Can I retire at age 48 with 1,840,000?

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 $1,840,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$151,945$150,592$149,272$147,983$146,724$140,847
2 years$75,221$73,820$72,462$71,146$69,869$64,021
3 years$49,649$48,242$46,888$45,584$44,328$38,694
4 years$36,866$35,463$34,122$32,840$31,615$26,238
5 years$29,198$27,803$26,480$25,225$24,033$18,927
6 years$24,087$22,704$21,400$20,172$19,017$14,184
7 years$20,438$19,066$17,783$16,585$15,466$10,905
8 years$17,703$16,343$15,082$13,913$12,830$8,537
9 years$15,577$14,230$12,990$11,850$10,805$6,772
10 years$13,877$12,543$11,325$10,215$9,206$5,426
11 years$12,487$11,166$9,970$8,890$7,918$4,381
12 years$11,329$10,022$8,848$7,798$6,861$3,558
13 years$10,350$9,057$7,905$6,884$5,983$2,904
14 years$9,512$8,233$7,103$6,111$5,245$2,379
15 years$8,786$7,521$6,413$5,450$4,618$1,955
16 years$8,152$6,900$5,814$4,880$4,081$1,611
17 years$7,593$6,355$5,291$4,385$3,619$1,330
18 years$7,096$5,872$4,830$3,951$3,218$1,099
19 years$6,652$5,442$4,422$3,570$2,868$910
20 years$6,254$5,057$4,058$3,234$2,562$754
21 years$5,893$4,711$3,732$2,935$2,292$626
22 years$5,566$4,397$3,440$2,668$2,055$520
23 years$5,268$4,113$3,176$2,430$1,845$432
24 years$4,995$3,853$2,938$2,216$1,658$359
25 years$4,744$3,616$2,721$2,024$1,492$298
26 years$4,513$3,398$2,523$1,851$1,344$248
27 years$4,299$3,198$2,343$1,694$1,212$207
28 years$4,101$3,014$2,178$1,552$1,093$172
29 years$3,917$2,843$2,027$1,423$987$143
30 years$3,745$2,685$1,888$1,306$892$119
31 years$3,585$2,538$1,760$1,200$806$99
32 years$3,436$2,402$1,642$1,103$729$83
33 years$3,295$2,274$1,533$1,014$660$69
34 years$3,163$2,156$1,433$933$598$57
35 years$3,039$2,045$1,340$859$541$48
36 years$2,922$1,941$1,253$791$491$40
37 years$2,812$1,843$1,173$729$445$33
38 years$2,708$1,752$1,098$672$403$28
39 years$2,609$1,666$1,029$619$365$23
40 years$2,516$1,585$965$571$332$19
41 years$2,427$1,509$904$527$301$16
42 years$2,343$1,437$848$486$273$13
43 years$2,262$1,369$796$449$248$11
44 years$2,186$1,305$747$415$225$9
45 years$2,114$1,244$702$383$204$8
46 years$2,044$1,187$659$354$185$6
47 years$1,978$1,133$619$327$168$5
48 years$1,915$1,081$582$302$153$4
49 years$1,854$1,033$547$279$139$4
50 years$1,796$986$514$258$126$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,840,000, adding $3,480 every year, while hoping to spend $23,466 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: 24/46/30 Blend
47$1,840,000$1,840,000$1,840,000$1,840,000
48$2,031,270$1,933,750$1,905,230$2,060,853
49$2,213,491$2,003,536$1,944,087$2,156,399
50$2,413,513$2,075,955$1,983,460$2,256,499
51$2,633,126$2,151,111$2,023,340$2,363,259
52$2,874,303$2,229,114$2,063,720$2,477,252
53$3,139,217$2,310,075$2,104,589$2,599,105
54$3,430,261$2,394,113$2,145,938$2,729,502
55$3,750,074$2,481,350$2,187,752$2,869,199
56$4,101,560$2,571,915$2,230,021$3,019,021
57$4,487,920$2,665,940$2,272,728$3,179,873
58$4,912,681$2,763,564$2,315,857$3,352,752
59$5,379,729$2,864,933$2,359,392$3,538,748
60$5,893,342$2,970,196$2,403,313$3,739,061
61$6,458,238$3,079,510$2,447,599$3,955,007
62$7,079,612$3,193,040$2,492,228$4,188,033
63$7,763,190$3,310,956$2,537,174$4,439,728
64$8,515,278$3,433,436$2,582,412$4,711,837
65$9,342,827$3,560,665$2,627,914$5,006,279
66$10,253,494$3,692,836$2,673,647$5,325,163
67$11,255,716$3,830,151$2,719,581$5,670,809
68$12,358,791$3,972,820$2,765,678$6,045,765
69$13,572,961$4,121,062$2,811,902$6,452,834
70$14,909,515$4,275,105$2,858,213$6,895,100
71$16,380,888$4,435,189$2,904,566$7,375,953
72$18,000,786$4,601,560$2,950,916$7,899,124
73$19,784,308$4,774,478$2,997,213$8,468,716
74$21,748,094$4,954,214$3,043,406$9,089,244
75$23,910,478$5,141,049$3,089,439$9,765,677
76$26,291,664$5,335,278$3,135,252$10,503,481
77$28,913,914$5,537,206$3,180,784$11,308,673
78$31,801,759$5,747,155$3,225,966$12,187,875
79$34,982,231$5,965,459$3,270,728$13,148,375
80$38,485,117$6,192,465$3,314,996$14,198,197
81$42,343,241$6,428,537$3,358,690$15,346,172
82$46,592,771$6,674,055$3,401,725$16,602,025
83$51,273,564$6,929,414$3,444,014$17,976,459
84$56,429,541$7,195,029$3,485,462$19,481,261
85$62,109,099$7,471,330$3,525,970$21,129,409
86$68,365,570$7,758,768$3,565,432$22,935,193
87$75,257,723$8,057,813$3,603,739$24,914,349
88$82,850,320$8,368,955$3,640,774$27,084,206
89$91,214,726$8,692,706$3,676,413$29,463,848
90$100,429,581$9,029,603$3,710,526$32,074,291
91$110,581,547$9,380,202$3,742,978$34,938,682
92$121,766,121$9,745,087$3,773,623$38,082,517
93$134,088,536$10,124,868$3,802,310$41,533,873
94$147,664,759$10,520,178$3,828,880$45,323,680
95$162,622,581$10,931,684$3,853,164$49,486,003
96$179,102,826$11,360,078$3,874,987$54,058,369
97$197,260,677$11,806,085$3,894,162$59,082,111
98$217,267,144$12,270,461$3,910,494$64,602,764
99$239,310,676$12,753,997$3,923,779$70,670,487
100$263,598,940$13,257,518$3,933,800$77,340,535