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

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 $1,780,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$146,991$145,681$144,404$143,157$141,940$140,868
2 years$72,768$71,412$70,099$68,826$67,590$66,510
3 years$48,030$46,669$45,359$44,097$42,882$41,826
4 years$35,663$34,307$33,010$31,770$30,584$29,561
5 years$28,246$26,897$25,617$24,402$23,249$22,262
6 years$23,302$21,963$20,702$19,515$18,396$17,446
7 years$19,772$18,445$17,204$16,044$14,961$14,049
8 years$17,126$15,810$14,590$13,459$12,412$11,537
9 years$15,069$13,766$12,566$11,464$10,453$9,615
10 years$13,424$12,134$10,956$9,882$8,906$8,105
11 years$12,079$10,802$9,645$8,600$7,660$6,895
12 years$10,960$9,695$8,560$7,544$6,638$5,909
13 years$10,013$8,762$7,648$6,660$5,788$5,094
14 years$9,202$7,964$6,871$5,912$5,074$4,413
15 years$8,500$7,275$6,204$5,272$4,467$3,840
16 years$7,886$6,675$5,625$4,721$3,948$3,353
17 years$7,345$6,148$5,118$4,242$3,501$2,937
18 years$6,865$5,681$4,672$3,823$3,113$2,579
19 years$6,436$5,265$4,277$3,454$2,774$2,269
20 years$6,050$4,892$3,926$3,128$2,478$2,001
21 years$5,701$4,557$3,611$2,839$2,218$1,767
22 years$5,384$4,254$3,328$2,581$1,988$1,563
23 years$5,096$3,978$3,073$2,351$1,784$1,384
24 years$4,832$3,728$2,842$2,144$1,604$1,228
25 years$4,589$3,498$2,632$1,958$1,443$1,089
26 years$4,366$3,288$2,441$1,790$1,300$968
27 years$4,159$3,094$2,267$1,639$1,172$860
28 years$3,967$2,916$2,107$1,502$1,058$765
29 years$3,789$2,750$1,961$1,377$955$681
30 years$3,623$2,598$1,827$1,264$863$607
31 years$3,468$2,456$1,703$1,161$780$541
32 years$3,324$2,323$1,589$1,067$706$482
33 years$3,188$2,200$1,483$981$639$430
34 years$3,060$2,085$1,386$902$578$383
35 years$2,940$1,978$1,296$831$524$342
36 years$2,827$1,877$1,212$765$475$305
37 years$2,720$1,783$1,135$705$430$273
38 years$2,619$1,695$1,063$650$390$243
39 years$2,524$1,611$995$599$354$217
40 years$2,434$1,533$933$553$321$194
41 years$2,348$1,459$875$510$291$173
42 years$2,266$1,390$821$471$264$155
43 years$2,189$1,324$770$434$240$138
44 years$2,115$1,262$723$401$217$124
45 years$2,045$1,204$679$370$197$111
46 years$1,978$1,148$638$342$179$99
47 years$1,914$1,096$599$316$163$88
48 years$1,852$1,046$563$292$148$79
49 years$1,794$999$529$270$134$71
50 years$1,738$954$497$250$122$63

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 $3,223 every year, while hoping to spend $46,735 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: 46/24/30 Blend
47$1,780,000$1,780,000$1,780,000$1,780,000
48$1,964,885$1,870,545$1,842,955$2,038,147
49$2,115,577$1,912,476$1,854,968$2,132,464
50$2,280,074$1,954,895$1,865,817$2,230,001
51$2,459,734$1,997,777$1,875,414$2,334,957
52$2,656,052$2,041,094$1,883,666$2,448,053
53$2,870,676$2,084,814$1,890,476$2,570,087
54$3,105,418$2,128,903$1,895,740$2,701,936
55$3,362,275$2,173,324$1,899,352$2,844,571
56$3,643,445$2,218,034$1,901,197$2,999,060
57$3,951,348$2,262,989$1,901,159$3,166,582
58$4,288,649$2,308,139$1,899,112$3,348,437
59$4,658,284$2,353,431$1,894,925$3,546,059
60$5,063,487$2,398,807$1,888,462$3,761,031
61$5,507,817$2,444,202$1,879,580$3,995,097
62$5,995,195$2,489,550$1,868,127$4,250,181
63$6,529,943$2,534,775$1,853,947$4,528,406
64$7,116,816$2,579,799$1,836,874$4,832,111
65$7,761,057$2,624,534$1,816,734$5,163,879
66$8,468,437$2,668,888$1,793,347$5,526,557
67$9,245,316$2,712,762$1,766,523$5,923,284
68$10,098,699$2,756,049$1,736,062$6,357,523
69$11,036,304$2,798,633$1,701,758$6,833,092
70$12,066,632$2,840,391$1,663,392$7,354,204
71$13,199,049$2,881,191$1,620,736$7,925,502
72$14,443,874$2,920,891$1,573,553$8,552,107
73$15,812,474$2,959,340$1,521,592$9,239,667
74$17,317,375$2,996,375$1,464,593$9,994,409
75$18,972,374$3,031,824$1,402,284$10,823,201
76$20,792,674$3,065,502$1,334,379$11,733,613
77$22,795,027$3,097,212$1,260,580$12,733,996
78$24,997,887$3,126,742$1,180,577$13,833,556
79$27,421,588$3,153,869$1,094,043$15,042,443
80$30,088,535$3,178,354$1,000,638$16,371,849
81$33,023,414$3,199,941$900,008$17,834,114
82$36,253,424$3,218,361$791,781$19,442,843
83$39,808,537$3,233,324$675,569$21,213,036
84$43,721,776$3,244,525$550,968$23,161,231
85$48,029,526$3,251,636$417,555$25,305,660
86$52,771,884$3,254,312$274,889$27,666,425
87$57,993,027$3,252,184$122,509$30,265,685
88$63,741,637$3,244,862$0$33,127,870
89$70,071,354$3,231,931$0$36,292,752
90$77,041,287$3,212,951$0$39,819,865
91$84,716,567$3,187,454$0$43,702,851
92$93,168,963$3,154,945$0$47,977,964
93$102,477,560$3,114,900$0$52,685,162
94$112,729,502$3,066,761$0$57,868,477
95$124,020,818$3,009,939$0$63,576,440
96$136,457,325$2,943,810$0$69,862,531
97$150,155,627$2,867,711$0$76,785,692
98$165,244,215$2,780,943$0$84,410,879
99$181,864,679$2,682,764$0$92,809,679
100$200,173,045$2,572,388$0$102,060,986