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%18.2%
1 years$123,869$122,765$121,689$120,638$119,612$115,644
2 years$61,321$60,179$59,072$57,999$56,958$52,999
3 years$40,475$39,328$38,224$37,161$36,137$32,311
4 years$30,053$28,910$27,817$26,772$25,773$22,110
5 years$23,802$22,666$21,587$20,564$19,592$16,101
6 years$19,636$18,508$17,446$16,445$15,503$12,186
7 years$16,662$15,543$14,497$13,520$12,608$9,466
8 years$14,432$13,323$12,295$11,342$10,459$7,490
9 years$12,698$11,600$10,590$9,661$8,808$6,007
10 years$11,312$10,225$9,232$8,328$7,505$4,868
11 years$10,179$9,103$8,128$7,247$6,455$3,977
12 years$9,236$8,170$7,213$6,357$5,593$3,270
13 years$8,438$7,384$6,445$5,612$4,878$2,702
14 years$7,754$6,711$5,791$4,982$4,276$2,241
15 years$7,163$6,131$5,228$4,443$3,765$1,866
16 years$6,646$5,625$4,740$3,978$3,327$1,557
17 years$6,190$5,181$4,313$3,574$2,950$1,302
18 years$5,785$4,787$3,937$3,221$2,623$1,092
19 years$5,423$4,437$3,605$2,911$2,338$916
20 years$5,098$4,123$3,308$2,636$2,088$770
21 years$4,804$3,840$3,043$2,393$1,869$648
22 years$4,537$3,585$2,804$2,175$1,675$545
23 years$4,294$3,353$2,589$1,981$1,504$460
24 years$4,072$3,141$2,395$1,807$1,352$388
25 years$3,867$2,948$2,218$1,650$1,216$327
26 years$3,679$2,770$2,057$1,509$1,096$276
27 years$3,505$2,607$1,910$1,381$988$233
28 years$3,343$2,457$1,776$1,265$891$197
29 years$3,193$2,318$1,652$1,160$805$166
30 years$3,053$2,189$1,539$1,065$727$140
31 years$2,923$2,069$1,435$978$657$119
32 years$2,801$1,958$1,339$899$595$100
33 years$2,686$1,854$1,250$827$538$85
34 years$2,579$1,757$1,168$761$487$72
35 years$2,478$1,667$1,092$700$441$61
36 years$2,382$1,582$1,022$645$400$51
37 years$2,292$1,503$956$594$362$43
38 years$2,207$1,428$895$548$329$37
39 years$2,127$1,358$839$505$298$31
40 years$2,051$1,292$786$466$270$26
41 years$1,978$1,230$737$430$245$22
42 years$1,910$1,171$692$397$222$19
43 years$1,844$1,116$649$366$202$16
44 years$1,782$1,064$609$338$183$13
45 years$1,723$1,014$572$312$166$11
46 years$1,666$968$537$288$151$10
47 years$1,613$923$505$266$137$8
48 years$1,561$882$474$246$125$7
49 years$1,512$842$446$227$113$6
50 years$1,465$804$419$210$103$5

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 $4,417 every year, while hoping to spend $26,628 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: 50/32/18 Blend
47$1,500,000$1,500,000$1,500,000$1,500,000
48$1,657,556$1,578,056$1,554,806$1,731,945
49$1,798,295$1,627,049$1,578,560$1,832,748
50$1,952,497$1,677,550$1,602,217$1,939,131
51$2,121,506$1,729,605$1,625,747$2,054,173
52$2,306,805$1,783,261$1,649,115$2,178,700
53$2,510,025$1,838,567$1,672,286$2,313,621
54$2,732,963$1,895,572$1,695,223$2,459,936
55$2,977,599$1,954,328$1,717,887$2,618,746
56$3,246,113$2,014,889$1,740,234$2,791,261
57$3,540,906$2,077,308$1,762,222$2,978,816
58$3,864,624$2,141,642$1,783,802$3,182,878
59$4,220,182$2,207,949$1,804,925$3,405,064
60$4,610,789$2,276,287$1,825,539$3,647,152
61$5,039,984$2,346,719$1,845,589$3,911,101
62$5,511,661$2,419,307$1,865,015$4,199,070
63$6,030,114$2,494,116$1,883,756$4,513,433
64$6,600,071$2,571,214$1,901,748$4,856,806
65$7,226,742$2,650,668$1,918,921$5,232,072
66$7,915,869$2,732,549$1,935,203$5,642,402
67$8,673,774$2,816,930$1,950,519$6,091,292
68$9,507,426$2,903,887$1,964,788$6,582,591
69$10,424,501$2,993,495$1,977,927$7,120,541
70$11,433,459$3,085,835$1,989,846$7,709,811
71$12,543,619$3,180,988$2,000,452$8,355,548
72$13,765,249$3,279,037$2,009,649$9,063,418
73$15,109,664$3,380,070$2,017,332$9,839,667
74$16,589,331$3,484,175$2,023,394$10,691,174
75$18,217,986$3,591,443$2,027,721$11,625,517
76$20,010,765$3,701,968$2,030,194$12,651,044
77$21,984,346$3,815,847$2,030,688$13,776,956
78$24,157,105$3,933,179$2,029,072$15,013,386
79$26,549,292$4,054,067$2,025,208$16,371,502
80$29,183,219$4,178,616$2,018,951$17,863,604
81$32,083,472$4,306,933$2,010,151$19,503,250
82$35,277,143$4,439,130$1,998,648$21,305,374
83$38,794,085$4,575,321$1,984,277$23,286,433
84$42,667,194$4,715,623$1,966,862$25,464,559
85$46,932,717$4,860,158$1,946,221$27,859,732
86$51,630,598$5,009,050$1,922,164$30,493,968
87$56,804,852$5,162,426$1,894,488$33,391,522
88$62,503,978$5,320,417$1,862,986$36,579,126
89$68,781,425$5,483,157$1,827,436$40,086,232
90$75,696,085$5,650,787$1,787,610$43,945,295
91$83,312,858$5,823,448$1,743,267$48,192,078
92$91,703,258$6,001,285$1,694,155$52,865,987
93$100,946,092$6,184,450$1,640,012$58,010,448
94$111,128,202$6,373,097$1,580,561$63,673,310
95$122,345,285$6,567,384$1,515,515$69,907,302
96$134,702,792$6,767,475$1,444,574$76,770,528
97$148,316,932$6,973,536$1,367,422$84,327,016
98$163,315,759$7,185,739$1,283,730$92,647,321
99$179,840,387$7,404,262$1,193,156$101,809,191
100$198,046,320$7,629,283$1,095,340$111,898,305