Can I retire at age 48 with 1,950,000?

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 $1,950,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$161,029$159,595$158,195$156,829$155,496$153,489
2 years$79,717$78,233$76,794$75,399$74,046$72,027
3 years$52,617$51,126$49,691$48,309$46,978$45,009
4 years$39,070$37,583$36,162$34,804$33,505$31,602
5 years$30,943$29,466$28,063$26,733$25,470$23,639
6 years$25,527$24,061$22,679$21,378$20,153$18,396
7 years$21,660$20,206$18,847$17,576$16,390$14,707
8 years$18,761$17,320$15,983$14,744$13,597$11,988
9 years$16,508$15,081$13,767$12,559$11,451$9,914
10 years$14,706$13,293$12,002$10,826$9,757$8,293
11 years$13,233$11,834$10,566$9,422$8,391$6,998
12 years$12,006$10,621$9,377$8,264$7,271$5,947
13 years$10,969$9,599$8,378$7,296$6,341$5,084
14 years$10,081$8,725$7,528$6,477$5,558$4,368
15 years$9,312$7,970$6,797$5,776$4,894$3,767
16 years$8,639$7,313$6,162$5,172$4,325$3,260
17 years$8,047$6,735$5,607$4,647$3,835$2,829
18 years$7,520$6,223$5,119$4,188$3,410$2,461
19 years$7,050$5,768$4,686$3,784$3,039$2,146
20 years$6,627$5,359$4,300$3,427$2,715$1,874
21 years$6,245$4,992$3,956$3,110$2,430$1,639
22 years$5,899$4,660$3,646$2,828$2,178$1,436
23 years$5,583$4,358$3,366$2,575$1,955$1,259
24 years$5,293$4,084$3,113$2,349$1,757$1,105
25 years$5,027$3,832$2,883$2,145$1,581$971
26 years$4,782$3,602$2,674$1,961$1,424$854
27 years$4,556$3,390$2,483$1,795$1,284$751
28 years$4,346$3,194$2,308$1,645$1,159$661
29 years$4,151$3,013$2,148$1,508$1,046$583
30 years$3,969$2,846$2,001$1,384$945$513
31 years$3,800$2,690$1,865$1,271$855$453
32 years$3,641$2,545$1,741$1,169$773$399
33 years$3,492$2,410$1,625$1,075$700$352
34 years$3,352$2,285$1,518$989$633$311
35 years$3,221$2,167$1,420$910$574$274
36 years$3,097$2,057$1,328$838$520$242
37 years$2,980$1,953$1,243$772$471$214
38 years$2,870$1,856$1,164$712$427$189
39 years$2,765$1,765$1,091$656$387$167
40 years$2,666$1,679$1,022$605$351$147
41 years$2,572$1,599$958$559$319$130
42 years$2,483$1,523$899$515$289$115
43 years$2,398$1,451$844$476$262$102
44 years$2,317$1,383$792$439$238$90
45 years$2,240$1,319$744$406$216$79
46 years$2,166$1,258$698$375$196$70
47 years$2,096$1,200$656$346$178$62
48 years$2,029$1,146$617$320$162$55
49 years$1,965$1,094$580$296$147$48
50 years$1,904$1,045$545$273$134$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,950,000, adding $6,021 every year, while hoping to spend $25,964 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: 37/38/25 Blend
47$1,950,000$1,950,000$1,950,000$1,950,000
48$2,155,111$2,051,761$2,021,536$2,218,510
49$2,347,306$2,124,671$2,061,632$2,338,490
50$2,558,236$2,200,285$2,102,201$2,465,173
51$2,789,783$2,278,705$2,143,231$2,601,504
52$3,044,021$2,360,043$2,184,710$2,748,367
53$3,323,237$2,444,410$2,226,624$2,906,736
54$3,629,948$2,531,927$2,268,956$3,077,682
55$3,966,927$2,622,716$2,311,690$3,262,379
56$4,337,230$2,716,905$2,354,808$3,462,121
57$4,744,223$2,814,629$2,398,290$3,678,327
58$5,191,613$2,916,025$2,442,112$3,912,559
59$5,683,487$3,021,240$2,486,252$4,166,536
60$6,224,346$3,130,424$2,530,684$4,442,145
61$6,819,148$3,243,733$2,575,381$4,741,465
62$7,473,357$3,361,332$2,620,313$5,066,781
63$8,192,993$3,483,392$2,665,447$5,420,606
64$8,984,689$3,610,088$2,710,750$5,805,708
65$9,855,752$3,741,607$2,756,185$6,225,131
66$10,814,235$3,878,142$2,801,713$6,682,223
67$11,869,008$4,019,892$2,847,291$7,180,673
68$13,029,847$4,167,067$2,892,876$7,724,537
69$14,307,523$4,319,885$2,938,419$8,318,281
70$15,713,904$4,478,573$2,983,870$8,966,824
71$17,262,067$4,643,368$3,029,174$9,675,575
72$18,966,421$4,814,516$3,074,274$10,450,496
73$20,842,843$4,992,274$3,119,110$11,298,145
74$22,908,828$5,176,911$3,163,615$12,225,748
75$25,183,654$5,368,705$3,207,722$13,241,257
76$27,688,563$5,567,948$3,251,357$14,353,432
77$30,446,963$5,774,944$3,294,444$15,571,917
78$33,484,646$5,990,009$3,336,900$16,907,335
79$36,830,033$6,213,473$3,378,640$18,371,383
80$40,514,444$6,445,680$3,419,571$19,976,945
81$44,572,388$6,686,989$3,459,598$21,738,211
82$49,041,895$6,937,775$3,498,618$23,670,810
83$53,964,870$7,198,428$3,536,523$25,791,956
84$59,387,490$7,469,354$3,573,200$28,120,610
85$65,360,641$7,750,980$3,608,530$30,677,659
86$71,940,396$8,043,747$3,642,385$33,486,111
87$79,188,545$8,348,119$3,674,633$36,571,309
88$87,173,176$8,664,577$3,705,133$39,961,173
89$95,969,323$8,993,625$3,733,739$43,686,459
90$105,659,669$9,335,787$3,760,293$47,781,049
91$116,335,326$9,691,611$3,784,634$52,282,270
92$128,096,699$10,061,670$3,806,589$57,231,245
93$141,054,430$10,446,559$3,825,977$62,673,277
94$155,330,443$10,846,902$3,842,609$68,658,281
95$171,059,096$11,263,348$3,856,284$75,241,247
96$188,388,448$11,696,576$3,866,793$82,482,760
97$207,481,655$12,147,293$3,873,916$90,449,572
98$228,518,513$12,616,240$3,877,422$99,215,227
99$251,697,153$13,104,187$3,877,067$108,860,757
100$277,235,912$13,611,942$3,872,598$119,475,442