Can I retire at age 48 with 1,870,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,870,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$154,423$153,047$151,705$150,395$149,116$145,217
2 years$76,447$75,023$73,643$72,306$71,008$67,106
3 years$50,458$49,028$47,652$46,327$45,050$41,268
4 years$37,467$36,041$34,679$33,376$32,130$28,496
5 years$29,674$28,257$26,912$25,636$24,425$20,950
6 years$24,480$23,074$21,749$20,501$19,327$16,013
7 years$20,772$19,377$18,073$16,855$15,718$12,567
8 years$17,992$16,610$15,328$14,139$13,039$10,049
9 years$15,831$14,462$13,202$12,044$10,981$8,149
10 years$14,103$12,747$11,510$10,382$9,356$6,679
11 years$12,690$11,348$10,133$9,035$8,047$5,520
12 years$11,514$10,186$8,993$7,925$6,973$4,592
13 years$10,519$9,205$8,034$6,997$6,081$3,841
14 years$9,667$8,367$7,219$6,211$5,330$3,226
15 years$8,930$7,643$6,518$5,539$4,693$2,720
16 years$8,285$7,013$5,909$4,960$4,148$2,300
17 years$7,716$6,458$5,377$4,456$3,678$1,949
18 years$7,212$5,968$4,909$4,016$3,270$1,655
19 years$6,761$5,531$4,494$3,629$2,915$1,408
20 years$6,356$5,140$4,124$3,286$2,604$1,200
21 years$5,989$4,787$3,793$2,983$2,330$1,024
22 years$5,657$4,469$3,496$2,712$2,088$874
23 years$5,354$4,180$3,228$2,470$1,875$747
24 years$5,076$3,916$2,985$2,253$1,685$639
25 years$4,821$3,675$2,765$2,057$1,516$547
26 years$4,586$3,454$2,564$1,881$1,366$468
27 years$4,369$3,251$2,381$1,722$1,231$401
28 years$4,168$3,063$2,214$1,577$1,111$344
29 years$3,981$2,890$2,060$1,447$1,003$295
30 years$3,807$2,729$1,919$1,328$907$253
31 years$3,644$2,580$1,789$1,219$820$217
32 years$3,492$2,441$1,669$1,121$741$186
33 years$3,349$2,312$1,558$1,030$671$160
34 years$3,215$2,191$1,456$948$607$137
35 years$3,089$2,078$1,361$873$550$118
36 years$2,970$1,972$1,274$804$499$101
37 years$2,858$1,873$1,192$741$452$87
38 years$2,752$1,780$1,116$683$410$74
39 years$2,652$1,693$1,046$629$371$64
40 years$2,557$1,611$980$581$337$55
41 years$2,466$1,533$919$536$306$47
42 years$2,381$1,460$862$494$277$41
43 years$2,299$1,391$809$456$252$35
44 years$2,222$1,326$759$421$228$30
45 years$2,148$1,265$713$389$207$26
46 years$2,078$1,206$670$359$188$22
47 years$2,010$1,151$629$332$171$19
48 years$1,946$1,099$591$307$155$16
49 years$1,885$1,049$556$284$141$14
50 years$1,826$1,002$523$262$128$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,870,000, adding $2,232 every year, while hoping to spend $48,009 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: 49/41/10 Blend
47$1,870,000$1,870,000$1,870,000$1,870,000
48$2,063,042$1,963,932$1,934,947$2,158,477
49$2,222,391$2,009,084$1,948,687$2,269,281
50$2,396,385$2,054,839$1,961,278$2,384,332
51$2,586,466$2,101,176$1,972,630$2,508,196
52$2,794,224$2,148,071$1,982,651$2,641,712
53$3,021,407$2,195,499$1,991,242$2,785,802
54$3,269,941$2,243,429$1,998,299$2,941,483
55$3,541,946$2,291,828$2,003,714$3,109,874
56$3,839,758$2,340,661$2,007,372$3,292,209
57$4,165,947$2,389,888$2,009,153$3,489,847
58$4,523,346$2,439,464$2,008,931$3,704,286
59$4,915,072$2,489,343$2,006,575$3,937,176
60$5,344,560$2,539,471$2,001,946$4,190,333
61$5,815,593$2,589,793$1,994,899$4,465,762
62$6,332,336$2,640,245$1,985,281$4,765,669
63$6,899,379$2,690,762$1,972,933$5,092,489
64$7,521,776$2,741,270$1,957,687$5,448,901
65$8,205,096$2,791,691$1,939,368$5,837,860
66$8,955,472$2,841,940$1,917,792$6,262,624
67$9,779,660$2,891,925$1,892,768$6,726,780
68$10,685,103$2,941,546$1,864,093$7,234,286
69$11,680,000$2,990,699$1,831,558$7,789,501
70$12,773,385$3,039,269$1,794,940$8,397,232
71$13,975,209$3,087,132$1,754,009$9,062,775
72$15,296,436$3,134,156$1,708,524$9,791,969
73$16,749,144$3,180,202$1,658,231$10,591,249
74$18,346,642$3,225,116$1,602,866$11,467,709
75$20,103,590$3,268,738$1,542,153$12,429,169
76$22,036,143$3,310,893$1,475,802$13,484,247
77$24,162,099$3,351,396$1,403,511$14,642,442
78$26,501,068$3,390,049$1,324,964$15,914,227
79$29,074,656$3,426,641$1,239,829$17,311,143
80$31,906,671$3,460,946$1,147,763$18,845,913
81$35,023,343$3,492,724$1,048,405$20,532,561
82$38,453,574$3,521,718$941,377$22,386,545
83$42,229,211$3,547,655$826,286$24,424,902
84$46,385,345$3,570,244$702,720$26,666,415
85$50,960,640$3,589,175$570,251$29,131,784
86$55,997,700$3,604,120$428,429$31,843,827
87$61,543,472$3,614,728$276,788$34,827,696
88$67,649,683$3,620,627$114,838$38,111,111
89$74,373,335$3,621,422$0$41,724,631
90$81,777,235$3,616,692$0$45,708,122
91$89,930,595$3,605,992$0$50,105,999
92$98,909,678$3,588,848$0$54,946,974
93$108,798,522$3,564,758$0$60,276,208
94$119,689,729$3,533,189$0$66,143,477
95$131,685,344$3,493,577$0$72,603,637
96$144,897,809$3,445,323$0$79,717,150
97$159,451,034$3,387,791$0$87,550,650
98$175,481,557$3,320,311$0$96,177,576
99$193,139,839$3,242,170$0$105,678,867
100$212,591,679$3,152,613$0$116,143,727