Can I retire at age 48 with 1,570,000?

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 $1,570,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$129,649$128,494$127,368$126,268$125,194$123,527
2 years$64,183$62,987$61,829$60,706$59,616$57,940
3 years$42,363$41,163$40,007$38,895$37,823$36,189
4 years$31,456$30,259$29,115$28,021$26,976$25,396
5 years$24,913$23,724$22,595$21,523$20,506$18,987
6 years$20,553$19,372$18,260$17,212$16,226$14,767
7 years$17,439$16,269$15,174$14,151$13,196$11,799
8 years$15,105$13,945$12,869$11,871$10,947$9,612
9 years$13,291$12,142$11,084$10,111$9,219$7,945
10 years$11,840$10,702$9,663$8,716$7,855$6,641
11 years$10,654$9,528$8,507$7,586$6,756$5,601
12 years$9,667$8,552$7,550$6,654$5,854$4,757
13 years$8,831$7,728$6,745$5,874$5,105$4,064
14 years$8,116$7,025$6,061$5,214$4,475$3,489
15 years$7,497$6,417$5,472$4,650$3,940$3,007
16 years$6,956$5,888$4,961$4,164$3,482$2,601
17 years$6,479$5,422$4,515$3,741$3,088$2,255
18 years$6,055$5,010$4,121$3,372$2,746$1,961
19 years$5,676$4,644$3,773$3,047$2,447$1,708
20 years$5,336$4,315$3,462$2,759$2,186$1,491
21 years$5,028$4,019$3,185$2,504$1,956$1,303
22 years$4,749$3,752$2,935$2,277$1,753$1,140
23 years$4,495$3,509$2,710$2,074$1,574$999
24 years$4,262$3,288$2,506$1,891$1,415$877
25 years$4,048$3,085$2,321$1,727$1,273$769
26 years$3,850$2,900$2,153$1,579$1,147$676
27 years$3,668$2,729$1,999$1,446$1,034$594
28 years$3,499$2,572$1,859$1,324$933$523
29 years$3,342$2,426$1,730$1,215$842$460
30 years$3,196$2,291$1,611$1,115$761$405
31 years$3,059$2,166$1,502$1,024$688$357
32 years$2,931$2,049$1,401$941$622$314
33 years$2,812$1,941$1,308$865$563$277
34 years$2,699$1,839$1,223$796$510$244
35 years$2,593$1,745$1,143$733$462$215
36 years$2,494$1,656$1,069$675$419$190
37 years$2,399$1,573$1,001$622$379$168
38 years$2,310$1,495$937$573$344$148
39 years$2,226$1,421$878$528$312$131
40 years$2,146$1,352$823$487$283$115
41 years$2,071$1,287$772$450$257$102
42 years$1,999$1,226$724$415$233$90
43 years$1,930$1,168$679$383$211$79
44 years$1,865$1,113$638$354$192$70
45 years$1,803$1,062$599$327$174$62
46 years$1,744$1,013$562$302$158$55
47 years$1,688$967$528$279$144$48
48 years$1,634$923$496$258$130$43
49 years$1,582$881$467$238$118$38
50 years$1,533$842$439$220$108$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,570,000, adding $6,616 every year, while hoping to spend $59,075 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: 83/12/5 Blend
47$1,570,000$1,570,000$1,570,000$1,570,000
48$1,736,964$1,653,754$1,629,419$1,880,477
49$1,851,279$1,671,933$1,621,150$1,993,323
50$1,975,275$1,689,022$1,610,623$2,108,527
51$2,109,875$1,704,907$1,597,701$2,233,160
52$2,256,098$1,719,463$1,582,240$2,368,132
53$2,415,063$1,732,560$1,564,088$2,514,442
54$2,588,001$1,744,056$1,543,086$2,673,190
55$2,776,266$1,753,804$1,519,069$2,845,588
56$2,981,349$1,761,645$1,491,862$3,032,970
57$3,204,891$1,767,410$1,461,283$3,236,808
58$3,448,697$1,770,920$1,427,143$3,458,719
59$3,714,754$1,771,984$1,389,242$3,700,487
60$4,005,248$1,770,401$1,347,371$3,964,076
61$4,322,588$1,765,955$1,301,313$4,251,652
62$4,669,424$1,758,419$1,250,838$4,565,596
63$5,048,674$1,747,551$1,195,710$4,908,538
64$5,463,551$1,733,093$1,135,679$5,283,369
65$5,917,592$1,714,774$1,070,484$5,693,278
66$6,414,694$1,692,305$999,852$6,141,779
67$6,959,146$1,665,381$923,500$6,632,742
68$7,555,672$1,633,678$841,130$7,170,432
69$8,209,474$1,596,852$752,432$7,759,549
70$8,926,282$1,554,539$657,080$8,405,271
71$9,712,407$1,506,356$554,737$9,113,304
72$10,574,800$1,451,895$445,048$9,889,938
73$11,521,116$1,390,724$327,644$10,742,101
74$12,559,789$1,322,388$202,138$11,677,430
75$13,700,107$1,246,405$68,130$12,704,340
76$14,952,303$1,162,264$0$13,832,105
77$16,327,649$1,069,426$0$15,074,939
78$17,838,561$967,320$0$16,444,248
79$19,498,720$855,344$0$17,948,831
80$21,323,194$732,861$0$19,602,390
81$23,328,587$599,198$0$21,420,027
82$25,533,188$453,643$0$23,418,381
83$27,957,148$295,447$0$25,615,791
84$30,622,669$123,816$0$28,032,461
85$33,554,211$0$0$30,690,662
86$36,778,723$0$0$33,623,128
87$40,325,897$0$0$36,867,054
88$44,228,450$0$0$40,436,014
89$48,522,426$0$0$44,362,975
90$53,247,542$0$0$48,684,266
91$58,447,558$0$0$53,439,910
92$64,170,692$0$0$58,674,010
93$70,470,072$0$0$64,435,160
94$77,404,239$0$0$70,776,904
95$85,037,697$0$0$77,758,241
96$93,441,523$0$0$85,444,179
97$102,694,032$0$0$93,906,354
98$112,881,524$0$0$103,223,697
99$124,099,090$0$0$113,483,183
100$136,451,513$0$0$124,780,654