Can I retire at age 48 with 1,760,000?

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 $1,760,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$145,339$144,045$142,781$141,549$140,345$136,841
2 years$71,950$70,610$69,311$68,052$66,831$63,323
3 years$47,490$46,144$44,849$43,602$42,400$38,998
4 years$35,263$33,921$32,639$31,413$30,240$26,970
5 years$27,928$26,595$25,329$24,128$22,988$19,859
6 years$23,040$21,716$20,470$19,295$18,190$15,204
7 years$19,550$18,237$17,010$15,864$14,793$11,952
8 years$16,933$15,633$14,426$13,308$12,272$9,574
9 years$14,900$13,611$12,425$11,335$10,335$7,778
10 years$13,273$11,998$10,833$9,771$8,806$6,387
11 years$11,944$10,681$9,537$8,504$7,573$5,288
12 years$10,836$9,586$8,464$7,459$6,563$4,408
13 years$9,900$8,663$7,562$6,585$5,723$3,694
14 years$9,099$7,875$6,794$5,846$5,017$3,110
15 years$8,404$7,194$6,134$5,213$4,417$2,627
16 years$7,797$6,600$5,562$4,668$3,904$2,226
17 years$7,263$6,078$5,061$4,194$3,461$1,891
18 years$6,788$5,617$4,620$3,780$3,078$1,609
19 years$6,363$5,206$4,229$3,415$2,743$1,372
20 years$5,982$4,837$3,881$3,093$2,450$1,172
21 years$5,637$4,506$3,570$2,807$2,193$1,002
22 years$5,324$4,206$3,290$2,552$1,966$858
23 years$5,039$3,934$3,038$2,325$1,764$735
24 years$4,777$3,686$2,810$2,120$1,586$630
25 years$4,538$3,459$2,602$1,936$1,427$540
26 years$4,316$3,251$2,414$1,770$1,285$464
27 years$4,112$3,059$2,241$1,620$1,159$398
28 years$3,923$2,883$2,084$1,485$1,046$342
29 years$3,747$2,720$1,939$1,361$944$294
30 years$3,583$2,568$1,806$1,250$853$253
31 years$3,429$2,428$1,684$1,148$771$218
32 years$3,286$2,297$1,571$1,055$698$187
33 years$3,152$2,176$1,467$970$631$161
34 years$3,026$2,062$1,370$892$572$139
35 years$2,907$1,956$1,281$821$518$119
36 years$2,795$1,856$1,199$757$469$103
37 years$2,690$1,763$1,122$697$425$88
38 years$2,590$1,676$1,051$642$386$76
39 years$2,496$1,593$984$592$350$65
40 years$2,406$1,516$923$546$317$56
41 years$2,321$1,443$865$504$288$49
42 years$2,241$1,374$811$465$261$42
43 years$2,164$1,309$761$429$237$36
44 years$2,091$1,248$715$397$215$31
45 years$2,022$1,190$671$366$195$27
46 years$1,955$1,135$630$338$177$23
47 years$1,892$1,083$592$313$161$20
48 years$1,832$1,034$557$289$146$17
49 years$1,774$988$523$267$133$15
50 years$1,718$944$492$247$121$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,760,000, adding $2,842 every year, while hoping to spend $39,363 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: 89/5/6 Blend
47$1,760,000$1,760,000$1,760,000$1,760,000
48$1,942,452$1,849,172$1,821,892$2,114,803
49$2,098,700$1,897,899$1,841,043$2,276,059
50$2,269,566$1,947,695$1,859,517$2,447,524
51$2,456,499$1,998,570$1,877,248$2,634,763
52$2,661,097$2,050,534$1,894,171$2,839,336
53$2,885,115$2,103,597$1,910,212$3,062,964
54$3,130,489$2,157,766$1,925,296$3,307,542
55$3,399,352$2,213,048$1,939,346$3,575,154
56$3,694,048$2,269,451$1,952,277$3,868,098
57$4,017,165$2,326,978$1,964,003$4,188,905
58$4,371,549$2,385,633$1,974,430$4,540,362
59$4,760,337$2,445,418$1,983,462$4,925,539
60$5,186,981$2,506,334$1,990,998$5,347,817
61$5,655,288$2,568,378$1,996,931$5,810,921
62$6,169,447$2,631,549$2,001,149$6,318,956
63$6,734,077$2,695,841$2,003,533$6,876,441
64$7,354,262$2,761,247$2,003,961$7,488,358
65$8,035,605$2,827,756$2,002,302$8,160,191
66$8,784,278$2,895,358$1,998,421$8,897,986
67$9,607,081$2,964,037$1,992,174$9,708,403
68$10,511,504$3,033,776$1,983,413$10,598,777
69$11,505,801$3,104,553$1,971,980$11,577,192
70$12,599,062$3,176,346$1,957,711$12,652,555
71$13,801,305$3,249,126$1,940,433$13,834,679
72$15,123,567$3,322,862$1,919,967$15,134,374
73$16,578,008$3,397,519$1,896,122$16,563,553
74$18,178,024$3,473,057$1,868,702$18,135,343
75$19,938,377$3,549,431$1,837,498$19,864,206
76$21,875,332$3,626,593$1,802,294$21,766,078
77$24,006,807$3,704,489$1,762,863$23,858,518
78$26,352,550$3,783,057$1,718,967$26,160,874
79$28,934,315$3,862,232$1,670,358$28,694,464
80$31,776,075$3,941,941$1,616,775$31,482,783
81$34,904,244$4,022,105$1,557,946$34,551,714
82$38,347,928$4,102,639$1,493,588$37,929,781
83$42,139,195$4,183,447$1,423,402$41,648,417
84$46,313,385$4,264,428$1,347,078$45,742,254
85$50,909,436$4,345,471$1,264,291$50,249,458
86$55,970,255$4,426,455$1,174,701$55,212,084
87$61,543,121$4,507,252$1,077,953$60,676,474
88$67,680,132$4,587,720$973,678$66,693,694
89$74,438,697$4,667,709$861,487$73,320,019
90$81,882,073$4,747,056$740,976$80,617,457
91$90,079,969$4,825,586$611,723$88,654,341
92$99,109,197$4,903,111$473,287$97,505,971
93$109,054,399$4,979,428$325,206$107,255,324
94$120,008,848$5,054,320$167,001$117,993,838
95$132,075,325$5,127,556$0$129,822,276
96$145,367,088$5,198,886$0$142,851,792
97$160,008,943$5,268,043$0$157,216,047
98$176,138,421$5,334,743$0$173,039,209
99$193,907,075$5,398,682$0$190,469,904
100$213,481,913$5,459,533$0$209,671,911