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 $6,325 every year, while hoping to spend $48,684 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: 65/11/24 Blend
47$1,060,000$1,060,000$1,060,000$1,060,000
48$1,174,644$1,118,464$1,102,034$1,243,286
49$1,242,659$1,121,470$1,087,153$1,293,310
50$1,315,979$1,122,991$1,070,142$1,341,915
51$1,395,094$1,122,903$1,050,877$1,393,932
52$1,480,544$1,121,075$1,029,231$1,449,697
53$1,572,918$1,117,367$1,005,069$1,509,587
54$1,672,868$1,111,629$978,251$1,574,014
55$1,781,106$1,103,705$948,629$1,643,436
56$1,898,420$1,093,428$916,049$1,718,357
57$2,025,673$1,080,620$880,350$1,799,337
58$2,163,814$1,065,093$841,364$1,886,993
59$2,313,888$1,046,648$798,916$1,982,006
60$2,477,045$1,025,074$752,820$2,085,129
61$2,654,550$1,000,148$702,885$2,197,196
62$2,847,792$971,633$648,909$2,319,126
63$3,058,302$939,279$590,684$2,451,934
64$3,287,767$902,821$527,989$2,596,742
65$3,538,038$861,978$460,596$2,754,790
66$3,811,157$816,454$388,265$2,927,445
67$4,109,369$765,935$310,746$3,116,217
68$4,435,148$710,089$227,779$3,322,777
69$4,791,214$648,565$139,091$3,548,964
70$5,180,566$580,992$44,398$3,796,814
71$5,606,501$506,979$0$4,068,570
72$6,072,654$426,110$0$4,381,219
73$6,583,025$337,950$0$4,736,064
74$7,142,019$242,034$0$5,124,826
75$7,754,487$137,876$0$5,550,921
76$8,425,772$24,960$0$6,018,118
77$9,161,759$0$0$6,530,568
78$9,968,927$0$0$7,104,619
79$10,854,417$0$0$7,737,757
80$11,826,088$0$0$8,432,592
81$12,892,603$0$0$9,195,326
82$14,063,501$0$0$10,032,791
83$15,349,289$0$0$10,952,512
84$16,761,543$0$0$11,962,782
85$18,313,017$0$0$13,072,732
86$20,017,758$0$0$14,292,423
87$21,891,241$0$0$15,632,941
88$23,950,518$0$0$17,106,497
89$26,214,371$0$0$18,726,544
90$28,703,496$0$0$20,507,903
91$31,440,692$0$0$22,466,906
92$34,451,080$0$0$24,621,544
93$37,762,335$0$0$26,991,639
94$41,404,952$0$0$29,599,034
95$45,412,528$0$0$32,467,791
96$49,822,081$0$0$35,624,426
97$54,674,399$0$0$39,098,153
98$60,014,422$0$0$42,921,161
99$65,891,671$0$0$47,128,918
100$72,360,705$0$0$51,760,505