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

Use the below retirement simulation to view the chances of a successful retirement.
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%13.4%
1 years$161,029$159,595$158,195$156,829$155,496$153,299
2 years$79,717$78,233$76,794$75,399$74,046$71,836
3 years$52,617$51,126$49,691$48,309$46,978$44,825
4 years$39,070$37,583$36,162$34,804$33,505$31,425
5 years$30,943$29,466$28,063$26,733$25,470$23,469
6 years$25,527$24,061$22,679$21,378$20,153$18,234
7 years$21,660$20,206$18,847$17,576$16,390$14,553
8 years$18,761$17,320$15,983$14,744$13,597$11,842
9 years$16,508$15,081$13,767$12,559$11,451$9,777
10 years$14,706$13,293$12,002$10,826$9,757$8,162
11 years$13,233$11,834$10,566$9,422$8,391$6,875
12 years$12,006$10,621$9,377$8,264$7,271$5,832
13 years$10,969$9,599$8,378$7,296$6,341$4,976
14 years$10,081$8,725$7,528$6,477$5,558$4,266
15 years$9,312$7,970$6,797$5,776$4,894$3,672
16 years$8,639$7,313$6,162$5,172$4,325$3,171
17 years$8,047$6,735$5,607$4,647$3,835$2,746
18 years$7,520$6,223$5,119$4,188$3,410$2,384
19 years$7,050$5,768$4,686$3,784$3,039$2,074
20 years$6,627$5,359$4,300$3,427$2,715$1,807
21 years$6,245$4,992$3,956$3,110$2,430$1,577
22 years$5,899$4,660$3,646$2,828$2,178$1,378
23 years$5,583$4,358$3,366$2,575$1,955$1,206
24 years$5,293$4,084$3,113$2,349$1,757$1,056
25 years$5,027$3,832$2,883$2,145$1,581$926
26 years$4,782$3,602$2,674$1,961$1,424$812
27 years$4,556$3,390$2,483$1,795$1,284$713
28 years$4,346$3,194$2,308$1,645$1,159$626
29 years$4,151$3,013$2,148$1,508$1,046$550
30 years$3,969$2,846$2,001$1,384$945$483
31 years$3,800$2,690$1,865$1,271$855$425
32 years$3,641$2,545$1,741$1,169$773$374
33 years$3,492$2,410$1,625$1,075$700$329
34 years$3,352$2,285$1,518$989$633$290
35 years$3,221$2,167$1,420$910$574$255
36 years$3,097$2,057$1,328$838$520$225
37 years$2,980$1,953$1,243$772$471$198
38 years$2,870$1,856$1,164$712$427$174
39 years$2,765$1,765$1,091$656$387$153
40 years$2,666$1,679$1,022$605$351$135
41 years$2,572$1,599$958$559$319$119
42 years$2,483$1,523$899$515$289$105
43 years$2,398$1,451$844$476$262$93
44 years$2,317$1,383$792$439$238$82
45 years$2,240$1,319$744$406$216$72
46 years$2,166$1,258$698$375$196$63
47 years$2,096$1,200$656$346$178$56
48 years$2,029$1,146$617$320$162$49
49 years$1,965$1,094$580$296$147$43
50 years$1,904$1,045$545$273$134$38

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 $2,628 every year, while hoping to spend $58,539 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: 45/44/11 Blend
47$1,950,000$1,950,000$1,950,000$1,950,000
48$2,151,611$2,048,261$2,018,036$2,241,607
49$2,308,790$2,086,341$2,023,355$2,342,357
50$2,480,040$2,124,324$2,026,890$2,445,353
51$2,666,733$2,162,145$2,028,520$2,555,720
52$2,870,381$2,199,732$2,028,117$2,674,160
53$3,092,649$2,237,007$2,025,548$2,801,448
54$3,335,366$2,273,888$2,020,671$2,938,438
55$3,600,549$2,310,285$2,013,340$3,086,072
56$3,890,418$2,346,101$2,003,399$3,245,387
57$4,207,416$2,381,236$1,990,688$3,417,531
58$4,554,234$2,415,577$1,975,037$3,603,768
59$4,933,832$2,449,007$1,956,268$3,805,492
60$5,349,475$2,481,400$1,934,195$4,024,242
61$5,804,754$2,512,621$1,908,622$4,261,714
62$6,303,624$2,542,525$1,879,347$4,519,780
63$6,850,443$2,570,958$1,846,154$4,800,506
64$7,450,008$2,597,755$1,808,820$5,106,171
65$8,107,605$2,622,741$1,767,112$5,439,287
66$8,829,055$2,645,729$1,720,784$5,802,626
67$9,620,768$2,666,520$1,669,580$6,199,248
68$10,489,807$2,684,900$1,613,232$6,632,526
69$11,443,952$2,700,644$1,551,459$7,106,182
70$12,491,770$2,713,512$1,483,969$7,624,322
71$13,642,704$2,723,246$1,410,455$8,191,473
72$14,907,151$2,729,577$1,330,596$8,812,631
73$16,296,567$2,732,213$1,244,058$9,493,307
74$17,823,574$2,730,849$1,150,491$10,239,576
75$19,502,075$2,725,157$1,049,529$11,058,143
76$21,347,390$2,714,792$940,791$11,956,401
77$23,376,393$2,699,387$823,877$12,942,505
78$25,607,680$2,678,551$698,371$14,025,447
79$28,061,734$2,651,872$563,838$15,215,148
80$30,761,128$2,618,910$419,824$16,522,545
81$33,730,728$2,579,202$265,853$17,959,703
82$36,997,934$2,532,255$101,431$19,539,926
83$40,592,936$2,477,547$0$21,277,886
84$44,548,996$2,414,528$0$23,198,451
85$48,902,765$2,342,611$0$25,324,044
86$53,694,626$2,261,178$0$27,662,487
87$58,969,076$2,169,574$0$30,235,543
88$64,775,144$2,067,105$0$33,067,206
89$71,166,855$1,953,039$0$36,183,927
90$78,203,736$1,826,601$0$39,614,869
91$85,951,382$1,686,969$0$43,392,180
92$94,482,070$1,533,278$0$47,551,304
93$103,875,444$1,364,610$0$52,131,311
94$114,219,261$1,179,999$0$57,175,274
95$125,610,227$978,420$0$62,730,676
96$138,154,900$758,792$0$68,849,860
97$151,970,701$519,974$0$75,590,529
98$167,187,020$260,760$0$83,016,289
99$183,946,436$0$0$91,197,257
100$202,406,062$0$0$100,220,469