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%18.7%
1 years$151,120$149,774$148,460$147,178$145,927$140,805
2 years$74,812$73,418$72,068$70,759$69,489$64,383
3 years$49,379$47,980$46,633$45,336$44,087$39,156
4 years$36,665$35,270$33,937$32,662$31,443$26,726
5 years$29,039$27,652$26,336$25,088$23,902$19,412
6 years$23,956$22,580$21,284$20,063$18,913$14,652
7 years$20,327$18,963$17,687$16,495$15,381$11,349
8 years$17,607$16,255$15,000$13,837$12,760$8,953
9 years$15,492$14,153$12,919$11,786$10,746$7,159
10 years$13,801$12,475$11,263$10,160$9,156$5,783
11 years$12,419$11,106$9,916$8,842$7,875$4,709
12 years$11,267$9,968$8,800$7,756$6,824$3,859
13 years$10,294$9,008$7,862$6,847$5,951$3,177
14 years$9,460$8,188$7,064$6,078$5,216$2,627
15 years$8,739$7,480$6,378$5,421$4,593$2,179
16 years$8,108$6,863$5,783$4,853$4,059$1,812
17 years$7,551$6,320$5,262$4,361$3,599$1,510
18 years$7,058$5,840$4,804$3,930$3,200$1,261
19 years$6,616$5,413$4,398$3,551$2,852$1,054
20 years$6,220$5,030$4,036$3,216$2,548$883
21 years$5,861$4,685$3,712$2,919$2,280$740
22 years$5,536$4,373$3,421$2,654$2,044$620
23 years$5,239$4,090$3,159$2,417$1,835$521
24 years$4,967$3,832$2,922$2,204$1,649$437
25 years$4,718$3,596$2,706$2,013$1,484$367
26 years$4,488$3,380$2,510$1,841$1,337$309
27 years$4,276$3,181$2,330$1,685$1,205$260
28 years$4,079$2,997$2,166$1,544$1,087$218
29 years$3,896$2,828$2,016$1,416$982$184
30 years$3,725$2,670$1,878$1,299$887$155
31 years$3,566$2,524$1,751$1,193$802$130
32 years$3,417$2,389$1,633$1,097$726$110
33 years$3,277$2,262$1,525$1,008$657$92
34 years$3,146$2,144$1,425$928$594$78
35 years$3,023$2,034$1,332$854$538$65
36 years$2,906$1,930$1,246$787$488$55
37 years$2,797$1,833$1,167$725$442$46
38 years$2,693$1,742$1,092$668$401$39
39 years$2,595$1,657$1,023$616$364$33
40 years$2,502$1,576$959$568$330$28
41 years$2,414$1,500$899$524$299$23
42 years$2,330$1,429$844$484$271$20
43 years$2,250$1,361$792$447$246$17
44 years$2,174$1,298$743$412$224$14
45 years$2,102$1,237$698$381$203$12
46 years$2,033$1,181$655$352$184$10
47 years$1,967$1,127$616$325$167$8
48 years$1,904$1,075$579$300$152$7
49 years$1,844$1,027$544$278$138$6
50 years$1,787$981$511$257$125$5

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 $6,428 every year, while hoping to spend $28,744 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: 69/15/16 Blend
47$1,830,000$1,830,000$1,830,000$1,830,000
48$2,023,290$1,926,300$1,897,935$2,154,865
49$2,199,083$1,990,106$1,930,933$2,307,122
50$2,391,842$2,056,074$1,964,072$2,469,633
51$2,603,270$2,124,281$1,997,328$2,646,712
52$2,835,238$2,194,806$2,030,673$2,839,792
53$3,089,809$2,267,728$2,064,078$3,050,449
54$3,369,256$2,343,134$2,097,511$3,280,419
55$3,676,082$2,421,109$2,130,939$3,531,614
56$4,013,044$2,501,744$2,164,327$3,806,138
57$4,383,178$2,585,134$2,197,636$4,106,310
58$4,789,832$2,671,375$2,230,827$4,434,682
59$5,236,691$2,760,568$2,263,855$4,794,067
60$5,727,816$2,852,818$2,296,677$5,187,560
61$6,267,680$2,948,234$2,329,243$5,618,574
62$6,861,213$3,046,927$2,361,502$6,090,864
63$7,513,844$3,149,014$2,393,400$6,608,570
64$8,231,557$3,254,616$2,424,879$7,176,250
65$9,020,942$3,363,859$2,455,879$7,798,925
66$9,889,262$3,476,872$2,486,335$8,482,129
67$10,844,519$3,593,791$2,516,179$9,231,955
68$11,895,528$3,714,755$2,545,340$10,055,117
69$13,052,004$3,839,909$2,573,740$10,959,011
70$14,324,649$3,969,405$2,601,301$11,951,788
71$15,725,256$4,103,399$2,627,937$13,042,423
72$17,266,818$4,242,052$2,653,560$14,240,809
73$18,963,654$4,385,533$2,678,074$15,557,843
74$20,831,540$4,534,017$2,701,382$17,005,532
75$22,887,857$4,687,684$2,723,380$18,597,106
76$25,151,762$4,846,724$2,743,956$20,347,140
77$27,644,359$5,011,330$2,762,996$22,271,695
78$30,388,905$5,181,707$2,780,378$24,388,467
79$33,411,027$5,358,064$2,795,974$26,716,953
80$36,738,962$5,540,620$2,809,649$29,278,639
81$40,403,827$5,729,602$2,821,264$32,097,195
82$44,439,910$5,925,244$2,830,668$35,198,707
83$48,884,992$6,127,792$2,837,707$38,611,916
84$53,780,707$6,337,500$2,842,215$42,368,492
85$59,172,932$6,554,630$2,844,023$46,503,334
86$65,112,222$6,779,458$2,842,949$51,054,895
87$71,654,285$7,012,268$2,838,804$56,065,548
88$78,860,507$7,253,354$2,831,389$61,581,984
89$86,798,535$7,503,025$2,820,497$67,655,655
90$95,542,911$7,761,598$2,805,908$74,343,254
91$105,175,777$8,029,406$2,787,396$81,707,257
92$115,787,652$8,306,792$2,764,719$89,816,505
93$127,478,282$8,594,115$2,737,627$98,746,861
94$140,357,585$8,891,745$2,705,856$108,581,917
95$154,546,688$9,200,070$2,669,131$119,413,792
96$170,179,067$9,519,490$2,627,164$131,343,995
97$187,401,810$9,850,423$2,579,652$144,484,384
98$206,377,004$10,193,303$2,526,280$158,958,224
99$227,283,265$10,548,581$2,466,716$174,901,345
100$250,317,422$10,916,726$2,400,615$192,463,432