Can I retire at age 48 with 1,910,000?

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 $1,910,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$157,726$156,321$154,950$153,612$152,306$150,278
2 years$78,082$76,628$75,219$73,852$72,527$70,487
3 years$51,538$50,077$48,671$47,318$46,014$44,026
4 years$38,268$36,812$35,420$34,090$32,818$30,896
5 years$30,308$28,861$27,488$26,184$24,947$23,098
6 years$25,004$23,567$22,214$20,940$19,740$17,965
7 years$21,216$19,792$18,460$17,216$16,054$14,355
8 years$18,377$16,965$15,656$14,442$13,318$11,694
9 years$16,169$14,771$13,484$12,301$11,216$9,666
10 years$14,405$13,020$11,756$10,604$9,557$8,080
11 years$12,962$11,591$10,350$9,228$8,219$6,814
12 years$11,760$10,404$9,185$8,095$7,122$5,788
13 years$10,744$9,402$8,206$7,146$6,211$4,944
14 years$9,874$8,546$7,373$6,344$5,444$4,245
15 years$9,121$7,807$6,657$5,657$4,794$3,658
16 years$8,462$7,163$6,036$5,066$4,237$3,164
17 years$7,882$6,597$5,492$4,551$3,756$2,744
18 years$7,366$6,095$5,014$4,102$3,340$2,385
19 years$6,906$5,649$4,590$3,706$2,977$2,078
20 years$6,491$5,250$4,212$3,357$2,659$1,814
21 years$6,117$4,890$3,874$3,046$2,380$1,585
22 years$5,778$4,564$3,571$2,770$2,133$1,387
23 years$5,468$4,269$3,297$2,523$1,915$1,216
24 years$5,185$4,000$3,049$2,301$1,721$1,066
25 years$4,924$3,754$2,824$2,101$1,549$936
26 years$4,684$3,528$2,619$1,921$1,395$822
27 years$4,463$3,320$2,432$1,759$1,258$723
28 years$4,257$3,128$2,261$1,611$1,135$636
29 years$4,066$2,951$2,104$1,478$1,025$560
30 years$3,888$2,787$1,960$1,356$926$493
31 years$3,722$2,635$1,827$1,245$837$434
32 years$3,566$2,493$1,705$1,145$757$383
33 years$3,421$2,361$1,592$1,052$685$337
34 years$3,284$2,238$1,487$968$620$297
35 years$3,155$2,122$1,391$891$562$262
36 years$3,034$2,014$1,301$821$509$231
37 years$2,919$1,913$1,218$756$461$204
38 years$2,811$1,818$1,140$697$418$180
39 years$2,708$1,729$1,068$643$379$159
40 years$2,611$1,645$1,001$593$344$140
41 years$2,519$1,566$939$547$312$124
42 years$2,432$1,491$881$505$283$109
43 years$2,349$1,421$826$466$257$96
44 years$2,269$1,354$776$430$233$85
45 years$2,194$1,292$728$397$212$75
46 years$2,122$1,232$684$367$192$66
47 years$2,053$1,176$643$339$175$59
48 years$1,988$1,122$604$313$159$52
49 years$1,925$1,072$568$290$144$46
50 years$1,865$1,024$534$268$131$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,910,000, adding $4,520 every year, while hoping to spend $46,138 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: 37/33/30 Blend
47$1,910,000$1,910,000$1,910,000$1,910,000
48$2,109,482$2,008,252$1,978,647$2,168,498
49$2,275,559$2,057,566$1,995,842$2,262,055
50$2,457,029$2,107,750$2,012,065$2,358,549
51$2,655,414$2,158,798$2,027,238$2,461,916
52$2,872,390$2,210,702$2,041,273$2,572,809
53$3,109,799$2,263,452$2,054,081$2,691,951
54$3,369,673$2,317,036$2,065,568$2,820,135
55$3,654,250$2,371,440$2,075,634$2,958,238
56$3,965,990$2,426,648$2,084,175$3,107,225
57$4,307,606$2,482,639$2,091,080$3,268,162
58$4,682,086$2,539,392$2,096,235$3,442,223
59$5,092,718$2,596,882$2,099,518$3,630,704
60$5,543,126$2,655,079$2,100,803$3,835,033
61$6,037,300$2,713,954$2,099,955$4,056,785
62$6,579,637$2,773,470$2,096,836$4,297,696
63$7,174,978$2,833,588$2,091,298$4,559,683
64$7,828,657$2,894,265$2,083,187$4,844,856
65$8,546,548$2,955,452$2,072,342$5,155,545
66$9,335,124$3,017,098$2,058,594$5,494,319
67$10,201,516$3,079,144$2,041,766$5,864,010
68$11,153,577$3,141,528$2,021,671$6,267,741
69$12,199,960$3,204,182$1,998,116$6,708,958
70$13,350,199$3,267,030$1,970,896$7,191,457
71$14,614,797$3,329,992$1,939,799$7,719,427
72$16,005,324$3,392,980$1,904,600$8,297,488
73$17,534,530$3,455,898$1,865,066$8,930,731
74$19,216,459$3,518,644$1,820,953$9,624,772
75$21,066,587$3,581,107$1,772,005$10,385,805
76$23,101,965$3,643,168$1,717,953$11,220,656
77$25,341,379$3,704,696$1,658,518$12,136,855
78$27,805,528$3,765,555$1,593,406$13,142,702
79$30,517,220$3,825,594$1,522,313$14,247,351
80$33,501,582$3,884,655$1,444,917$15,460,895
81$36,786,306$3,942,565$1,360,883$16,794,459
82$40,401,899$3,999,141$1,269,863$18,260,312
83$44,381,980$4,054,186$1,171,491$19,871,979
84$48,763,590$4,107,489$1,065,384$21,644,375
85$53,587,546$4,158,826$951,144$23,593,938
86$58,898,822$4,207,955$828,354$25,738,796
87$64,746,977$4,254,620$696,579$28,098,932
88$71,186,619$4,298,547$555,365$30,696,375
89$78,277,921$4,339,442$404,236$33,555,414
90$86,087,190$4,376,995$242,698$36,702,822
91$94,687,488$4,410,873$70,234$40,168,115
92$104,159,329$4,440,723$0$43,983,833
93$114,591,429$4,466,167$0$48,222,276
94$126,081,550$4,486,805$0$52,912,913
95$138,737,421$4,502,211$0$58,077,014
96$152,677,750$4,511,931$0$63,762,824
97$168,033,350$4,515,485$0$70,023,512
98$184,948,369$4,512,361$0$76,917,674
99$203,581,652$4,502,016$0$84,509,888
100$224,108,239$4,483,873$0$92,871,324