Can I retire at age 48 with 1,710,000?

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 $1,710,000?

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$141,210$139,952$138,725$137,527$136,358$131,677
2 years$69,906$68,604$67,342$66,119$64,932$60,264
3 years$46,141$44,834$43,575$42,363$41,196$36,687
4 years$34,261$32,957$31,711$30,520$29,381$25,066
5 years$27,135$25,839$24,609$23,442$22,335$18,225
6 years$22,385$21,099$19,888$18,747$17,673$13,771
7 years$18,994$17,719$16,527$15,413$14,373$10,679
8 years$16,452$15,189$14,016$12,930$11,924$8,434
9 years$14,476$13,225$12,072$11,013$10,041$6,753
10 years$12,896$11,657$10,525$9,493$8,556$5,462
11 years$11,604$10,377$9,266$8,262$7,358$4,453
12 years$10,529$9,314$8,223$7,247$6,377$3,654
13 years$9,619$8,417$7,347$6,398$5,560$3,013
14 years$8,840$7,651$6,601$5,679$4,874$2,494
15 years$8,166$6,989$5,960$5,065$4,292$2,072
16 years$7,576$6,413$5,404$4,535$3,793$1,725
17 years$7,056$5,906$4,917$4,075$3,363$1,440
18 years$6,595$5,457$4,489$3,672$2,990$1,204
19 years$6,182$5,058$4,109$3,318$2,665$1,008
20 years$5,812$4,700$3,771$3,005$2,381$846
21 years$5,477$4,378$3,469$2,727$2,131$710
22 years$5,173$4,086$3,197$2,480$1,910$596
23 years$4,895$3,822$2,952$2,258$1,714$501
24 years$4,642$3,581$2,730$2,060$1,541$422
25 years$4,409$3,361$2,529$1,881$1,386$355
26 years$4,194$3,158$2,345$1,720$1,249$299
27 years$3,995$2,972$2,178$1,574$1,126$252
28 years$3,811$2,801$2,024$1,443$1,016$212
29 years$3,640$2,642$1,884$1,323$917$179
30 years$3,481$2,495$1,755$1,214$829$151
31 years$3,332$2,359$1,636$1,115$749$127
32 years$3,193$2,232$1,526$1,025$678$107
33 years$3,062$2,114$1,425$942$614$90
34 years$2,940$2,003$1,332$867$555$76
35 years$2,825$1,900$1,245$798$503$64
36 years$2,716$1,804$1,165$735$456$54
37 years$2,613$1,713$1,090$677$413$46
38 years$2,516$1,628$1,021$624$375$39
39 years$2,425$1,548$956$576$340$33
40 years$2,338$1,473$896$531$308$27
41 years$2,255$1,402$841$490$280$23
42 years$2,177$1,335$788$452$254$20
43 years$2,103$1,272$740$417$230$16
44 years$2,032$1,213$694$385$209$14
45 years$1,964$1,156$652$356$190$12
46 years$1,900$1,103$612$329$172$10
47 years$1,838$1,053$575$304$156$8
48 years$1,780$1,005$541$281$142$7
49 years$1,723$960$508$259$129$6
50 years$1,670$917$478$240$117$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,710,000, adding $6,399 every year, while hoping to spend $38,214 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: 63/14/23 Blend
47$1,710,000$1,710,000$1,710,000$1,710,000
48$1,891,021$1,800,391$1,773,886$1,998,406
49$2,043,245$1,847,950$1,792,651$2,119,261
50$2,209,716$1,896,560$1,810,765$2,246,380
51$2,391,846$1,946,230$1,828,164$2,384,360
52$2,591,190$1,996,971$1,844,784$2,534,267
53$2,809,462$2,048,793$1,860,554$2,697,274
54$3,048,547$2,101,704$1,875,403$2,874,676
55$3,310,524$2,155,713$1,889,254$3,067,898
56$3,597,679$2,210,825$1,902,026$3,278,510
57$3,912,534$2,267,046$1,913,635$3,508,242
58$4,257,861$2,324,380$1,923,991$3,759,000
59$4,636,719$2,382,831$1,933,001$4,032,886
60$5,052,474$2,442,399$1,940,566$4,332,212
61$5,508,835$2,503,085$1,946,583$4,659,529
62$6,009,886$2,564,886$1,950,944$5,017,648
63$6,560,128$2,627,799$1,953,533$5,409,665
64$7,164,517$2,691,817$1,954,233$5,838,992
65$7,828,514$2,756,933$1,952,916$6,309,389
66$8,558,135$2,823,135$1,949,452$6,825,001
67$9,360,008$2,890,412$1,943,701$7,390,394
68$10,241,433$2,958,747$1,935,520$8,010,599
69$11,210,455$3,028,121$1,924,756$8,691,164
70$12,275,936$3,098,513$1,911,249$9,438,200
71$13,447,639$3,169,898$1,894,834$10,258,442
72$14,736,322$3,242,247$1,875,335$11,159,313
73$16,153,837$3,315,527$1,852,569$12,148,993
74$17,713,243$3,389,702$1,826,344$13,236,498
75$19,428,927$3,464,731$1,796,459$14,431,763
76$21,316,742$3,540,567$1,762,705$15,745,737
77$23,394,155$3,617,160$1,724,861$17,190,488
78$25,680,412$3,694,454$1,682,697$18,779,314
79$28,196,719$3,772,387$1,635,972$20,526,872
80$30,966,441$3,850,892$1,584,435$22,449,314
81$34,015,326$3,929,893$1,527,821$24,564,441
82$37,371,742$4,009,310$1,465,855$26,891,873
83$41,066,947$4,089,054$1,398,250$29,453,228
84$45,135,388$4,169,030$1,324,703$32,272,336
85$49,615,017$4,249,132$1,244,900$35,375,457
86$54,547,656$4,329,247$1,158,512$38,791,530
87$59,979,390$4,409,253$1,065,195$42,552,451
88$65,960,999$4,489,018$964,590$46,693,371
89$72,548,439$4,568,397$856,322$51,253,027
90$79,803,369$4,647,238$739,998$56,274,112
91$87,793,734$4,725,374$615,209$61,803,675
92$96,594,405$4,802,628$481,529$67,893,569
93$106,287,884$4,878,806$338,510$74,600,938
94$116,965,085$4,953,704$185,687$81,988,760
95$128,726,189$5,027,101$22,573$90,126,437
96$141,681,592$5,098,761$0$99,090,460
97$155,952,943$5,168,429$0$109,002,300
98$171,674,297$5,235,836$0$119,926,005
99$188,993,375$5,300,692$0$131,958,543
100$208,072,961$5,362,687$0$145,212,881