Can I retire at age 48 with 1,150,000?

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 $1,150,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$94,966$94,120$93,295$92,489$91,703$88,590
2 years$47,013$46,137$45,289$44,466$43,668$40,563
3 years$31,031$30,151$29,305$28,490$27,705$24,705
4 years$23,041$22,164$21,326$20,525$19,759$16,888
5 years$18,248$17,377$16,550$15,765$15,021$12,286
6 years$15,055$14,190$13,375$12,608$11,885$9,288
7 years$12,774$11,916$11,115$10,365$9,666$7,207
8 years$11,064$10,215$9,426$8,695$8,019$5,695
9 years$9,735$8,894$8,119$7,407$6,753$4,563
10 years$8,673$7,839$7,078$6,384$5,754$3,693
11 years$7,804$6,979$6,231$5,556$4,949$3,013
12 years$7,081$6,264$5,530$4,874$4,288$2,474
13 years$6,469$5,661$4,941$4,303$3,739$2,041
14 years$5,945$5,145$4,439$3,820$3,278$1,691
15 years$5,491$4,700$4,008$3,406$2,886$1,406
16 years$5,095$4,313$3,634$3,050$2,551$1,171
17 years$4,745$3,972$3,307$2,740$2,262$978
18 years$4,435$3,670$3,019$2,470$2,011$819
19 years$4,158$3,401$2,763$2,232$1,792$686
20 years$3,908$3,161$2,536$2,021$1,601$576
21 years$3,683$2,944$2,333$1,834$1,433$484
22 years$3,479$2,748$2,150$1,668$1,284$407
23 years$3,292$2,570$1,985$1,519$1,153$342
24 years$3,122$2,408$1,836$1,385$1,036$288
25 years$2,965$2,260$1,700$1,265$932$243
26 years$2,820$2,124$1,577$1,157$840$204
27 years$2,687$1,999$1,464$1,059$757$172
28 years$2,563$1,884$1,361$970$683$145
29 years$2,448$1,777$1,267$890$617$123
30 years$2,341$1,678$1,180$816$557$103
31 years$2,241$1,586$1,100$750$504$87
32 years$2,147$1,501$1,026$689$456$74
33 years$2,059$1,422$958$634$413$62
34 years$1,977$1,347$895$583$374$52
35 years$1,900$1,278$837$537$338$44
36 years$1,826$1,213$783$494$307$37
37 years$1,758$1,152$733$455$278$32
38 years$1,692$1,095$686$420$252$27
39 years$1,631$1,041$643$387$228$22
40 years$1,572$990$603$357$207$19
41 years$1,517$943$565$329$188$16
42 years$1,464$898$530$304$171$14
43 years$1,414$856$498$281$155$11
44 years$1,366$816$467$259$141$10
45 years$1,321$778$439$239$128$8
46 years$1,278$742$412$221$116$7
47 years$1,236$708$387$204$105$6
48 years$1,197$676$364$189$96$5
49 years$1,159$645$342$174$87$4
50 years$1,123$617$321$161$79$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,150,000, adding $6,607 every year, while hoping to spend $39,827 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: 55/26/19 Blend
47$1,150,000$1,150,000$1,150,000$1,150,000
48$1,274,115$1,213,165$1,195,340$1,337,330
49$1,361,699$1,230,235$1,193,008$1,398,312
50$1,456,882$1,246,806$1,189,264$1,459,887
51$1,560,397$1,262,812$1,184,017$1,526,066
52$1,673,050$1,278,182$1,177,174$1,597,300
53$1,795,728$1,292,840$1,168,636$1,674,087
54$1,929,409$1,306,706$1,158,302$1,756,977
55$2,075,166$1,319,692$1,146,063$1,846,576
56$2,234,183$1,331,707$1,131,806$1,943,554
57$2,407,760$1,342,651$1,115,412$2,048,651
58$2,597,333$1,352,422$1,096,759$2,162,681
59$2,804,476$1,360,906$1,075,716$2,286,545
60$3,030,929$1,367,987$1,052,149$2,421,238
61$3,278,602$1,373,536$1,025,914$2,567,856
62$3,549,600$1,377,421$996,863$2,727,609
63$3,846,243$1,379,498$964,842$2,901,833
64$4,171,083$1,379,617$929,687$3,092,003
65$4,526,932$1,377,616$891,230$3,299,745
66$4,916,884$1,373,324$849,291$3,526,854
67$5,344,350$1,366,561$803,686$3,775,311
68$5,813,084$1,357,133$754,220$4,047,302
69$6,327,223$1,344,837$700,691$4,345,238
70$6,891,323$1,329,457$642,887$4,671,780
71$7,510,400$1,310,762$580,586$5,029,863
72$8,189,982$1,288,511$513,557$5,422,725
73$8,936,158$1,262,446$441,559$5,853,940
74$9,755,633$1,232,293$364,339$6,327,448
75$10,655,797$1,197,764$281,633$6,847,598
76$11,644,788$1,158,554$193,167$7,419,184
77$12,731,572$1,114,339$98,654$8,047,497
78$13,926,027$1,064,776$0$8,738,372
79$15,239,035$1,009,503$0$9,498,693
80$16,682,585$948,138$0$10,356,481
81$18,269,886$880,274$0$11,299,613
82$20,015,491$805,484$0$12,336,789
83$21,935,433$723,315$0$13,477,605
84$24,047,377$633,287$0$14,732,636
85$26,370,787$534,896$0$16,113,541
86$28,927,109$427,607$0$17,633,171
87$31,739,970$310,856$0$19,305,694
88$34,835,405$184,046$0$21,146,726
89$38,242,100$46,548$0$23,173,481
90$41,991,663$0$0$25,404,934
91$46,118,921$0$0$27,891,272
92$50,662,248$0$0$30,643,048
93$55,663,929$0$0$33,672,572
94$61,170,557$0$0$37,008,081
95$67,233,472$0$0$40,680,691
96$73,909,245$0$0$44,724,687
97$81,260,212$0$0$49,177,850
98$89,355,063$0$0$54,081,809
99$98,269,488$0$0$59,482,439
100$108,086,891$0$0$65,430,287