Can I retire at age 48 with 1,210,000?

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 $1,210,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$99,921$99,031$98,162$97,315$96,487$94,889
2 years$49,466$48,544$47,652$46,786$45,946$44,340
3 years$32,650$31,724$30,834$29,976$29,150$27,587
4 years$24,243$23,321$22,439$21,596$20,790$19,282
5 years$19,201$18,284$17,414$16,588$15,804$14,355
6 years$15,840$14,930$14,073$13,265$12,505$11,117
7 years$13,441$12,538$11,695$10,906$10,170$8,843
8 years$11,642$10,748$9,918$9,149$8,437$7,171
9 years$10,243$9,358$8,542$7,793$7,105$5,899
10 years$9,125$8,248$7,447$6,718$6,054$4,907
11 years$8,211$7,343$6,557$5,846$5,207$4,118
12 years$7,450$6,591$5,819$5,128$4,512$3,480
13 years$6,806$5,956$5,199$4,527$3,935$2,957
14 years$6,255$5,414$4,671$4,019$3,449$2,525
15 years$5,778$4,946$4,217$3,584$3,037$2,164
16 years$5,361$4,538$3,824$3,209$2,684$1,861
17 years$4,993$4,179$3,479$2,883$2,380$1,605
18 years$4,667$3,862$3,176$2,599$2,116$1,387
19 years$4,375$3,579$2,908$2,348$1,886$1,202
20 years$4,112$3,326$2,668$2,127$1,685$1,042
21 years$3,875$3,098$2,455$1,930$1,508$906
22 years$3,660$2,892$2,262$1,755$1,351$788
23 years$3,464$2,704$2,089$1,598$1,213$686
24 years$3,285$2,534$1,932$1,458$1,090$598
25 years$3,120$2,378$1,789$1,331$981$522
26 years$2,968$2,235$1,659$1,217$884$455
27 years$2,827$2,103$1,541$1,114$797$398
28 years$2,697$1,982$1,432$1,021$719$348
29 years$2,576$1,870$1,333$936$649$304
30 years$2,463$1,766$1,242$859$587$266
31 years$2,358$1,669$1,158$789$530$233
32 years$2,259$1,579$1,080$725$480$204
33 years$2,167$1,496$1,008$667$434$178
34 years$2,080$1,418$942$613$393$156
35 years$1,999$1,345$881$565$356$137
36 years$1,922$1,276$824$520$323$120
37 years$1,849$1,212$771$479$292$105
38 years$1,781$1,152$722$442$265$92
39 years$1,716$1,095$677$407$240$81
40 years$1,654$1,042$634$376$218$71
41 years$1,596$992$595$347$198$62
42 years$1,541$945$558$320$179$54
43 years$1,488$900$524$295$163$48
44 years$1,438$858$491$273$148$42
45 years$1,390$818$461$252$134$37
46 years$1,344$781$433$233$122$32
47 years$1,301$745$407$215$111$28
48 years$1,259$711$383$199$100$25
49 years$1,219$679$360$183$91$22
50 years$1,181$649$338$170$83$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,210,000, adding $3,623 every year, while hoping to spend $32,028 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: 66/24/10 Blend
47$1,210,000$1,210,000$1,210,000$1,210,000
48$1,337,157$1,273,027$1,254,272$1,422,359
49$1,439,470$1,301,328$1,262,213$1,507,836
50$1,551,145$1,329,942$1,269,346$1,597,089
51$1,673,103$1,358,851$1,275,611$1,693,809
52$1,806,359$1,388,034$1,280,943$1,798,721
53$1,952,029$1,417,469$1,285,276$1,912,625
54$2,111,343$1,447,132$1,288,539$2,036,402
55$2,285,652$1,476,994$1,290,658$2,171,022
56$2,476,449$1,507,026$1,291,555$2,317,552
57$2,685,372$1,537,197$1,291,148$2,477,170
58$2,914,231$1,567,470$1,289,352$2,651,173
59$3,165,014$1,597,807$1,286,077$2,840,988
60$3,439,913$1,628,167$1,281,228$3,048,191
61$3,741,341$1,658,505$1,274,707$3,274,514
62$4,071,958$1,688,772$1,266,409$3,521,869
63$4,434,692$1,718,916$1,256,228$3,792,362
64$4,832,767$1,748,879$1,244,048$4,088,311
65$5,269,737$1,778,601$1,229,751$4,412,274
66$5,749,514$1,808,017$1,213,212$4,767,067
67$6,276,410$1,837,056$1,194,300$5,155,796
68$6,855,173$1,865,641$1,172,879$5,581,879
69$7,491,035$1,893,692$1,148,805$6,049,088
70$8,189,759$1,921,121$1,121,928$6,561,576
71$8,957,695$1,947,836$1,092,092$7,123,923
72$9,801,835$1,973,735$1,059,133$7,741,172
73$10,729,888$1,998,714$1,022,879$8,418,886
74$11,750,342$2,022,656$983,151$9,163,190
75$12,872,551$2,045,441$939,762$9,980,840
76$14,106,822$2,066,938$892,514$10,879,277
77$15,464,508$2,087,009$841,204$11,866,704
78$16,958,121$2,105,504$785,617$12,952,161
79$18,601,443$2,122,268$725,529$14,145,609
80$20,409,662$2,137,131$660,706$15,458,030
81$22,399,512$2,149,915$590,904$16,901,523
82$24,589,430$2,160,429$515,867$18,489,426
83$26,999,733$2,168,471$435,330$20,236,435
84$29,652,806$2,173,826$349,014$22,158,749
85$32,573,314$2,176,265$256,627$24,274,221
86$35,788,435$2,175,545$157,867$26,602,525
87$39,328,117$2,171,409$52,417$29,165,345
88$43,225,358$2,163,581$0$31,986,580
89$47,516,519$2,151,771$0$35,098,980
90$52,241,668$2,135,671$0$38,531,544
91$57,444,953$2,114,954$0$42,310,701
92$63,175,024$2,089,273$0$46,471,749
93$69,485,489$2,058,260$0$51,053,583
94$76,435,420$2,021,526$0$56,099,071
95$84,089,910$1,978,658$0$61,655,451
96$92,520,687$1,929,218$0$67,774,784
97$101,806,792$1,872,745$0$74,514,439
98$112,035,323$1,808,748$0$81,937,643
99$123,302,258$1,736,708$0$90,114,071
100$135,713,359$1,656,078$0$99,120,508