Can I retire at age 48 with 1,340,000?

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 $1,340,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$110,656$109,670$108,709$107,770$106,853$102,654
2 years$54,780$53,760$52,771$51,813$50,883$46,704
3 years$36,157$35,133$34,146$33,197$32,282$28,255
4 years$26,848$25,826$24,850$23,916$23,024$19,179
5 years$21,263$20,248$19,285$18,370$17,502$13,849
6 years$17,542$16,534$15,585$14,691$13,849$10,390
7 years$14,885$13,885$12,951$12,078$11,263$7,997
8 years$12,893$11,902$10,983$10,132$9,344$6,268
9 years$11,344$10,363$9,460$8,630$7,869$4,978
10 years$10,106$9,135$8,248$7,439$6,705$3,994
11 years$9,093$8,132$7,261$6,474$5,766$3,229
12 years$8,250$7,299$6,444$5,679$4,997$2,626
13 years$7,538$6,596$5,757$5,014$4,357$2,146
14 years$6,927$5,996$5,173$4,451$3,820$1,761
15 years$6,399$5,477$4,670$3,969$3,363$1,449
16 years$5,937$5,025$4,234$3,554$2,972$1,196
17 years$5,529$4,628$3,853$3,193$2,635$988
18 years$5,168$4,276$3,517$2,878$2,343$818
19 years$4,845$3,963$3,220$2,600$2,089$679
20 years$4,554$3,683$2,955$2,355$1,866$563
21 years$4,292$3,430$2,718$2,137$1,670$468
22 years$4,053$3,202$2,505$1,943$1,496$389
23 years$3,836$2,995$2,313$1,770$1,343$324
24 years$3,637$2,806$2,139$1,614$1,207$270
25 years$3,455$2,633$1,981$1,474$1,086$225
26 years$3,286$2,475$1,838$1,348$979$187
27 years$3,131$2,329$1,706$1,234$882$156
28 years$2,987$2,195$1,586$1,130$796$130
29 years$2,853$2,071$1,476$1,037$719$108
30 years$2,728$1,955$1,375$951$650$90
31 years$2,611$1,849$1,282$874$587$75
32 years$2,502$1,749$1,196$803$531$63
33 years$2,400$1,656$1,117$738$481$52
34 years$2,304$1,570$1,043$679$435$44
35 years$2,213$1,489$976$625$394$37
36 years$2,128$1,413$913$576$357$30
37 years$2,048$1,342$854$531$324$25
38 years$1,972$1,276$800$489$294$21
39 years$1,900$1,213$749$451$266$18
40 years$1,832$1,154$702$416$241$15
41 years$1,767$1,099$659$384$219$12
42 years$1,706$1,046$618$354$199$10
43 years$1,648$997$580$327$180$9
44 years$1,592$950$544$302$164$7
45 years$1,539$906$511$279$149$6
46 years$1,489$864$480$258$135$5
47 years$1,441$825$451$238$123$4
48 years$1,394$788$424$220$111$3
49 years$1,350$752$398$203$101$3
50 years$1,308$718$374$188$92$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,340,000, adding $3,236 every year, while hoping to spend $20,521 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: 66/15/19 Blend
47$1,340,000$1,340,000$1,340,000$1,340,000
48$1,480,018$1,408,998$1,388,228$1,570,481
49$1,609,146$1,456,205$1,412,899$1,678,711
50$1,750,756$1,505,037$1,437,710$1,794,319
51$1,906,102$1,555,552$1,462,641$1,920,207
52$2,076,561$1,607,811$1,487,677$2,057,383
53$2,263,653$1,661,876$1,512,796$2,206,959
54$2,469,049$1,717,811$1,537,978$2,370,157
55$2,694,592$1,775,684$1,563,200$2,548,323
56$2,942,312$1,835,564$1,588,439$2,742,941
57$3,214,445$1,897,524$1,613,669$2,955,641
58$3,513,454$1,961,638$1,638,863$3,188,224
59$3,842,053$2,027,985$1,663,991$3,442,668
60$4,203,231$2,096,645$1,689,024$3,721,155
61$4,600,282$2,167,702$1,713,927$4,026,087
62$5,036,834$2,241,243$1,738,667$4,360,111
63$5,516,885$2,317,358$1,763,207$4,726,141
64$6,044,840$2,396,141$1,787,506$5,127,387
65$6,625,551$2,477,689$1,811,525$5,567,386
66$7,264,364$2,562,103$1,835,219$6,050,035
67$7,967,172$2,649,488$1,858,541$6,579,625
68$8,740,463$2,739,953$1,881,442$7,160,884
69$9,591,391$2,833,612$1,903,871$7,799,023
70$10,527,834$2,930,580$1,925,772$8,499,779
71$11,558,476$3,030,981$1,947,088$9,269,476
72$12,692,882$3,134,941$1,967,757$10,115,079
73$13,941,594$3,242,591$1,987,715$11,044,264
74$15,316,227$3,354,068$2,006,893$12,065,486
75$16,829,579$3,469,514$2,025,221$13,188,063
76$18,495,752$3,589,077$2,042,622$14,422,259
77$20,330,286$3,712,909$2,059,018$15,779,385
78$22,350,304$3,841,170$2,074,323$17,271,905
79$24,574,673$3,974,025$2,088,451$18,913,549
80$27,024,183$4,111,646$2,101,308$20,719,447
81$29,721,745$4,254,211$2,112,796$22,706,272
82$32,692,602$4,401,907$2,122,814$24,892,394
83$35,964,573$4,554,926$2,131,254$27,298,053
84$39,568,311$4,713,469$2,138,002$29,945,556
85$43,537,593$4,877,743$2,142,940$32,859,478
86$47,909,642$5,047,967$2,145,943$36,066,901
87$52,725,473$5,224,365$2,146,880$39,597,666
88$58,030,284$5,407,171$2,145,613$43,484,658
89$63,873,880$5,596,630$2,141,998$47,764,111
90$70,311,144$5,792,994$2,135,884$52,475,952
91$77,402,557$5,996,527$2,127,112$57,664,181
92$85,214,764$6,207,502$2,115,516$63,377,280
93$93,821,206$6,426,206$2,100,922$69,668,676
94$103,302,813$6,652,934$2,083,147$76,597,242
95$113,748,767$6,887,995$2,061,999$84,227,852
96$125,257,343$7,131,709$2,037,279$92,631,996
97$137,936,840$7,384,411$2,008,775$101,888,453
98$151,906,598$7,646,447$1,976,270$112,084,033
99$167,298,128$7,918,179$1,939,531$123,314,398
100$184,256,351$8,199,984$1,898,319$135,684,965