Can I retire at age 48 with 1,860,000?

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 $1,860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$153,597$152,229$150,894$149,591$148,319$146,526
2 years$76,038$74,622$73,250$71,919$70,628$68,824
3 years$50,189$48,766$47,397$46,079$44,809$43,050
4 years$37,266$35,848$34,493$33,197$31,958$30,257
5 years$29,515$28,106$26,768$25,499$24,294$22,656
6 years$24,349$22,950$21,633$20,392$19,223$17,650
7 years$20,661$19,274$17,977$16,765$15,634$14,126
8 years$17,896$16,521$15,246$14,064$12,970$11,528
9 years$15,746$14,385$13,131$11,979$10,922$9,545
10 years$14,027$12,679$11,448$10,326$9,306$7,994
11 years$12,622$11,288$10,079$8,987$8,004$6,754
12 years$11,452$10,131$8,945$7,883$6,936$5,748
13 years$10,463$9,156$7,991$6,959$6,048$4,920
14 years$9,615$8,322$7,180$6,178$5,302$4,232
15 years$8,882$7,602$6,483$5,509$4,668$3,655
16 years$8,241$6,975$5,878$4,933$4,126$3,167
17 years$7,675$6,424$5,348$4,432$3,658$2,753
18 years$7,173$5,936$4,882$3,994$3,253$2,398
19 years$6,725$5,501$4,470$3,609$2,899$2,094
20 years$6,322$5,112$4,102$3,269$2,590$1,831
21 years$5,957$4,762$3,773$2,967$2,317$1,604
22 years$5,626$4,445$3,477$2,697$2,077$1,407
23 years$5,325$4,157$3,211$2,457$1,865$1,236
24 years$5,049$3,895$2,969$2,241$1,676$1,087
25 years$4,795$3,655$2,750$2,046$1,508$956
26 years$4,562$3,435$2,551$1,871$1,358$842
27 years$4,346$3,233$2,369$1,713$1,225$742
28 years$4,146$3,047$2,202$1,569$1,105$654
29 years$3,959$2,874$2,049$1,439$998$577
30 years$3,786$2,714$1,909$1,321$902$510
31 years$3,624$2,566$1,779$1,213$815$450
32 years$3,473$2,428$1,660$1,115$737$398
33 years$3,331$2,299$1,550$1,025$667$351
34 years$3,198$2,179$1,448$943$604$310
35 years$3,072$2,067$1,354$868$547$274
36 years$2,954$1,962$1,267$800$496$243
37 years$2,843$1,863$1,186$737$449$215
38 years$2,737$1,771$1,110$679$407$190
39 years$2,637$1,684$1,040$626$369$168
40 years$2,543$1,602$975$577$335$149
41 years$2,453$1,525$914$533$304$132
42 years$2,368$1,452$858$492$276$116
43 years$2,287$1,384$805$454$250$103
44 years$2,210$1,319$755$419$227$91
45 years$2,136$1,258$709$387$206$81
46 years$2,066$1,200$666$358$187$71
47 years$2,000$1,145$626$330$170$63
48 years$1,936$1,093$588$305$154$56
49 years$1,874$1,044$553$282$140$50
50 years$1,816$997$520$261$127$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,860,000, adding $2,387 every year, while hoping to spend $36,884 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: 54/38/8 Blend
47$1,860,000$1,860,000$1,860,000$1,860,000
48$2,052,182$1,953,602$1,924,772$2,158,910
49$2,222,260$2,010,084$1,950,008$2,287,907
50$2,408,451$2,068,098$1,974,853$2,423,979
51$2,612,357$2,127,679$1,999,254$2,571,185
52$2,835,746$2,188,865$2,023,159$2,730,586
53$3,080,565$2,251,691$2,046,507$2,903,350
54$3,348,955$2,316,197$2,069,238$3,090,764
55$3,643,278$2,382,420$2,091,286$3,294,240
56$3,966,133$2,450,399$2,112,585$3,515,337
57$4,320,383$2,520,173$2,133,061$3,755,768
58$4,709,182$2,591,781$2,152,638$4,017,418
59$5,136,004$2,665,264$2,171,237$4,302,366
60$5,604,677$2,740,663$2,188,774$4,612,898
61$6,119,415$2,818,016$2,205,159$4,951,531
62$6,684,863$2,897,367$2,220,300$5,321,037
63$7,306,137$2,978,756$2,234,098$5,724,470
64$7,988,872$3,062,224$2,246,449$6,165,191
65$8,739,278$3,147,814$2,257,246$6,646,904
66$9,564,195$3,235,567$2,266,375$7,173,685
67$10,471,159$3,325,526$2,273,714$7,750,027
68$11,468,473$3,417,732$2,279,139$8,380,878
69$12,565,284$3,512,228$2,282,517$9,071,686
70$13,771,672$3,609,056$2,283,710$9,828,455
71$15,098,739$3,708,257$2,282,572$10,657,797
72$16,558,723$3,809,874$2,278,950$11,566,997
73$18,165,101$3,913,947$2,272,684$12,564,081
74$19,932,728$4,020,517$2,263,605$13,657,890
75$21,877,969$4,129,624$2,251,539$14,858,164
76$24,018,856$4,241,310$2,236,299$16,175,634
77$26,375,257$4,355,612$2,217,693$17,622,124
78$28,969,065$4,472,569$2,195,517$19,210,660
79$31,824,402$4,592,217$2,169,560$20,955,595
80$34,967,850$4,714,595$2,139,599$22,872,742
81$38,428,696$4,839,735$2,105,401$24,979,525
82$42,239,213$4,967,672$2,066,722$27,295,143
83$46,434,963$5,098,439$2,023,308$29,840,749
84$51,055,131$5,232,064$1,974,890$32,639,652
85$56,142,896$5,368,577$1,921,190$35,717,536
86$61,745,838$5,508,003$1,861,916$39,102,700
87$67,916,385$5,650,366$1,796,762$42,826,328
88$74,712,310$5,795,689$1,725,408$46,922,783
89$82,197,277$5,943,988$1,647,520$51,429,929
90$90,441,435$6,095,280$1,562,748$56,389,488
91$99,522,089$6,249,576$1,470,728$61,847,438
92$109,524,422$6,406,885$1,371,077$67,854,441
93$120,542,302$6,567,211$1,263,397$74,466,325
94$132,679,167$6,730,555$1,147,271$81,744,611
95$146,049,001$6,896,911$1,022,263$89,757,091
96$160,777,410$7,066,270$887,920$98,578,468
97$177,002,805$7,238,618$743,765$108,291,064
98$194,877,714$7,413,932$589,303$118,985,596
99$214,570,212$7,592,186$424,016$130,762,029
100$236,265,517$7,773,347$247,364$143,730,525