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

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 $1,970,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$162,681$161,232$159,818$158,438$157,091$153,480
2 years$80,535$79,035$77,582$76,172$74,805$71,187
3 years$53,157$51,650$50,200$48,804$47,459$43,948
4 years$39,470$37,968$36,533$35,161$33,848$30,470
5 years$31,260$29,768$28,351$27,007$25,731$22,495
6 years$25,789$24,308$22,912$21,598$20,360$17,270
7 years$21,883$20,413$19,040$17,757$16,558$13,614
8 years$18,954$17,498$16,147$14,896$13,737$10,938
9 years$16,677$15,235$13,908$12,688$11,568$8,912
10 years$14,857$13,429$12,125$10,937$9,857$7,341
11 years$13,369$11,955$10,675$9,518$8,477$6,098
12 years$12,129$10,730$9,474$8,349$7,346$5,100
13 years$11,082$9,697$8,464$7,371$6,406$4,288
14 years$10,184$8,814$7,605$6,543$5,615$3,622
15 years$9,407$8,052$6,866$5,835$4,944$3,071
16 years$8,728$7,388$6,225$5,225$4,370$2,611
17 years$8,129$6,804$5,665$4,694$3,875$2,226
18 years$7,598$6,287$5,171$4,231$3,445$1,902
19 years$7,122$5,827$4,734$3,823$3,071$1,628
20 years$6,695$5,414$4,345$3,462$2,743$1,395
21 years$6,310$5,043$3,996$3,142$2,454$1,197
22 years$5,959$4,708$3,683$2,857$2,200$1,029
23 years$5,640$4,403$3,401$2,602$1,975$885
24 years$5,347$4,125$3,145$2,373$1,775$762
25 years$5,079$3,871$2,913$2,167$1,597$656
26 years$4,831$3,639$2,702$1,982$1,439$565
27 years$4,603$3,424$2,509$1,814$1,297$488
28 years$4,391$3,227$2,332$1,662$1,170$421
29 years$4,194$3,044$2,170$1,524$1,057$363
30 years$4,010$2,875$2,022$1,399$955$313
31 years$3,839$2,718$1,885$1,285$863$271
32 years$3,678$2,571$1,758$1,180$781$234
33 years$3,528$2,435$1,642$1,086$707$202
34 years$3,387$2,308$1,534$999$640$174
35 years$3,254$2,189$1,434$919$580$151
36 years$3,129$2,078$1,342$847$525$130
37 years$3,011$1,973$1,256$780$476$113
38 years$2,899$1,875$1,176$719$432$97
39 years$2,793$1,783$1,102$663$391$84
40 years$2,693$1,697$1,033$612$355$73
41 years$2,598$1,615$968$564$322$63
42 years$2,508$1,538$908$521$292$54
43 years$2,422$1,466$852$481$265$47
44 years$2,341$1,397$800$444$241$41
45 years$2,263$1,332$751$410$219$35
46 years$2,189$1,271$706$379$198$30
47 years$2,118$1,213$663$350$180$26
48 years$2,050$1,158$623$323$164$23
49 years$1,985$1,106$586$299$149$20
50 years$1,923$1,056$550$276$135$17

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 $4,930 every year, while hoping to spend $36,167 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: 57/14/29 Blend
47$1,970,000$1,970,000$1,970,000$1,970,000
48$2,176,025$2,071,615$2,041,080$2,282,448
49$2,359,498$2,134,643$2,070,975$2,419,166
50$2,560,474$2,199,547$2,100,659$2,563,926
51$2,780,698$2,266,381$2,130,087$2,720,987
52$3,022,096$2,335,200$2,159,212$2,891,550
53$3,286,785$2,406,061$2,187,981$3,076,941
54$3,577,101$2,479,021$2,216,342$3,278,618
55$3,895,614$2,554,142$2,244,238$3,498,187
56$4,245,155$2,631,483$2,271,608$3,737,418
57$4,628,842$2,711,107$2,298,389$3,998,261
58$5,050,113$2,793,080$2,324,514$4,282,862
59$5,512,751$2,877,467$2,349,911$4,593,588
60$6,020,924$2,964,336$2,374,506$4,933,045
61$6,579,227$3,053,757$2,398,220$5,304,104
62$7,192,717$3,145,801$2,420,970$5,709,930
63$7,866,970$3,240,540$2,442,668$6,154,007
64$8,608,125$3,338,051$2,463,222$6,640,176
65$9,422,948$3,438,409$2,482,533$7,172,670
66$10,318,891$3,541,694$2,500,501$7,756,151
67$11,304,167$3,647,987$2,517,017$8,395,756
68$12,387,823$3,757,369$2,531,968$9,097,146
69$13,579,827$3,869,926$2,545,235$9,866,561
70$14,891,161$3,985,744$2,556,692$10,710,874
71$16,333,927$4,104,912$2,566,208$11,637,659
72$17,921,456$4,227,521$2,573,645$12,655,264
73$19,668,439$4,353,665$2,578,857$13,772,887
74$21,591,063$4,483,437$2,581,691$15,000,662
75$23,707,163$4,616,937$2,581,989$16,349,761
76$26,036,389$4,754,263$2,579,582$17,832,491
77$28,600,397$4,895,518$2,574,294$19,462,415
78$31,423,044$5,040,805$2,565,940$21,254,482
79$34,530,622$5,190,232$2,554,326$23,225,163
80$37,952,100$5,343,907$2,539,250$25,392,609
81$41,719,397$5,501,942$2,520,498$27,776,825
82$45,867,689$5,664,451$2,497,848$30,399,855
83$50,435,733$5,831,549$2,471,066$33,285,991
84$55,466,239$6,003,355$2,439,908$36,462,006
85$61,006,267$6,179,991$2,404,116$39,957,400
86$67,107,675$6,361,580$2,363,423$43,804,688
87$73,827,608$6,548,248$2,317,548$48,039,697
88$81,229,036$6,740,124$2,266,198$52,701,912
89$89,381,346$6,937,338$2,209,064$57,834,847
90$98,361,001$7,140,025$2,145,825$63,486,453
91$108,252,257$7,348,320$2,076,144$69,709,575
92$119,147,962$7,562,363$1,999,669$76,562,450
93$131,150,429$7,782,293$1,916,033$84,109,256
94$144,372,403$8,008,256$1,824,851$92,420,717
95$158,938,124$8,240,397$1,725,719$101,574,776
96$174,984,500$8,478,864$1,618,219$111,657,326
97$192,662,400$8,723,809$1,501,909$122,763,023
98$212,138,074$8,975,384$1,376,332$134,996,184
99$233,594,726$9,233,747$1,241,008$148,471,764
100$257,234,241$9,499,054$1,095,435$163,316,448