Can I retire at age 48 with 1,560,000?

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 $1,560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$128,823$127,676$126,556$125,464$124,397$123,664
2 years$63,774$62,586$61,435$60,319$59,236$58,498
3 years$42,094$40,901$39,753$38,647$37,582$36,860
4 years$31,256$30,066$28,930$27,843$26,804$26,104
5 years$24,754$23,572$22,451$21,386$20,376$19,700
6 years$20,422$19,249$18,143$17,103$16,123$15,471
7 years$17,328$16,165$15,077$14,061$13,112$12,486
8 years$15,009$13,856$12,787$11,795$10,878$10,277
9 years$13,206$12,064$11,013$10,047$9,161$8,585
10 years$11,765$10,634$9,602$8,661$7,805$7,254
11 years$10,586$9,467$8,453$7,537$6,713$6,186
12 years$9,605$8,497$7,502$6,611$5,817$5,314
13 years$8,775$7,679$6,702$5,837$5,073$4,593
14 years$8,065$6,980$6,022$5,181$4,447$3,990
15 years$7,449$6,376$5,437$4,621$3,915$3,481
16 years$6,911$5,850$4,930$4,137$3,460$3,048
17 years$6,437$5,388$4,486$3,717$3,068$2,677
18 years$6,016$4,979$4,095$3,350$2,728$2,357
19 years$5,640$4,614$3,749$3,027$2,432$2,080
20 years$5,302$4,288$3,440$2,742$2,172$1,840
21 years$4,996$3,994$3,164$2,488$1,944$1,630
22 years$4,719$3,728$2,917$2,262$1,742$1,446
23 years$4,466$3,487$2,693$2,060$1,564$1,284
24 years$4,235$3,267$2,491$1,879$1,406$1,142
25 years$4,022$3,066$2,307$1,716$1,265$1,017
26 years$3,826$2,881$2,139$1,569$1,139$906
27 years$3,645$2,712$1,987$1,436$1,027$808
28 years$3,477$2,555$1,847$1,316$927$721
29 years$3,321$2,411$1,719$1,207$837$644
30 years$3,175$2,276$1,601$1,108$756$575
31 years$3,040$2,152$1,492$1,017$684$514
32 years$2,913$2,036$1,392$935$618$460
33 years$2,794$1,928$1,300$860$560$412
34 years$2,682$1,828$1,215$791$507$368
35 years$2,577$1,733$1,136$728$459$330
36 years$2,478$1,645$1,062$671$416$295
37 years$2,384$1,563$994$618$377$265
38 years$2,296$1,485$931$569$342$237
39 years$2,212$1,412$872$525$310$212
40 years$2,133$1,344$818$484$281$190
41 years$2,058$1,279$767$447$255$171
42 years$1,986$1,218$719$412$231$153
43 years$1,918$1,161$675$381$210$137
44 years$1,854$1,106$634$351$191$123
45 years$1,792$1,055$595$325$173$110
46 years$1,733$1,006$559$300$157$99
47 years$1,677$960$525$277$143$89
48 years$1,623$917$493$256$130$80
49 years$1,572$875$464$237$118$71
50 years$1,523$836$436$219$107$64

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,560,000, adding $5,807 every year, while hoping to spend $34,938 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: 82/8/10 Blend
47$1,560,000$1,560,000$1,560,000$1,560,000
48$1,725,110$1,642,430$1,618,250$1,863,413
49$1,863,897$1,685,735$1,635,288$1,998,146
50$2,015,670$1,729,992$1,651,725$2,140,813
51$2,181,716$1,775,209$1,667,505$2,296,394
52$2,363,452$1,821,395$1,682,568$2,466,164
53$2,562,441$1,868,560$1,696,850$2,651,529
54$2,780,401$1,916,710$1,710,286$2,854,036
55$3,019,225$1,965,852$1,722,804$3,075,389
56$3,280,999$2,015,992$1,734,330$3,317,466
57$3,568,018$2,067,133$1,744,788$3,582,333
58$3,882,814$2,119,280$1,754,096$3,872,269
59$4,228,170$2,172,434$1,762,167$4,189,782
60$4,607,156$2,226,596$1,768,912$4,537,637
61$5,023,151$2,281,764$1,774,236$4,918,876
62$5,479,879$2,337,937$1,778,040$5,336,855
63$5,981,440$2,395,110$1,780,218$5,795,269
64$6,532,354$2,453,277$1,780,662$6,298,188
65$7,137,595$2,512,429$1,779,256$6,850,097
66$7,802,649$2,572,557$1,775,879$7,455,937
67$8,533,553$2,633,647$1,770,406$8,121,153
68$9,336,964$2,695,684$1,762,703$8,851,743
69$10,220,211$2,758,649$1,752,630$9,654,316
70$11,191,373$2,822,523$1,740,043$10,536,154
71$12,259,347$2,887,280$1,724,789$11,505,280
72$13,433,937$2,952,894$1,706,706$12,570,535
73$14,725,947$3,019,334$1,685,628$13,741,660
74$16,147,276$3,086,564$1,661,380$15,029,390
75$17,711,038$3,154,545$1,633,776$16,445,551
76$19,431,681$3,223,235$1,602,625$18,003,177
77$21,325,124$3,292,586$1,567,724$19,716,627
78$23,408,908$3,362,544$1,528,865$21,601,726
79$25,702,360$3,433,052$1,485,825$23,675,911
80$28,226,775$3,504,045$1,438,374$25,958,397
81$31,005,617$3,575,455$1,386,271$28,470,356
82$34,064,742$3,647,204$1,329,263$31,235,121
83$37,432,640$3,719,211$1,267,087$34,278,401
84$41,140,701$3,791,384$1,199,466$37,628,527
85$45,223,518$3,863,628$1,126,114$41,316,721
86$49,719,206$3,935,834$1,046,728$45,377,384
87$54,669,764$4,007,890$960,993$49,848,429
88$60,121,475$4,079,671$868,581$54,771,632
89$66,125,335$4,151,045$769,148$60,193,030
90$72,737,540$4,221,867$662,335$66,163,355
91$80,020,014$4,291,983$547,768$72,738,513
92$88,040,992$4,361,227$425,055$79,980,110
93$96,875,667$4,429,421$293,788$87,956,036
94$106,606,895$4,496,372$153,540$96,741,103
95$117,325,980$4,561,876$3,865$106,417,756
96$129,133,536$4,625,714$0$117,076,844
97$142,140,431$4,687,649$0$128,835,118
98$156,468,841$4,747,430$0$141,787,794
99$172,253,397$4,804,787$0$156,056,097
100$189,642,457$4,859,435$0$171,774,064