Can I retire at age 48 with 1,500,000?

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 $1,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$123,869$122,765$121,689$120,638$119,612$115,876
2 years$61,321$60,179$59,072$57,999$56,958$53,227
3 years$40,475$39,328$38,224$37,161$36,137$32,528
4 years$30,053$28,910$27,817$26,772$25,773$22,314
5 years$23,802$22,666$21,587$20,564$19,592$16,293
6 years$19,636$18,508$17,446$16,445$15,503$12,366
7 years$16,662$15,543$14,497$13,520$12,608$9,633
8 years$14,432$13,323$12,295$11,342$10,459$7,644
9 years$12,698$11,600$10,590$9,661$8,808$6,150
10 years$11,312$10,225$9,232$8,328$7,505$5,000
11 years$10,179$9,103$8,128$7,247$6,455$4,098
12 years$9,236$8,170$7,213$6,357$5,593$3,380
13 years$8,438$7,384$6,445$5,612$4,878$2,802
14 years$7,754$6,711$5,791$4,982$4,276$2,333
15 years$7,163$6,131$5,228$4,443$3,765$1,949
16 years$6,646$5,625$4,740$3,978$3,327$1,632
17 years$6,190$5,181$4,313$3,574$2,950$1,370
18 years$5,785$4,787$3,937$3,221$2,623$1,153
19 years$5,423$4,437$3,605$2,911$2,338$971
20 years$5,098$4,123$3,308$2,636$2,088$819
21 years$4,804$3,840$3,043$2,393$1,869$692
22 years$4,537$3,585$2,804$2,175$1,675$585
23 years$4,294$3,353$2,589$1,981$1,504$495
24 years$4,072$3,141$2,395$1,807$1,352$419
25 years$3,867$2,948$2,218$1,650$1,216$355
26 years$3,679$2,770$2,057$1,509$1,096$301
27 years$3,505$2,607$1,910$1,381$988$255
28 years$3,343$2,457$1,776$1,265$891$216
29 years$3,193$2,318$1,652$1,160$805$183
30 years$3,053$2,189$1,539$1,065$727$156
31 years$2,923$2,069$1,435$978$657$132
32 years$2,801$1,958$1,339$899$595$112
33 years$2,686$1,854$1,250$827$538$95
34 years$2,579$1,757$1,168$761$487$81
35 years$2,478$1,667$1,092$700$441$69
36 years$2,382$1,582$1,022$645$400$58
37 years$2,292$1,503$956$594$362$49
38 years$2,207$1,428$895$548$329$42
39 years$2,127$1,358$839$505$298$36
40 years$2,051$1,292$786$466$270$30
41 years$1,978$1,230$737$430$245$26
42 years$1,910$1,171$692$397$222$22
43 years$1,844$1,116$649$366$202$19
44 years$1,782$1,064$609$338$183$16
45 years$1,723$1,014$572$312$166$13
46 years$1,666$968$537$288$151$11
47 years$1,613$923$505$266$137$10
48 years$1,561$882$474$246$125$8
49 years$1,512$842$446$227$113$7
50 years$1,465$804$419$210$103$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,500,000, adding $5,230 every year, while hoping to spend $37,437 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: 23/47/30 Blend
47$1,500,000$1,500,000$1,500,000$1,500,000
48$1,658,395$1,578,895$1,555,645$1,680,802
49$1,787,718$1,616,428$1,567,926$1,738,450
50$1,928,978$1,654,545$1,579,364$1,796,664
51$2,083,352$1,693,237$1,589,891$1,858,205
52$2,252,138$1,732,488$1,599,436$1,923,372
53$2,436,762$1,772,287$1,607,923$1,992,498
54$2,638,797$1,812,614$1,615,275$2,065,949
55$2,859,975$1,853,453$1,621,407$2,144,127
56$3,102,202$1,894,782$1,626,233$2,227,480
57$3,367,577$1,936,576$1,629,662$2,316,499
58$3,658,412$1,978,811$1,631,598$2,411,728
59$3,977,253$2,021,456$1,631,940$2,513,767
60$4,326,906$2,064,480$1,630,583$2,623,278
61$4,710,458$2,107,847$1,627,415$2,740,992
62$5,131,312$2,151,519$1,622,321$2,867,716
63$5,593,215$2,195,452$1,615,178$3,004,343
64$6,100,295$2,239,602$1,605,859$3,151,854
65$6,657,100$2,283,917$1,594,229$3,311,338
66$7,268,638$2,328,342$1,580,150$3,483,993
67$7,940,426$2,372,819$1,563,472$3,671,142
68$8,678,545$2,417,282$1,544,044$3,874,247
69$9,489,690$2,461,662$1,521,702$4,094,921
70$10,381,238$2,505,883$1,496,279$4,334,945
71$11,361,318$2,549,865$1,467,598$4,596,284
72$12,438,883$2,593,519$1,435,473$4,881,107
73$13,623,799$2,636,752$1,399,712$5,191,808
74$14,926,936$2,679,462$1,360,112$5,531,029
75$16,360,268$2,721,541$1,316,460$5,901,687
76$17,936,990$2,762,870$1,268,536$6,307,000
77$19,671,638$2,803,327$1,216,107$6,750,519
78$21,580,231$2,842,775$1,158,932$7,236,162
79$23,680,416$2,881,072$1,096,758$7,768,253
80$25,991,638$2,918,064$1,029,319$8,351,565
81$28,535,323$2,953,588$956,339$8,991,359
82$31,335,079$2,987,466$877,529$9,693,445
83$34,416,918$3,019,513$792,588$10,464,229
84$37,809,503$3,049,529$701,199$11,310,781
85$41,544,417$3,077,301$603,034$12,240,898
86$45,656,460$3,102,601$497,748$13,263,183
87$50,183,978$3,125,188$384,982$14,387,124
88$55,169,226$3,144,804$264,361$15,623,189
89$60,658,763$3,161,175$135,493$16,982,921
90$66,703,895$3,174,011$0$18,479,055
91$73,361,155$3,183,001$0$20,126,285
92$80,692,840$3,187,815$0$21,985,777
93$88,767,596$3,188,103$0$24,031,340
94$97,661,065$3,183,495$0$26,281,961
95$107,456,602$3,173,595$0$28,758,573
96$118,246,058$3,157,984$0$31,484,247
97$130,130,649$3,136,218$0$34,484,417
98$143,221,908$3,107,825$0$37,787,120
99$157,642,740$3,072,306$0$41,423,258
100$173,528,582$3,029,131$0$45,426,897