Can I retire at age 48 with 1,830,000?

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 $1,830,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$151,120$149,774$148,460$147,178$145,927$145,190
2 years$74,812$73,418$72,068$70,759$69,489$68,745
3 years$49,379$47,980$46,633$45,336$44,087$43,359
4 years$36,665$35,270$33,937$32,662$31,443$30,737
5 years$29,039$27,652$26,336$25,088$23,902$23,221
6 years$23,956$22,580$21,284$20,063$18,913$18,256
7 years$20,327$18,963$17,687$16,495$15,381$14,750
8 years$17,607$16,255$15,000$13,837$12,760$12,154
9 years$15,492$14,153$12,919$11,786$10,746$10,164
10 years$13,801$12,475$11,263$10,160$9,156$8,599
11 years$12,419$11,106$9,916$8,842$7,875$7,342
12 years$11,267$9,968$8,800$7,756$6,824$6,315
13 years$10,294$9,008$7,862$6,847$5,951$5,466
14 years$9,460$8,188$7,064$6,078$5,216$4,754
15 years$8,739$7,480$6,378$5,421$4,593$4,153
16 years$8,108$6,863$5,783$4,853$4,059$3,641
17 years$7,551$6,320$5,262$4,361$3,599$3,202
18 years$7,058$5,840$4,804$3,930$3,200$2,824
19 years$6,616$5,413$4,398$3,551$2,852$2,496
20 years$6,220$5,030$4,036$3,216$2,548$2,210
21 years$5,861$4,685$3,712$2,919$2,280$1,961
22 years$5,536$4,373$3,421$2,654$2,044$1,742
23 years$5,239$4,090$3,159$2,417$1,835$1,550
24 years$4,967$3,832$2,922$2,204$1,649$1,380
25 years$4,718$3,596$2,706$2,013$1,484$1,231
26 years$4,488$3,380$2,510$1,841$1,337$1,099
27 years$4,276$3,181$2,330$1,685$1,205$981
28 years$4,079$2,997$2,166$1,544$1,087$877
29 years$3,896$2,828$2,016$1,416$982$784
30 years$3,725$2,670$1,878$1,299$887$702
31 years$3,566$2,524$1,751$1,193$802$629
32 years$3,417$2,389$1,633$1,097$726$563
33 years$3,277$2,262$1,525$1,008$657$505
34 years$3,146$2,144$1,425$928$594$452
35 years$3,023$2,034$1,332$854$538$406
36 years$2,906$1,930$1,246$787$488$364
37 years$2,797$1,833$1,167$725$442$327
38 years$2,693$1,742$1,092$668$401$293
39 years$2,595$1,657$1,023$616$364$263
40 years$2,502$1,576$959$568$330$236
41 years$2,414$1,500$899$524$299$212
42 years$2,330$1,429$844$484$271$190
43 years$2,250$1,361$792$447$246$171
44 years$2,174$1,298$743$412$224$154
45 years$2,102$1,237$698$381$203$138
46 years$2,033$1,181$655$352$184$124
47 years$1,967$1,127$616$325$167$111
48 years$1,904$1,075$579$300$152$100
49 years$1,844$1,027$544$278$138$90
50 years$1,787$981$511$257$125$81

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,830,000, adding $3,032 every year, while hoping to spend $29,117 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: 60/35/5 Blend
47$1,830,000$1,830,000$1,830,000$1,830,000
48$2,019,788$1,922,798$1,894,433$2,139,083
49$2,194,826$1,986,034$1,926,916$2,282,444
50$2,386,742$2,051,394$1,959,511$2,435,098
51$2,597,227$2,118,949$1,992,192$2,600,843
52$2,828,143$2,188,777$2,024,929$2,780,936
53$3,081,541$2,260,955$2,057,693$2,976,762
54$3,359,681$2,335,565$2,090,448$3,189,843
55$3,665,052$2,412,691$2,123,162$3,421,853
56$4,000,396$2,492,421$2,155,796$3,674,635
57$4,368,732$2,574,845$2,188,311$3,950,218
58$4,773,387$2,660,057$2,220,664$4,250,834
59$5,218,027$2,748,155$2,252,811$4,578,939
60$5,706,690$2,839,239$2,284,704$4,937,239
61$6,243,824$2,933,413$2,316,293$5,328,710
62$6,834,330$3,030,785$2,347,525$5,756,630
63$7,483,606$3,131,469$2,378,342$6,224,607
64$8,197,603$3,235,580$2,408,685$6,736,615
65$8,982,873$3,343,238$2,438,490$7,297,026
66$9,846,638$3,454,568$2,467,691$7,910,660
67$10,796,853$3,569,700$2,496,218$8,582,819
68$11,842,285$3,688,768$2,523,994$9,319,347
69$12,992,592$3,811,912$2,550,941$10,126,675
70$14,258,415$3,939,275$2,576,977$11,011,889
71$15,651,481$4,071,006$2,602,013$11,982,793
72$17,184,709$4,207,262$2,625,957$13,047,982
73$18,872,334$4,348,203$2,648,712$14,216,921
74$20,730,043$4,493,996$2,670,175$15,500,040
75$22,775,120$4,644,814$2,690,237$16,908,823
76$25,026,608$4,800,836$2,708,786$18,455,924
77$27,505,494$4,962,249$2,725,702$20,155,281
78$30,234,900$5,129,245$2,740,859$22,022,246
79$33,240,307$5,302,025$2,754,125$24,073,735
80$36,549,791$5,480,797$2,765,361$26,328,381
81$40,194,290$5,665,776$2,774,421$28,806,711
82$44,207,895$5,857,187$2,781,152$31,531,342
83$48,628,172$6,055,261$2,785,392$34,527,188
84$53,496,517$6,260,239$2,786,974$37,821,701
85$58,858,543$6,472,372$2,785,718$41,445,124
86$64,764,515$6,691,919$2,781,441$45,430,776
87$71,269,821$6,919,149$2,773,945$49,815,372
88$78,435,498$7,154,343$2,763,027$54,639,358
89$86,328,803$7,397,790$2,748,473$59,947,302
90$95,023,851$7,649,791$2,730,057$65,788,309
91$104,602,313$7,910,660$2,707,543$72,216,481
92$115,154,188$8,180,722$2,680,685$79,291,434
93$126,778,652$8,460,314$2,649,224$87,078,851
94$139,584,990$8,749,785$2,612,889$95,651,110
95$153,693,636$9,049,501$2,571,397$105,087,958
96$169,237,298$9,359,839$2,524,451$115,477,268
97$186,362,223$9,681,190$2,471,740$126,915,864
98$205,229,565$10,013,964$2,412,939$139,510,436
99$226,016,915$10,358,583$2,347,707$153,378,545
100$248,919,974$10,715,487$2,275,689$168,649,731