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%20%
1 years$144,513$143,226$141,970$140,744$139,547$133,958
2 years$71,541$70,209$68,918$67,666$66,451$60,890
3 years$47,220$45,882$44,594$43,354$42,159$36,802
4 years$35,062$33,728$32,453$31,234$30,068$24,955
5 years$27,769$26,443$25,185$23,991$22,858$18,001
6 years$22,909$21,593$20,353$19,186$18,086$13,490
7 years$19,439$18,134$16,914$15,774$14,709$10,372
8 years$16,837$15,544$14,344$13,232$12,203$8,119
9 years$14,815$13,534$12,355$11,271$10,276$6,441
10 years$13,198$11,929$10,771$9,716$8,756$5,160
11 years$11,876$10,620$9,483$8,455$7,530$4,167
12 years$10,775$9,532$8,416$7,417$6,526$3,384
13 years$9,844$8,614$7,519$6,548$5,691$2,762
14 years$9,047$7,830$6,756$5,812$4,988$2,263
15 years$8,357$7,153$6,099$5,184$4,392$1,860
16 years$7,753$6,563$5,530$4,641$3,882$1,532
17 years$7,221$6,044$5,032$4,170$3,442$1,265
18 years$6,749$5,585$4,594$3,758$3,060$1,046
19 years$6,327$5,176$4,205$3,396$2,728$866
20 years$5,948$4,810$3,859$3,076$2,436$718
21 years$5,605$4,480$3,550$2,791$2,180$595
22 years$5,294$4,182$3,272$2,538$1,954$494
23 years$5,010$3,911$3,021$2,311$1,754$411
24 years$4,750$3,665$2,794$2,108$1,577$341
25 years$4,512$3,439$2,588$1,925$1,419$284
26 years$4,292$3,232$2,400$1,760$1,278$236
27 years$4,089$3,042$2,229$1,611$1,152$196
28 years$3,900$2,866$2,072$1,476$1,040$164
29 years$3,725$2,704$1,928$1,354$939$136
30 years$3,562$2,554$1,796$1,242$848$113
31 years$3,410$2,414$1,674$1,141$767$94
32 years$3,268$2,284$1,562$1,049$694$79
33 years$3,134$2,163$1,458$964$628$65
34 years$3,009$2,050$1,363$887$568$55
35 years$2,891$1,945$1,274$817$515$45
36 years$2,779$1,846$1,192$752$467$38
37 years$2,674$1,753$1,116$693$423$32
38 years$2,575$1,666$1,045$639$383$26
39 years$2,481$1,584$979$589$348$22
40 years$2,393$1,507$917$543$315$18
41 years$2,308$1,435$860$501$286$15
42 years$2,228$1,366$807$463$260$13
43 years$2,152$1,302$757$427$236$11
44 years$2,079$1,241$711$394$214$9
45 years$2,010$1,183$667$364$194$7
46 years$1,944$1,129$627$336$176$6
47 years$1,881$1,077$589$311$160$5
48 years$1,821$1,028$553$287$145$4
49 years$1,764$982$520$265$132$4
50 years$1,709$938$489$245$120$3

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 $2,299 every year, while hoping to spend $32,124 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: 53/21/26 Blend
47$1,750,000$1,750,000$1,750,000$1,750,000
48$1,930,871$1,838,121$1,810,996$2,019,124
49$2,093,641$1,894,010$1,837,485$2,136,291
50$2,271,936$1,951,560$1,863,785$2,260,249
51$2,467,306$2,010,819$1,889,854$2,394,498
52$2,681,459$2,071,837$1,915,652$2,540,033
53$2,916,274$2,134,663$1,941,132$2,697,952
54$3,173,820$2,199,348$1,966,247$2,869,462
55$3,456,380$2,265,946$1,990,946$3,055,894
56$3,766,464$2,334,510$2,015,176$3,258,711
57$4,106,838$2,405,097$2,038,879$3,479,526
58$4,480,551$2,477,762$2,061,997$3,720,117
59$4,890,959$2,552,564$2,084,466$3,982,440
60$5,341,761$2,629,564$2,106,220$4,268,650
61$5,837,030$2,708,822$2,127,187$4,581,121
62$6,381,254$2,790,401$2,147,295$4,922,470
63$6,979,378$2,874,367$2,166,466$5,295,576
64$7,636,849$2,960,785$2,184,616$5,703,614
65$8,359,667$3,049,723$2,201,661$6,150,080
66$9,154,444$3,141,250$2,217,507$6,638,828
67$10,028,464$3,235,439$2,232,061$7,174,101
68$10,989,753$3,332,361$2,245,220$7,760,576
69$12,047,152$3,432,091$2,256,880$8,403,405
70$13,210,404$3,534,706$2,266,928$9,108,265
71$14,490,243$3,640,284$2,275,248$9,881,412
72$15,898,495$3,748,905$2,281,716$10,729,737
73$17,448,192$3,860,652$2,286,203$11,660,836
74$19,153,691$3,975,608$2,288,575$12,683,077
75$21,030,814$4,093,858$2,288,688$13,805,680
76$23,096,991$4,215,492$2,286,394$15,038,806
77$25,371,432$4,340,598$2,281,535$16,393,651
78$27,875,299$4,469,269$2,273,948$17,882,553
79$30,631,914$4,601,598$2,263,460$19,519,108
80$33,666,974$4,737,681$2,249,890$21,318,296
81$37,008,794$4,877,616$2,233,051$23,296,626
82$40,688,576$5,021,503$2,212,742$25,472,291
83$44,740,698$5,169,445$2,188,757$27,865,338
84$49,203,047$5,321,545$2,160,878$30,497,858
85$54,117,367$5,477,910$2,128,877$33,394,196
86$59,529,660$5,638,649$2,092,515$36,581,178
87$65,490,615$5,803,873$2,051,544$40,088,369
88$72,056,088$5,973,693$2,005,702$43,948,346
89$79,287,631$6,148,226$1,954,714$48,197,012
90$87,253,069$6,327,588$1,898,297$52,873,929
91$96,027,141$6,511,899$1,836,149$58,022,697
92$105,692,208$6,701,281$1,767,958$63,691,360
93$116,339,026$6,895,857$1,693,398$69,932,867
94$128,067,605$7,095,752$1,612,125$76,805,565
95$140,988,153$7,301,095$1,523,783$84,373,755
96$155,222,112$7,512,017$1,427,997$92,708,294
97$170,903,310$7,728,648$1,324,377$101,887,270
98$188,179,219$7,951,123$1,212,516$111,996,736
99$207,212,349$8,179,578$1,091,985$123,131,525
100$228,181,783$8,414,152$962,341$135,396,141