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%14.1%
1 years$150,294$148,955$147,649$146,374$145,129$142,666
2 years$74,403$73,017$71,674$70,372$69,109$66,635
3 years$49,109$47,718$46,378$45,088$43,846$41,438
4 years$36,465$35,077$33,751$32,483$31,271$28,948
5 years$28,880$27,501$26,192$24,950$23,772$21,540
6 years$23,825$22,457$21,167$19,953$18,810$16,672
7 years$20,216$18,859$17,590$16,405$15,297$13,254
8 years$17,511$16,166$14,918$13,761$12,691$10,742
9 years$15,407$14,075$12,849$11,722$10,687$8,832
10 years$13,726$12,407$11,202$10,104$9,106$7,342
11 years$12,351$11,045$9,862$8,794$7,832$6,157
12 years$11,206$9,913$8,752$7,713$6,787$5,199
13 years$10,238$8,959$7,820$6,810$5,918$4,416
14 years$9,409$8,143$7,026$6,045$5,188$3,768
15 years$8,691$7,439$6,343$5,391$4,568$3,228
16 years$8,063$6,825$5,751$4,827$4,037$2,774
17 years$7,510$6,286$5,233$4,337$3,579$2,390
18 years$7,019$5,808$4,777$3,908$3,183$2,065
19 years$6,580$5,383$4,373$3,532$2,837$1,787
20 years$6,186$5,002$4,014$3,199$2,534$1,549
21 years$5,829$4,659$3,692$2,903$2,268$1,345
22 years$5,505$4,349$3,403$2,639$2,033$1,169
23 years$5,210$4,068$3,142$2,404$1,825$1,017
24 years$4,940$3,811$2,906$2,192$1,640$886
25 years$4,692$3,577$2,691$2,002$1,476$772
26 years$4,464$3,362$2,496$1,831$1,329$674
27 years$4,252$3,164$2,318$1,676$1,198$588
28 years$4,056$2,981$2,155$1,535$1,081$513
29 years$3,874$2,812$2,005$1,408$976$449
30 years$3,705$2,656$1,868$1,292$882$392
31 years$3,546$2,511$1,741$1,187$798$343
32 years$3,398$2,376$1,624$1,091$722$300
33 years$3,259$2,250$1,517$1,003$653$262
34 years$3,129$2,132$1,417$923$591$229
35 years$3,006$2,022$1,325$849$535$201
36 years$2,891$1,920$1,239$782$485$176
37 years$2,781$1,823$1,160$721$440$154
38 years$2,678$1,733$1,086$664$399$135
39 years$2,581$1,648$1,018$613$362$118
40 years$2,488$1,568$954$565$328$103
41 years$2,400$1,492$895$521$297$91
42 years$2,317$1,421$839$481$270$79
43 years$2,238$1,354$787$444$245$69
44 years$2,162$1,291$739$410$222$61
45 years$2,091$1,231$694$379$202$53
46 years$2,022$1,174$652$350$183$47
47 years$1,957$1,120$612$323$166$41
48 years$1,894$1,070$575$299$151$36
49 years$1,834$1,021$541$276$137$31
50 years$1,777$976$509$255$125$28

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 $4,484 every year, while hoping to spend $56,909 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: 63/21/16 Blend
47$1,820,000$1,820,000$1,820,000$1,820,000
48$2,010,265$1,913,805$1,885,595$2,128,671
49$2,154,762$1,947,031$1,888,212$2,241,950
50$2,312,089$1,979,977$1,889,009$2,358,718
51$2,483,497$2,012,571$1,887,865$2,484,867
52$2,670,358$2,044,732$1,884,654$2,621,314
53$2,874,187$2,076,375$1,879,241$2,769,067
54$3,096,646$2,107,410$1,871,489$2,929,239
55$3,339,569$2,137,739$1,861,249$3,103,056
56$3,604,973$2,167,256$1,848,368$3,291,871
57$3,895,079$2,195,849$1,832,686$3,497,175
58$4,212,330$2,223,399$1,814,035$3,720,610
59$4,559,420$2,249,778$1,792,237$3,963,989
60$4,939,312$2,274,848$1,767,108$4,229,308
61$5,355,270$2,298,464$1,738,455$4,518,769
62$5,810,888$2,320,469$1,706,074$4,834,801
63$6,310,125$2,340,699$1,669,754$5,180,080
64$6,857,340$2,358,975$1,629,273$5,557,557
65$7,457,334$2,375,110$1,584,398$5,970,485
66$8,115,394$2,388,902$1,534,887$6,422,451
67$8,837,344$2,400,139$1,480,487$6,917,411
68$9,629,601$2,408,593$1,420,930$7,459,723
69$10,499,229$2,414,023$1,355,940$8,054,195
70$11,454,012$2,416,172$1,285,227$8,706,127
71$12,502,526$2,414,769$1,208,486$9,421,361
72$13,654,214$2,409,523$1,125,400$10,206,339
73$14,919,481$2,400,127$1,035,639$11,068,162
74$16,309,791$2,386,256$938,856$12,014,660
75$17,837,771$2,367,564$834,689$13,054,463
76$19,517,333$2,343,684$722,760$14,197,088
77$21,363,804$2,314,228$602,675$15,453,025
78$23,394,070$2,278,782$474,023$16,833,838
79$25,626,734$2,236,911$336,371$18,352,276
80$28,082,293$2,188,153$189,272$20,022,394
81$30,783,331$2,132,016$32,257$21,859,685
82$33,754,729$2,067,984$0$23,881,229
83$37,023,902$1,995,505$0$26,128,952
84$40,621,056$1,914,001$0$28,607,890
85$44,579,472$1,822,855$0$31,335,498
86$48,935,821$1,721,418$0$34,337,094
87$53,730,508$1,609,001$0$37,640,576
88$59,008,056$1,484,878$0$41,276,693
89$64,817,520$1,348,279$0$45,279,334
90$71,212,955$1,198,392$0$49,685,847
91$78,253,921$1,034,359$0$54,537,392
92$86,006,049$855,271$0$59,879,334
93$94,541,657$660,170$0$65,761,667
94$103,940,431$448,043$0$72,239,492
95$114,290,179$217,821$0$79,373,535
96$125,687,657$0$0$87,230,719
97$138,239,485$0$0$95,892,110
98$152,063,147$0$0$105,486,742
99$167,288,104$0$0$116,054,155
100$184,057,014$0$0$127,693,390