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%17.7%
1 years$142,862$141,589$140,348$139,136$137,953$133,644
2 years$70,724$69,406$68,130$66,892$65,692$61,389
3 years$46,681$45,358$44,085$42,859$41,678$37,516
4 years$34,662$33,343$32,082$30,877$29,725$25,736
5 years$27,452$26,141$24,897$23,717$22,596$18,791
6 years$22,647$21,346$20,121$18,966$17,880$14,262
7 years$19,217$17,927$16,720$15,593$14,541$11,110
8 years$16,645$15,366$14,180$13,081$12,063$8,816
9 years$14,646$13,379$12,213$11,142$10,159$7,093
10 years$13,047$11,793$10,648$9,604$8,656$5,766
11 years$11,740$10,499$9,374$8,359$7,444$4,726
12 years$10,652$9,423$8,319$7,332$6,451$3,898
13 years$9,732$8,516$7,433$6,473$5,626$3,232
14 years$8,943$7,741$6,678$5,746$4,931$2,691
15 years$8,261$7,071$6,030$5,124$4,342$2,247
16 years$7,665$6,488$5,467$4,588$3,837$1,883
17 years$7,139$5,975$4,975$4,123$3,402$1,581
18 years$6,672$5,521$4,541$3,715$3,025$1,330
19 years$6,255$5,117$4,157$3,357$2,697$1,120
20 years$5,880$4,755$3,815$3,040$2,409$945
21 years$5,541$4,429$3,509$2,759$2,155$798
22 years$5,233$4,134$3,234$2,509$1,932$675
23 years$4,953$3,867$2,986$2,285$1,734$571
24 years$4,696$3,623$2,762$2,084$1,559$483
25 years$4,460$3,400$2,558$1,903$1,403$409
26 years$4,243$3,195$2,372$1,740$1,264$347
27 years$4,042$3,007$2,203$1,593$1,139$294
28 years$3,856$2,834$2,048$1,459$1,028$249
29 years$3,683$2,673$1,906$1,338$928$211
30 years$3,522$2,525$1,775$1,228$839$179
31 years$3,371$2,387$1,655$1,128$758$152
32 years$3,230$2,258$1,544$1,037$686$129
33 years$3,098$2,139$1,442$953$621$110
34 years$2,974$2,027$1,347$877$562$93
35 years$2,858$1,922$1,259$807$509$79
36 years$2,748$1,825$1,178$744$461$67
37 years$2,644$1,733$1,103$685$418$57
38 years$2,546$1,647$1,033$632$379$48
39 years$2,453$1,566$968$582$344$41
40 years$2,365$1,490$907$537$312$35
41 years$2,282$1,418$850$496$283$30
42 years$2,203$1,351$798$457$257$25
43 years$2,127$1,287$748$422$233$21
44 years$2,055$1,227$703$390$211$18
45 years$1,987$1,170$660$360$192$15
46 years$1,922$1,116$620$333$174$13
47 years$1,860$1,065$582$307$158$11
48 years$1,800$1,017$547$284$144$9
49 years$1,743$971$514$262$130$8
50 years$1,689$927$483$242$119$7

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 $3,569 every year, while hoping to spend $25,271 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: 47/32/21 Blend
47$1,730,000$1,730,000$1,730,000$1,730,000
48$1,910,141$1,818,451$1,791,636$1,988,344
49$2,078,088$1,880,667$1,824,768$2,105,566
50$2,262,318$1,945,085$1,858,163$2,229,917
51$2,464,465$2,011,785$1,891,802$2,364,370
52$2,686,331$2,080,853$1,925,668$2,509,881
53$2,929,897$2,152,375$1,959,738$2,667,503
54$3,197,348$2,226,443$1,993,991$2,838,391
55$3,491,090$2,303,151$2,028,402$3,023,820
56$3,813,774$2,382,598$2,062,946$3,225,188
57$4,168,318$2,464,886$2,097,595$3,444,038
58$4,557,942$2,550,120$2,132,319$3,682,064
59$4,986,186$2,638,410$2,167,086$3,941,131
60$5,456,957$2,729,872$2,201,864$4,223,294
61$5,974,556$2,824,625$2,236,615$4,530,811
62$6,543,720$2,922,791$2,271,301$4,866,172
63$7,169,672$3,024,500$2,305,882$5,232,114
64$7,858,163$3,129,885$2,340,314$5,631,652
65$8,615,531$3,239,085$2,374,550$6,068,105
66$9,448,760$3,352,245$2,408,542$6,545,129
67$10,365,544$3,469,515$2,442,238$7,066,748
68$11,374,359$3,591,051$2,475,583$7,637,392
69$12,484,546$3,717,015$2,508,518$8,261,942
70$13,706,398$3,847,577$2,540,981$8,945,772
71$15,051,254$3,982,912$2,572,907$9,694,800
72$16,531,609$4,123,202$2,604,227$10,515,544
73$18,161,233$4,268,638$2,634,868$11,415,183
74$19,955,295$4,419,418$2,664,752$12,401,625
75$21,930,512$4,575,747$2,693,799$13,483,580
76$24,105,305$4,737,838$2,721,921$14,670,640
77$26,499,969$4,905,916$2,749,029$15,973,375
78$29,136,871$5,080,211$2,775,027$17,403,424
79$32,040,655$5,260,964$2,799,813$18,973,612
80$35,238,477$5,448,427$2,823,282$20,698,064
81$38,760,262$5,642,860$2,845,322$22,592,345
82$42,638,984$5,844,535$2,865,816$24,673,598
83$46,910,978$6,053,736$2,884,639$26,960,711
84$51,616,285$6,270,756$2,901,661$29,474,493
85$56,799,025$6,495,902$2,916,746$32,237,870
86$62,507,818$6,729,493$2,929,749$35,276,099
87$68,796,240$6,971,863$2,940,520$38,617,009
88$75,723,328$7,223,356$2,948,899$42,291,259
89$83,354,140$7,484,333$2,954,720$46,332,631
90$91,760,367$7,755,169$2,957,807$50,778,343
91$101,021,008$8,036,256$2,957,978$55,669,405
92$111,223,118$8,328,000$2,955,037$61,051,001
93$122,462,630$8,630,826$2,948,785$66,972,916
94$134,845,257$8,945,175$2,939,007$73,490,006
95$148,487,491$9,271,507$2,925,483$80,662,715
96$163,517,707$9,610,302$2,907,978$88,557,642
97$180,077,366$9,962,060$2,886,248$97,248,170
98$198,322,357$10,327,300$2,860,037$106,815,161
99$218,424,465$10,706,566$2,829,076$117,347,713
100$240,572,996$11,100,423$2,793,085$128,944,004