Can I retire at age 48 with 1,650,000?

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 $1,650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$136,255$135,042$133,858$132,702$131,573$129,875
2 years$67,453$66,197$64,979$63,799$62,654$60,946
3 years$44,522$43,260$42,046$40,877$39,750$38,085
4 years$33,059$31,801$30,599$29,449$28,350$26,740
5 years$26,183$24,932$23,746$22,620$21,551$20,002
6 years$21,600$20,359$19,190$18,089$17,053$15,566
7 years$18,328$17,098$15,947$14,872$13,869$12,444
8 years$15,875$14,656$13,524$12,476$11,505$10,143
9 years$13,968$12,761$11,649$10,627$9,689$8,389
10 years$12,444$11,248$10,156$9,160$8,256$7,017
11 years$11,197$10,013$8,941$7,972$7,100$5,921
12 years$10,159$8,987$7,935$6,993$6,153$5,032
13 years$9,281$8,122$7,089$6,174$5,365$4,302
14 years$8,530$7,383$6,370$5,480$4,703$3,696
15 years$7,879$6,744$5,751$4,887$4,141$3,187
16 years$7,310$6,188$5,214$4,376$3,660$2,758
17 years$6,809$5,699$4,745$3,932$3,245$2,394
18 years$6,363$5,266$4,331$3,543$2,885$2,083
19 years$5,966$4,880$3,965$3,202$2,572$1,816
20 years$5,608$4,535$3,639$2,900$2,297$1,586
21 years$5,285$4,224$3,347$2,632$2,056$1,387
22 years$4,991$3,943$3,085$2,393$1,843$1,215
23 years$4,724$3,688$2,848$2,179$1,654$1,065
24 years$4,479$3,455$2,634$1,988$1,487$935
25 years$4,254$3,243$2,440$1,815$1,338$822
26 years$4,047$3,048$2,263$1,660$1,205$722
27 years$3,855$2,868$2,101$1,519$1,086$636
28 years$3,677$2,703$1,953$1,392$980$560
29 years$3,512$2,550$1,818$1,276$885$493
30 years$3,359$2,408$1,693$1,171$800$434
31 years$3,215$2,276$1,578$1,076$723$383
32 years$3,081$2,154$1,473$989$654$338
33 years$2,955$2,040$1,375$909$592$298
34 years$2,837$1,933$1,285$837$536$263
35 years$2,725$1,834$1,201$770$485$232
36 years$2,621$1,740$1,124$709$440$205
37 years$2,522$1,653$1,052$653$399$181
38 years$2,428$1,571$985$602$361$160
39 years$2,340$1,494$923$555$328$141
40 years$2,256$1,421$865$512$297$125
41 years$2,176$1,353$811$473$270$110
42 years$2,101$1,288$761$436$245$97
43 years$2,029$1,228$714$403$222$86
44 years$1,960$1,170$670$372$202$76
45 years$1,895$1,116$629$343$183$67
46 years$1,833$1,064$591$317$166$59
47 years$1,774$1,016$555$293$151$52
48 years$1,717$970$522$271$137$46
49 years$1,663$926$490$250$124$41
50 years$1,611$885$461$231$113$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,650,000, adding $2,163 every year, while hoping to spend $43,452 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: 72/17/11 Blend
47$1,650,000$1,650,000$1,650,000$1,650,000
48$1,820,531$1,733,081$1,707,506$1,947,470
49$1,959,993$1,771,770$1,718,475$2,070,412
50$2,112,223$1,810,897$1,728,355$2,199,423
51$2,278,479$1,850,440$1,737,064$2,339,507
52$2,460,143$1,890,371$1,744,515$2,491,747
53$2,658,738$1,930,660$1,750,617$2,657,336
54$2,875,942$1,971,275$1,755,275$2,837,587
55$3,113,600$2,012,179$1,758,389$3,033,948
56$3,373,745$2,053,334$1,759,852$3,248,013
57$3,658,615$2,094,695$1,759,555$3,481,537
58$3,970,675$2,136,217$1,757,382$3,736,455
59$4,312,641$2,177,848$1,753,211$4,014,898
60$4,687,501$2,219,533$1,746,914$4,319,215
61$5,098,548$2,261,212$1,738,358$4,651,991
62$5,549,409$2,302,821$1,727,402$5,016,077
63$6,044,078$2,344,289$1,713,900$5,414,614
64$6,586,956$2,385,541$1,697,697$5,851,061
65$7,182,888$2,426,495$1,678,632$6,329,232
66$7,837,213$2,467,063$1,656,537$6,853,327
67$8,555,812$2,507,153$1,631,234$7,427,975
68$9,345,163$2,546,661$1,602,538$8,058,279
69$10,212,402$2,585,480$1,570,256$8,749,858
70$11,165,392$2,623,494$1,534,185$9,508,908
71$12,212,793$2,660,576$1,494,111$10,342,254
72$13,364,149$2,696,595$1,449,814$11,257,419
73$14,629,970$2,731,406$1,401,061$12,262,691
74$16,021,840$2,764,858$1,347,610$13,367,207
75$17,552,518$2,796,786$1,289,205$14,581,033
76$19,236,063$2,827,018$1,225,582$15,915,262
77$21,087,966$2,855,365$1,156,463$17,382,120
78$23,125,292$2,881,632$1,081,558$18,995,081
79$25,366,845$2,905,606$1,000,564$20,768,993
80$27,833,344$2,927,061$913,164$22,720,218
81$30,547,617$2,945,759$819,027$24,866,789
82$33,534,818$2,961,445$717,808$27,228,578
83$36,822,659$2,973,846$609,145$29,827,488
84$40,441,681$2,982,674$492,661$32,687,654
85$44,425,530$2,987,624$367,963$35,835,674
86$48,811,285$2,988,367$234,640$39,300,863
87$53,639,798$2,984,560$92,263$43,115,525
88$58,956,087$2,975,833$0$47,315,263
89$64,809,756$2,961,797$0$51,946,317
90$71,255,464$2,942,038$0$57,056,934
91$78,353,440$2,916,117$0$62,683,983
92$86,170,053$2,883,568$0$68,880,040
93$94,778,433$2,843,897$0$75,703,043
94$104,259,168$2,796,583$0$83,216,839
95$114,701,058$2,741,070$0$91,491,787
96$126,201,955$2,676,772$0$100,605,421
97$138,869,688$2,603,067$0$110,643,187
98$152,823,076$2,519,298$0$121,699,242
99$168,193,053$2,424,767$0$133,877,351
100$185,123,902$2,318,738$0$147,291,862