Can I retire at age 48 with 1,780,000?

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 $1,780,000?

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$146,991$145,681$144,404$143,157$141,940$139,074
2 years$72,768$71,412$70,099$68,826$67,590$64,716
3 years$48,030$46,669$45,359$44,097$42,882$40,088
4 years$35,663$34,307$33,010$31,770$30,584$27,892
5 years$28,246$26,897$25,617$24,402$23,249$20,668
6 years$23,302$21,963$20,702$19,515$18,396$15,928
7 years$19,772$18,445$17,204$16,044$14,961$12,606
8 years$17,126$15,810$14,590$13,459$12,412$10,169
9 years$15,069$13,766$12,566$11,464$10,453$8,321
10 years$13,424$12,134$10,956$9,882$8,906$6,883
11 years$12,079$10,802$9,645$8,600$7,660$5,743
12 years$10,960$9,695$8,560$7,544$6,638$4,825
13 years$10,013$8,762$7,648$6,660$5,788$4,076
14 years$9,202$7,964$6,871$5,912$5,074$3,459
15 years$8,500$7,275$6,204$5,272$4,467$2,947
16 years$7,886$6,675$5,625$4,721$3,948$2,518
17 years$7,345$6,148$5,118$4,242$3,501$2,158
18 years$6,865$5,681$4,672$3,823$3,113$1,853
19 years$6,436$5,265$4,277$3,454$2,774$1,594
20 years$6,050$4,892$3,926$3,128$2,478$1,374
21 years$5,701$4,557$3,611$2,839$2,218$1,185
22 years$5,384$4,254$3,328$2,581$1,988$1,024
23 years$5,096$3,978$3,073$2,351$1,784$886
24 years$4,832$3,728$2,842$2,144$1,604$767
25 years$4,589$3,498$2,632$1,958$1,443$664
26 years$4,366$3,288$2,441$1,790$1,300$575
27 years$4,159$3,094$2,267$1,639$1,172$499
28 years$3,967$2,916$2,107$1,502$1,058$433
29 years$3,789$2,750$1,961$1,377$955$376
30 years$3,623$2,598$1,827$1,264$863$326
31 years$3,468$2,456$1,703$1,161$780$283
32 years$3,324$2,323$1,589$1,067$706$246
33 years$3,188$2,200$1,483$981$639$214
34 years$3,060$2,085$1,386$902$578$186
35 years$2,940$1,978$1,296$831$524$162
36 years$2,827$1,877$1,212$765$475$141
37 years$2,720$1,783$1,135$705$430$122
38 years$2,619$1,695$1,063$650$390$106
39 years$2,524$1,611$995$599$354$92
40 years$2,434$1,533$933$553$321$80
41 years$2,348$1,459$875$510$291$70
42 years$2,266$1,390$821$471$264$61
43 years$2,189$1,324$770$434$240$53
44 years$2,115$1,262$723$401$217$46
45 years$2,045$1,204$679$370$197$40
46 years$1,978$1,148$638$342$179$35
47 years$1,914$1,096$599$316$163$30
48 years$1,852$1,046$563$292$148$26
49 years$1,794$999$529$270$134$23
50 years$1,738$954$497$250$122$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,780,000, adding $3,383 every year, while hoping to spend $56,594 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: 56/34/10 Blend
47$1,780,000$1,780,000$1,780,000$1,780,000
48$1,965,050$1,870,710$1,843,120$2,070,096
49$2,105,269$1,902,159$1,844,648$2,172,916
50$2,257,894$1,933,252$1,844,332$2,278,308
51$2,424,130$1,963,913$1,842,048$2,391,746
52$2,605,305$1,994,057$1,837,670$2,514,007
53$2,802,877$2,023,597$1,831,063$2,645,946
54$3,018,454$2,052,437$1,822,087$2,788,507
55$3,253,805$2,080,476$1,810,596$2,942,730
56$3,510,878$2,107,603$1,796,435$3,109,763
57$3,791,815$2,133,703$1,779,443$3,290,869
58$4,098,976$2,158,651$1,759,451$3,487,444
59$4,434,961$2,182,314$1,736,282$3,701,025
60$4,802,630$2,204,550$1,709,750$3,933,309
61$5,205,132$2,225,208$1,679,661$4,186,165
62$5,645,938$2,244,125$1,645,812$4,461,657
63$6,128,868$2,261,131$1,607,991$4,762,058
64$6,658,128$2,276,042$1,565,974$5,089,876
65$7,238,353$2,288,664$1,519,530$5,447,879
66$7,874,645$2,298,788$1,468,414$5,839,116
67$8,572,625$2,306,195$1,412,372$6,266,951
68$9,338,484$2,310,650$1,351,138$6,735,094
69$10,179,041$2,311,904$1,284,433$7,247,636
70$11,101,808$2,309,693$1,211,966$7,809,088
71$12,115,060$2,303,735$1,133,434$8,424,425
72$13,227,910$2,293,732$1,048,519$9,099,133
73$14,450,401$2,279,368$956,888$9,839,262
74$15,793,592$2,260,308$858,194$10,651,482
75$17,269,671$2,236,195$752,075$11,543,150
76$18,892,061$2,206,652$638,154$12,522,376
77$20,675,552$2,171,280$516,033$13,598,106
78$22,636,440$2,129,654$385,302$14,780,200
79$24,792,676$2,081,325$245,528$16,079,533
80$27,164,038$2,025,820$96,262$17,508,096
81$29,772,318$1,962,633$0$19,079,108
82$32,641,525$1,891,233$0$20,813,872
83$35,798,113$1,811,056$0$22,733,131
84$39,271,229$1,721,506$0$24,844,378
85$43,092,986$1,621,951$0$27,167,207
86$47,298,769$1,511,726$0$29,723,215
87$51,927,567$1,390,123$0$32,536,211
88$57,022,338$1,256,398$0$35,632,440
89$62,630,418$1,109,763$0$39,040,833
90$68,803,963$949,385$0$42,793,278
91$75,600,446$774,383$0$46,924,930
92$83,083,191$583,828$0$51,474,536
93$91,321,979$376,738$0$56,484,807
94$100,393,699$152,076$0$62,002,824
95$110,383,076$0$0$68,080,482
96$121,383,470$0$0$74,809,123
97$133,497,755$0$0$82,281,971
98$146,839,293$0$0$90,512,083
99$161,532,997$0$0$99,576,542
100$177,716,517$0$0$109,560,292