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%11.8%
1 years$156,900$155,503$154,139$152,808$151,509$150,365
2 years$77,673$76,227$74,825$73,465$72,147$70,994
3 years$51,268$49,815$48,417$47,070$45,773$44,646
4 years$38,068$36,619$35,235$33,911$32,646$31,554
5 years$30,150$28,710$27,344$26,047$24,817$23,763
6 years$24,873$23,444$22,098$20,830$19,637$18,623
7 years$21,105$19,688$18,363$17,126$15,970$14,996
8 years$18,280$16,876$15,574$14,366$13,249$12,315
9 years$16,085$14,694$13,414$12,237$11,157$10,263
10 years$14,329$12,952$11,694$10,548$9,506$8,652
11 years$12,894$11,530$10,295$9,180$8,176$7,360
12 years$11,698$10,349$9,137$8,052$7,085$6,307
13 years$10,688$9,353$8,163$7,109$6,178$5,437
14 years$9,822$8,501$7,335$6,310$5,416$4,711
15 years$9,073$7,766$6,622$5,628$4,769$4,099
16 years$8,418$7,125$6,004$5,039$4,214$3,579
17 years$7,840$6,562$5,463$4,528$3,737$3,135
18 years$7,328$6,064$4,987$4,080$3,323$2,752
19 years$6,869$5,620$4,566$3,687$2,962$2,422
20 years$6,457$5,222$4,190$3,339$2,645$2,136
21 years$6,085$4,864$3,854$3,031$2,367$1,886
22 years$5,747$4,540$3,552$2,755$2,122$1,669
23 years$5,439$4,247$3,280$2,509$1,905$1,478
24 years$5,157$3,979$3,033$2,289$1,712$1,310
25 years$4,898$3,734$2,809$2,090$1,541$1,163
26 years$4,660$3,509$2,606$1,911$1,388$1,033
27 years$4,439$3,303$2,420$1,749$1,251$918
28 years$4,235$3,112$2,249$1,603$1,129$817
29 years$4,045$2,936$2,093$1,470$1,019$727
30 years$3,868$2,773$1,950$1,349$921$648
31 years$3,702$2,621$1,818$1,239$833$577
32 years$3,548$2,480$1,696$1,139$753$514
33 years$3,403$2,349$1,583$1,047$682$459
34 years$3,266$2,226$1,479$963$617$409
35 years$3,138$2,111$1,383$887$559$365
36 years$3,018$2,004$1,294$817$507$326
37 years$2,904$1,903$1,211$752$459$291
38 years$2,796$1,809$1,134$694$416$260
39 years$2,694$1,720$1,063$640$377$232
40 years$2,598$1,636$996$590$342$207
41 years$2,506$1,558$934$544$311$185
42 years$2,419$1,484$876$502$282$165
43 years$2,336$1,414$822$464$256$148
44 years$2,257$1,347$772$428$232$132
45 years$2,182$1,285$725$395$211$118
46 years$2,111$1,226$681$365$191$106
47 years$2,043$1,170$639$337$174$94
48 years$1,977$1,117$601$312$158$84
49 years$1,915$1,066$565$288$143$75
50 years$1,855$1,019$531$266$130$67

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 $5,283 every year, while hoping to spend $35,376 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: 58/35/7 Blend
47$1,900,000$1,900,000$1,900,000$1,900,000
48$2,099,249$1,998,549$1,969,099$2,217,550
49$2,275,733$2,058,839$1,997,424$2,357,924
50$2,469,032$2,120,896$2,025,513$2,506,383
51$2,680,825$2,184,772$2,053,319$2,667,313
52$2,912,959$2,250,516$2,080,795$2,841,908
53$3,167,470$2,318,180$2,107,891$3,031,487
54$3,446,599$2,387,817$2,134,551$3,237,496
55$3,752,814$2,459,482$2,160,721$3,461,530
56$4,088,834$2,533,230$2,186,339$3,705,344
57$4,457,656$2,609,119$2,211,342$3,970,867
58$4,862,578$2,687,207$2,235,663$4,260,226
59$5,307,235$2,767,554$2,259,231$4,575,761
60$5,795,630$2,850,221$2,281,973$4,920,047
61$6,332,173$2,935,271$2,303,808$5,295,921
62$6,921,724$3,022,769$2,324,655$5,706,507
63$7,569,635$3,112,779$2,344,425$6,155,242
64$8,281,802$3,205,369$2,363,028$6,645,915
65$9,064,722$3,300,609$2,380,365$7,182,696
66$9,925,552$3,398,568$2,396,337$7,770,179
67$10,872,179$3,499,317$2,410,834$8,413,422
68$11,913,289$3,602,932$2,423,745$9,117,997
69$13,058,455$3,709,486$2,434,951$9,890,042
70$14,318,224$3,819,057$2,444,328$10,736,316
71$15,704,214$3,931,723$2,451,745$11,664,266
72$17,229,230$4,047,563$2,457,064$12,682,096
73$18,907,378$4,166,661$2,460,143$13,798,840
74$20,754,201$4,289,098$2,460,828$15,024,455
75$22,786,826$4,414,960$2,458,962$16,369,905
76$25,024,123$4,544,333$2,454,378$17,847,272
77$27,486,885$4,677,307$2,446,901$19,469,867
78$30,198,023$4,813,971$2,436,348$21,252,353
79$33,182,783$4,954,417$2,422,527$23,210,886
80$36,468,982$5,098,738$2,405,237$25,363,266
81$40,087,272$5,247,031$2,384,266$27,729,105
82$44,071,429$5,399,390$2,359,394$30,330,010
83$48,458,671$5,555,916$2,330,390$33,189,789
84$53,290,008$5,716,709$2,297,010$36,334,674
85$58,610,630$5,881,869$2,259,002$39,793,568
86$64,470,335$6,051,502$2,216,100$43,598,319
87$70,923,995$6,225,711$2,168,024$47,784,017
88$78,032,075$6,404,603$2,114,486$52,389,327
89$85,861,205$6,588,287$2,055,179$57,456,856
90$94,484,807$6,776,872$1,989,787$63,033,548
91$103,983,787$6,970,469$1,917,975$69,171,133
92$114,447,302$7,169,190$1,839,395$75,926,611
93$125,973,596$7,373,150$1,753,684$83,362,794
94$138,670,931$7,582,463$1,660,461$91,548,893
95$152,658,608$7,797,245$1,559,328$100,561,173
96$168,068,089$8,017,613$1,449,868$110,483,675
97$185,044,244$8,243,686$1,331,649$121,409,005
98$203,746,713$8,475,582$1,204,215$133,439,210
99$224,351,414$8,713,422$1,067,093$146,686,740
100$247,052,205$8,957,327$919,787$161,275,510