Can I retire at age 48 with 1,470,000?

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 $1,470,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$121,391$120,310$119,255$118,225$117,220$114,155
2 years$60,095$58,975$57,891$56,839$55,819$52,752
3 years$39,665$38,541$37,459$36,417$35,414$32,440
4 years$29,452$28,332$27,261$26,237$25,257$22,401
5 years$23,326$22,212$21,155$20,152$19,200$16,468
6 years$19,244$18,138$17,097$16,116$15,193$12,588
7 years$16,329$15,232$14,207$13,250$12,356$9,879
8 years$14,143$13,057$12,049$11,115$10,250$7,899
9 years$12,444$11,368$10,378$9,467$8,632$6,406
10 years$11,086$10,021$9,048$8,161$7,355$5,250
11 years$9,976$8,921$7,965$7,103$6,326$4,339
12 years$9,051$8,007$7,069$6,230$5,482$3,610
13 years$8,269$7,236$6,316$5,500$4,780$3,019
14 years$7,599$6,577$5,675$4,882$4,190$2,536
15 years$7,020$6,008$5,124$4,354$3,689$2,138
16 years$6,513$5,513$4,645$3,899$3,261$1,808
17 years$6,066$5,077$4,227$3,503$2,891$1,532
18 years$5,669$4,691$3,859$3,157$2,571$1,301
19 years$5,315$4,348$3,532$2,852$2,291$1,107
20 years$4,996$4,040$3,242$2,583$2,047$943
21 years$4,708$3,763$2,982$2,345$1,831$805
22 years$4,447$3,513$2,748$2,132$1,642$687
23 years$4,208$3,286$2,538$1,942$1,474$587
24 years$3,990$3,078$2,347$1,771$1,325$502
25 years$3,790$2,889$2,174$1,617$1,192$430
26 years$3,605$2,715$2,016$1,479$1,074$368
27 years$3,435$2,555$1,872$1,353$968$315
28 years$3,276$2,408$1,740$1,240$873$270
29 years$3,129$2,271$1,619$1,137$789$232
30 years$2,992$2,145$1,508$1,044$713$199
31 years$2,864$2,028$1,406$958$644$171
32 years$2,745$1,919$1,312$881$583$146
33 years$2,633$1,817$1,225$810$527$126
34 years$2,527$1,722$1,145$745$478$108
35 years$2,428$1,633$1,070$686$433$92
36 years$2,335$1,550$1,001$632$392$79
37 years$2,247$1,473$937$582$355$68
38 years$2,163$1,399$877$537$322$59
39 years$2,084$1,331$822$495$292$50
40 years$2,010$1,266$771$456$265$43
41 years$1,939$1,205$723$421$240$37
42 years$1,872$1,148$678$389$218$32
43 years$1,808$1,094$636$359$198$27
44 years$1,747$1,042$597$331$180$23
45 years$1,689$994$561$306$163$20
46 years$1,633$948$526$283$148$17
47 years$1,580$905$495$261$134$15
48 years$1,530$864$465$241$122$13
49 years$1,481$825$437$223$111$11
50 years$1,435$788$411$206$101$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,470,000, adding $2,313 every year, while hoping to spend $36,160 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: 65/25/10 Blend
47$1,470,000$1,470,000$1,470,000$1,470,000
48$1,622,326$1,544,416$1,521,631$1,724,160
49$1,749,329$1,581,618$1,534,132$1,829,527
50$1,888,075$1,619,432$1,545,839$1,940,137
51$2,039,722$1,657,848$1,556,689$2,060,060
52$2,205,549$1,696,857$1,566,612$2,190,203
53$2,386,959$1,736,447$1,575,538$2,331,561
54$2,585,501$1,776,606$1,583,391$2,485,232
55$2,802,880$1,817,317$1,590,092$2,652,425
56$3,040,971$1,858,562$1,595,557$2,834,471
57$3,301,841$1,900,324$1,599,700$3,032,836
58$3,587,768$1,942,578$1,602,429$3,249,136
59$3,901,256$1,985,300$1,603,646$3,485,148
60$4,245,068$2,028,464$1,603,252$3,742,835
61$4,622,244$2,072,038$1,601,140$4,024,355
62$5,036,133$2,115,988$1,597,199$4,332,086
63$5,490,426$2,160,278$1,591,312$4,668,651
64$5,989,185$2,204,868$1,583,357$5,036,937
65$6,536,888$2,249,713$1,573,205$5,440,127
66$7,138,467$2,294,764$1,560,723$5,881,725
67$7,799,352$2,339,970$1,545,770$6,365,595
68$8,525,531$2,385,273$1,528,197$6,895,995
69$9,323,594$2,430,611$1,507,852$7,477,614
70$10,200,807$2,475,917$1,484,571$8,115,621
71$11,165,171$2,521,118$1,458,185$8,815,713
72$12,225,502$2,566,137$1,428,518$9,584,164
73$13,391,514$2,610,888$1,395,384$10,427,893
74$14,673,908$2,655,281$1,358,589$11,354,520
75$16,084,474$2,699,217$1,317,930$12,372,444
76$17,636,204$2,742,592$1,273,194$13,490,922
77$19,343,410$2,785,293$1,224,159$14,720,154
78$21,221,863$2,827,198$1,170,594$16,071,380
79$23,288,940$2,868,177$1,112,255$17,556,988
80$25,563,785$2,908,091$1,048,889$19,190,630
81$28,067,495$2,946,791$980,230$20,987,350
82$30,823,313$2,984,117$906,002$22,963,728
83$33,856,852$3,019,901$825,914$25,138,035
84$37,196,334$3,053,958$739,665$27,530,409
85$40,872,854$3,086,097$646,938$30,163,039
86$44,920,678$3,116,108$547,403$33,060,382
87$49,377,562$3,143,772$440,716$36,249,390
88$54,285,110$3,168,853$326,517$39,759,764
89$59,689,165$3,191,101$204,429$43,624,238
90$65,640,244$3,210,249$74,061$47,878,887
91$72,194,010$3,226,013$0$52,563,466
92$79,411,802$3,238,090$0$57,728,732
93$87,361,210$3,246,161$0$63,424,910
94$96,116,714$3,249,883$0$69,697,352
95$105,760,386$3,248,895$0$76,604,750
96$116,382,665$3,242,810$0$84,211,785
97$128,083,210$3,231,221$0$92,589,735
98$140,971,841$3,213,694$0$101,817,149
99$155,169,573$3,189,769$0$111,980,591
100$170,809,759$3,158,957$0$123,175,453