Can I retire at age 48 with 1,820,000?

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 $1,820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$150,294$148,955$147,649$146,374$145,129$140,766
2 years$74,403$73,017$71,674$70,372$69,109$64,750
3 years$49,109$47,718$46,378$45,088$43,846$39,627
4 years$36,465$35,077$33,751$32,483$31,271$27,225
5 years$28,880$27,501$26,192$24,950$23,772$19,910
6 years$23,825$22,457$21,167$19,953$18,810$15,136
7 years$20,216$18,859$17,590$16,405$15,297$11,811
8 years$17,511$16,166$14,918$13,761$12,691$9,389
9 years$15,407$14,075$12,849$11,722$10,687$7,568
10 years$13,726$12,407$11,202$10,104$9,106$6,164
11 years$12,351$11,045$9,862$8,794$7,832$5,061
12 years$11,206$9,913$8,752$7,713$6,787$4,183
13 years$10,238$8,959$7,820$6,810$5,918$3,475
14 years$9,409$8,143$7,026$6,045$5,188$2,899
15 years$8,691$7,439$6,343$5,391$4,568$2,427
16 years$8,063$6,825$5,751$4,827$4,037$2,037
17 years$7,510$6,286$5,233$4,337$3,579$1,714
18 years$7,019$5,808$4,777$3,908$3,183$1,445
19 years$6,580$5,383$4,373$3,532$2,837$1,220
20 years$6,186$5,002$4,014$3,199$2,534$1,032
21 years$5,829$4,659$3,692$2,903$2,268$873
22 years$5,505$4,349$3,403$2,639$2,033$740
23 years$5,210$4,068$3,142$2,404$1,825$628
24 years$4,940$3,811$2,906$2,192$1,640$533
25 years$4,692$3,577$2,691$2,002$1,476$452
26 years$4,464$3,362$2,496$1,831$1,329$384
27 years$4,252$3,164$2,318$1,676$1,198$326
28 years$4,056$2,981$2,155$1,535$1,081$277
29 years$3,874$2,812$2,005$1,408$976$236
30 years$3,705$2,656$1,868$1,292$882$201
31 years$3,546$2,511$1,741$1,187$798$171
32 years$3,398$2,376$1,624$1,091$722$145
33 years$3,259$2,250$1,517$1,003$653$124
34 years$3,129$2,132$1,417$923$591$105
35 years$3,006$2,022$1,325$849$535$90
36 years$2,891$1,920$1,239$782$485$76
37 years$2,781$1,823$1,160$721$440$65
38 years$2,678$1,733$1,086$664$399$55
39 years$2,581$1,648$1,018$613$362$47
40 years$2,488$1,568$954$565$328$40
41 years$2,400$1,492$895$521$297$34
42 years$2,317$1,421$839$481$270$29
43 years$2,238$1,354$787$444$245$25
44 years$2,162$1,291$739$410$222$21
45 years$2,091$1,231$694$379$202$18
46 years$2,022$1,174$652$350$183$15
47 years$1,957$1,120$612$323$166$13
48 years$1,894$1,070$575$299$151$11
49 years$1,834$1,021$541$276$137$9
50 years$1,777$976$509$255$125$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,820,000, adding $2,925 every year, while hoping to spend $20,525 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: 59/24/17 Blend
47$1,820,000$1,820,000$1,820,000$1,820,000
48$2,008,657$1,912,197$1,883,987$2,118,176
49$2,191,702$1,984,056$1,925,262$2,264,461
50$2,392,729$2,058,749$1,967,232$2,421,397
51$2,613,551$2,136,392$2,009,899$2,592,070
52$2,856,166$2,217,107$2,053,262$2,777,809
53$3,122,772$2,301,022$2,097,324$2,980,078
54$3,415,793$2,388,271$2,142,082$3,200,484
55$3,737,899$2,478,991$2,187,537$3,440,799
56$4,092,031$2,573,328$2,233,686$3,702,972
57$4,481,430$2,671,433$2,280,527$3,989,146
58$4,909,666$2,773,463$2,328,054$4,301,683
59$5,380,673$2,879,584$2,376,265$4,643,179
60$5,898,784$2,989,966$2,425,152$5,016,497
61$6,468,775$3,104,789$2,474,710$5,424,784
62$7,095,907$3,224,241$2,524,930$5,871,507
63$7,785,977$3,348,516$2,575,803$6,360,482
64$8,545,372$3,477,819$2,627,318$6,895,912
65$9,381,130$3,612,363$2,679,463$7,482,425
66$10,301,006$3,752,369$2,732,225$8,125,115
67$11,313,543$3,898,069$2,785,589$8,829,595
68$12,428,157$4,049,707$2,839,539$9,602,043
69$13,655,222$4,207,536$2,894,056$10,449,265
70$15,006,168$4,371,818$2,949,121$11,378,757
71$16,493,591$4,542,831$3,004,710$12,398,773
72$18,131,370$4,720,863$3,060,801$13,518,406
73$19,934,799$4,906,214$3,117,367$14,747,671
74$21,920,729$5,099,200$3,174,379$16,097,598
75$24,107,731$5,300,148$3,231,808$17,580,340
76$26,516,266$5,509,402$3,289,621$19,209,280
77$29,168,883$5,727,320$3,347,780$20,999,163
78$32,090,427$5,954,276$3,406,249$22,966,231
79$35,308,277$6,190,663$3,464,985$25,128,376
80$38,852,604$6,436,888$3,523,945$27,505,311
81$42,756,653$6,693,379$3,583,080$30,118,749
82$47,057,059$6,960,582$3,642,341$32,992,614
83$51,794,193$7,238,964$3,701,673$36,153,262
84$57,012,539$7,529,012$3,761,017$39,629,729
85$62,761,120$7,831,235$3,820,313$43,454,005
86$69,093,955$8,146,166$3,879,495$47,661,335
87$76,070,572$8,474,362$3,938,491$52,290,553
88$83,756,568$8,816,404$3,997,229$57,384,440
89$92,224,231$9,172,900$4,055,629$62,990,135
90$101,553,216$9,544,486$4,113,606$69,159,577
91$111,831,305$9,931,827$4,171,072$75,949,988
92$123,155,227$10,335,616$4,227,933$83,424,421
93$135,631,580$10,756,580$4,284,088$91,652,346
94$149,377,828$11,195,479$4,339,432$100,710,312
95$164,523,416$11,653,107$4,393,852$110,682,659
96$181,210,988$12,130,294$4,447,230$121,662,323
97$199,597,738$12,627,907$4,499,441$133,751,702
98$219,856,888$13,146,856$4,550,354$147,063,628
99$242,179,327$13,688,088$4,599,827$161,722,428
100$266,775,412$14,252,597$4,647,714$177,865,097