Can I retire at age 48 with 1,970,000?

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 $1,970,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$162,681$161,232$159,818$158,438$157,091$153,919
2 years$80,535$79,035$77,582$76,172$74,805$71,623
3 years$53,157$51,650$50,200$48,804$47,459$44,367
4 years$39,470$37,968$36,533$35,161$33,848$30,870
5 years$31,260$29,768$28,351$27,007$25,731$22,874
6 years$25,789$24,308$22,912$21,598$20,360$17,628
7 years$21,883$20,413$19,040$17,757$16,558$13,951
8 years$18,954$17,498$16,147$14,896$13,737$11,254
9 years$16,677$15,235$13,908$12,688$11,568$9,209
10 years$14,857$13,429$12,125$10,937$9,857$7,618
11 years$13,369$11,955$10,675$9,518$8,477$6,356
12 years$12,129$10,730$9,474$8,349$7,346$5,340
13 years$11,082$9,697$8,464$7,371$6,406$4,511
14 years$10,184$8,814$7,605$6,543$5,615$3,829
15 years$9,407$8,052$6,866$5,835$4,944$3,262
16 years$8,728$7,388$6,225$5,225$4,370$2,787
17 years$8,129$6,804$5,665$4,694$3,875$2,388
18 years$7,598$6,287$5,171$4,231$3,445$2,051
19 years$7,122$5,827$4,734$3,823$3,071$1,764
20 years$6,695$5,414$4,345$3,462$2,743$1,520
21 years$6,310$5,043$3,996$3,142$2,454$1,312
22 years$5,959$4,708$3,683$2,857$2,200$1,133
23 years$5,640$4,403$3,401$2,602$1,975$980
24 years$5,347$4,125$3,145$2,373$1,775$848
25 years$5,079$3,871$2,913$2,167$1,597$735
26 years$4,831$3,639$2,702$1,982$1,439$637
27 years$4,603$3,424$2,509$1,814$1,297$552
28 years$4,391$3,227$2,332$1,662$1,170$479
29 years$4,194$3,044$2,170$1,524$1,057$416
30 years$4,010$2,875$2,022$1,399$955$361
31 years$3,839$2,718$1,885$1,285$863$314
32 years$3,678$2,571$1,758$1,180$781$273
33 years$3,528$2,435$1,642$1,086$707$237
34 years$3,387$2,308$1,534$999$640$206
35 years$3,254$2,189$1,434$919$580$179
36 years$3,129$2,078$1,342$847$525$156
37 years$3,011$1,973$1,256$780$476$135
38 years$2,899$1,875$1,176$719$432$118
39 years$2,793$1,783$1,102$663$391$102
40 years$2,693$1,697$1,033$612$355$89
41 years$2,598$1,615$968$564$322$77
42 years$2,508$1,538$908$521$292$67
43 years$2,422$1,466$852$481$265$59
44 years$2,341$1,397$800$444$241$51
45 years$2,263$1,332$751$410$219$44
46 years$2,189$1,271$706$379$198$39
47 years$2,118$1,213$663$350$180$34
48 years$2,050$1,158$623$323$164$29
49 years$1,985$1,106$586$299$149$25
50 years$1,923$1,056$550$276$135$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,970,000, adding $5,296 every year, while hoping to spend $32,559 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: 73/7/20 Blend
47$1,970,000$1,970,000$1,970,000$1,970,000
48$2,176,403$2,071,993$2,041,458$2,324,483
49$2,363,753$2,138,878$2,075,204$2,490,478
50$2,569,122$2,207,949$2,108,990$2,667,837
51$2,794,314$2,279,279$2,142,781$2,861,312
52$3,041,313$2,352,944$2,176,544$3,072,499
53$3,312,309$2,429,020$2,210,240$3,303,157
54$3,609,711$2,507,588$2,243,830$3,555,222
55$3,936,174$2,588,732$2,277,271$3,830,827
56$4,294,621$2,672,538$2,310,517$4,132,320
57$4,688,275$2,759,094$2,343,521$4,462,291
58$5,120,682$2,848,493$2,376,233$4,823,590
59$5,595,753$2,940,831$2,408,597$5,219,357
60$6,117,792$3,036,204$2,440,558$5,653,053
61$6,691,545$3,134,716$2,472,055$6,128,488
62$7,322,237$3,236,472$2,503,023$6,649,862
63$8,015,627$3,341,580$2,533,396$7,221,800
64$8,778,058$3,450,155$2,563,102$7,849,401
65$9,616,519$3,562,312$2,592,065$8,538,279
66$10,538,711$3,678,172$2,620,206$9,294,621
67$11,553,118$3,797,861$2,647,441$10,125,246
68$12,669,087$3,921,507$2,673,682$11,037,663
69$13,896,918$4,049,245$2,698,834$12,040,149
70$15,247,958$4,181,212$2,722,800$13,141,822
71$16,734,712$4,317,554$2,745,475$14,352,732
72$18,370,955$4,458,417$2,766,752$15,683,948
73$20,171,869$4,603,955$2,786,514$17,147,671
74$22,154,178$4,754,328$2,804,641$18,757,343
75$24,336,314$4,909,699$2,821,006$20,527,775
76$26,738,583$5,070,239$2,835,474$22,475,291
77$29,383,362$5,236,125$2,847,907$24,617,874
78$32,295,309$5,407,539$2,858,155$26,975,344
79$35,501,592$5,584,670$2,866,065$29,569,539
80$39,032,148$5,767,713$2,871,472$32,424,523
81$42,919,968$5,956,871$2,874,207$35,566,815
82$47,201,401$6,152,354$2,874,089$39,025,635
83$51,916,503$6,354,378$2,870,930$42,833,185
84$57,109,413$6,563,170$2,864,534$47,024,948
85$62,828,769$6,778,961$2,854,692$51,640,026
86$69,128,167$7,001,994$2,841,187$56,721,507
87$76,066,666$7,232,517$2,823,792$62,316,874
88$83,709,345$7,470,790$2,802,268$68,478,451
89$92,127,920$7,717,080$2,776,366$75,263,898
90$101,401,416$7,971,665$2,745,823$82,736,755
91$111,616,917$8,234,833$2,710,364$90,967,041
92$122,870,385$8,506,882$2,669,704$100,031,918
93$135,267,565$8,788,121$2,623,540$110,016,413
94$148,924,986$9,078,869$2,571,559$121,014,229
95$163,971,059$9,379,457$2,513,430$133,128,622
96$180,547,286$9,690,230$2,448,809$146,473,381
97$198,809,601$10,011,543$2,377,335$161,173,900
98$218,929,836$10,343,764$2,298,632$177,368,360
99$241,097,347$10,687,276$2,212,304$195,209,038
100$265,520,800$11,042,476$2,117,940$214,863,741