Can I retire at age 48 with 1,640,000?

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 $1,640,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$135,430$134,223$133,046$131,898$130,776$125,686
2 years$67,044$65,796$64,586$63,412$62,274$57,208
3 years$44,252$42,998$41,791$40,629$39,509$34,626
4 years$32,858$31,608$30,413$29,271$28,178$23,515
5 years$26,024$24,781$23,602$22,483$21,421$16,990
6 years$21,469$20,236$19,074$17,980$16,950$12,753
7 years$18,217$16,994$15,850$14,782$13,784$9,822
8 years$15,779$14,567$13,442$12,400$11,436$7,703
9 years$13,884$12,683$11,578$10,562$9,630$6,121
10 years$12,368$11,180$10,094$9,105$8,206$4,914
11 years$11,129$9,953$8,887$7,924$7,057$3,975
12 years$10,098$8,933$7,887$6,950$6,116$3,236
13 years$9,225$8,073$7,046$6,136$5,333$2,646
14 years$8,478$7,338$6,331$5,447$4,675$2,173
15 years$7,831$6,703$5,716$4,858$4,116$1,789
16 years$7,266$6,150$5,182$4,350$3,638$1,477
17 years$6,767$5,664$4,716$3,908$3,225$1,222
18 years$6,325$5,234$4,305$3,522$2,868$1,013
19 years$5,929$4,851$3,941$3,182$2,556$840
20 years$5,574$4,507$3,617$2,882$2,283$698
21 years$5,253$4,199$3,327$2,616$2,043$581
22 years$4,961$3,919$3,066$2,378$1,832$483
23 years$4,695$3,666$2,831$2,166$1,644$402
24 years$4,452$3,434$2,618$1,976$1,478$335
25 years$4,228$3,223$2,425$1,804$1,330$279
26 years$4,022$3,029$2,249$1,650$1,198$233
27 years$3,832$2,851$2,088$1,510$1,080$194
28 years$3,655$2,686$1,941$1,383$974$162
29 years$3,491$2,534$1,807$1,269$880$135
30 years$3,338$2,393$1,683$1,164$795$113
31 years$3,196$2,262$1,569$1,069$719$94
32 years$3,062$2,141$1,464$983$650$79
33 years$2,937$2,027$1,367$904$588$66
34 years$2,819$1,921$1,277$831$533$55
35 years$2,709$1,822$1,194$765$483$46
36 years$2,605$1,730$1,117$705$437$38
37 years$2,506$1,643$1,045$650$396$32
38 years$2,413$1,561$979$599$359$27
39 years$2,325$1,485$917$552$326$22
40 years$2,242$1,412$860$509$295$19
41 years$2,163$1,345$806$470$268$16
42 years$2,088$1,281$756$434$243$13
43 years$2,017$1,220$710$400$221$11
44 years$1,949$1,163$666$370$200$9
45 years$1,884$1,109$625$341$182$8
46 years$1,822$1,058$587$315$165$6
47 years$1,763$1,010$552$291$150$5
48 years$1,707$964$519$269$136$4
49 years$1,653$920$487$249$124$4
50 years$1,601$879$458$230$112$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,640,000, adding $4,269 every year, while hoping to spend $57,730 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: 82/12/6 Blend
47$1,640,000$1,640,000$1,640,000$1,640,000
48$1,811,683$1,724,763$1,699,343$1,959,196
49$1,935,051$1,747,853$1,694,847$2,079,329
50$2,069,067$1,770,138$1,688,265$2,203,005
51$2,214,757$1,791,520$1,679,467$2,336,985
52$2,373,248$1,811,891$1,668,316$2,482,266
53$2,545,783$1,831,136$1,654,667$2,639,945
54$2,733,725$1,849,135$1,638,371$2,811,233
55$2,938,578$1,865,755$1,619,270$2,997,461
56$3,161,995$1,880,860$1,597,197$3,200,095
57$3,405,797$1,894,300$1,571,982$3,420,753
58$3,671,987$1,905,919$1,543,442$3,661,213
59$3,962,771$1,915,550$1,511,388$3,923,435
60$4,280,576$1,923,015$1,475,622$4,209,580
61$4,628,075$1,928,123$1,435,936$4,522,025
62$5,008,212$1,930,675$1,392,114$4,863,393
63$5,424,228$1,930,456$1,343,928$5,236,571
64$5,879,690$1,927,239$1,291,140$5,644,740
65$6,378,529$1,920,784$1,233,504$6,091,406
66$6,925,071$1,910,835$1,170,758$6,580,431
67$7,524,082$1,897,120$1,102,632$7,116,071
68$8,180,811$1,879,351$1,028,843$7,703,014
69$8,901,038$1,857,224$949,094$8,346,429
70$9,691,131$1,830,415$863,075$9,052,009
71$10,558,102$1,798,581$770,464$9,826,028
72$11,509,676$1,761,359$670,922$10,675,401
73$12,554,362$1,718,364$564,097$11,607,746
74$13,701,533$1,669,190$449,621$12,631,460
75$14,961,514$1,613,405$327,108$13,755,795
76$16,345,680$1,550,554$196,157$14,990,947
77$17,866,561$1,480,152$56,349$16,348,153
78$19,537,960$1,401,689$0$17,839,795
79$21,375,086$1,314,626$0$19,485,465
80$23,394,692$1,218,391$0$21,298,493
81$25,615,239$1,112,379$0$23,291,872
82$28,057,060$995,953$0$25,483,899
83$30,742,564$868,438$0$27,894,734
84$33,696,434$729,121$0$30,546,596
85$36,945,871$577,248$0$33,463,969
86$40,520,840$412,024$0$36,673,830
87$44,454,361$232,608$0$40,205,912
88$48,782,814$38,114$0$44,092,978
89$53,546,283$0$0$48,371,131
90$58,788,936$0$0$53,102,925
91$64,559,439$0$0$58,316,717
92$70,911,415$0$0$64,055,931
93$77,903,951$0$0$70,373,959
94$85,602,152$0$0$77,329,631
95$94,077,757$0$0$84,987,774
96$103,409,816$0$0$93,419,820
97$113,685,433$0$0$102,704,477
98$125,000,589$0$0$112,928,478
99$137,461,047$0$0$124,187,395
100$151,183,349$0$0$136,586,537