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

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 $1,740,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$143,688$142,408$141,159$139,940$138,750$136,171
2 years$71,132$69,808$68,524$67,279$66,071$63,483
3 years$46,951$45,620$44,339$43,106$41,918$39,401
4 years$34,862$33,536$32,268$31,056$29,897$27,470
5 years$27,611$26,292$25,041$23,854$22,727$20,397
6 years$22,778$21,470$20,237$19,076$17,983$15,753
7 years$19,328$18,030$16,817$15,683$14,625$12,496
8 years$16,741$15,455$14,262$13,156$12,133$10,104
9 years$14,730$13,457$12,284$11,206$10,218$8,287
10 years$13,122$11,861$10,709$9,660$8,706$6,872
11 years$11,808$10,559$9,428$8,407$7,487$5,749
12 years$10,713$9,478$8,367$7,374$6,488$4,842
13 years$9,788$8,565$7,476$6,510$5,658$4,102
14 years$8,995$7,785$6,717$5,779$4,960$3,490
15 years$8,309$7,112$6,065$5,154$4,367$2,982
16 years$7,709$6,525$5,498$4,615$3,860$2,555
17 years$7,180$6,009$5,003$4,146$3,422$2,196
18 years$6,711$5,553$4,567$3,737$3,043$1,891
19 years$6,291$5,146$4,181$3,376$2,712$1,632
20 years$5,914$4,782$3,837$3,058$2,423$1,410
21 years$5,573$4,455$3,530$2,775$2,168$1,221
22 years$5,263$4,158$3,253$2,523$1,943$1,058
23 years$4,981$3,889$3,004$2,298$1,744$918
24 years$4,723$3,644$2,778$2,096$1,568$797
25 years$4,486$3,419$2,573$1,914$1,411$692
26 years$4,267$3,214$2,386$1,750$1,271$602
27 years$4,065$3,025$2,216$1,602$1,146$524
28 years$3,878$2,850$2,060$1,468$1,034$456
29 years$3,704$2,689$1,917$1,346$934$397
30 years$3,542$2,539$1,786$1,235$843$346
31 years$3,391$2,400$1,665$1,135$763$301
32 years$3,249$2,271$1,553$1,043$690$263
33 years$3,116$2,151$1,450$959$624$229
34 years$2,991$2,039$1,355$882$565$200
35 years$2,874$1,934$1,267$812$512$174
36 years$2,764$1,835$1,185$748$464$152
37 years$2,659$1,743$1,109$689$420$133
38 years$2,561$1,656$1,039$635$381$116
39 years$2,467$1,575$973$586$346$101
40 years$2,379$1,499$912$540$313$88
41 years$2,295$1,427$855$498$284$77
42 years$2,215$1,359$802$460$258$67
43 years$2,139$1,294$753$425$234$59
44 years$2,067$1,234$707$392$213$51
45 years$1,999$1,177$664$362$193$45
46 years$1,933$1,122$623$334$175$39
47 years$1,871$1,071$585$309$159$34
48 years$1,811$1,023$550$286$145$30
49 years$1,754$977$517$264$131$26
50 years$1,699$933$486$244$119$23

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 $5,391 every year, while hoping to spend $56,556 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: 68/15/17 Blend
47$1,740,000$1,740,000$1,740,000$1,740,000
48$1,923,041$1,830,821$1,803,851$2,045,599
49$2,059,016$1,860,356$1,804,105$2,157,602
50$2,206,965$1,889,443$1,802,472$2,272,915
51$2,368,049$1,917,999$1,798,828$2,397,640
52$2,543,548$1,945,939$1,793,046$2,532,698
53$2,734,866$1,973,167$1,784,990$2,679,105
54$2,943,554$1,999,583$1,774,519$2,837,980
55$3,171,314$2,025,080$1,761,483$3,010,559
56$3,420,022$2,049,543$1,745,727$3,198,200
57$3,691,744$2,072,850$1,727,088$3,402,404
58$3,988,752$2,094,870$1,705,395$3,624,824
59$4,313,549$2,115,463$1,680,470$3,867,281
60$4,668,890$2,134,480$1,652,125$4,131,785
61$5,057,810$2,151,763$1,620,165$4,420,550
62$5,483,650$2,167,142$1,584,383$4,736,017
63$5,950,088$2,180,438$1,544,567$5,080,878
64$6,461,178$2,191,460$1,500,490$5,458,099
65$7,021,379$2,200,003$1,451,918$5,870,951
66$7,635,609$2,205,852$1,398,605$6,323,040
67$8,309,277$2,208,775$1,340,296$6,818,340
68$9,048,348$2,208,530$1,276,720$7,361,234
69$9,859,387$2,204,855$1,207,597$7,956,553
70$10,749,627$2,197,475$1,132,634$8,609,622
71$11,727,036$2,186,099$1,051,525$9,326,313
72$12,800,390$2,170,414$963,948$10,113,096
73$13,979,359$2,150,093$869,568$10,977,107
74$15,274,592$2,124,786$768,037$11,926,211
75$16,697,823$2,094,123$658,989$12,969,078
76$18,261,978$2,057,713$542,042$14,115,267
77$19,981,297$2,015,138$416,799$15,375,314
78$21,871,470$1,965,961$282,842$16,760,832
79$23,949,782$1,909,714$139,739$18,284,626
80$26,235,274$1,845,905$0$19,960,810
81$28,748,930$1,774,012$0$21,807,294
82$31,513,864$1,693,482$0$23,866,077
83$34,555,547$1,603,731$0$26,130,778
84$37,902,040$1,504,142$0$28,622,328
85$41,584,264$1,394,060$0$31,363,794
86$45,636,285$1,272,795$0$34,380,595
87$50,095,640$1,139,616$0$37,700,745
88$55,003,690$993,752$0$41,355,115
89$60,406,008$834,387$0$45,377,727
90$66,352,808$660,659$0$49,806,073
91$72,899,421$471,658$0$54,681,473
92$80,106,815$266,423$0$60,049,462
93$88,042,171$43,939$0$65,960,222
94$96,779,514$0$0$72,469,054
95$106,400,412$0$0$79,669,400
96$116,994,748$0$0$87,606,392
97$128,661,563$0$0$96,346,996
98$141,509,994$0$0$105,972,991
99$155,660,301$0$0$116,574,493
100$171,245,002$0$0$128,250,805