Can I retire at age 48 with 1,740,000?

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 $1,740,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$143,688$142,408$141,159$139,940$138,750$135,396
2 years$71,132$69,808$68,524$67,279$66,071$62,712
3 years$46,951$45,620$44,339$43,106$41,918$38,659
4 years$34,862$33,536$32,268$31,056$29,897$26,763
5 years$27,611$26,292$25,041$23,854$22,727$19,727
6 years$22,778$21,470$20,237$19,076$17,983$15,120
7 years$19,328$18,030$16,817$15,683$14,625$11,899
8 years$16,741$15,455$14,262$13,156$12,133$9,543
9 years$14,730$13,457$12,284$11,206$10,218$7,762
10 years$13,122$11,861$10,709$9,660$8,706$6,381
11 years$11,808$10,559$9,428$8,407$7,487$5,291
12 years$10,713$9,478$8,367$7,374$6,488$4,416
13 years$9,788$8,565$7,476$6,510$5,658$3,706
14 years$8,995$7,785$6,717$5,779$4,960$3,124
15 years$8,309$7,112$6,065$5,154$4,367$2,643
16 years$7,709$6,525$5,498$4,615$3,860$2,242
17 years$7,180$6,009$5,003$4,146$3,422$1,907
18 years$6,711$5,553$4,567$3,737$3,043$1,626
19 years$6,291$5,146$4,181$3,376$2,712$1,389
20 years$5,914$4,782$3,837$3,058$2,423$1,188
21 years$5,573$4,455$3,530$2,775$2,168$1,017
22 years$5,263$4,158$3,253$2,523$1,943$872
23 years$4,981$3,889$3,004$2,298$1,744$748
24 years$4,723$3,644$2,778$2,096$1,568$642
25 years$4,486$3,419$2,573$1,914$1,411$552
26 years$4,267$3,214$2,386$1,750$1,271$475
27 years$4,065$3,025$2,216$1,602$1,146$408
28 years$3,878$2,850$2,060$1,468$1,034$351
29 years$3,704$2,689$1,917$1,346$934$302
30 years$3,542$2,539$1,786$1,235$843$260
31 years$3,391$2,400$1,665$1,135$763$224
32 years$3,249$2,271$1,553$1,043$690$193
33 years$3,116$2,151$1,450$959$624$167
34 years$2,991$2,039$1,355$882$565$144
35 years$2,874$1,934$1,267$812$512$124
36 years$2,764$1,835$1,185$748$464$107
37 years$2,659$1,743$1,109$689$420$92
38 years$2,561$1,656$1,039$635$381$79
39 years$2,467$1,575$973$586$346$68
40 years$2,379$1,499$912$540$313$59
41 years$2,295$1,427$855$498$284$51
42 years$2,215$1,359$802$460$258$44
43 years$2,139$1,294$753$425$234$38
44 years$2,067$1,234$707$392$213$33
45 years$1,999$1,177$664$362$193$28
46 years$1,933$1,122$623$334$175$24
47 years$1,871$1,071$585$309$159$21
48 years$1,811$1,023$550$286$145$18
49 years$1,754$977$517$264$131$16
50 years$1,699$933$486$244$119$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,740,000, adding $3,585 every year, while hoping to spend $57,752 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: 60/22/18 Blend
47$1,740,000$1,740,000$1,740,000$1,740,000
48$1,921,178$1,828,958$1,801,988$2,027,305
49$2,055,690$1,857,129$1,800,907$2,127,627
50$2,201,988$1,884,745$1,797,854$2,230,315
51$2,361,210$1,911,718$1,792,702$2,341,015
52$2,534,615$1,937,953$1,785,318$2,460,512
53$2,723,582$1,963,349$1,775,563$2,589,668
54$2,929,632$1,987,798$1,763,289$2,729,439
55$3,154,439$2,011,185$1,748,344$2,880,875
56$3,399,845$2,033,386$1,730,567$3,045,136
57$3,667,878$2,054,271$1,709,790$3,223,501
58$3,960,769$2,073,698$1,685,835$3,417,381
59$4,280,977$2,091,518$1,658,520$3,628,333
60$4,631,206$2,107,572$1,627,650$3,858,073
61$5,014,436$2,121,689$1,593,023$4,108,493
62$5,433,947$2,133,691$1,554,428$4,381,683
63$5,893,351$2,143,384$1,511,643$4,679,945
64$6,396,627$2,150,563$1,464,437$5,005,819
65$6,948,154$2,155,012$1,412,567$5,362,107
66$7,552,759$2,156,500$1,355,780$5,751,898
67$8,215,753$2,154,782$1,293,812$6,178,601
68$8,942,990$2,149,597$1,226,385$6,645,974
69$9,740,916$2,140,668$1,153,210$7,158,162
70$10,616,631$2,127,702$1,073,984$7,719,735
71$11,577,957$2,110,389$988,392$8,335,735
72$12,633,509$2,088,398$896,103$9,011,721
73$13,792,776$2,061,380$796,773$9,753,823
74$15,066,215$2,028,962$690,040$10,568,802
75$16,465,341$1,990,754$575,528$11,464,112
76$18,002,843$1,946,338$452,846$12,447,973
77$19,692,698$1,895,274$321,581$13,529,451
78$21,550,306$1,837,095$181,307$14,718,539
79$23,592,632$1,771,307$31,575$16,026,259
80$25,838,367$1,697,388$0$17,464,762
81$28,308,105$1,614,784$0$19,072,072
82$31,024,534$1,522,911$0$20,846,408
83$34,012,653$1,421,150$0$22,798,086
84$37,300,003$1,308,846$0$24,945,164
85$40,916,932$1,185,308$0$27,307,549
86$44,896,876$1,049,805$0$29,907,178
87$49,276,677$901,565$0$32,768,232
88$54,096,927$739,771$0$35,917,363
89$59,402,355$563,561$0$39,383,946
90$65,242,244$372,024$0$43,200,354
91$71,670,898$164,198$0$47,402,273
92$78,748,154$0$0$52,029,030
93$86,539,946$0$0$57,138,724
94$95,118,924$0$0$62,808,577
95$104,565,142$0$0$69,051,769
96$114,966,814$0$0$75,926,623
97$126,421,140$0$0$83,497,407
98$139,035,232$0$0$91,834,938
99$152,927,113$0$0$101,017,252
100$168,226,840$0$0$111,130,340