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

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 $1,770,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$146,165$144,863$143,593$142,353$141,142$136,460
2 years$72,359$71,011$69,705$68,439$67,211$62,539
3 years$47,760$46,407$45,104$43,849$42,641$38,127
4 years$35,463$34,114$32,824$31,591$30,412$26,089
5 years$28,087$26,746$25,473$24,265$23,119$18,999
6 years$23,171$21,840$20,586$19,405$18,293$14,380
7 years$19,661$18,341$17,107$15,954$14,877$11,170
8 years$17,030$15,722$14,508$13,383$12,342$8,838
9 years$14,984$13,689$12,496$11,400$10,394$7,089
10 years$13,349$12,066$10,894$9,827$8,856$5,745
11 years$12,012$10,741$9,591$8,552$7,616$4,693
12 years$10,898$9,641$8,512$7,501$6,600$3,858
13 years$9,957$8,713$7,605$6,623$5,756$3,188
14 years$9,150$7,920$6,833$5,879$5,045$2,645
15 years$8,452$7,235$6,169$5,243$4,442$2,201
16 years$7,842$6,638$5,593$4,694$3,926$1,837
17 years$7,304$6,113$5,090$4,218$3,481$1,537
18 years$6,826$5,649$4,646$3,801$3,095$1,288
19 years$6,399$5,235$4,253$3,435$2,759$1,081
20 years$6,016$4,865$3,904$3,111$2,464$909
21 years$5,669$4,531$3,590$2,823$2,205$764
22 years$5,354$4,230$3,309$2,567$1,977$644
23 years$5,067$3,956$3,055$2,338$1,774$542
24 years$4,805$3,707$2,826$2,132$1,595$457
25 years$4,563$3,478$2,617$1,947$1,435$386
26 years$4,341$3,269$2,427$1,780$1,293$326
27 years$4,135$3,077$2,254$1,630$1,166$275
28 years$3,945$2,899$2,095$1,493$1,052$232
29 years$3,768$2,735$1,950$1,369$950$196
30 years$3,603$2,583$1,816$1,257$858$166
31 years$3,449$2,442$1,693$1,154$776$140
32 years$3,305$2,310$1,580$1,061$702$118
33 years$3,170$2,188$1,475$975$635$100
34 years$3,043$2,074$1,378$897$575$85
35 years$2,924$1,967$1,289$826$521$72
36 years$2,811$1,867$1,205$761$472$61
37 years$2,705$1,773$1,128$701$428$51
38 years$2,605$1,685$1,057$646$388$43
39 years$2,510$1,602$990$596$352$37
40 years$2,420$1,524$928$550$319$31
41 years$2,335$1,451$870$507$289$26
42 years$2,253$1,382$816$468$263$22
43 years$2,176$1,317$766$432$238$19
44 years$2,103$1,255$719$399$216$16
45 years$2,033$1,197$675$368$196$13
46 years$1,966$1,142$634$340$178$11
47 years$1,903$1,090$596$314$162$10
48 years$1,842$1,040$560$290$147$8
49 years$1,784$993$526$268$134$7
50 years$1,728$949$495$248$121$6

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 $5,463 every year, while hoping to spend $31,016 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: 70/8/22 Blend
47$1,770,000$1,770,000$1,770,000$1,770,000
48$1,956,175$1,862,365$1,834,930$2,082,025
49$2,122,704$1,920,620$1,863,399$2,225,042
50$2,305,180$1,980,690$1,891,783$2,377,385
51$2,505,195$2,042,632$1,920,045$2,543,390
52$2,724,507$2,106,502$1,948,148$2,724,407
53$2,965,047$2,172,361$1,976,052$2,921,926
54$3,228,945$2,240,270$2,003,713$3,137,583
55$3,518,548$2,310,293$2,031,087$3,373,183
56$3,836,437$2,382,495$2,058,126$3,630,713
57$4,185,460$2,456,944$2,084,779$3,912,364
58$4,568,750$2,533,708$2,110,993$4,220,547
59$4,989,762$2,612,859$2,136,711$4,557,919
60$5,452,300$2,694,471$2,161,873$4,927,408
61$5,960,555$2,778,620$2,186,416$5,332,238
62$6,519,143$2,865,384$2,210,272$5,775,964
63$7,133,152$2,954,844$2,233,372$6,262,498
64$7,808,184$3,047,082$2,255,642$6,796,155
65$8,550,415$3,142,185$2,277,001$7,381,686
66$9,366,646$3,240,241$2,297,370$8,024,328
67$10,264,371$3,341,340$2,316,659$8,729,849
68$11,251,848$3,445,576$2,334,777$9,504,605
69$12,338,173$3,553,046$2,351,629$10,355,602
70$13,533,370$3,663,849$2,367,112$11,290,556
71$14,848,484$3,778,088$2,381,121$12,317,972
72$16,295,682$3,895,867$2,393,541$13,447,219
73$17,888,374$4,017,297$2,404,257$14,688,623
74$19,641,331$4,142,488$2,413,143$16,053,562
75$21,570,834$4,271,556$2,420,070$17,554,573
76$23,694,817$4,404,620$2,424,900$19,205,471
77$26,033,045$4,541,803$2,427,491$21,021,480
78$28,607,294$4,683,231$2,427,691$23,019,376
79$31,441,562$4,829,033$2,425,343$25,217,643
80$34,562,290$4,979,344$2,420,280$27,636,653
81$37,998,613$5,134,301$2,412,328$30,298,853
82$41,782,636$5,294,047$2,401,306$33,228,981
83$45,949,737$5,458,727$2,387,022$36,454,294
84$50,538,898$5,628,493$2,369,275$40,004,831
85$55,593,076$5,803,499$2,347,856$43,913,695
86$61,159,605$5,983,906$2,322,545$48,217,363
87$67,290,645$6,169,878$2,293,111$52,956,032
88$74,043,673$6,361,584$2,259,312$58,174,001
89$81,482,026$6,559,200$2,220,897$63,920,083
90$89,675,496$6,762,904$2,177,601$70,248,074
91$98,700,993$6,972,883$2,129,147$77,217,253
92$108,643,267$7,189,326$2,075,245$84,892,948
93$119,595,707$7,412,430$2,015,593$93,347,146
94$131,661,228$7,642,398$1,949,874$102,659,182
95$144,953,234$7,879,437$1,877,756$112,916,478
96$159,596,696$8,123,761$1,798,893$124,215,375
97$175,729,326$8,375,592$1,712,922$136,662,041
98$193,502,877$8,635,156$1,619,465$150,373,472
99$213,084,579$8,902,687$1,518,126$165,478,600
100$234,658,713$9,178,426$1,408,490$182,119,504