Can I retire at age 48 with 1,660,000?

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 $1,660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$137,081$135,860$134,669$133,506$132,371$130,178
2 years$67,862$66,598$65,373$64,186$63,034$60,831
3 years$44,792$43,523$42,301$41,124$39,991$37,847
4 years$33,259$31,994$30,784$29,628$28,522$26,453
5 years$26,341$25,083$23,890$22,757$21,682$19,694
6 years$21,731$20,483$19,306$18,199$17,156$15,251
7 years$18,439$17,201$16,044$14,962$13,953$12,132
8 years$15,971$14,745$13,606$12,552$11,575$9,838
9 years$14,053$12,838$11,719$10,691$9,748$8,093
10 years$12,519$11,316$10,217$9,216$8,306$6,732
11 years$11,265$10,074$8,995$8,021$7,143$5,649
12 years$10,221$9,042$7,983$7,035$6,190$4,774
13 years$9,338$8,171$7,132$6,211$5,398$4,057
14 years$8,582$7,427$6,408$5,513$4,732$3,464
15 years$7,927$6,785$5,786$4,917$4,166$2,969
16 years$7,354$6,225$5,246$4,403$3,682$2,553
17 years$6,850$5,733$4,773$3,956$3,265$2,202
18 years$6,402$5,298$4,357$3,565$2,903$1,903
19 years$6,002$4,910$3,989$3,221$2,587$1,648
20 years$5,642$4,562$3,661$2,917$2,311$1,430
21 years$5,317$4,250$3,367$2,648$2,068$1,243
22 years$5,021$3,967$3,104$2,407$1,854$1,081
23 years$4,752$3,710$2,866$2,192$1,664$941
24 years$4,506$3,476$2,650$2,000$1,496$820
25 years$4,280$3,262$2,455$1,826$1,346$716
26 years$4,071$3,066$2,276$1,670$1,212$625
27 years$3,878$2,885$2,114$1,528$1,093$546
28 years$3,700$2,719$1,965$1,400$986$477
29 years$3,534$2,565$1,829$1,284$891$417
30 years$3,379$2,422$1,703$1,179$805$365
31 years$3,235$2,290$1,588$1,082$728$319
32 years$3,099$2,167$1,482$995$658$279
33 years$2,973$2,052$1,383$915$596$245
34 years$2,854$1,945$1,293$842$539$214
35 years$2,742$1,845$1,208$775$488$188
36 years$2,636$1,751$1,131$714$443$164
37 years$2,537$1,663$1,058$657$401$144
38 years$2,443$1,580$991$606$364$126
39 years$2,354$1,503$928$559$330$111
40 years$2,269$1,430$870$515$299$97
41 years$2,189$1,361$816$475$271$85
42 years$2,113$1,296$765$439$246$75
43 years$2,041$1,235$718$405$223$65
44 years$1,972$1,177$674$374$203$57
45 years$1,907$1,123$633$345$184$50
46 years$1,844$1,071$595$319$167$44
47 years$1,785$1,022$559$295$152$39
48 years$1,727$976$525$272$138$34
49 years$1,673$932$493$252$125$30
50 years$1,621$890$464$233$114$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,660,000, adding $3,719 every year, while hoping to spend $47,946 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$1,660,000$1,660,000$1,660,000$1,660,000
48$1,833,156$1,745,176$1,719,446$1,960,864
49$1,969,124$1,779,676$1,726,033$2,080,335
50$2,117,353$1,814,259$1,731,234$2,204,842
51$2,279,045$1,848,879$1,734,952$2,339,872
52$2,455,519$1,883,485$1,737,085$2,486,454
53$2,648,230$1,918,024$1,737,525$2,645,718
54$2,858,778$1,952,436$1,736,161$2,818,913
55$3,088,925$1,986,657$1,732,874$3,007,410
56$3,340,612$2,020,620$1,727,542$3,212,725
57$3,615,975$2,054,251$1,720,035$3,436,523
58$3,917,365$2,087,469$1,710,216$3,680,641
59$4,247,372$2,120,192$1,697,945$3,947,104
60$4,608,849$2,152,326$1,683,071$4,238,141
61$5,004,937$2,183,775$1,665,439$4,556,210
62$5,439,093$2,214,433$1,644,884$4,904,017
63$5,915,129$2,244,188$1,621,236$5,284,546
64$6,437,240$2,272,921$1,594,315$5,701,085
65$7,010,047$2,300,503$1,563,933$6,157,257
66$7,638,641$2,326,797$1,529,894$6,657,053
67$8,328,629$2,351,657$1,491,993$7,204,874
68$9,086,188$2,374,926$1,450,013$7,805,569
69$9,918,121$2,396,439$1,403,730$8,464,480
70$10,831,923$2,416,019$1,352,908$9,187,496
71$11,835,851$2,433,475$1,297,302$9,981,108
72$12,939,000$2,448,607$1,236,654$10,852,466
73$14,151,390$2,461,202$1,170,695$11,809,453
74$15,484,062$2,471,031$1,099,143$12,860,755
75$16,949,178$2,477,852$1,021,705$14,015,947
76$18,560,135$2,481,409$938,074$15,285,580
77$20,331,698$2,481,427$847,929$16,681,281
78$22,280,131$2,477,617$750,934$18,215,867
79$24,423,354$2,469,670$646,740$19,903,461
80$26,781,111$2,457,258$534,981$21,759,629
81$29,375,157$2,440,036$415,275$23,801,528
82$32,229,460$2,417,635$287,224$26,048,064
83$35,370,430$2,389,664$150,411$28,520,076
84$38,827,166$2,355,710$4,402$31,240,529
85$42,631,731$2,315,334$0$34,234,733
86$46,819,454$2,268,072$0$37,548,356
87$51,429,263$2,213,432$0$41,196,076
88$56,504,050$2,150,892$0$45,211,314
89$62,091,078$2,079,901$0$49,631,475
90$68,242,428$1,999,876$0$54,497,773
91$75,015,484$1,910,198$0$59,855,633
92$82,473,480$1,810,214$0$65,755,108
93$90,686,094$1,699,234$0$72,251,361
94$99,730,104$1,576,525$0$79,405,181
95$109,690,115$1,441,316$0$87,283,557
96$120,659,355$1,292,788$0$95,960,315
97$132,740,555$1,130,080$0$105,516,811
98$146,046,916$952,278$0$116,042,702
99$160,703,180$758,419$0$127,636,791
100$176,846,808$547,485$0$140,407,960