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%17.4%
1 years$161,029$159,595$158,195$156,829$155,496$150,820
2 years$79,717$78,233$76,794$75,399$74,046$69,375
3 years$52,617$51,126$49,691$48,309$46,978$42,457
4 years$39,070$37,583$36,162$34,804$33,505$29,170
5 years$30,943$29,466$28,063$26,733$25,470$21,332
6 years$25,527$24,061$22,679$21,378$20,153$16,217
7 years$21,660$20,206$18,847$17,576$16,390$12,654
8 years$18,761$17,320$15,983$14,744$13,597$10,060
9 years$16,508$15,081$13,767$12,559$11,451$8,108
10 years$14,706$13,293$12,002$10,826$9,757$6,604
11 years$13,233$11,834$10,566$9,422$8,391$5,423
12 years$12,006$10,621$9,377$8,264$7,271$4,482
13 years$10,969$9,599$8,378$7,296$6,341$3,723
14 years$10,081$8,725$7,528$6,477$5,558$3,106
15 years$9,312$7,970$6,797$5,776$4,894$2,600
16 years$8,639$7,313$6,162$5,172$4,325$2,183
17 years$8,047$6,735$5,607$4,647$3,835$1,837
18 years$7,520$6,223$5,119$4,188$3,410$1,548
19 years$7,050$5,768$4,686$3,784$3,039$1,307
20 years$6,627$5,359$4,300$3,427$2,715$1,106
21 years$6,245$4,992$3,956$3,110$2,430$936
22 years$5,899$4,660$3,646$2,828$2,178$793
23 years$5,583$4,358$3,366$2,575$1,955$672
24 years$5,293$4,084$3,113$2,349$1,757$571
25 years$5,027$3,832$2,883$2,145$1,581$484
26 years$4,782$3,602$2,674$1,961$1,424$412
27 years$4,556$3,390$2,483$1,795$1,284$350
28 years$4,346$3,194$2,308$1,645$1,159$297
29 years$4,151$3,013$2,148$1,508$1,046$253
30 years$3,969$2,846$2,001$1,384$945$215
31 years$3,800$2,690$1,865$1,271$855$183
32 years$3,641$2,545$1,741$1,169$773$156
33 years$3,492$2,410$1,625$1,075$700$132
34 years$3,352$2,285$1,518$989$633$113
35 years$3,221$2,167$1,420$910$574$96
36 years$3,097$2,057$1,328$838$520$82
37 years$2,980$1,953$1,243$772$471$70
38 years$2,870$1,856$1,164$712$427$59
39 years$2,765$1,765$1,091$656$387$50
40 years$2,666$1,679$1,022$605$351$43
41 years$2,572$1,599$958$559$319$37
42 years$2,483$1,523$899$515$289$31
43 years$2,398$1,451$844$476$262$27
44 years$2,317$1,383$792$439$238$23
45 years$2,240$1,319$744$406$216$19
46 years$2,166$1,258$698$375$196$16
47 years$2,096$1,200$656$346$178$14
48 years$2,029$1,146$617$320$162$12
49 years$1,965$1,094$580$296$147$10
50 years$1,904$1,045$545$273$134$9

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 $5,617 every year, while hoping to spend $28,107 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: 40/30/30 Blend
47$1,950,000$1,950,000$1,950,000$1,950,000
48$2,154,694$2,051,344$2,021,119$2,221,615
49$2,344,567$2,121,954$2,058,921$2,341,593
50$2,552,865$2,195,082$2,097,047$2,468,307
51$2,781,438$2,270,822$2,135,479$2,604,877
52$3,032,323$2,349,271$2,174,196$2,752,224
53$3,307,765$2,430,529$2,213,176$2,911,365
54$3,610,235$2,514,703$2,252,395$3,083,413
55$3,942,456$2,601,902$2,291,828$3,269,596
56$4,307,430$2,692,238$2,331,448$3,471,264
57$4,708,461$2,785,831$2,371,224$3,689,901
58$5,149,190$2,882,802$2,411,125$3,927,141
59$5,633,627$2,983,279$2,451,118$4,184,783
60$6,166,193$3,087,395$2,491,166$4,464,805
61$6,751,755$3,195,288$2,531,231$4,769,383
62$7,395,678$3,307,101$2,571,271$5,100,916
63$8,103,871$3,422,983$2,611,243$5,462,041
64$8,882,845$3,543,089$2,651,099$5,855,663
65$9,739,775$3,667,580$2,690,791$6,284,980
66$10,682,565$3,796,624$2,730,265$6,753,512
67$11,719,923$3,930,395$2,769,465$7,265,136
68$12,861,445$4,069,075$2,808,332$7,824,120
69$14,117,705$4,212,851$2,846,803$8,435,165
70$15,500,351$4,361,922$2,884,811$9,103,447
71$17,022,220$4,516,489$2,922,286$9,834,667
72$18,697,456$4,676,767$2,959,152$10,635,103
73$20,541,644$4,842,976$2,995,331$11,511,670
74$22,571,956$5,015,346$3,030,739$12,471,985
75$24,807,314$5,194,116$3,065,288$13,524,436
76$27,268,569$5,379,537$3,098,884$14,678,264
77$29,978,696$5,571,867$3,131,429$15,943,647
78$32,963,011$5,771,376$3,162,819$17,331,798
79$36,249,410$5,978,345$3,192,946$18,855,068
80$39,868,633$6,193,068$3,221,693$20,527,065
81$43,854,553$6,415,847$3,248,939$22,362,776
82$48,244,495$6,647,002$3,274,557$24,378,716
83$53,079,590$6,886,862$3,298,411$26,593,078
84$58,405,161$7,135,771$3,320,360$29,025,904
85$64,271,151$7,394,087$3,340,255$31,699,276
86$70,732,594$7,662,183$3,357,940$34,637,522
87$77,850,137$7,940,448$3,373,250$37,867,446
88$85,690,609$8,229,288$3,386,011$41,418,581
89$94,327,650$8,529,122$3,396,042$45,323,464
90$103,842,413$8,840,392$3,403,152$49,617,946
91$114,324,322$9,163,554$3,407,140$54,341,527
92$125,871,920$9,499,085$3,407,796$59,537,731
93$138,593,799$9,847,483$3,404,900$65,254,512
94$152,609,621$10,209,265$3,398,219$71,544,709
95$168,051,254$10,584,970$3,387,511$78,466,545
96$185,064,011$10,975,163$3,372,522$86,084,171
97$203,808,022$11,380,427$3,352,983$94,468,275
98$224,459,747$11,801,375$3,328,615$103,696,747
99$247,213,643$12,238,644$3,299,125$113,855,411
100$272,283,994$12,692,898$3,264,206$125,038,840