Can I retire at age 48 with 1,160,000?

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 $1,160,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$95,792$94,938$94,106$93,293$92,500$91,725
2 years$47,422$46,538$45,683$44,853$44,048$43,267
3 years$31,300$30,413$29,560$28,738$27,946$27,183
4 years$23,241$22,357$21,512$20,704$19,931$19,192
5 years$18,407$17,528$16,694$15,902$15,151$14,438
6 years$15,185$14,313$13,491$12,717$11,989$11,303
7 years$12,885$12,020$11,211$10,456$9,750$9,092
8 years$11,161$10,303$9,508$8,771$8,089$7,458
9 years$9,820$8,971$8,189$7,471$6,812$6,208
10 years$8,748$7,908$7,140$6,440$5,804$5,227
11 years$7,872$7,040$6,286$5,605$4,992$4,441
12 years$7,142$6,318$5,578$4,916$4,326$3,801
13 years$6,525$5,710$4,984$4,340$3,772$3,272
14 years$5,997$5,190$4,478$3,853$3,307$2,832
15 years$5,539$4,741$4,043$3,436$2,911$2,460
16 years$5,139$4,350$3,666$3,077$2,573$2,145
17 years$4,787$4,006$3,336$2,764$2,281$1,876
18 years$4,474$3,702$3,045$2,491$2,029$1,645
19 years$4,194$3,431$2,788$2,251$1,808$1,446
20 years$3,942$3,188$2,558$2,039$1,615$1,273
21 years$3,715$2,970$2,353$1,850$1,445$1,123
22 years$3,509$2,772$2,169$1,682$1,295$992
23 years$3,321$2,593$2,002$1,532$1,163$877
24 years$3,149$2,429$1,852$1,397$1,045$776
25 years$2,991$2,280$1,715$1,276$941$688
26 years$2,845$2,143$1,591$1,167$847$610
27 years$2,710$2,016$1,477$1,068$764$542
28 years$2,585$1,900$1,373$979$689$481
29 years$2,469$1,792$1,278$897$622$427
30 years$2,361$1,693$1,190$824$562$380
31 years$2,260$1,600$1,110$756$508$338
32 years$2,166$1,514$1,035$695$460$301
33 years$2,077$1,434$967$639$416$268
34 years$1,994$1,359$903$588$377$239
35 years$1,916$1,289$844$541$341$212
36 years$1,842$1,223$790$499$309$189
37 years$1,773$1,162$739$459$280$169
38 years$1,707$1,104$692$423$254$150
39 years$1,645$1,050$649$390$230$134
40 years$1,586$999$608$360$209$120
41 years$1,530$951$570$332$190$107
42 years$1,477$906$535$307$172$95
43 years$1,426$863$502$283$156$85
44 years$1,378$823$471$261$142$76
45 years$1,332$784$442$241$129$68
46 years$1,289$748$415$223$117$60
47 years$1,247$714$390$206$106$54
48 years$1,207$682$367$190$96$48
49 years$1,169$651$345$176$87$43
50 years$1,133$622$324$163$79$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,160,000, adding $6,218 every year, while hoping to spend $58,338 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: 38/33/29 Blend
47$1,160,000$1,160,000$1,160,000$1,160,000
48$1,284,734$1,223,254$1,205,274$1,322,273
49$1,353,706$1,221,122$1,183,579$1,348,343
50$1,427,757$1,216,931$1,159,203$1,370,722
51$1,507,345$1,210,517$1,131,993$1,393,805
52$1,592,971$1,201,709$1,101,791$1,417,695
53$1,685,184$1,190,323$1,068,432$1,442,509
54$1,784,590$1,176,166$1,031,741$1,468,382
55$1,891,852$1,159,032$991,538$1,495,466
56$2,007,699$1,138,703$947,633$1,523,934
57$2,132,934$1,114,949$899,828$1,553,984
58$2,268,437$1,087,525$847,916$1,585,837
59$2,415,176$1,056,172$791,680$1,619,744
60$2,574,217$1,020,617$730,894$1,655,990
61$2,746,729$980,570$665,321$1,694,892
62$2,934,001$935,723$594,715$1,736,811
63$3,137,448$885,753$518,817$1,782,150
64$3,358,629$830,316$437,358$1,831,362
65$3,599,257$769,049$350,057$1,884,954
66$3,861,217$701,568$256,620$1,943,496
67$4,146,584$627,468$156,740$2,007,624
68$4,457,642$546,320$50,098$2,078,050
69$4,796,903$457,672$0$2,155,570
70$5,167,134$361,044$0$2,260,785
71$5,571,377$255,931$0$2,392,798
72$6,012,985$141,799$0$2,537,307
73$6,495,647$18,084$0$2,695,662
74$7,023,424$0$0$2,869,357
75$7,600,789$0$0$3,102,100
76$8,232,667$0$0$3,364,160
77$8,924,478$0$0$3,651,237
78$9,682,195$0$0$3,965,830
79$10,512,392$0$0$4,310,690
80$11,422,312$0$0$4,688,847
81$12,419,930$0$0$5,103,637
82$13,514,030$0$0$5,558,736
83$14,714,288$0$0$6,058,193
84$16,031,359$0$0$6,606,468
85$17,476,982$0$0$7,208,472
86$19,064,087$0$0$7,869,617
87$20,806,917$0$0$8,595,864
88$22,721,161$0$0$9,393,780
89$24,824,105$0$0$10,270,600
90$27,134,789$0$0$11,234,292
91$29,674,189$0$0$12,293,638
92$32,465,415$0$0$13,458,311
93$35,533,927$0$0$14,738,969
94$38,907,773$0$0$16,147,352
95$42,617,858$0$0$17,696,399
96$46,698,228$0$0$19,400,361
97$51,186,396$0$0$21,274,945
98$56,123,693$0$0$23,337,451
99$61,555,658$0$0$25,606,946
100$67,532,464$0$0$28,104,436