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

Use the below retirement simulation to view the chances of a successful retirement.
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%17.9%
1 years$142,862$141,589$140,348$139,136$137,953$133,537
2 years$70,724$69,406$68,130$66,892$65,692$61,283
3 years$46,681$45,358$44,085$42,859$41,678$37,415
4 years$34,662$33,343$32,082$30,877$29,725$25,641
5 years$27,452$26,141$24,897$23,717$22,596$18,702
6 years$22,647$21,346$20,121$18,966$17,880$14,179
7 years$19,217$17,927$16,720$15,593$14,541$11,032
8 years$16,645$15,366$14,180$13,081$12,063$8,745
9 years$14,646$13,379$12,213$11,142$10,159$7,027
10 years$13,047$11,793$10,648$9,604$8,656$5,705
11 years$11,740$10,499$9,374$8,359$7,444$4,670
12 years$10,652$9,423$8,319$7,332$6,451$3,847
13 years$9,732$8,516$7,433$6,473$5,626$3,185
14 years$8,943$7,741$6,678$5,746$4,931$2,648
15 years$8,261$7,071$6,030$5,124$4,342$2,209
16 years$7,665$6,488$5,467$4,588$3,837$1,847
17 years$7,139$5,975$4,975$4,123$3,402$1,549
18 years$6,672$5,521$4,541$3,715$3,025$1,301
19 years$6,255$5,117$4,157$3,357$2,697$1,094
20 years$5,880$4,755$3,815$3,040$2,409$922
21 years$5,541$4,429$3,509$2,759$2,155$777
22 years$5,233$4,134$3,234$2,509$1,932$656
23 years$4,953$3,867$2,986$2,285$1,734$554
24 years$4,696$3,623$2,762$2,084$1,559$468
25 years$4,460$3,400$2,558$1,903$1,403$396
26 years$4,243$3,195$2,372$1,740$1,264$335
27 years$4,042$3,007$2,203$1,593$1,139$284
28 years$3,856$2,834$2,048$1,459$1,028$240
29 years$3,683$2,673$1,906$1,338$928$203
30 years$3,522$2,525$1,775$1,228$839$172
31 years$3,371$2,387$1,655$1,128$758$146
32 years$3,230$2,258$1,544$1,037$686$124
33 years$3,098$2,139$1,442$953$621$105
34 years$2,974$2,027$1,347$877$562$89
35 years$2,858$1,922$1,259$807$509$75
36 years$2,748$1,825$1,178$744$461$64
37 years$2,644$1,733$1,103$685$418$54
38 years$2,546$1,647$1,033$632$379$46
39 years$2,453$1,566$968$582$344$39
40 years$2,365$1,490$907$537$312$33
41 years$2,282$1,418$850$496$283$28
42 years$2,203$1,351$798$457$257$24
43 years$2,127$1,287$748$422$233$20
44 years$2,055$1,227$703$390$211$17
45 years$1,987$1,170$660$360$192$14
46 years$1,922$1,116$620$333$174$12
47 years$1,860$1,065$582$307$158$10
48 years$1,800$1,017$547$284$144$9
49 years$1,743$971$514$262$130$7
50 years$1,689$927$483$242$119$6

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 $4,896 every year, while hoping to spend $54,605 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: 53/32/15 Blend
47$1,730,000$1,730,000$1,730,000$1,730,000
48$1,911,510$1,819,820$1,793,005$2,004,897
49$2,048,385$1,850,892$1,794,972$2,100,296
50$2,197,391$1,881,656$1,795,174$2,197,820
51$2,359,707$1,912,040$1,793,495$2,302,703
52$2,536,633$1,941,966$1,789,812$2,415,658
53$2,729,597$1,971,349$1,783,998$2,537,473
54$2,940,171$2,000,100$1,775,917$2,669,014
55$3,170,086$2,028,123$1,765,428$2,811,239
56$3,421,249$2,055,315$1,752,384$2,965,203
57$3,695,756$2,081,565$1,736,628$3,132,071
58$3,995,917$2,106,756$1,718,000$3,313,126
59$4,324,275$2,130,762$1,696,328$3,509,787
60$4,683,631$2,153,448$1,671,434$3,723,615
61$5,077,066$2,174,673$1,643,132$3,956,334
62$5,507,976$2,194,281$1,611,226$4,209,846
63$5,980,101$2,212,112$1,575,513$4,486,249
64$6,497,557$2,227,991$1,535,779$4,787,856
65$7,064,879$2,241,734$1,491,799$5,117,219
66$7,687,062$2,253,144$1,443,339$5,477,154
67$8,369,607$2,262,013$1,390,156$5,870,765
68$9,118,573$2,268,118$1,331,992$6,301,478
69$9,940,635$2,271,223$1,268,581$6,773,070
70$10,843,144$2,271,077$1,199,643$7,289,708
71$11,834,198$2,267,414$1,124,885$7,855,987
72$12,922,720$2,259,950$1,044,002$8,476,975
73$14,118,535$2,248,386$956,674$9,158,262
74$15,432,472$2,232,403$862,569$9,906,014
75$16,876,456$2,211,662$761,337$10,727,029
76$18,463,627$2,185,807$652,614$11,628,805
77$20,208,462$2,154,456$536,022$12,619,611
78$22,126,909$2,117,208$411,162$13,708,565
79$24,236,538$2,073,636$277,620$14,905,723
80$26,556,709$2,023,288$134,965$16,222,173
81$29,108,751$1,965,687$0$17,670,143
82$31,916,164$1,900,326$0$19,265,880
83$35,004,840$1,826,669$0$21,044,718
84$38,403,308$1,744,150$0$23,001,505
85$42,143,000$1,652,169$0$25,154,399
86$46,258,552$1,550,091$0$27,523,414
87$50,788,125$1,437,245$0$30,130,614
88$55,773,766$1,312,923$0$33,000,318
89$61,261,809$1,176,375$0$36,159,335
90$67,303,304$1,026,808$0$39,637,216
91$73,954,505$863,385$0$43,466,534
92$81,277,395$685,222$0$47,683,196
93$89,340,275$491,384$0$52,326,777
94$98,218,406$280,884$0$57,440,902
95$107,994,716$52,680$0$63,073,658
96$118,760,589$0$0$69,278,046
97$130,616,718$0$0$76,180,916
98$143,674,063$0$0$83,803,816
99$158,054,892$0$0$92,199,604
100$173,893,937$0$0$101,446,967