Can I retire at age 48 with 1,930,000?

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 $1,930,000?

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$159,378$157,958$156,573$155,221$153,901$151,852
2 years$78,900$77,430$76,006$74,625$73,286$71,225
3 years$52,077$50,602$49,181$47,813$46,496$44,487
4 years$38,669$37,198$35,791$34,447$33,161$31,220
5 years$30,626$29,163$27,775$26,458$25,209$23,340
6 years$25,265$23,814$22,447$21,159$19,947$18,154
7 years$21,438$19,999$18,653$17,396$16,222$14,505
8 years$18,569$17,143$15,819$14,593$13,458$11,816
9 years$16,339$14,926$13,625$12,430$11,333$9,767
10 years$14,555$13,156$11,879$10,715$9,657$8,164
11 years$13,097$11,712$10,458$9,325$8,305$6,885
12 years$11,883$10,512$9,281$8,179$7,197$5,848
13 years$10,857$9,500$8,292$7,221$6,276$4,996
14 years$9,977$8,635$7,451$6,410$5,501$4,289
15 years$9,216$7,889$6,727$5,717$4,844$3,697
16 years$8,551$7,238$6,099$5,119$4,281$3,197
17 years$7,964$6,666$5,550$4,599$3,796$2,772
18 years$7,443$6,159$5,066$4,145$3,375$2,410
19 years$6,978$5,708$4,638$3,745$3,008$2,100
20 years$6,559$5,305$4,256$3,392$2,687$1,833
21 years$6,181$4,941$3,915$3,078$2,405$1,602
22 years$5,838$4,612$3,608$2,799$2,155$1,402
23 years$5,525$4,314$3,332$2,549$1,935$1,228
24 years$5,239$4,042$3,081$2,325$1,739$1,078
25 years$4,976$3,793$2,854$2,123$1,565$946
26 years$4,733$3,565$2,647$1,941$1,410$831
27 years$4,509$3,355$2,458$1,777$1,271$731
28 years$4,302$3,161$2,285$1,628$1,147$643
29 years$4,108$2,982$2,126$1,493$1,035$566
30 years$3,929$2,816$1,980$1,370$936$498
31 years$3,761$2,662$1,846$1,258$846$439
32 years$3,604$2,519$1,723$1,157$765$387
33 years$3,456$2,386$1,608$1,064$692$341
34 years$3,318$2,261$1,503$979$627$300
35 years$3,188$2,145$1,405$901$568$265
36 years$3,065$2,036$1,314$830$515$234
37 years$2,950$1,933$1,230$764$466$206
38 years$2,840$1,837$1,152$705$423$182
39 years$2,737$1,747$1,079$650$383$160
40 years$2,639$1,662$1,012$599$348$142
41 years$2,546$1,582$949$553$315$125
42 years$2,457$1,507$890$510$286$110
43 years$2,373$1,436$835$471$260$97
44 years$2,293$1,369$784$435$236$86
45 years$2,217$1,305$736$402$214$76
46 years$2,144$1,245$691$371$194$67
47 years$2,075$1,188$649$343$176$59
48 years$2,008$1,134$610$317$160$52
49 years$1,945$1,083$574$293$146$46
50 years$1,884$1,035$539$271$132$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,930,000, adding $3,330 every year, while hoping to spend $28,838 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: 74/8/18 Blend
47$1,930,000$1,930,000$1,930,000$1,930,000
48$2,130,295$2,028,005$1,998,090$2,278,814
49$2,316,902$2,096,694$2,034,342$2,446,411
50$2,521,576$2,167,782$2,070,843$2,626,157
51$2,746,129$2,241,356$2,107,569$2,822,368
52$2,992,559$2,317,507$2,144,498$3,036,675
53$3,263,064$2,396,329$2,181,602$3,270,875
54$3,560,067$2,477,919$2,218,856$3,526,945
55$3,886,235$2,562,378$2,256,228$3,807,065
56$4,244,507$2,649,812$2,293,689$4,113,635
57$4,638,123$2,740,328$2,331,204$4,449,298
58$5,070,649$2,834,042$2,368,736$4,816,967
59$5,546,015$2,931,069$2,406,249$5,219,848
60$6,068,550$3,031,533$2,443,699$5,661,476
61$6,643,024$3,135,561$2,481,046$6,145,742
62$7,274,692$3,243,283$2,518,240$6,676,934
63$7,969,344$3,354,837$2,555,235$7,259,776
64$8,733,359$3,470,366$2,591,976$7,899,472
65$9,573,764$3,590,016$2,628,410$8,601,755
66$10,498,302$3,713,941$2,664,476$9,372,943
67$11,515,506$3,842,301$2,700,113$10,219,994
68$12,634,776$3,975,262$2,735,255$11,150,576
69$13,866,469$4,112,996$2,769,832$12,173,136
70$15,221,997$4,255,681$2,803,770$13,296,984
71$16,713,935$4,403,504$2,836,991$14,532,373
72$18,356,139$4,556,658$2,869,413$15,890,605
73$20,163,875$4,715,345$2,900,948$17,384,130
74$22,153,966$4,879,772$2,931,505$19,026,666
75$24,344,947$5,050,157$2,960,987$20,833,330
76$26,757,244$5,226,727$2,989,292$22,820,778
77$29,413,362$5,409,716$3,016,313$25,007,363
78$32,338,100$5,599,368$3,041,935$27,413,308
79$35,558,786$5,795,936$3,066,039$30,060,896
80$39,105,532$5,999,686$3,088,501$32,974,682
81$43,011,517$6,210,892$3,109,187$36,181,724
82$47,313,306$6,429,840$3,127,958$39,711,835
83$52,051,187$6,656,826$3,144,669$43,597,870
84$57,269,558$6,892,160$3,159,165$47,876,030
85$63,017,340$7,136,164$3,171,285$52,586,207
86$69,348,445$7,389,172$3,180,859$57,772,362
87$76,322,277$7,651,532$3,187,708$63,482,935
88$84,004,300$7,923,607$3,191,647$69,771,304
89$92,466,649$8,205,774$3,192,477$76,696,291
90$101,788,815$8,498,426$3,189,994$84,322,714
91$112,058,396$8,801,970$3,183,980$92,722,001
92$123,371,918$9,116,832$3,174,209$101,972,862
93$135,835,752$9,443,455$3,160,443$112,162,031
94$149,567,114$9,782,299$3,142,433$123,385,091
95$164,695,172$10,133,845$3,119,917$135,747,366
96$181,362,267$10,498,590$3,092,622$149,364,924
97$199,725,253$10,877,056$3,060,260$164,365,667
98$219,956,981$11,269,784$3,022,530$180,890,542
99$242,247,927$11,677,338$2,979,120$199,094,866
100$266,807,993$12,100,305$2,929,698$219,149,800