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%13.2%
1 years$165,158$163,687$162,252$160,851$159,483$157,359
2 years$81,761$80,239$78,763$77,332$75,944$73,808
3 years$53,966$52,437$50,965$49,547$48,182$46,100
4 years$40,071$38,547$37,089$35,696$34,364$32,352
5 years$31,737$30,221$28,783$27,418$26,123$24,187
6 years$26,182$24,678$23,261$21,926$20,670$18,812
7 years$22,216$20,724$19,330$18,027$16,810$15,031
8 years$19,243$17,765$16,393$15,122$13,946$12,245
9 years$16,931$15,467$14,120$12,881$11,744$10,121
10 years$15,083$13,634$12,310$11,103$10,007$8,460
11 years$13,572$12,137$10,837$9,663$8,606$7,135
12 years$12,314$10,894$9,618$8,476$7,458$6,060
13 years$11,250$9,845$8,593$7,483$6,503$5,177
14 years$10,339$8,949$7,721$6,643$5,701$4,445
15 years$9,550$8,175$6,971$5,924$5,020$3,831
16 years$8,861$7,500$6,320$5,304$4,436$3,313
17 years$8,253$6,907$5,751$4,766$3,934$2,873
18 years$7,713$6,383$5,250$4,295$3,497$2,498
19 years$7,231$5,915$4,806$3,881$3,117$2,176
20 years$6,797$5,497$4,411$3,515$2,785$1,899
21 years$6,406$5,120$4,057$3,190$2,492$1,660
22 years$6,050$4,779$3,739$2,900$2,234$1,453
23 years$5,726$4,470$3,452$2,642$2,005$1,273
24 years$5,429$4,188$3,193$2,409$1,802$1,117
25 years$5,156$3,930$2,957$2,200$1,622$980
26 years$4,905$3,694$2,743$2,012$1,461$861
27 years$4,673$3,476$2,547$1,841$1,317$757
28 years$4,458$3,276$2,368$1,687$1,188$666
29 years$4,258$3,090$2,203$1,547$1,073$586
30 years$4,071$2,919$2,052$1,420$970$516
31 years$3,897$2,759$1,913$1,304$877$455
32 years$3,734$2,611$1,785$1,198$793$401
33 years$3,582$2,472$1,667$1,102$718$353
34 years$3,438$2,343$1,557$1,014$650$311
35 years$3,304$2,222$1,456$933$588$275
36 years$3,176$2,109$1,362$860$533$242
37 years$3,057$2,003$1,275$792$483$214
38 years$2,943$1,904$1,194$730$438$188
39 years$2,836$1,811$1,119$673$397$166
40 years$2,734$1,723$1,048$621$360$147
41 years$2,638$1,640$983$573$327$130
42 years$2,546$1,562$922$529$297$114
43 years$2,459$1,488$865$488$269$101
44 years$2,376$1,418$812$451$244$89
45 years$2,297$1,352$763$416$222$79
46 years$2,222$1,290$716$384$201$69
47 years$2,150$1,231$673$355$183$61
48 years$2,081$1,175$632$328$166$54
49 years$2,016$1,122$594$303$151$48
50 years$1,953$1,072$559$280$137$42

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 $3,063 every year, while hoping to spend $46,638 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: 58/20/22 Blend
47$2,000,000$2,000,000$2,000,000$2,000,000
48$2,207,159$2,101,159$2,070,159$2,322,002
49$2,382,667$2,154,494$2,089,887$2,453,884
50$2,574,514$2,208,878$2,108,713$2,592,314
51$2,784,316$2,264,316$2,126,557$2,742,222
52$3,013,855$2,320,806$2,143,336$2,904,728
53$3,265,092$2,378,349$2,158,961$3,081,065
54$3,540,185$2,436,942$2,173,340$3,272,591
55$3,841,513$2,496,581$2,186,375$3,480,802
56$4,171,693$2,557,259$2,197,965$3,707,349
57$4,533,609$2,618,968$2,208,000$3,954,048
58$4,930,438$2,681,698$2,216,368$4,222,902
59$5,365,676$2,745,435$2,222,951$4,516,115
60$5,843,178$2,810,164$2,227,622$4,836,120
61$6,367,186$2,875,866$2,230,251$5,185,595
62$6,942,375$2,942,519$2,230,701$5,567,492
63$7,573,894$3,010,099$2,228,826$5,985,064
64$8,267,414$3,078,578$2,224,475$6,441,896
65$9,029,185$3,147,923$2,217,490$6,941,940
66$9,866,090$3,218,098$2,207,703$7,489,549
67$10,785,710$3,289,064$2,194,940$8,089,523
68$11,796,399$3,360,775$2,179,017$8,747,148
69$12,907,361$3,433,183$2,159,744$9,468,255
70$14,128,735$3,506,232$2,136,918$10,259,266
71$15,471,691$3,579,862$2,110,330$11,127,261
72$16,948,536$3,654,007$2,079,758$12,080,041
73$18,572,829$3,728,596$2,044,973$13,126,208
74$20,359,510$3,803,549$2,005,731$14,275,236
75$22,325,037$3,878,781$1,961,781$15,537,573
76$24,487,548$3,954,199$1,912,858$16,924,729
77$26,867,024$4,029,700$1,858,684$18,449,393
78$29,485,481$4,105,176$1,798,971$20,125,549
79$32,367,178$4,180,508$1,733,415$21,968,607
80$35,538,846$4,255,568$1,661,699$23,995,554
81$39,029,935$4,330,217$1,583,493$26,225,110
82$42,872,898$4,404,308$1,498,450$28,677,908
83$47,103,493$4,477,679$1,406,208$31,376,688
84$51,761,122$4,550,158$1,306,389$34,346,511
85$56,889,202$4,621,561$1,198,597$37,614,999
86$62,535,571$4,691,688$1,082,421$41,212,595
87$68,752,946$4,760,327$957,429$45,172,849
88$75,599,413$4,827,250$823,170$49,532,738
89$83,138,981$4,892,213$679,174$54,333,017
90$91,442,180$4,954,954$524,949$59,618,600
91$100,586,731$5,015,195$359,983$65,438,986
92$110,658,275$5,072,638$183,740$71,848,732
93$121,751,185$5,126,963$0$78,907,964
94$133,969,454$5,177,832$0$86,683,964
95$147,427,675$5,224,883$0$95,294,839
96$162,252,125$5,267,729$0$104,778,040
97$178,581,954$5,305,960$0$115,222,420
98$196,570,499$5,339,138$0$126,725,893
99$216,386,730$5,366,796$0$139,396,359
100$238,216,848$5,388,440$0$153,352,725