Can I retire at age 48 with 1,700,000?

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 $1,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$140,384$139,134$137,914$136,723$135,560$130,751
2 years$69,497$68,203$66,949$65,732$64,553$59,758
3 years$45,871$44,571$43,320$42,115$40,955$36,326
4 years$34,061$32,765$31,526$30,342$29,209$24,782
5 years$26,976$25,688$24,465$23,305$22,204$17,990
6 years$22,255$20,976$19,772$18,637$17,570$13,571
7 years$18,883$17,616$16,430$15,323$14,289$10,506
8 years$16,356$15,100$13,934$12,854$11,854$8,283
9 years$14,392$13,147$12,002$10,949$9,983$6,619
10 years$12,821$11,589$10,463$9,438$8,506$5,344
11 years$11,537$10,317$9,212$8,214$7,315$4,349
12 years$10,467$9,260$8,175$7,205$6,339$3,561
13 years$9,563$8,368$7,304$6,361$5,528$2,930
14 years$8,788$7,606$6,563$5,646$4,846$2,421
15 years$8,118$6,949$5,925$5,035$4,267$2,006
16 years$7,532$6,375$5,372$4,509$3,771$1,667
17 years$7,015$5,871$4,888$4,051$3,343$1,389
18 years$6,556$5,425$4,462$3,651$2,973$1,159
19 years$6,146$5,028$4,085$3,299$2,650$968
20 years$5,778$4,672$3,749$2,988$2,367$810
21 years$5,445$4,352$3,448$2,712$2,118$678
22 years$5,142$4,063$3,178$2,465$1,899$568
23 years$4,867$3,800$2,935$2,245$1,704$477
24 years$4,615$3,560$2,714$2,048$1,532$400
25 years$4,383$3,341$2,514$1,870$1,378$336
26 years$4,169$3,140$2,331$1,710$1,242$282
27 years$3,972$2,955$2,165$1,565$1,119$237
28 years$3,789$2,784$2,013$1,434$1,010$199
29 years$3,619$2,627$1,873$1,315$912$167
30 years$3,460$2,481$1,744$1,207$824$141
31 years$3,313$2,345$1,626$1,108$745$118
32 years$3,174$2,219$1,517$1,019$674$100
33 years$3,044$2,101$1,417$937$610$84
34 years$2,923$1,992$1,324$862$552$70
35 years$2,808$1,889$1,238$793$500$59
36 years$2,700$1,793$1,158$731$453$50
37 years$2,598$1,703$1,084$673$411$42
38 years$2,502$1,618$1,015$621$372$35
39 years$2,411$1,539$951$572$338$30
40 years$2,324$1,464$891$528$306$25
41 years$2,242$1,394$836$487$278$21
42 years$2,164$1,327$784$449$252$18
43 years$2,090$1,265$736$415$229$15
44 years$2,020$1,206$690$383$208$13
45 years$1,953$1,150$648$354$189$11
46 years$1,889$1,097$609$327$171$9
47 years$1,828$1,047$572$302$155$7
48 years$1,769$999$538$279$141$6
49 years$1,713$954$505$258$128$5
50 years$1,660$911$475$238$116$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,700,000, adding $2,497 every year, while hoping to spend $31,869 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: 52/42/6 Blend
47$1,700,000$1,700,000$1,700,000$1,700,000
48$1,875,976$1,785,876$1,759,526$1,970,744
49$2,033,417$1,839,475$1,784,561$2,088,890
50$2,205,849$1,894,633$1,809,368$2,213,621
51$2,394,767$1,951,392$1,833,903$2,348,491
52$2,601,819$2,009,795$1,858,124$2,494,459
53$2,828,817$2,069,888$1,881,985$2,652,582
54$3,077,760$2,131,717$1,905,435$2,824,022
55$3,350,849$2,195,327$1,928,423$3,010,058
56$3,650,505$2,260,768$1,950,896$3,212,096
57$3,979,400$2,328,089$1,972,794$3,431,684
58$4,340,472$2,397,339$1,994,056$3,670,526
59$4,736,962$2,468,571$2,014,619$3,930,495
60$5,172,438$2,541,836$2,034,414$4,213,657
61$5,650,830$2,617,189$2,053,370$4,522,283
62$6,176,468$2,694,685$2,071,412$4,858,874
63$6,754,123$2,774,380$2,088,459$5,226,183
64$7,389,049$2,856,330$2,104,428$5,627,242
65$8,087,037$2,940,595$2,119,232$6,065,389
66$8,854,466$3,027,235$2,132,777$6,544,301
67$9,698,363$3,116,311$2,144,966$7,068,025
68$10,626,470$3,207,885$2,155,697$7,641,020
69$11,647,319$3,302,020$2,164,862$8,268,196
70$12,770,309$3,398,782$2,172,348$8,954,959
71$14,005,794$3,498,237$2,178,035$9,707,267
72$15,365,187$3,600,452$2,181,801$10,531,681
73$16,861,057$3,705,495$2,183,512$11,435,425
74$18,507,258$3,813,437$2,183,033$12,426,461
75$20,319,052$3,924,349$2,180,218$13,513,558
76$22,313,256$4,038,304$2,174,917$14,706,376
77$24,508,402$4,155,374$2,166,970$16,015,555
78$26,924,907$4,275,636$2,156,212$17,452,819
79$29,585,270$4,399,165$2,142,468$19,031,084
80$32,514,282$4,526,038$2,125,555$20,764,579
81$35,739,260$4,656,335$2,105,282$22,668,981
82$39,290,304$4,790,135$2,081,448$24,761,560
83$43,200,582$4,927,518$2,053,843$27,061,347
84$47,506,642$5,068,567$2,022,248$29,589,308
85$52,248,758$5,213,365$1,986,431$32,368,544
86$57,471,307$5,361,996$1,946,153$35,424,506
87$63,223,191$5,514,545$1,901,160$38,785,240
88$69,558,297$5,671,098$1,851,189$42,481,647
89$76,536,003$5,831,742$1,795,964$46,547,775
90$84,221,742$5,996,564$1,735,196$51,021,139
91$92,687,618$6,165,653$1,668,582$55,943,079
92$102,013,083$6,339,098$1,595,808$61,359,144
93$112,285,692$6,516,989$1,516,542$67,319,527
94$123,601,927$6,699,415$1,430,440$73,879,532
95$136,068,105$6,886,468$1,337,142$81,100,103
96$149,801,384$7,078,238$1,236,269$89,048,393
97$164,930,870$7,274,817$1,127,428$97,798,400
98$181,598,830$7,476,294$1,010,209$107,431,664
99$199,962,041$7,682,762$884,180$118,038,038
100$220,193,262$7,894,311$748,894$129,716,533