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

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 $1,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$156,900$155,503$154,139$152,808$151,509$149,553
2 years$77,673$76,227$74,825$73,465$72,147$70,180
3 years$51,268$49,815$48,417$47,070$45,773$43,855
4 years$38,068$36,619$35,235$33,911$32,646$30,792
5 years$30,150$28,710$27,344$26,047$24,817$23,033
6 years$24,873$23,444$22,098$20,830$19,637$17,924
7 years$21,105$19,688$18,363$17,126$15,970$14,329
8 years$18,280$16,876$15,574$14,366$13,249$11,680
9 years$16,085$14,694$13,414$12,237$11,157$9,660
10 years$14,329$12,952$11,694$10,548$9,506$8,080
11 years$12,894$11,530$10,295$9,180$8,176$6,818
12 years$11,698$10,349$9,137$8,052$7,085$5,795
13 years$10,688$9,353$8,163$7,109$6,178$4,954
14 years$9,822$8,501$7,335$6,310$5,416$4,256
15 years$9,073$7,766$6,622$5,628$4,769$3,670
16 years$8,418$7,125$6,004$5,039$4,214$3,176
17 years$7,840$6,562$5,463$4,528$3,737$2,757
18 years$7,328$6,064$4,987$4,080$3,323$2,398
19 years$6,869$5,620$4,566$3,687$2,962$2,091
20 years$6,457$5,222$4,190$3,339$2,645$1,826
21 years$6,085$4,864$3,854$3,031$2,367$1,597
22 years$5,747$4,540$3,552$2,755$2,122$1,399
23 years$5,439$4,247$3,280$2,509$1,905$1,227
24 years$5,157$3,979$3,033$2,289$1,712$1,077
25 years$4,898$3,734$2,809$2,090$1,541$946
26 years$4,660$3,509$2,606$1,911$1,388$832
27 years$4,439$3,303$2,420$1,749$1,251$732
28 years$4,235$3,112$2,249$1,603$1,129$644
29 years$4,045$2,936$2,093$1,470$1,019$568
30 years$3,868$2,773$1,950$1,349$921$500
31 years$3,702$2,621$1,818$1,239$833$441
32 years$3,548$2,480$1,696$1,139$753$389
33 years$3,403$2,349$1,583$1,047$682$343
34 years$3,266$2,226$1,479$963$617$303
35 years$3,138$2,111$1,383$887$559$267
36 years$3,018$2,004$1,294$817$507$236
37 years$2,904$1,903$1,211$752$459$208
38 years$2,796$1,809$1,134$694$416$184
39 years$2,694$1,720$1,063$640$377$162
40 years$2,598$1,636$996$590$342$143
41 years$2,506$1,558$934$544$311$127
42 years$2,419$1,484$876$502$282$112
43 years$2,336$1,414$822$464$256$99
44 years$2,257$1,347$772$428$232$87
45 years$2,182$1,285$725$395$211$77
46 years$2,111$1,226$681$365$191$68
47 years$2,043$1,170$639$337$174$60
48 years$1,977$1,117$601$312$158$53
49 years$1,915$1,066$565$288$143$47
50 years$1,855$1,019$531$266$130$42

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 $3,365 every year, while hoping to spend $49,660 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: 59/20/21 Blend
47$1,900,000$1,900,000$1,900,000$1,900,000
48$2,097,271$1,996,571$1,967,121$2,209,151
49$2,258,355$2,041,565$1,980,182$2,330,496
50$2,434,205$2,087,100$1,992,016$2,457,079
51$2,626,275$2,133,148$2,002,529$2,594,034
52$2,836,165$2,179,683$2,011,624$2,742,374
53$3,065,637$2,226,670$2,019,196$2,903,214
54$3,316,631$2,274,076$2,025,139$3,077,786
55$3,591,283$2,321,862$2,029,336$3,267,445
56$3,891,944$2,369,984$2,031,670$3,473,686
57$4,221,205$2,418,396$2,032,014$3,698,156
58$4,581,918$2,467,047$2,030,236$3,942,670
59$4,977,223$2,515,882$2,026,198$4,209,228
60$5,410,580$2,564,840$2,019,756$4,500,035
61$5,885,797$2,613,855$2,010,756$4,817,523
62$6,407,073$2,662,858$1,999,040$5,164,370
63$6,979,027$2,711,771$1,984,441$5,543,529
64$7,606,752$2,760,512$1,966,784$5,958,254
65$8,295,854$2,808,990$1,945,884$6,412,133
66$9,052,510$2,857,110$1,921,551$6,909,121
67$9,883,526$2,904,768$1,893,583$7,453,577
68$10,796,397$2,951,853$1,861,769$8,050,304
69$11,799,380$2,998,244$1,825,888$8,704,601
70$12,901,572$3,043,814$1,785,711$9,422,303
71$14,112,996$3,088,424$1,740,996$10,209,847
72$15,444,692$3,131,928$1,691,490$11,074,325
73$16,908,824$3,174,166$1,636,929$12,023,556
74$18,518,795$3,214,970$1,577,036$13,066,159
75$20,289,368$3,254,160$1,511,523$14,211,632
76$22,236,812$3,291,543$1,440,088$15,470,447
77$24,379,050$3,326,911$1,362,414$16,854,146
78$26,735,830$3,360,047$1,278,172$18,375,451
79$29,328,910$3,390,715$1,187,016$20,048,385
80$32,182,264$3,418,665$1,088,586$21,888,405
81$35,322,308$3,443,632$982,506$23,912,548
82$38,778,145$3,465,332$868,382$26,139,594
83$42,581,846$3,483,463$745,803$28,590,241
84$46,768,747$3,497,705$614,340$31,287,304
85$51,377,783$3,507,717$473,545$34,255,930
86$56,451,858$3,513,137$322,950$37,523,837
87$62,038,246$3,513,578$162,066$41,121,573
88$68,189,036$3,508,633$0$45,082,812
89$74,961,628$3,497,866$0$49,446,823
90$82,419,269$3,480,817$0$54,291,250
91$90,631,654$3,456,996$0$59,624,949
92$99,675,579$3,425,885$0$65,497,744
93$109,635,669$3,386,934$0$71,964,539
94$120,605,173$3,339,560$0$79,085,840
95$132,686,846$3,283,144$0$86,928,325
96$145,993,918$3,217,032$0$95,565,477
97$160,651,162$3,140,530$0$105,078,272
98$176,796,069$3,052,905$0$115,555,951
99$194,580,149$2,953,378$0$127,096,859
100$214,170,358$2,841,128$0$139,809,372