Can I retire at age 48 with 1,850,000?

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 $1,850,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$152,771$151,410$150,083$148,787$147,522$143,316
2 years$75,629$74,221$72,856$71,532$70,248$66,044
3 years$49,919$48,504$47,142$45,831$44,568$40,497
4 years$37,066$35,656$34,308$33,019$31,787$27,880
5 years$29,356$27,954$26,624$25,362$24,164$20,432
6 years$24,218$22,827$21,516$20,282$19,120$15,566
7 years$20,550$19,170$17,880$16,675$15,550$12,174
8 years$17,799$16,432$15,164$13,988$12,900$9,701
9 years$15,661$14,307$13,061$11,915$10,864$7,838
10 years$13,952$12,611$11,386$10,271$9,256$6,400
11 years$12,554$11,227$10,024$8,939$7,961$5,269
12 years$11,391$10,077$8,896$7,840$6,899$4,366
13 years$10,407$9,106$7,948$6,922$6,016$3,637
14 years$9,564$8,277$7,142$6,144$5,273$3,043
15 years$8,834$7,562$6,448$5,480$4,643$2,554
16 years$8,196$6,938$5,846$4,907$4,104$2,150
17 years$7,634$6,389$5,320$4,408$3,638$1,815
18 years$7,135$5,904$4,856$3,973$3,235$1,534
19 years$6,689$5,472$4,446$3,590$2,884$1,300
20 years$6,288$5,085$4,080$3,251$2,576$1,102
21 years$5,925$4,736$3,753$2,951$2,305$936
22 years$5,596$4,421$3,459$2,683$2,066$795
23 years$5,296$4,135$3,194$2,443$1,855$677
24 years$5,022$3,874$2,953$2,229$1,667$576
25 years$4,770$3,636$2,736$2,035$1,500$491
26 years$4,537$3,417$2,537$1,861$1,351$418
27 years$4,322$3,216$2,356$1,703$1,218$356
28 years$4,123$3,030$2,190$1,561$1,099$304
29 years$3,938$2,859$2,038$1,431$993$259
30 years$3,766$2,700$1,898$1,313$897$221
31 years$3,605$2,552$1,770$1,206$811$189
32 years$3,454$2,415$1,651$1,109$733$161
33 years$3,313$2,287$1,542$1,019$664$138
34 years$3,180$2,167$1,441$938$601$118
35 years$3,056$2,056$1,347$863$544$100
36 years$2,938$1,951$1,260$795$493$86
37 years$2,827$1,853$1,179$733$447$73
38 years$2,722$1,761$1,104$675$405$63
39 years$2,623$1,675$1,035$623$367$54
40 years$2,529$1,593$970$574$333$46
41 years$2,440$1,517$909$530$302$39
42 years$2,355$1,444$853$489$274$33
43 years$2,275$1,376$800$451$249$29
44 years$2,198$1,312$751$417$226$24
45 years$2,125$1,251$705$385$205$21
46 years$2,055$1,193$663$356$186$18
47 years$1,989$1,139$622$329$169$15
48 years$1,925$1,087$585$304$154$13
49 years$1,864$1,038$550$281$140$11
50 years$1,806$992$517$259$127$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,850,000, adding $3,420 every year, while hoping to spend $39,368 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: 38/39/23 Blend
47$1,850,000$1,850,000$1,850,000$1,850,000
48$2,042,228$1,944,178$1,915,503$2,105,679
49$2,208,648$1,997,555$1,937,785$2,205,481
50$2,390,723$2,052,229$1,959,494$2,309,341
51$2,590,009$2,108,220$1,980,569$2,420,800
52$2,808,218$2,165,551$2,000,947$2,540,568
53$3,047,237$2,224,244$2,020,559$2,669,428
54$3,309,142$2,284,318$2,039,334$2,808,241
55$3,596,220$2,345,796$2,057,198$2,957,956
56$3,910,991$2,408,696$2,074,070$3,119,618
57$4,256,229$2,473,039$2,089,869$3,294,376
58$4,634,991$2,538,844$2,104,505$3,483,498
59$5,050,642$2,606,130$2,117,888$3,688,379
60$5,506,890$2,674,913$2,129,920$3,910,555
61$6,007,819$2,745,210$2,140,499$4,151,720
62$6,557,929$2,817,038$2,149,518$4,413,739
63$7,162,176$2,890,410$2,156,865$4,698,666
64$7,826,018$2,965,341$2,162,421$5,008,766
65$8,555,472$3,041,843$2,166,062$5,346,533
66$9,357,163$3,119,926$2,167,657$5,714,715
67$10,238,391$3,199,599$2,167,071$6,116,340
68$11,207,198$3,280,871$2,164,159$6,554,746
69$12,272,445$3,363,746$2,158,771$7,033,609
70$13,443,893$3,448,229$2,150,749$7,556,982
71$14,732,299$3,534,321$2,139,928$8,129,329
72$16,149,512$3,622,021$2,126,134$8,755,573
73$17,708,587$3,711,325$2,109,184$9,441,134
74$19,423,911$3,802,228$2,088,890$10,191,990
75$21,311,333$3,894,720$2,065,051$11,014,728
76$23,388,317$3,988,789$2,037,458$11,916,605
77$25,674,104$4,084,419$2,005,892$12,905,621
78$28,189,898$4,181,591$1,970,124$13,990,593
79$30,959,059$4,280,280$1,929,915$15,181,236
80$34,007,329$4,380,460$1,885,013$16,488,260
81$37,363,072$4,482,098$1,835,156$17,923,467
82$41,057,541$4,585,156$1,780,069$19,499,864
83$45,125,174$4,689,592$1,719,465$21,231,787
84$49,603,918$4,795,359$1,653,044$23,135,035
85$54,535,587$4,902,401$1,580,490$25,227,023
86$59,966,256$5,010,658$1,501,476$27,526,942
87$65,946,697$5,120,063$1,415,659$30,055,943
88$72,532,856$5,230,541$1,322,678$32,837,340
89$79,786,380$5,342,010$1,222,161$35,896,825
90$87,775,201$5,454,379$1,113,713$39,262,716
91$96,574,176$5,567,549$996,928$42,966,221
92$106,265,792$5,681,409$871,375$47,041,738
93$116,940,947$5,795,842$736,610$51,527,175
94$128,699,803$5,910,717$592,166$56,464,314
95$141,652,734$6,025,894$437,555$61,899,201
96$155,921,370$6,141,220$272,270$67,882,587
97$171,639,738$6,256,528$95,779$74,470,403
98$188,955,533$6,371,639$0$81,724,295
99$208,031,508$6,486,361$0$89,734,915
100$229,047,012$6,600,482$0$98,580,985