Can I retire at age 48 with 1,170,000?

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 $1,170,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$96,618$95,757$94,917$94,098$93,297$92,362
2 years$47,830$46,940$46,076$45,239$44,427$43,485
3 years$31,570$30,676$29,814$28,985$28,187$27,266
4 years$23,442$22,550$21,697$20,882$20,103$19,212
5 years$18,566$17,679$16,838$16,040$15,282$14,424
6 years$15,316$14,436$13,608$12,827$12,092$11,267
7 years$12,996$12,124$11,308$10,546$9,834$9,043
8 years$11,257$10,392$9,590$8,847$8,158$7,400
9 years$9,905$9,048$8,260$7,535$6,870$6,146
10 years$8,824$7,976$7,201$6,496$5,854$5,162
11 years$7,940$7,100$6,340$5,653$5,035$4,375
12 years$7,204$6,373$5,626$4,958$4,363$3,735
13 years$6,581$5,759$5,027$4,378$3,805$3,208
14 years$6,048$5,235$4,517$3,886$3,335$2,768
15 years$5,587$4,782$4,078$3,466$2,936$2,399
16 years$5,184$4,388$3,697$3,103$2,595$2,086
17 years$4,828$4,041$3,364$2,788$2,301$1,819
18 years$4,512$3,734$3,071$2,513$2,046$1,591
19 years$4,230$3,461$2,812$2,270$1,824$1,394
20 years$3,976$3,216$2,580$2,056$1,629$1,224
21 years$3,747$2,995$2,373$1,866$1,458$1,076
22 years$3,539$2,796$2,187$1,697$1,307$947
23 years$3,350$2,615$2,020$1,545$1,173$835
24 years$3,176$2,450$1,868$1,409$1,054$737
25 years$3,016$2,299$1,730$1,287$949$651
26 years$2,869$2,161$1,605$1,177$855$576
27 years$2,734$2,034$1,490$1,077$770$509
28 years$2,608$1,916$1,385$987$695$451
29 years$2,491$1,808$1,289$905$628$400
30 years$2,382$1,707$1,201$831$567$354
31 years$2,280$1,614$1,119$763$513$314
32 years$2,185$1,527$1,044$701$464$279
33 years$2,095$1,446$975$645$420$247
34 years$2,011$1,371$911$593$380$219
35 years$1,933$1,300$852$546$344$195
36 years$1,858$1,234$797$503$312$173
37 years$1,788$1,172$746$463$283$154
38 years$1,722$1,114$698$427$256$136
39 years$1,659$1,059$654$394$232$121
40 years$1,600$1,008$613$363$211$108
41 years$1,543$959$575$335$191$96
42 years$1,490$914$539$309$174$85
43 years$1,439$870$506$286$157$76
44 years$1,390$830$475$264$143$67
45 years$1,344$791$446$243$130$60
46 years$1,300$755$419$225$118$53
47 years$1,258$720$394$208$107$47
48 years$1,218$688$370$192$97$42
49 years$1,179$657$348$177$88$37
50 years$1,142$627$327$164$80$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,170,000, adding $5,443 every year, while hoping to spend $39,986 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: 34/46/20 Blend
47$1,170,000$1,170,000$1,170,000$1,170,000
48$1,294,954$1,232,944$1,214,809$1,330,881
49$1,384,495$1,250,814$1,212,961$1,375,749
50$1,481,829$1,268,219$1,209,710$1,420,030
51$1,587,708$1,285,094$1,204,968$1,466,952
52$1,702,961$1,301,371$1,198,641$1,516,772
53$1,828,499$1,316,974$1,190,632$1,569,777
54$1,965,324$1,331,824$1,180,836$1,626,281
55$2,114,541$1,345,837$1,169,148$1,686,635
56$2,277,364$1,358,923$1,155,454$1,751,229
57$2,455,129$1,370,985$1,139,636$1,820,491
58$2,649,309$1,381,920$1,121,571$1,894,898
59$2,861,524$1,391,619$1,101,129$1,974,979
60$3,093,557$1,399,966$1,078,174$2,061,317
61$3,347,373$1,406,837$1,052,566$2,154,560
62$3,625,133$1,412,100$1,024,155$2,255,423
63$3,929,219$1,415,616$992,787$2,364,698
64$4,262,253$1,417,235$958,299$2,483,264
65$4,627,123$1,416,799$920,522$2,612,091
66$5,027,008$1,414,141$879,278$2,752,253
67$5,465,411$1,409,082$834,382$2,904,938
68$5,946,189$1,401,433$785,640$3,071,459
69$6,473,590$1,390,993$732,849$3,253,271
70$7,052,295$1,377,550$675,797$3,451,980
71$7,687,456$1,360,877$614,264$3,669,363
72$8,384,753$1,340,736$548,018$3,907,383
73$9,150,439$1,316,874$476,818$4,168,214
74$9,991,404$1,289,021$400,412$4,454,253
75$10,915,237$1,256,893$318,535$4,768,155
76$11,930,300$1,220,189$230,915$5,112,848
77$13,045,803$1,178,591$137,263$5,491,572
78$14,271,894$1,131,761$37,280$5,907,904
79$15,619,751$1,079,341$0$6,365,795
80$17,101,692$1,020,955$0$6,884,426
81$18,731,286$956,203$0$7,463,256
82$20,523,483$884,663$0$8,099,719
83$22,494,754$805,887$0$8,799,771
84$24,663,249$719,405$0$9,569,982
85$27,048,961$624,717$0$10,417,603
86$29,673,923$521,297$0$11,350,635
87$32,562,410$408,586$0$12,377,903
88$35,741,167$285,998$0$13,509,144
89$39,239,665$152,911$0$14,755,100
90$43,090,376$8,669$0$16,127,620
91$47,329,080$0$0$17,639,776
92$51,995,201$0$0$19,380,607
93$57,132,182$0$0$21,302,151
94$62,787,888$0$0$23,417,951
95$69,015,066$0$0$25,747,767
96$75,871,835$0$0$28,313,371
97$83,422,237$0$0$31,138,755
98$91,736,841$0$0$34,250,358
99$100,893,410$0$0$37,677,310
100$110,977,630$0$0$41,451,715