Can I retire at age 48 with 1,040,000?

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 $1,040,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$85,882$85,117$84,371$83,642$82,931$79,925
2 years$42,516$41,724$40,957$40,213$39,491$36,495
3 years$28,062$27,267$26,502$25,765$25,055$22,164
4 years$20,837$20,044$19,286$18,562$17,869$15,105
5 years$16,503$15,715$14,967$14,257$13,584$10,954
6 years$13,615$12,832$12,096$11,402$10,748$8,254
7 years$11,552$10,777$10,052$9,374$8,741$6,382
8 years$10,006$9,238$8,524$7,864$7,252$5,026
9 years$8,804$8,043$7,342$6,698$6,107$4,012
10 years$7,843$7,089$6,401$5,774$5,204$3,235
11 years$7,058$6,311$5,635$5,025$4,475$2,629
12 years$6,403$5,665$5,001$4,408$3,878$2,150
13 years$5,850$5,119$4,468$3,891$3,382$1,767
14 years$5,376$4,653$4,015$3,454$2,964$1,457
15 years$4,966$4,251$3,625$3,081$2,610$1,206
16 years$4,608$3,900$3,286$2,758$2,307$1,001
17 years$4,292$3,592$2,991$2,478$2,045$832
18 years$4,011$3,319$2,730$2,233$1,819$693
19 years$3,760$3,076$2,499$2,018$1,621$578
20 years$3,535$2,858$2,294$1,828$1,448$483
21 years$3,331$2,662$2,110$1,659$1,296$404
22 years$3,146$2,485$1,944$1,508$1,161$338
23 years$2,977$2,324$1,795$1,374$1,043$283
24 years$2,823$2,178$1,660$1,253$937$237
25 years$2,681$2,044$1,538$1,144$843$199
26 years$2,551$1,921$1,426$1,046$760$167
27 years$2,430$1,808$1,324$958$685$140
28 years$2,318$1,703$1,231$877$618$117
29 years$2,214$1,607$1,146$805$558$98
30 years$2,117$1,518$1,067$738$504$83
31 years$2,027$1,435$995$678$456$69
32 years$1,942$1,357$928$623$412$58
33 years$1,862$1,286$867$573$373$49
34 years$1,788$1,218$810$527$338$41
35 years$1,718$1,156$757$485$306$35
36 years$1,652$1,097$708$447$277$29
37 years$1,589$1,042$663$412$251$24
38 years$1,530$990$621$380$228$20
39 years$1,475$941$582$350$207$17
40 years$1,422$896$545$323$187$14
41 years$1,372$853$511$298$170$12
42 years$1,324$812$480$275$154$10
43 years$1,279$774$450$254$140$9
44 years$1,236$738$422$234$127$7
45 years$1,195$703$397$216$115$6
46 years$1,155$671$372$200$105$5
47 years$1,118$640$350$185$95$4
48 years$1,082$611$329$171$86$4
49 years$1,048$584$309$158$78$3
50 years$1,015$558$291$146$71$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,040,000, adding $6,785 every year, while hoping to spend $49,193 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: 26/48/26 Blend
47$1,040,000$1,040,000$1,040,000$1,040,000
48$1,153,079$1,097,959$1,081,839$1,173,514
49$1,218,352$1,099,418$1,065,739$1,192,111
50$1,288,634$1,099,299$1,047,452$1,207,371
51$1,364,384$1,097,475$1,026,851$1,222,721
52$1,446,107$1,093,806$1,003,806$1,238,200
53$1,534,356$1,088,149$978,179$1,253,856
54$1,629,739$1,080,347$949,828$1,269,748
55$1,732,927$1,070,239$918,601$1,285,946
56$1,844,653$1,057,648$884,342$1,302,529
57$1,965,727$1,042,393$846,887$1,319,594
58$2,097,038$1,024,276$806,065$1,337,250
59$2,239,563$1,003,093$761,695$1,355,625
60$2,394,377$978,623$713,590$1,374,867
61$2,562,663$950,635$661,555$1,395,146
62$2,745,723$918,884$605,385$1,416,656
63$2,944,986$883,110$544,865$1,439,619
64$3,162,030$843,037$479,773$1,464,287
65$3,398,586$798,375$409,875$1,490,949
66$3,656,564$748,817$334,927$1,519,931
67$3,938,061$694,037$254,675$1,551,603
68$4,245,390$633,691$168,854$1,586,381
69$4,581,094$567,417$77,185$1,624,739
70$4,947,975$494,829$0$1,667,207
71$5,349,115$415,522$0$1,720,110
72$5,787,909$329,067$0$1,801,617
73$6,268,096$235,011$0$1,891,134
74$6,793,791$132,876$0$1,989,601
75$7,369,526$22,156$0$2,098,059
76$8,000,294$0$0$2,217,671
77$8,691,592$0$0$2,401,321
78$9,449,472$0$0$2,615,665
79$10,280,604$0$0$2,850,909
80$11,192,330$0$0$3,109,155
81$12,192,741$0$0$3,392,715
82$13,290,745$0$0$3,704,142
83$14,496,157$0$0$4,046,243
84$15,819,789$0$0$4,422,114
85$17,273,550$0$0$4,835,162
86$18,870,559$0$0$5,289,144
87$20,625,268$0$0$5,788,198
88$22,553,600$0$0$6,336,881
89$24,673,095$0$0$6,940,215
90$27,003,079$0$0$7,603,735
91$29,564,840$0$0$8,333,535
92$32,381,836$0$0$9,136,334
93$35,479,908$0$0$10,019,529
94$38,887,531$0$0$10,991,277
95$42,636,074$0$0$12,060,560
96$46,760,102$0$0$13,237,277
97$51,297,698$0$0$14,532,336
98$56,290,823$0$0$15,957,754
99$61,785,711$0$0$17,526,772
100$67,833,304$0$0$19,253,982