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

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 $1,910,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$157,726$156,321$154,950$153,612$152,306$147,313
2 years$78,082$76,628$75,219$73,852$72,527$67,544
3 years$51,538$50,077$48,671$47,318$46,014$41,198
4 years$38,268$36,812$35,420$34,090$32,818$28,205
5 years$30,308$28,861$27,488$26,184$24,947$20,550
6 years$25,004$23,567$22,214$20,940$19,740$15,563
7 years$21,216$19,792$18,460$17,216$16,054$12,096
8 years$18,377$16,965$15,656$14,442$13,318$9,576
9 years$16,169$14,771$13,484$12,301$11,216$7,685
10 years$14,405$13,020$11,756$10,604$9,557$6,232
11 years$12,962$11,591$10,350$9,228$8,219$5,095
12 years$11,760$10,404$9,185$8,095$7,122$4,191
13 years$10,744$9,402$8,206$7,146$6,211$3,465
14 years$9,874$8,546$7,373$6,344$5,444$2,877
15 years$9,121$7,807$6,657$5,657$4,794$2,396
16 years$8,462$7,163$6,036$5,066$4,237$2,001
17 years$7,882$6,597$5,492$4,551$3,756$1,675
18 years$7,366$6,095$5,014$4,102$3,340$1,405
19 years$6,906$5,649$4,590$3,706$2,977$1,180
20 years$6,491$5,250$4,212$3,357$2,659$993
21 years$6,117$4,890$3,874$3,046$2,380$836
22 years$5,778$4,564$3,571$2,770$2,133$704
23 years$5,468$4,269$3,297$2,523$1,915$594
24 years$5,185$4,000$3,049$2,301$1,721$501
25 years$4,924$3,754$2,824$2,101$1,549$423
26 years$4,684$3,528$2,619$1,921$1,395$357
27 years$4,463$3,320$2,432$1,759$1,258$302
28 years$4,257$3,128$2,261$1,611$1,135$255
29 years$4,066$2,951$2,104$1,478$1,025$216
30 years$3,888$2,787$1,960$1,356$926$183
31 years$3,722$2,635$1,827$1,245$837$154
32 years$3,566$2,493$1,705$1,145$757$131
33 years$3,421$2,361$1,592$1,052$685$111
34 years$3,284$2,238$1,487$968$620$94
35 years$3,155$2,122$1,391$891$562$79
36 years$3,034$2,014$1,301$821$509$67
37 years$2,919$1,913$1,218$756$461$57
38 years$2,811$1,818$1,140$697$418$48
39 years$2,708$1,729$1,068$643$379$41
40 years$2,611$1,645$1,001$593$344$34
41 years$2,519$1,566$939$547$312$29
42 years$2,432$1,491$881$505$283$25
43 years$2,349$1,421$826$466$257$21
44 years$2,269$1,354$776$430$233$18
45 years$2,194$1,292$728$397$212$15
46 years$2,122$1,232$684$367$192$13
47 years$2,053$1,176$643$339$175$11
48 years$1,988$1,122$604$313$159$9
49 years$1,925$1,072$568$290$144$8
50 years$1,865$1,024$534$268$131$7

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 $4,065 every year, while hoping to spend $39,951 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: 52/31/17 Blend
47$1,910,000$1,910,000$1,910,000$1,910,000
48$2,109,013$2,007,783$1,978,178$2,208,706
49$2,281,625$2,063,657$2,001,939$2,333,416
50$2,470,504$2,120,930$2,025,158$2,464,454
51$2,677,268$2,179,627$2,047,773$2,606,101
52$2,903,697$2,239,777$2,069,721$2,759,376
53$3,151,752$2,301,404$2,090,935$2,925,398
54$3,423,593$2,364,535$2,111,343$3,105,401
55$3,721,598$2,429,196$2,130,872$3,300,743
56$4,048,387$2,495,412$2,149,442$3,512,921
57$4,406,844$2,563,209$2,166,970$3,743,581
58$4,800,148$2,632,613$2,183,370$3,994,538
59$5,231,799$2,703,647$2,198,549$4,267,788
60$5,705,653$2,776,336$2,212,410$4,565,533
61$6,225,956$2,850,703$2,224,853$4,890,197
62$6,797,388$2,926,771$2,235,769$5,244,448
63$7,425,102$3,004,563$2,245,048$5,631,229
64$8,114,775$3,084,100$2,252,570$6,053,778
65$8,872,663$3,165,402$2,258,212$6,515,666
66$9,705,657$3,248,488$2,261,844$7,020,824
67$10,621,347$3,333,377$2,263,329$7,573,585
68$11,628,097$3,420,086$2,262,523$8,178,721
69$12,735,122$3,508,629$2,259,277$8,841,492
70$13,952,574$3,599,021$2,253,432$9,567,693
71$15,291,638$3,691,275$2,244,824$10,363,707
72$16,764,637$3,785,399$2,233,277$11,236,570
73$18,385,150$3,881,404$2,218,612$12,194,034
74$20,168,136$3,979,294$2,200,636$13,244,639
75$22,130,080$4,079,072$2,179,151$14,397,799
76$24,289,143$4,180,742$2,153,948$15,663,883
77$26,665,336$4,284,299$2,124,806$17,054,322
78$29,280,711$4,389,740$2,091,497$18,581,708
79$32,159,562$4,497,056$2,053,781$20,259,920
80$35,328,661$4,606,235$2,011,406$22,104,250
81$38,817,506$4,717,263$1,964,110$24,131,552
82$42,658,601$4,830,118$1,911,617$26,360,397
83$46,887,761$4,944,777$1,853,639$28,811,250
84$51,544,453$5,061,210$1,789,876$31,506,664
85$56,672,162$5,179,384$1,720,012$34,471,494
86$62,318,808$5,299,260$1,643,717$37,733,128
87$68,537,193$5,420,791$1,560,649$41,321,750
88$75,385,503$5,543,925$1,470,447$45,270,621
89$82,927,852$5,668,605$1,372,735$49,616,398
90$91,234,891$5,794,765$1,267,119$54,399,475
91$100,384,472$5,922,331$1,153,190$59,664,371
92$110,462,385$6,051,222$1,030,519$65,460,144
93$121,563,164$6,181,348$898,657$71,840,858
94$133,790,982$6,312,608$757,137$78,866,094
95$147,260,630$6,444,895$605,469$86,601,512
96$162,098,606$6,578,086$443,144$95,119,471
97$178,444,304$6,712,052$269,629$104,499,713
98$196,451,329$6,846,649$84,368$114,830,118
99$216,288,951$6,981,721$0$126,207,530
100$238,143,697$7,117,099$0$138,759,235