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

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 $1,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$82,579$81,843$81,126$80,425$79,741$78,259
2 years$40,881$40,119$39,381$38,666$37,972$36,485
3 years$26,983$26,218$25,482$24,774$24,091$22,644
4 years$20,036$19,273$18,545$17,848$17,182$15,787
5 years$15,868$15,111$14,391$13,709$13,061$11,723
6 years$13,091$12,339$11,630$10,963$10,335$9,054
7 years$11,108$10,362$9,665$9,013$8,405$7,182
8 years$9,621$8,882$8,197$7,561$6,973$5,807
9 years$8,466$7,734$7,060$6,440$5,872$4,763
10 years$7,542$6,817$6,155$5,552$5,003$3,950
11 years$6,786$6,069$5,419$4,832$4,303$3,304
12 years$6,157$5,447$4,809$4,238$3,729$2,783
13 years$5,625$4,922$4,296$3,742$3,252$2,357
14 years$5,170$4,474$3,860$3,321$2,850$2,006
15 years$4,775$4,087$3,485$2,962$2,510$1,714
16 years$4,430$3,750$3,160$2,652$2,218$1,468
17 years$4,126$3,454$2,875$2,383$1,967$1,262
18 years$3,857$3,191$2,625$2,148$1,749$1,087
19 years$3,615$2,958$2,403$1,940$1,559$938
20 years$3,399$2,748$2,205$1,757$1,392$811
21 years$3,203$2,560$2,029$1,595$1,246$702
22 years$3,025$2,390$1,870$1,450$1,117$608
23 years$2,863$2,235$1,726$1,321$1,002$527
24 years$2,714$2,094$1,596$1,205$901$458
25 years$2,578$1,965$1,479$1,100$811$398
26 years$2,453$1,847$1,371$1,006$730$346
27 years$2,336$1,738$1,273$921$658$301
28 years$2,229$1,638$1,184$844$594$262
29 years$2,129$1,545$1,102$774$537$228
30 years$2,036$1,459$1,026$710$485$199
31 years$1,949$1,380$957$652$438$173
32 years$1,867$1,305$893$599$396$151
33 years$1,791$1,236$833$551$359$132
34 years$1,719$1,172$779$507$325$115
35 years$1,652$1,111$728$467$294$100
36 years$1,588$1,055$681$430$267$87
37 years$1,528$1,002$637$396$242$76
38 years$1,472$952$597$365$219$67
39 years$1,418$905$559$337$199$58
40 years$1,367$861$524$310$180$51
41 years$1,319$820$492$286$163$44
42 years$1,273$781$461$264$148$39
43 years$1,230$744$433$244$135$34
44 years$1,188$709$406$225$122$29
45 years$1,149$676$381$208$111$26
46 years$1,111$645$358$192$101$22
47 years$1,075$616$336$178$91$20
48 years$1,041$588$316$164$83$17
49 years$1,008$561$297$152$75$15
50 years$976$536$279$140$69$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,000,000, adding $6,852 every year, while hoping to spend $39,278 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: 85/5/10 Blend
47$1,000,000$1,000,000$1,000,000$1,000,000
48$1,109,068$1,056,068$1,040,568$1,201,144
49$1,180,401$1,066,024$1,033,635$1,272,287
50$1,257,694$1,075,151$1,025,154$1,344,411
51$1,341,513$1,083,367$1,015,031$1,422,435
52$1,432,481$1,090,586$1,003,168$1,506,926
53$1,531,283$1,096,713$989,463$1,598,513
54$1,638,672$1,101,651$973,808$1,697,883
55$1,755,478$1,105,293$956,092$1,805,797
56$1,882,612$1,107,528$936,197$1,923,092
57$2,021,078$1,108,236$913,999$2,050,687
58$2,171,981$1,107,293$889,371$2,189,599
59$2,336,536$1,104,562$862,177$2,340,945
60$2,516,080$1,099,903$832,277$2,505,955
61$2,712,085$1,093,164$799,524$2,685,986
62$2,926,174$1,084,185$763,764$2,882,533
63$3,160,129$1,072,796$724,836$3,097,240
64$3,415,916$1,058,816$682,571$3,331,922
65$3,695,696$1,042,055$636,794$3,588,576
66$4,001,852$1,022,311$587,322$3,869,404
67$4,337,005$999,368$533,962$4,176,830
68$4,704,044$973,001$476,513$4,513,528
69$5,106,147$942,969$414,767$4,882,441
70$5,546,817$909,018$348,505$5,286,814
71$6,029,910$870,877$277,498$5,730,222
72$6,559,675$828,264$201,507$6,216,605
73$7,140,789$780,876$120,285$6,750,302
74$7,778,405$728,395$33,570$7,336,099
75$8,478,199$670,483$0$7,979,266
76$9,246,425$606,786$0$8,691,904
77$10,089,968$536,926$0$9,478,354
78$11,016,415$460,506$0$10,342,115
79$12,034,124$377,105$0$11,290,993
80$13,152,301$286,280$0$12,333,589
81$14,381,089$187,561$0$13,479,380
82$15,731,662$80,453$0$14,738,805
83$17,216,330$0$0$16,123,369
84$18,848,655$0$0$17,647,703
85$20,643,580$0$0$19,328,762
86$22,617,566$0$0$21,177,540
87$24,788,752$0$0$23,211,028
88$27,177,121$0$0$25,447,942
89$29,804,691$0$0$27,908,908
90$32,695,722$0$0$30,616,648
91$35,876,942$0$0$33,596,200
92$39,377,804$0$0$36,875,151
93$43,230,759$0$0$40,483,897
94$47,471,562$0$0$44,455,931
95$52,139,612$0$0$48,828,157
96$57,278,320$0$0$53,641,238
97$62,935,522$0$0$58,939,981
98$69,163,924$0$0$64,773,756
99$76,021,607$0$0$71,196,967
100$83,572,566$0$0$78,269,557