Can I retire at age 48 with 1,300,000?

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 $1,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$107,353$106,397$105,464$104,553$103,664$102,453
2 years$53,145$52,155$51,196$50,266$49,364$48,145
3 years$35,078$34,084$33,127$32,206$31,318$30,130
4 years$26,046$25,055$24,108$23,202$22,337$21,187
5 years$20,629$19,644$18,709$17,822$16,980$15,873
6 years$17,018$16,041$15,120$14,252$13,436$12,372
7 years$14,440$13,471$12,564$11,718$10,927$9,908
8 years$12,508$11,547$10,656$9,830$9,065$8,090
9 years$11,005$10,054$9,178$8,373$7,634$6,703
10 years$9,804$8,862$8,001$7,217$6,504$5,616
11 years$8,822$7,889$7,044$6,281$5,594$4,748
12 years$8,004$7,081$6,252$5,509$4,848$4,043
13 years$7,313$6,399$5,585$4,864$4,227$3,463
14 years$6,720$5,817$5,018$4,318$3,706$2,981
15 years$6,208$5,314$4,531$3,851$3,263$2,576
16 years$5,759$4,875$4,108$3,448$2,884$2,234
17 years$5,364$4,490$3,738$3,098$2,557$1,943
18 years$5,014$4,149$3,412$2,792$2,273$1,694
19 years$4,700$3,845$3,124$2,523$2,026$1,480
20 years$4,418$3,573$2,867$2,285$1,810$1,296
21 years$4,164$3,328$2,637$2,074$1,620$1,136
22 years$3,932$3,107$2,430$1,885$1,452$997
23 years$3,722$2,906$2,244$1,717$1,303$876
24 years$3,529$2,722$2,075$1,566$1,171$771
25 years$3,352$2,555$1,922$1,430$1,054$679
26 years$3,188$2,401$1,783$1,308$949$599
27 years$3,037$2,260$1,655$1,197$856$528
28 years$2,897$2,129$1,539$1,097$772$466
29 years$2,767$2,009$1,432$1,006$697$411
30 years$2,646$1,897$1,334$923$630$363
31 years$2,533$1,793$1,244$848$570$321
32 years$2,427$1,697$1,160$779$515$284
33 years$2,328$1,607$1,083$716$466$251
34 years$2,235$1,523$1,012$659$422$222
35 years$2,147$1,445$946$607$382$197
36 years$2,065$1,371$885$559$347$174
37 years$1,987$1,302$829$515$314$154
38 years$1,913$1,238$776$475$285$136
39 years$1,843$1,177$727$438$258$121
40 years$1,777$1,120$681$404$234$107
41 years$1,715$1,066$639$372$212$95
42 years$1,655$1,015$599$344$193$84
43 years$1,598$967$562$317$175$74
44 years$1,545$922$528$293$159$66
45 years$1,493$879$496$271$144$58
46 years$1,444$839$466$250$131$52
47 years$1,398$800$437$231$119$46
48 years$1,353$764$411$213$108$41
49 years$1,310$730$386$197$98$36
50 years$1,269$697$363$182$89$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,300,000, adding $4,637 every year, while hoping to spend $49,271 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: 60/22/18 Blend
47$1,300,000$1,300,000$1,300,000$1,300,000
48$1,437,383$1,368,483$1,348,333$1,516,673
49$1,531,572$1,383,115$1,341,078$1,585,441
50$1,633,717$1,396,812$1,331,929$1,654,567
51$1,744,578$1,409,477$1,320,770$1,728,848
52$1,864,989$1,421,006$1,307,480$1,808,789
53$1,995,870$1,431,287$1,291,933$1,894,949
54$2,138,231$1,440,203$1,273,995$1,987,945
55$2,293,184$1,447,627$1,253,528$2,088,457
56$2,461,954$1,453,425$1,230,386$2,197,235
57$2,645,887$1,457,456$1,204,417$2,315,111
58$2,846,464$1,459,569$1,175,462$2,442,999
59$3,065,317$1,459,601$1,143,354$2,581,909
60$3,304,242$1,457,384$1,107,918$2,732,958
61$3,565,214$1,452,735$1,068,972$2,897,376
62$3,850,409$1,445,462$1,026,326$3,076,522
63$4,162,222$1,435,362$979,780$3,271,896
64$4,503,292$1,422,217$929,126$3,485,153
65$4,876,521$1,405,799$874,144$3,718,120
66$5,285,107$1,385,864$814,609$3,972,813
67$5,732,570$1,362,154$750,282$4,251,455
68$6,222,790$1,334,397$680,913$4,556,503
69$6,760,034$1,302,302$606,244$4,890,664
70$7,349,008$1,265,565$526,003$5,256,927
71$7,994,889$1,223,860$439,906$5,658,589
72$8,703,382$1,176,844$347,658$6,099,289
73$9,480,773$1,124,155$248,950$6,583,040
74$10,333,980$1,065,407$143,459$7,114,270
75$11,270,630$1,000,196$30,848$7,697,864
76$12,299,119$928,090$0$8,339,210
77$13,428,698$848,636$0$9,061,408
78$14,669,560$761,353$0$9,861,298
79$16,032,930$665,734$0$10,740,253
80$17,531,176$561,243$0$11,706,327
81$19,177,925$447,313$0$12,768,397
82$20,988,187$323,345$0$13,936,252
83$22,978,500$188,707$0$15,220,679
84$25,167,086$42,732$0$16,633,572
85$27,574,017$0$0$18,188,039
86$30,221,412$0$0$19,926,443
87$33,133,639$0$0$21,850,245
88$36,337,546$0$0$23,966,850
89$39,862,717$0$0$26,295,818
90$43,741,746$0$0$28,858,697
91$48,010,546$0$0$31,679,233
92$52,708,688$0$0$34,783,586
93$57,879,775$0$0$38,200,586
94$63,571,849$0$0$41,961,995
95$69,837,847$0$0$46,102,814
96$76,736,100$0$0$50,661,609
97$84,330,880$0$0$55,680,874
98$92,693,010$0$0$61,207,435
99$101,900,530$0$0$67,292,890
100$112,039,430$0$0$73,994,093