Can I retire at age 48 with 1,880,000?

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 $1,880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$155,249$153,866$152,517$151,200$149,914$149,157
2 years$76,856$75,424$74,037$72,692$71,388$70,623
3 years$50,728$49,291$47,907$46,575$45,291$44,544
4 years$37,667$36,234$34,864$33,554$32,302$31,577
5 years$29,832$28,408$27,056$25,773$24,556$23,855
6 years$24,611$23,197$21,865$20,611$19,430$18,755
7 years$20,883$19,481$18,170$16,945$15,802$15,153
8 years$18,088$16,699$15,410$14,215$13,109$12,486
9 years$15,915$14,539$13,272$12,108$11,040$10,442
10 years$14,178$12,816$11,571$10,437$9,406$8,834
11 years$12,758$11,409$10,187$9,084$8,090$7,543
12 years$11,575$10,240$9,041$7,967$7,010$6,488
13 years$10,575$9,254$8,077$7,034$6,113$5,615
14 years$9,719$8,412$7,257$6,244$5,359$4,884
15 years$8,977$7,684$6,553$5,569$4,718$4,266
16 years$8,329$7,050$5,941$4,986$4,170$3,741
17 years$7,758$6,493$5,406$4,480$3,697$3,290
18 years$7,250$6,000$4,935$4,037$3,288$2,901
19 years$6,797$5,560$4,518$3,648$2,930$2,564
20 years$6,390$5,167$4,146$3,304$2,617$2,270
21 years$6,021$4,813$3,814$2,999$2,342$2,014
22 years$5,687$4,493$3,515$2,726$2,100$1,790
23 years$5,382$4,202$3,245$2,483$1,885$1,592
24 years$5,103$3,937$3,001$2,265$1,694$1,418
25 years$4,847$3,695$2,780$2,068$1,524$1,265
26 years$4,611$3,472$2,578$1,891$1,373$1,129
27 years$4,392$3,268$2,394$1,731$1,238$1,008
28 years$4,190$3,079$2,226$1,586$1,117$901
29 years$4,002$2,905$2,071$1,454$1,009$806
30 years$3,827$2,743$1,929$1,335$911$721
31 years$3,663$2,593$1,799$1,226$824$646
32 years$3,510$2,454$1,678$1,127$745$578
33 years$3,367$2,324$1,567$1,036$675$518
34 years$3,232$2,203$1,464$953$611$465
35 years$3,105$2,089$1,369$877$553$417
36 years$2,986$1,983$1,280$808$501$374
37 years$2,873$1,883$1,198$745$454$335
38 years$2,767$1,790$1,122$686$412$301
39 years$2,666$1,702$1,051$633$373$270
40 years$2,570$1,619$985$584$339$243
41 years$2,480$1,541$924$538$307$218
42 years$2,394$1,468$867$497$279$196
43 years$2,312$1,399$813$459$253$176
44 years$2,234$1,333$764$424$230$158
45 years$2,159$1,271$717$391$209$142
46 years$2,089$1,213$673$361$189$127
47 years$2,021$1,157$633$334$172$115
48 years$1,956$1,105$594$308$156$103
49 years$1,895$1,055$559$285$142$92
50 years$1,836$1,008$525$264$129$83

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,880,000, adding $2,942 every year, while hoping to spend $58,206 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: 41/35/24 Blend
47$1,880,000$1,880,000$1,880,000$1,880,000
48$2,074,795$1,975,155$1,946,015$2,145,098
49$2,224,493$2,010,007$1,949,275$2,230,693
50$2,387,510$2,044,615$1,950,695$2,317,536
51$2,565,142$2,078,908$1,950,149$2,410,384
52$2,758,817$2,112,805$1,947,510$2,509,820
53$2,970,106$2,146,222$1,942,641$2,616,489
54$3,200,738$2,179,067$1,935,400$2,731,105
55$3,452,616$2,211,245$1,925,639$2,854,454
56$3,727,836$2,242,649$1,913,201$2,987,406
57$4,028,704$2,273,168$1,897,923$3,130,922
58$4,357,761$2,302,682$1,879,632$3,286,064
59$4,717,803$2,331,064$1,858,150$3,454,002
60$5,111,909$2,358,176$1,833,288$3,636,033
61$5,543,470$2,383,873$1,804,849$3,833,585
62$6,016,219$2,407,998$1,772,627$4,048,238
63$6,534,270$2,430,386$1,736,407$4,281,735
64$7,102,150$2,450,860$1,695,961$4,536,001
65$7,724,848$2,469,230$1,651,054$4,813,162
66$8,407,856$2,485,296$1,601,438$5,115,566
67$9,157,226$2,498,845$1,546,855$5,445,803
68$9,979,623$2,509,648$1,487,034$5,806,735
69$10,882,387$2,517,463$1,421,693$6,201,520
70$11,873,606$2,522,034$1,350,535$6,633,644
71$12,962,188$2,523,088$1,273,251$7,106,955
72$14,157,945$2,520,333$1,189,520$7,625,700
73$15,471,688$2,513,463$1,099,001$8,194,568
74$16,915,327$2,502,149$1,001,344$8,818,731
75$18,501,980$2,486,044$896,180$9,503,899
76$20,246,104$2,464,782$783,123$10,256,373
77$22,163,620$2,437,970$661,772$11,083,103
78$24,272,075$2,405,196$531,706$11,991,762
79$26,590,796$2,366,020$392,488$12,990,813
80$29,141,081$2,319,979$243,660$14,089,595
81$31,946,392$2,266,579$84,744$15,298,409
82$35,032,582$2,205,299$0$16,628,622
83$38,428,135$2,135,588$0$18,114,499
84$42,164,434$2,056,861$0$19,772,716
85$46,276,060$1,968,501$0$21,596,943
86$50,801,113$1,869,853$0$23,604,156
87$55,781,576$1,760,225$0$25,813,066
88$61,263,707$1,638,886$0$28,244,305
89$67,298,476$1,505,063$0$30,920,618
90$73,942,047$1,357,937$0$33,867,077
91$81,256,304$1,196,644$0$37,111,327
92$89,309,439$1,020,271$0$40,683,840
93$98,176,590$827,853$0$44,618,210
94$107,940,555$618,371$0$48,951,471
95$118,692,569$390,748$0$53,724,448
96$130,533,162$143,846$0$58,982,144
97$143,573,116$0$0$64,774,170
98$157,934,501$0$0$71,202,791
99$173,751,830$0$0$78,344,489
100$191,173,330$0$0$86,210,829