Can I retire at age 48 with 1,840,000?

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 $1,840,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$151,945$150,592$149,272$147,983$146,724$143,410
2 years$75,221$73,820$72,462$71,146$69,869$66,548
3 years$49,649$48,242$46,888$45,584$44,328$41,103
4 years$36,866$35,463$34,122$32,840$31,615$28,512
5 years$29,198$27,803$26,480$25,225$24,033$21,060
6 years$24,087$22,704$21,400$20,172$19,017$16,177
7 years$20,438$19,066$17,783$16,585$15,466$12,760
8 years$17,703$16,343$15,082$13,913$12,830$10,257
9 years$15,577$14,230$12,990$11,850$10,805$8,363
10 years$13,877$12,543$11,325$10,215$9,206$6,893
11 years$12,487$11,166$9,970$8,890$7,918$5,729
12 years$11,329$10,022$8,848$7,798$6,861$4,795
13 years$10,350$9,057$7,905$6,884$5,983$4,034
14 years$9,512$8,233$7,103$6,111$5,245$3,410
15 years$8,786$7,521$6,413$5,450$4,618$2,893
16 years$8,152$6,900$5,814$4,880$4,081$2,462
17 years$7,593$6,355$5,291$4,385$3,619$2,100
18 years$7,096$5,872$4,830$3,951$3,218$1,795
19 years$6,652$5,442$4,422$3,570$2,868$1,538
20 years$6,254$5,057$4,058$3,234$2,562$1,319
21 years$5,893$4,711$3,732$2,935$2,292$1,133
22 years$5,566$4,397$3,440$2,668$2,055$974
23 years$5,268$4,113$3,176$2,430$1,845$839
24 years$4,995$3,853$2,938$2,216$1,658$722
25 years$4,744$3,616$2,721$2,024$1,492$623
26 years$4,513$3,398$2,523$1,851$1,344$537
27 years$4,299$3,198$2,343$1,694$1,212$464
28 years$4,101$3,014$2,178$1,552$1,093$400
29 years$3,917$2,843$2,027$1,423$987$346
30 years$3,745$2,685$1,888$1,306$892$299
31 years$3,585$2,538$1,760$1,200$806$258
32 years$3,436$2,402$1,642$1,103$729$223
33 years$3,295$2,274$1,533$1,014$660$193
34 years$3,163$2,156$1,433$933$598$167
35 years$3,039$2,045$1,340$859$541$144
36 years$2,922$1,941$1,253$791$491$125
37 years$2,812$1,843$1,173$729$445$108
38 years$2,708$1,752$1,098$672$403$93
39 years$2,609$1,666$1,029$619$365$81
40 years$2,516$1,585$965$571$332$70
41 years$2,427$1,509$904$527$301$61
42 years$2,343$1,437$848$486$273$52
43 years$2,262$1,369$796$449$248$45
44 years$2,186$1,305$747$415$225$39
45 years$2,114$1,244$702$383$204$34
46 years$2,044$1,187$659$354$185$29
47 years$1,978$1,133$619$327$168$25
48 years$1,915$1,081$582$302$153$22
49 years$1,854$1,033$547$279$139$19
50 years$1,796$986$514$258$126$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,840,000, adding $4,225 every year, while hoping to spend $22,456 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: 41/41/18 Blend
47$1,840,000$1,840,000$1,840,000$1,840,000
48$2,032,038$1,934,518$1,905,998$2,104,409
49$2,215,413$2,005,416$1,945,956$2,227,107
50$2,416,739$2,079,036$1,986,500$2,357,327
51$2,637,825$2,155,487$2,027,626$2,497,802
52$2,880,660$2,234,883$2,069,328$2,649,480
53$3,147,439$2,317,344$2,111,602$2,813,401
54$3,440,577$2,402,993$2,154,440$2,990,711
55$3,762,736$2,491,960$2,197,834$3,182,665
56$4,116,849$2,584,379$2,241,775$3,390,645
57$4,506,146$2,680,393$2,286,253$3,616,169
58$4,934,187$2,780,146$2,331,257$3,860,907
59$5,404,893$2,883,792$2,376,773$4,126,693
60$5,922,585$2,991,491$2,422,788$4,415,547
61$6,492,023$3,103,408$2,469,285$4,729,687
62$7,118,451$3,219,717$2,516,248$5,071,554
63$7,807,649$3,340,599$2,563,659$5,443,833
64$8,565,983$3,466,242$2,611,495$5,849,480
65$9,400,469$3,596,844$2,659,736$6,291,743
66$10,318,836$3,732,608$2,708,356$6,774,200
67$11,329,602$3,873,750$2,757,330$7,300,785
68$12,442,150$4,020,493$2,806,630$7,875,830
69$13,666,821$4,173,069$2,856,224$8,504,100
70$15,015,010$4,331,722$2,906,080$9,190,844
71$16,499,270$4,496,706$2,956,163$9,941,835
72$18,133,435$4,668,284$3,006,434$10,763,431
73$19,932,750$4,846,734$3,056,854$11,662,631
74$21,914,010$5,032,344$3,107,378$12,647,139
75$24,095,725$5,225,415$3,157,961$13,725,440
76$26,498,288$5,426,260$3,208,553$14,906,874
77$29,144,175$5,635,208$3,259,100$16,201,726
78$32,058,148$5,852,600$3,309,548$17,621,323
79$35,267,497$6,078,795$3,359,835$19,178,135
80$38,802,290$6,314,165$3,409,898$20,885,899
81$42,695,665$6,559,100$3,459,671$22,759,740
82$46,984,133$6,814,006$3,509,080$24,816,318
83$51,707,930$7,079,308$3,558,050$27,073,980
84$56,911,394$7,355,449$3,606,500$29,552,935
85$62,643,383$7,642,893$3,654,344$32,275,441
86$68,957,736$7,942,123$3,701,493$35,266,015
87$75,913,782$8,253,644$3,747,850$38,551,663
88$83,576,899$8,577,984$3,793,314$42,162,131
89$92,019,132$8,915,694$3,837,779$46,130,190
90$101,319,869$9,267,349$3,881,131$50,491,934
91$111,566,598$9,633,551$3,923,251$55,287,129
92$122,855,725$10,014,929$3,964,013$60,559,579
93$135,293,486$10,412,138$4,003,285$66,357,544
94$148,996,953$10,825,864$4,040,926$72,734,186
95$164,095,134$11,256,823$4,076,790$79,748,077
96$180,730,196$11,705,766$4,110,720$87,463,741
97$199,058,801$12,173,473$4,142,554$95,952,269
98$219,253,588$12,660,763$4,172,119$105,291,983
99$241,504,804$13,168,490$4,199,235$115,569,174
100$266,022,095$13,697,548$4,223,711$126,878,913