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%17.7%
1 years$87,534$86,754$85,993$85,251$84,526$81,886
2 years$43,334$42,527$41,744$40,986$40,250$37,614
3 years$28,602$27,792$27,011$26,260$25,537$22,987
4 years$21,238$20,430$19,657$18,919$18,213$15,769
5 years$16,820$16,017$15,255$14,532$13,845$11,514
6 years$13,876$13,079$12,328$11,621$10,955$8,738
7 years$11,774$10,984$10,245$9,554$8,909$6,807
8 years$10,199$9,415$8,688$8,015$7,391$5,402
9 years$8,974$8,198$7,483$6,827$6,225$4,346
10 years$7,994$7,226$6,524$5,885$5,304$3,533
11 years$7,193$6,433$5,744$5,122$4,561$2,896
12 years$6,526$5,774$5,097$4,492$3,953$2,388
13 years$5,963$5,218$4,554$3,966$3,447$1,980
14 years$5,480$4,743$4,092$3,521$3,021$1,649
15 years$5,062$4,333$3,695$3,140$2,660$1,377
16 years$4,696$3,975$3,350$2,811$2,351$1,153
17 years$4,374$3,661$3,048$2,526$2,085$968
18 years$4,088$3,383$2,782$2,276$1,854$815
19 years$3,832$3,135$2,547$2,057$1,652$686
20 years$3,603$2,913$2,338$1,863$1,476$579
21 years$3,395$2,714$2,150$1,691$1,321$489
22 years$3,206$2,533$1,982$1,537$1,184$413
23 years$3,035$2,369$1,830$1,400$1,063$350
24 years$2,877$2,220$1,692$1,277$955$296
25 years$2,733$2,083$1,567$1,166$859$251
26 years$2,600$1,958$1,454$1,066$774$212
27 years$2,477$1,843$1,350$976$698$180
28 years$2,363$1,736$1,255$894$630$153
29 years$2,256$1,638$1,168$820$569$130
30 years$2,158$1,547$1,088$753$514$110
31 years$2,065$1,462$1,014$691$465$93
32 years$1,979$1,384$946$635$420$79
33 years$1,898$1,310$883$584$380$67
34 years$1,822$1,242$825$537$344$57
35 years$1,751$1,178$772$495$312$48
36 years$1,684$1,118$722$456$283$41
37 years$1,620$1,062$676$420$256$35
38 years$1,560$1,009$633$387$232$30
39 years$1,503$960$593$357$211$25
40 years$1,449$913$556$329$191$21
41 years$1,398$869$521$304$173$18
42 years$1,350$828$489$280$157$15
43 years$1,303$789$459$259$143$13
44 years$1,259$752$430$239$130$11
45 years$1,218$717$404$221$118$9
46 years$1,178$684$380$204$107$8
47 years$1,140$653$357$188$97$7
48 years$1,103$623$335$174$88$6
49 years$1,068$595$315$161$80$5
50 years$1,035$568$296$149$73$4

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 $3,616 every year, while hoping to spend $35,134 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: 68/9/23 Blend
47$1,060,000$1,060,000$1,060,000$1,060,000
48$1,171,850$1,115,670$1,099,240$1,244,459
49$1,253,996$1,132,955$1,098,682$1,310,865
50$1,343,344$1,149,910$1,096,928$1,379,098
51$1,440,591$1,166,482$1,093,901$1,452,915
52$1,546,504$1,182,612$1,089,519$1,532,865
53$1,661,927$1,198,240$1,083,698$1,619,556
54$1,787,791$1,213,301$1,076,349$1,713,657
55$1,925,118$1,227,725$1,067,379$1,815,906
56$2,075,033$1,241,437$1,056,690$1,927,116
57$2,238,778$1,254,358$1,044,180$2,048,185
58$2,417,714$1,266,403$1,029,741$2,180,101
59$2,613,346$1,277,482$1,013,263$2,323,955
60$2,827,327$1,287,498$994,626$2,480,950
61$3,061,477$1,296,348$973,709$2,652,411
62$3,317,802$1,303,923$950,383$2,839,800
63$3,598,510$1,310,108$924,512$3,044,729
64$3,906,032$1,314,777$895,958$3,268,976
65$4,243,047$1,317,801$864,572$3,514,499
66$4,612,502$1,319,038$830,200$3,783,458
67$5,017,648$1,318,341$792,682$4,078,236
68$5,462,060$1,315,552$751,849$4,401,459
69$5,949,679$1,310,503$707,525$4,756,022
70$6,484,847$1,303,018$659,527$5,145,117
71$7,072,342$1,292,907$607,663$5,572,264
72$7,717,433$1,279,971$551,731$6,041,342
73$8,425,920$1,263,998$491,522$6,556,630
74$9,204,193$1,244,764$426,818$7,122,842
75$10,059,294$1,222,030$357,389$7,745,179
76$10,998,977$1,195,545$282,998$8,429,371
77$12,031,788$1,165,042$203,393$9,181,738
78$13,167,139$1,130,237$118,315$10,009,244
79$14,415,401$1,090,833$27,493$10,919,569
80$15,788,001$1,046,513$0$11,921,177
81$17,297,526$996,941$0$13,040,439
82$18,957,845$941,763$0$14,278,910
83$20,784,240$880,604$0$15,641,252
84$22,793,548$813,068$0$17,140,042
85$25,004,318$738,737$0$18,789,143
86$27,436,990$657,167$0$20,603,827
87$30,114,085$567,890$0$22,600,927
88$33,060,418$470,413$0$24,798,990
89$36,303,329$364,212$0$27,218,455
90$39,872,946$248,735$0$29,881,845
91$43,802,464$123,401$0$32,813,979
92$48,128,460$0$0$36,042,210
93$52,891,240$0$0$39,597,906
94$58,135,215$0$0$43,526,375
95$63,909,320$0$0$47,852,067
96$70,267,481$0$0$52,615,389
97$77,269,114$0$0$57,860,865
98$84,979,697$0$0$63,637,560
99$93,471,377$0$0$69,999,536
100$102,823,656$0$0$77,006,368