Can I retire at age 48 with 1,290,000?

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 $1,290,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$106,527$105,578$104,652$103,749$102,866$98,902
2 years$52,736$51,754$50,802$49,879$48,984$45,037
3 years$34,808$33,822$32,872$31,958$31,077$27,273
4 years$25,846$24,863$23,923$23,024$22,165$18,531
5 years$20,470$19,493$18,565$17,685$16,849$13,395
6 years$16,887$15,917$15,003$14,143$13,332$10,061
7 years$14,329$13,367$12,468$11,627$10,843$7,753
8 years$12,411$11,458$10,574$9,754$8,995$6,083
9 years$10,921$9,976$9,107$8,308$7,575$4,838
10 years$9,729$8,794$7,940$7,162$6,454$3,886
11 years$8,754$7,829$6,990$6,233$5,551$3,146
12 years$7,943$7,026$6,203$5,467$4,810$2,562
13 years$7,256$6,350$5,542$4,827$4,195$2,097
14 years$6,669$5,772$4,980$4,284$3,677$1,723
15 years$6,160$5,273$4,496$3,821$3,238$1,420
16 years$5,715$4,838$4,076$3,421$2,861$1,173
17 years$5,323$4,455$3,709$3,074$2,537$971
18 years$4,975$4,117$3,386$2,770$2,256$805
19 years$4,664$3,815$3,100$2,503$2,011$669
20 years$4,384$3,545$2,845$2,267$1,796$556
21 years$4,132$3,302$2,617$2,058$1,607$463
22 years$3,902$3,083$2,412$1,871$1,441$385
23 years$3,693$2,883$2,227$1,704$1,293$321
24 years$3,502$2,701$2,059$1,554$1,162$268
25 years$3,326$2,535$1,907$1,419$1,046$223
26 years$3,164$2,383$1,769$1,298$942$186
27 years$3,014$2,242$1,643$1,188$849$156
28 years$2,875$2,113$1,527$1,088$766$130
29 years$2,746$1,993$1,421$998$692$109
30 years$2,626$1,882$1,324$916$625$91
31 years$2,514$1,780$1,234$841$565$76
32 years$2,409$1,684$1,151$773$511$63
33 years$2,310$1,595$1,075$711$463$53
34 years$2,218$1,511$1,004$654$419$44
35 years$2,131$1,433$939$602$380$37
36 years$2,049$1,361$879$555$344$31
37 years$1,971$1,292$822$511$312$26
38 years$1,898$1,228$770$471$283$22
39 years$1,829$1,168$721$434$256$18
40 years$1,764$1,111$676$400$232$15
41 years$1,701$1,058$634$370$211$13
42 years$1,642$1,007$595$341$191$11
43 years$1,586$960$558$315$174$9
44 years$1,533$915$524$291$158$7
45 years$1,482$872$492$268$143$6
46 years$1,433$832$462$248$130$5
47 years$1,387$794$434$229$118$4
48 years$1,342$758$408$212$107$4
49 years$1,300$724$383$196$97$3
50 years$1,259$692$360$181$88$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,290,000, adding $6,834 every year, while hoping to spend $33,117 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$1,290,000$1,290,000$1,290,000$1,290,000
48$1,428,629$1,360,259$1,340,264$1,519,465
49$1,539,113$1,391,676$1,349,927$1,612,216
50$1,659,757$1,423,522$1,358,803$1,708,988
51$1,791,561$1,455,783$1,366,832$1,813,898
52$1,935,628$1,488,444$1,373,949$1,927,737
53$2,093,172$1,521,488$1,380,086$2,051,375
54$2,265,528$1,554,894$1,385,172$2,185,774
55$2,454,169$1,588,641$1,389,133$2,331,988
56$2,660,715$1,622,705$1,391,889$2,491,184
57$2,886,949$1,657,058$1,393,358$2,664,643
58$3,134,836$1,691,673$1,393,454$2,853,778
59$3,406,541$1,726,516$1,392,086$3,060,146
60$3,704,446$1,761,553$1,389,159$3,285,461
61$4,031,176$1,796,746$1,384,572$3,531,613
62$4,389,622$1,832,052$1,378,221$3,800,683
63$4,782,968$1,867,428$1,369,997$4,094,965
64$5,214,723$1,902,824$1,359,783$4,416,986
65$5,688,749$1,938,186$1,347,460$4,769,529
66$6,209,302$1,973,458$1,332,901$5,155,664
67$6,781,071$2,008,578$1,315,974$5,578,771
68$7,409,222$2,043,480$1,296,540$6,042,575
69$8,099,442$2,078,090$1,274,454$6,551,182
70$8,858,001$2,112,333$1,249,564$7,109,116
71$9,691,805$2,146,124$1,221,712$7,721,362
72$10,608,460$2,179,375$1,190,731$8,393,414
73$11,616,349$2,211,991$1,156,446$9,131,327
74$12,724,706$2,243,868$1,118,677$9,941,772
75$13,943,706$2,274,897$1,077,232$10,832,102
76$15,284,557$2,304,961$1,031,913$11,810,420
77$16,759,612$2,333,933$982,511$12,885,656
78$18,382,476$2,361,680$928,809$14,067,651
79$20,168,145$2,388,058$870,580$15,367,251
80$22,133,137$2,412,914$807,586$16,796,409
81$24,295,655$2,436,086$739,579$18,368,296
82$26,675,756$2,457,398$666,299$20,097,430
83$29,295,538$2,476,666$587,475$21,999,809
84$32,179,352$2,493,691$502,825$24,093,065
85$35,354,029$2,508,265$412,052$26,396,630
86$38,849,133$2,520,163$314,849$28,931,917
87$42,697,241$2,529,147$210,892$31,722,529
88$46,934,248$2,534,964$99,846$34,794,475
89$51,599,710$2,537,346$0$38,176,420
90$56,737,212$2,536,007$0$41,901,945
91$62,394,780$2,530,644$0$46,015,375
92$68,625,337$2,520,935$0$50,544,453
93$75,487,198$2,506,538$0$55,531,510
94$83,044,625$2,487,091$0$61,023,191
95$91,368,429$2,462,210$0$67,070,901
96$100,536,637$2,431,487$0$73,731,291
97$110,635,235$2,394,490$0$81,066,789
98$121,758,971$2,350,763$0$89,146,193
99$134,012,254$2,299,819$0$98,045,320
100$147,510,140$2,241,146$0$107,847,721