Can I retire at age 48 with 1,260,000?

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 $1,260,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$104,050$103,123$102,219$101,336$100,474$97,141
2 years$51,510$50,550$49,621$48,719$47,845$44,519
3 years$33,999$33,035$32,108$31,215$30,355$27,141
4 years$25,245$24,284$23,366$22,489$21,649$18,572
5 years$19,994$19,039$18,133$17,273$16,457$13,525
6 years$16,495$15,547$14,654$13,814$13,022$10,237
7 years$13,996$13,056$12,178$11,357$10,591$7,951
8 years$12,123$11,192$10,328$9,527$8,786$6,291
9 years$10,667$9,744$8,895$8,115$7,399$5,046
10 years$9,502$8,589$7,755$6,995$6,304$4,089
11 years$8,551$7,646$6,827$6,088$5,422$3,341
12 years$7,758$6,863$6,059$5,340$4,699$2,746
13 years$7,088$6,202$5,414$4,714$4,097$2,269
14 years$6,514$5,638$4,864$4,185$3,592$1,883
15 years$6,017$5,150$4,392$3,732$3,162$1,567
16 years$5,582$4,725$3,982$3,342$2,795$1,308
17 years$5,199$4,352$3,623$3,003$2,478$1,094
18 years$4,859$4,021$3,307$2,706$2,203$917
19 years$4,555$3,727$3,028$2,445$1,964$770
20 years$4,282$3,463$2,779$2,214$1,754$647
21 years$4,036$3,226$2,556$2,010$1,570$544
22 years$3,811$3,011$2,356$1,827$1,407$458
23 years$3,607$2,816$2,175$1,664$1,263$386
24 years$3,420$2,639$2,012$1,518$1,135$326
25 years$3,248$2,476$1,863$1,386$1,022$275
26 years$3,090$2,327$1,728$1,267$920$232
27 years$2,944$2,190$1,605$1,160$830$196
28 years$2,808$2,064$1,492$1,063$749$165
29 years$2,682$1,947$1,388$975$676$140
30 years$2,565$1,839$1,293$895$611$118
31 years$2,455$1,738$1,205$822$552$100
32 years$2,353$1,645$1,125$755$500$84
33 years$2,256$1,558$1,050$694$452$71
34 years$2,166$1,476$981$639$409$60
35 years$2,081$1,400$917$588$371$51
36 years$2,001$1,329$858$542$336$43
37 years$1,926$1,262$803$499$304$36
38 years$1,854$1,200$752$460$276$31
39 years$1,787$1,141$705$424$250$26
40 years$1,723$1,085$660$391$227$22
41 years$1,662$1,033$619$361$206$19
42 years$1,604$984$581$333$187$16
43 years$1,549$937$545$307$170$13
44 years$1,497$894$512$284$154$11
45 years$1,447$852$480$262$140$10
46 years$1,400$813$451$242$127$8
47 years$1,355$776$424$224$115$7
48 years$1,311$740$398$207$105$6
49 years$1,270$707$374$191$95$5
50 years$1,230$675$352$177$86$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,260,000, adding $2,844 every year, while hoping to spend $23,331 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: 27/48/25 Blend
47$1,260,000$1,260,000$1,260,000$1,260,000
48$1,391,454$1,324,674$1,305,144$1,418,055
49$1,508,558$1,364,759$1,324,042$1,479,614
50$1,636,825$1,406,026$1,342,791$1,543,449
51$1,777,368$1,448,509$1,361,362$1,611,503
52$1,931,415$1,492,241$1,379,723$1,684,152
53$2,100,317$1,537,258$1,397,841$1,761,806
54$2,285,561$1,583,596$1,415,681$1,844,917
55$2,488,788$1,631,291$1,433,205$1,933,983
56$2,711,801$1,680,381$1,450,375$2,029,548
57$2,956,590$1,730,905$1,467,148$2,132,214
58$3,225,346$1,782,903$1,483,480$2,242,641
59$3,520,480$1,836,415$1,499,327$2,361,556
60$3,844,653$1,891,482$1,514,637$2,489,757
61$4,200,791$1,948,148$1,529,361$2,628,124
62$4,592,120$2,006,456$1,543,444$2,777,626
63$5,022,195$2,066,451$1,556,828$2,939,326
64$5,494,930$2,128,179$1,569,453$3,114,399
65$6,014,640$2,191,686$1,581,256$3,304,134
66$6,586,075$2,257,021$1,592,170$3,509,952
67$7,214,472$2,324,232$1,602,125$3,733,419
68$7,905,598$2,393,370$1,611,047$3,976,255
69$8,665,810$2,464,486$1,618,858$4,240,359
70$9,502,110$2,537,633$1,625,476$4,527,819
71$10,422,212$2,612,864$1,630,817$4,840,936
72$11,434,618$2,690,234$1,634,789$5,182,243
73$12,548,694$2,769,800$1,637,299$5,554,531
74$13,774,759$2,851,619$1,638,247$5,960,874
75$15,124,184$2,935,748$1,637,529$6,404,659
76$16,609,500$3,022,249$1,635,035$6,889,614
77$18,244,512$3,111,182$1,630,651$7,419,850
78$20,044,431$3,202,608$1,624,257$7,999,891
79$22,026,020$3,296,593$1,615,726$8,634,727
80$24,207,748$3,393,200$1,604,927$9,329,849
81$26,609,967$3,492,496$1,591,721$10,091,312
82$29,255,103$3,594,548$1,575,963$10,925,785
83$32,167,867$3,699,424$1,557,501$11,840,615
84$35,375,488$3,807,194$1,536,176$12,843,899
85$38,907,971$3,917,930$1,511,821$13,944,557
86$42,798,379$4,031,704$1,484,263$15,152,418
87$47,083,145$4,148,589$1,453,317$16,478,312
88$51,802,417$4,268,661$1,418,794$17,934,174
89$57,000,433$4,391,995$1,380,493$19,533,152
90$62,725,943$4,518,668$1,338,206$21,289,738
91$69,032,667$4,648,760$1,291,713$23,219,897
92$75,979,799$4,782,350$1,240,785$25,341,225
93$83,632,572$4,919,518$1,185,185$27,673,108
94$92,062,866$5,060,347$1,124,661$30,236,912
95$101,349,894$5,204,919$1,058,952$33,056,180
96$111,580,942$5,353,319$987,786$36,156,854
97$122,852,197$5,505,631$910,876$39,567,524
98$135,269,656$5,661,941$827,925$43,319,693
99$148,950,121$5,822,337$738,621$47,448,079
100$164,022,307$5,986,905$642,638$51,990,940