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%19.8%
1 years$162,681$161,232$159,818$158,438$157,091$150,917
2 years$80,535$79,035$77,582$76,172$74,805$68,661
3 years$53,157$51,650$50,200$48,804$47,459$41,538
4 years$39,470$37,968$36,533$35,161$33,848$28,195
5 years$31,260$29,768$28,351$27,007$25,731$20,360
6 years$25,789$24,308$22,912$21,598$20,360$15,275
7 years$21,883$20,413$19,040$17,757$16,558$11,757
8 years$18,954$17,498$16,147$14,896$13,737$9,215
9 years$16,677$15,235$13,908$12,688$11,568$7,319
10 years$14,857$13,429$12,125$10,937$9,857$5,871
11 years$13,369$11,955$10,675$9,518$8,477$4,747
12 years$12,129$10,730$9,474$8,349$7,346$3,861
13 years$11,082$9,697$8,464$7,371$6,406$3,155
14 years$10,184$8,814$7,605$6,543$5,615$2,589
15 years$9,407$8,052$6,866$5,835$4,944$2,130
16 years$8,728$7,388$6,225$5,225$4,370$1,758
17 years$8,129$6,804$5,665$4,694$3,875$1,453
18 years$7,598$6,287$5,171$4,231$3,445$1,203
19 years$7,122$5,827$4,734$3,823$3,071$998
20 years$6,695$5,414$4,345$3,462$2,743$828
21 years$6,310$5,043$3,996$3,142$2,454$688
22 years$5,959$4,708$3,683$2,857$2,200$572
23 years$5,640$4,403$3,401$2,602$1,975$476
24 years$5,347$4,125$3,145$2,373$1,775$396
25 years$5,079$3,871$2,913$2,167$1,597$330
26 years$4,831$3,639$2,702$1,982$1,439$275
27 years$4,603$3,424$2,509$1,814$1,297$229
28 years$4,391$3,227$2,332$1,662$1,170$191
29 years$4,194$3,044$2,170$1,524$1,057$159
30 years$4,010$2,875$2,022$1,399$955$133
31 years$3,839$2,718$1,885$1,285$863$111
32 years$3,678$2,571$1,758$1,180$781$92
33 years$3,528$2,435$1,642$1,086$707$77
34 years$3,387$2,308$1,534$999$640$64
35 years$3,254$2,189$1,434$919$580$54
36 years$3,129$2,078$1,342$847$525$45
37 years$3,011$1,973$1,256$780$476$37
38 years$2,899$1,875$1,176$719$432$31
39 years$2,793$1,783$1,102$663$391$26
40 years$2,693$1,697$1,033$612$355$22
41 years$2,598$1,615$968$564$322$18
42 years$2,508$1,538$908$521$292$15
43 years$2,422$1,466$852$481$265$13
44 years$2,341$1,397$800$444$241$11
45 years$2,263$1,332$751$410$219$9
46 years$2,189$1,271$706$379$198$7
47 years$2,118$1,213$663$350$180$6
48 years$2,050$1,158$623$323$164$5
49 years$1,985$1,106$586$299$149$4
50 years$1,923$1,056$550$276$135$4

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 $3,754 every year, while hoping to spend $56,050 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: 51/19/30 Blend
47$1,970,000$1,970,000$1,970,000$1,970,000
48$2,174,812$2,070,402$2,039,867$2,267,124
49$2,337,006$2,112,215$2,048,566$2,373,845
50$2,513,866$2,154,198$2,055,678$2,483,950
51$2,706,827$2,196,301$2,061,090$2,602,606
52$2,917,471$2,238,468$2,064,685$2,730,654
53$3,147,540$2,280,639$2,066,338$2,869,022
54$3,398,949$2,322,750$2,065,920$3,018,734
55$3,673,808$2,364,731$2,063,294$3,180,920
56$3,974,439$2,406,507$2,058,318$3,356,826
57$4,303,401$2,447,995$2,050,841$3,547,826
58$4,663,510$2,489,108$2,040,706$3,755,438
59$5,057,866$2,529,753$2,027,748$3,981,335
60$5,489,886$2,569,827$2,011,794$4,227,362
61$5,963,328$2,609,223$1,992,664$4,495,555
62$6,482,336$2,647,824$1,970,167$4,788,161
63$7,051,472$2,685,505$1,944,104$5,107,657
64$7,675,760$2,722,132$1,914,269$5,456,776
65$8,360,733$2,757,562$1,880,444$5,838,533
66$9,112,489$2,791,643$1,842,399$6,256,251
67$9,937,740$2,824,212$1,799,897$6,713,600
68$10,843,885$2,855,093$1,752,688$7,214,623
69$11,839,069$2,884,101$1,700,512$7,763,783
70$12,932,269$2,911,037$1,643,094$8,365,999
71$14,133,373$2,935,690$1,580,150$9,026,698
72$15,453,273$2,957,834$1,511,381$9,751,865
73$16,903,968$2,977,230$1,436,474$10,548,100
74$18,498,681$2,993,622$1,355,103$11,422,680
75$20,251,974$3,006,738$1,266,927$12,383,633
76$22,179,897$3,016,289$1,171,590$13,439,808
77$24,300,127$3,021,968$1,068,720$14,600,967
78$26,632,144$3,023,448$957,926$15,877,870
79$29,197,409$3,020,383$838,803$17,282,385
80$32,019,568$3,012,405$710,926$18,827,596
81$35,124,674$2,999,123$573,851$20,527,931
82$38,541,432$2,980,122$427,117$22,399,298
83$42,301,473$2,954,962$270,240$24,459,234
84$46,439,644$2,923,177$102,715$26,727,078
85$50,994,348$2,884,272$0$29,224,150
86$56,007,893$2,837,723$0$31,998,302
87$61,526,902$2,782,976$0$35,087,771
88$67,602,746$2,719,441$0$38,488,397
89$74,292,028$2,646,496$0$42,231,866
90$81,657,123$2,563,482$0$46,353,100
91$89,766,757$2,469,700$0$50,890,586
92$98,696,662$2,364,412$0$55,886,737
93$108,530,290$2,246,836$0$61,388,297
94$119,359,594$2,116,146$0$67,446,780
95$131,285,903$1,971,467$0$74,118,958
96$144,420,872$1,811,876$0$81,467,398
97$158,887,537$1,636,394$0$89,561,052
98$174,821,478$1,443,990$0$98,475,910
99$192,372,095$1,233,571$0$108,295,720
100$211,704,017$1,003,984$0$119,112,774