Can I retire at age 48 with 1,430,000?

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 $1,430,000?

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$118,088$117,036$116,010$115,008$114,030$109,853
2 years$58,459$57,371$56,316$55,292$54,300$50,138
3 years$38,586$37,492$36,440$35,426$34,450$30,435
4 years$28,651$27,561$26,519$25,523$24,570$20,731
5 years$22,692$21,608$20,580$19,604$18,678$15,026
6 years$18,720$17,645$16,631$15,677$14,779$11,316
7 years$15,884$14,818$13,821$12,889$12,019$8,745
8 years$13,758$12,702$11,721$10,812$9,971$6,883
9 years$12,106$11,059$10,095$9,210$8,397$5,490
10 years$10,785$9,748$8,801$7,939$7,155$4,424
11 years$9,704$8,678$7,749$6,909$6,153$3,593
12 years$8,805$7,789$6,877$6,060$5,332$2,936
13 years$8,044$7,039$6,144$5,350$4,650$2,411
14 years$7,393$6,398$5,520$4,749$4,076$1,988
15 years$6,828$5,845$4,984$4,236$3,589$1,644
16 years$6,335$5,363$4,519$3,793$3,172$1,363
17 years$5,901$4,939$4,112$3,408$2,812$1,133
18 years$5,515$4,564$3,754$3,071$2,501$943
19 years$5,170$4,230$3,436$2,775$2,229$786
20 years$4,860$3,930$3,154$2,513$1,991$656
21 years$4,580$3,661$2,901$2,281$1,782$548
22 years$4,326$3,417$2,674$2,074$1,597$458
23 years$4,094$3,196$2,469$1,889$1,434$383
24 years$3,882$2,995$2,283$1,723$1,289$321
25 years$3,687$2,810$2,114$1,573$1,159$269
26 years$3,507$2,641$1,961$1,438$1,044$225
27 years$3,341$2,486$1,821$1,317$942$189
28 years$3,187$2,342$1,693$1,206$850$158
29 years$3,044$2,210$1,575$1,106$767$133
30 years$2,911$2,087$1,467$1,015$693$111
31 years$2,786$1,973$1,368$932$627$93
32 years$2,670$1,867$1,276$857$567$78
33 years$2,561$1,768$1,192$788$513$66
34 years$2,458$1,675$1,114$725$465$55
35 years$2,362$1,589$1,041$667$421$46
36 years$2,271$1,508$974$615$381$39
37 years$2,185$1,432$912$566$346$33
38 years$2,104$1,361$854$522$313$27
39 years$2,028$1,295$800$481$284$23
40 years$1,955$1,232$750$444$258$19
41 years$1,886$1,172$703$410$234$16
42 years$1,821$1,117$659$378$212$14
43 years$1,758$1,064$619$349$192$11
44 years$1,699$1,014$581$322$175$10
45 years$1,643$967$545$298$159$8
46 years$1,589$922$512$275$144$7
47 years$1,537$880$481$254$131$6
48 years$1,488$840$452$235$119$5
49 years$1,441$803$425$217$108$4
50 years$1,396$767$400$200$98$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,430,000, adding $4,253 every year, while hoping to spend $23,194 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: 66/9/25 Blend
47$1,430,000$1,430,000$1,430,000$1,430,000
48$1,580,247$1,504,457$1,482,292$1,674,017
49$1,716,754$1,553,497$1,507,271$1,786,713
50$1,866,407$1,604,163$1,532,308$1,906,874
51$2,030,523$1,656,509$1,557,383$2,037,724
52$2,210,552$1,710,594$1,582,471$2,180,317
53$2,408,091$1,766,475$1,607,546$2,335,813
54$2,624,898$1,824,215$1,632,581$2,505,492
55$2,862,912$1,883,876$1,657,547$2,690,760
56$3,124,267$1,945,524$1,682,413$2,893,169
57$3,411,315$2,009,227$1,707,146$3,114,426
58$3,726,645$2,075,055$1,731,712$3,356,414
59$4,073,111$2,143,081$1,756,072$3,621,204
60$4,453,857$2,213,380$1,780,189$3,911,081
61$4,872,345$2,286,031$1,804,020$4,228,560
62$5,332,392$2,361,113$1,827,522$4,576,412
63$5,838,199$2,438,711$1,850,648$4,957,691
64$6,394,399$2,518,912$1,873,348$5,375,759
65$7,006,094$2,601,804$1,895,571$5,834,323
66$7,678,904$2,687,482$1,917,261$6,337,467
67$8,419,024$2,776,040$1,938,362$6,889,690
68$9,233,278$2,867,579$1,958,810$7,495,947
69$10,129,184$2,962,203$1,978,542$8,161,702
70$11,115,028$3,060,017$1,997,490$8,892,971
71$12,199,936$3,161,134$2,015,582$9,696,387
72$13,393,967$3,265,667$2,032,741$10,579,256
73$14,708,203$3,373,736$2,048,889$11,549,628
74$16,154,855$3,485,464$2,063,942$12,616,375
75$17,747,377$3,600,978$2,077,811$13,789,272
76$19,500,595$3,720,412$2,090,403$15,079,092
77$21,430,845$3,843,902$2,101,621$16,497,703
78$23,556,129$3,971,590$2,111,363$18,058,184
79$25,896,280$4,103,625$2,119,520$19,774,949
80$28,473,156$4,240,158$2,125,979$21,663,880
81$31,310,840$4,381,348$2,130,622$23,742,476
82$34,435,871$4,527,359$2,133,323$26,030,024
83$37,877,492$4,678,361$2,133,951$28,547,775
84$41,667,926$4,834,531$2,132,368$31,319,148
85$45,842,683$4,996,052$2,128,431$34,369,949
86$50,440,891$5,163,112$2,121,988$37,728,615
87$55,505,668$5,335,910$2,112,880$41,426,485
88$61,084,525$5,514,649$2,100,941$45,498,092
89$67,229,820$5,699,541$2,085,996$49,981,491
90$73,999,248$5,890,804$2,067,863$54,918,618
91$81,456,384$6,088,667$2,046,349$60,355,686
92$89,671,289$6,293,365$2,021,256$66,343,622
93$98,721,164$6,505,144$1,992,371$72,938,545
94$108,691,084$6,724,257$1,959,477$80,202,298
95$119,674,797$6,950,968$1,922,342$88,203,032
96$131,775,611$7,185,550$1,880,725$97,015,850
97$145,107,369$7,428,287$1,834,375$106,723,512
98$159,795,521$7,679,474$1,783,027$117,417,223
99$175,978,311$7,939,416$1,726,406$129,197,486
100$193,808,082$8,208,429$1,664,223$142,175,059