Can I retire at age 48 with 1,520,000?

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 $1,520,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$125,520$124,402$123,311$122,247$121,207$120,242
2 years$62,139$60,981$59,860$58,772$57,718$56,745
3 years$41,014$39,852$38,733$37,656$36,618$35,668
4 years$30,454$29,295$28,188$27,129$26,117$25,196
5 years$24,120$22,968$21,875$20,838$19,853$18,965
6 years$19,898$18,755$17,678$16,664$15,709$14,854
7 years$16,884$15,751$14,691$13,700$12,776$11,955
8 years$14,624$13,501$12,459$11,493$10,599$9,812
9 years$12,868$11,755$10,731$9,789$8,926$8,172
10 years$11,463$10,362$9,355$8,439$7,605$6,885
11 years$10,315$9,224$8,236$7,344$6,541$5,853
12 years$9,359$8,279$7,310$6,442$5,668$5,013
13 years$8,550$7,482$6,531$5,687$4,943$4,319
14 years$7,858$6,801$5,868$5,048$4,333$3,740
15 years$7,258$6,213$5,298$4,502$3,815$3,251
16 years$6,734$5,700$4,803$4,031$3,372$2,837
17 years$6,272$5,250$4,371$3,622$2,989$2,483
18 years$5,862$4,851$3,990$3,264$2,658$2,179
19 years$5,495$4,496$3,653$2,950$2,369$1,916
20 years$5,166$4,178$3,352$2,671$2,116$1,688
21 years$4,868$3,891$3,083$2,424$1,894$1,490
22 years$4,598$3,632$2,842$2,204$1,698$1,317
23 years$4,352$3,397$2,624$2,008$1,524$1,166
24 years$4,126$3,183$2,427$1,831$1,370$1,033
25 years$3,919$2,987$2,248$1,672$1,232$916
26 years$3,728$2,807$2,084$1,529$1,110$813
27 years$3,551$2,642$1,936$1,399$1,001$722
28 years$3,388$2,490$1,799$1,282$903$642
29 years$3,236$2,349$1,675$1,176$815$571
30 years$3,094$2,218$1,560$1,079$737$508
31 years$2,962$2,097$1,454$991$666$452
32 years$2,838$1,984$1,357$911$603$403
33 years$2,722$1,879$1,267$838$545$359
34 years$2,613$1,781$1,184$771$494$320
35 years$2,511$1,689$1,107$709$447$285
36 years$2,414$1,603$1,035$653$405$254
37 years$2,323$1,523$969$602$367$227
38 years$2,237$1,447$907$555$333$202
39 years$2,155$1,376$850$512$302$181
40 years$2,078$1,309$797$472$274$161
41 years$2,005$1,246$747$435$248$144
42 years$1,935$1,187$701$402$225$128
43 years$1,869$1,131$658$371$205$115
44 years$1,806$1,078$617$342$186$102
45 years$1,746$1,028$580$316$169$91
46 years$1,689$981$544$292$153$82
47 years$1,634$936$511$270$139$73
48 years$1,582$893$481$249$126$65
49 years$1,532$853$452$231$115$58
50 years$1,484$815$425$213$104$52

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,520,000, adding $3,196 every year, while hoping to spend $38,306 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: 46/48/6 Blend
47$1,520,000$1,520,000$1,520,000$1,520,000
48$1,678,337$1,597,777$1,574,217$1,752,673
49$1,808,770$1,635,310$1,586,196$1,841,626
50$1,951,223$1,673,400$1,597,292$1,933,798
51$2,106,882$1,712,031$1,607,436$2,032,881
52$2,277,053$1,751,189$1,616,554$2,139,526
53$2,463,172$1,790,856$1,624,568$2,254,445
54$2,666,822$1,831,015$1,631,397$2,378,429
55$2,889,744$1,871,641$1,636,955$2,512,342
56$3,133,859$1,912,712$1,641,154$2,657,141
57$3,401,277$1,954,200$1,643,898$2,813,877
58$3,694,328$1,996,076$1,645,088$2,983,708
59$4,015,572$2,038,306$1,644,621$3,167,911
60$4,367,832$2,080,855$1,642,388$3,367,892
61$4,754,217$2,123,683$1,638,274$3,585,198
62$5,178,151$2,166,747$1,632,160$3,821,538
63$5,643,404$2,210,000$1,623,919$4,078,791
64$6,154,131$2,253,390$1,613,421$4,359,029
65$6,714,909$2,296,862$1,600,526$4,664,536
66$7,330,776$2,340,355$1,585,091$4,997,827
67$8,007,287$2,383,805$1,566,963$5,361,675
68$8,750,559$2,427,139$1,545,985$5,759,136
69$9,567,330$2,470,283$1,521,989$6,193,577
70$10,465,024$2,513,153$1,494,802$6,668,709
71$11,451,820$2,555,662$1,464,242$7,188,623
72$12,536,730$2,597,713$1,430,119$7,757,828
73$13,729,681$2,639,205$1,392,232$8,381,291
74$15,041,610$2,680,028$1,350,373$9,064,489
75$16,484,568$2,720,063$1,304,324$9,813,458
76$18,071,832$2,759,184$1,253,857$10,634,851
77$19,818,031$2,797,257$1,198,734$11,536,001
78$21,739,283$2,834,135$1,138,704$12,524,990
79$23,853,346$2,869,664$1,073,507$13,610,727
80$26,179,789$2,903,679$1,002,871$14,803,030
81$28,740,171$2,936,003$926,511$16,112,723
82$31,558,248$2,966,447$844,129$17,551,734
83$34,660,197$2,994,810$755,414$19,133,213
84$38,074,859$3,020,878$660,042$20,871,652
85$41,834,015$3,044,421$557,674$22,783,026
86$45,972,684$3,065,197$447,956$24,884,941
87$50,529,452$3,082,947$330,517$27,196,806
88$55,546,839$3,097,394$204,973$29,740,012
89$61,071,696$3,108,246$70,918$32,538,135
90$67,155,649$3,115,190$0$35,617,165
91$73,855,587$3,117,896$0$39,010,363
92$81,234,196$3,116,011$0$42,749,827
93$89,360,550$3,109,163$0$46,865,841
94$98,310,768$3,096,953$0$51,396,790
95$108,168,724$3,078,961$0$56,384,980
96$119,026,845$3,054,741$0$61,877,039
97$130,986,978$3,023,819$0$67,924,358
98$144,161,357$2,985,693$0$74,583,576
99$158,673,653$2,939,830$0$81,917,118
100$174,660,151$2,885,667$0$89,993,784