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%17.5%
1 years$156,074$154,684$153,328$152,004$150,711$146,121
2 years$77,265$75,826$74,431$73,079$71,767$67,182
3 years$50,998$49,553$48,162$46,822$45,532$41,096
4 years$37,867$36,427$35,049$33,733$32,474$28,220
5 years$29,991$28,559$27,200$25,910$24,686$20,627
6 years$24,742$23,320$21,981$20,720$19,533$15,672
7 years$20,994$19,585$18,267$17,035$15,886$12,222
8 years$18,184$16,788$15,492$14,291$13,179$9,711
9 years$16,000$14,617$13,343$12,172$11,098$7,822
10 years$14,254$12,884$11,633$10,493$9,456$6,367
11 years$12,826$11,470$10,241$9,132$8,133$5,225
12 years$11,637$10,295$9,089$8,010$7,048$4,315
13 years$10,632$9,303$8,120$7,071$6,146$3,583
14 years$9,771$8,456$7,296$6,277$5,387$2,987
15 years$9,025$7,725$6,587$5,598$4,743$2,498
16 years$8,373$7,088$5,972$5,013$4,192$2,096
17 years$7,799$6,527$5,435$4,504$3,717$1,762
18 years$7,289$6,032$4,961$4,059$3,305$1,484
19 years$6,833$5,590$4,542$3,667$2,946$1,253
20 years$6,424$5,195$4,168$3,322$2,631$1,058
21 years$6,053$4,839$3,834$3,015$2,355$895
22 years$5,717$4,517$3,534$2,741$2,111$758
23 years$5,411$4,224$3,263$2,496$1,895$642
24 years$5,130$3,958$3,017$2,277$1,703$544
25 years$4,873$3,714$2,795$2,079$1,532$462
26 years$4,635$3,491$2,592$1,901$1,380$392
27 years$4,416$3,285$2,407$1,740$1,245$333
28 years$4,212$3,096$2,237$1,594$1,123$283
29 years$4,023$2,920$2,082$1,462$1,014$240
30 years$3,847$2,758$1,939$1,342$916$204
31 years$3,683$2,607$1,808$1,232$828$174
32 years$3,529$2,467$1,687$1,133$749$148
33 years$3,385$2,336$1,575$1,041$678$125
34 years$3,249$2,214$1,472$958$614$107
35 years$3,122$2,100$1,376$882$556$91
36 years$3,002$1,993$1,287$812$504$77
37 years$2,888$1,893$1,205$749$457$66
38 years$2,781$1,799$1,128$690$414$56
39 years$2,680$1,711$1,057$636$375$48
40 years$2,584$1,628$991$587$341$40
41 years$2,493$1,550$929$541$309$34
42 years$2,406$1,476$871$500$280$29
43 years$2,324$1,406$818$461$254$25
44 years$2,246$1,340$768$426$231$21
45 years$2,171$1,278$721$393$210$18
46 years$2,100$1,219$677$363$190$15
47 years$2,032$1,164$636$336$173$13
48 years$1,967$1,111$598$310$157$11
49 years$1,905$1,061$562$287$143$9
50 years$1,845$1,013$528$265$129$8

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 $5,352 every year, while hoping to spend $39,119 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: 54/33/13 Blend
47$1,890,000$1,890,000$1,890,000$1,890,000
48$2,088,301$1,988,131$1,958,836$2,193,699
49$2,259,685$2,043,927$1,982,834$2,321,790
50$2,447,239$2,101,146$2,006,326$2,456,463
51$2,652,572$2,159,816$2,029,252$2,602,144
52$2,877,454$2,219,966$2,051,551$2,759,891
53$3,123,834$2,281,625$2,073,158$2,930,863
54$3,393,861$2,344,820$2,094,005$3,116,340
55$3,689,900$2,409,581$2,114,019$3,317,730
56$4,014,555$2,475,937$2,133,124$3,536,582
57$4,370,697$2,543,914$2,151,241$3,774,604
58$4,761,484$2,613,542$2,168,284$4,033,674
59$5,190,398$2,684,849$2,184,164$4,315,861
60$5,661,274$2,757,862$2,198,789$4,623,445
61$6,178,335$2,832,608$2,212,060$4,958,935
62$6,746,235$2,909,115$2,223,872$5,325,095
63$7,370,097$2,987,408$2,234,119$5,724,971
64$8,055,570$3,067,514$2,242,685$6,161,917
65$8,808,873$3,149,457$2,249,450$6,639,625
66$9,636,859$3,233,262$2,254,288$7,162,167
67$10,547,079$3,318,952$2,257,066$7,734,025
68$11,547,850$3,406,549$2,257,647$8,360,139
69$12,648,336$3,496,076$2,255,883$9,045,949
70$13,858,634$3,587,551$2,251,623$9,797,451
71$15,189,867$3,680,994$2,244,705$10,621,249
72$16,654,293$3,776,421$2,234,961$11,524,620
73$18,265,413$3,873,849$2,222,216$12,515,583
74$20,038,109$3,973,291$2,206,283$13,602,970
75$21,988,772$4,074,758$2,186,970$14,796,516
76$24,135,467$4,178,261$2,164,073$16,106,946
77$26,498,095$4,283,807$2,137,380$17,546,079
78$29,098,587$4,391,399$2,106,669$19,126,935
79$31,961,106$4,501,041$2,071,706$20,863,864
80$35,112,278$4,612,731$2,032,247$22,772,677
81$38,581,440$4,726,465$1,988,037$24,870,796
82$42,400,920$4,842,235$1,938,809$27,177,422
83$46,606,338$4,960,028$1,884,283$29,713,708
84$51,236,945$5,079,830$1,824,167$32,502,970
85$56,335,992$5,201,621$1,758,156$35,570,895
86$61,951,138$5,325,374$1,685,928$38,945,795
87$68,134,898$5,451,061$1,607,151$42,658,864
88$74,945,141$5,578,647$1,521,473$46,744,480
89$82,445,633$5,708,089$1,428,531$51,240,527
90$90,706,643$5,839,341$1,327,942$56,188,753
91$99,805,600$5,972,348$1,219,308$61,635,161
92$109,827,827$6,107,049$1,102,210$67,630,449
93$120,867,347$6,243,375$976,215$74,230,487
94$133,027,765$6,381,249$840,867$81,496,839
95$146,423,252$6,520,585$695,691$89,497,355
96$161,179,618$6,661,289$540,192$98,306,802
97$177,435,502$6,803,254$373,851$108,007,574
98$195,343,676$6,946,366$196,127$118,690,473
99$215,072,491$7,090,498$6,458$130,455,560
100$236,807,463$7,235,511$0$143,413,106