Can I retire at age 48 with 1,760,000?

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 $1,760,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$145,339$144,045$142,781$141,549$140,345$135,689
2 years$71,950$70,610$69,311$68,052$66,831$62,186
3 years$47,490$46,144$44,849$43,602$42,400$37,911
4 years$35,263$33,921$32,639$31,413$30,240$25,942
5 years$27,928$26,595$25,329$24,128$22,988$18,892
6 years$23,040$21,716$20,470$19,295$18,190$14,299
7 years$19,550$18,237$17,010$15,864$14,793$11,107
8 years$16,933$15,633$14,426$13,308$12,272$8,788
9 years$14,900$13,611$12,425$11,335$10,335$7,049
10 years$13,273$11,998$10,833$9,771$8,806$5,712
11 years$11,944$10,681$9,537$8,504$7,573$4,667
12 years$10,836$9,586$8,464$7,459$6,563$3,836
13 years$9,900$8,663$7,562$6,585$5,723$3,170
14 years$9,099$7,875$6,794$5,846$5,017$2,630
15 years$8,404$7,194$6,134$5,213$4,417$2,189
16 years$7,797$6,600$5,562$4,668$3,904$1,827
17 years$7,263$6,078$5,061$4,194$3,461$1,528
18 years$6,788$5,617$4,620$3,780$3,078$1,281
19 years$6,363$5,206$4,229$3,415$2,743$1,075
20 years$5,982$4,837$3,881$3,093$2,450$903
21 years$5,637$4,506$3,570$2,807$2,193$760
22 years$5,324$4,206$3,290$2,552$1,966$640
23 years$5,039$3,934$3,038$2,325$1,764$539
24 years$4,777$3,686$2,810$2,120$1,586$455
25 years$4,538$3,459$2,602$1,936$1,427$384
26 years$4,316$3,251$2,414$1,770$1,285$324
27 years$4,112$3,059$2,241$1,620$1,159$273
28 years$3,923$2,883$2,084$1,485$1,046$231
29 years$3,747$2,720$1,939$1,361$944$195
30 years$3,583$2,568$1,806$1,250$853$165
31 years$3,429$2,428$1,684$1,148$771$139
32 years$3,286$2,297$1,571$1,055$698$118
33 years$3,152$2,176$1,467$970$631$100
34 years$3,026$2,062$1,370$892$572$84
35 years$2,907$1,956$1,281$821$518$71
36 years$2,795$1,856$1,199$757$469$60
37 years$2,690$1,763$1,122$697$425$51
38 years$2,590$1,676$1,051$642$386$43
39 years$2,496$1,593$984$592$350$36
40 years$2,406$1,516$923$546$317$31
41 years$2,321$1,443$865$504$288$26
42 years$2,241$1,374$811$465$261$22
43 years$2,164$1,309$761$429$237$19
44 years$2,091$1,248$715$397$215$16
45 years$2,022$1,190$671$366$195$13
46 years$1,955$1,135$630$338$177$11
47 years$1,892$1,083$592$313$161$10
48 years$1,832$1,034$557$289$146$8
49 years$1,774$988$523$267$133$7
50 years$1,718$944$492$247$121$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,760,000, adding $3,997 every year, while hoping to spend $45,857 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: 74/21/5 Blend
47$1,760,000$1,760,000$1,760,000$1,760,000
48$1,943,643$1,850,363$1,823,083$2,086,466
49$2,093,103$1,892,239$1,835,365$2,222,834
50$2,256,271$1,934,630$1,846,521$2,365,944
51$2,434,497$1,977,514$1,856,466$2,521,383
52$2,629,267$2,020,863$1,865,108$2,690,352
53$2,842,216$2,064,649$1,872,353$2,874,176
54$3,075,146$2,108,841$1,878,102$3,074,310
55$3,330,041$2,153,404$1,882,247$3,292,359
56$3,609,083$2,198,299$1,884,681$3,530,090
57$3,914,678$2,243,484$1,885,286$3,789,449
58$4,249,474$2,288,914$1,883,942$4,072,579
59$4,616,388$2,334,538$1,880,522$4,381,841
60$5,018,630$2,380,301$1,874,890$4,719,835
61$5,459,740$2,426,146$1,866,909$5,089,427
62$5,943,613$2,472,006$1,856,430$5,493,772
63$6,474,541$2,517,814$1,843,300$5,936,347
64$7,057,251$2,563,494$1,827,357$6,420,982
65$7,696,951$2,608,965$1,808,433$6,951,897
66$8,399,375$2,654,139$1,786,351$7,533,741
67$9,170,842$2,698,923$1,760,925$8,171,636
68$10,018,313$2,743,215$1,731,961$8,871,227
69$10,949,456$2,786,908$1,699,256$9,638,733
70$11,972,717$2,829,883$1,662,598$10,481,004
71$13,097,403$2,872,016$1,621,764$11,405,592
72$14,333,766$2,913,173$1,576,521$12,420,816
73$15,693,102$2,953,210$1,526,626$13,535,843
74$17,187,855$2,991,974$1,471,825$14,760,775
75$18,831,735$3,029,300$1,411,850$16,106,741
76$20,639,849$3,065,012$1,346,424$17,586,009
77$22,628,840$3,098,924$1,275,255$19,212,094
78$24,817,045$3,130,834$1,198,039$20,999,892
79$27,224,668$3,160,531$1,114,459$22,965,814
80$29,873,973$3,187,785$1,024,182$25,127,948
81$32,789,487$3,212,355$926,860$27,506,226
82$35,998,237$3,233,983$822,132$30,122,613
83$39,530,002$3,252,393$709,619$33,001,312
84$43,417,596$3,267,294$588,925$36,168,999
85$47,697,173$3,278,374$459,636$39,655,066
86$52,408,574$3,285,303$321,323$43,491,909
87$57,595,695$3,287,730$173,534$47,715,223
88$63,306,908$3,285,281$15,800$52,364,350
89$69,595,514$3,277,560$0$57,482,641
90$76,520,243$3,264,147$0$63,126,011
91$84,145,813$3,244,596$0$69,340,400
92$92,543,537$3,218,432$0$76,183,014
93$101,791,996$3,185,154$0$83,717,826
94$111,977,783$3,144,230$0$92,015,331
95$123,196,314$3,095,094$0$101,153,217
96$135,552,735$3,037,151$0$111,217,096
97$149,162,908$2,969,765$0$122,301,312
98$164,154,509$2,892,268$0$134,509,834
99$180,668,227$2,803,948$0$147,957,236
100$198,859,099$2,704,053$0$162,769,782