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%11.5%
1 years$142,036$140,771$139,536$138,332$137,155$136,291
2 years$70,315$69,005$67,736$66,506$65,312$64,440
3 years$46,411$45,096$43,830$42,611$41,437$40,584
4 years$34,461$33,150$31,897$30,699$29,553$28,727
5 years$27,293$25,990$24,753$23,580$22,466$21,668
6 years$22,516$21,223$20,004$18,857$17,776$17,008
7 years$19,106$17,823$16,624$15,503$14,457$13,718
8 years$16,549$15,278$14,098$13,005$11,993$11,285
9 years$14,561$13,302$12,143$11,078$10,100$9,421
10 years$12,972$11,725$10,586$9,549$8,606$7,956
11 years$11,672$10,438$9,320$8,310$7,401$6,781
12 years$10,590$9,369$8,271$7,289$6,414$5,822
13 years$9,675$8,466$7,390$6,435$5,593$5,028
14 years$8,892$7,696$6,640$5,713$4,903$4,365
15 years$8,213$7,030$5,995$5,095$4,317$3,806
16 years$7,620$6,450$5,435$4,562$3,815$3,330
17 years$7,098$5,940$4,946$4,099$3,383$2,922
18 years$6,633$5,489$4,515$3,694$3,008$2,572
19 years$6,219$5,087$4,133$3,338$2,681$2,268
20 years$5,846$4,727$3,793$3,023$2,395$2,004
21 years$5,509$4,403$3,489$2,743$2,143$1,774
22 years$5,203$4,110$3,216$2,494$1,921$1,573
23 years$4,924$3,844$2,969$2,272$1,724$1,396
24 years$4,669$3,602$2,746$2,072$1,550$1,241
25 years$4,434$3,380$2,543$1,892$1,395$1,104
26 years$4,218$3,177$2,359$1,730$1,256$983
27 years$4,019$2,990$2,190$1,584$1,133$876
28 years$3,834$2,817$2,036$1,451$1,022$781
29 years$3,661$2,658$1,895$1,331$923$697
30 years$3,501$2,510$1,765$1,221$834$622
31 years$3,352$2,373$1,645$1,121$754$556
32 years$3,212$2,245$1,535$1,031$682$496
33 years$3,080$2,126$1,433$948$617$444
34 years$2,957$2,015$1,339$872$559$397
35 years$2,841$1,911$1,252$803$506$355
36 years$2,732$1,814$1,171$739$459$318
37 years$2,629$1,723$1,096$681$416$284
38 years$2,531$1,637$1,027$628$377$255
39 years$2,439$1,557$962$579$342$228
40 years$2,352$1,481$902$534$310$204
41 years$2,269$1,410$845$493$281$183
42 years$2,190$1,343$793$455$255$164
43 years$2,115$1,280$744$420$232$147
44 years$2,044$1,220$699$388$210$131
45 years$1,976$1,163$656$358$191$118
46 years$1,911$1,110$616$331$173$106
47 years$1,849$1,059$579$305$157$95
48 years$1,790$1,011$544$282$143$85
49 years$1,733$965$511$261$130$76
50 years$1,679$922$481$241$118$68

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 $3,483 every year, while hoping to spend $58,866 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: 67/28/5 Blend
47$1,720,000$1,720,000$1,720,000$1,720,000
48$1,899,033$1,807,873$1,781,213$2,024,884
49$2,030,101$1,833,826$1,778,250$2,134,672
50$2,172,565$1,859,077$1,773,216$2,247,181
51$2,327,526$1,883,531$1,765,978$2,368,573
52$2,496,194$1,907,084$1,756,398$2,499,706
53$2,679,900$1,929,625$1,744,331$2,641,522
54$2,880,111$1,951,038$1,729,628$2,795,063
55$3,098,439$1,971,196$1,712,127$2,961,473
56$3,336,661$1,989,965$1,691,664$3,142,015
57$3,596,729$2,007,203$1,668,064$3,338,083
58$3,880,796$2,022,756$1,641,145$3,551,211
59$4,191,230$2,036,464$1,610,716$3,783,089
60$4,530,638$2,048,153$1,576,577$4,035,581
61$4,901,890$2,057,640$1,538,520$4,310,744
62$5,308,148$2,064,729$1,496,325$4,610,842
63$5,752,891$2,069,213$1,449,764$4,938,372
64$6,239,952$2,070,871$1,398,598$5,296,086
65$6,773,552$2,069,468$1,342,575$5,687,021
66$7,358,339$2,064,756$1,281,436$6,114,520
67$7,999,431$2,056,471$1,214,906$6,582,272
68$8,702,467$2,044,332$1,142,699$7,094,343
69$9,473,655$2,028,041$1,064,516$7,655,216
70$10,319,837$2,007,283$980,046$8,269,831
71$11,248,544$1,981,725$888,962$8,943,636
72$12,268,077$1,951,010$790,923$9,682,637
73$13,387,576$1,914,765$685,574$10,493,454
74$14,617,110$1,872,590$572,542$11,383,388
75$15,967,773$1,824,064$451,440$12,360,484
76$17,451,784$1,768,742$321,862$13,433,614
77$19,082,607$1,706,151$183,385$14,612,557
78$20,875,072$1,635,791$35,567$15,908,095
79$22,845,518$1,557,134$0$17,332,113
80$25,011,948$1,469,621$0$18,904,230
81$27,394,193$1,372,659$0$20,634,823
82$30,014,105$1,265,623$0$22,537,941
83$32,895,757$1,147,852$0$24,631,164
84$36,065,675$1,018,647$0$26,933,873
85$39,553,082$877,269$0$29,467,427
86$43,390,179$722,939$0$32,255,373
87$47,612,445$554,830$0$35,323,663
88$52,258,971$372,073$0$38,700,905
89$57,372,829$173,747$0$42,418,630
90$63,001,479$0$0$46,511,596
91$69,197,215$0$0$51,030,781
92$76,017,657$0$0$56,064,688
93$83,526,299$0$0$61,606,659
94$91,793,099$0$0$67,708,347
95$100,895,147$0$0$74,426,669
96$110,917,387$0$0$81,824,340
97$121,953,420$0$0$89,970,467
98$134,106,386$0$0$98,941,200
99$147,489,937$0$0$108,820,451
100$162,229,307$0$0$119,700,684