Can I retire at age 48 with 1,990,000?

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 $1,990,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$164,332$162,869$161,440$160,046$158,685$155,545
2 years$81,353$79,838$78,369$76,945$75,564$72,414
3 years$53,696$52,175$50,710$49,300$47,941$44,879
4 years$39,871$38,354$36,904$35,518$34,192$31,241
5 years$31,578$30,070$28,639$27,281$25,992$23,161
6 years$26,051$24,554$23,145$21,817$20,567$17,859
7 years$22,105$20,621$19,233$17,937$16,726$14,142
8 years$19,146$17,676$16,311$15,047$13,876$11,415
9 years$16,847$15,390$14,049$12,816$11,686$9,346
10 years$15,008$13,565$12,248$11,048$9,957$7,736
11 years$13,504$12,077$10,783$9,615$8,563$6,459
12 years$12,253$10,839$9,570$8,434$7,421$5,430
13 years$11,194$9,796$8,550$7,446$6,471$4,590
14 years$10,288$8,904$7,682$6,609$5,672$3,898
15 years$9,503$8,134$6,936$5,894$4,994$3,323
16 years$8,816$7,463$6,288$5,278$4,414$2,842
17 years$8,212$6,873$5,722$4,742$3,914$2,437
18 years$7,675$6,351$5,224$4,274$3,480$2,094
19 years$7,195$5,886$4,782$3,862$3,102$1,803
20 years$6,763$5,469$4,389$3,497$2,771$1,555
21 years$6,374$5,095$4,037$3,174$2,479$1,343
22 years$6,020$4,756$3,720$2,886$2,222$1,161
23 years$5,697$4,448$3,435$2,628$1,995$1,005
24 years$5,402$4,167$3,177$2,397$1,793$870
25 years$5,131$3,911$2,943$2,189$1,614$754
26 years$4,881$3,676$2,729$2,002$1,453$654
27 years$4,649$3,459$2,534$1,832$1,310$568
28 years$4,435$3,259$2,356$1,679$1,182$493
29 years$4,236$3,075$2,192$1,539$1,068$428
30 years$4,051$2,904$2,042$1,413$965$372
31 years$3,878$2,745$1,904$1,298$872$324
32 years$3,716$2,598$1,776$1,192$789$281
33 years$3,564$2,460$1,658$1,097$714$245
34 years$3,421$2,331$1,550$1,009$646$213
35 years$3,287$2,211$1,449$929$586$185
36 years$3,161$2,099$1,355$855$530$161
37 years$3,041$1,993$1,269$788$481$140
38 years$2,928$1,894$1,188$726$436$122
39 years$2,822$1,801$1,113$670$395$106
40 years$2,721$1,714$1,043$618$359$93
41 years$2,625$1,632$978$570$325$81
42 years$2,534$1,554$918$526$295$70
43 years$2,447$1,480$861$486$268$61
44 years$2,364$1,411$808$448$243$53
45 years$2,286$1,346$759$414$221$46
46 years$2,211$1,284$713$382$200$40
47 years$2,139$1,225$670$353$182$35
48 years$2,071$1,170$629$327$165$31
49 years$2,006$1,117$591$302$150$27
50 years$1,943$1,067$556$279$136$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,990,000, adding $5,766 every year, while hoping to spend $23,129 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: 65/25/10 Blend
47$1,990,000$1,990,000$1,990,000$1,990,000
48$2,198,928$2,093,458$2,062,613$2,336,785
49$2,398,609$2,171,428$2,107,101$2,507,365
50$2,617,883$2,252,444$2,152,305$2,690,413
51$2,858,723$2,336,630$2,198,223$2,889,815
52$3,123,304$2,424,116$2,244,855$3,107,165
53$3,414,022$2,515,038$2,292,198$3,344,213
54$3,733,515$2,609,538$2,340,250$3,602,887
55$4,084,692$2,707,763$2,389,006$3,885,307
56$4,470,754$2,809,867$2,438,462$4,193,808
57$4,895,232$2,916,012$2,488,611$4,530,960
58$5,362,013$3,026,364$2,539,447$4,899,590
59$5,875,381$3,141,098$2,590,961$5,302,813
60$6,440,055$3,260,398$2,643,144$5,744,055
61$7,061,236$3,384,452$2,695,984$6,227,090
62$7,744,653$3,513,461$2,749,470$6,756,074
63$8,496,618$3,647,631$2,803,588$7,335,581
64$9,324,087$3,787,179$2,858,322$7,970,648
65$10,234,723$3,932,330$2,913,655$8,666,822
66$11,236,971$4,083,320$2,969,569$9,430,213
67$12,340,135$4,240,396$3,026,042$10,267,546
68$13,554,467$4,403,813$3,083,052$11,186,231
69$14,891,263$4,573,841$3,140,575$12,194,427
70$16,362,971$4,750,758$3,198,584$13,301,122
71$17,983,306$4,934,858$3,257,049$14,516,212
72$19,767,382$5,126,444$3,315,939$15,850,601
73$21,731,852$5,325,837$3,375,219$17,316,298
74$23,895,066$5,533,368$3,434,854$18,926,530
75$26,277,244$5,749,385$3,494,804$20,695,868
76$28,900,669$5,974,250$3,555,025$22,640,364
77$31,789,892$6,208,343$3,615,473$24,777,699
78$34,971,968$6,452,059$3,676,099$27,127,352
79$38,476,710$6,705,812$3,736,850$29,710,780
80$42,336,971$6,970,033$3,797,670$32,551,624
81$46,588,951$7,245,173$3,858,501$35,675,926
82$51,272,541$7,531,704$3,919,278$39,112,377
83$56,431,701$7,830,118$3,979,934$42,892,587
84$62,114,869$8,140,928$4,040,397$47,051,382
85$68,375,426$8,464,674$4,100,590$51,627,130
86$75,272,191$8,801,915$4,160,432$56,662,103
87$82,869,985$9,153,239$4,219,837$62,202,877
88$91,240,234$9,519,259$4,278,713$68,300,766
89$100,461,651$9,900,615$4,336,962$75,012,311
90$110,620,972$10,297,978$4,394,483$82,399,805
91$121,813,779$10,712,047$4,451,166$90,531,887
92$134,145,400$11,143,553$4,506,896$99,484,183
93$147,731,906$11,593,262$4,561,552$109,340,022
94$162,701,200$12,061,972$4,615,004$120,191,220
95$179,194,233$12,550,519$4,667,117$132,138,943
96$197,366,327$13,059,776$4,717,747$145,294,664
97$217,388,644$13,590,657$4,766,743$159,781,209
98$239,449,802$14,144,116$4,813,946$175,733,922
99$263,757,656$14,721,151$4,859,187$193,301,930
100$290,541,255$15,322,806$4,902,288$212,649,561