Can I retire at age 48 with 1,730,000?

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 $1,730,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$142,862$141,589$140,348$139,136$137,953$132,636
2 years$70,724$69,406$68,130$66,892$65,692$60,399
3 years$46,681$45,358$44,085$42,859$41,678$36,575
4 years$34,662$33,343$32,082$30,877$29,725$24,851
5 years$27,452$26,141$24,897$23,717$22,596$17,964
6 years$22,647$21,346$20,121$18,966$17,880$13,492
7 years$19,217$17,927$16,720$15,593$14,541$10,397
8 years$16,645$15,366$14,180$13,081$12,063$8,158
9 years$14,646$13,379$12,213$11,142$10,159$6,488
10 years$13,047$11,793$10,648$9,604$8,656$5,211
11 years$11,740$10,499$9,374$8,359$7,444$4,219
12 years$10,652$9,423$8,319$7,332$6,451$3,436
13 years$9,732$8,516$7,433$6,473$5,626$2,812
14 years$8,943$7,741$6,678$5,746$4,931$2,310
15 years$8,261$7,071$6,030$5,124$4,342$1,904
16 years$7,665$6,488$5,467$4,588$3,837$1,573
17 years$7,139$5,975$4,975$4,123$3,402$1,302
18 years$6,672$5,521$4,541$3,715$3,025$1,080
19 years$6,255$5,117$4,157$3,357$2,697$897
20 years$5,880$4,755$3,815$3,040$2,409$746
21 years$5,541$4,429$3,509$2,759$2,155$621
22 years$5,233$4,134$3,234$2,509$1,932$517
23 years$4,953$3,867$2,986$2,285$1,734$431
24 years$4,696$3,623$2,762$2,084$1,559$359
25 years$4,460$3,400$2,558$1,903$1,403$300
26 years$4,243$3,195$2,372$1,740$1,264$250
27 years$4,042$3,007$2,203$1,593$1,139$209
28 years$3,856$2,834$2,048$1,459$1,028$174
29 years$3,683$2,673$1,906$1,338$928$146
30 years$3,522$2,525$1,775$1,228$839$122
31 years$3,371$2,387$1,655$1,128$758$102
32 years$3,230$2,258$1,544$1,037$686$85
33 years$3,098$2,139$1,442$953$621$71
34 years$2,974$2,027$1,347$877$562$59
35 years$2,858$1,922$1,259$807$509$50
36 years$2,748$1,825$1,178$744$461$41
37 years$2,644$1,733$1,103$685$418$35
38 years$2,546$1,647$1,033$632$379$29
39 years$2,453$1,566$968$582$344$24
40 years$2,365$1,490$907$537$312$20
41 years$2,282$1,418$850$496$283$17
42 years$2,203$1,351$798$457$257$14
43 years$2,127$1,287$748$422$233$12
44 years$2,055$1,227$703$390$211$10
45 years$1,987$1,170$660$360$192$8
46 years$1,922$1,116$620$333$174$7
47 years$1,860$1,065$582$307$158$6
48 years$1,800$1,017$547$284$144$5
49 years$1,743$971$514$262$130$4
50 years$1,689$927$483$242$119$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,730,000, adding $6,178 every year, while hoping to spend $47,087 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: 48/44/8 Blend
47$1,730,000$1,730,000$1,730,000$1,730,000
48$1,912,833$1,821,143$1,794,328$2,000,267
49$2,057,841$1,860,278$1,804,337$2,099,996
50$2,216,063$1,899,754$1,813,104$2,202,749
51$2,388,795$1,939,535$1,820,537$2,313,213
52$2,577,467$1,979,587$1,826,540$2,432,118
53$2,783,651$2,019,870$1,831,011$2,560,271
54$3,009,079$2,060,339$1,833,846$2,698,558
55$3,255,658$2,100,949$1,834,933$2,847,957
56$3,525,488$2,141,648$1,834,156$3,009,545
57$3,820,879$2,182,380$1,831,391$3,184,511
58$4,144,377$2,223,085$1,826,512$3,374,161
59$4,498,786$2,263,699$1,819,382$3,579,938
60$4,887,193$2,304,151$1,809,862$3,803,431
61$5,312,998$2,344,365$1,797,803$4,046,391
62$5,779,944$2,384,260$1,783,051$4,310,749
63$6,292,158$2,423,748$1,765,442$4,598,633
64$6,854,181$2,462,734$1,744,807$4,912,387
65$7,471,017$2,501,118$1,720,968$5,254,599
66$8,148,179$2,538,791$1,693,739$5,628,117
67$8,891,737$2,575,635$1,662,923$6,036,083
68$9,708,380$2,611,528$1,628,317$6,481,962
69$10,605,476$2,646,334$1,589,707$6,969,571
70$11,591,142$2,679,911$1,546,868$7,503,119
71$12,674,318$2,712,106$1,499,568$8,087,247
72$13,864,856$2,742,757$1,447,561$8,727,069
73$15,173,608$2,771,688$1,390,591$9,428,226
74$16,612,530$2,798,716$1,328,391$10,196,934
75$18,194,796$2,823,641$1,260,680$11,040,046
76$19,934,919$2,846,252$1,187,166$11,965,118
77$21,848,888$2,866,326$1,107,543$12,980,480
78$23,954,321$2,883,622$1,021,492$14,095,314
79$26,270,628$2,897,887$928,679$15,319,742
80$28,819,198$2,908,849$828,755$16,664,925
81$31,623,594$2,916,220$721,357$18,143,163
82$34,709,781$2,919,696$606,102$19,768,019
83$38,106,367$2,918,949$482,595$21,554,442
84$41,844,875$2,913,636$350,421$23,518,915
85$45,960,038$2,903,390$209,146$25,679,603
86$50,490,128$2,887,822$58,318$28,056,536
87$55,477,315$2,866,519$0$30,671,791
88$60,968,067$2,839,044$0$33,558,466
89$67,013,585$2,804,933$0$36,740,509
90$73,670,290$2,763,694$0$40,242,554
91$81,000,351$2,714,806$0$44,097,244
92$89,072,271$2,657,716$0$48,340,562
93$97,961,539$2,591,841$0$53,012,167
94$107,751,335$2,516,560$0$58,155,772
95$118,533,319$2,431,219$0$63,819,560
96$130,408,492$2,335,123$0$70,056,635
97$143,488,153$2,227,539$0$76,925,532
98$157,894,947$2,107,691$0$84,490,766
99$173,764,020$1,974,756$0$92,823,445
100$191,244,298$1,827,867$0$102,001,944