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%16.9%
1 years$143,688$142,408$141,159$139,940$138,750$134,849
2 years$71,132$69,808$68,524$67,279$66,071$62,171
3 years$46,951$45,620$44,339$43,106$41,918$38,141
4 years$34,862$33,536$32,268$31,056$29,897$26,271
5 years$27,611$26,292$25,041$23,854$22,727$19,263
6 years$22,778$21,470$20,237$19,076$17,983$14,684
7 years$19,328$18,030$16,817$15,683$14,625$11,491
8 years$16,741$15,455$14,262$13,156$12,133$9,162
9 years$14,730$13,457$12,284$11,206$10,218$7,407
10 years$13,122$11,861$10,709$9,660$8,706$6,052
11 years$11,808$10,559$9,428$8,407$7,487$4,985
12 years$10,713$9,478$8,367$7,374$6,488$4,134
13 years$9,788$8,565$7,476$6,510$5,658$3,446
14 years$8,995$7,785$6,717$5,779$4,960$2,885
15 years$8,309$7,112$6,065$5,154$4,367$2,423
16 years$7,709$6,525$5,498$4,615$3,860$2,042
17 years$7,180$6,009$5,003$4,146$3,422$1,724
18 years$6,711$5,553$4,567$3,737$3,043$1,459
19 years$6,291$5,146$4,181$3,376$2,712$1,237
20 years$5,914$4,782$3,837$3,058$2,423$1,050
21 years$5,573$4,455$3,530$2,775$2,168$892
22 years$5,263$4,158$3,253$2,523$1,943$759
23 years$4,981$3,889$3,004$2,298$1,744$646
24 years$4,723$3,644$2,778$2,096$1,568$550
25 years$4,486$3,419$2,573$1,914$1,411$469
26 years$4,267$3,214$2,386$1,750$1,271$400
27 years$4,065$3,025$2,216$1,602$1,146$341
28 years$3,878$2,850$2,060$1,468$1,034$291
29 years$3,704$2,689$1,917$1,346$934$249
30 years$3,542$2,539$1,786$1,235$843$212
31 years$3,391$2,400$1,665$1,135$763$182
32 years$3,249$2,271$1,553$1,043$690$155
33 years$3,116$2,151$1,450$959$624$133
34 years$2,991$2,039$1,355$882$565$113
35 years$2,874$1,934$1,267$812$512$97
36 years$2,764$1,835$1,185$748$464$83
37 years$2,659$1,743$1,109$689$420$71
38 years$2,561$1,656$1,039$635$381$61
39 years$2,467$1,575$973$586$346$52
40 years$2,379$1,499$912$540$313$44
41 years$2,295$1,427$855$498$284$38
42 years$2,215$1,359$802$460$258$32
43 years$2,139$1,294$753$425$234$28
44 years$2,067$1,234$707$392$213$24
45 years$1,999$1,177$664$362$193$20
46 years$1,933$1,122$623$334$175$17
47 years$1,871$1,071$585$309$159$15
48 years$1,811$1,023$550$286$145$13
49 years$1,754$977$517$264$131$11
50 years$1,699$933$486$244$119$9

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 $5,153 every year, while hoping to spend $46,849 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: 88/6/6 Blend
47$1,740,000$1,740,000$1,740,000$1,740,000
48$1,922,795$1,830,575$1,803,605$2,091,205
49$2,069,073$1,870,427$1,814,179$2,241,448
50$2,228,702$1,910,660$1,823,537$2,399,510
51$2,402,993$1,951,246$1,831,589$2,571,737
52$2,593,390$1,992,149$1,838,239$2,759,523
53$2,801,485$2,033,334$1,843,390$2,964,400
54$3,029,029$2,074,759$1,846,935$3,188,058
55$3,277,948$2,116,380$1,848,765$3,432,356
56$3,550,365$2,158,150$1,848,766$3,699,344
57$3,848,618$2,200,015$1,846,815$3,991,277
58$4,175,281$2,241,919$1,842,787$4,310,639
59$4,533,188$2,283,801$1,836,549$4,660,168
60$4,925,459$2,325,594$1,827,960$5,042,879
61$5,355,534$2,367,227$1,816,874$5,462,090
62$5,827,199$2,408,621$1,803,140$5,921,461
63$6,344,623$2,449,693$1,786,595$6,425,020
64$6,912,401$2,490,354$1,767,072$6,977,207
65$7,535,592$2,530,508$1,744,395$7,582,910
66$8,219,769$2,570,049$1,718,379$8,247,517
67$8,971,072$2,608,868$1,688,831$8,976,964
68$9,796,264$2,646,845$1,655,550$9,777,789
69$10,702,795$2,683,853$1,618,323$10,657,195
70$11,698,872$2,719,754$1,576,929$11,623,120
71$12,793,538$2,754,403$1,531,137$12,684,310
72$13,996,753$2,787,643$1,480,704$13,850,399
73$15,319,492$2,819,307$1,425,377$15,132,003
74$16,773,845$2,849,218$1,364,892$16,540,821
75$18,373,132$2,877,184$1,298,971$18,089,741
76$20,132,030$2,903,005$1,227,325$19,792,966
77$22,066,707$2,926,463$1,149,651$21,666,142
78$24,194,980$2,947,328$1,065,633$23,726,514
79$26,536,477$2,965,356$974,941$25,993,080
80$29,112,826$2,980,286$877,229$28,486,778
81$31,947,855$2,991,842$772,137$31,230,675
82$35,067,822$2,999,727$659,289$34,250,194
83$38,501,655$3,003,629$538,291$37,573,344
84$42,281,232$3,003,215$408,732$41,230,994
85$46,441,677$2,998,132$270,183$45,257,156
86$51,021,691$2,988,004$122,198$49,689,311
87$56,063,921$2,972,433$0$54,568,761
88$61,615,355$2,950,997$0$59,943,306
89$67,727,773$2,923,247$0$65,869,310
90$74,458,228$2,888,708$0$72,394,240
91$81,869,589$2,846,877$0$79,579,032
92$90,031,133$2,797,220$0$87,490,834
93$99,019,196$2,739,171$0$96,203,639
94$108,917,896$2,672,132$0$105,798,984
95$119,819,923$2,595,468$0$116,366,716
96$131,827,418$2,508,509$0$128,005,845
97$145,052,932$2,410,543$0$140,825,473
98$159,620,490$2,300,819$0$154,945,830
99$175,666,762$2,178,542$0$170,499,402
100$193,342,351$2,042,869$0$187,632,184