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%19.7%
1 years$123,869$122,765$121,689$120,638$119,612$114,957
2 years$61,321$60,179$59,072$57,999$56,958$52,325
3 years$40,475$39,328$38,224$37,161$36,137$31,670
4 years$30,053$28,910$27,817$26,772$25,773$21,508
5 years$23,802$22,666$21,587$20,564$19,592$15,539
6 years$19,636$18,508$17,446$16,445$15,503$11,665
7 years$16,662$15,543$14,497$13,520$12,608$8,983
8 years$14,432$13,323$12,295$11,342$10,459$7,045
9 years$12,698$11,600$10,590$9,661$8,808$5,599
10 years$11,312$10,225$9,232$8,328$7,505$4,495
11 years$10,179$9,103$8,128$7,247$6,455$3,636
12 years$9,236$8,170$7,213$6,357$5,593$2,959
13 years$8,438$7,384$6,445$5,612$4,878$2,420
14 years$7,754$6,711$5,791$4,982$4,276$1,987
15 years$7,163$6,131$5,228$4,443$3,765$1,636
16 years$6,646$5,625$4,740$3,978$3,327$1,351
17 years$6,190$5,181$4,313$3,574$2,950$1,118
18 years$5,785$4,787$3,937$3,221$2,623$926
19 years$5,423$4,437$3,605$2,911$2,338$769
20 years$5,098$4,123$3,308$2,636$2,088$639
21 years$4,804$3,840$3,043$2,393$1,869$531
22 years$4,537$3,585$2,804$2,175$1,675$442
23 years$4,294$3,353$2,589$1,981$1,504$368
24 years$4,072$3,141$2,395$1,807$1,352$307
25 years$3,867$2,948$2,218$1,650$1,216$256
26 years$3,679$2,770$2,057$1,509$1,096$213
27 years$3,505$2,607$1,910$1,381$988$178
28 years$3,343$2,457$1,776$1,265$891$148
29 years$3,193$2,318$1,652$1,160$805$124
30 years$3,053$2,189$1,539$1,065$727$103
31 years$2,923$2,069$1,435$978$657$86
32 years$2,801$1,958$1,339$899$595$72
33 years$2,686$1,854$1,250$827$538$60
34 years$2,579$1,757$1,168$761$487$50
35 years$2,478$1,667$1,092$700$441$42
36 years$2,382$1,582$1,022$645$400$35
37 years$2,292$1,503$956$594$362$29
38 years$2,207$1,428$895$548$329$24
39 years$2,127$1,358$839$505$298$20
40 years$2,051$1,292$786$466$270$17
41 years$1,978$1,230$737$430$245$14
42 years$1,910$1,171$692$397$222$12
43 years$1,844$1,116$649$366$202$10
44 years$1,782$1,064$609$338$183$8
45 years$1,723$1,014$572$312$166$7
46 years$1,666$968$537$288$151$6
47 years$1,613$923$505$266$137$5
48 years$1,561$882$474$246$125$4
49 years$1,512$842$446$227$113$3
50 years$1,465$804$419$210$103$3

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 $2,288 every year, while hoping to spend $32,204 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: 43/34/23 Blend
47$1,500,000$1,500,000$1,500,000$1,500,000
48$1,655,360$1,575,860$1,552,610$1,715,357
49$1,789,942$1,618,812$1,570,358$1,801,167
50$1,937,172$1,662,790$1,587,621$1,890,796
51$2,098,306$1,707,809$1,604,348$1,987,259
52$2,274,727$1,753,886$1,620,488$2,091,207
53$2,467,959$1,801,036$1,635,984$2,203,353
54$2,679,678$1,849,274$1,650,777$2,324,482
55$2,911,733$1,898,616$1,664,805$2,455,462
56$3,166,157$1,949,075$1,678,003$2,597,247
57$3,445,191$2,000,666$1,690,303$2,750,885
58$3,751,303$2,053,402$1,701,631$2,917,535
59$4,087,212$2,107,294$1,711,911$3,098,471
60$4,455,912$2,162,356$1,721,064$3,295,098
61$4,860,701$2,218,597$1,729,006$3,508,962
62$5,305,212$2,276,028$1,735,648$3,741,767
63$5,793,448$2,334,658$1,740,896$3,995,391
64$6,329,818$2,394,495$1,744,655$4,271,904
65$6,919,180$2,455,545$1,746,821$4,573,585
66$7,566,883$2,517,814$1,747,286$4,902,946
67$8,278,823$2,581,305$1,745,938$5,262,755
68$9,061,495$2,646,021$1,742,659$5,656,063
69$9,922,054$2,711,962$1,737,325$6,086,230
70$10,868,383$2,779,127$1,729,804$6,556,962
71$11,909,167$2,847,514$1,719,962$7,072,341
72$13,053,976$2,917,116$1,707,654$7,636,864
73$14,313,352$2,987,925$1,692,732$8,255,490
74$15,698,913$3,059,933$1,675,037$8,933,683
75$17,223,458$3,133,125$1,654,406$9,677,464
76$18,901,088$3,207,486$1,630,667$10,493,470
77$20,747,343$3,282,997$1,603,638$11,389,013
78$22,779,344$3,359,636$1,573,132$12,372,156
79$25,015,956$3,437,377$1,538,951$13,451,780
80$27,477,966$3,516,190$1,500,888$14,637,676
81$30,188,278$3,596,043$1,458,727$15,940,635
82$33,172,129$3,676,896$1,412,242$17,372,549
83$36,457,330$3,758,708$1,361,195$18,946,525
84$40,074,524$3,841,430$1,305,341$20,677,006
85$44,057,475$3,925,010$1,244,419$22,579,913
86$48,443,390$4,009,388$1,178,161$24,672,793
87$53,273,269$4,094,501$1,106,282$26,974,981
88$58,592,288$4,180,277$1,028,488$29,507,792
89$64,450,229$4,266,638$944,470$32,294,712
90$70,901,947$4,353,499$853,905$35,361,631
91$78,007,892$4,440,767$756,457$38,737,077
92$85,834,673$4,528,340$651,774$42,452,497
93$94,455,689$4,616,108$539,488$46,542,543
94$103,951,824$4,703,952$419,216$51,045,411
95$114,412,207$4,791,743$290,556$56,003,194
96$125,935,055$4,879,340$153,092$61,462,284
97$138,628,595$4,966,593$6,386$67,473,808
98$152,612,094$5,053,339$0$74,094,116
99$168,016,977$5,139,401$0$81,422,164
100$184,988,069$5,224,592$0$89,493,607