Can I retire at age 48 with 1,770,000?

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 $1,770,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$146,165$144,863$143,593$142,353$141,142$140,253
2 years$72,359$71,011$69,705$68,439$67,211$66,313
3 years$47,760$46,407$45,104$43,849$42,641$41,764
4 years$35,463$34,114$32,824$31,591$30,412$29,562
5 years$28,087$26,746$25,473$24,265$23,119$22,298
6 years$23,171$21,840$20,586$19,405$18,293$17,502
7 years$19,661$18,341$17,107$15,954$14,877$14,117
8 years$17,030$15,722$14,508$13,383$12,342$11,613
9 years$14,984$13,689$12,496$11,400$10,394$9,695
10 years$13,349$12,066$10,894$9,827$8,856$8,188
11 years$12,012$10,741$9,591$8,552$7,616$6,978
12 years$10,898$9,641$8,512$7,501$6,600$5,991
13 years$9,957$8,713$7,605$6,623$5,756$5,175
14 years$9,150$7,920$6,833$5,879$5,045$4,492
15 years$8,452$7,235$6,169$5,243$4,442$3,916
16 years$7,842$6,638$5,593$4,694$3,926$3,427
17 years$7,304$6,113$5,090$4,218$3,481$3,007
18 years$6,826$5,649$4,646$3,801$3,095$2,646
19 years$6,399$5,235$4,253$3,435$2,759$2,334
20 years$6,016$4,865$3,904$3,111$2,464$2,062
21 years$5,669$4,531$3,590$2,823$2,205$1,826
22 years$5,354$4,230$3,309$2,567$1,977$1,618
23 years$5,067$3,956$3,055$2,338$1,774$1,437
24 years$4,805$3,707$2,826$2,132$1,595$1,277
25 years$4,563$3,478$2,617$1,947$1,435$1,136
26 years$4,341$3,269$2,427$1,780$1,293$1,011
27 years$4,135$3,077$2,254$1,630$1,166$901
28 years$3,945$2,899$2,095$1,493$1,052$804
29 years$3,768$2,735$1,950$1,369$950$717
30 years$3,603$2,583$1,816$1,257$858$640
31 years$3,449$2,442$1,693$1,154$776$572
32 years$3,305$2,310$1,580$1,061$702$511
33 years$3,170$2,188$1,475$975$635$457
34 years$3,043$2,074$1,378$897$575$408
35 years$2,924$1,967$1,289$826$521$365
36 years$2,811$1,867$1,205$761$472$327
37 years$2,705$1,773$1,128$701$428$293
38 years$2,605$1,685$1,057$646$388$262
39 years$2,510$1,602$990$596$352$235
40 years$2,420$1,524$928$550$319$210
41 years$2,335$1,451$870$507$289$188
42 years$2,253$1,382$816$468$263$168
43 years$2,176$1,317$766$432$238$151
44 years$2,103$1,255$719$399$216$135
45 years$2,033$1,197$675$368$196$121
46 years$1,966$1,142$634$340$178$109
47 years$1,903$1,090$596$314$162$97
48 years$1,842$1,040$560$290$147$87
49 years$1,784$993$526$268$134$78
50 years$1,728$949$495$248$121$70

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,770,000, adding $4,822 every year, while hoping to spend $42,120 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: 69/13/18 Blend
47$1,770,000$1,770,000$1,770,000$1,770,000
48$1,955,514$1,861,704$1,834,269$2,081,632
49$2,110,161$1,908,112$1,850,902$2,212,766
50$2,279,170$1,955,382$1,866,680$2,350,776
51$2,463,963$2,003,513$1,881,530$2,500,735
52$2,666,101$2,052,500$1,895,376$2,663,818
53$2,887,309$2,102,338$1,908,137$2,841,319
54$3,129,482$2,153,020$1,919,727$3,034,662
55$3,394,708$2,204,537$1,930,057$3,245,418
56$3,685,287$2,256,877$1,939,032$3,475,316
57$4,003,751$2,310,029$1,946,554$3,726,262
58$4,352,888$2,363,975$1,952,519$4,000,356
59$4,735,772$2,418,699$1,956,817$4,299,910
60$5,155,785$2,474,180$1,959,334$4,627,473
61$5,616,653$2,530,393$1,959,951$4,985,853
62$6,122,482$2,587,312$1,958,539$5,378,144
63$6,677,793$2,644,908$1,954,968$5,807,756
64$7,287,566$2,703,147$1,949,097$6,278,445
65$7,957,288$2,761,991$1,940,783$6,794,353
66$8,693,003$2,821,401$1,929,870$7,360,039
67$9,501,369$2,881,329$1,916,201$7,980,532
68$10,389,722$2,941,727$1,899,607$8,661,372
69$11,366,142$3,002,540$1,879,912$9,408,661
70$12,439,531$3,063,708$1,856,932$10,229,129
71$13,619,699$3,125,165$1,830,474$11,130,188
72$14,917,451$3,186,840$1,800,338$12,120,008
73$16,344,692$3,248,657$1,766,311$13,207,593
74$17,914,541$3,310,531$1,728,172$14,402,863
75$19,641,449$3,372,372$1,685,691$15,716,753
76$21,541,339$3,434,081$1,638,624$17,161,313
77$23,631,757$3,495,552$1,586,719$18,749,822
78$25,932,034$3,556,672$1,529,712$20,496,915
79$28,463,469$3,617,316$1,467,324$22,418,719
80$31,249,530$3,677,352$1,399,268$24,533,007
81$34,316,078$3,736,638$1,325,239$26,859,367
82$37,691,605$3,795,020$1,244,921$29,419,386
83$41,407,507$3,852,335$1,157,985$32,236,852
84$45,498,379$3,908,406$1,064,083$35,337,983
85$50,002,341$3,963,044$962,857$38,751,671
86$54,961,394$4,016,048$853,928$42,509,757
87$60,421,824$4,067,202$736,902$46,647,332
88$66,434,631$4,116,276$611,368$51,203,069
89$73,056,011$4,163,022$476,898$56,219,585
90$80,347,892$4,207,177$333,041$61,743,849
91$88,378,510$4,248,461$179,331$67,827,622
92$97,223,057$4,286,575$15,278$74,527,948
93$106,964,391$4,321,200$0$81,907,691
94$117,693,816$4,351,996$0$90,066,823
95$129,511,942$4,378,600$0$99,056,129
96$142,529,638$4,400,630$0$108,956,922
97$156,869,074$4,417,674$0$119,862,041
98$172,664,878$4,429,298$0$131,873,793
99$190,065,401$4,435,039$0$145,104,920
100$209,234,121$4,434,405$0$159,679,658