Can I retire at age 48 with 1,860,000?

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 $1,860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$153,597$152,229$150,894$149,591$148,319$145,922
2 years$76,038$74,622$73,250$71,919$70,628$68,220
3 years$50,189$48,766$47,397$46,079$44,809$42,465
4 years$37,266$35,848$34,493$33,197$31,958$29,695
5 years$29,515$28,106$26,768$25,499$24,294$22,119
6 years$24,349$22,950$21,633$20,392$19,223$17,139
7 years$20,661$19,274$17,977$16,765$15,634$13,641
8 years$17,896$16,521$15,246$14,064$12,970$11,068
9 years$15,746$14,385$13,131$11,979$10,922$9,110
10 years$14,027$12,679$11,448$10,326$9,306$7,583
11 years$12,622$11,288$10,079$8,987$8,004$6,367
12 years$11,452$10,131$8,945$7,883$6,936$5,384
13 years$10,463$9,156$7,991$6,959$6,048$4,578
14 years$9,615$8,322$7,180$6,178$5,302$3,912
15 years$8,882$7,602$6,483$5,509$4,668$3,356
16 years$8,241$6,975$5,878$4,933$4,126$2,888
17 years$7,675$6,424$5,348$4,432$3,658$2,492
18 years$7,173$5,936$4,882$3,994$3,253$2,156
19 years$6,725$5,501$4,470$3,609$2,899$1,868
20 years$6,322$5,112$4,102$3,269$2,590$1,622
21 years$5,957$4,762$3,773$2,967$2,317$1,410
22 years$5,626$4,445$3,477$2,697$2,077$1,228
23 years$5,325$4,157$3,211$2,457$1,865$1,070
24 years$5,049$3,895$2,969$2,241$1,676$933
25 years$4,795$3,655$2,750$2,046$1,508$815
26 years$4,562$3,435$2,551$1,871$1,358$712
27 years$4,346$3,233$2,369$1,713$1,225$622
28 years$4,146$3,047$2,202$1,569$1,105$544
29 years$3,959$2,874$2,049$1,439$998$476
30 years$3,786$2,714$1,909$1,321$902$417
31 years$3,624$2,566$1,779$1,213$815$365
32 years$3,473$2,428$1,660$1,115$737$320
33 years$3,331$2,299$1,550$1,025$667$280
34 years$3,198$2,179$1,448$943$604$246
35 years$3,072$2,067$1,354$868$547$215
36 years$2,954$1,962$1,267$800$496$189
37 years$2,843$1,863$1,186$737$449$166
38 years$2,737$1,771$1,110$679$407$145
39 years$2,637$1,684$1,040$626$369$127
40 years$2,543$1,602$975$577$335$112
41 years$2,453$1,525$914$533$304$98
42 years$2,368$1,452$858$492$276$86
43 years$2,287$1,384$805$454$250$76
44 years$2,210$1,319$755$419$227$66
45 years$2,136$1,258$709$387$206$58
46 years$2,066$1,200$666$358$187$51
47 years$2,000$1,145$626$330$170$45
48 years$1,936$1,093$588$305$154$39
49 years$1,874$1,044$553$282$140$35
50 years$1,816$997$520$261$127$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,860,000, adding $4,400 every year, while hoping to spend $31,926 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: 35/45/20 Blend
47$1,860,000$1,860,000$1,860,000$1,860,000
48$2,054,259$1,955,679$1,926,849$2,113,493
49$2,229,824$2,017,538$1,957,429$2,219,212
50$2,422,227$2,081,358$1,987,964$2,329,928
51$2,633,151$2,147,202$2,018,418$2,448,730
52$2,864,452$2,215,134$2,048,754$2,576,353
53$3,118,170$2,285,219$2,078,931$2,713,610
54$3,396,556$2,357,528$2,108,908$2,861,391
55$3,702,089$2,432,131$2,138,640$3,020,677
56$4,037,496$2,509,100$2,168,079$3,192,545
57$4,405,786$2,588,511$2,197,175$3,378,180
58$4,810,270$2,670,442$2,225,874$3,578,886
59$5,254,597$2,754,973$2,254,121$3,796,095
60$5,742,786$2,842,186$2,281,854$4,031,385
61$6,279,265$2,932,169$2,309,011$4,286,492
62$6,868,913$3,025,007$2,335,526$4,563,324
63$7,517,103$3,120,794$2,361,327$4,863,984
64$8,229,757$3,219,622$2,386,341$5,190,783
65$9,013,398$3,321,590$2,410,489$5,546,268
66$9,875,213$3,426,796$2,433,688$5,933,241
67$10,823,120$3,535,344$2,455,852$6,354,787
68$11,865,843$3,647,341$2,476,888$6,814,302
69$13,012,995$3,762,897$2,496,700$7,315,526
70$14,275,167$3,882,125$2,515,186$7,862,577
71$15,664,029$4,005,144$2,532,239$8,459,989
72$17,192,437$4,132,073$2,547,747$9,112,755
73$18,874,559$4,263,038$2,561,590$9,826,374
74$20,726,005$4,398,168$2,573,644$10,606,902
75$22,763,976$4,537,596$2,583,779$11,461,009
76$25,007,423$4,681,460$2,591,857$12,396,041
77$27,477,229$4,829,901$2,597,733$13,420,090
78$30,196,405$4,983,065$2,601,257$14,542,071
79$33,190,308$5,141,104$2,602,268$15,771,800
80$36,486,875$5,304,174$2,600,599$17,120,093
81$40,116,893$5,472,436$2,596,077$18,598,864
82$44,114,287$5,646,055$2,588,516$20,221,239
83$48,516,437$5,825,205$2,577,724$22,001,677
84$53,364,534$6,010,061$2,563,499$23,956,108
85$58,703,970$6,200,807$2,545,629$26,102,080
86$64,584,760$6,397,632$2,523,893$28,458,930
87$71,062,020$6,600,730$2,498,057$31,047,958
88$78,196,482$6,810,302$2,467,879$33,892,636
89$86,055,074$7,026,557$2,433,103$37,018,820
90$94,711,542$7,249,709$2,393,463$40,455,004
91$104,247,153$7,479,979$2,348,678$44,232,577
92$114,751,461$7,717,596$2,298,456$48,386,129
93$126,323,148$7,962,796$2,242,492$52,953,768
94$139,070,958$8,215,822$2,180,465$57,977,489
95$153,114,724$8,476,926$2,112,039$63,503,559
96$168,586,499$8,746,368$2,036,865$69,582,961
97$185,631,798$9,024,416$1,954,576$76,271,872
98$204,410,975$9,311,347$1,864,789$83,632,193
99$225,100,738$9,607,446$1,767,103$91,732,132
100$247,895,812$9,913,010$1,661,099$100,646,848