Can I retire at age 48 with 1,720,000?

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 $1,720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$142,036$140,771$139,536$138,332$137,155$135,610
2 years$70,315$69,005$67,736$66,506$65,312$63,756
3 years$46,411$45,096$43,830$42,611$41,437$39,919
4 years$34,461$33,150$31,897$30,699$29,553$28,085
5 years$27,293$25,990$24,753$23,580$22,466$21,052
6 years$22,516$21,223$20,004$18,857$17,776$16,418
7 years$19,106$17,823$16,624$15,503$14,457$13,155
8 years$16,549$15,278$14,098$13,005$11,993$10,747
9 years$14,561$13,302$12,143$11,078$10,100$8,910
10 years$12,972$11,725$10,586$9,549$8,606$7,470
11 years$11,672$10,438$9,320$8,310$7,401$6,319
12 years$10,590$9,369$8,271$7,289$6,414$5,385
13 years$9,675$8,466$7,390$6,435$5,593$4,615
14 years$8,892$7,696$6,640$5,713$4,903$3,975
15 years$8,213$7,030$5,995$5,095$4,317$3,438
16 years$7,620$6,450$5,435$4,562$3,815$2,983
17 years$7,098$5,940$4,946$4,099$3,383$2,596
18 years$6,633$5,489$4,515$3,694$3,008$2,265
19 years$6,219$5,087$4,133$3,338$2,681$1,981
20 years$5,846$4,727$3,793$3,023$2,395$1,735
21 years$5,509$4,403$3,489$2,743$2,143$1,522
22 years$5,203$4,110$3,216$2,494$1,921$1,337
23 years$4,924$3,844$2,969$2,272$1,724$1,176
24 years$4,669$3,602$2,746$2,072$1,550$1,036
25 years$4,434$3,380$2,543$1,892$1,395$913
26 years$4,218$3,177$2,359$1,730$1,256$805
27 years$4,019$2,990$2,190$1,584$1,133$711
28 years$3,834$2,817$2,036$1,451$1,022$628
29 years$3,661$2,658$1,895$1,331$923$555
30 years$3,501$2,510$1,765$1,221$834$490
31 years$3,352$2,373$1,645$1,121$754$434
32 years$3,212$2,245$1,535$1,031$682$384
33 years$3,080$2,126$1,433$948$617$340
34 years$2,957$2,015$1,339$872$559$301
35 years$2,841$1,911$1,252$803$506$266
36 years$2,732$1,814$1,171$739$459$236
37 years$2,629$1,723$1,096$681$416$209
38 years$2,531$1,637$1,027$628$377$185
39 years$2,439$1,557$962$579$342$164
40 years$2,352$1,481$902$534$310$145
41 years$2,269$1,410$845$493$281$129
42 years$2,190$1,343$793$455$255$114
43 years$2,115$1,280$744$420$232$101
44 years$2,044$1,220$699$388$210$90
45 years$1,976$1,163$656$358$191$80
46 years$1,911$1,110$616$331$173$71
47 years$1,849$1,059$579$305$157$63
48 years$1,790$1,011$544$282$143$56
49 years$1,733$965$511$261$130$49
50 years$1,679$922$481$241$118$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,720,000, adding $4,492 every year, while hoping to spend $43,569 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: 75/10/15 Blend
47$1,720,000$1,720,000$1,720,000$1,720,000
48$1,900,073$1,808,913$1,782,253$2,036,059
49$2,047,524$1,851,193$1,795,602$2,168,838
50$2,208,554$1,894,084$1,807,937$2,308,467
51$2,384,503$1,937,571$1,819,180$2,460,324
52$2,576,845$1,981,635$1,829,245$2,625,612
53$2,787,203$2,026,255$1,838,045$2,805,656
54$3,017,365$2,071,408$1,845,486$3,001,918
55$3,269,298$2,117,069$1,851,472$3,216,006
56$3,545,169$2,163,208$1,855,899$3,449,692
57$3,847,365$2,209,794$1,858,660$3,704,928
58$4,178,514$2,256,791$1,859,642$3,983,866
59$4,541,509$2,304,161$1,858,727$4,288,876
60$4,939,538$2,351,860$1,855,790$4,622,567
61$5,376,112$2,399,843$1,850,700$4,987,818
62$5,855,099$2,448,058$1,843,322$5,387,797
63$6,380,756$2,496,450$1,833,511$5,825,998
64$6,957,777$2,544,960$1,821,117$6,306,267
65$7,591,328$2,593,521$1,805,982$6,832,846
66$8,287,103$2,642,063$1,787,942$7,410,407
67$9,051,374$2,690,510$1,766,824$8,044,098
68$9,891,047$2,738,778$1,742,446$8,739,593
69$10,813,735$2,786,780$1,714,619$9,503,144
70$11,827,822$2,834,418$1,683,145$10,341,640
71$12,942,546$2,881,590$1,647,816$11,262,672
72$14,168,081$2,928,184$1,608,414$12,274,606
73$15,515,642$2,974,081$1,564,712$13,386,662
74$16,997,580$3,019,153$1,516,472$14,608,999
75$18,627,505$3,063,263$1,463,445$15,952,813
76$20,420,411$3,106,264$1,405,372$17,430,441
77$22,392,820$3,147,999$1,341,979$19,055,479
78$24,562,936$3,188,298$1,272,983$20,842,911
79$26,950,813$3,226,983$1,198,086$22,809,249
80$29,578,551$3,263,860$1,116,977$24,972,690
81$32,470,500$3,298,726$1,029,332$27,353,285
82$35,653,488$3,331,360$934,811$29,973,135
83$39,157,076$3,361,530$833,061$32,856,594
84$43,013,840$3,388,986$723,710$36,030,499
85$47,259,669$3,413,464$606,372$39,524,428
86$51,934,114$3,434,682$480,643$43,370,977
87$57,080,751$3,452,339$346,103$47,606,065
88$62,747,600$3,466,116$202,310$52,269,279
89$68,987,573$3,475,674$48,805$57,404,246
90$75,858,974$3,480,651$0$63,059,040
91$83,426,051$3,480,664$0$69,305,054
92$91,759,597$3,475,305$0$76,191,799
93$100,937,624$3,464,143$0$83,775,887
94$111,046,093$3,446,718$0$92,128,317
95$122,179,731$3,422,543$0$101,327,328
96$134,442,918$3,391,103$0$111,459,137
97$147,950,678$3,351,849$0$122,618,752
98$162,829,758$3,304,200$0$134,910,870
99$179,219,829$3,247,542$0$148,450,863
100$197,274,804$3,181,224$0$163,365,870