Can I retire at age 48 with 1,350,000?

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 $1,350,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$111,482$110,489$109,520$108,574$107,651$103,708
2 years$55,189$54,161$53,165$52,199$51,262$47,333
3 years$36,427$35,395$34,401$33,445$32,523$28,732
4 years$27,048$26,019$25,035$24,095$23,196$19,572
5 years$21,422$20,399$19,428$18,507$17,633$14,185
6 years$17,673$16,657$15,701$14,800$13,952$10,683
7 years$14,996$13,989$13,048$12,168$11,347$8,256
8 years$12,989$11,991$11,065$10,208$9,413$6,498
9 years$11,429$10,440$9,531$8,695$7,927$5,183
10 years$10,181$9,203$8,309$7,495$6,755$4,177
11 years$9,161$8,193$7,315$6,523$5,809$3,392
12 years$8,312$7,353$6,492$5,721$5,034$2,772
13 years$7,594$6,645$5,800$5,051$4,390$2,276
14 years$6,979$6,040$5,211$4,484$3,848$1,877
15 years$6,446$5,518$4,705$3,999$3,388$1,552
16 years$5,981$5,063$4,266$3,580$2,994$1,287
17 years$5,571$4,662$3,882$3,217$2,655$1,070
18 years$5,206$4,308$3,544$2,899$2,361$890
19 years$4,881$3,993$3,244$2,620$2,104$742
20 years$4,588$3,710$2,977$2,373$1,880$619
21 years$4,324$3,456$2,738$2,153$1,682$517
22 years$4,084$3,226$2,524$1,958$1,508$433
23 years$3,865$3,017$2,330$1,783$1,353$362
24 years$3,665$2,827$2,155$1,626$1,216$303
25 years$3,481$2,653$1,996$1,485$1,095$254
26 years$3,311$2,493$1,851$1,358$986$213
27 years$3,154$2,347$1,719$1,243$889$178
28 years$3,009$2,211$1,598$1,139$802$149
29 years$2,874$2,086$1,487$1,044$724$125
30 years$2,748$1,970$1,385$958$654$105
31 years$2,631$1,862$1,291$880$592$88
32 years$2,521$1,762$1,205$809$535$74
33 years$2,418$1,669$1,125$744$484$62
34 years$2,321$1,582$1,051$684$439$52
35 years$2,230$1,500$983$630$397$44
36 years$2,144$1,424$919$580$360$37
37 years$2,063$1,352$861$535$326$31
38 years$1,987$1,285$806$493$296$26
39 years$1,914$1,222$755$454$268$22
40 years$1,846$1,163$708$419$243$18
41 years$1,781$1,107$664$387$221$15
42 years$1,719$1,054$622$357$200$13
43 years$1,660$1,004$584$329$182$11
44 years$1,604$957$548$304$165$9
45 years$1,551$913$515$281$150$8
46 years$1,500$871$484$259$136$6
47 years$1,451$831$454$240$123$5
48 years$1,405$793$427$222$112$4
49 years$1,361$758$401$205$102$4
50 years$1,318$724$377$189$92$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,350,000, adding $6,054 every year, while hoping to spend $45,177 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: 68/23/9 Blend
47$1,350,000$1,350,000$1,350,000$1,350,000
48$1,493,945$1,422,395$1,401,470$1,592,519
49$1,598,259$1,444,024$1,400,351$1,680,345
50$1,711,699$1,465,199$1,397,681$1,770,340
51$1,835,149$1,485,850$1,393,359$1,867,559
52$1,969,579$1,505,902$1,387,281$1,972,703
53$2,116,059$1,525,274$1,379,339$2,086,544
54$2,275,766$1,543,882$1,369,416$2,209,932
55$2,449,996$1,561,633$1,357,392$2,343,805
56$2,640,172$1,578,430$1,343,142$2,489,195
57$2,847,866$1,594,169$1,326,533$2,647,242
58$3,074,803$1,608,738$1,307,427$2,819,200
59$3,322,887$1,622,020$1,285,680$3,006,454
60$3,594,210$1,633,888$1,261,139$3,210,526
61$3,891,079$1,644,208$1,233,646$3,433,098
62$4,216,032$1,652,837$1,203,036$3,676,023
63$4,571,863$1,659,622$1,169,134$3,941,342
64$4,961,652$1,664,402$1,131,759$4,231,307
65$5,388,789$1,667,006$1,090,721$4,548,399
66$5,857,006$1,667,250$1,045,821$4,895,353
67$6,370,416$1,664,941$996,851$5,275,184
68$6,933,548$1,659,873$943,595$5,691,218
69$7,551,390$1,651,827$885,826$6,147,117
70$8,229,436$1,640,571$823,305$6,646,922
71$8,973,739$1,625,859$755,787$7,195,086
72$9,790,965$1,607,431$683,010$7,796,518
73$10,688,459$1,585,009$604,706$8,456,629
74$11,674,309$1,558,302$520,591$9,181,385
75$12,757,428$1,526,999$430,370$9,977,361
76$13,947,634$1,490,770$333,736$10,851,808
77$15,255,743$1,449,268$230,366$11,812,717
78$16,693,670$1,402,124$119,925$12,868,897
79$18,274,544$1,348,948$2,063$14,030,060
80$20,012,829$1,289,327$0$15,306,909
81$21,924,458$1,222,824$0$16,723,127
82$24,026,988$1,148,978$0$18,280,824
83$26,339,763$1,067,300$0$19,994,179
84$28,884,094$977,274$0$21,879,038
85$31,683,464$878,353$0$23,952,865
86$34,763,746$769,960$0$26,234,910
87$38,153,446$651,486$0$28,746,387
88$41,883,975$522,287$0$31,510,678
89$45,989,943$381,681$0$34,553,554
90$50,509,484$228,950$0$37,903,419
91$55,484,618$63,336$0$41,591,577
92$60,961,646$0$0$45,652,531
93$66,991,585$0$0$50,153,656
94$73,630,650$0$0$55,127,221
95$80,940,788$0$0$60,603,613
96$88,990,253$0$0$66,633,980
97$97,854,259$0$0$73,274,681
98$107,615,684$0$0$80,587,821
99$118,365,854$0$0$88,641,834
100$130,205,402$0$0$97,512,128