Can I retire at age 48 with 1,710,000?

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 $1,710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$141,210$139,952$138,725$137,527$136,358$132,311
2 years$69,906$68,604$67,342$66,119$64,932$60,889
3 years$46,141$44,834$43,575$42,363$41,196$37,282
4 years$34,261$32,957$31,711$30,520$29,381$25,627
5 years$27,135$25,839$24,609$23,442$22,335$18,751
6 years$22,385$21,099$19,888$18,747$17,673$14,263
7 years$18,994$17,719$16,527$15,413$14,373$11,136
8 years$16,452$15,189$14,016$12,930$11,924$8,858
9 years$14,476$13,225$12,072$11,013$10,041$7,144
10 years$12,896$11,657$10,525$9,493$8,556$5,822
11 years$11,604$10,377$9,266$8,262$7,358$4,784
12 years$10,529$9,314$8,223$7,247$6,377$3,956
13 years$9,619$8,417$7,347$6,398$5,560$3,289
14 years$8,840$7,651$6,601$5,679$4,874$2,746
15 years$8,166$6,989$5,960$5,065$4,292$2,300
16 years$7,576$6,413$5,404$4,535$3,793$1,932
17 years$7,056$5,906$4,917$4,075$3,363$1,627
18 years$6,595$5,457$4,489$3,672$2,990$1,373
19 years$6,182$5,058$4,109$3,318$2,665$1,160
20 years$5,812$4,700$3,771$3,005$2,381$982
21 years$5,477$4,378$3,469$2,727$2,131$832
22 years$5,173$4,086$3,197$2,480$1,910$705
23 years$4,895$3,822$2,952$2,258$1,714$598
24 years$4,642$3,581$2,730$2,060$1,541$508
25 years$4,409$3,361$2,529$1,881$1,386$432
26 years$4,194$3,158$2,345$1,720$1,249$367
27 years$3,995$2,972$2,178$1,574$1,126$312
28 years$3,811$2,801$2,024$1,443$1,016$266
29 years$3,640$2,642$1,884$1,323$917$226
30 years$3,481$2,495$1,755$1,214$829$192
31 years$3,332$2,359$1,636$1,115$749$164
32 years$3,193$2,232$1,526$1,025$678$140
33 years$3,062$2,114$1,425$942$614$119
34 years$2,940$2,003$1,332$867$555$101
35 years$2,825$1,900$1,245$798$503$86
36 years$2,716$1,804$1,165$735$456$74
37 years$2,613$1,713$1,090$677$413$63
38 years$2,516$1,628$1,021$624$375$53
39 years$2,425$1,548$956$576$340$45
40 years$2,338$1,473$896$531$308$39
41 years$2,255$1,402$841$490$280$33
42 years$2,177$1,335$788$452$254$28
43 years$2,103$1,272$740$417$230$24
44 years$2,032$1,213$694$385$209$20
45 years$1,964$1,156$652$356$190$17
46 years$1,900$1,103$612$329$172$15
47 years$1,838$1,053$575$304$156$13
48 years$1,780$1,005$541$281$142$11
49 years$1,723$960$508$259$129$9
50 years$1,670$917$478$240$117$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,710,000, adding $2,546 every year, while hoping to spend $55,797 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: 36/41/23 Blend
47$1,710,000$1,710,000$1,710,000$1,710,000
48$1,887,046$1,796,416$1,769,911$1,941,797
49$2,020,157$1,825,073$1,769,836$2,010,911
50$2,164,976$1,853,264$1,767,887$2,080,146
51$2,322,637$1,880,907$1,763,945$2,153,770
52$2,494,389$1,907,915$1,757,881$2,232,210
53$2,681,608$1,934,194$1,749,561$2,315,941
54$2,885,806$1,959,644$1,738,845$2,405,485
55$3,108,649$1,984,157$1,725,587$2,501,423
56$3,351,969$2,007,618$1,709,632$2,604,396
57$3,617,784$2,029,906$1,690,819$2,715,114
58$3,908,315$2,050,889$1,668,979$2,834,362
59$4,226,009$2,070,428$1,643,935$2,963,007
60$4,573,557$2,088,374$1,615,502$3,102,011
61$4,953,925$2,104,569$1,583,487$3,252,435
62$5,370,377$2,118,845$1,547,685$3,415,454
63$5,826,508$2,131,021$1,507,885$3,592,368
64$6,326,278$2,140,907$1,463,866$3,784,611
65$6,874,047$2,148,300$1,415,393$3,993,771
66$7,474,616$2,152,983$1,362,226$4,221,603
67$8,133,275$2,154,728$1,304,108$4,470,046
68$8,855,849$2,153,289$1,240,776$4,741,244
69$9,648,755$2,148,410$1,171,951$5,037,564
70$10,519,059$2,139,813$1,097,343$5,361,624
71$11,474,548$2,127,209$1,016,649$5,716,314
72$12,523,797$2,110,287$929,551$6,104,829
73$13,676,253$2,088,720$835,720$6,530,698
74$14,942,322$2,062,159$734,808$6,997,816
75$16,333,471$2,030,236$626,456$7,510,489
76$17,862,327$1,992,560$510,285$8,073,469
77$19,542,807$1,948,718$385,902$8,692,005
78$21,390,239$1,898,271$252,895$9,371,893
79$23,421,513$1,840,755$110,836$10,119,531
80$25,655,234$1,775,679$0$10,941,984
81$28,111,904$1,702,524$0$11,857,054
82$30,814,109$1,620,738$0$12,893,024
83$33,786,735$1,529,741$0$14,032,286
84$37,057,201$1,428,917$0$15,285,452
85$40,655,717$1,317,616$0$16,664,227
86$44,615,570$1,195,149$0$18,181,519
87$48,973,437$1,060,790$0$19,851,565
88$53,769,729$913,771$0$21,690,066
89$59,048,975$753,279$0$23,714,337
90$64,860,238$578,457$0$25,943,472
91$71,257,580$388,399$0$28,398,528
92$78,300,571$182,149$0$31,102,726
93$86,054,851$0$0$34,081,670
94$94,592,747$0$0$37,382,230
95$103,993,959$0$0$41,107,323
96$114,346,306$0$0$45,209,608
97$125,746,558$0$0$49,727,469
98$138,301,350$0$0$54,703,207
99$152,128,182$0$0$60,183,431
100$167,356,535$0$0$66,219,504