Can I retire at age 48 with 1,510,000?

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 $1,510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$124,694$123,584$122,500$121,442$120,410$118,415
2 years$61,730$60,580$59,466$58,386$57,338$55,334
3 years$40,744$39,590$38,478$37,408$36,377$34,427
4 years$30,254$29,103$28,002$26,951$25,945$24,062
5 years$23,961$22,817$21,731$20,701$19,723$17,914
6 years$19,767$18,632$17,562$16,554$15,606$13,873
7 years$16,773$15,647$14,594$13,610$12,692$11,035
8 years$14,528$13,412$12,377$11,417$10,529$8,949
9 years$12,783$11,678$10,660$9,725$8,867$7,362
10 years$11,388$10,293$9,294$8,383$7,555$6,124
11 years$10,247$9,164$8,182$7,296$6,498$5,139
12 years$9,297$8,225$7,261$6,399$5,631$4,342
13 years$8,494$7,433$6,488$5,650$4,910$3,690
14 years$7,806$6,756$5,829$5,015$4,304$3,151
15 years$7,211$6,172$5,263$4,473$3,790$2,701
16 years$6,690$5,663$4,772$4,005$3,349$2,323
17 years$6,231$5,215$4,342$3,598$2,970$2,003
18 years$5,823$4,819$3,964$3,243$2,641$1,731
19 years$5,459$4,466$3,629$2,930$2,354$1,500
20 years$5,132$4,150$3,330$2,654$2,102$1,301
21 years$4,836$3,866$3,063$2,408$1,881$1,130
22 years$4,568$3,608$2,823$2,190$1,686$983
23 years$4,323$3,375$2,607$1,994$1,514$856
24 years$4,099$3,162$2,411$1,819$1,361$746
25 years$3,893$2,967$2,233$1,661$1,224$651
26 years$3,703$2,789$2,071$1,519$1,103$568
27 years$3,528$2,625$1,923$1,390$994$496
28 years$3,365$2,473$1,788$1,274$897$434
29 years$3,214$2,333$1,664$1,168$810$379
30 years$3,074$2,204$1,549$1,072$732$332
31 years$2,942$2,083$1,445$985$662$290
32 years$2,819$1,971$1,348$905$599$254
33 years$2,704$1,867$1,258$832$542$223
34 years$2,596$1,769$1,176$766$491$195
35 years$2,494$1,678$1,099$705$444$171
36 years$2,398$1,593$1,028$649$403$150
37 years$2,308$1,513$963$598$365$131
38 years$2,222$1,438$901$551$331$115
39 years$2,141$1,367$844$508$300$101
40 years$2,064$1,301$792$469$272$88
41 years$1,992$1,238$742$433$247$77
42 years$1,922$1,179$696$399$224$68
43 years$1,857$1,123$653$368$203$59
44 years$1,794$1,071$613$340$184$52
45 years$1,734$1,021$576$314$167$46
46 years$1,678$974$541$290$152$40
47 years$1,623$930$508$268$138$35
48 years$1,571$887$477$248$125$31
49 years$1,522$847$449$229$114$27
50 years$1,474$809$422$212$103$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,510,000, adding $3,882 every year, while hoping to spend $40,020 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: 59/18/23 Blend
47$1,510,000$1,510,000$1,510,000$1,510,000
48$1,668,024$1,587,994$1,564,589$1,755,965
49$1,795,582$1,623,225$1,574,422$1,851,463
50$1,934,809$1,658,841$1,583,243$1,950,910
51$2,086,854$1,694,818$1,590,976$2,058,504
52$2,252,980$1,731,131$1,597,540$2,175,043
53$2,434,579$1,767,752$1,602,853$2,301,405
54$2,633,182$1,804,648$1,606,825$2,438,560
55$2,850,477$1,841,786$1,609,364$2,587,577
56$3,088,320$1,879,128$1,610,372$2,749,633
57$3,348,757$1,916,633$1,609,748$2,926,024
58$3,634,039$1,954,257$1,607,383$3,118,183
59$3,946,647$1,991,952$1,603,167$3,327,686
60$4,289,312$2,029,664$1,596,980$3,556,270
61$4,665,042$2,067,338$1,588,699$3,805,852
62$5,077,150$2,104,912$1,578,194$4,078,544
63$5,529,286$2,142,319$1,565,330$4,376,673
64$6,025,470$2,179,489$1,549,965$4,702,806
65$6,570,128$2,216,345$1,531,949$5,059,773
66$7,168,138$2,252,803$1,511,127$5,450,690
67$7,824,873$2,288,775$1,487,335$5,878,997
68$8,546,251$2,324,166$1,460,401$6,348,483
69$9,338,791$2,358,873$1,430,147$6,863,324
70$10,209,677$2,392,786$1,396,386$7,428,126
71$11,166,820$2,425,789$1,358,921$8,047,964
72$12,218,938$2,457,755$1,317,547$8,728,435
73$13,375,634$2,488,550$1,272,050$9,475,706
74$14,647,491$2,518,030$1,222,205$10,296,576
75$16,046,164$2,546,043$1,167,778$11,198,541
76$17,584,498$2,572,424$1,108,524$12,189,861
77$19,276,642$2,596,999$1,044,185$13,279,644
78$21,138,190$2,619,582$974,495$14,477,929
79$23,186,318$2,639,974$899,174$15,795,780
80$25,439,954$2,657,964$817,928$17,245,394
81$27,919,953$2,673,328$730,452$18,840,216
82$30,649,293$2,685,826$636,427$20,595,066
83$33,653,293$2,695,204$535,520$22,526,278
84$36,959,851$2,701,191$427,382$24,651,856
85$40,599,707$2,703,500$311,650$26,991,648
86$44,606,731$2,701,826$187,944$29,567,528
87$49,018,246$2,695,844$55,869$32,403,606
88$53,875,377$2,685,210$0$35,526,460
89$59,223,439$2,669,559$0$38,986,259
90$65,112,366$2,648,504$0$42,810,399
91$71,597,180$2,621,633$0$47,020,851
92$78,738,511$2,588,511$0$51,656,953
93$86,603,167$2,548,677$0$56,762,054
94$95,264,769$2,501,640$0$62,383,927
95$104,804,438$2,446,883$0$68,575,218
96$115,311,567$2,383,857$0$75,393,944
97$126,884,661$2,311,980$0$82,904,039
98$139,632,267$2,230,638$0$91,175,961
99$153,673,998$2,139,179$0$100,287,358
100$169,141,662$2,036,915$0$110,323,796