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%18.5%
1 years$156,900$155,503$154,139$152,808$151,509$146,308
2 years$77,673$76,227$74,825$73,465$72,147$66,960
3 years$51,268$49,815$48,417$47,070$45,773$40,763
4 years$38,068$36,619$35,235$33,911$32,646$27,851
5 years$30,150$28,710$27,344$26,047$24,817$20,250
6 years$24,873$23,444$22,098$20,830$19,637$15,301
7 years$21,105$19,688$18,363$17,126$15,970$11,865
8 years$18,280$16,876$15,574$14,366$13,249$9,372
9 years$16,085$14,694$13,414$12,237$11,157$7,503
10 years$14,329$12,952$11,694$10,548$9,506$6,069
11 years$12,894$11,530$10,295$9,180$8,176$4,948
12 years$11,698$10,349$9,137$8,052$7,085$4,060
13 years$10,688$9,353$8,163$7,109$6,178$3,348
14 years$9,822$8,501$7,335$6,310$5,416$2,772
15 years$9,073$7,766$6,622$5,628$4,769$2,302
16 years$8,418$7,125$6,004$5,039$4,214$1,917
17 years$7,840$6,562$5,463$4,528$3,737$1,600
18 years$7,328$6,064$4,987$4,080$3,323$1,338
19 years$6,869$5,620$4,566$3,687$2,962$1,120
20 years$6,457$5,222$4,190$3,339$2,645$939
21 years$6,085$4,864$3,854$3,031$2,367$789
22 years$5,747$4,540$3,552$2,755$2,122$662
23 years$5,439$4,247$3,280$2,509$1,905$557
24 years$5,157$3,979$3,033$2,289$1,712$468
25 years$4,898$3,734$2,809$2,090$1,541$394
26 years$4,660$3,509$2,606$1,911$1,388$332
27 years$4,439$3,303$2,420$1,749$1,251$280
28 years$4,235$3,112$2,249$1,603$1,129$236
29 years$4,045$2,936$2,093$1,470$1,019$199
30 years$3,868$2,773$1,950$1,349$921$167
31 years$3,702$2,621$1,818$1,239$833$141
32 years$3,548$2,480$1,696$1,139$753$119
33 years$3,403$2,349$1,583$1,047$682$100
34 years$3,266$2,226$1,479$963$617$85
35 years$3,138$2,111$1,383$887$559$71
36 years$3,018$2,004$1,294$817$507$60
37 years$2,904$1,903$1,211$752$459$51
38 years$2,796$1,809$1,134$694$416$43
39 years$2,694$1,720$1,063$640$377$36
40 years$2,598$1,636$996$590$342$30
41 years$2,506$1,558$934$544$311$26
42 years$2,419$1,484$876$502$282$22
43 years$2,336$1,414$822$464$256$18
44 years$2,257$1,347$772$428$232$15
45 years$2,182$1,285$725$395$211$13
46 years$2,111$1,226$681$365$191$11
47 years$2,043$1,170$639$337$174$9
48 years$1,977$1,117$601$312$158$8
49 years$1,915$1,066$565$288$143$7
50 years$1,855$1,019$531$266$130$6

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 $3,244 every year, while hoping to spend $20,994 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: 33/42/25 Blend
47$1,900,000$1,900,000$1,900,000$1,900,000
48$2,097,146$1,996,446$1,966,996$2,150,256
49$2,288,718$2,071,935$2,010,553$2,266,043
50$2,499,126$2,150,418$2,054,866$2,388,632
51$2,730,270$2,232,022$2,099,937$2,520,333
52$2,984,242$2,316,875$2,145,769$2,661,966
53$3,263,347$2,405,115$2,192,365$2,814,430
54$3,570,124$2,496,881$2,239,724$2,978,709
55$3,907,370$2,592,322$2,287,849$3,155,887
56$4,278,168$2,691,592$2,336,739$3,347,153
57$4,685,914$2,794,853$2,386,392$3,553,812
58$5,134,347$2,902,271$2,436,806$3,777,298
59$5,627,591$3,014,022$2,487,979$4,019,187
60$6,170,186$3,130,290$2,539,907$4,281,209
61$6,767,136$3,251,266$2,592,585$4,565,268
62$7,423,955$3,377,148$2,646,007$4,873,454
63$8,146,715$3,508,145$2,700,166$5,208,067
64$8,942,111$3,644,475$2,755,052$5,571,635
65$9,817,517$3,786,365$2,810,657$5,966,936
66$10,781,058$3,934,052$2,866,969$6,397,027
67$11,841,689$4,087,783$2,923,975$6,865,270
68$13,009,274$4,247,817$2,981,661$7,375,364
69$14,294,685$4,414,425$3,040,011$7,931,376
70$15,709,899$4,587,888$3,099,008$8,537,782
71$17,268,115$4,768,501$3,158,631$9,199,508
72$18,983,878$4,956,572$3,218,860$9,921,971
73$20,873,212$5,152,423$3,279,671$10,711,136
74$22,953,777$5,356,389$3,341,037$11,573,566
75$25,245,032$5,568,822$3,402,931$12,516,485
76$27,768,419$5,790,088$3,465,323$13,547,844
77$30,547,565$6,020,570$3,528,180$14,676,397
78$33,608,508$6,260,670$3,591,465$15,911,779
79$36,979,938$6,510,804$3,655,141$17,264,598
80$40,693,469$6,771,411$3,719,166$18,746,533
81$44,783,940$7,042,947$3,783,495$20,370,443
82$49,289,741$7,325,891$3,848,081$22,150,488
83$54,253,175$7,620,740$3,912,872$24,102,259
84$59,720,860$7,928,018$3,977,815$26,242,923
85$65,744,166$8,248,268$4,042,849$28,591,388
86$72,379,700$8,582,062$4,107,914$31,168,475
87$79,689,841$8,929,995$4,172,941$33,997,113
88$87,743,330$9,292,690$4,237,860$37,102,558
89$96,615,917$9,670,799$4,302,595$40,512,624
90$106,391,075$10,065,003$4,367,066$44,257,946
91$117,160,789$10,476,012$4,431,188$48,372,268
92$129,026,426$10,904,573$4,494,868$52,892,756
93$142,099,687$11,351,463$4,558,013$57,860,351
94$156,503,667$11,817,497$4,620,518$63,320,150
95$172,374,012$12,303,525$4,682,276$69,321,829
96$189,860,202$12,810,439$4,743,173$75,920,110
97$209,126,961$13,339,168$4,803,087$83,175,277
98$230,355,811$13,890,687$4,861,891$91,153,737
99$253,746,787$14,466,015$4,919,448$99,928,650
100$279,520,326$15,066,216$4,975,616$109,580,612