Can I retire at age 48 with 1,460,000?

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 $1,460,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$120,565$119,492$118,444$117,421$116,422$113,013
2 years$59,686$58,574$57,497$56,452$55,439$52,032
3 years$39,395$38,279$37,204$36,170$35,173$31,874
4 years$29,252$28,139$27,075$26,058$25,086$21,921
5 years$23,168$22,061$21,011$20,015$19,070$16,048
6 years$19,113$18,015$16,980$16,006$15,089$12,213
7 years$16,217$15,129$14,111$13,160$12,272$9,541
8 years$14,047$12,968$11,967$11,039$10,180$7,594
9 years$12,360$11,291$10,307$9,403$8,573$6,128
10 years$11,011$9,953$8,986$8,106$7,305$4,997
11 years$9,908$8,860$7,911$7,054$6,283$4,109
12 years$8,989$7,952$7,021$6,188$5,444$3,400
13 years$8,213$7,187$6,273$5,463$4,748$2,829
14 years$7,548$6,532$5,636$4,849$4,162$2,363
15 years$6,972$5,968$5,089$4,325$3,664$1,981
16 years$6,468$5,475$4,614$3,872$3,238$1,665
17 years$6,025$5,042$4,198$3,479$2,871$1,403
18 years$5,631$4,659$3,832$3,135$2,553$1,185
19 years$5,279$4,318$3,508$2,833$2,276$1,002
20 years$4,962$4,013$3,220$2,566$2,033$849
21 years$4,676$3,738$2,962$2,329$1,819$719
22 years$4,416$3,489$2,730$2,117$1,631$610
23 years$4,180$3,263$2,520$1,928$1,464$519
24 years$3,963$3,057$2,331$1,759$1,316$441
25 years$3,764$2,869$2,159$1,606$1,184$375
26 years$3,581$2,697$2,002$1,469$1,066$319
27 years$3,411$2,538$1,859$1,344$961$271
28 years$3,254$2,391$1,728$1,232$867$231
29 years$3,108$2,256$1,608$1,129$783$197
30 years$2,972$2,131$1,498$1,037$708$168
31 years$2,845$2,014$1,397$952$640$143
32 years$2,726$1,906$1,303$875$579$122
33 years$2,615$1,805$1,217$805$524$104
34 years$2,510$1,710$1,137$740$474$89
35 years$2,412$1,622$1,063$681$430$75
36 years$2,319$1,540$994$628$389$64
37 years$2,231$1,463$931$578$353$55
38 years$2,149$1,390$872$533$320$47
39 years$2,070$1,322$817$491$290$40
40 years$1,996$1,257$765$453$263$34
41 years$1,926$1,197$718$418$239$29
42 years$1,859$1,140$673$386$217$25
43 years$1,795$1,086$632$356$197$21
44 years$1,735$1,035$593$329$178$18
45 years$1,677$987$557$304$162$15
46 years$1,622$942$523$281$147$13
47 years$1,570$899$491$259$134$11
48 years$1,519$858$462$240$121$10
49 years$1,471$819$434$221$110$8
50 years$1,425$783$408$205$100$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,460,000, adding $2,120 every year, while hoping to spend $40,664 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: 42/45/13 Blend
47$1,460,000$1,460,000$1,460,000$1,460,000
48$1,611,107$1,533,727$1,511,097$1,672,552
49$1,732,173$1,565,613$1,518,452$1,747,775
50$1,864,226$1,597,699$1,524,691$1,824,973
51$2,008,342$1,629,952$1,529,734$1,907,675
52$2,165,708$1,662,334$1,533,495$1,996,402
53$2,337,630$1,694,808$1,535,886$2,091,728
54$2,525,544$1,727,330$1,536,815$2,194,286
55$2,731,035$1,759,854$1,536,183$2,304,774
56$2,955,843$1,792,330$1,533,888$2,423,960
57$3,201,889$1,824,704$1,529,823$2,552,693
58$3,471,285$1,856,918$1,523,876$2,691,909
59$3,766,358$1,888,908$1,515,927$2,842,638
60$4,089,669$1,920,608$1,505,854$3,006,018
61$4,444,042$1,951,943$1,493,526$3,183,305
62$4,832,583$1,982,837$1,478,808$3,375,880
63$5,258,715$2,013,205$1,461,557$3,585,270
64$5,726,209$2,042,958$1,441,624$3,813,157
65$6,239,218$2,071,997$1,418,853$4,061,397
66$6,802,314$2,100,222$1,393,081$4,332,036
67$7,420,537$2,127,520$1,364,137$4,627,332
68$8,099,438$2,153,774$1,331,841$4,949,773
69$8,845,129$2,178,857$1,296,006$5,302,105
70$9,664,347$2,202,636$1,256,437$5,687,355
71$10,564,510$2,224,965$1,212,928$6,108,863
72$11,553,795$2,245,693$1,165,265$6,570,311
73$12,641,204$2,264,654$1,113,224$7,075,759
74$13,836,661$2,281,676$1,056,571$7,629,686
75$15,151,095$2,296,573$995,060$8,237,031
76$16,596,548$2,309,147$928,437$8,903,241
77$18,186,290$2,319,188$856,433$9,634,321
78$19,934,937$2,326,474$778,768$10,436,894
79$21,858,595$2,330,766$695,152$11,318,264
80$23,975,012$2,331,813$605,280$12,286,485
81$26,303,738$2,329,347$508,831$13,350,437
82$28,866,317$2,323,083$405,475$14,519,913
83$31,686,487$2,312,720$294,864$15,805,709
84$34,790,402$2,297,937$176,636$17,219,733
85$38,206,881$2,278,394$50,411$18,775,112
86$41,967,678$2,253,730$0$20,486,319
87$46,107,783$2,223,565$0$22,381,006
88$50,665,750$2,187,493$0$24,473,299
89$55,684,062$2,145,085$0$26,775,658
90$61,209,528$2,095,886$0$29,309,534
91$67,293,732$2,039,417$0$32,098,574
92$73,993,511$1,975,166$0$35,168,844
93$81,371,495$1,902,595$0$38,549,076
94$89,496,699$1,821,134$0$42,270,945
95$98,445,172$1,730,179$0$46,369,362
96$108,300,712$1,629,090$0$50,882,812
97$119,155,663$1,517,194$0$55,853,715
98$131,111,779$1,393,775$0$61,328,831
99$144,281,190$1,258,080$0$67,359,701
100$158,787,455$1,109,309$0$74,003,135