Can I retire at age 48 with 1,670,000?

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 $1,670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$137,907$136,679$135,480$134,310$133,168$129,164
2 years$68,271$66,999$65,767$64,572$63,413$59,413
3 years$45,062$43,785$42,556$41,372$40,232$36,361
4 years$33,460$32,186$30,970$29,806$28,694$24,982
5 years$26,500$25,235$24,034$22,894$21,813$18,269
6 years$21,862$20,606$19,423$18,309$17,260$13,888
7 years$18,550$17,305$16,140$15,052$14,037$10,837
8 years$16,068$14,833$13,688$12,627$11,645$8,615
9 years$14,138$12,915$11,790$10,756$9,807$6,944
10 years$12,595$11,384$10,279$9,271$8,356$5,656
11 years$11,333$10,135$9,049$8,069$7,186$4,644
12 years$10,282$9,096$8,031$7,077$6,227$3,838
13 years$9,394$8,220$7,175$6,248$5,430$3,189
14 years$8,633$7,472$6,447$5,547$4,760$2,660
15 years$7,975$6,826$5,821$4,947$4,191$2,227
16 years$7,399$6,263$5,277$4,429$3,704$1,869
17 years$6,891$5,768$4,802$3,980$3,284$1,573
18 years$6,441$5,330$4,384$3,586$2,920$1,326
19 years$6,038$4,939$4,013$3,241$2,603$1,120
20 years$5,676$4,590$3,683$2,935$2,325$947
21 years$5,349$4,275$3,388$2,664$2,081$801
22 years$5,052$3,991$3,122$2,422$1,865$679
23 years$4,781$3,733$2,883$2,206$1,674$576
24 years$4,533$3,497$2,666$2,012$1,505$489
25 years$4,306$3,282$2,469$1,837$1,354$415
26 years$4,096$3,084$2,290$1,680$1,220$352
27 years$3,902$2,903$2,127$1,538$1,100$300
28 years$3,722$2,735$1,977$1,409$992$255
29 years$3,555$2,580$1,840$1,292$896$217
30 years$3,399$2,437$1,714$1,186$810$184
31 years$3,254$2,304$1,598$1,089$732$157
32 years$3,118$2,180$1,491$1,001$662$133
33 years$2,991$2,064$1,392$920$599$113
34 years$2,871$1,957$1,300$847$542$97
35 years$2,758$1,856$1,216$779$491$82
36 years$2,652$1,761$1,137$718$445$70
37 years$2,552$1,673$1,065$661$403$60
38 years$2,458$1,590$997$610$366$51
39 years$2,368$1,512$934$562$332$43
40 years$2,283$1,438$875$518$301$37
41 years$2,203$1,369$821$478$273$31
42 years$2,126$1,304$770$441$248$27
43 years$2,053$1,242$723$408$225$23
44 years$1,984$1,184$678$376$204$19
45 years$1,918$1,129$637$347$185$16
46 years$1,855$1,077$598$321$168$14
47 years$1,795$1,028$562$297$153$12
48 years$1,738$981$528$274$139$10
49 years$1,683$937$496$253$126$9
50 years$1,631$895$467$234$114$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,670,000, adding $4,265 every year, while hoping to spend $48,952 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: 67/26/7 Blend
47$1,670,000$1,670,000$1,670,000$1,670,000
48$1,844,739$1,756,229$1,730,344$1,965,854
49$1,980,818$1,790,200$1,736,226$2,080,729
50$2,129,136$1,824,195$1,740,665$2,199,968
51$2,290,891$1,858,163$1,743,559$2,329,013
52$2,467,398$1,892,049$1,744,805$2,468,813
53$2,660,109$1,925,796$1,744,293$2,620,417
54$2,870,619$1,959,339$1,741,905$2,784,975
55$3,100,685$1,992,609$1,737,522$2,963,759
56$3,352,242$2,025,534$1,731,016$3,158,167
57$3,627,419$2,058,033$1,722,253$3,369,742
58$3,928,561$2,090,022$1,711,094$3,600,180
59$4,258,251$2,121,410$1,697,392$3,851,353
60$4,619,332$2,152,099$1,680,994$4,125,324
61$5,014,935$2,181,983$1,661,739$4,424,364
62$5,448,510$2,210,952$1,639,459$4,750,977
63$5,923,854$2,238,884$1,613,977$5,107,923
64$6,445,150$2,265,653$1,585,108$5,498,240
65$7,017,006$2,291,120$1,552,660$5,925,281
66$7,644,497$2,315,141$1,516,430$6,392,737
67$8,333,212$2,337,559$1,476,206$6,904,679
68$9,089,308$2,358,208$1,431,768$7,465,592
69$9,919,569$2,376,912$1,382,884$8,080,418
70$10,831,466$2,393,481$1,329,311$8,754,606
71$11,833,229$2,407,716$1,270,797$9,494,159
72$12,933,926$2,419,402$1,207,076$10,305,696
73$14,143,546$2,428,312$1,137,873$11,196,510
74$15,473,094$2,434,205$1,062,897$12,174,640
75$16,934,693$2,436,825$981,848$13,248,945
76$18,541,701$2,435,898$894,409$14,429,191
77$20,308,833$2,431,135$800,250$15,726,140
78$22,252,302$2,422,229$699,027$17,151,656
79$24,389,973$2,408,854$590,380$18,718,812
80$26,741,525$2,390,664$473,933$20,442,019
81$29,328,645$2,367,291$349,294$22,337,159
82$32,175,225$2,338,346$216,054$24,421,739
83$35,307,591$2,303,418$73,784$26,715,051
84$38,754,748$2,262,068$0$29,238,363
85$42,548,658$2,213,835$0$32,020,940
86$46,724,535$2,158,227$0$35,089,046
87$51,321,184$2,094,726$0$38,465,674
88$56,381,359$2,022,782$0$42,182,240
89$61,952,172$1,941,813$0$46,273,372
90$68,085,535$1,851,204$0$50,777,230
91$74,838,651$1,750,303$0$55,735,870
92$82,274,548$1,638,423$0$61,195,643
93$90,462,681$1,514,835$0$67,207,631
94$99,479,582$1,378,769$0$73,828,130
95$109,409,582$1,229,412$0$81,119,184
96$120,345,610$1,065,903$0$89,149,171
97$132,390,064$887,334$0$97,993,448
98$145,655,782$692,745$0$107,735,067
99$160,267,105$481,123$0$118,465,556
100$176,361,047$251,395$0$130,285,787