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%12.8%
1 years$145,339$144,045$142,781$141,549$140,345$138,706
2 years$71,950$70,610$69,311$68,052$66,831$65,181
3 years$47,490$46,144$44,849$43,602$42,400$40,791
4 years$35,263$33,921$32,639$31,413$30,240$28,684
5 years$27,928$26,595$25,329$24,128$22,988$21,490
6 years$23,040$21,716$20,470$19,295$18,190$16,750
7 years$19,550$18,237$17,010$15,864$14,793$13,414
8 years$16,933$15,633$14,426$13,308$12,272$10,953
9 years$14,900$13,611$12,425$11,335$10,335$9,074
10 years$13,273$11,998$10,833$9,771$8,806$7,604
11 years$11,944$10,681$9,537$8,504$7,573$6,428
12 years$10,836$9,586$8,464$7,459$6,563$5,474
13 years$9,900$8,663$7,562$6,585$5,723$4,689
14 years$9,099$7,875$6,794$5,846$5,017$4,036
15 years$8,404$7,194$6,134$5,213$4,417$3,488
16 years$7,797$6,600$5,562$4,668$3,904$3,025
17 years$7,263$6,078$5,061$4,194$3,461$2,631
18 years$6,788$5,617$4,620$3,780$3,078$2,294
19 years$6,363$5,206$4,229$3,415$2,743$2,004
20 years$5,982$4,837$3,881$3,093$2,450$1,754
21 years$5,637$4,506$3,570$2,807$2,193$1,538
22 years$5,324$4,206$3,290$2,552$1,966$1,350
23 years$5,039$3,934$3,038$2,325$1,764$1,187
24 years$4,777$3,686$2,810$2,120$1,586$1,044
25 years$4,538$3,459$2,602$1,936$1,427$919
26 years$4,316$3,251$2,414$1,770$1,285$810
27 years$4,112$3,059$2,241$1,620$1,159$715
28 years$3,923$2,883$2,084$1,485$1,046$631
29 years$3,747$2,720$1,939$1,361$944$557
30 years$3,583$2,568$1,806$1,250$853$492
31 years$3,429$2,428$1,684$1,148$771$435
32 years$3,286$2,297$1,571$1,055$698$384
33 years$3,152$2,176$1,467$970$631$340
34 years$3,026$2,062$1,370$892$572$301
35 years$2,907$1,956$1,281$821$518$266
36 years$2,795$1,856$1,199$757$469$235
37 years$2,690$1,763$1,122$697$425$208
38 years$2,590$1,676$1,051$642$386$185
39 years$2,496$1,593$984$592$350$163
40 years$2,406$1,516$923$546$317$145
41 years$2,321$1,443$865$504$288$128
42 years$2,241$1,374$811$465$261$114
43 years$2,164$1,309$761$429$237$101
44 years$2,091$1,248$715$397$215$89
45 years$2,022$1,190$671$366$195$79
46 years$1,955$1,135$630$338$177$70
47 years$1,892$1,083$592$313$161$62
48 years$1,832$1,034$557$289$146$55
49 years$1,774$988$523$267$133$49
50 years$1,718$944$492$247$121$43

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 $6,509 every year, while hoping to spend $45,859 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: 61/12/27 Blend
47$1,760,000$1,760,000$1,760,000$1,760,000
48$1,946,234$1,852,954$1,825,674$2,050,475
49$2,095,956$1,894,955$1,838,040$2,164,141
50$2,259,413$1,937,477$1,849,284$2,282,629
51$2,437,957$1,980,498$1,859,319$2,410,988
52$2,633,078$2,023,991$1,868,055$2,550,190
53$2,846,413$2,067,928$1,875,397$2,701,308
54$3,079,769$2,112,278$1,881,244$2,865,523
55$3,335,132$2,157,007$1,885,493$3,044,138
56$3,614,692$2,202,076$1,888,032$3,238,588
57$3,920,856$2,247,443$1,888,747$3,450,456
58$4,256,279$2,293,064$1,887,516$3,681,485
59$4,623,884$2,338,888$1,884,212$3,933,600
60$5,026,889$2,384,862$1,878,702$4,208,918
61$5,468,838$2,430,927$1,870,845$4,509,778
62$5,953,636$2,477,019$1,860,495$4,838,755
63$6,485,583$2,523,069$1,847,497$5,198,688
64$7,069,415$2,569,003$1,831,692$5,592,707
65$7,710,352$2,614,740$1,812,910$6,024,262
66$8,414,139$2,660,194$1,790,974$6,497,158
67$9,187,109$2,705,271$1,765,699$7,015,586
68$10,036,235$2,749,870$1,736,891$7,584,168
69$10,969,202$2,793,885$1,704,347$8,208,000
70$11,994,473$2,837,198$1,667,856$8,892,698
71$13,121,374$2,879,685$1,627,194$9,644,453
72$14,360,178$2,921,213$1,582,129$10,470,088
73$15,722,204$2,961,640$1,532,417$11,377,128
74$17,219,920$3,000,812$1,477,805$12,373,864
75$18,867,067$3,038,566$1,418,026$13,469,438
76$20,678,779$3,074,728$1,352,801$14,673,925
77$22,671,736$3,109,111$1,281,841$15,998,431
78$24,864,311$3,141,515$1,204,841$17,455,199
79$27,276,751$3,171,729$1,121,483$19,057,723
80$29,931,362$3,199,527$1,031,435$20,820,878
81$32,852,724$3,224,666$934,351$22,761,060
82$36,067,918$3,246,891$829,868$24,896,340
83$39,606,784$3,265,928$717,608$27,246,638
84$43,502,204$3,281,486$597,175$29,833,909
85$47,790,405$3,293,255$468,157$32,682,354
86$52,511,308$3,300,906$330,122$35,818,647
87$57,708,901$3,304,091$182,621$39,272,188
88$63,431,655$3,302,436$25,184$43,075,382
89$69,732,977$3,295,549$0$47,263,946
90$76,671,719$3,283,010$0$51,918,394
91$84,312,732$3,264,375$0$57,051,383
92$92,727,474$3,239,172$0$62,703,626
93$101,994,687$3,206,902$0$68,927,992
94$112,201,139$3,167,035$0$75,782,741
95$123,442,444$3,119,009$0$83,332,072
96$135,823,961$3,062,228$0$91,646,735
97$149,461,790$2,996,062$0$100,804,695
98$164,483,866$2,919,843$0$110,891,865
99$181,031,169$2,832,864$0$122,002,926
100$199,259,051$2,734,376$0$134,242,212