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

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 $1,720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$142,036$140,771$139,536$138,332$137,155$136,234
2 years$70,315$69,005$67,736$66,506$65,312$64,383
3 years$46,411$45,096$43,830$42,611$41,437$40,528
4 years$34,461$33,150$31,897$30,699$29,553$28,672
5 years$27,293$25,990$24,753$23,580$22,466$21,616
6 years$22,516$21,223$20,004$18,857$17,776$16,958
7 years$19,106$17,823$16,624$15,503$14,457$13,670
8 years$16,549$15,278$14,098$13,005$11,993$11,239
9 years$14,561$13,302$12,143$11,078$10,100$9,378
10 years$12,972$11,725$10,586$9,549$8,606$7,915
11 years$11,672$10,438$9,320$8,310$7,401$6,741
12 years$10,590$9,369$8,271$7,289$6,414$5,784
13 years$9,675$8,466$7,390$6,435$5,593$4,993
14 years$8,892$7,696$6,640$5,713$4,903$4,332
15 years$8,213$7,030$5,995$5,095$4,317$3,774
16 years$7,620$6,450$5,435$4,562$3,815$3,300
17 years$7,098$5,940$4,946$4,099$3,383$2,894
18 years$6,633$5,489$4,515$3,694$3,008$2,545
19 years$6,219$5,087$4,133$3,338$2,681$2,243
20 years$5,846$4,727$3,793$3,023$2,395$1,980
21 years$5,509$4,403$3,489$2,743$2,143$1,752
22 years$5,203$4,110$3,216$2,494$1,921$1,552
23 years$4,924$3,844$2,969$2,272$1,724$1,376
24 years$4,669$3,602$2,746$2,072$1,550$1,222
25 years$4,434$3,380$2,543$1,892$1,395$1,086
26 years$4,218$3,177$2,359$1,730$1,256$967
27 years$4,019$2,990$2,190$1,584$1,133$861
28 years$3,834$2,817$2,036$1,451$1,022$767
29 years$3,661$2,658$1,895$1,331$923$684
30 years$3,501$2,510$1,765$1,221$834$610
31 years$3,352$2,373$1,645$1,121$754$544
32 years$3,212$2,245$1,535$1,031$682$486
33 years$3,080$2,126$1,433$948$617$434
34 years$2,957$2,015$1,339$872$559$388
35 years$2,841$1,911$1,252$803$506$347
36 years$2,732$1,814$1,171$739$459$310
37 years$2,629$1,723$1,096$681$416$277
38 years$2,531$1,637$1,027$628$377$248
39 years$2,439$1,557$962$579$342$222
40 years$2,352$1,481$902$534$310$198
41 years$2,269$1,410$845$493$281$178
42 years$2,190$1,343$793$455$255$159
43 years$2,115$1,280$744$420$232$142
44 years$2,044$1,220$699$388$210$127
45 years$1,976$1,163$656$358$191$114
46 years$1,911$1,110$616$331$173$102
47 years$1,849$1,059$579$305$157$91
48 years$1,790$1,011$544$282$143$82
49 years$1,733$965$511$261$130$73
50 years$1,679$922$481$241$118$66

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 $4,883 every year, while hoping to spend $24,338 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: 65/9/26 Blend
47$1,720,000$1,720,000$1,720,000$1,720,000
48$1,900,477$1,809,317$1,782,657$2,010,747
49$2,068,430$1,872,078$1,816,480$2,148,522
50$2,252,699$1,937,099$1,850,621$2,295,891
51$2,454,921$2,004,464$1,885,065$2,456,426
52$2,676,903$2,074,262$1,919,794$2,631,422
53$2,920,631$2,146,585$1,954,791$2,822,308
54$3,188,297$2,221,529$1,990,038$3,030,656
55$3,482,311$2,299,192$2,025,512$3,258,199
56$3,805,333$2,379,678$2,061,193$3,506,844
57$4,160,289$2,463,095$2,097,055$3,778,691
58$4,550,405$2,549,553$2,133,073$4,076,055
59$4,979,235$2,639,170$2,169,220$4,401,486
60$5,450,693$2,732,065$2,205,465$4,757,789
61$5,969,093$2,828,366$2,241,777$5,148,059
62$6,539,186$2,928,201$2,278,121$5,575,702
63$7,166,207$3,031,707$2,314,463$6,044,472
64$7,855,926$3,139,026$2,350,763$6,558,504
65$8,614,697$3,250,305$2,386,980$7,122,352
66$9,449,523$3,365,697$2,423,071$7,741,036
67$10,368,119$3,485,361$2,458,988$8,420,085
68$11,378,986$3,609,462$2,494,683$9,165,591
69$12,491,491$3,738,175$2,530,104$9,984,265
70$13,715,955$3,871,677$2,565,194$10,883,502
71$15,063,750$4,010,157$2,599,896$11,871,450
72$16,547,406$4,153,808$2,634,146$12,957,087
73$18,180,731$4,302,834$2,667,879$14,150,303
74$19,978,937$4,457,444$2,701,024$15,461,998
75$21,958,789$4,617,860$2,733,509$16,904,180
76$24,138,759$4,784,308$2,765,256$18,490,083
77$26,539,202$4,957,029$2,796,181$20,234,286
78$29,182,546$5,136,268$2,826,198$22,152,856
79$32,093,505$5,322,286$2,855,216$24,263,495
80$35,299,315$5,515,349$2,883,137$26,585,710
81$38,829,983$5,715,740$2,909,861$29,140,997
82$42,718,579$5,923,749$2,935,279$31,953,041
83$47,001,542$6,139,680$2,959,278$35,047,943
84$51,719,026$6,363,851$2,981,741$38,454,462
85$56,915,277$6,596,591$3,002,540$42,204,291
86$62,639,056$6,838,243$3,021,545$46,332,352
87$68,944,089$7,089,167$3,038,616$50,877,129
88$75,889,586$7,349,736$3,053,609$55,881,028
89$83,540,788$7,620,338$3,066,370$61,390,778
90$91,969,593$7,901,379$3,076,738$67,457,874
91$101,255,227$8,193,282$3,084,545$74,139,061
92$111,484,995$8,496,488$3,089,612$81,496,869
93$122,755,104$8,811,455$3,091,753$89,600,206
94$135,171,571$9,138,663$3,090,773$98,525,003
95$148,851,224$9,478,610$3,086,467$108,354,937
96$163,922,805$9,831,818$3,078,619$119,182,218
97$180,528,183$10,198,828$3,067,005$131,108,457
98$198,823,695$10,580,208$3,051,387$144,245,628
99$218,981,620$10,976,547$3,031,517$158,717,126
100$241,191,808$11,388,460$3,007,135$174,658,926