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%16.4%
1 years$142,036$140,771$139,536$138,332$137,155$133,569
2 years$70,315$69,005$67,736$66,506$65,312$61,723
3 years$46,411$45,096$43,830$42,611$41,437$37,958
4 years$34,461$33,150$31,897$30,699$29,553$26,211
5 years$27,293$25,990$24,753$23,580$22,466$19,269
6 years$22,516$21,223$20,004$18,857$17,776$14,729
7 years$19,106$17,823$16,624$15,503$14,457$11,559
8 years$16,549$15,278$14,098$13,005$11,993$9,243
9 years$14,561$13,302$12,143$11,078$10,100$7,495
10 years$12,972$11,725$10,586$9,549$8,606$6,143
11 years$11,672$10,438$9,320$8,310$7,401$5,077
12 years$10,590$9,369$8,271$7,289$6,414$4,224
13 years$9,675$8,466$7,390$6,435$5,593$3,533
14 years$8,892$7,696$6,640$5,713$4,903$2,967
15 years$8,213$7,030$5,995$5,095$4,317$2,502
16 years$7,620$6,450$5,435$4,562$3,815$2,115
17 years$7,098$5,940$4,946$4,099$3,383$1,793
18 years$6,633$5,489$4,515$3,694$3,008$1,523
19 years$6,219$5,087$4,133$3,338$2,681$1,295
20 years$5,846$4,727$3,793$3,023$2,395$1,104
21 years$5,509$4,403$3,489$2,743$2,143$941
22 years$5,203$4,110$3,216$2,494$1,921$804
23 years$4,924$3,844$2,969$2,272$1,724$687
24 years$4,669$3,602$2,746$2,072$1,550$588
25 years$4,434$3,380$2,543$1,892$1,395$503
26 years$4,218$3,177$2,359$1,730$1,256$431
27 years$4,019$2,990$2,190$1,584$1,133$369
28 years$3,834$2,817$2,036$1,451$1,022$316
29 years$3,661$2,658$1,895$1,331$923$271
30 years$3,501$2,510$1,765$1,221$834$233
31 years$3,352$2,373$1,645$1,121$754$200
32 years$3,212$2,245$1,535$1,031$682$171
33 years$3,080$2,126$1,433$948$617$147
34 years$2,957$2,015$1,339$872$559$126
35 years$2,841$1,911$1,252$803$506$108
36 years$2,732$1,814$1,171$739$459$93
37 years$2,629$1,723$1,096$681$416$80
38 years$2,531$1,637$1,027$628$377$69
39 years$2,439$1,557$962$579$342$59
40 years$2,352$1,481$902$534$310$51
41 years$2,269$1,410$845$493$281$43
42 years$2,190$1,343$793$455$255$37
43 years$2,115$1,280$744$420$232$32
44 years$2,044$1,220$699$388$210$27
45 years$1,976$1,163$656$358$191$24
46 years$1,911$1,110$616$331$173$20
47 years$1,849$1,059$579$305$157$17
48 years$1,790$1,011$544$282$143$15
49 years$1,733$965$511$261$130$13
50 years$1,679$922$481$241$118$11

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 $2,628 every year, while hoping to spend $54,579 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: 61/10/29 Blend
47$1,720,000$1,720,000$1,720,000$1,720,000
48$1,898,151$1,806,991$1,780,331$1,998,912
49$2,033,691$1,837,462$1,781,900$2,098,361
50$2,181,226$1,867,596$1,781,693$2,200,777
51$2,341,923$1,897,321$1,779,592$2,311,435
52$2,517,065$1,926,556$1,775,474$2,431,151
53$2,708,064$1,955,215$1,769,211$2,560,827
54$2,916,474$1,983,208$1,760,667$2,701,460
55$3,144,006$2,010,437$1,749,701$2,854,145
56$3,392,543$2,036,796$1,736,163$3,020,093
57$3,664,157$2,062,174$1,719,900$3,200,640
58$3,961,132$2,086,451$1,700,748$3,397,259
59$4,285,980$2,109,500$1,678,535$3,611,575
60$4,641,468$2,131,184$1,653,084$3,845,379
61$5,030,643$2,151,357$1,624,208$4,100,649
62$5,456,860$2,169,864$1,591,710$4,379,566
63$5,923,813$2,186,541$1,555,386$4,684,534
64$6,435,572$2,201,211$1,515,021$5,018,206
65$6,996,617$2,213,688$1,470,391$5,383,509
66$7,611,884$2,223,771$1,421,261$5,783,667
67$8,286,809$2,231,248$1,367,386$6,222,241
68$9,027,380$2,235,896$1,308,510$6,703,154
69$9,840,191$2,237,473$1,244,364$7,230,736
70$10,732,508$2,235,727$1,174,667$7,809,758
71$11,712,333$2,230,386$1,099,127$8,445,484
72$12,788,480$2,221,165$1,017,438$9,143,719
73$13,970,662$2,207,758$929,278$9,910,863
74$15,269,575$2,189,844$834,315$10,753,974
75$16,697,006$2,167,081$732,198$11,680,832
76$18,265,937$2,139,104$622,564$12,700,021
77$19,990,673$2,105,531$505,030$13,820,999
78$21,886,974$2,065,954$379,200$15,054,200
79$23,972,200$2,019,940$244,658$16,411,125
80$26,265,481$1,967,034$100,971$17,904,456
81$28,787,892$1,906,751$0$19,548,173
82$31,562,654$1,838,579$0$21,373,896
83$34,615,352$1,761,976$0$23,416,811
84$37,974,174$1,676,369$0$25,664,527
85$41,670,179$1,581,151$0$28,137,860
86$45,737,590$1,475,680$0$30,859,747
87$50,214,115$1,359,278$0$33,855,461
88$55,141,300$1,231,229$0$37,152,856
89$60,564,926$1,090,773$0$40,782,626
90$66,535,438$937,110$0$44,778,594
91$73,108,418$769,394$0$49,178,035
92$80,345,113$586,730$0$54,022,025
93$88,313,009$388,174$0$59,355,828
94$97,086,470$172,729$0$65,229,328
95$106,747,438$0$0$71,697,496
96$117,386,207$0$0$78,827,585
97$129,102,272$0$0$86,700,782
98$142,005,270$0$0$95,371,779
99$156,216,012$0$0$104,921,783
100$171,867,626$0$0$115,440,284