Can I retire at age 48 with 1,110,000?

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 $1,110,000?

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$91,663$90,846$90,050$89,272$88,513$87,992
2 years$45,378$44,532$43,713$42,919$42,149$41,623
3 years$29,951$29,102$28,285$27,499$26,741$26,227
4 years$22,240$21,393$20,585$19,811$19,072$18,574
5 years$17,614$16,773$15,974$15,217$14,498$14,017
6 years$14,531$13,696$12,910$12,169$11,472$11,008
7 years$12,330$11,502$10,728$10,005$9,330$8,884
8 years$10,680$9,859$9,098$8,393$7,740$7,312
9 years$9,397$8,584$7,836$7,149$6,518$6,108
10 years$8,371$7,567$6,832$6,162$5,554$5,162
11 years$7,533$6,736$6,015$5,363$4,776$4,402
12 years$6,834$6,046$5,338$4,704$4,139$3,781
13 years$6,244$5,464$4,769$4,153$3,609$3,268
14 years$5,738$4,966$4,285$3,687$3,164$2,839
15 years$5,300$4,537$3,869$3,288$2,786$2,477
16 years$4,918$4,163$3,508$2,944$2,462$2,169
17 years$4,580$3,834$3,192$2,645$2,183$1,905
18 years$4,281$3,542$2,914$2,384$1,941$1,677
19 years$4,013$3,283$2,667$2,154$1,730$1,480
20 years$3,773$3,051$2,448$1,951$1,545$1,309
21 years$3,555$2,842$2,252$1,770$1,383$1,159
22 years$3,358$2,653$2,075$1,610$1,240$1,029
23 years$3,178$2,481$1,916$1,466$1,113$914
24 years$3,013$2,324$1,772$1,337$1,000$813
25 years$2,862$2,181$1,641$1,221$900$724
26 years$2,722$2,050$1,522$1,117$811$645
27 years$2,593$1,929$1,414$1,022$731$575
28 years$2,474$1,818$1,314$936$660$513
29 years$2,363$1,715$1,223$859$596$458
30 years$2,259$1,620$1,139$788$538$409
31 years$2,163$1,531$1,062$724$486$366
32 years$2,073$1,449$991$665$440$327
33 years$1,988$1,372$925$612$398$293
34 years$1,908$1,300$864$563$361$262
35 years$1,833$1,233$808$518$327$235
36 years$1,763$1,171$756$477$296$210
37 years$1,696$1,112$708$440$268$188
38 years$1,633$1,057$663$405$243$169
39 years$1,574$1,005$621$374$220$151
40 years$1,518$956$582$345$200$135
41 years$1,464$910$546$318$181$121
42 years$1,413$867$512$293$165$109
43 years$1,365$826$480$271$149$98
44 years$1,319$787$451$250$136$88
45 years$1,275$751$423$231$123$79
46 years$1,233$716$398$213$112$70
47 years$1,193$683$373$197$102$63
48 years$1,155$652$351$182$92$57
49 years$1,119$623$330$168$84$51
50 years$1,084$595$310$156$76$46

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,110,000, adding $4,517 every year, while hoping to spend $55,730 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: 40/48/12 Blend
47$1,110,000$1,110,000$1,110,000$1,110,000
48$1,227,879$1,169,049$1,151,844$1,272,422
49$1,293,827$1,167,036$1,131,135$1,302,281
50$1,364,633$1,163,057$1,107,864$1,328,730
51$1,440,735$1,156,956$1,081,886$1,356,114
52$1,522,611$1,148,569$1,053,051$1,384,541
53$1,610,790$1,137,721$1,021,200$1,414,138
54$1,705,848$1,124,226$986,168$1,445,045
55$1,808,420$1,107,889$947,781$1,477,421
56$1,919,205$1,088,502$905,858$1,511,448
57$2,038,970$1,065,845$860,210$1,547,329
58$2,168,557$1,039,683$810,639$1,585,293
59$2,308,892$1,009,770$756,938$1,625,600
60$2,460,995$975,844$698,891$1,668,540
61$2,625,985$937,629$636,272$1,714,439
62$2,805,093$894,831$568,845$1,763,663
63$2,999,676$847,141$496,365$1,816,624
64$3,211,222$794,230$418,572$1,873,782
65$3,441,372$735,753$335,200$1,935,651
66$3,691,930$671,342$245,966$2,002,807
67$3,964,879$600,611$150,579$2,075,895
68$4,262,406$523,149$48,732$2,155,633
69$4,586,913$438,525$0$2,242,824
70$4,941,046$346,281$0$2,346,040
71$5,327,718$245,935$0$2,465,759
72$5,750,136$136,976$0$2,596,892
73$6,211,829$18,866$0$2,740,724
74$6,716,682$0$0$2,898,680
75$7,268,974$0$0$3,129,897
76$7,873,417$0$0$3,393,996
77$8,535,198$0$0$3,683,296
78$9,260,029$0$0$4,000,313
79$10,054,202$0$0$4,347,816
80$10,924,644$0$0$4,728,859
81$11,878,986$0$0$5,146,801
82$12,925,632$0$0$5,605,345
83$14,073,838$0$0$6,108,567
84$15,333,799$0$0$6,660,960
85$16,716,746$0$0$7,267,470
86$18,235,049$0$0$7,933,548
87$19,902,335$0$0$8,665,197
88$21,733,613$0$0$9,469,031
89$23,745,422$0$0$10,352,335
90$25,955,976$0$0$11,323,136
91$28,385,346$0$0$12,390,277
92$31,055,640$0$0$13,563,500
93$33,991,216$0$0$14,853,538
94$37,218,910$0$0$16,272,217
95$40,768,287$0$0$17,832,565
96$44,671,921$0$0$19,548,937
97$48,965,702$0$0$21,437,149
98$53,689,172$0$0$23,514,626
99$58,885,899$0$0$25,800,569
100$64,603,885$0$0$28,316,133