Can I retire at age 48 with 1,390,000?

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 $1,390,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$114,785$113,762$112,765$111,791$110,841$108,425
2 years$56,824$55,766$54,740$53,746$52,781$50,360
3 years$37,507$36,444$35,421$34,435$33,487$31,135
4 years$27,850$26,790$25,777$24,809$23,883$21,619
5 years$22,057$21,004$20,004$19,056$18,155$15,986
6 years$18,196$17,151$16,166$15,239$14,366$12,293
7 years$15,440$14,403$13,434$12,529$11,683$9,707
8 years$13,374$12,346$11,393$10,510$9,692$7,812
9 years$11,767$10,750$9,813$8,952$8,162$6,377
10 years$10,483$9,475$8,555$7,717$6,955$5,262
11 years$9,433$8,435$7,532$6,716$5,981$4,380
12 years$8,558$7,571$6,684$5,891$5,183$3,670
13 years$7,819$6,842$5,972$5,201$4,520$3,092
14 years$7,186$6,219$5,366$4,617$3,962$2,617
15 years$6,637$5,681$4,845$4,117$3,489$2,223
16 years$6,158$5,213$4,392$3,687$3,083$1,895
17 years$5,736$4,801$3,997$3,312$2,734$1,619
18 years$5,361$4,436$3,649$2,985$2,431$1,386
19 years$5,025$4,111$3,340$2,697$2,167$1,189
20 years$4,724$3,820$3,065$2,443$1,935$1,021
21 years$4,452$3,559$2,820$2,217$1,732$879
22 years$4,205$3,322$2,599$2,016$1,552$757
23 years$3,979$3,107$2,399$1,836$1,393$652
24 years$3,773$2,911$2,219$1,674$1,252$563
25 years$3,584$2,732$2,055$1,529$1,127$486
26 years$3,409$2,567$1,906$1,398$1,015$420
27 years$3,248$2,416$1,770$1,280$915$363
28 years$3,098$2,277$1,646$1,173$826$314
29 years$2,959$2,148$1,531$1,075$746$272
30 years$2,829$2,028$1,426$987$674$235
31 years$2,709$1,918$1,330$906$609$203
32 years$2,595$1,814$1,241$833$551$176
33 years$2,489$1,718$1,158$766$499$153
34 years$2,390$1,628$1,082$705$452$132
35 years$2,296$1,545$1,012$649$409$114
36 years$2,208$1,466$947$597$371$99
37 years$2,124$1,392$886$551$336$86
38 years$2,046$1,323$830$507$304$75
39 years$1,971$1,258$777$468$276$65
40 years$1,900$1,197$729$432$250$56
41 years$1,833$1,140$683$398$227$49
42 years$1,770$1,085$641$367$206$42
43 years$1,709$1,034$601$339$187$36
44 years$1,652$986$565$313$170$32
45 years$1,597$940$530$289$154$27
46 years$1,544$897$498$267$140$24
47 years$1,494$856$468$247$127$21
48 years$1,447$817$440$228$115$18
49 years$1,401$780$413$211$105$16
50 years$1,357$745$388$195$95$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,390,000, adding $4,638 every year, while hoping to spend $35,171 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: 40/34/26 Blend
47$1,390,000$1,390,000$1,390,000$1,390,000
48$1,536,564$1,462,894$1,441,349$1,586,062
49$1,655,872$1,497,154$1,452,213$1,656,584
50$1,786,170$1,531,914$1,462,261$1,729,195
51$1,928,543$1,567,162$1,471,431$1,807,069
52$2,084,184$1,602,882$1,479,653$1,890,708
53$2,254,407$1,639,059$1,486,857$1,980,666
54$2,440,658$1,675,674$1,492,968$2,077,555
55$2,644,529$1,712,707$1,497,907$2,182,048
56$2,867,776$1,750,134$1,501,592$2,294,888
57$3,112,330$1,787,931$1,503,935$2,416,894
58$3,380,317$1,826,069$1,504,847$2,548,970
59$3,674,080$1,864,518$1,504,230$2,692,112
60$3,996,200$1,903,243$1,501,986$2,847,417
61$4,349,518$1,942,208$1,498,008$3,016,098
62$4,737,165$1,981,371$1,492,187$3,199,489
63$5,162,587$2,020,690$1,484,406$3,399,065
64$5,629,582$2,060,115$1,474,546$3,616,449
65$6,142,334$2,099,595$1,462,477$3,853,432
66$6,705,450$2,139,074$1,448,069$4,111,991
67$7,324,008$2,178,490$1,431,180$4,394,303
68$8,003,598$2,217,777$1,411,666$4,702,771
69$8,750,381$2,256,864$1,389,373$5,040,044
70$9,571,144$2,295,675$1,364,142$5,409,044
71$10,473,364$2,334,127$1,335,804$5,812,991
72$11,465,279$2,372,130$1,304,185$6,255,440
73$12,555,963$2,409,590$1,269,100$6,740,305
74$13,755,415$2,446,404$1,230,359$7,271,908
75$15,074,652$2,482,463$1,187,761$7,855,011
76$16,525,811$2,517,648$1,141,096$8,494,867
77$18,122,265$2,551,834$1,090,144$9,197,265
78$19,878,748$2,584,886$1,034,676$9,968,592
79$21,811,495$2,616,660$974,452$10,815,888
80$23,938,393$2,647,002$909,221$11,746,917
81$26,279,152$2,675,747$838,723$12,770,236
82$28,855,488$2,702,721$762,682$13,895,283
83$31,691,329$2,727,737$680,814$15,132,462
84$34,813,043$2,750,594$592,820$16,493,245
85$38,249,682$2,771,081$498,387$17,990,278
86$42,033,257$2,788,972$397,191$19,637,505
87$46,199,044$2,804,026$288,891$21,450,297
88$50,785,910$2,815,987$173,133$23,445,602
89$55,836,685$2,824,583$49,545$25,642,101
90$61,398,564$2,829,524$0$28,060,393
91$67,523,550$2,830,504$0$30,746,025
92$74,268,948$2,827,194$0$33,717,338
93$81,697,904$2,819,250$0$36,988,282
94$89,879,999$2,806,302$0$40,589,397
95$98,891,909$2,787,960$0$44,554,341
96$108,818,124$2,763,811$0$48,920,209
97$119,751,749$2,733,414$0$53,727,884
98$131,795,380$2,696,304$0$59,022,424
99$145,062,074$2,651,988$0$64,853,485
100$159,676,413$2,599,943$0$71,275,797