Can I retire at age 48 with 1,900,000?

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 $1,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$156,900$155,503$154,139$152,808$151,509$148,510
2 years$77,673$76,227$74,825$73,465$72,147$69,139
3 years$51,268$49,815$48,417$47,070$45,773$42,849
4 years$38,068$36,619$35,235$33,911$32,646$29,828
5 years$30,150$28,710$27,344$26,047$24,817$22,114
6 years$24,873$23,444$22,098$20,830$19,637$17,051
7 years$21,105$19,688$18,363$17,126$15,970$13,503
8 years$18,280$16,876$15,574$14,366$13,249$10,899
9 years$16,085$14,694$13,414$12,237$11,157$8,923
10 years$14,329$12,952$11,694$10,548$9,506$7,386
11 years$12,894$11,530$10,295$9,180$8,176$6,167
12 years$11,698$10,349$9,137$8,052$7,085$5,184
13 years$10,688$9,353$8,163$7,109$6,178$4,383
14 years$9,822$8,501$7,335$6,310$5,416$3,722
15 years$9,073$7,766$6,622$5,628$4,769$3,173
16 years$8,418$7,125$6,004$5,039$4,214$2,713
17 years$7,840$6,562$5,463$4,528$3,737$2,326
18 years$7,328$6,064$4,987$4,080$3,323$1,999
19 years$6,869$5,620$4,566$3,687$2,962$1,721
20 years$6,457$5,222$4,190$3,339$2,645$1,484
21 years$6,085$4,864$3,854$3,031$2,367$1,282
22 years$5,747$4,540$3,552$2,755$2,122$1,108
23 years$5,439$4,247$3,280$2,509$1,905$959
24 years$5,157$3,979$3,033$2,289$1,712$831
25 years$4,898$3,734$2,809$2,090$1,541$720
26 years$4,660$3,509$2,606$1,911$1,388$625
27 years$4,439$3,303$2,420$1,749$1,251$542
28 years$4,235$3,112$2,249$1,603$1,129$471
29 years$4,045$2,936$2,093$1,470$1,019$409
30 years$3,868$2,773$1,950$1,349$921$355
31 years$3,702$2,621$1,818$1,239$833$309
32 years$3,548$2,480$1,696$1,139$753$269
33 years$3,403$2,349$1,583$1,047$682$234
34 years$3,266$2,226$1,479$963$617$203
35 years$3,138$2,111$1,383$887$559$177
36 years$3,018$2,004$1,294$817$507$154
37 years$2,904$1,903$1,211$752$459$134
38 years$2,796$1,809$1,134$694$416$117
39 years$2,694$1,720$1,063$640$377$101
40 years$2,598$1,636$996$590$342$88
41 years$2,506$1,558$934$544$311$77
42 years$2,419$1,484$876$502$282$67
43 years$2,336$1,414$822$464$256$58
44 years$2,257$1,347$772$428$232$51
45 years$2,182$1,285$725$395$211$44
46 years$2,111$1,226$681$365$191$38
47 years$2,043$1,170$639$337$174$34
48 years$1,977$1,117$601$312$158$29
49 years$1,915$1,066$565$288$143$25
50 years$1,855$1,019$531$266$130$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,900,000, adding $4,271 every year, while hoping to spend $36,817 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: 69/12/19 Blend
47$1,900,000$1,900,000$1,900,000$1,900,000
48$2,098,206$1,997,506$1,968,056$2,232,973
49$2,273,049$2,056,210$1,994,812$2,382,165
50$2,464,494$2,116,558$2,021,232$2,540,622
51$2,674,192$2,178,589$2,047,263$2,713,098
52$2,903,967$2,242,347$2,072,854$2,900,973
53$3,155,825$2,307,875$2,097,947$3,105,769
54$3,431,975$2,375,217$2,122,485$3,329,159
55$3,734,852$2,444,418$2,146,403$3,572,987
56$4,067,135$2,515,524$2,169,637$3,839,285
57$4,431,779$2,588,580$2,192,115$4,130,289
58$4,832,035$2,663,635$2,213,765$4,448,466
59$5,271,485$2,740,736$2,234,509$4,796,529
60$5,754,077$2,819,932$2,254,266$5,177,470
61$6,284,158$2,901,274$2,272,949$5,594,584
62$6,866,516$2,984,811$2,290,467$6,051,501
63$7,506,429$3,070,594$2,306,725$6,552,221
64$8,209,707$3,158,676$2,321,623$7,101,151
65$8,982,755$3,249,109$2,335,056$7,703,145
66$9,832,628$3,341,947$2,346,911$8,363,553
67$10,767,096$3,437,243$2,357,073$9,088,268
68$11,794,724$3,535,052$2,365,420$9,883,785
69$12,924,946$3,635,429$2,371,821$10,757,259
70$14,168,156$3,738,431$2,376,142$11,716,575
71$15,535,806$3,844,112$2,378,241$12,770,420
72$17,040,516$3,952,531$2,377,970$13,928,367
73$18,696,187$4,063,744$2,375,171$15,200,965
74$20,518,140$4,177,809$2,369,681$16,599,836
75$22,523,252$4,294,784$2,361,327$18,137,789
76$24,730,122$4,414,726$2,349,930$19,828,938
77$27,159,243$4,537,696$2,335,300$21,688,834
78$29,833,192$4,663,750$2,317,240$23,734,617
79$32,776,852$4,792,947$2,295,541$25,985,169
80$36,017,636$4,925,347$2,269,987$28,461,304
81$39,585,752$5,061,006$2,240,349$31,185,952
82$43,514,488$5,199,985$2,206,389$34,184,385
83$47,840,520$5,342,339$2,167,858$37,484,451
84$52,604,266$5,488,126$2,124,494$41,116,837
85$57,850,260$5,637,403$2,076,024$45,115,361
86$63,627,578$5,790,227$2,022,161$49,517,290
87$69,990,294$5,946,651$1,962,607$54,363,689
88$76,997,997$6,106,730$1,897,048$59,699,815
89$84,716,350$6,270,517$1,825,156$65,575,538
90$93,217,708$6,438,063$1,746,589$72,045,817
91$102,581,804$6,609,418$1,660,990$79,171,213
92$112,896,498$6,784,630$1,567,983$87,018,468
93$124,258,609$6,963,745$1,467,179$95,661,129
94$136,774,825$7,146,806$1,358,167$105,180,246
95$150,562,713$7,333,855$1,240,521$115,665,136
96$165,751,827$7,524,931$1,113,796$127,214,227
97$182,484,929$7,720,069$977,524$139,935,986
98$200,919,340$7,919,300$831,219$153,949,945
99$221,228,420$8,122,653$674,372$169,387,829
100$243,603,209$8,330,153$506,454$186,394,798