Can I retire at age 48 with 1,360,000?

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 $1,360,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$112,308$111,307$110,331$109,379$108,448$107,138
2 years$55,598$54,562$53,559$52,586$51,642$50,323
3 years$36,697$35,657$34,656$33,692$32,764$31,477
4 years$27,248$26,212$25,221$24,273$23,367$22,123
5 years$21,581$20,550$19,572$18,644$17,764$16,566
6 years$17,804$16,781$15,817$14,910$14,056$12,905
7 years$15,107$14,093$13,144$12,258$11,431$10,329
8 years$13,085$12,080$11,147$10,283$9,483$8,429
9 years$11,513$10,518$9,601$8,759$7,986$6,979
10 years$10,257$9,271$8,371$7,550$6,805$5,845
11 years$9,229$8,253$7,369$6,571$5,852$4,938
12 years$8,374$7,408$6,540$5,764$5,071$4,202
13 years$7,650$6,694$5,843$5,088$4,422$3,597
14 years$7,031$6,085$5,250$4,517$3,877$3,094
15 years$6,494$5,559$4,740$4,028$3,413$2,672
16 years$6,025$5,100$4,298$3,607$3,017$2,316
17 years$5,612$4,697$3,911$3,241$2,675$2,013
18 years$5,245$4,340$3,570$2,921$2,378$1,754
19 years$4,917$4,022$3,268$2,639$2,120$1,531
20 years$4,622$3,738$2,999$2,390$1,893$1,339
21 years$4,356$3,482$2,759$2,169$1,694$1,173
22 years$4,114$3,250$2,543$1,972$1,519$1,029
23 years$3,893$3,040$2,348$1,796$1,363$904
24 years$3,692$2,848$2,171$1,638$1,225$795
25 years$3,506$2,673$2,011$1,496$1,103$699
26 years$3,335$2,512$1,865$1,368$993$616
27 years$3,178$2,364$1,732$1,252$896$543
28 years$3,031$2,228$1,610$1,147$808$479
29 years$2,895$2,101$1,498$1,052$730$422
30 years$2,768$1,985$1,396$966$659$373
31 years$2,650$1,876$1,301$887$596$329
32 years$2,539$1,775$1,214$815$539$291
33 years$2,436$1,681$1,133$749$488$257
34 years$2,338$1,593$1,059$690$442$227
35 years$2,246$1,511$990$635$400$201
36 years$2,160$1,434$926$585$363$177
37 years$2,078$1,362$867$539$329$157
38 years$2,001$1,295$812$496$298$139
39 years$1,928$1,231$761$458$270$123
40 years$1,859$1,171$713$422$245$109
41 years$1,794$1,115$668$390$222$96
42 years$1,731$1,062$627$360$202$85
43 years$1,672$1,012$588$332$183$75
44 years$1,616$964$552$306$166$67
45 years$1,562$920$519$283$151$59
46 years$1,511$877$487$261$137$52
47 years$1,462$837$458$242$124$46
48 years$1,415$799$430$223$113$41
49 years$1,371$763$404$206$103$36
50 years$1,328$729$380$191$93$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,360,000, adding $6,573 every year, while hoping to spend $36,657 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: 37/36/27 Blend
47$1,360,000$1,360,000$1,360,000$1,360,000
48$1,505,500$1,433,420$1,412,340$1,548,839
49$1,620,058$1,464,655$1,420,651$1,612,613
50$1,745,073$1,496,192$1,428,011$1,677,629
51$1,881,572$1,528,006$1,434,351$1,747,150
52$2,030,686$1,560,073$1,439,596$1,821,608
53$2,193,662$1,592,362$1,443,668$1,901,476
54$2,371,870$1,624,843$1,446,486$1,987,281
55$2,566,821$1,657,480$1,447,963$2,079,600
56$2,780,178$1,690,237$1,448,010$2,179,073
57$3,013,770$1,723,073$1,446,533$2,286,404
58$3,269,613$1,755,943$1,443,431$2,402,370
59$3,549,929$1,788,799$1,438,601$2,527,831
60$3,857,162$1,821,590$1,431,934$2,663,733
61$4,194,004$1,854,260$1,423,316$2,811,121
62$4,563,422$1,886,748$1,412,626$2,971,148
63$4,968,681$1,918,989$1,399,739$3,145,086
64$5,413,381$1,950,913$1,384,525$3,334,341
65$5,901,483$1,982,446$1,366,844$3,540,460
66$6,437,354$2,013,505$1,346,553$3,765,153
67$7,025,802$2,044,005$1,323,500$4,010,306
68$7,672,125$2,073,852$1,297,529$4,278,000
69$8,382,158$2,102,947$1,268,472$4,570,531
70$9,162,330$2,131,184$1,236,158$4,890,432
71$10,019,723$2,158,447$1,200,404$5,240,496
72$10,962,139$2,184,615$1,161,023$5,623,806
73$11,998,175$2,209,559$1,117,814$6,043,764
74$13,137,300$2,233,139$1,070,572$6,504,119
75$14,389,948$2,255,206$1,019,080$7,009,010
76$15,767,614$2,275,603$963,111$7,563,002
77$17,282,964$2,294,160$902,428$8,171,129
78$18,949,952$2,310,700$836,785$8,838,944
79$20,783,953$2,325,030$765,923$9,572,571
80$22,801,906$2,336,946$689,571$10,378,767
81$25,022,478$2,346,234$607,449$11,264,981
82$27,466,233$2,352,662$519,261$12,239,431
83$30,155,832$2,355,985$424,700$13,311,176
84$33,116,244$2,355,946$323,444$14,490,212
85$36,374,980$2,352,266$215,159$15,787,557
86$39,962,355$2,344,654$99,493$17,215,365
87$43,911,771$2,332,798$0$18,787,035
88$48,260,036$2,316,369$0$20,524,242
89$53,047,705$2,295,017$0$22,467,419
90$58,319,469$2,268,371$0$24,605,954
91$64,124,571$2,236,037$0$26,959,775
92$70,517,273$2,197,599$0$29,550,850
93$77,557,370$2,152,616$0$32,403,391
94$85,310,747$2,100,620$0$35,544,085
95$93,850,008$2,041,115$0$39,002,347
96$103,255,156$1,973,577$0$42,810,599
97$113,614,353$1,897,453$0$47,004,578
98$125,024,743$1,812,154$0$51,623,669
99$137,593,377$1,717,060$0$56,711,288
100$151,438,219$1,611,514$0$62,315,282