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%19.7%
1 years$142,862$141,589$140,348$139,136$137,953$132,584
2 years$70,724$69,406$68,130$66,892$65,692$60,348
3 years$46,681$45,358$44,085$42,859$41,678$36,526
4 years$34,662$33,343$32,082$30,877$29,725$24,806
5 years$27,452$26,141$24,897$23,717$22,596$17,922
6 years$22,647$21,346$20,121$18,966$17,880$13,453
7 years$19,217$17,927$16,720$15,593$14,541$10,361
8 years$16,645$15,366$14,180$13,081$12,063$8,125
9 years$14,646$13,379$12,213$11,142$10,159$6,457
10 years$13,047$11,793$10,648$9,604$8,656$5,184
11 years$11,740$10,499$9,374$8,359$7,444$4,194
12 years$10,652$9,423$8,319$7,332$6,451$3,413
13 years$9,732$8,516$7,433$6,473$5,626$2,791
14 years$8,943$7,741$6,678$5,746$4,931$2,292
15 years$8,261$7,071$6,030$5,124$4,342$1,887
16 years$7,665$6,488$5,467$4,588$3,837$1,558
17 years$7,139$5,975$4,975$4,123$3,402$1,289
18 years$6,672$5,521$4,541$3,715$3,025$1,068
19 years$6,255$5,117$4,157$3,357$2,697$886
20 years$5,880$4,755$3,815$3,040$2,409$736
21 years$5,541$4,429$3,509$2,759$2,155$612
22 years$5,233$4,134$3,234$2,509$1,932$510
23 years$4,953$3,867$2,986$2,285$1,734$424
24 years$4,696$3,623$2,762$2,084$1,559$354
25 years$4,460$3,400$2,558$1,903$1,403$295
26 years$4,243$3,195$2,372$1,740$1,264$246
27 years$4,042$3,007$2,203$1,593$1,139$205
28 years$3,856$2,834$2,048$1,459$1,028$171
29 years$3,683$2,673$1,906$1,338$928$143
30 years$3,522$2,525$1,775$1,228$839$119
31 years$3,371$2,387$1,655$1,128$758$99
32 years$3,230$2,258$1,544$1,037$686$83
33 years$3,098$2,139$1,442$953$621$69
34 years$2,974$2,027$1,347$877$562$58
35 years$2,858$1,922$1,259$807$509$48
36 years$2,748$1,825$1,178$744$461$40
37 years$2,644$1,733$1,103$685$418$34
38 years$2,546$1,647$1,033$632$379$28
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$16
42 years$2,203$1,351$798$457$257$14
43 years$2,127$1,287$748$422$233$11
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 $6,063 every year, while hoping to spend $55,896 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: 73/6/21 Blend
47$1,730,000$1,730,000$1,730,000$1,730,000
48$1,912,714$1,821,024$1,794,209$2,042,195
49$2,048,338$1,850,781$1,794,842$2,158,859
50$2,195,922$1,880,123$1,793,623$2,279,325
51$2,356,627$1,908,971$1,790,431$2,409,892
52$2,531,731$1,937,238$1,785,138$2,551,555
53$2,722,640$1,964,835$1,777,612$2,705,411
54$2,930,900$1,991,663$1,767,713$2,872,667
55$3,158,216$2,017,618$1,755,295$3,054,656
56$3,406,460$2,042,588$1,740,204$3,252,846
57$3,677,699$2,066,454$1,722,281$3,468,855
58$3,974,202$2,089,088$1,701,355$3,704,466
59$4,298,473$2,110,356$1,677,252$3,961,645
60$4,653,264$2,130,110$1,649,787$4,242,559
61$5,041,609$2,148,198$1,618,767$4,549,595
62$5,466,847$2,164,453$1,583,990$4,885,387
63$5,932,656$2,178,702$1,545,244$5,252,836
64$6,443,085$2,190,757$1,502,308$5,655,140
65$7,002,595$2,200,419$1,454,951$6,095,825
66$7,616,098$2,207,478$1,402,930$6,578,778
67$8,289,004$2,211,708$1,345,992$7,108,280
68$9,027,273$2,212,872$1,283,873$7,689,056
69$9,837,468$2,210,716$1,216,296$8,326,308
70$10,726,819$2,204,970$1,142,971$9,025,774
71$11,703,291$2,195,350$1,063,597$9,793,777
72$12,775,656$2,181,552$977,858$10,637,289
73$13,953,580$2,163,255$885,423$11,563,991
74$15,247,709$2,140,118$785,947$12,582,352
75$16,669,770$2,111,779$679,072$13,701,708
76$18,232,686$2,077,856$564,420$14,932,347
77$19,950,692$2,037,942$441,600$16,285,611
78$21,839,469$1,991,608$310,200$17,773,999
79$23,916,297$1,938,399$169,794$19,411,291
80$26,200,210$1,877,832$19,934$21,212,672
81$28,712,184$1,809,397$0$23,194,883
82$31,475,324$1,732,556$0$25,407,741
83$34,515,092$1,646,735$0$27,847,019
84$37,859,538$1,551,332$0$30,530,775
85$41,539,571$1,445,708$0$33,483,831
86$45,589,246$1,329,186$0$36,733,539
87$50,046,085$1,201,052$0$40,310,041
88$54,951,434$1,060,552$0$44,246,548
89$60,350,850$906,888$0$48,579,657
90$66,294,528$739,218$0$53,349,697
91$72,837,780$556,649$0$58,601,105
92$80,041,552$358,244$0$64,382,849
93$87,973,000$143,007$0$70,748,892
94$96,706,122$0$0$77,758,695
95$106,322,459$0$0$85,483,733
96$116,911,861$0$0$94,000,957
97$128,573,333$0$0$103,380,571
98$141,415,974$0$0$113,710,339
99$155,560,002$0$0$125,086,969
100$171,137,887$0$0$137,617,028