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

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 $1,880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$155,249$153,866$152,517$151,200$149,914$144,194
2 years$76,856$75,424$74,037$72,692$71,388$65,692
3 years$50,728$49,291$47,907$46,575$45,291$39,799
4 years$37,667$36,234$34,864$33,554$32,302$27,056
5 years$29,832$28,408$27,056$25,773$24,556$19,568
6 years$24,611$23,197$21,865$20,611$19,430$14,705
7 years$20,883$19,481$18,170$16,945$15,802$11,338
8 years$18,088$16,699$15,410$14,215$13,109$8,902
9 years$15,915$14,539$13,272$12,108$11,040$7,083
10 years$14,178$12,816$11,571$10,437$9,406$5,694
11 years$12,758$11,409$10,187$9,084$8,090$4,612
12 years$11,575$10,240$9,041$7,967$7,010$3,759
13 years$10,575$9,254$8,077$7,034$6,113$3,078
14 years$9,719$8,412$7,257$6,244$5,359$2,531
15 years$8,977$7,684$6,553$5,569$4,718$2,087
16 years$8,329$7,050$5,941$4,986$4,170$1,726
17 years$7,758$6,493$5,406$4,480$3,697$1,430
18 years$7,250$6,000$4,935$4,037$3,288$1,187
19 years$6,797$5,560$4,518$3,648$2,930$986
20 years$6,390$5,167$4,146$3,304$2,617$821
21 years$6,021$4,813$3,814$2,999$2,342$683
22 years$5,687$4,493$3,515$2,726$2,100$570
23 years$5,382$4,202$3,245$2,483$1,885$475
24 years$5,103$3,937$3,001$2,265$1,694$396
25 years$4,847$3,695$2,780$2,068$1,524$331
26 years$4,611$3,472$2,578$1,891$1,373$276
27 years$4,392$3,268$2,394$1,731$1,238$231
28 years$4,190$3,079$2,226$1,586$1,117$193
29 years$4,002$2,905$2,071$1,454$1,009$161
30 years$3,827$2,743$1,929$1,335$911$135
31 years$3,663$2,593$1,799$1,226$824$113
32 years$3,510$2,454$1,678$1,127$745$94
33 years$3,367$2,324$1,567$1,036$675$79
34 years$3,232$2,203$1,464$953$611$66
35 years$3,105$2,089$1,369$877$553$55
36 years$2,986$1,983$1,280$808$501$46
37 years$2,873$1,883$1,198$745$454$39
38 years$2,767$1,790$1,122$686$412$32
39 years$2,666$1,702$1,051$633$373$27
40 years$2,570$1,619$985$584$339$23
41 years$2,480$1,541$924$538$307$19
42 years$2,394$1,468$867$497$279$16
43 years$2,312$1,399$813$459$253$13
44 years$2,234$1,333$764$424$230$11
45 years$2,159$1,271$717$391$209$9
46 years$2,089$1,213$673$361$189$8
47 years$2,021$1,157$633$334$172$6
48 years$1,956$1,105$594$308$156$5
49 years$1,895$1,055$559$285$142$5
50 years$1,836$1,008$525$264$129$4

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 $4,560 every year, while hoping to spend $46,939 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: 89/6/5 Blend
47$1,880,000$1,880,000$1,880,000$1,880,000
48$2,076,464$1,976,824$1,947,684$2,261,173
49$2,238,320$2,023,745$1,962,988$2,428,876
50$2,415,113$2,071,393$1,977,232$2,606,156
51$2,608,316$2,119,752$1,990,331$2,799,521
52$2,819,551$2,168,808$2,002,195$3,010,557
53$3,050,607$2,218,540$2,012,729$3,241,010
54$3,303,448$2,268,929$2,021,835$3,492,804
55$3,580,243$2,319,949$2,029,410$3,768,057
56$3,883,375$2,371,574$2,035,343$4,069,100
57$4,215,473$2,423,774$2,039,520$4,398,502
58$4,579,428$2,476,516$2,041,821$4,759,093
59$4,978,427$2,529,763$2,042,119$5,153,988
60$5,415,979$2,583,473$2,040,282$5,586,620
61$5,895,948$2,637,603$2,036,171$6,060,770
62$6,422,591$2,692,102$2,029,639$6,580,601
63$7,000,597$2,746,917$2,020,534$7,150,703
64$7,635,132$2,801,990$2,008,696$7,776,128
65$8,331,884$2,857,256$1,993,956$8,462,444
66$9,097,121$2,912,646$1,976,138$9,215,785
67$9,937,747$2,968,085$1,955,058$10,042,908
68$10,861,367$3,023,491$1,930,522$10,951,258
69$11,876,360$3,078,776$1,902,329$11,949,036
70$12,991,957$3,133,845$1,870,265$13,045,280
71$14,218,328$3,188,595$1,834,110$14,249,946
72$15,566,677$3,242,914$1,793,632$15,574,003
73$17,049,346$3,296,686$1,748,587$17,029,538
74$18,679,936$3,349,780$1,698,721$18,629,869
75$20,473,430$3,402,060$1,643,769$20,389,669
76$22,446,337$3,453,378$1,583,452$22,325,106
77$24,616,846$3,503,576$1,517,480$24,453,994
78$27,004,997$3,552,484$1,445,549$26,795,965
79$29,632,873$3,599,922$1,367,342$29,372,646
80$32,524,804$3,645,696$1,282,525$32,207,872
81$35,707,597$3,689,598$1,190,752$35,327,905
82$39,210,790$3,731,406$1,091,661$38,761,683
83$43,066,931$3,770,886$984,872$42,541,093
84$47,311,883$3,807,784$869,990$46,701,274
85$51,985,162$3,841,832$746,601$51,280,943
86$57,130,310$3,872,744$614,274$56,322,768
87$62,795,307$3,900,214$472,558$61,873,763
88$69,033,022$3,923,918$320,983$67,985,736
89$75,901,711$3,943,510$159,056$74,715,776
90$83,465,566$3,958,623$0$82,126,796
91$91,795,324$3,968,866$0$90,288,851
92$100,968,929$3,973,823$0$99,286,705
93$111,072,273$3,973,053$0$109,196,074
94$122,200,000$3,966,087$0$120,109,757
95$134,456,403$3,952,428$0$132,130,010
96$147,956,407$3,931,548$0$145,369,516
97$162,826,653$3,902,887$0$159,952,448
98$179,206,693$3,865,850$0$176,015,638
99$197,250,307$3,819,808$0$193,709,869
100$217,126,952$3,764,092$0$213,201,303