Can I retire at age 48 with 1,790,000?

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 $1,790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$147,817$146,500$145,215$143,961$142,737$140,953
2 years$73,176$71,814$70,493$69,212$67,970$66,175
3 years$48,300$46,931$45,614$44,345$43,123$41,373
4 years$35,864$34,499$33,195$31,948$30,756$29,064
5 years$28,404$27,048$25,761$24,539$23,380$21,751
6 years$23,433$22,087$20,818$19,624$18,500$16,936
7 years$19,883$18,548$17,300$16,134$15,045$13,547
8 years$17,222$15,899$14,672$13,534$12,482$11,049
9 years$15,153$13,843$12,637$11,528$10,511$9,143
10 years$13,500$12,202$11,017$9,938$8,956$7,652
11 years$12,147$10,863$9,699$8,649$7,703$6,462
12 years$11,021$9,750$8,608$7,586$6,675$5,495
13 years$10,069$8,811$7,691$6,697$5,821$4,701
14 years$9,254$8,009$6,910$5,945$5,102$4,041
15 years$8,548$7,316$6,239$5,302$4,492$3,487
16 years$7,930$6,713$5,656$4,747$3,970$3,020
17 years$7,386$6,182$5,147$4,265$3,520$2,623
18 years$6,903$5,713$4,699$3,844$3,130$2,284
19 years$6,472$5,294$4,301$3,473$2,790$1,992
20 years$6,084$4,920$3,948$3,146$2,492$1,741
21 years$5,733$4,583$3,631$2,855$2,230$1,524
22 years$5,415$4,278$3,347$2,596$1,999$1,336
23 years$5,125$4,001$3,090$2,364$1,794$1,173
24 years$4,859$3,748$2,858$2,156$1,613$1,030
25 years$4,615$3,518$2,647$1,969$1,451$906
26 years$4,390$3,306$2,455$1,801$1,307$797
27 years$4,182$3,111$2,279$1,648$1,179$702
28 years$3,990$2,932$2,119$1,510$1,064$618
29 years$3,810$2,766$1,972$1,385$960$545
30 years$3,644$2,612$1,837$1,271$868$481
31 years$3,488$2,469$1,712$1,167$785$424
32 years$3,342$2,336$1,598$1,073$710$374
33 years$3,206$2,213$1,492$986$642$331
34 years$3,077$2,097$1,394$908$581$292
35 years$2,957$1,989$1,303$835$527$258
36 years$2,843$1,888$1,219$769$477$228
37 years$2,736$1,793$1,141$709$432$201
38 years$2,634$1,704$1,069$653$392$178
39 years$2,538$1,620$1,001$602$356$157
40 years$2,447$1,542$938$556$323$139
41 years$2,361$1,468$880$513$293$123
42 years$2,279$1,398$825$473$265$109
43 years$2,201$1,332$774$437$241$96
44 years$2,127$1,269$727$403$219$85
45 years$2,056$1,210$683$372$199$75
46 years$1,989$1,155$641$344$180$67
47 years$1,924$1,102$602$318$164$59
48 years$1,863$1,052$566$294$149$52
49 years$1,804$1,005$532$271$135$46
50 years$1,748$960$500$251$123$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,790,000, adding $5,048 every year, while hoping to spend $35,637 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: 32/49/19 Blend
47$1,790,000$1,790,000$1,790,000$1,790,000
48$1,977,787$1,882,917$1,855,172$2,029,248
49$2,141,604$1,937,262$1,879,403$2,122,426
50$2,320,935$1,993,076$1,903,251$2,219,112
51$2,517,327$2,050,393$1,926,666$2,322,505
52$2,732,480$2,109,248$1,949,594$2,433,211
53$2,968,267$2,169,675$1,971,980$2,551,897
54$3,226,752$2,231,712$1,993,764$2,679,300
55$3,510,209$2,295,393$2,014,882$2,816,225
56$3,821,139$2,360,756$2,035,270$2,963,563
57$4,162,300$2,427,838$2,054,856$3,122,290
58$4,536,728$2,496,676$2,073,568$3,293,483
59$4,947,770$2,567,308$2,091,327$3,478,325
60$5,399,108$2,639,773$2,108,053$3,678,120
61$5,894,804$2,714,108$2,123,659$3,894,301
62$6,439,327$2,790,353$2,138,055$4,128,449
63$7,037,604$2,868,546$2,151,146$4,382,300
64$7,695,062$2,948,727$2,162,832$4,657,771
65$8,417,679$3,030,934$2,173,007$4,956,968
66$9,212,040$3,115,208$2,181,561$5,282,213
67$10,085,403$3,201,588$2,188,378$5,636,062
68$11,045,762$3,290,114$2,193,336$6,021,330
69$12,101,924$3,380,824$2,196,307$6,441,120
70$13,263,593$3,473,757$2,197,157$6,898,847
71$14,541,462$3,568,954$2,195,744$7,398,274
72$15,947,311$3,666,452$2,191,921$7,943,545
73$17,494,119$3,766,290$2,185,532$8,539,228
74$19,196,186$3,868,506$2,176,415$9,190,354
75$21,069,272$3,973,137$2,164,399$9,902,464
76$23,130,736$4,080,220$2,149,305$10,681,665
77$25,399,711$4,189,790$2,130,947$11,534,686
78$27,897,275$4,301,883$2,109,127$12,468,938
79$30,646,654$4,416,533$2,083,640$13,492,590
80$33,673,442$4,533,771$2,054,270$14,614,642
81$37,005,837$4,653,631$2,020,793$15,845,011
82$40,674,915$4,776,142$1,982,972$17,194,622
83$44,714,916$4,901,331$1,940,561$18,675,518
84$49,163,567$5,029,227$1,893,300$20,300,966
85$54,062,445$5,159,853$1,840,919$22,085,586
86$59,457,360$5,293,231$1,783,136$24,045,490
87$65,398,794$5,429,383$1,719,654$26,198,432
88$71,942,372$5,568,324$1,650,164$28,563,976
89$79,149,393$5,710,070$1,574,343$31,163,682
90$87,087,399$5,854,632$1,491,851$34,021,309
91$95,830,822$6,002,018$1,402,337$37,163,038
92$105,461,681$6,152,231$1,305,430$40,617,723
93$116,070,355$6,305,273$1,200,744$44,417,160
94$127,756,438$6,461,138$1,087,876$48,596,388
95$140,629,679$6,619,819$966,405$53,194,022
96$154,811,017$6,781,300$835,890$58,252,617
97$170,433,720$6,945,563$695,871$63,819,068
98$187,644,646$7,112,582$545,870$69,945,057
99$206,605,627$7,282,326$385,383$76,687,538
100$227,494,997$7,454,756$213,890$84,109,276