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%11.4%
1 years$150,294$148,955$147,649$146,374$145,129$144,275
2 years$74,403$73,017$71,674$70,372$69,109$68,247
3 years$49,109$47,718$46,378$45,088$43,846$43,003
4 years$36,465$35,077$33,751$32,483$31,271$30,454
5 years$28,880$27,501$26,192$24,950$23,772$22,983
6 years$23,825$22,457$21,167$19,953$18,810$18,050
7 years$20,216$18,859$17,590$16,405$15,297$14,567
8 years$17,511$16,166$14,918$13,761$12,691$11,989
9 years$15,407$14,075$12,849$11,722$10,687$10,015
10 years$13,726$12,407$11,202$10,104$9,106$8,463
11 years$12,351$11,045$9,862$8,794$7,832$7,217
12 years$11,206$9,913$8,752$7,713$6,787$6,200
13 years$10,238$8,959$7,820$6,810$5,918$5,359
14 years$9,409$8,143$7,026$6,045$5,188$4,655
15 years$8,691$7,439$6,343$5,391$4,568$4,061
16 years$8,063$6,825$5,751$4,827$4,037$3,556
17 years$7,510$6,286$5,233$4,337$3,579$3,123
18 years$7,019$5,808$4,777$3,908$3,183$2,750
19 years$6,580$5,383$4,373$3,532$2,837$2,427
20 years$6,186$5,002$4,014$3,199$2,534$2,146
21 years$5,829$4,659$3,692$2,903$2,268$1,901
22 years$5,505$4,349$3,403$2,639$2,033$1,687
23 years$5,210$4,068$3,142$2,404$1,825$1,498
24 years$4,940$3,811$2,906$2,192$1,640$1,333
25 years$4,692$3,577$2,691$2,002$1,476$1,186
26 years$4,464$3,362$2,496$1,831$1,329$1,057
27 years$4,252$3,164$2,318$1,676$1,198$943
28 years$4,056$2,981$2,155$1,535$1,081$841
29 years$3,874$2,812$2,005$1,408$976$751
30 years$3,705$2,656$1,868$1,292$882$671
31 years$3,546$2,511$1,741$1,187$798$600
32 years$3,398$2,376$1,624$1,091$722$537
33 years$3,259$2,250$1,517$1,003$653$480
34 years$3,129$2,132$1,417$923$591$430
35 years$3,006$2,022$1,325$849$535$385
36 years$2,891$1,920$1,239$782$485$345
37 years$2,781$1,823$1,160$721$440$309
38 years$2,678$1,733$1,086$664$399$277
39 years$2,581$1,648$1,018$613$362$248
40 years$2,488$1,568$954$565$328$222
41 years$2,400$1,492$895$521$297$199
42 years$2,317$1,421$839$481$270$178
43 years$2,238$1,354$787$444$245$160
44 years$2,162$1,291$739$410$222$144
45 years$2,091$1,231$694$379$202$129
46 years$2,022$1,174$652$350$183$115
47 years$1,957$1,120$612$323$166$104
48 years$1,894$1,070$575$299$151$93
49 years$1,834$1,021$541$276$137$83
50 years$1,777$976$509$255$125$75

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 $2,600 every year, while hoping to spend $47,649 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: 48/28/24 Blend
47$1,820,000$1,820,000$1,820,000$1,820,000
48$2,008,322$1,911,862$1,883,652$2,090,905
49$2,162,473$1,954,845$1,896,056$2,191,922
50$2,330,750$1,998,337$1,907,279$2,296,605
51$2,514,544$2,042,313$1,917,230$2,409,326
52$2,715,385$2,086,745$1,925,816$2,530,863
53$2,934,960$2,131,601$1,932,936$2,662,075
54$3,175,124$2,176,847$1,938,487$2,803,906
55$3,437,920$2,222,446$1,942,359$2,957,400
56$3,725,597$2,268,355$1,944,438$3,123,706
57$4,040,632$2,314,529$1,944,601$3,304,090
58$4,385,755$2,360,919$1,942,724$3,499,951
59$4,763,969$2,407,472$1,938,672$3,712,829
60$5,178,584$2,454,127$1,932,307$3,944,422
61$5,633,243$2,500,823$1,923,483$4,196,604
62$6,131,959$2,547,489$1,912,046$4,471,439
63$6,679,155$2,594,052$1,897,835$4,771,205
64$7,279,700$2,640,431$1,880,683$5,098,411
65$7,938,957$2,686,540$1,860,414$5,455,828
66$8,662,836$2,732,286$1,836,843$5,846,505
67$9,457,844$2,777,567$1,809,776$6,273,811
68$10,331,152$2,822,275$1,779,012$6,741,454
69$11,290,659$2,866,296$1,744,338$7,253,528
70$12,345,066$2,909,504$1,705,533$7,814,543
71$13,503,959$2,951,767$1,662,365$8,429,474
72$14,777,900$2,992,940$1,614,591$9,103,805
73$16,178,524$3,032,873$1,561,958$9,843,583
74$17,718,649$3,071,400$1,504,200$10,655,475
75$19,412,400$3,108,347$1,441,039$11,546,833
76$21,275,337$3,143,528$1,372,186$12,525,759
77$23,324,604$3,176,743$1,297,336$13,601,191
78$25,579,090$3,207,780$1,216,173$14,782,977
79$28,059,608$3,236,412$1,128,366$16,081,980
80$30,789,089$3,262,397$1,033,568$17,510,172
81$33,792,801$3,285,480$931,417$19,080,753
82$37,098,583$3,305,384$821,536$20,808,275
83$40,737,111$3,321,820$703,530$22,708,782
84$44,742,184$3,334,478$576,986$24,799,960
85$49,151,046$3,343,026$441,474$27,101,305
86$54,004,735$3,347,117$296,546$29,634,310
87$59,348,469$3,346,376$141,731$32,422,670
88$65,232,074$3,340,410$0$35,492,502
89$71,710,453$3,328,798$0$38,878,613
90$78,844,106$3,311,096$0$42,645,852
91$86,699,696$3,286,831$0$46,793,007
92$95,350,681$3,255,501$0$51,358,788
93$104,878,006$3,216,577$0$56,385,855
94$115,370,867$3,169,494$0$61,921,221
95$126,927,553$3,113,656$0$68,016,701
96$139,656,369$3,048,431$0$74,729,399
97$153,676,664$2,973,149$0$82,122,246
98$169,119,952$2,887,102$0$90,264,599
99$186,131,157$2,789,539$0$99,232,895
100$204,869,975$2,679,666$0$109,111,373