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

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 $1,990,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$164,332$162,869$161,440$160,046$158,685$153,483
2 years$81,353$79,838$78,369$76,945$75,564$70,373
3 years$53,696$52,175$50,710$49,300$47,941$42,923
4 years$39,871$38,354$36,904$35,518$34,192$29,386
5 years$31,578$30,070$28,639$27,281$25,992$21,411
6 years$26,051$24,554$23,145$21,817$20,567$16,214
7 years$22,105$20,621$19,233$17,937$16,726$12,602
8 years$19,146$17,676$16,311$15,047$13,876$9,977
9 years$16,847$15,390$14,049$12,816$11,686$8,007
10 years$15,008$13,565$12,248$11,048$9,957$6,493
11 years$13,504$12,077$10,783$9,615$8,563$5,308
12 years$12,253$10,839$9,570$8,434$7,421$4,367
13 years$11,194$9,796$8,550$7,446$6,471$3,610
14 years$10,288$8,904$7,682$6,609$5,672$2,997
15 years$9,503$8,134$6,936$5,894$4,994$2,497
16 years$8,816$7,463$6,288$5,278$4,414$2,085
17 years$8,212$6,873$5,722$4,742$3,914$1,746
18 years$7,675$6,351$5,224$4,274$3,480$1,464
19 years$7,195$5,886$4,782$3,862$3,102$1,230
20 years$6,763$5,469$4,389$3,497$2,771$1,034
21 years$6,374$5,095$4,037$3,174$2,479$871
22 years$6,020$4,756$3,720$2,886$2,222$734
23 years$5,697$4,448$3,435$2,628$1,995$619
24 years$5,402$4,167$3,177$2,397$1,793$522
25 years$5,131$3,911$2,943$2,189$1,614$441
26 years$4,881$3,676$2,729$2,002$1,453$372
27 years$4,649$3,459$2,534$1,832$1,310$315
28 years$4,435$3,259$2,356$1,679$1,182$266
29 years$4,236$3,075$2,192$1,539$1,068$225
30 years$4,051$2,904$2,042$1,413$965$190
31 years$3,878$2,745$1,904$1,298$872$161
32 years$3,716$2,598$1,776$1,192$789$136
33 years$3,564$2,460$1,658$1,097$714$115
34 years$3,421$2,331$1,550$1,009$646$97
35 years$3,287$2,211$1,449$929$586$82
36 years$3,161$2,099$1,355$855$530$70
37 years$3,041$1,993$1,269$788$481$59
38 years$2,928$1,894$1,188$726$436$50
39 years$2,822$1,801$1,113$670$395$42
40 years$2,721$1,714$1,043$618$359$36
41 years$2,625$1,632$978$570$325$30
42 years$2,534$1,554$918$526$295$26
43 years$2,447$1,480$861$486$268$22
44 years$2,364$1,411$808$448$243$18
45 years$2,286$1,346$759$414$221$16
46 years$2,211$1,284$713$382$200$13
47 years$2,139$1,225$670$353$182$11
48 years$2,071$1,170$629$327$165$9
49 years$2,006$1,117$591$302$150$8
50 years$1,943$1,067$556$279$136$7

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 $2,601 every year, while hoping to spend $56,235 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: 44/37/19 Blend
47$1,990,000$1,990,000$1,990,000$1,990,000
48$2,195,663$2,090,193$2,059,348$2,280,097
49$2,359,787$2,132,779$2,068,502$2,382,341
50$2,538,767$2,175,567$2,076,079$2,487,351
51$2,734,059$2,218,507$2,081,965$2,600,001
52$2,947,265$2,261,546$2,086,043$2,721,025
53$3,180,149$2,304,625$2,088,189$2,851,231
54$3,434,654$2,347,682$2,088,273$2,991,512
55$3,712,918$2,390,647$2,086,160$3,142,850
56$4,017,295$2,433,448$2,081,705$3,306,331
57$4,350,376$2,476,004$2,074,759$3,483,151
58$4,715,015$2,518,229$2,065,165$3,674,631
59$5,114,357$2,560,032$2,052,758$3,882,225
60$5,551,861$2,601,314$2,037,365$4,107,540
61$6,031,340$2,641,967$2,018,805$4,352,348
62$6,556,991$2,681,877$1,996,889$4,618,602
63$7,133,437$2,720,923$1,971,419$4,908,458
64$7,765,772$2,758,972$1,942,185$5,224,294
65$8,459,603$2,795,885$1,908,971$5,568,732
66$9,221,110$2,831,510$1,871,549$5,944,665
67$10,057,097$2,865,688$1,829,679$6,355,284
68$10,975,061$2,898,246$1,783,114$6,804,108
69$11,983,259$2,929,003$1,731,590$7,295,019
70$13,090,789$2,957,762$1,674,836$7,832,299
71$14,307,673$2,984,315$1,612,566$8,420,670
72$15,644,949$3,008,440$1,544,481$9,065,342
73$17,114,781$3,029,901$1,470,269$9,772,058
74$18,730,569$3,048,446$1,389,603$10,547,154
75$20,507,075$3,063,808$1,302,142$11,397,618
76$22,460,563$3,075,700$1,207,530$12,331,156
77$24,608,952$3,083,822$1,105,394$13,356,265
78$26,971,985$3,087,849$995,345$14,482,317
79$29,571,415$3,087,441$876,976$15,719,648
80$32,431,207$3,082,234$749,863$17,079,655
81$35,577,769$3,071,842$613,562$18,574,904
82$39,040,196$3,055,856$467,611$20,219,253
83$42,850,545$3,033,842$311,525$22,027,985
84$47,044,139$3,005,340$144,800$24,017,949
85$51,659,900$2,969,859$0$26,207,724
86$56,740,712$2,926,885$0$28,624,511
87$62,333,828$2,875,866$0$31,315,945
88$68,491,319$2,816,223$0$34,277,662
89$75,270,555$2,747,340$0$37,537,240
90$82,734,757$2,668,565$0$41,125,080
91$90,953,585$2,579,208$0$45,074,690
92$100,003,801$2,478,539$0$49,423,005
93$109,969,986$2,365,785$0$54,210,738
94$120,945,345$2,240,129$0$59,482,762
95$133,032,580$2,100,705$0$65,288,540
96$146,344,865$1,946,601$0$71,682,591
97$161,006,905$1,776,849$0$78,725,007
98$177,156,122$1,590,427$0$86,482,022
99$194,943,944$1,386,255$0$95,026,643
100$214,537,238$1,163,193$0$104,439,333