Can I retire at age 48 with 1,580,000?

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 $1,580,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$130,475$129,313$128,179$127,072$125,991$122,996
2 years$64,592$63,389$62,223$61,092$59,996$56,995
3 years$42,633$41,425$40,262$39,142$38,064$35,152
4 years$31,656$30,452$29,301$28,200$27,147$24,347
5 years$25,072$23,875$22,738$21,660$20,637$17,956
6 years$20,684$19,495$18,376$17,322$16,329$13,770
7 years$17,550$16,372$15,271$14,241$13,280$10,843
8 years$15,202$14,034$12,951$11,947$11,017$8,701
9 years$13,376$12,219$11,154$10,176$9,278$7,081
10 years$11,916$10,771$9,725$8,772$7,905$5,825
11 years$10,722$9,588$8,561$7,634$6,799$4,833
12 years$9,728$8,606$7,598$6,696$5,892$4,037
13 years$8,888$7,777$6,788$5,912$5,138$3,390
14 years$8,168$7,069$6,099$5,248$4,504$2,859
15 years$7,545$6,458$5,507$4,680$3,965$2,420
16 years$7,000$5,925$4,993$4,190$3,505$2,055
17 years$6,520$5,457$4,543$3,765$3,107$1,750
18 years$6,093$5,042$4,147$3,393$2,763$1,493
19 years$5,712$4,673$3,797$3,066$2,463$1,276
20 years$5,370$4,343$3,484$2,777$2,200$1,092
21 years$5,060$4,045$3,205$2,520$1,969$936
22 years$4,779$3,776$2,954$2,291$1,765$803
23 years$4,523$3,531$2,727$2,087$1,584$689
24 years$4,289$3,309$2,522$1,903$1,424$592
25 years$4,073$3,105$2,336$1,738$1,281$509
26 years$3,875$2,918$2,167$1,589$1,154$438
27 years$3,692$2,746$2,012$1,455$1,040$377
28 years$3,521$2,588$1,870$1,333$939$325
29 years$3,363$2,441$1,741$1,222$848$280
30 years$3,216$2,306$1,621$1,122$766$241
31 years$3,079$2,180$1,512$1,030$692$208
32 years$2,950$2,062$1,410$947$626$179
33 years$2,830$1,953$1,317$871$567$155
34 years$2,716$1,851$1,230$801$513$133
35 years$2,610$1,756$1,150$737$465$115
36 years$2,509$1,666$1,076$679$421$99
37 years$2,415$1,583$1,007$626$382$86
38 years$2,325$1,504$943$577$346$74
39 years$2,240$1,430$884$532$314$64
40 years$2,160$1,361$828$491$285$55
41 years$2,084$1,295$777$453$258$48
42 years$2,012$1,234$728$418$234$41
43 years$1,943$1,175$684$386$213$35
44 years$1,877$1,120$642$356$193$31
45 years$1,815$1,068$603$329$175$26
46 years$1,755$1,019$566$304$159$23
47 years$1,699$973$532$281$144$20
48 years$1,644$929$500$259$131$17
49 years$1,592$887$470$240$119$15
50 years$1,543$847$441$221$108$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,580,000, adding $3,907 every year, while hoping to spend $31,726 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: 54/33/13 Blend
47$1,580,000$1,580,000$1,580,000$1,580,000
48$1,745,190$1,661,450$1,636,960$1,833,301
49$1,889,443$1,709,105$1,658,042$1,941,329
50$2,047,347$1,758,032$1,678,767$2,055,096
51$2,220,260$1,808,259$1,699,089$2,178,194
52$2,409,679$1,859,816$1,718,961$2,311,516
53$2,617,251$1,912,732$1,738,331$2,456,047
54$2,844,792$1,967,037$1,757,147$2,612,870
55$3,094,301$2,022,762$1,775,351$2,783,178
56$3,367,979$2,079,936$1,792,885$2,968,282
57$3,668,251$2,138,591$1,809,684$3,169,630
58$3,997,787$2,198,757$1,825,684$3,388,811
59$4,359,531$2,260,466$1,840,814$3,627,578
60$4,756,723$2,323,748$1,855,000$3,887,861
61$5,192,932$2,388,636$1,868,167$4,171,784
62$5,672,092$2,455,160$1,880,231$4,481,689
63$6,198,536$2,523,352$1,891,109$4,820,153
64$6,777,034$2,593,245$1,900,709$5,190,015
65$7,412,847$2,664,869$1,908,938$5,594,402
66$8,111,766$2,738,256$1,915,696$6,036,759
67$8,880,173$2,813,438$1,920,879$6,520,881
68$9,725,100$2,890,445$1,924,377$7,050,948
69$10,654,292$2,969,309$1,926,076$7,631,565
70$11,676,284$3,050,060$1,925,854$8,267,806
71$12,800,481$3,132,728$1,923,586$8,965,259
72$14,037,241$3,217,343$1,919,138$9,730,083
73$15,397,982$3,303,935$1,912,370$10,569,063
74$16,895,279$3,392,531$1,903,138$11,489,673
75$18,542,992$3,483,159$1,891,287$12,500,149
76$20,356,390$3,575,847$1,876,658$13,609,566
77$22,352,298$3,670,620$1,859,083$14,827,923
78$24,549,255$3,767,502$1,838,384$16,166,236
79$26,967,687$3,866,518$1,814,379$17,636,646
80$29,630,104$3,967,690$1,786,873$19,252,528
81$32,561,306$4,071,038$1,755,664$21,028,621
82$35,788,621$4,176,582$1,720,542$22,981,166
83$39,342,164$4,284,338$1,681,283$25,128,059
84$43,255,116$4,394,322$1,637,658$27,489,021
85$47,564,041$4,506,547$1,589,422$30,085,782
86$52,309,229$4,621,023$1,536,323$32,942,288
87$57,535,076$4,737,758$1,478,096$36,084,926
88$63,290,504$4,856,759$1,414,462$39,542,772
89$69,629,421$4,978,026$1,345,132$43,347,869
90$76,611,231$5,101,559$1,269,804$47,535,525
91$84,301,394$5,227,352$1,188,159$52,144,650
92$92,772,042$5,355,398$1,099,868$57,218,122
93$102,102,660$5,485,683$1,004,584$62,803,191
94$112,380,840$5,618,190$901,946$68,951,924
95$123,703,101$5,752,896$791,576$75,721,703
96$136,175,804$5,889,775$673,081$83,175,756
97$149,916,155$6,028,793$546,048$91,383,766
98$165,053,310$6,169,910$410,048$100,422,519
99$181,729,594$6,313,083$264,631$110,376,634
100$200,101,846$6,458,257$109,330$121,339,362