Can I retire at age 48 with 1,080,000?

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 $1,080,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$89,185$88,391$87,616$86,859$86,121$85,614
2 years$44,151$43,329$42,532$41,759$41,010$40,499
3 years$29,142$28,316$27,521$26,756$26,018$25,518
4 years$21,638$20,815$20,028$19,276$18,557$18,072
5 years$17,138$16,319$15,543$14,806$14,106$13,638
6 years$14,138$13,326$12,561$11,840$11,162$10,711
7 years$11,997$11,191$10,438$9,735$9,078$8,644
8 years$10,391$9,593$8,852$8,166$7,531$7,115
9 years$9,143$8,352$7,625$6,956$6,342$5,943
10 years$8,145$7,362$6,647$5,996$5,404$5,022
11 years$7,329$6,554$5,852$5,218$4,647$4,283
12 years$6,650$5,883$5,194$4,577$4,027$3,679
13 years$6,075$5,316$4,640$4,041$3,512$3,180
14 years$5,583$4,832$4,169$3,587$3,078$2,762
15 years$5,157$4,414$3,764$3,199$2,711$2,410
16 years$4,785$4,050$3,413$2,864$2,396$2,110
17 years$4,457$3,730$3,106$2,574$2,124$1,853
18 years$4,165$3,447$2,835$2,319$1,889$1,632
19 years$3,905$3,194$2,595$2,096$1,683$1,440
20 years$3,671$2,968$2,382$1,898$1,504$1,274
21 years$3,459$2,765$2,191$1,723$1,346$1,128
22 years$3,267$2,581$2,019$1,566$1,206$1,001
23 years$3,092$2,414$1,864$1,426$1,083$889
24 years$2,932$2,262$1,724$1,301$973$791
25 years$2,784$2,122$1,597$1,188$876$704
26 years$2,649$1,995$1,481$1,086$789$627
27 years$2,523$1,877$1,375$994$711$559
28 years$2,407$1,769$1,279$911$642$499
29 years$2,299$1,669$1,190$835$579$446
30 years$2,198$1,576$1,108$767$524$398
31 years$2,104$1,490$1,033$704$473$356
32 years$2,017$1,410$964$647$428$318
33 years$1,934$1,335$900$595$387$285
34 years$1,857$1,265$841$548$351$255
35 years$1,784$1,200$786$504$318$228
36 years$1,715$1,139$736$464$288$204
37 years$1,651$1,082$688$428$261$183
38 years$1,589$1,028$645$394$237$164
39 years$1,531$978$604$364$215$147
40 years$1,477$930$566$335$195$132
41 years$1,424$885$531$309$177$118
42 years$1,375$843$498$285$160$106
43 years$1,328$803$467$264$145$95
44 years$1,283$766$439$243$132$85
45 years$1,241$730$412$225$120$76
46 years$1,200$697$387$208$109$69
47 years$1,161$665$363$192$99$61
48 years$1,124$635$341$177$90$55
49 years$1,088$606$321$164$81$49
50 years$1,054$579$302$151$74$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,080,000, adding $4,730 every year, while hoping to spend $38,957 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: 47/43/10 Blend
47$1,080,000$1,080,000$1,080,000$1,080,000
48$1,195,039$1,137,799$1,121,059$1,247,694
49$1,275,483$1,152,101$1,117,165$1,298,760
50$1,362,827$1,165,799$1,111,834$1,349,721
51$1,457,733$1,178,820$1,104,978$1,404,139
52$1,560,930$1,191,091$1,096,503$1,462,349
53$1,673,220$1,202,530$1,086,311$1,524,718
54$1,795,486$1,213,051$1,074,300$1,591,656
55$1,928,698$1,222,563$1,060,362$1,663,612
56$2,073,925$1,230,968$1,044,383$1,741,085
57$2,232,342$1,238,163$1,026,248$1,824,624
58$2,405,246$1,244,038$1,005,831$1,914,839
59$2,594,059$1,248,474$983,005$2,012,399
60$2,800,351$1,251,346$957,633$2,118,049
61$3,025,848$1,252,524$929,575$2,232,607
62$3,272,451$1,251,864$898,683$2,356,979
63$3,542,254$1,249,218$864,802$2,492,167
64$3,837,561$1,244,427$827,770$2,639,276
65$4,160,910$1,237,322$787,418$2,799,527
66$4,515,096$1,227,724$743,570$2,974,268
67$4,903,197$1,215,444$696,041$3,164,990
68$5,328,603$1,200,281$644,638$3,373,337
69$5,795,046$1,182,020$589,159$3,601,127
70$6,306,639$1,160,437$529,394$3,850,365
71$6,867,910$1,135,292$465,122$4,123,266
72$7,483,848$1,106,332$396,115$4,422,277
73$8,159,946$1,073,289$322,130$4,750,097
74$8,902,258$1,035,877$242,919$5,109,707
75$9,717,451$993,797$158,219$5,504,398
76$10,612,869$946,732$67,758$5,937,803
77$11,596,603$894,343$0$6,413,932
78$12,677,566$836,276$0$6,940,280
79$13,865,578$772,154$0$7,526,576
80$15,171,457$701,579$0$8,171,006
81$16,607,120$624,131$0$8,879,553
82$18,185,699$539,366$0$9,658,818
83$19,921,659$446,814$0$10,516,081
84$21,830,940$345,979$0$11,459,374
85$23,931,101$236,337$0$12,497,555
86$26,241,490$117,335$0$13,640,397
87$28,783,426$0$0$14,898,676
88$31,580,397$0$0$16,289,774
89$34,658,282$0$0$17,881,824
90$38,045,596$0$0$19,634,073
91$41,773,760$0$0$21,562,794
92$45,877,394$0$0$23,685,914
93$50,394,644$0$0$26,023,190
94$55,367,542$0$0$28,596,389
95$60,842,404$0$0$31,429,498
96$66,870,265$0$0$34,548,947
97$73,507,358$0$0$37,983,859
98$80,815,649$0$0$41,766,327
99$88,863,418$0$0$45,931,711
100$97,725,903$0$0$50,518,979