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%16.7%
1 years$123,869$122,765$121,689$120,638$119,612$116,343
2 years$61,321$60,179$59,072$57,999$56,958$53,689
3 years$40,475$39,328$38,224$37,161$36,137$32,969
4 years$30,053$28,910$27,817$26,772$25,773$22,731
5 years$23,802$22,666$21,587$20,564$19,592$16,685
6 years$19,636$18,508$17,446$16,445$15,503$12,733
7 years$16,662$15,543$14,497$13,520$12,608$9,975
8 years$14,432$13,323$12,295$11,342$10,459$7,963
9 years$12,698$11,600$10,590$9,661$8,808$6,445
10 years$11,312$10,225$9,232$8,328$7,505$5,273
11 years$10,179$9,103$8,128$7,247$6,455$4,349
12 years$9,236$8,170$7,213$6,357$5,593$3,611
13 years$8,438$7,384$6,445$5,612$4,878$3,014
14 years$7,754$6,711$5,791$4,982$4,276$2,527
15 years$7,163$6,131$5,228$4,443$3,765$2,126
16 years$6,646$5,625$4,740$3,978$3,327$1,793
17 years$6,190$5,181$4,313$3,574$2,950$1,517
18 years$5,785$4,787$3,937$3,221$2,623$1,285
19 years$5,423$4,437$3,605$2,911$2,338$1,091
20 years$5,098$4,123$3,308$2,636$2,088$927
21 years$4,804$3,840$3,043$2,393$1,869$789
22 years$4,537$3,585$2,804$2,175$1,675$672
23 years$4,294$3,353$2,589$1,981$1,504$573
24 years$4,072$3,141$2,395$1,807$1,352$489
25 years$3,867$2,948$2,218$1,650$1,216$418
26 years$3,679$2,770$2,057$1,509$1,096$357
27 years$3,505$2,607$1,910$1,381$988$305
28 years$3,343$2,457$1,776$1,265$891$261
29 years$3,193$2,318$1,652$1,160$805$223
30 years$3,053$2,189$1,539$1,065$727$191
31 years$2,923$2,069$1,435$978$657$163
32 years$2,801$1,958$1,339$899$595$140
33 years$2,686$1,854$1,250$827$538$120
34 years$2,579$1,757$1,168$761$487$102
35 years$2,478$1,667$1,092$700$441$88
36 years$2,382$1,582$1,022$645$400$75
37 years$2,292$1,503$956$594$362$64
38 years$2,207$1,428$895$548$329$55
39 years$2,127$1,358$839$505$298$47
40 years$2,051$1,292$786$466$270$40
41 years$1,978$1,230$737$430$245$35
42 years$1,910$1,171$692$397$222$30
43 years$1,844$1,116$649$366$202$25
44 years$1,782$1,064$609$338$183$22
45 years$1,723$1,014$572$312$166$19
46 years$1,666$968$537$288$151$16
47 years$1,613$923$505$266$137$14
48 years$1,561$882$474$246$125$12
49 years$1,512$842$446$227$113$10
50 years$1,465$804$419$210$103$9

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 $2,651 every year, while hoping to spend $51,747 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: 34/41/25 Blend
47$1,500,000$1,500,000$1,500,000$1,500,000
48$1,655,735$1,576,235$1,552,985$1,699,373
49$1,769,561$1,598,412$1,549,951$1,754,425
50$1,893,263$1,619,941$1,545,082$1,808,885
51$2,027,795$1,640,736$1,538,260$1,866,586
52$2,174,203$1,660,705$1,529,365$1,927,848
53$2,333,641$1,679,750$1,518,268$1,993,030
54$2,507,378$1,697,763$1,504,836$2,062,527
55$2,696,812$1,714,635$1,488,929$2,136,778
56$2,903,478$1,730,243$1,470,400$2,216,270
57$3,129,070$1,744,462$1,449,095$2,301,541
58$3,375,449$1,757,155$1,424,854$2,393,191
59$3,644,667$1,768,177$1,397,508$2,491,881
60$3,938,979$1,777,374$1,366,881$2,598,346
61$4,260,872$1,784,583$1,332,789$2,713,398
62$4,613,082$1,789,628$1,295,038$2,837,939
63$4,998,621$1,792,325$1,253,427$2,972,965
64$5,420,808$1,792,476$1,207,744$3,119,582
65$5,883,297$1,789,874$1,157,770$3,279,010
66$6,390,110$1,784,295$1,103,272$3,452,602
67$6,945,680$1,775,505$1,044,011$3,641,857
68$7,554,888$1,763,252$979,733$3,848,428
69$8,223,108$1,747,273$910,176$4,074,150
70$8,956,262$1,727,286$835,064$4,321,049
71$9,760,871$1,702,994$754,109$4,591,365
72$10,644,118$1,674,079$667,010$4,887,577
73$11,613,918$1,640,209$573,454$5,212,425
74$12,678,986$1,601,027$473,114$5,568,938
75$13,848,926$1,556,161$365,646$5,960,465
76$15,134,314$1,505,211$250,693$6,390,706
77$16,546,806$1,447,758$127,883$6,863,750
78$18,099,239$1,383,356$0$7,384,116
79$19,805,756$1,311,536$0$7,957,644
80$21,681,941$1,231,798$0$8,625,460
81$23,744,960$1,143,618$0$9,359,621
82$26,013,729$1,046,438$0$10,166,974
83$28,509,085$939,669$0$11,055,072
84$31,253,989$822,691$0$12,032,249
85$34,273,739$694,845$0$13,107,701
86$37,596,206$555,439$0$14,291,572
87$41,252,101$403,737$0$15,595,050
88$45,275,261$238,966$0$17,030,481
89$49,702,970$60,308$0$18,611,481
90$54,576,309$0$0$20,353,070
91$59,940,543$0$0$22,331,864
92$65,845,548$0$0$24,540,362
93$72,346,283$0$0$26,971,942
94$79,503,304$0$0$29,649,289
95$87,383,339$0$0$32,597,402
96$96,059,914$0$0$35,843,825
97$105,614,050$0$0$39,418,909
98$116,135,021$0$0$43,356,101
99$127,721,205$0$0$47,692,255
100$140,481,003$0$0$52,467,983