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 $2,669 every year, while hoping to spend $24,408 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: 76/7/17 Blend
47$1,790,000$1,790,000$1,790,000$1,790,000
48$1,975,333$1,880,463$1,852,718$2,117,738
49$2,150,847$1,946,636$1,888,814$2,278,424
50$2,343,446$2,015,233$1,925,302$2,451,248
51$2,554,845$2,086,348$1,962,167$2,640,072
52$2,786,937$2,160,076$1,999,398$2,846,484
53$3,041,805$2,236,520$2,036,978$3,072,234
54$3,321,743$2,315,784$2,074,890$3,319,249
55$3,629,279$2,397,976$2,113,118$3,589,652
56$3,967,199$2,483,210$2,151,640$3,885,779
57$4,338,570$2,571,604$2,190,437$4,210,205
58$4,746,773$2,663,281$2,229,485$4,565,766
59$5,195,530$2,758,368$2,268,760$4,955,586
60$5,688,946$2,857,000$2,308,235$5,383,106
61$6,231,539$2,959,314$2,347,881$5,852,117
62$6,828,290$3,065,454$2,387,669$6,366,795
63$7,484,685$3,175,571$2,427,566$6,931,741
64$8,206,770$3,289,821$2,467,536$7,552,022
65$9,001,205$3,408,366$2,507,543$8,233,224
66$9,875,328$3,531,377$2,547,546$8,981,497
67$10,837,226$3,659,029$2,587,503$9,803,620
68$11,895,808$3,791,506$2,627,370$10,707,060
69$13,060,891$3,929,000$2,667,097$11,700,043
70$14,343,291$4,071,710$2,706,634$12,791,636
71$15,754,926$4,219,844$2,745,926$13,991,826
72$17,308,930$4,373,618$2,784,916$15,311,618
73$19,019,773$4,533,257$2,823,543$16,763,137
74$20,903,400$4,698,997$2,861,741$18,359,743
75$22,977,381$4,871,081$2,899,444$20,116,157
76$25,261,076$5,049,766$2,936,577$22,048,601
77$27,775,817$5,235,316$2,973,063$24,174,946
78$30,545,112$5,428,009$3,008,823$26,514,888
79$33,594,865$5,628,132$3,043,770$29,090,126
80$36,953,618$5,835,988$3,077,813$31,924,573
81$40,652,825$6,051,889$3,110,858$35,044,577
82$44,727,143$6,276,162$3,142,802$38,479,172
83$49,214,766$6,509,148$3,173,540$42,260,351
84$54,157,778$6,751,202$3,202,959$46,423,369
85$59,602,555$7,002,694$3,230,942$51,007,072
86$65,600,200$7,264,011$3,257,363$56,054,267
87$72,207,029$7,535,556$3,282,093$61,612,126
88$79,485,095$7,817,748$3,304,993$67,732,627
89$87,502,783$8,111,025$3,325,917$74,473,050
90$96,335,445$8,415,844$3,344,715$81,896,512
91$106,066,122$8,732,682$3,361,224$90,072,568
92$116,786,319$9,062,035$3,375,277$99,077,861
93$128,596,871$9,404,423$3,386,697$108,996,852
94$141,608,898$9,760,385$3,395,297$119,922,611
95$155,944,848$10,130,487$3,400,882$131,957,700
96$171,739,659$10,515,317$3,403,247$145,215,139
97$189,142,025$10,915,489$3,402,178$159,819,470
98$208,315,809$11,331,645$3,397,447$175,907,938
99$229,441,578$11,764,453$3,388,819$193,631,782
100$252,718,320$12,214,611$3,376,045$213,157,664