Can I retire at age 48 with 1,550,000?

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 $1,550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$127,998$126,857$125,745$124,659$123,599$119,072
2 years$63,365$62,185$61,041$59,932$58,857$54,346
3 years$41,824$40,639$39,498$38,399$37,341$32,989
4 years$31,055$29,874$28,744$27,664$26,632$22,471
5 years$24,596$23,421$22,307$21,249$20,245$16,287
6 years$20,291$19,125$18,027$16,993$16,019$12,266
7 years$17,217$16,061$14,981$13,971$13,028$9,479
8 years$14,913$13,768$12,705$11,720$10,808$7,460
9 years$13,122$11,987$10,943$9,983$9,102$5,951
10 years$11,690$10,566$9,540$8,605$7,755$4,795
11 years$10,519$9,406$8,399$7,489$6,670$3,895
12 years$9,543$8,443$7,454$6,569$5,780$3,183
13 years$8,719$7,630$6,659$5,799$5,040$2,614
14 years$8,013$6,935$5,984$5,148$4,418$2,155
15 years$7,402$6,335$5,402$4,591$3,890$1,782
16 years$6,867$5,813$4,898$4,111$3,438$1,478
17 years$6,396$5,353$4,457$3,694$3,048$1,228
18 years$5,978$4,947$4,069$3,329$2,711$1,022
19 years$5,604$4,584$3,725$3,008$2,416$852
20 years$5,268$4,260$3,418$2,724$2,158$711
21 years$4,964$3,968$3,144$2,472$1,931$594
22 years$4,689$3,704$2,898$2,248$1,731$497
23 years$4,437$3,464$2,676$2,047$1,554$416
24 years$4,207$3,246$2,475$1,867$1,397$348
25 years$3,996$3,046$2,292$1,705$1,257$291
26 years$3,801$2,863$2,126$1,559$1,132$244
27 years$3,621$2,694$1,974$1,427$1,021$205
28 years$3,455$2,539$1,835$1,308$921$172
29 years$3,300$2,395$1,708$1,199$832$144
30 years$3,155$2,262$1,591$1,100$751$121
31 years$3,020$2,138$1,483$1,011$679$101
32 years$2,894$2,023$1,383$929$615$85
33 years$2,776$1,916$1,292$854$556$71
34 years$2,665$1,816$1,207$786$504$60
35 years$2,560$1,722$1,128$723$456$50
36 years$2,462$1,635$1,056$666$413$42
37 years$2,369$1,553$988$614$374$35
38 years$2,281$1,476$925$566$340$30
39 years$2,198$1,403$867$522$308$25
40 years$2,119$1,335$813$481$279$21
41 years$2,044$1,271$762$444$253$18
42 years$1,973$1,210$715$410$230$15
43 years$1,906$1,153$671$378$209$12
44 years$1,842$1,099$629$349$189$10
45 years$1,780$1,048$591$323$172$9
46 years$1,722$1,000$555$298$156$7
47 years$1,666$954$522$275$142$6
48 years$1,613$911$490$254$129$5
49 years$1,562$870$461$235$117$4
50 years$1,513$831$433$217$106$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,550,000, adding $2,699 every year, while hoping to spend $34,713 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: 57/25/18 Blend
47$1,550,000$1,550,000$1,550,000$1,550,000
48$1,710,884$1,628,734$1,604,709$1,800,121
49$1,848,460$1,671,608$1,621,532$1,903,947
50$1,998,905$1,715,419$1,637,756$2,013,044
51$2,163,495$1,760,176$1,653,323$2,131,155
52$2,343,636$1,805,889$1,668,173$2,259,154
53$2,540,874$1,852,565$1,682,245$2,398,003
54$2,756,914$1,900,211$1,695,470$2,548,762
55$2,993,631$1,948,833$1,707,780$2,712,599
56$3,253,091$1,998,436$1,719,101$2,890,798
57$3,537,571$2,049,024$1,729,356$3,084,776
58$3,849,577$2,100,600$1,738,463$3,296,093
59$4,191,870$2,153,165$1,746,337$3,526,469
60$4,567,490$2,206,720$1,752,888$3,777,795
61$4,979,787$2,261,262$1,758,023$4,052,159
62$5,432,450$2,316,788$1,761,641$4,351,859
63$5,929,543$2,373,294$1,763,640$4,679,427
64$6,475,544$2,430,773$1,763,910$5,037,653
65$7,075,385$2,489,216$1,762,336$5,429,612
66$7,734,498$2,548,612$1,758,798$5,858,692
67$8,458,870$2,608,947$1,753,170$6,328,626
68$9,255,094$2,670,205$1,745,321$6,843,526
69$10,130,436$2,732,367$1,735,112$7,407,927
70$11,092,899$2,795,412$1,722,397$8,026,822
71$12,151,303$2,859,315$1,707,025$8,705,717
72$13,315,361$2,924,047$1,688,836$9,450,677
73$14,595,780$2,989,577$1,667,664$10,268,387
74$16,004,352$3,055,869$1,643,333$11,166,213
75$17,554,072$3,122,882$1,615,661$12,152,273
76$19,259,257$3,190,574$1,584,456$13,235,515
77$21,135,684$3,258,895$1,549,517$14,425,797
78$23,200,734$3,327,790$1,510,636$15,733,984
79$25,473,559$3,397,202$1,467,592$17,172,050
80$27,975,262$3,467,065$1,420,157$18,753,193
81$30,729,095$3,537,308$1,368,089$20,491,953
82$33,760,682$3,607,855$1,311,139$22,404,360
83$37,098,252$3,678,621$1,249,043$24,508,076
84$40,772,915$3,749,514$1,181,527$26,822,565
85$44,818,948$3,820,437$1,108,304$29,369,282
86$49,274,124$3,891,281$1,029,076$32,171,868
87$54,180,063$3,961,932$943,527$35,256,378
88$59,582,626$4,032,264$851,333$38,651,527
89$65,532,352$4,102,142$752,150$42,388,960
90$72,084,926$4,171,422$645,621$46,503,552
91$79,301,714$4,239,947$531,375$51,033,740
92$87,250,334$4,307,549$409,021$56,021,881
93$96,005,299$4,374,050$278,154$61,514,656
94$105,648,716$4,439,255$138,349$67,563,512
95$116,271,064$4,502,957$0$74,225,146
96$127,972,046$4,564,936$0$81,564,124
97$140,861,531$4,624,954$0$89,675,717
98$155,060,587$4,682,757$0$98,609,306
99$170,702,629$4,738,074$0$108,448,622
100$187,934,675$4,790,617$0$119,285,938