Can I retire at age 48 with 1,600,000?

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 $1,600,000?

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$132,127$130,950$129,801$128,681$127,586$126,570
2 years$65,409$64,191$63,010$61,866$60,755$59,731
3 years$43,173$41,950$40,772$39,638$38,546$37,545
4 years$32,057$30,837$29,671$28,557$27,491$26,522
5 years$25,389$24,177$23,026$21,934$20,898$19,963
6 years$20,945$19,742$18,609$17,541$16,536$15,636
7 years$17,773$16,579$15,464$14,422$13,448$12,584
8 years$15,394$14,212$13,115$12,098$11,157$10,328
9 years$13,545$12,374$11,296$10,305$9,396$8,602
10 years$12,067$10,907$9,848$8,883$8,005$7,247
11 years$10,858$9,710$8,670$7,731$6,885$6,161
12 years$9,851$8,715$7,694$6,781$5,966$5,277
13 years$9,000$7,876$6,874$5,986$5,203$4,546
14 years$8,271$7,159$6,177$5,314$4,561$3,936
15 years$7,640$6,540$5,577$4,739$4,016$3,423
16 years$7,089$6,000$5,056$4,243$3,549$2,986
17 years$6,602$5,526$4,601$3,813$3,147$2,614
18 years$6,171$5,106$4,200$3,436$2,798$2,293
19 years$5,785$4,732$3,845$3,105$2,494$2,017
20 years$5,438$4,398$3,529$2,812$2,228$1,777
21 years$5,124$4,096$3,246$2,552$1,993$1,568
22 years$4,840$3,824$2,991$2,320$1,787$1,386
23 years$4,581$3,576$2,762$2,113$1,604$1,227
24 years$4,343$3,351$2,554$1,927$1,442$1,087
25 years$4,125$3,144$2,366$1,760$1,297$964
26 years$3,924$2,955$2,194$1,609$1,169$856
27 years$3,738$2,781$2,038$1,473$1,054$760
28 years$3,566$2,621$1,894$1,350$951$676
29 years$3,406$2,472$1,763$1,238$858$601
30 years$3,257$2,335$1,642$1,136$776$535
31 years$3,118$2,207$1,531$1,043$701$476
32 years$2,987$2,088$1,428$959$634$424
33 years$2,865$1,978$1,333$882$574$378
34 years$2,751$1,875$1,246$811$520$337
35 years$2,643$1,778$1,165$747$471$300
36 years$2,541$1,688$1,090$688$427$268
37 years$2,445$1,603$1,020$634$387$239
38 years$2,355$1,523$955$584$350$213
39 years$2,269$1,448$895$539$318$190
40 years$2,187$1,378$839$497$288$170
41 years$2,110$1,312$786$458$262$151
42 years$2,037$1,249$738$423$237$135
43 years$1,967$1,190$692$390$215$121
44 years$1,901$1,135$650$361$195$108
45 years$1,838$1,082$610$333$177$96
46 years$1,778$1,032$573$308$161$86
47 years$1,720$985$538$284$146$77
48 years$1,665$940$506$263$133$69
49 years$1,612$898$476$243$121$61
50 years$1,562$858$447$224$110$55

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,600,000, adding $3,262 every year, while hoping to spend $44,553 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: 29/50/21 Blend
47$1,600,000$1,600,000$1,600,000$1,600,000
48$1,766,565$1,681,765$1,656,965$1,806,058
49$1,899,350$1,716,767$1,665,069$1,871,714
50$2,044,187$1,751,991$1,671,952$1,938,061
51$2,202,256$1,787,402$1,677,524$2,008,453
52$2,374,860$1,822,958$1,681,695$2,083,266
53$2,563,431$1,858,618$1,684,367$2,162,912
54$2,769,545$1,894,334$1,685,437$2,247,852
55$2,994,939$1,930,057$1,684,800$2,338,588
56$3,241,525$1,965,732$1,682,343$2,435,680
57$3,511,408$2,001,300$1,677,948$2,539,744
58$3,806,904$2,036,697$1,671,493$2,651,460
59$4,130,567$2,071,854$1,662,847$2,771,581
60$4,485,208$2,106,698$1,651,875$2,900,935
61$4,873,922$2,141,148$1,638,435$3,040,441
62$5,300,118$2,175,121$1,622,379$3,191,111
63$5,767,551$2,208,523$1,603,550$3,354,063
64$6,280,358$2,241,257$1,581,785$3,530,532
65$6,843,093$2,273,217$1,556,913$3,721,881
66$7,460,774$2,304,290$1,528,756$3,929,616
67$8,138,929$2,334,356$1,497,125$4,155,400
68$8,883,646$2,363,286$1,461,825$4,401,069
69$9,701,632$2,390,941$1,422,651$4,668,648
70$10,600,277$2,417,176$1,379,387$4,960,377
71$11,587,719$2,441,831$1,331,811$5,278,725
72$12,672,926$2,464,740$1,279,686$5,626,419
73$13,865,776$2,485,725$1,222,768$6,006,469
74$15,177,155$2,504,594$1,160,800$6,422,200
75$16,619,051$2,521,146$1,093,513$6,877,277
76$18,204,676$2,535,165$1,020,628$7,375,749
77$19,948,586$2,546,420$941,851$7,922,085
78$21,866,815$2,554,669$856,877$8,521,214
79$23,977,034$2,559,651$765,386$9,178,579
80$26,298,708$2,561,091$667,044$9,900,182
81$28,853,288$2,558,696$561,501$10,692,651
82$31,664,407$2,552,155$448,395$11,563,296
83$34,758,104$2,541,139$327,344$12,520,183
84$38,163,073$2,525,296$197,951$13,572,213
85$41,910,926$2,504,256$59,803$14,729,204
86$46,036,500$2,477,624$0$16,001,988
87$50,578,179$2,444,983$0$17,422,149
88$55,578,256$2,405,890$0$18,998,813
89$61,083,336$2,359,877$0$20,733,212
90$67,144,772$2,306,446$0$22,641,496
91$73,819,148$2,245,071$0$24,741,472
92$81,168,817$2,175,195$0$27,052,773
93$89,262,486$2,096,230$0$29,597,047
94$98,175,864$2,007,550$0$32,398,160
95$107,992,378$1,908,496$0$35,482,428
96$118,803,958$1,798,369$0$38,878,861
97$130,711,904$1,676,431$0$42,619,446
98$143,827,844$1,541,902$0$46,739,446
99$158,274,784$1,393,955$0$51,277,737
100$174,188,272$1,231,719$0$56,277,179