Can I retire at age 48 with 1,780,000?

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 $1,780,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$146,991$145,681$144,404$143,157$141,940$141,164
2 years$72,768$71,412$70,099$68,826$67,590$66,807
3 years$48,030$46,669$45,359$44,097$42,882$42,116
4 years$35,663$34,307$33,010$31,770$30,584$29,841
5 years$28,246$26,897$25,617$24,402$23,249$22,532
6 years$23,302$21,963$20,702$19,515$18,396$17,705
7 years$19,772$18,445$17,204$16,044$14,961$14,297
8 years$17,126$15,810$14,590$13,459$12,412$11,774
9 years$15,069$13,766$12,566$11,464$10,453$9,841
10 years$13,424$12,134$10,956$9,882$8,906$8,321
11 years$12,079$10,802$9,645$8,600$7,660$7,100
12 years$10,960$9,695$8,560$7,544$6,638$6,103
13 years$10,013$8,762$7,648$6,660$5,788$5,279
14 years$9,202$7,964$6,871$5,912$5,074$4,588
15 years$8,500$7,275$6,204$5,272$4,467$4,006
16 years$7,886$6,675$5,625$4,721$3,948$3,509
17 years$7,345$6,148$5,118$4,242$3,501$3,084
18 years$6,865$5,681$4,672$3,823$3,113$2,718
19 years$6,436$5,265$4,277$3,454$2,774$2,400
20 years$6,050$4,892$3,926$3,128$2,478$2,124
21 years$5,701$4,557$3,611$2,839$2,218$1,883
22 years$5,384$4,254$3,328$2,581$1,988$1,672
23 years$5,096$3,978$3,073$2,351$1,784$1,486
24 years$4,832$3,728$2,842$2,144$1,604$1,323
25 years$4,589$3,498$2,632$1,958$1,443$1,179
26 years$4,366$3,288$2,441$1,790$1,300$1,051
27 years$4,159$3,094$2,267$1,639$1,172$938
28 years$3,967$2,916$2,107$1,502$1,058$838
29 years$3,789$2,750$1,961$1,377$955$749
30 years$3,623$2,598$1,827$1,264$863$670
31 years$3,468$2,456$1,703$1,161$780$599
32 years$3,324$2,323$1,589$1,067$706$536
33 years$3,188$2,200$1,483$981$639$480
34 years$3,060$2,085$1,386$902$578$430
35 years$2,940$1,978$1,296$831$524$385
36 years$2,827$1,877$1,212$765$475$345
37 years$2,720$1,783$1,135$705$430$310
38 years$2,619$1,695$1,063$650$390$278
39 years$2,524$1,611$995$599$354$249
40 years$2,434$1,533$933$553$321$223
41 years$2,348$1,459$875$510$291$200
42 years$2,266$1,390$821$471$264$180
43 years$2,189$1,324$770$434$240$161
44 years$2,115$1,262$723$401$217$145
45 years$2,045$1,204$679$370$197$130
46 years$1,978$1,148$638$342$179$117
47 years$1,914$1,096$599$316$163$105
48 years$1,852$1,046$563$292$148$94
49 years$1,794$999$529$270$134$84
50 years$1,738$954$497$250$122$76

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,780,000, adding $2,250 every year, while hoping to spend $23,919 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: 52/25/23 Blend
47$1,780,000$1,780,000$1,780,000$1,780,000
48$1,963,881$1,869,541$1,841,951$2,053,341
49$2,138,747$1,935,699$1,878,207$2,181,541
50$2,330,648$2,004,297$1,914,875$2,318,273
51$2,541,296$2,075,429$1,951,945$2,466,509
52$2,772,577$2,149,194$1,989,404$2,627,354
53$3,026,569$2,225,693$2,027,238$2,802,021
54$3,305,560$2,305,034$2,065,432$2,991,846
55$3,612,073$2,387,326$2,103,970$3,198,300
56$3,948,884$2,472,684$2,142,832$3,423,000
57$4,319,054$2,561,230$2,182,001$3,667,726
58$4,725,953$2,653,086$2,221,454$3,934,439
59$5,173,297$2,748,384$2,261,169$4,225,294
60$5,665,177$2,847,258$2,301,122$4,542,667
61$6,206,100$2,949,849$2,341,285$4,889,172
62$6,801,035$3,056,304$2,381,631$5,267,687
63$7,455,453$3,166,776$2,422,128$5,681,380
64$8,175,385$3,281,423$2,462,745$6,133,741
65$8,967,473$3,400,412$2,503,445$6,628,612
66$9,839,037$3,523,914$2,544,193$7,170,223
67$10,798,143$3,652,110$2,584,947$7,763,235
68$11,853,676$3,785,186$2,625,666$8,412,778
69$13,015,429$3,923,338$2,666,303$9,124,505
70$14,294,190$4,066,768$2,706,811$9,904,638
71$15,701,846$4,215,689$2,747,139$10,760,035
72$17,251,498$4,370,321$2,787,231$11,698,245
73$18,957,578$4,530,895$2,827,031$12,727,588
74$20,835,991$4,697,648$2,866,476$13,857,224
75$22,904,261$4,870,832$2,905,502$15,097,247
76$25,181,699$5,050,706$2,944,040$16,458,774
77$27,689,584$5,237,543$2,982,017$17,954,052
78$30,451,363$5,431,623$3,019,356$19,596,575
79$33,492,873$5,633,243$3,055,975$21,401,205
80$36,842,583$5,842,710$3,091,788$23,384,317
81$40,531,868$6,060,344$3,126,704$25,563,952
82$44,595,297$6,286,479$3,160,626$27,959,984
83$49,070,964$6,521,464$3,193,455$30,594,312
84$54,000,849$6,765,662$3,225,082$33,491,060
85$59,431,208$7,019,452$3,255,395$36,676,808
86$65,413,016$7,283,230$3,284,275$40,180,843
87$72,002,442$7,557,406$3,311,597$44,035,429
88$79,261,385$7,842,413$3,337,229$48,276,120
89$87,258,053$8,138,698$3,361,032$52,942,085
90$96,067,609$8,446,729$3,382,862$58,076,486
91$105,772,880$8,766,994$3,402,563$63,726,876
92$116,465,141$9,100,003$3,419,975$69,945,655
93$128,244,969$9,446,287$3,434,929$76,790,557
94$141,223,202$9,806,402$3,447,245$84,325,201
95$155,521,979$10,180,925$3,456,738$92,619,683
96$171,275,892$10,570,462$3,463,210$101,751,243
97$188,633,260$10,975,641$3,466,454$111,804,990
98$207,757,527$11,397,123$3,466,255$122,874,706
99$228,828,805$11,835,592$3,462,385$135,063,728
100$252,045,574$12,291,767$3,454,606$148,485,923