Can I retire at age 48 with 1,480,000?

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 $1,480,000?

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$122,217$121,128$120,066$119,030$118,017$114,931
2 years$60,503$59,377$58,285$57,226$56,199$53,111
3 years$39,935$38,803$37,714$36,665$35,655$32,661
4 years$29,653$28,525$27,446$26,415$25,429$22,553
5 years$23,485$22,364$21,299$20,289$19,331$16,580
6 years$19,375$18,262$17,213$16,226$15,296$12,674
7 years$16,440$15,336$14,304$13,340$12,440$9,946
8 years$14,239$13,146$12,131$11,191$10,320$7,953
9 years$12,529$11,446$10,448$9,532$8,691$6,449
10 years$11,162$10,089$9,109$8,217$7,405$5,286
11 years$10,044$8,982$8,020$7,151$6,369$4,368
12 years$9,112$8,061$7,117$6,272$5,519$3,634
13 years$8,325$7,285$6,359$5,537$4,813$3,040
14 years$7,651$6,622$5,713$4,916$4,219$2,553
15 years$7,067$6,049$5,158$4,384$3,714$2,153
16 years$6,557$5,550$4,677$3,925$3,283$1,820
17 years$6,107$5,111$4,256$3,527$2,911$1,543
18 years$5,708$4,723$3,885$3,178$2,588$1,310
19 years$5,351$4,377$3,556$2,872$2,307$1,115
20 years$5,030$4,068$3,264$2,601$2,061$950
21 years$4,740$3,789$3,002$2,361$1,844$810
22 years$4,477$3,537$2,767$2,146$1,653$692
23 years$4,237$3,308$2,555$1,955$1,484$591
24 years$4,017$3,099$2,363$1,783$1,334$506
25 years$3,816$2,909$2,188$1,628$1,200$433
26 years$3,630$2,734$2,030$1,489$1,081$371
27 years$3,458$2,573$1,885$1,363$975$318
28 years$3,299$2,424$1,752$1,248$879$272
29 years$3,151$2,287$1,630$1,145$794$233
30 years$3,013$2,160$1,519$1,051$717$200
31 years$2,884$2,042$1,416$965$649$172
32 years$2,763$1,932$1,321$887$587$147
33 years$2,650$1,829$1,233$816$531$126
34 years$2,544$1,734$1,152$750$481$108
35 years$2,445$1,645$1,077$691$435$93
36 years$2,351$1,561$1,008$636$395$80
37 years$2,262$1,483$943$586$358$69
38 years$2,178$1,409$883$540$324$59
39 years$2,099$1,340$828$498$294$51
40 years$2,023$1,275$776$459$267$43
41 years$1,952$1,213$727$424$242$37
42 years$1,884$1,156$682$391$220$32
43 years$1,820$1,101$640$361$199$28
44 years$1,758$1,050$601$333$181$24
45 years$1,700$1,001$564$308$164$20
46 years$1,644$955$530$284$149$17
47 years$1,591$911$498$263$135$15
48 years$1,540$870$468$243$123$13
49 years$1,492$831$440$224$112$11
50 years$1,445$793$414$207$101$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,480,000, adding $3,126 every year, while hoping to spend $27,359 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: 42/47/11 Blend
47$1,480,000$1,480,000$1,480,000$1,480,000
48$1,634,184$1,555,744$1,532,804$1,697,427
49$1,771,762$1,602,866$1,555,044$1,789,113
50$1,922,454$1,651,380$1,577,111$1,885,351
51$2,087,572$1,701,325$1,598,972$1,988,950
52$2,268,556$1,752,742$1,620,589$2,100,592
53$2,466,995$1,805,671$1,641,924$2,221,028
54$2,684,635$1,860,157$1,662,936$2,351,085
55$2,923,405$1,916,241$1,683,581$2,491,670
56$3,185,424$1,973,969$1,703,813$2,643,781
57$3,473,030$2,033,386$1,723,583$2,808,518
58$3,788,797$2,094,540$1,742,841$2,987,089
59$4,135,560$2,157,478$1,761,532$3,180,824
60$4,516,442$2,222,249$1,779,598$3,391,187
61$4,934,884$2,288,905$1,796,980$3,619,788
62$5,394,677$2,357,496$1,813,614$3,868,400
63$5,899,997$2,428,076$1,829,432$4,138,973
64$6,455,444$2,500,699$1,844,365$4,433,658
65$7,066,086$2,575,420$1,858,339$4,754,817
66$7,737,508$2,652,296$1,871,274$5,105,056
67$8,475,861$2,731,386$1,883,089$5,487,240
68$9,287,923$2,812,749$1,893,697$5,904,527
69$10,181,164$2,896,445$1,903,008$6,360,392
70$11,163,809$2,982,538$1,910,925$6,858,665
71$12,244,926$3,071,090$1,917,349$7,403,561
72$13,434,502$3,162,167$1,922,174$7,999,723
73$14,743,544$3,255,836$1,925,290$8,652,265
74$16,184,177$3,352,165$1,926,579$9,366,822
75$17,769,765$3,451,222$1,925,921$10,149,597
76$19,515,028$3,553,079$1,923,187$11,007,426
77$21,436,191$3,657,809$1,918,243$11,947,837
78$23,551,126$3,765,486$1,910,948$12,979,124
79$25,879,531$3,876,185$1,901,155$14,110,424
80$28,443,108$3,989,983$1,888,708$15,351,803
81$31,265,771$4,106,959$1,873,447$16,714,349
82$34,373,873$4,227,192$1,855,200$18,210,279
83$37,796,449$4,350,766$1,833,790$19,853,053
84$41,565,496$4,477,762$1,809,031$21,657,500
85$45,716,270$4,608,267$1,780,728$23,639,958
86$50,287,623$4,742,365$1,748,676$25,818,429
87$55,322,366$4,880,146$1,712,661$28,212,746
88$60,867,672$5,021,698$1,672,460$30,844,762
89$66,975,526$5,167,113$1,627,839$33,738,555
90$73,703,210$5,316,482$1,578,552$36,920,658
91$81,113,849$5,469,900$1,524,345$40,420,302
92$89,276,998$5,627,463$1,464,947$44,269,700
93$98,269,310$5,789,266$1,400,081$48,504,343
94$108,175,248$5,955,409$1,329,452$53,163,341
95$119,087,890$6,125,990$1,252,755$58,289,788
96$131,109,802$6,301,111$1,169,670$63,931,169
97$144,354,010$6,480,874$1,079,862$70,139,811
98$158,945,064$6,665,382$982,982$76,973,372
99$175,020,214$6,854,739$878,666$84,495,385
100$192,730,707$7,049,052$766,532$92,775,864