Can I retire at age 48 with 1,770,000?

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 $1,770,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$146,165$144,863$143,593$142,353$141,142$138,293
2 years$72,359$71,011$69,705$68,439$67,211$64,352
3 years$47,760$46,407$45,104$43,849$42,641$39,863
4 years$35,463$34,114$32,824$31,591$30,412$27,736
5 years$28,087$26,746$25,473$24,265$23,119$20,552
6 years$23,171$21,840$20,586$19,405$18,293$15,838
7 years$19,661$18,341$17,107$15,954$14,877$12,535
8 years$17,030$15,722$14,508$13,383$12,342$10,112
9 years$14,984$13,689$12,496$11,400$10,394$8,274
10 years$13,349$12,066$10,894$9,827$8,856$6,845
11 years$12,012$10,741$9,591$8,552$7,616$5,711
12 years$10,898$9,641$8,512$7,501$6,600$4,798
13 years$9,957$8,713$7,605$6,623$5,756$4,053
14 years$9,150$7,920$6,833$5,879$5,045$3,440
15 years$8,452$7,235$6,169$5,243$4,442$2,930
16 years$7,842$6,638$5,593$4,694$3,926$2,504
17 years$7,304$6,113$5,090$4,218$3,481$2,146
18 years$6,826$5,649$4,646$3,801$3,095$1,843
19 years$6,399$5,235$4,253$3,435$2,759$1,585
20 years$6,016$4,865$3,904$3,111$2,464$1,366
21 years$5,669$4,531$3,590$2,823$2,205$1,179
22 years$5,354$4,230$3,309$2,567$1,977$1,018
23 years$5,067$3,956$3,055$2,338$1,774$881
24 years$4,805$3,707$2,826$2,132$1,595$762
25 years$4,563$3,478$2,617$1,947$1,435$660
26 years$4,341$3,269$2,427$1,780$1,293$572
27 years$4,135$3,077$2,254$1,630$1,166$496
28 years$3,945$2,899$2,095$1,493$1,052$431
29 years$3,768$2,735$1,950$1,369$950$374
30 years$3,603$2,583$1,816$1,257$858$324
31 years$3,449$2,442$1,693$1,154$776$282
32 years$3,305$2,310$1,580$1,061$702$245
33 years$3,170$2,188$1,475$975$635$213
34 years$3,043$2,074$1,378$897$575$185
35 years$2,924$1,967$1,289$826$521$161
36 years$2,811$1,867$1,205$761$472$140
37 years$2,705$1,773$1,128$701$428$122
38 years$2,605$1,685$1,057$646$388$106
39 years$2,510$1,602$990$596$352$92
40 years$2,420$1,524$928$550$319$80
41 years$2,335$1,451$870$507$289$70
42 years$2,253$1,382$816$468$263$61
43 years$2,176$1,317$766$432$238$53
44 years$2,103$1,255$719$399$216$46
45 years$2,033$1,197$675$368$196$40
46 years$1,966$1,142$634$340$178$35
47 years$1,903$1,090$596$314$162$30
48 years$1,842$1,040$560$290$147$26
49 years$1,784$993$526$268$134$23
50 years$1,728$949$495$248$121$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,770,000, adding $6,837 every year, while hoping to spend $45,396 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: 37/37/26 Blend
47$1,770,000$1,770,000$1,770,000$1,770,000
48$1,957,592$1,863,782$1,836,347$2,014,568
49$2,108,966$1,906,807$1,849,564$2,100,114
50$2,274,258$1,950,418$1,861,702$2,187,797
51$2,454,840$1,994,596$1,872,677$2,281,625
52$2,652,223$2,039,321$1,882,401$2,382,183
53$2,868,069$2,084,567$1,890,781$2,490,113
54$3,104,210$2,130,308$1,897,719$2,606,125
55$3,362,659$2,176,513$1,903,113$2,731,003
56$3,645,638$2,223,150$1,906,855$2,865,610
57$3,955,590$2,270,182$1,908,832$3,010,898
58$4,295,208$2,317,568$1,908,925$3,167,917
59$4,667,455$2,365,265$1,907,010$3,337,824
60$5,075,597$2,413,224$1,902,956$3,521,899
61$5,523,229$2,461,393$1,896,626$3,721,550
62$6,014,312$2,509,715$1,887,877$3,938,331
63$6,553,208$2,558,128$1,876,557$4,173,956
64$7,144,724$2,606,564$1,862,510$4,430,317
65$7,794,150$2,654,951$1,845,569$4,709,499
66$8,507,320$2,703,209$1,825,562$5,013,803
67$9,290,655$2,751,255$1,802,307$5,345,765
68$10,151,231$2,798,996$1,775,613$5,708,185
69$11,096,844$2,846,333$1,745,283$6,104,149
70$12,136,079$2,893,161$1,711,108$6,537,062
71$13,278,399$2,939,365$1,672,869$7,010,678
72$14,534,224$2,984,823$1,630,339$7,529,138
73$15,915,039$3,029,404$1,583,280$8,097,010
74$17,433,495$3,072,966$1,531,441$8,719,330
75$19,103,529$3,115,359$1,474,562$9,401,653
76$20,940,499$3,156,422$1,412,370$10,150,106
77$22,961,325$3,195,981$1,344,579$10,971,442
78$25,184,649$3,233,854$1,270,892$11,873,113
79$27,631,012$3,269,842$1,190,996$12,863,334
80$30,323,047$3,303,735$1,104,565$13,951,164
81$33,285,689$3,335,310$1,011,260$15,146,592
82$36,546,417$3,364,327$910,725$16,460,634
83$40,135,505$3,390,532$802,587$17,905,435
84$44,086,312$3,413,654$686,459$19,494,389
85$48,435,597$3,433,404$561,937$21,242,262
86$53,223,861$3,449,475$428,596$23,165,337
87$58,495,736$3,461,540$285,994$25,281,565
88$64,300,398$3,469,252$133,672$27,610,740
89$70,692,035$3,472,242$0$30,174,683
90$77,730,358$3,470,118$0$33,005,469
91$85,481,165$3,462,463$0$36,161,704
92$94,016,956$3,448,836$0$39,635,656
93$103,417,624$3,428,768$0$43,459,717
94$113,771,205$3,401,761$0$47,669,588
95$125,174,709$3,367,288$0$52,304,619
96$137,735,033$3,324,789$0$57,408,176
97$151,569,974$3,273,672$0$63,028,061
98$166,809,337$3,213,307$0$69,216,953
99$183,596,161$3,143,031$0$76,032,917
100$202,088,067$3,062,137$0$83,539,945