Can I retire at age 48 with 1,920,000?

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 $1,920,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$158,552$157,140$155,762$154,417$153,103$148,859
2 years$78,491$77,029$75,612$74,239$72,906$68,662
3 years$51,808$50,339$48,926$47,566$46,255$42,143
4 years$38,468$37,005$35,606$34,268$32,989$29,042
5 years$30,467$29,012$27,632$26,321$25,078$21,306
6 years$25,135$23,691$22,330$21,049$19,843$16,250
7 years$21,327$19,895$18,557$17,306$16,138$12,724
8 years$18,473$17,054$15,738$14,517$13,388$10,151
9 years$16,254$14,849$13,555$12,366$11,275$8,211
10 years$14,480$13,088$11,817$10,659$9,607$6,713
11 years$13,029$11,652$10,404$9,277$8,262$5,534
12 years$11,822$10,458$9,233$8,137$7,160$4,592
13 years$10,800$9,451$8,249$7,184$6,243$3,830
14 years$9,926$8,591$7,412$6,377$5,473$3,209
15 years$9,168$7,848$6,692$5,687$4,819$2,697
16 years$8,506$7,200$6,067$5,092$4,259$2,274
17 years$7,923$6,631$5,521$4,575$3,776$1,922
18 years$7,405$6,127$5,040$4,123$3,358$1,627
19 years$6,942$5,679$4,614$3,726$2,993$1,380
20 years$6,525$5,277$4,234$3,374$2,673$1,173
21 years$6,149$4,915$3,895$3,062$2,392$997
22 years$5,808$4,588$3,590$2,784$2,144$849
23 years$5,497$4,291$3,314$2,536$1,925$723
24 years$5,212$4,021$3,065$2,313$1,730$617
25 years$4,950$3,773$2,839$2,112$1,557$526
26 years$4,709$3,546$2,633$1,931$1,402$449
27 years$4,486$3,337$2,445$1,768$1,264$383
28 years$4,279$3,145$2,273$1,620$1,141$328
29 years$4,087$2,967$2,115$1,485$1,030$280
30 years$3,908$2,802$1,970$1,363$931$239
31 years$3,741$2,649$1,837$1,252$841$205
32 years$3,585$2,506$1,714$1,151$761$175
33 years$3,438$2,373$1,600$1,058$689$150
34 years$3,301$2,249$1,495$973$624$128
35 years$3,171$2,134$1,398$896$565$110
36 years$3,049$2,025$1,308$825$512$94
37 years$2,934$1,923$1,224$760$464$80
38 years$2,825$1,828$1,146$701$421$69
39 years$2,723$1,738$1,074$646$381$59
40 years$2,625$1,654$1,006$596$346$50
41 years$2,532$1,574$944$550$314$43
42 years$2,444$1,499$885$508$285$37
43 years$2,361$1,428$831$469$258$32
44 years$2,281$1,362$780$433$235$27
45 years$2,205$1,298$732$400$213$23
46 years$2,133$1,239$688$369$193$20
47 years$2,064$1,182$646$341$176$17
48 years$1,998$1,128$607$315$159$14
49 years$1,935$1,078$571$291$145$12
50 years$1,875$1,029$536$269$132$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,920,000, adding $5,039 every year, while hoping to spend $25,093 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: 28/48/24 Blend
47$1,920,000$1,920,000$1,920,000$1,920,000
48$2,121,038$2,019,278$1,989,518$2,164,382
49$2,310,685$2,091,524$2,029,468$2,271,103
50$2,518,835$2,166,468$2,069,915$2,383,149
51$2,747,349$2,244,218$2,110,850$2,503,014
52$2,998,276$2,324,883$2,152,261$2,631,382
53$3,273,875$2,408,577$2,194,137$2,769,005
54$3,576,633$2,495,420$2,236,464$2,916,707
55$3,909,291$2,585,536$2,279,226$3,075,393
56$4,274,866$2,679,055$2,322,408$3,246,055
57$4,676,685$2,776,112$2,365,991$3,429,783
58$5,118,412$2,876,846$2,409,957$3,627,774
59$5,604,083$2,981,405$2,454,283$3,841,342
60$6,138,146$3,089,940$2,498,948$4,071,930
61$6,725,500$3,202,610$2,543,926$4,321,123
62$7,371,544$3,319,581$2,589,191$4,590,664
63$8,082,226$3,441,025$2,634,713$4,882,469
64$8,864,100$3,567,122$2,680,462$5,198,642
65$9,724,385$3,698,058$2,726,405$5,541,496
66$10,671,038$3,834,028$2,772,505$5,913,577
67$11,712,825$3,975,236$2,818,725$6,317,682
68$12,859,404$4,121,894$2,865,023$6,756,888
69$14,121,418$4,274,222$2,911,356$7,234,578
70$15,510,594$4,432,450$2,957,678$7,754,477
71$17,039,852$4,596,818$3,003,938$8,320,679
72$18,723,431$4,767,576$3,050,085$8,937,691
73$20,577,019$4,944,985$3,096,060$9,610,470
74$22,617,903$5,129,317$3,141,806$10,344,473
75$24,865,130$5,320,855$3,187,258$11,145,704
76$27,339,691$5,519,895$3,232,349$12,020,773
77$30,064,715$5,726,744$3,277,007$12,976,953
78$33,065,686$5,941,725$3,321,157$14,022,251
79$36,370,689$6,165,173$3,364,719$15,165,483
80$40,010,670$6,397,437$3,407,608$16,416,351
81$44,019,730$6,638,883$3,449,734$17,785,541
82$48,435,445$6,889,891$3,491,002$19,284,814
83$53,299,222$7,150,857$3,531,313$20,927,122
84$58,656,690$7,422,197$3,570,560$22,726,727
85$64,558,130$7,704,342$3,608,631$24,699,334
86$71,058,949$7,997,744$3,645,409$26,862,237
87$78,220,201$8,302,873$3,680,770$29,234,482
88$86,109,168$8,620,220$3,714,582$31,837,043
89$94,799,991$8,950,299$3,746,708$34,693,023
90$104,374,369$9,293,643$3,777,003$37,827,863
91$114,922,335$9,650,812$3,805,313$41,269,587
92$126,543,100$10,022,388$3,831,477$45,049,062
93$139,345,991$10,408,980$3,855,326$49,200,286
94$153,451,485$10,811,223$3,876,683$53,760,710
95$168,992,344$11,229,780$3,895,359$58,771,586
96$186,114,868$11,665,344$3,911,158$64,278,357
97$204,980,276$12,118,638$3,923,874$70,331,081
98$225,766,230$12,590,417$3,933,289$76,984,904
99$248,668,506$13,081,468$3,939,176$84,300,576
100$273,902,850$13,592,616$3,941,294$92,345,022