Can I retire at age 48 with 1,620,000?

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 $1,620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$133,778$132,586$131,424$130,289$129,181$124,946
2 years$66,227$64,993$63,798$62,639$61,515$57,288
3 years$43,713$42,474$41,282$40,133$39,028$34,942
4 years$32,458$31,223$30,042$28,914$27,835$23,922
5 years$25,707$24,479$23,314$22,209$21,160$17,430
6 years$21,207$19,989$18,841$17,760$16,743$13,200
7 years$17,995$16,787$15,657$14,602$13,616$10,259
8 years$15,586$14,389$13,279$12,249$11,296$8,122
9 years$13,714$12,528$11,437$10,434$9,513$6,518
10 years$12,217$11,043$9,971$8,994$8,106$5,286
11 years$10,994$9,831$8,778$7,827$6,971$4,321
12 years$9,974$8,824$7,790$6,866$6,041$3,555
13 years$9,113$7,974$6,960$6,061$5,268$2,939
14 years$8,375$7,248$6,254$5,381$4,618$2,440
15 years$7,736$6,622$5,646$4,798$4,066$2,032
16 years$7,177$6,075$5,119$4,297$3,593$1,698
17 years$6,685$5,595$4,658$3,860$3,186$1,421
18 years$6,248$5,170$4,252$3,479$2,833$1,192
19 years$5,857$4,791$3,893$3,144$2,525$1,001
20 years$5,506$4,452$3,573$2,847$2,255$842
21 years$5,189$4,147$3,286$2,584$2,018$709
22 years$4,900$3,871$3,029$2,349$1,809$597
23 years$4,638$3,621$2,797$2,140$1,624$504
24 years$4,397$3,392$2,586$1,951$1,460$425
25 years$4,177$3,184$2,395$1,782$1,314$359
26 years$3,973$2,992$2,222$1,630$1,183$303
27 years$3,785$2,816$2,063$1,492$1,067$256
28 years$3,611$2,653$1,918$1,367$963$217
29 years$3,449$2,503$1,785$1,253$869$183
30 years$3,298$2,364$1,662$1,150$785$155
31 years$3,157$2,235$1,550$1,056$710$131
32 years$3,025$2,115$1,446$971$642$111
33 years$2,901$2,003$1,350$893$581$94
34 years$2,785$1,898$1,261$821$526$79
35 years$2,676$1,800$1,179$756$477$67
36 years$2,573$1,709$1,103$696$432$57
37 years$2,476$1,623$1,033$642$391$48
38 years$2,384$1,542$967$591$355$41
39 years$2,297$1,467$906$545$322$34
40 years$2,215$1,395$849$503$292$29
41 years$2,137$1,328$796$464$265$25
42 years$2,062$1,265$747$428$240$21
43 years$1,992$1,205$701$395$218$18
44 years$1,925$1,149$658$365$198$15
45 years$1,861$1,095$618$337$180$13
46 years$1,800$1,045$580$311$163$11
47 years$1,742$997$545$288$148$9
48 years$1,686$952$512$266$135$8
49 years$1,633$909$481$246$122$7
50 years$1,582$868$453$227$111$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,620,000, adding $2,895 every year, while hoping to spend $55,558 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: 35/46/19 Blend
47$1,620,000$1,620,000$1,620,000$1,620,000
48$1,788,226$1,702,366$1,677,256$1,840,340
49$1,911,512$1,726,669$1,674,331$1,903,056
50$2,045,511$1,750,300$1,669,446$1,965,303
51$2,191,257$1,773,169$1,662,476$2,031,308
52$2,349,888$1,795,177$1,653,292$2,101,436
53$2,522,655$1,816,220$1,641,756$2,176,094
54$2,710,937$1,836,185$1,627,726$2,255,729
55$2,916,250$1,854,955$1,611,051$2,340,842
56$3,140,261$1,872,402$1,591,575$2,431,982
57$3,384,808$1,888,390$1,569,133$2,529,761
58$3,651,912$1,902,774$1,543,553$2,634,856
59$3,943,799$1,915,403$1,514,654$2,748,014
60$4,262,919$1,926,110$1,482,248$2,870,067
61$4,611,971$1,934,723$1,446,137$3,001,930
62$4,993,924$1,941,057$1,406,115$3,144,622
63$5,412,050$1,944,914$1,361,965$3,299,265
64$5,869,950$1,946,086$1,313,462$3,467,103
65$6,371,591$1,944,350$1,260,369$3,649,515
66$6,921,340$1,939,471$1,202,439$3,848,021
67$7,524,010$1,931,198$1,139,413$4,064,306
68$8,184,897$1,919,265$1,071,022$4,300,233
69$8,909,839$1,903,391$996,983$4,557,861
70$9,705,262$1,883,276$917,001$4,839,467
71$10,578,246$1,858,605$830,769$5,147,570
72$11,536,591$1,829,040$737,964$5,484,952
73$12,588,887$1,794,227$638,249$5,854,689
74$13,744,598$1,753,788$531,275$6,260,180
75$15,014,148$1,707,324$416,673$6,705,183
76$16,409,021$1,654,414$294,062$7,193,847
77$17,941,869$1,594,608$163,041$7,730,758
78$19,626,631$1,527,435$23,194$8,320,982
79$21,478,661$1,452,393$0$8,970,115
80$23,514,877$1,368,952$0$9,709,891
81$25,753,916$1,276,553$0$10,528,261
82$28,216,314$1,174,603$0$11,428,151
83$30,924,695$1,062,475$0$12,417,984
84$33,903,986$939,508$0$13,507,056
85$37,181,650$805,002$0$14,705,620
86$40,787,950$658,219$0$16,024,992
87$44,756,226$498,377$0$17,477,653
88$49,123,215$324,651$0$19,077,374
89$53,929,396$136,172$0$20,839,346
90$59,219,368$0$0$22,780,328
91$65,042,277$0$0$24,953,216
92$71,452,272$0$0$27,421,344
93$78,509,021$0$0$30,138,791
94$86,278,270$0$0$33,130,913
95$94,832,464$0$0$36,425,647
96$104,251,431$0$0$40,053,779
97$114,623,133$0$0$44,049,230
98$126,044,497$0$0$48,449,382
99$138,622,330$0$0$53,295,423
100$152,474,322$0$0$58,632,744