Can I retire at age 48 with 2,000,000?

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 $2,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$165,158$163,687$162,252$160,851$159,483$158,015
2 years$81,761$80,239$78,763$77,332$75,944$74,465
3 years$53,966$52,437$50,965$49,547$48,182$46,738
4 years$40,071$38,547$37,089$35,696$34,364$32,965
5 years$31,737$30,221$28,783$27,418$26,123$24,774
6 years$26,182$24,678$23,261$21,926$20,670$19,373
7 years$22,216$20,724$19,330$18,027$16,810$15,566
8 years$19,243$17,765$16,393$15,122$13,946$12,754
9 years$16,931$15,467$14,120$12,881$11,744$10,604
10 years$15,083$13,634$12,310$11,103$10,007$8,918
11 years$13,572$12,137$10,837$9,663$8,606$7,567
12 years$12,314$10,894$9,618$8,476$7,458$6,468
13 years$11,250$9,845$8,593$7,483$6,503$5,562
14 years$10,339$8,949$7,721$6,643$5,701$4,807
15 years$9,550$8,175$6,971$5,924$5,020$4,171
16 years$8,861$7,500$6,320$5,304$4,436$3,632
17 years$8,253$6,907$5,751$4,766$3,934$3,172
18 years$7,713$6,383$5,250$4,295$3,497$2,777
19 years$7,231$5,915$4,806$3,881$3,117$2,437
20 years$6,797$5,497$4,411$3,515$2,785$2,143
21 years$6,406$5,120$4,057$3,190$2,492$1,887
22 years$6,050$4,779$3,739$2,900$2,234$1,664
23 years$5,726$4,470$3,452$2,642$2,005$1,469
24 years$5,429$4,188$3,193$2,409$1,802$1,299
25 years$5,156$3,930$2,957$2,200$1,622$1,149
26 years$4,905$3,694$2,743$2,012$1,461$1,018
27 years$4,673$3,476$2,547$1,841$1,317$902
28 years$4,458$3,276$2,368$1,687$1,188$800
29 years$4,258$3,090$2,203$1,547$1,073$710
30 years$4,071$2,919$2,052$1,420$970$630
31 years$3,897$2,759$1,913$1,304$877$559
32 years$3,734$2,611$1,785$1,198$793$497
33 years$3,582$2,472$1,667$1,102$718$442
34 years$3,438$2,343$1,557$1,014$650$393
35 years$3,304$2,222$1,456$933$588$349
36 years$3,176$2,109$1,362$860$533$311
37 years$3,057$2,003$1,275$792$483$276
38 years$2,943$1,904$1,194$730$438$246
39 years$2,836$1,811$1,119$673$397$219
40 years$2,734$1,723$1,048$621$360$195
41 years$2,638$1,640$983$573$327$173
42 years$2,546$1,562$922$529$297$154
43 years$2,459$1,488$865$488$269$138
44 years$2,376$1,418$812$451$244$122
45 years$2,297$1,352$763$416$222$109
46 years$2,222$1,290$716$384$201$97
47 years$2,150$1,231$673$355$183$87
48 years$2,081$1,175$632$328$166$77
49 years$2,016$1,122$594$303$151$69
50 years$1,953$1,072$559$280$137$61

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $2,000,000, adding $4,912 every year, while hoping to spend $36,026 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$2,000,000$2,000,000$2,000,000$2,000,000
48$2,209,067$2,103,067$2,072,067$2,302,785
49$2,396,060$2,167,786$2,103,150$2,433,513
50$2,600,919$2,234,468$2,134,066$2,571,610
51$2,825,429$2,303,173$2,164,773$2,721,092
52$3,071,554$2,373,959$2,195,224$2,883,061
53$3,341,458$2,446,889$2,225,370$3,058,729
54$3,637,526$2,522,026$2,255,159$3,249,434
55$3,962,382$2,599,434$2,284,535$3,456,647
56$4,318,920$2,679,181$2,313,442$3,681,989
57$4,710,324$2,761,335$2,341,817$3,927,245
58$5,140,104$2,845,967$2,369,594$4,194,381
59$5,612,125$2,933,150$2,396,706$4,485,563
60$6,130,646$3,022,959$2,423,080$4,803,176
61$6,700,358$3,115,470$2,448,639$5,149,850
62$7,326,428$3,210,762$2,473,303$5,528,478
63$8,014,551$3,308,916$2,496,985$5,942,252
64$8,770,998$3,410,016$2,519,597$6,394,685
65$9,602,680$3,514,147$2,541,044$6,889,648
66$10,517,211$3,621,397$2,561,226$7,431,407
67$11,522,978$3,731,857$2,580,039$8,024,663
68$12,629,223$3,845,620$2,597,372$8,674,594
69$13,846,128$3,962,780$2,613,108$9,386,904
70$15,184,913$4,083,435$2,627,127$10,167,883
71$16,657,937$4,207,687$2,639,299$11,024,456
72$18,278,822$4,335,639$2,649,490$11,964,258
73$20,062,572$4,467,396$2,657,559$12,995,699
74$22,025,724$4,603,067$2,663,356$14,128,049
75$24,186,495$4,742,765$2,666,726$15,371,521
76$26,564,960$4,886,603$2,667,504$16,737,368
77$29,183,239$5,034,700$2,665,519$18,237,994
78$32,065,705$5,187,176$2,660,589$19,887,065
79$35,239,215$5,344,155$2,652,527$21,699,641
80$38,733,361$5,505,765$2,641,133$23,692,317
81$42,580,752$5,672,136$2,626,199$25,883,382
82$46,817,320$5,843,401$2,607,507$28,292,990
83$51,482,657$6,019,698$2,584,830$30,943,349
84$56,620,393$6,201,168$2,557,926$33,858,934
85$62,278,603$6,387,955$2,526,546$37,066,716
86$68,510,262$6,580,207$2,490,428$40,596,415
87$75,373,747$6,778,075$2,449,295$44,480,787
88$82,933,384$6,981,715$2,402,861$48,755,924
89$91,260,056$7,191,287$2,350,824$53,461,605
90$100,431,874$7,406,952$2,292,868$58,641,663
91$110,534,911$7,628,879$2,228,666$64,344,406
92$121,664,016$7,857,238$2,157,870$70,623,066
93$133,923,707$8,092,204$2,080,121$77,536,310
94$147,429,162$8,333,958$1,995,041$85,148,788
95$162,307,297$8,582,683$1,902,236$93,531,745
96$178,697,974$8,838,567$1,801,293$102,763,695
97$196,755,312$9,101,802$1,691,781$112,931,162
98$216,649,149$9,372,585$1,573,251$124,129,497
99$238,566,638$9,651,118$1,445,231$136,463,780
100$262,714,018$9,937,606$1,307,229$150,049,809