Can I retire at age 48 with 1,940,000?

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 $1,940,000?

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 years$160,203$158,776$157,384$156,025$154,698$149,686
2 years$79,309$77,832$76,400$75,012$73,666$68,663
3 years$52,347$50,864$49,436$48,061$46,737$41,901
4 years$38,869$37,390$35,977$34,625$33,333$28,701
5 years$30,784$29,314$27,919$26,596$25,339$20,923
6 years$25,396$23,937$22,563$21,269$20,050$15,853
7 years$21,549$20,103$18,750$17,486$16,306$12,328
8 years$18,665$17,232$15,901$14,669$13,527$9,766
9 years$16,423$15,003$13,696$12,494$11,392$7,843
10 years$14,631$13,225$11,940$10,770$9,707$6,364
11 years$13,165$11,773$10,512$9,373$8,348$5,206
12 years$11,945$10,567$9,329$8,222$7,234$4,285
13 years$10,913$9,549$8,335$7,259$6,308$3,546
14 years$10,029$8,680$7,489$6,443$5,530$2,946
15 years$9,264$7,929$6,762$5,746$4,869$2,455
16 years$8,595$7,275$6,130$5,145$4,303$2,052
17 years$8,005$6,700$5,578$4,623$3,816$1,719
18 years$7,482$6,191$5,092$4,166$3,393$1,443
19 years$7,014$5,738$4,662$3,765$3,024$1,213
20 years$6,593$5,332$4,278$3,409$2,701$1,021
21 years$6,213$4,967$3,935$3,094$2,417$860
22 years$5,868$4,636$3,627$2,813$2,167$725
23 years$5,554$4,336$3,349$2,562$1,945$612
24 years$5,266$4,063$3,097$2,337$1,748$517
25 years$5,002$3,813$2,869$2,134$1,573$437
26 years$4,758$3,583$2,660$1,951$1,417$369
27 years$4,533$3,372$2,470$1,786$1,277$312
28 years$4,324$3,178$2,297$1,637$1,153$264
29 years$4,130$2,998$2,137$1,501$1,041$224
30 years$3,949$2,831$1,991$1,377$940$189
31 years$3,780$2,676$1,856$1,265$850$160
32 years$3,622$2,532$1,732$1,163$769$136
33 years$3,474$2,398$1,617$1,069$696$115
34 years$3,335$2,273$1,511$984$630$97
35 years$3,204$2,156$1,412$905$571$82
36 years$3,081$2,046$1,321$834$517$70
37 years$2,965$1,943$1,237$768$469$59
38 years$2,855$1,847$1,158$708$425$50
39 years$2,751$1,756$1,085$653$385$42
40 years$2,652$1,671$1,017$602$350$36
41 years$2,559$1,591$954$556$317$30
42 years$2,470$1,515$894$513$288$26
43 years$2,385$1,443$839$473$261$22
44 years$2,305$1,376$788$437$237$19
45 years$2,228$1,312$740$404$215$16
46 years$2,155$1,251$695$373$195$13
47 years$2,086$1,194$653$345$177$11
48 years$2,019$1,140$613$318$161$10
49 years$1,955$1,089$577$294$146$8
50 years$1,894$1,040$542$272$133$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,940,000, adding $3,927 every year, while hoping to spend $55,071 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: 55/23/22 Blend
47$1,940,000$1,940,000$1,940,000$1,940,000
48$2,141,931$2,039,111$2,009,041$2,246,693
49$2,301,813$2,080,432$2,017,748$2,360,229
50$2,476,157$2,121,932$2,024,902$2,477,676
51$2,666,380$2,163,562$2,030,392$2,604,405
52$2,874,042$2,205,268$2,034,101$2,741,322
53$3,100,860$2,246,992$2,035,909$2,889,425
54$3,348,724$2,288,671$2,035,688$3,049,817
55$3,619,714$2,330,236$2,033,305$3,223,712
56$3,916,123$2,371,616$2,028,618$3,412,450
57$4,240,471$2,412,729$2,021,481$3,617,506
58$4,595,538$2,453,491$2,011,739$3,840,508
59$4,984,382$2,493,811$1,999,231$4,083,253
60$5,410,371$2,533,590$1,983,787$4,347,718
61$5,877,214$2,572,721$1,965,230$4,636,088
62$6,388,998$2,611,092$1,943,373$4,950,768
63$6,950,221$2,648,581$1,918,021$5,294,413
64$7,565,839$2,685,058$1,888,971$5,669,948
65$8,241,312$2,720,383$1,856,008$6,080,600
66$8,982,651$2,754,407$1,818,910$6,529,926
67$9,796,480$2,786,971$1,777,442$7,021,849
68$10,690,093$2,817,905$1,731,359$7,560,695
69$11,671,528$2,847,028$1,680,404$8,151,232
70$12,749,637$2,874,145$1,624,311$8,798,719
71$13,934,173$2,899,051$1,562,798$9,508,954
72$15,235,880$2,921,526$1,495,574$10,288,329
73$16,666,594$2,941,336$1,422,330$11,143,893
74$18,239,356$2,958,230$1,342,747$12,083,416
75$19,968,532$2,971,945$1,256,491$13,115,465
76$21,869,950$2,982,198$1,163,210$14,249,488
77$23,961,048$2,988,688$1,062,541$15,495,898
78$26,261,039$2,991,099$954,101$16,866,177
79$28,791,093$2,989,090$837,491$18,372,984
80$31,574,532$2,982,303$712,294$20,030,272
81$34,637,054$2,970,356$578,076$21,853,428
82$38,006,974$2,952,844$434,382$23,859,412
83$41,715,490$2,929,337$280,738$26,066,922
84$45,796,975$2,899,381$116,649$28,496,570
85$50,289,308$2,862,491$0$31,171,079
86$55,234,221$2,818,157$0$34,129,223
87$60,677,700$2,765,836$0$37,415,005
88$66,670,417$2,704,953$0$41,031,586
89$73,268,203$2,634,900$0$45,012,658
90$80,532,582$2,555,032$0$49,395,354
91$88,531,345$2,464,668$0$54,220,598
92$97,339,192$2,363,086$0$59,533,488
93$107,038,435$2,249,523$0$65,383,731
94$117,719,776$2,123,170$0$71,826,104
95$129,483,161$1,983,173$0$78,920,978
96$142,438,725$1,828,630$0$86,734,885
97$156,707,827$1,658,585$0$95,341,151
98$172,424,199$1,472,030$0$104,820,585
99$189,735,204$1,267,896$0$115,262,246
100$208,803,229$1,045,057$0$126,764,284