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%16.1%
1 years$146,991$145,681$144,404$143,157$141,940$138,396
2 years$72,768$71,412$70,099$68,826$67,590$64,043
3 years$48,030$46,669$45,359$44,097$42,882$39,441
4 years$35,663$34,307$33,010$31,770$30,584$27,276
5 years$28,246$26,897$25,617$24,402$23,249$20,084
6 years$23,302$21,963$20,702$19,515$18,396$15,377
7 years$19,772$18,445$17,204$16,044$14,961$12,088
8 years$17,126$15,810$14,590$13,459$12,412$9,683
9 years$15,069$13,766$12,566$11,464$10,453$7,866
10 years$13,424$12,134$10,956$9,882$8,906$6,459
11 years$12,079$10,802$9,645$8,600$7,660$5,348
12 years$10,960$9,695$8,560$7,544$6,638$4,458
13 years$10,013$8,762$7,648$6,660$5,788$3,736
14 years$9,202$7,964$6,871$5,912$5,074$3,145
15 years$8,500$7,275$6,204$5,272$4,467$2,657
16 years$7,886$6,675$5,625$4,721$3,948$2,251
17 years$7,345$6,148$5,118$4,242$3,501$1,912
18 years$6,865$5,681$4,672$3,823$3,113$1,628
19 years$6,436$5,265$4,277$3,454$2,774$1,388
20 years$6,050$4,892$3,926$3,128$2,478$1,185
21 years$5,701$4,557$3,611$2,839$2,218$1,013
22 years$5,384$4,254$3,328$2,581$1,988$867
23 years$5,096$3,978$3,073$2,351$1,784$743
24 years$4,832$3,728$2,842$2,144$1,604$637
25 years$4,589$3,498$2,632$1,958$1,443$547
26 years$4,366$3,288$2,441$1,790$1,300$469
27 years$4,159$3,094$2,267$1,639$1,172$403
28 years$3,967$2,916$2,107$1,502$1,058$346
29 years$3,789$2,750$1,961$1,377$955$298
30 years$3,623$2,598$1,827$1,264$863$256
31 years$3,468$2,456$1,703$1,161$780$220
32 years$3,324$2,323$1,589$1,067$706$189
33 years$3,188$2,200$1,483$981$639$163
34 years$3,060$2,085$1,386$902$578$140
35 years$2,940$1,978$1,296$831$524$121
36 years$2,827$1,877$1,212$765$475$104
37 years$2,720$1,783$1,135$705$430$89
38 years$2,619$1,695$1,063$650$390$77
39 years$2,524$1,611$995$599$354$66
40 years$2,434$1,533$933$553$321$57
41 years$2,348$1,459$875$510$291$49
42 years$2,266$1,390$821$471$264$42
43 years$2,189$1,324$770$434$240$36
44 years$2,115$1,262$723$401$217$31
45 years$2,045$1,204$679$370$197$27
46 years$1,978$1,148$638$342$179$23
47 years$1,914$1,096$599$316$163$20
48 years$1,852$1,046$563$292$148$17
49 years$1,794$999$529$270$134$15
50 years$1,738$954$497$250$122$13

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 $5,730 every year, while hoping to spend $58,770 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: 29/43/28 Blend
47$1,780,000$1,780,000$1,780,000$1,780,000
48$1,967,470$1,873,130$1,845,540$2,007,385
49$2,105,622$1,902,383$1,844,835$2,068,635
50$2,255,895$1,931,099$1,842,137$2,128,949
51$2,419,463$1,959,191$1,837,316$2,192,621
52$2,597,621$1,986,563$1,830,238$2,259,981
53$2,791,788$2,013,115$1,820,761$2,331,397
54$3,003,531$2,038,738$1,808,737$2,407,277
55$3,234,571$2,063,316$1,794,010$2,488,076
56$3,486,805$2,086,726$1,776,417$2,574,296
57$3,762,319$2,108,836$1,755,787$2,666,495
58$4,063,412$2,129,505$1,731,941$2,765,292
59$4,392,611$2,148,582$1,704,693$2,871,375
60$4,752,704$2,165,909$1,673,847$2,985,503
61$5,146,755$2,181,314$1,639,196$3,108,522
62$5,578,142$2,194,616$1,600,527$3,241,366
63$6,050,582$2,205,622$1,557,614$3,385,072
64$6,568,170$2,214,126$1,510,223$3,540,787
65$7,135,416$2,219,911$1,458,108$3,709,784
66$7,757,286$2,222,744$1,401,012$3,893,471
67$8,439,249$2,222,378$1,338,666$4,093,407
68$9,187,330$2,218,553$1,270,789$4,311,317
69$10,008,165$2,210,989$1,197,088$4,549,113
70$10,909,062$2,199,392$1,117,254$4,808,909
71$11,898,073$2,183,448$1,030,969$5,093,042
72$12,984,066$2,162,827$937,896$5,404,103
73$14,176,810$2,137,175$837,685$5,744,952
74$15,487,068$2,106,120$729,971$6,118,754
75$16,926,696$2,069,266$614,371$6,529,012
76$18,508,753$2,026,195$490,488$6,979,593
77$20,247,630$1,976,463$357,903$7,474,776
78$22,159,179$1,919,599$216,183$8,019,290
79$24,260,863$1,855,108$64,873$8,618,361
80$26,571,925$1,782,462$0$9,277,764
81$29,113,564$1,701,105$0$10,032,739
82$31,909,135$1,610,447$0$10,884,036
83$34,984,374$1,509,866$0$11,820,195
84$38,367,633$1,398,702$0$12,849,977
85$42,090,152$1,276,259$0$13,983,052
86$46,186,352$1,141,801$0$15,230,086
87$50,694,159$994,548$0$16,602,846
88$55,655,362$833,680$0$18,114,316
89$61,116,005$658,326$0$19,778,818
90$67,126,824$467,570$0$21,612,149
91$73,743,720$260,442$0$23,631,736
92$81,028,294$35,918$0$25,856,802
93$89,048,420$0$0$28,308,550
94$97,878,889$0$0$31,108,350
95$107,602,113$0$0$34,210,287
96$118,308,903$0$0$37,626,381
97$130,099,323$0$0$41,388,606
98$143,083,638$0$0$45,532,194
99$157,383,350$0$0$50,095,970
100$173,132,346$0$0$55,122,715