Can I retire at age 48 with 1,740,000?

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 $1,740,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$143,688$142,408$141,159$139,940$138,750$134,148
2 years$71,132$69,808$68,524$67,279$66,071$61,479
3 years$46,951$45,620$44,339$43,106$41,918$37,481
4 years$34,862$33,536$32,268$31,056$29,897$25,647
5 years$27,611$26,292$25,041$23,854$22,727$18,677
6 years$22,778$21,470$20,237$19,076$17,983$14,136
7 years$19,328$18,030$16,817$15,683$14,625$10,981
8 years$16,741$15,455$14,262$13,156$12,133$8,688
9 years$14,730$13,457$12,284$11,206$10,218$6,969
10 years$13,122$11,861$10,709$9,660$8,706$5,647
11 years$11,808$10,559$9,428$8,407$7,487$4,613
12 years$10,713$9,478$8,367$7,374$6,488$3,793
13 years$9,788$8,565$7,476$6,510$5,658$3,134
14 years$8,995$7,785$6,717$5,779$4,960$2,600
15 years$8,309$7,112$6,065$5,154$4,367$2,164
16 years$7,709$6,525$5,498$4,615$3,860$1,806
17 years$7,180$6,009$5,003$4,146$3,422$1,511
18 years$6,711$5,553$4,567$3,737$3,043$1,266
19 years$6,291$5,146$4,181$3,376$2,712$1,063
20 years$5,914$4,782$3,837$3,058$2,423$893
21 years$5,573$4,455$3,530$2,775$2,168$751
22 years$5,263$4,158$3,253$2,523$1,943$633
23 years$4,981$3,889$3,004$2,298$1,744$533
24 years$4,723$3,644$2,778$2,096$1,568$450
25 years$4,486$3,419$2,573$1,914$1,411$379
26 years$4,267$3,214$2,386$1,750$1,271$320
27 years$4,065$3,025$2,216$1,602$1,146$270
28 years$3,878$2,850$2,060$1,468$1,034$228
29 years$3,704$2,689$1,917$1,346$934$193
30 years$3,542$2,539$1,786$1,235$843$163
31 years$3,391$2,400$1,665$1,135$763$138
32 years$3,249$2,271$1,553$1,043$690$116
33 years$3,116$2,151$1,450$959$624$98
34 years$2,991$2,039$1,355$882$565$83
35 years$2,874$1,934$1,267$812$512$70
36 years$2,764$1,835$1,185$748$464$59
37 years$2,659$1,743$1,109$689$420$50
38 years$2,561$1,656$1,039$635$381$43
39 years$2,467$1,575$973$586$346$36
40 years$2,379$1,499$912$540$313$30
41 years$2,295$1,427$855$498$284$26
42 years$2,215$1,359$802$460$258$22
43 years$2,139$1,294$753$425$234$18
44 years$2,067$1,234$707$392$213$16
45 years$1,999$1,177$664$362$193$13
46 years$1,933$1,122$623$334$175$11
47 years$1,871$1,071$585$309$159$9
48 years$1,811$1,023$550$286$145$8
49 years$1,754$977$517$264$131$7
50 years$1,699$933$486$244$119$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,740,000, adding $2,283 every year, while hoping to spend $26,258 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: 58/24/18 Blend
47$1,740,000$1,740,000$1,740,000$1,740,000
48$1,919,835$1,827,615$1,800,645$2,021,995
49$2,087,720$1,889,230$1,833,028$2,153,168
50$2,271,849$1,952,984$1,865,616$2,293,036
51$2,473,851$2,018,954$1,898,388$2,444,923
52$2,695,522$2,087,220$1,931,322$2,609,991
53$2,938,836$2,157,865$1,964,393$2,789,521
54$3,205,973$2,230,976$1,997,575$2,984,920
55$3,499,330$2,306,641$2,030,842$3,197,739
56$3,821,549$2,384,954$2,064,162$3,429,685
57$4,175,541$2,466,011$2,097,506$3,682,636
58$4,564,513$2,549,912$2,130,839$3,958,662
59$4,991,996$2,636,761$2,164,125$4,260,039
60$5,461,882$2,726,665$2,197,326$4,589,274
61$5,978,459$2,819,736$2,230,401$4,949,130
62$6,546,450$2,916,092$2,263,307$5,342,645
63$7,171,059$3,015,851$2,295,999$5,773,168
64$7,858,020$3,119,140$2,328,428$6,244,387
65$8,613,649$3,226,089$2,360,541$6,760,362
66$9,444,906$3,336,833$2,392,285$7,325,567
67$10,359,461$3,451,512$2,423,601$7,944,926
68$11,365,763$3,570,273$2,454,428$8,623,866
69$12,473,121$3,693,267$2,484,701$9,368,363
70$13,691,793$3,820,650$2,514,353$10,185,002
71$15,033,081$3,952,588$2,543,309$11,081,033
72$16,509,440$4,089,249$2,571,495$12,064,446
73$18,134,592$4,230,811$2,598,828$13,144,040
74$19,923,656$4,377,457$2,625,225$14,329,511
75$21,893,294$4,529,377$2,650,595$15,631,539
76$24,061,864$4,686,771$2,674,844$17,061,891
77$26,449,595$4,849,843$2,697,872$18,633,528
78$29,078,778$5,018,809$2,719,574$20,360,734
79$31,973,973$5,193,891$2,739,840$22,259,242
80$35,162,247$5,375,321$2,758,554$24,346,389
81$38,673,423$5,563,338$2,775,592$26,641,275
82$42,540,365$5,758,195$2,790,828$29,164,943
83$46,799,286$5,960,150$2,804,124$31,940,581
84$51,490,091$6,169,475$2,815,340$34,993,737
85$56,656,752$6,386,451$2,824,325$38,352,558
86$62,347,725$6,611,371$2,830,924$42,048,060
87$68,616,404$6,844,540$2,834,972$46,114,418
88$75,521,629$7,086,274$2,836,295$50,589,287
89$83,128,237$7,336,903$2,834,713$55,514,158
90$91,507,676$7,596,770$2,830,034$60,934,748
91$100,738,679$7,866,232$2,822,061$66,901,434
92$110,908,007$8,145,660$2,810,582$73,469,724
93$122,111,267$8,435,440$2,795,380$80,700,783
94$134,453,815$8,735,975$2,776,223$88,662,010
95$148,051,749$9,047,683$2,752,872$97,427,671
96$163,033,007$9,370,999$2,725,073$107,079,601
97$179,538,573$9,706,378$2,692,562$117,707,976
98$197,723,807$10,054,290$2,655,063$129,412,164
99$217,759,912$10,415,227$2,612,284$142,301,662
100$239,835,551$10,789,701$2,563,923$156,497,128