Can I retire at age 48 with 1,750,000?

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 $1,750,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$144,513$143,226$141,970$140,744$139,547$138,901
2 years$71,541$70,209$68,918$67,666$66,451$65,799
3 years$47,220$45,882$44,594$43,354$42,159$41,521
4 years$35,062$33,728$32,453$31,234$30,068$29,449
5 years$27,769$26,443$25,185$23,991$22,858$22,259
6 years$22,909$21,593$20,353$19,186$18,086$17,510
7 years$19,439$18,134$16,914$15,774$14,709$14,154
8 years$16,837$15,544$14,344$13,232$12,203$11,670
9 years$14,815$13,534$12,355$11,271$10,276$9,765
10 years$13,198$11,929$10,771$9,716$8,756$8,267
11 years$11,876$10,620$9,483$8,455$7,530$7,062
12 years$10,775$9,532$8,416$7,417$6,526$6,079
13 years$9,844$8,614$7,519$6,548$5,691$5,264
14 years$9,047$7,830$6,756$5,812$4,988$4,582
15 years$8,357$7,153$6,099$5,184$4,392$4,005
16 years$7,753$6,563$5,530$4,641$3,882$3,514
17 years$7,221$6,044$5,032$4,170$3,442$3,092
18 years$6,749$5,585$4,594$3,758$3,060$2,729
19 years$6,327$5,176$4,205$3,396$2,728$2,413
20 years$5,948$4,810$3,859$3,076$2,436$2,139
21 years$5,605$4,480$3,550$2,791$2,180$1,899
22 years$5,294$4,182$3,272$2,538$1,954$1,688
23 years$5,010$3,911$3,021$2,311$1,754$1,503
24 years$4,750$3,665$2,794$2,108$1,577$1,340
25 years$4,512$3,439$2,588$1,925$1,419$1,196
26 years$4,292$3,232$2,400$1,760$1,278$1,068
27 years$4,089$3,042$2,229$1,611$1,152$955
28 years$3,900$2,866$2,072$1,476$1,040$854
29 years$3,725$2,704$1,928$1,354$939$764
30 years$3,562$2,554$1,796$1,242$848$685
31 years$3,410$2,414$1,674$1,141$767$614
32 years$3,268$2,284$1,562$1,049$694$550
33 years$3,134$2,163$1,458$964$628$493
34 years$3,009$2,050$1,363$887$568$443
35 years$2,891$1,945$1,274$817$515$397
36 years$2,779$1,846$1,192$752$467$357
37 years$2,674$1,753$1,116$693$423$320
38 years$2,575$1,666$1,045$639$383$288
39 years$2,481$1,584$979$589$348$258
40 years$2,393$1,507$917$543$315$232
41 years$2,308$1,435$860$501$286$209
42 years$2,228$1,366$807$463$260$188
43 years$2,152$1,302$757$427$236$169
44 years$2,079$1,241$711$394$214$152
45 years$2,010$1,183$667$364$194$136
46 years$1,944$1,129$627$336$176$123
47 years$1,881$1,077$589$311$160$110
48 years$1,821$1,028$553$287$145$99
49 years$1,764$982$520$265$132$89
50 years$1,709$938$489$245$120$80

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,750,000, adding $2,945 every year, while hoping to spend $37,994 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: 31/47/22 Blend
47$1,750,000$1,750,000$1,750,000$1,750,000
48$1,931,538$1,838,788$1,811,663$1,978,159
49$2,088,129$1,888,463$1,831,928$2,063,448
50$2,259,420$1,939,299$1,851,599$2,151,580
51$2,446,868$1,991,312$1,870,615$2,245,665
52$2,652,082$2,044,520$1,888,914$2,346,248
53$2,876,829$2,098,936$1,906,428$2,453,924
54$3,123,060$2,154,578$1,923,087$2,569,351
55$3,392,919$2,211,459$1,938,817$2,693,253
56$3,688,769$2,269,593$1,953,540$2,826,427
57$4,013,214$2,328,994$1,967,175$2,969,748
58$4,369,121$2,389,674$1,979,634$3,124,184
59$4,759,647$2,451,643$1,990,827$3,290,797
60$5,188,270$2,514,913$2,000,658$3,470,760
61$5,658,821$2,579,491$2,009,028$3,665,363
62$6,175,521$2,645,386$2,015,831$3,876,028
63$6,743,019$2,712,605$2,020,956$4,104,321
64$7,366,435$2,781,151$2,024,287$4,351,967
65$8,051,413$2,851,029$2,025,701$4,620,868
66$8,804,166$2,922,239$2,025,072$4,913,119
67$9,631,543$2,994,780$2,022,264$5,231,028
68$10,541,087$3,068,651$2,017,136$5,577,139
69$11,541,109$3,143,846$2,009,541$5,954,256
70$12,640,766$3,220,358$1,999,324$6,365,467
71$13,850,145$3,298,176$1,986,323$6,814,177
72$15,180,361$3,377,289$1,970,366$7,304,138
73$16,643,661$3,457,679$1,951,276$7,839,486
74$18,253,537$3,539,327$1,928,866$8,424,778
75$20,024,855$3,622,211$1,902,940$9,065,037
76$21,973,995$3,706,305$1,873,294$9,765,799
77$24,119,006$3,791,577$1,839,713$10,533,166
78$26,479,773$3,877,993$1,801,972$11,373,864
79$29,078,208$3,965,513$1,759,836$12,295,306
80$31,938,455$4,054,093$1,713,060$13,305,660
81$35,087,117$4,143,683$1,661,387$14,413,934
82$38,553,506$4,234,227$1,604,547$15,630,053
83$42,369,924$4,325,664$1,542,259$16,964,956
84$46,571,961$4,417,927$1,474,230$18,430,703
85$51,198,836$4,510,939$1,400,151$20,040,584
86$56,293,762$4,604,621$1,319,701$21,809,250
87$61,904,360$4,698,881$1,232,545$23,752,848
88$68,083,100$4,793,621$1,138,331$25,889,174
89$74,887,803$4,888,736$1,036,692$28,237,846
90$82,382,184$4,984,108$927,246$30,820,486
91$90,636,449$5,079,612$809,591$33,660,925
92$99,727,965$5,175,112$683,311$36,785,431
93$109,741,984$5,270,458$547,968$40,222,956
94$120,772,448$5,365,492$403,106$44,005,409
95$132,922,878$5,460,042$248,251$48,167,964
96$146,307,348$5,553,921$82,904$52,749,386
97$161,051,564$5,646,929$0$57,792,403
98$177,294,047$5,738,853$0$63,366,066
99$195,187,444$5,829,460$0$69,522,518
100$214,899,963$5,918,503$0$76,299,617