Can I retire at age 48 with 1,890,000?

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 $1,890,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$156,074$154,684$153,328$152,004$150,711$147,187
2 years$77,265$75,826$74,431$73,079$71,767$68,237
3 years$50,998$49,553$48,162$46,822$45,532$42,106
4 years$37,867$36,427$35,049$33,733$32,474$29,178
5 years$29,991$28,559$27,200$25,910$24,686$21,530
6 years$24,742$23,320$21,981$20,720$19,533$16,520
7 years$20,994$19,585$18,267$17,035$15,886$13,016
8 years$18,184$16,788$15,492$14,291$13,179$10,451
9 years$16,000$14,617$13,343$12,172$11,098$8,510
10 years$14,254$12,884$11,633$10,493$9,456$7,005
11 years$12,826$11,470$10,241$9,132$8,133$5,816
12 years$11,637$10,295$9,089$8,010$7,048$4,860
13 years$10,632$9,303$8,120$7,071$6,146$4,084
14 years$9,771$8,456$7,296$6,277$5,387$3,447
15 years$9,025$7,725$6,587$5,598$4,743$2,920
16 years$8,373$7,088$5,972$5,013$4,192$2,482
17 years$7,799$6,527$5,435$4,504$3,717$2,114
18 years$7,289$6,032$4,961$4,059$3,305$1,805
19 years$6,833$5,590$4,542$3,667$2,946$1,544
20 years$6,424$5,195$4,168$3,322$2,631$1,322
21 years$6,053$4,839$3,834$3,015$2,355$1,134
22 years$5,717$4,517$3,534$2,741$2,111$974
23 years$5,411$4,224$3,263$2,496$1,895$837
24 years$5,130$3,958$3,017$2,277$1,703$720
25 years$4,873$3,714$2,795$2,079$1,532$619
26 years$4,635$3,491$2,592$1,901$1,380$533
27 years$4,416$3,285$2,407$1,740$1,245$460
28 years$4,212$3,096$2,237$1,594$1,123$396
29 years$4,023$2,920$2,082$1,462$1,014$342
30 years$3,847$2,758$1,939$1,342$916$295
31 years$3,683$2,607$1,808$1,232$828$254
32 years$3,529$2,467$1,687$1,133$749$219
33 years$3,385$2,336$1,575$1,041$678$189
34 years$3,249$2,214$1,472$958$614$163
35 years$3,122$2,100$1,376$882$556$141
36 years$3,002$1,993$1,287$812$504$122
37 years$2,888$1,893$1,205$749$457$105
38 years$2,781$1,799$1,128$690$414$91
39 years$2,680$1,711$1,057$636$375$79
40 years$2,584$1,628$991$587$341$68
41 years$2,493$1,550$929$541$309$59
42 years$2,406$1,476$871$500$280$51
43 years$2,324$1,406$818$461$254$44
44 years$2,246$1,340$768$426$231$38
45 years$2,171$1,278$721$393$210$33
46 years$2,100$1,219$677$363$190$28
47 years$2,032$1,164$636$336$173$24
48 years$1,967$1,111$598$310$157$21
49 years$1,905$1,061$562$287$143$18
50 years$1,845$1,013$528$265$129$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,890,000, adding $4,619 every year, while hoping to spend $42,768 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: 31/44/25 Blend
47$1,890,000$1,890,000$1,890,000$1,890,000
48$2,087,544$1,987,374$1,958,079$2,136,065
49$2,254,969$2,039,251$1,978,170$2,225,490
50$2,438,038$2,092,236$1,997,501$2,317,569
51$2,638,301$2,146,339$2,016,000$2,415,825
52$2,857,466$2,201,568$2,033,594$2,520,827
53$3,097,412$2,257,929$2,050,205$2,633,200
54$3,360,210$2,315,430$2,065,749$2,753,634
55$3,648,140$2,374,075$2,080,140$2,882,886
56$3,963,712$2,433,866$2,093,286$3,021,792
57$4,309,692$2,494,806$2,105,092$3,171,273
58$4,689,124$2,556,896$2,115,457$3,332,343
59$5,105,364$2,620,132$2,124,273$3,506,121
60$5,562,105$2,684,513$2,131,431$3,693,838
61$6,063,418$2,750,032$2,136,812$3,896,852
62$6,613,785$2,816,682$2,140,293$4,116,659
63$7,218,144$2,884,453$2,141,746$4,354,908
64$7,881,935$2,953,331$2,141,035$4,613,417
65$8,611,150$3,023,303$2,138,018$4,894,188
66$9,412,391$3,094,348$2,132,545$5,199,430
67$10,292,930$3,166,446$2,124,460$5,531,578
68$11,260,779$3,239,572$2,113,600$5,893,315
69$12,324,765$3,313,697$2,099,791$6,287,598
70$13,494,611$3,388,789$2,082,855$6,717,689
71$14,781,033$3,464,811$2,062,602$7,187,181
72$16,195,834$3,541,722$2,038,835$7,700,038
73$17,752,019$3,619,477$2,011,346$8,260,628
74$19,463,918$3,698,024$1,979,919$8,873,767
75$21,347,318$3,777,307$1,944,326$9,544,764
76$23,419,615$3,857,266$1,904,331$10,279,471
77$25,699,974$3,937,830$1,859,685$11,084,341
78$28,209,514$4,018,926$1,810,127$11,966,487
79$30,971,503$4,100,472$1,755,385$12,933,749
80$34,011,581$4,182,380$1,695,175$13,994,772
81$37,357,998$4,264,552$1,629,199$15,159,087
82$41,041,882$4,346,884$1,557,145$16,437,198
83$45,097,533$4,429,260$1,478,689$17,840,685
84$49,562,747$4,511,559$1,393,490$19,382,317
85$54,479,168$4,593,646$1,301,193$21,076,167
86$59,892,686$4,675,378$1,201,426$22,937,750
87$65,853,867$4,756,599$1,093,801$24,984,167
88$72,418,431$4,837,141$977,912$27,234,272
89$79,647,775$4,916,826$853,337$29,708,849
90$87,609,557$4,995,459$719,632$32,430,805
91$96,378,328$5,072,832$576,336$35,425,396
92$106,036,240$5,148,724$422,967$38,720,459
93$116,673,820$5,222,896$259,020$42,346,678
94$128,390,823$5,295,090$83,970$46,337,880
95$141,297,173$5,365,036$0$50,731,348
96$155,514,000$5,432,438$0$55,595,614
97$171,174,786$5,496,986$0$60,974,232
98$188,426,621$5,558,345$0$66,894,875
99$207,431,591$5,616,158$0$73,412,747
100$228,368,310$5,670,047$0$80,588,692