Can I retire at age 48 with 1,140,000?

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 $1,140,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$94,140$93,302$92,483$91,685$90,905$89,806
2 years$46,604$45,736$44,895$44,079$43,288$42,182
3 years$30,761$29,889$29,050$28,242$27,464$26,385
4 years$22,841$21,972$21,141$20,347$19,587$18,545
5 years$18,090$17,226$16,406$15,628$14,890$13,886
6 years$14,924$14,066$13,259$12,498$11,782$10,818
7 years$12,663$11,813$11,018$10,275$9,582$8,658
8 years$10,968$10,126$9,344$8,620$7,949$7,065
9 years$9,651$8,816$8,048$7,342$6,694$5,850
10 years$8,597$7,771$7,017$6,329$5,704$4,899
11 years$7,736$6,918$6,177$5,508$4,906$4,139
12 years$7,019$6,209$5,482$4,831$4,251$3,523
13 years$6,413$5,612$4,898$4,265$3,707$3,015
14 years$5,893$5,101$4,401$3,786$3,250$2,594
15 years$5,444$4,660$3,973$3,377$2,861$2,240
16 years$5,051$4,275$3,602$3,023$2,529$1,941
17 years$4,704$3,937$3,278$2,717$2,242$1,687
18 years$4,397$3,638$2,992$2,448$1,994$1,470
19 years$4,122$3,372$2,739$2,212$1,777$1,283
20 years$3,874$3,133$2,514$2,004$1,587$1,122
21 years$3,651$2,918$2,313$1,818$1,420$983
22 years$3,448$2,724$2,131$1,653$1,273$863
23 years$3,264$2,548$1,968$1,506$1,143$758
24 years$3,094$2,387$1,820$1,373$1,027$666
25 years$2,939$2,240$1,686$1,254$924$586
26 years$2,796$2,106$1,563$1,147$833$516
27 years$2,664$1,982$1,452$1,050$751$455
28 years$2,541$1,867$1,350$962$677$401
29 years$2,427$1,762$1,256$882$612$354
30 years$2,321$1,664$1,170$809$553$312
31 years$2,221$1,573$1,091$743$500$276
32 years$2,129$1,488$1,018$683$452$244
33 years$2,042$1,409$950$628$409$215
34 years$1,960$1,336$888$578$370$190
35 years$1,883$1,267$830$532$335$168
36 years$1,811$1,202$776$490$304$149
37 years$1,742$1,142$727$451$275$132
38 years$1,678$1,085$681$416$250$116
39 years$1,616$1,032$638$384$226$103
40 years$1,559$982$598$354$205$91
41 years$1,504$935$560$327$186$81
42 years$1,451$890$526$301$169$71
43 years$1,402$848$493$278$153$63
44 years$1,354$808$463$257$139$56
45 years$1,309$771$435$237$126$49
46 years$1,267$735$408$219$115$44
47 years$1,226$702$384$202$104$39
48 years$1,186$670$360$187$95$34
49 years$1,149$640$339$173$86$30
50 years$1,113$611$319$160$78$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,140,000, adding $6,024 every year, while hoping to spend $20,070 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: 67/15/18 Blend
47$1,140,000$1,140,000$1,140,000$1,140,000
48$1,262,494$1,202,074$1,184,404$1,341,123
49$1,369,914$1,239,621$1,202,727$1,432,005
50$1,487,618$1,278,335$1,220,991$1,528,455
51$1,616,634$1,318,253$1,239,174$1,633,433
52$1,758,094$1,359,411$1,257,249$1,747,776
53$1,913,245$1,401,847$1,275,193$1,872,406
54$2,083,460$1,445,602$1,292,975$2,008,337
55$2,270,251$1,490,714$1,310,568$2,156,688
56$2,475,285$1,537,227$1,327,940$2,318,689
57$2,700,396$1,585,184$1,345,058$2,495,697
58$2,947,606$1,634,628$1,361,888$2,689,203
59$3,219,143$1,685,605$1,378,392$2,900,854
60$3,517,459$1,738,164$1,394,532$3,132,460
61$3,845,258$1,792,351$1,410,266$3,386,018
62$4,205,515$1,848,218$1,425,551$3,663,724
63$4,601,513$1,905,815$1,440,342$3,968,002
64$5,036,864$1,965,197$1,454,590$4,301,518
65$5,515,549$2,026,417$1,468,244$4,667,211
66$6,041,956$2,089,532$1,481,251$5,068,319
67$6,620,916$2,154,599$1,493,554$5,508,409
68$7,257,755$2,221,680$1,505,093$5,991,410
69$7,958,338$2,290,835$1,515,806$6,521,653
70$8,729,131$2,362,128$1,525,628$7,103,907
71$9,577,254$2,435,624$1,534,488$7,743,428
72$10,510,554$2,511,390$1,542,314$8,446,008
73$11,537,679$2,589,497$1,549,030$9,218,027
74$12,668,155$2,670,014$1,554,555$10,066,515
75$13,912,478$2,753,017$1,558,804$10,999,219
76$15,282,216$2,838,579$1,561,689$12,024,674
77$16,790,113$2,926,781$1,563,116$13,152,286
78$18,450,212$3,017,701$1,562,989$14,392,417
79$20,277,988$3,111,423$1,561,203$15,756,488
80$22,290,492$3,208,031$1,557,652$17,257,080
81$24,506,512$3,307,614$1,552,223$18,908,059
82$26,946,751$3,410,262$1,544,798$20,724,704
83$29,634,022$3,516,068$1,535,251$22,723,849
84$32,593,464$3,625,127$1,523,454$24,924,047
85$35,852,778$3,737,539$1,509,270$27,345,741
86$39,442,488$3,853,404$1,492,557$30,011,457
87$43,396,228$3,972,828$1,473,164$32,946,019
88$47,751,064$4,095,918$1,450,936$36,176,781
89$52,547,839$4,222,784$1,425,709$39,733,885
90$57,831,559$4,353,541$1,397,311$43,650,548
91$63,651,820$4,488,306$1,365,562$47,963,375
92$70,063,272$4,627,199$1,330,275$52,712,699
93$77,126,140$4,770,346$1,291,254$57,942,971
94$84,906,788$4,917,875$1,248,292$63,703,171
95$93,478,345$5,069,916$1,201,175$70,047,275
96$102,921,401$5,226,606$1,149,679$77,034,765
97$113,324,758$5,388,084$1,093,567$84,731,186
98$124,786,277$5,554,494$1,032,595$93,208,769
99$137,413,796$5,725,983$966,506$102,547,112
100$151,326,151$5,902,704$895,032$112,833,930