411$288
38 years$2,502$1,618$1,015$621$372$258
39 years$2,411$1,539$951$572$338$231
40 years$2,324$1,464$891$528$306$207
41 years$2,242$1,394$836$487$278$186
42 years$2,164$1,327$784$449$252$167
43 years$2,090$1,265$736$415$229$149
44 years$2,020$1,206$690$383$208$134
45 years$1,953$1,150$648$354$189$120
46 years$1,889$1,097$609$327$171$108
47 years$1,828$1,047$572$302$155$97
48 years$1,769$999$538$279$141$87
49 years$1,713$954$505$258$128$78
50 years$1,660$911$475$238$116$70

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 $3,600 every year, while hoping to spend $52,728 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: 78/12/10 Blend
47$1,700,000$1,700,000$1,700,000$1,700,000
48$1,877,113$1,787,013$1,760,663$2,020,076
49$2,012,477$1,818,475$1,763,543$2,145,998
50$2,159,880$1,849,711$1,764,753$2,276,913
51$2,320,495$1,880,654$1,764,180$2,418,970
52$2,495,613$1,911,234$1,761,707$2,573,255
53$2,686,654$1,941,372$1,757,212$2,740,967
54$2,895,180$1,970,987$1,750,566$2,923,426
55$3,122,912$1,999,988$1,741,634$3,122,086
56$3,371,744$2,028,283$1,730,273$3,338,549
57$3,643,761$2,055,768$1,716,337$3,574,578
58$3,941,259$2,082,335$1,699,668$3,832,118
59$4,266,765$2,107,867$1,680,105$4,113,310
60$4,623,064$2,132,241$1,657,477$4,420,514
61$5,013,219$2,155,324$1,631,605$4,756,328
62$5,440,605$2,176,973$1,602,302$5,123,617
63$5,908,941$2,197,039$1,569,373$5,525,537
64$6,422,319$2,215,359$1,532,613$5,965,565
65$6,985,247$2,231,763$1,491,807$6,447,533
66$7,602,691$2,246,069$1,446,732$6,975,664
67$8,280,120$2,258,081$1,397,152$7,554,609
68$9,023,559$2,267,593$1,342,823$8,189,496
69$9,839,643$2,274,386$1,283,489$8,885,974
70$10,735,681$2,278,226$1,218,880$9,650,271
71$11,719,726$2,278,864$1,148,718$10,489,246
72$12,800,647$2,276,037$1,072,709$11,410,462
73$13,988,215$2,269,465$990,547$12,422,249
74$15,293,195$2,258,852$901,912$13,533,792
75$16,727,446$2,243,880$806,471$14,755,209
76$18,304,032$2,224,217$703,875$16,097,652
77$20,037,348$2,199,508$593,759$17,573,413
78$21,943,250$2,169,376$475,742$19,196,034
79$24,039,210$2,133,424$349,428$20,980,443
80$26,344,477$2,091,230$214,402$22,943,089
81$28,880,259$2,042,346$70,230$25,102,103
82$31,669,923$1,986,298$0$27,477,463
83$34,739,216$1,922,587$0$30,100,111
84$38,116,503$1,850,681$0$32,993,966
85$41,833,041$1,770,019$0$36,178,324
86$45,923,269$1,680,008$0$39,682,711
87$50,425,132$1,580,018$0$43,539,665
88$55,380,443$1,469,386$0$47,785,041
89$60,835,271$1,347,409$0$52,458,353
90$66,840,382$1,213,346$0$57,603,142
91$73,451,712$1,066,410$0$63,267,388
92$80,730,896$905,774$0$69,503,968
93$88,745,850$730,560$0$76,371,148
94$97,571,413$539,843$0$83,933,141
95$107,290,048$332,646$0$92,260,705
96$117,992,623$107,937$0$101,431,817
97$129,779,270$0$0$111,532,408
98$142,760,323$0$0$122,675,050
99$157,057,367$0$0$134,963,082
100$172,804,377$0$0$148,497,412