Can I retire at age 48 with 1,410,000?

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 $1,410,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$116,436$115,399$114,387$113,400$112,435$111,774
2 years$57,642$56,568$55,528$54,519$53,541$52,873
3 years$38,046$36,968$35,930$34,931$33,968$33,316
4 years$28,250$27,175$26,148$25,166$24,227$23,594
5 years$22,374$21,306$20,292$19,330$18,417$17,805
6 years$18,458$17,398$16,399$15,458$14,572$13,984
7 years$15,662$14,611$13,628$12,709$11,851$11,285
8 years$13,566$12,524$11,557$10,661$9,832$9,289
9 years$11,937$10,904$9,954$9,081$8,280$7,759
10 years$10,634$9,612$8,678$7,828$7,055$6,557
11 years$9,569$8,557$7,640$6,813$6,067$5,591
12 years$8,681$7,680$6,781$5,976$5,258$4,803
13 years$7,931$6,941$6,058$5,276$4,585$4,152
14 years$7,289$6,309$5,443$4,683$4,019$3,607
15 years$6,733$5,763$4,914$4,176$3,539$3,146
16 years$6,247$5,288$4,456$3,740$3,128$2,755
17 years$5,818$4,870$4,054$3,360$2,773$2,419
18 years$5,438$4,500$3,701$3,028$2,466$2,130
19 years$5,098$4,170$3,388$2,736$2,198$1,880
20 years$4,792$3,875$3,110$2,478$1,963$1,663
21 years$4,516$3,610$2,860$2,249$1,757$1,473
22 years$4,265$3,370$2,636$2,045$1,575$1,307
23 years$4,037$3,151$2,434$1,862$1,414$1,161
24 years$3,827$2,953$2,251$1,698$1,270$1,032
25 years$3,635$2,771$2,085$1,551$1,143$919
26 years$3,458$2,604$1,934$1,418$1,030$819
27 years$3,294$2,451$1,796$1,298$928$730
28 years$3,143$2,309$1,669$1,189$838$652
29 years$3,002$2,179$1,553$1,091$756$582
30 years$2,870$2,058$1,447$1,001$684$520
31 years$2,747$1,945$1,349$919$618$465
32 years$2,633$1,840$1,259$845$559$416
33 years$2,525$1,743$1,175$777$506$372
34 years$2,424$1,652$1,098$715$458$333
35 years$2,329$1,567$1,026$658$415$298
36 years$2,239$1,487$960$606$376$267
37 years$2,155$1,412$899$558$341$239
38 years$2,075$1,342$842$515$309$214
39 years$1,999$1,276$789$475$280$192
40 years$1,928$1,214$739$438$254$172
41 years$1,860$1,156$693$404$230$154
42 years$1,795$1,101$650$373$209$138
43 years$1,734$1,049$610$344$190$124
44 years$1,675$1,000$573$318$172$111
45 years$1,620$953$538$293$156$100
46 years$1,566$910$505$271$142$89
47 years$1,516$868$474$250$129$80
48 years$1,467$829$446$231$117$72
49 years$1,421$791$419$214$106$65
50 years$1,377$756$394$198$97$58

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,410,000, adding $2,541 every year, while hoping to spend $23,104 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: 86/9/5 Blend
47$1,410,000$1,410,000$1,410,000$1,410,000
48$1,556,441$1,481,711$1,459,856$1,690,151
49$1,690,616$1,529,732$1,484,179$1,825,653
50$1,837,702$1,579,332$1,508,542$1,971,064
51$1,998,992$1,630,564$1,532,922$2,130,093
52$2,175,909$1,683,482$1,557,296$2,304,094
53$2,370,023$1,738,144$1,581,636$2,494,558
54$2,583,059$1,794,607$1,605,915$2,703,124
55$2,816,921$1,852,932$1,630,103$2,931,601
56$3,073,704$1,913,183$1,654,168$3,181,978
57$3,355,717$1,975,424$1,678,078$3,456,450
58$3,665,502$2,039,722$1,701,796$3,757,429
59$4,005,862$2,106,148$1,725,285$4,087,576
60$4,379,883$2,174,772$1,748,505$4,449,821
61$4,790,965$2,245,670$1,771,414$4,847,391
62$5,242,854$2,318,918$1,793,967$5,283,841
63$5,739,677$2,394,596$1,816,116$5,763,088
64$6,285,980$2,472,788$1,837,812$6,289,446
65$6,886,773$2,553,577$1,859,002$6,867,667
66$7,547,575$2,637,054$1,879,630$7,502,989
67$8,274,467$2,723,309$1,899,637$8,201,179
68$9,074,148$2,812,437$1,918,960$8,968,593
69$9,954,002$2,904,536$1,937,536$9,812,234
70$10,922,160$2,999,709$1,955,293$10,739,815
71$11,987,585$3,098,060$1,972,161$11,759,836
72$13,160,152$3,199,697$1,988,061$12,881,662
73$14,450,740$3,304,735$2,002,914$14,115,611
74$15,871,339$3,413,290$2,016,634$15,473,050
75$17,435,157$3,525,483$2,029,133$16,966,508
76$19,156,749$3,641,438$2,040,316$18,609,784
77$21,052,156$3,761,287$2,050,084$20,418,086
78$23,139,049$3,885,163$2,058,335$22,408,170
79$25,436,901$4,013,205$2,064,958$24,598,500
80$27,967,170$4,145,558$2,069,840$27,009,419
81$30,753,502$4,282,370$2,072,860$29,663,344
82$33,821,951$4,423,798$2,073,893$32,584,976
83$37,201,227$4,570,001$2,072,805$35,801,532
84$40,922,965$4,721,145$2,069,458$39,343,003
85$45,022,029$4,877,402$2,063,705$43,242,438
86$49,536,832$5,038,951$2,055,396$47,536,251
87$54,509,706$5,205,976$2,044,368$52,264,571
88$59,987,296$5,378,669$2,030,455$57,471,613
89$66,021,005$5,557,228$2,013,480$63,206,104
90$72,667,475$5,741,860$1,993,259$69,521,734
91$79,989,123$5,932,777$1,969,598$76,477,667
92$88,054,730$6,130,200$1,942,297$84,139,100
93$96,940,091$6,334,358$1,911,142$92,577,874
94$106,728,728$6,545,489$1,875,913$101,873,158
95$117,512,679$6,763,839$1,836,377$112,112,189
96$129,393,369$6,989,664$1,792,292$123,391,101
97$142,482,562$7,223,227$1,743,404$135,815,827
98$156,903,422$7,464,803$1,689,446$149,503,105
99$172,791,670$7,714,678$1,630,142$164,581,574
100$190,296,868$7,973,145$1,565,199$181,192,989