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%18.1%
1 years$143,688$142,408$141,159$139,940$138,750$134,201
2 years$71,132$69,808$68,524$67,279$66,071$61,532
3 years$46,951$45,620$44,339$43,106$41,918$37,531
4 years$34,862$33,536$32,268$31,056$29,897$25,694
5 years$27,611$26,292$25,041$23,854$22,727$18,721
6 years$22,778$21,470$20,237$19,076$17,983$14,177
7 years$19,328$18,030$16,817$15,683$14,625$11,019
8 years$16,741$15,455$14,262$13,156$12,133$8,724
9 years$14,730$13,457$12,284$11,206$10,218$7,001
10 years$13,122$11,861$10,709$9,660$8,706$5,678
11 years$11,808$10,559$9,428$8,407$7,487$4,641
12 years$10,713$9,478$8,367$7,374$6,488$3,818
13 years$9,788$8,565$7,476$6,510$5,658$3,157
14 years$8,995$7,785$6,717$5,779$4,960$2,621
15 years$8,309$7,112$6,065$5,154$4,367$2,183
16 years$7,709$6,525$5,498$4,615$3,860$1,823
17 years$7,180$6,009$5,003$4,146$3,422$1,526
18 years$6,711$5,553$4,567$3,737$3,043$1,280
19 years$6,291$5,146$4,181$3,376$2,712$1,075
20 years$5,914$4,782$3,837$3,058$2,423$904
21 years$5,573$4,455$3,530$2,775$2,168$761
22 years$5,263$4,158$3,253$2,523$1,943$642
23 years$4,981$3,889$3,004$2,298$1,744$541
24 years$4,723$3,644$2,778$2,096$1,568$457
25 years$4,486$3,419$2,573$1,914$1,411$386
26 years$4,267$3,214$2,386$1,750$1,271$326
27 years$4,065$3,025$2,216$1,602$1,146$275
28 years$3,878$2,850$2,060$1,468$1,034$233
29 years$3,704$2,689$1,917$1,346$934$197
30 years$3,542$2,539$1,786$1,235$843$166
31 years$3,391$2,400$1,665$1,135$763$141
32 years$3,249$2,271$1,553$1,043$690$119
33 years$3,116$2,151$1,450$959$624$101
34 years$2,991$2,039$1,355$882$565$85
35 years$2,874$1,934$1,267$812$512$72
36 years$2,764$1,835$1,185$748$464$61
37 years$2,659$1,743$1,109$689$420$52
38 years$2,561$1,656$1,039$635$381$44
39 years$2,467$1,575$973$586$346$37
40 years$2,379$1,499$912$540$313$31
41 years$2,295$1,427$855$498$284$27
42 years$2,215$1,359$802$460$258$22
43 years$2,139$1,294$753$425$234$19
44 years$2,067$1,234$707$392$213$16
45 years$1,999$1,177$664$362$193$14
46 years$1,933$1,122$623$334$175$12
47 years$1,871$1,071$585$309$159$10
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 $3,969 every year, while hoping to spend $30,086 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: 49/38/13 Blend
47$1,740,000$1,740,000$1,740,000$1,740,000
48$1,921,574$1,829,354$1,802,384$2,008,689
49$2,085,563$1,886,981$1,830,753$2,126,657
50$2,265,271$1,946,424$1,859,063$2,251,268
51$2,462,269$2,007,739$1,887,282$2,385,951
52$2,678,288$2,070,985$1,915,373$2,531,661
53$2,915,234$2,136,224$1,943,299$2,689,445
54$3,175,207$2,203,518$1,971,019$2,860,458
55$3,460,520$2,272,932$1,998,490$3,045,968
56$3,773,720$2,344,533$2,025,666$3,247,371
57$4,117,613$2,418,389$2,052,500$3,466,204
58$4,495,292$2,494,572$2,078,941$3,704,158
59$4,910,161$2,573,155$2,104,934$3,963,093
60$5,365,971$2,654,214$2,130,423$4,245,058
61$5,866,855$2,737,826$2,155,348$4,552,307
62$6,417,367$2,824,072$2,179,645$4,887,323
63$7,022,522$2,913,035$2,203,246$5,252,838
64$7,687,846$3,004,800$2,226,082$5,651,861
65$8,419,428$3,099,457$2,248,077$6,087,704
66$9,223,974$3,197,095$2,269,153$6,564,017
67$10,108,876$3,297,809$2,289,226$7,084,814
68$11,082,276$3,401,696$2,308,209$7,654,521
69$12,153,145$3,508,856$2,326,011$8,278,009
70$13,331,367$3,619,392$2,342,534$8,960,644
71$14,627,834$3,733,410$2,357,676$9,708,336
72$16,054,546$3,851,019$2,371,331$10,527,593
73$17,624,725$3,972,334$2,383,385$11,425,586
74$19,352,939$4,097,471$2,393,721$12,410,213
75$21,255,241$4,226,549$2,402,213$13,490,172
76$23,349,320$4,359,694$2,408,732$14,675,048
77$25,654,665$4,497,034$2,413,139$15,975,397
78$28,192,753$4,638,700$2,415,290$17,402,848
79$30,987,247$4,784,830$2,415,036$18,970,216
80$34,064,222$4,935,562$2,412,216$20,691,614
81$37,452,411$5,091,044$2,406,664$22,582,593
82$41,183,476$5,251,423$2,398,205$24,660,285
83$45,292,303$5,416,856$2,386,658$26,943,568
84$49,817,336$5,587,500$2,371,829$29,453,236
85$54,800,936$5,763,519$2,353,517$32,212,203
86$60,289,784$5,945,084$2,331,513$35,245,715
87$66,335,318$6,132,370$2,305,594$38,581,587
88$72,994,220$6,325,555$2,275,531$42,250,469
89$80,328,949$6,524,826$2,241,080$46,286,127
90$88,408,335$6,730,376$2,201,989$50,725,772
91$97,308,222$6,942,400$2,157,993$55,610,402
92$107,112,187$7,161,105$2,108,812$60,985,190
93$117,912,331$7,386,700$2,054,158$66,899,914
94$129,810,142$7,619,402$1,993,726$73,409,423
95$142,917,459$7,859,435$1,927,198$80,574,152
96$157,357,523$8,107,030$1,854,242$88,460,699
97$173,266,141$8,362,425$1,774,510$97,142,444
98$190,792,971$8,625,867$1,687,639$106,700,249
99$210,102,928$8,897,608$1,593,249$117,223,215
100$231,377,746$9,177,911$1,490,942$128,809,527