Can I retire at age 48 with 1,060,000?

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 $1,060,000?

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$87,534$86,754$85,993$85,251$84,526$81,462
2 years$43,334$42,527$41,744$40,986$40,250$37,197
3 years$28,602$27,792$27,011$26,260$25,537$22,590
4 years$21,238$20,430$19,657$18,919$18,213$15,396
5 years$16,820$16,017$15,255$14,532$13,845$11,164
6 years$13,876$13,079$12,328$11,621$10,955$8,413
7 years$11,774$10,984$10,245$9,554$8,909$6,505
8 years$10,199$9,415$8,688$8,015$7,391$5,123
9 years$8,974$8,198$7,483$6,827$6,225$4,089
10 years$7,994$7,226$6,524$5,885$5,304$3,297
11 years$7,193$6,433$5,744$5,122$4,561$2,679
12 years$6,526$5,774$5,097$4,492$3,953$2,191
13 years$5,963$5,218$4,554$3,966$3,447$1,800
14 years$5,480$4,743$4,092$3,521$3,021$1,485
15 years$5,062$4,333$3,695$3,140$2,660$1,229
16 years$4,696$3,975$3,350$2,811$2,351$1,020
17 years$4,374$3,661$3,048$2,526$2,085$848
18 years$4,088$3,383$2,782$2,276$1,854$707
19 years$3,832$3,135$2,547$2,057$1,652$590
20 years$3,603$2,913$2,338$1,863$1,476$492
21 years$3,395$2,714$2,150$1,691$1,321$412
22 years$3,206$2,533$1,982$1,537$1,184$345
23 years$3,035$2,369$1,830$1,400$1,063$289
24 years$2,877$2,220$1,692$1,277$955$242
25 years$2,733$2,083$1,567$1,166$859$203
26 years$2,600$1,958$1,454$1,066$774$170
27 years$2,477$1,843$1,350$976$698$143
28 years$2,363$1,736$1,255$894$630$120
29 years$2,256$1,638$1,168$820$569$100
30 years$2,158$1,547$1,088$753$514$84
31 years$2,065$1,462$1,014$691$465$71
32 years$1,979$1,384$946$635$420$59
33 years$1,898$1,310$883$584$380$50
34 years$1,822$1,242$825$537$344$42
35 years$1,751$1,178$772$495$312$35
36 years$1,684$1,118$722$456$283$30
37 years$1,620$1,062$676$420$256$25
38 years$1,560$1,009$633$387$232$21
39 years$1,503$960$593$357$211$18
40 years$1,449$913$556$329$191$15
41 years$1,398$869$521$304$173$12
42 years$1,350$828$489$280$157$10
43 years$1,303$789$459$259$143$9
44 years$1,259$752$430$239$130$7
45 years$1,218$717$404$221$118$6
46 years$1,178$684$380$204$107$5
47 years$1,140$653$357$188$97$4
48 years$1,103$623$335$174$88$4
49 years$1,068$595$315$161$80$3
50 years$1,035$568$296$149$73$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,060,000, adding $3,213 every year, while hoping to spend $46,076 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: 71/14/15 Blend
47$1,060,000$1,060,000$1,060,000$1,060,000
48$1,171,434$1,115,254$1,098,824$1,250,406
49$1,241,896$1,120,877$1,086,610$1,308,881
50$1,318,001$1,125,231$1,072,443$1,367,000
51$1,400,275$1,128,206$1,056,208$1,429,428
52$1,489,298$1,129,683$1,037,786$1,496,581
53$1,585,707$1,129,538$1,017,053$1,568,920
54$1,690,201$1,127,638$993,876$1,646,954
55$1,803,551$1,123,841$968,120$1,731,242
56$1,926,601$1,117,998$939,640$1,822,403
57$2,060,285$1,109,949$908,288$1,921,119
58$2,205,625$1,099,528$873,907$2,028,143
59$2,363,748$1,086,554$836,332$2,144,303
60$2,535,894$1,070,839$795,393$2,270,516
61$2,723,426$1,052,181$750,910$2,407,793
62$2,927,847$1,030,369$702,696$2,557,247
63$3,150,807$1,005,177$650,556$2,720,107
64$3,394,125$976,366$594,286$2,897,731
65$3,659,802$943,685$533,671$3,091,613
66$3,950,042$906,866$468,489$3,303,405
67$4,267,271$865,627$398,508$3,534,925
68$4,614,158$819,667$323,483$3,788,184
69$4,993,643$768,672$243,161$4,065,395
70$5,408,964$712,307$157,277$4,369,000
71$5,863,687$650,218$65,553$4,701,696
72$6,361,735$582,032$0$5,066,454
73$6,907,434$507,352$0$5,471,726
74$7,505,542$425,763$0$5,927,486
75$8,161,305$336,823$0$6,427,269
76$8,880,496$240,065$0$6,975,524
77$9,669,478$134,999$0$7,577,156
78$10,535,255$21,105$0$8,237,571
79$11,485,545$0$0$8,962,725
80$12,528,850$0$0$9,774,924
81$13,674,533$0$0$10,670,451
82$14,932,909$0$0$11,654,123
83$16,315,342$0$0$12,734,831
84$17,834,350$0$0$13,922,369
85$19,503,725$0$0$15,227,526
86$21,338,660$0$0$16,662,190
87$23,355,892$0$0$18,239,455
88$25,573,865$0$0$19,973,749
89$28,012,894$0$0$21,880,968
90$30,695,365$0$0$23,978,625
91$33,645,940$0$0$26,286,015
92$36,891,793$0$0$28,824,399
93$40,462,863$0$0$31,617,201
94$44,392,137$0$0$34,690,228
95$48,715,962$0$0$38,071,919
96$53,474,386$0$0$41,793,606
97$58,711,535$0$0$45,889,812
98$64,476,030$0$0$50,398,580
99$70,821,445$0$0$55,361,824
100$77,806,812$0$0$60,825,730