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%17.5%
1 years$158,552$157,140$155,762$154,417$153,103$148,440
2 years$78,491$77,029$75,612$74,239$72,906$68,248
3 years$51,808$50,339$48,926$47,566$46,255$41,748
4 years$38,468$37,005$35,606$34,268$32,989$28,668
5 years$30,467$29,012$27,632$26,321$25,078$20,954
6 years$25,135$23,691$22,330$21,049$19,843$15,921
7 years$21,327$19,895$18,557$17,306$16,138$12,416
8 years$18,473$17,054$15,738$14,517$13,388$9,865
9 years$16,254$14,849$13,555$12,366$11,275$7,946
10 years$14,480$13,088$11,817$10,659$9,607$6,468
11 years$13,029$11,652$10,404$9,277$8,262$5,308
12 years$11,822$10,458$9,233$8,137$7,160$4,384
13 years$10,800$9,451$8,249$7,184$6,243$3,640
14 years$9,926$8,591$7,412$6,377$5,473$3,034
15 years$9,168$7,848$6,692$5,687$4,819$2,538
16 years$8,506$7,200$6,067$5,092$4,259$2,129
17 years$7,923$6,631$5,521$4,575$3,776$1,790
18 years$7,405$6,127$5,040$4,123$3,358$1,508
19 years$6,942$5,679$4,614$3,726$2,993$1,272
20 years$6,525$5,277$4,234$3,374$2,673$1,075
21 years$6,149$4,915$3,895$3,062$2,392$909
22 years$5,808$4,588$3,590$2,784$2,144$770
23 years$5,497$4,291$3,314$2,536$1,925$652
24 years$5,212$4,021$3,065$2,313$1,730$553
25 years$4,950$3,773$2,839$2,112$1,557$469
26 years$4,709$3,546$2,633$1,931$1,402$398
27 years$4,486$3,337$2,445$1,768$1,264$338
28 years$4,279$3,145$2,273$1,620$1,141$287
29 years$4,087$2,967$2,115$1,485$1,030$244
30 years$3,908$2,802$1,970$1,363$931$207
31 years$3,741$2,649$1,837$1,252$841$176
32 years$3,585$2,506$1,714$1,151$761$150
33 years$3,438$2,373$1,600$1,058$689$127
34 years$3,301$2,249$1,495$973$624$108
35 years$3,171$2,134$1,398$896$565$92
36 years$3,049$2,025$1,308$825$512$78
37 years$2,934$1,923$1,224$760$464$67
38 years$2,825$1,828$1,146$701$421$57
39 years$2,723$1,738$1,074$646$381$48
40 years$2,625$1,654$1,006$596$346$41
41 years$2,532$1,574$944$550$314$35
42 years$2,444$1,499$885$508$285$30
43 years$2,361$1,428$831$469$258$25
44 years$2,281$1,362$780$433$235$22
45 years$2,205$1,298$732$400$213$18
46 years$2,133$1,239$688$369$193$16
47 years$2,064$1,182$646$341$176$13
48 years$1,998$1,128$607$315$159$11
49 years$1,935$1,078$571$291$145$10
50 years$1,875$1,029$536$269$132$8

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 $5,301 every year, while hoping to spend $34,575 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: 21/50/29 Blend
47$1,920,000$1,920,000$1,920,000$1,920,000
48$2,121,308$2,019,548$1,989,788$2,146,231
49$2,300,894$2,081,718$2,019,658$2,231,703
50$2,497,639$2,145,776$2,049,371$2,319,801
51$2,713,256$2,211,778$2,078,883$2,413,229
52$2,949,634$2,279,780$2,108,151$2,512,440
53$3,208,850$2,349,843$2,137,127$2,617,931
54$3,493,194$2,422,027$2,165,763$2,730,250
55$3,805,189$2,496,395$2,194,005$2,849,997
56$4,147,611$2,573,011$2,221,796$2,977,833
57$4,523,520$2,651,941$2,249,080$3,114,482
58$4,936,287$2,733,254$2,275,792$3,260,742
59$5,389,624$2,817,020$2,301,866$3,417,488
60$5,887,621$2,903,309$2,327,235$3,585,685
61$6,434,785$2,992,197$2,351,823$3,766,391
62$7,036,077$3,083,759$2,375,553$3,960,773
63$7,696,967$3,178,074$2,398,345$4,170,111
64$8,423,479$3,275,221$2,420,111$4,395,817
65$9,222,250$3,375,283$2,440,761$4,639,443
66$10,100,593$3,478,344$2,460,199$4,902,697
67$11,066,562$3,584,493$2,478,325$5,187,458
68$12,129,036$3,693,817$2,495,033$5,495,797
69$13,297,793$3,806,410$2,510,212$5,829,991
70$14,583,609$3,922,365$2,523,745$6,192,549
71$15,998,355$4,041,778$2,535,508$6,586,231
72$17,555,113$4,164,751$2,545,373$7,014,079
73$19,268,295$4,291,384$2,553,204$7,479,442
74$21,153,782$4,421,783$2,558,858$7,986,006
75$23,229,073$4,556,056$2,562,184$8,537,832
76$25,513,448$4,694,312$2,563,027$9,139,395
77$28,028,152$4,836,666$2,561,221$9,795,620
78$30,796,594$4,983,233$2,556,593$10,511,934
79$33,844,569$5,134,134$2,548,961$11,294,315
80$37,200,499$5,289,491$2,538,135$12,149,348
81$40,895,703$5,449,429$2,523,916$13,084,286
82$44,964,692$5,614,078$2,506,094$14,107,123
83$49,445,493$5,783,570$2,484,451$15,226,661
84$54,380,009$5,958,041$2,458,756$16,452,600
85$59,814,415$6,137,630$2,428,769$17,795,628
86$65,799,591$6,322,480$2,394,238$19,267,519
87$72,391,605$6,512,736$2,354,900$20,881,245
88$79,652,237$6,708,549$2,310,479$22,651,100
89$87,649,571$6,910,073$2,260,685$24,592,835
90$96,458,625$7,117,465$2,205,216$26,723,801
91$106,162,071$7,330,887$2,143,756$29,063,122
92$116,851,004$7,550,503$2,075,975$31,631,865
93$128,625,812$7,776,482$2,001,525$34,453,249
94$141,597,114$8,008,999$1,920,045$37,552,854
95$155,886,810$8,248,231$1,831,157$40,958,872
96$171,629,230$8,494,359$1,734,466$44,702,365
97$188,972,397$8,747,569$1,629,557$48,817,564
98$208,079,434$9,008,051$1,515,998$53,342,188
99$229,130,091$9,276,001$1,393,339$58,317,802
100$252,322,451$9,551,616$1,261,107$63,790,210