Can I retire at age 48 with 1,870,000?

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 $1,870,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$154,423$153,047$151,705$150,395$149,116$144,807
2 years$76,447$75,023$73,643$72,306$71,008$66,701
3 years$50,458$49,028$47,652$46,327$45,050$40,880
4 years$37,467$36,041$34,679$33,376$32,130$28,129
5 years$29,674$28,257$26,912$25,636$24,425$20,604
6 years$24,480$23,074$21,749$20,501$19,327$15,689
7 years$20,772$19,377$18,073$16,855$15,718$12,263
8 years$17,992$16,610$15,328$14,139$13,039$9,766
9 years$15,831$14,462$13,202$12,044$10,981$7,886
10 years$14,103$12,747$11,510$10,382$9,356$6,435
11 years$12,690$11,348$10,133$9,035$8,047$5,294
12 years$11,514$10,186$8,993$7,925$6,973$4,384
13 years$10,519$9,205$8,034$6,997$6,081$3,650
14 years$9,667$8,367$7,219$6,211$5,330$3,051
15 years$8,930$7,643$6,518$5,539$4,693$2,559
16 years$8,285$7,013$5,909$4,960$4,148$2,153
17 years$7,716$6,458$5,377$4,456$3,678$1,816
18 years$7,212$5,968$4,909$4,016$3,270$1,534
19 years$6,761$5,531$4,494$3,629$2,915$1,298
20 years$6,356$5,140$4,124$3,286$2,604$1,100
21 years$5,989$4,787$3,793$2,983$2,330$934
22 years$5,657$4,469$3,496$2,712$2,088$793
23 years$5,354$4,180$3,228$2,470$1,875$674
24 years$5,076$3,916$2,985$2,253$1,685$573
25 years$4,821$3,675$2,765$2,057$1,516$488
26 years$4,586$3,454$2,564$1,881$1,366$415
27 years$4,369$3,251$2,381$1,722$1,231$354
28 years$4,168$3,063$2,214$1,577$1,111$302
29 years$3,981$2,890$2,060$1,447$1,003$257
30 years$3,807$2,729$1,919$1,328$907$219
31 years$3,644$2,580$1,789$1,219$820$187
32 years$3,492$2,441$1,669$1,121$741$159
33 years$3,349$2,312$1,558$1,030$671$136
34 years$3,215$2,191$1,456$948$607$116
35 years$3,089$2,078$1,361$873$550$99
36 years$2,970$1,972$1,274$804$499$85
37 years$2,858$1,873$1,192$741$452$72
38 years$2,752$1,780$1,116$683$410$62
39 years$2,652$1,693$1,046$629$371$53
40 years$2,557$1,611$980$581$337$45
41 years$2,466$1,533$919$536$306$38
42 years$2,381$1,460$862$494$277$33
43 years$2,299$1,391$809$456$252$28
44 years$2,222$1,326$759$421$228$24
45 years$2,148$1,265$713$389$207$20
46 years$2,078$1,206$670$359$188$17
47 years$2,010$1,151$629$332$171$15
48 years$1,946$1,099$591$307$155$13
49 years$1,885$1,049$556$284$141$11
50 years$1,826$1,002$523$262$128$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,870,000, adding $5,745 every year, while hoping to spend $31,083 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: 84/10/6 Blend
47$1,870,000$1,870,000$1,870,000$1,870,000
48$2,066,666$1,967,556$1,938,571$2,239,130
49$2,244,394$2,030,894$1,970,441$2,415,880
50$2,439,208$2,096,294$2,002,337$2,605,151
51$2,652,819$2,163,824$2,034,227$2,812,047
52$2,887,110$2,233,555$2,066,077$3,038,318
53$3,144,155$2,305,559$2,097,850$3,285,888
54$3,426,239$2,379,911$2,129,508$3,556,880
55$3,735,879$2,456,691$2,161,011$3,853,628
56$4,075,848$2,535,978$2,192,314$4,178,705
57$4,449,199$2,617,855$2,223,371$4,534,943
58$4,859,297$2,702,410$2,254,133$4,925,464
59$5,309,847$2,789,730$2,284,549$5,353,703
60$5,804,934$2,879,909$2,314,563$5,823,447
61$6,349,053$2,973,041$2,344,118$6,338,865
62$6,947,162$3,069,225$2,373,151$6,904,552
63$7,604,718$3,168,563$2,401,597$7,525,568
64$8,327,737$3,271,160$2,429,388$8,207,487
65$9,122,845$3,377,126$2,456,452$8,956,450
66$9,997,343$3,486,573$2,482,710$9,779,223
67$10,959,275$3,599,618$2,508,084$10,683,259
68$12,017,503$3,716,381$2,532,487$11,676,770
69$13,181,792$3,836,988$2,555,829$12,768,802
70$14,462,902$3,961,567$2,578,017$13,969,324
71$15,872,687$4,090,253$2,598,949$15,289,316
72$17,424,209$4,223,183$2,618,522$16,740,877
73$19,131,860$4,360,501$2,636,624$18,337,340
74$21,011,499$4,502,354$2,653,139$20,093,391
75$23,080,598$4,648,896$2,667,946$22,025,215
76$25,358,413$4,800,285$2,680,916$24,150,643
77$27,866,157$4,956,686$2,691,913$26,489,324
78$30,627,209$5,118,268$2,700,796$29,062,905
79$33,667,328$5,285,206$2,707,416$31,895,241
80$37,014,897$5,457,683$2,711,616$35,012,617
81$40,701,193$5,635,886$2,713,233$38,443,994
82$44,760,682$5,820,011$2,712,092$42,221,285
83$49,231,339$6,010,259$2,708,015$46,379,655
84$54,155,012$6,206,839$2,700,810$50,957,853
85$59,577,816$6,409,966$2,690,280$55,998,575
86$65,550,564$6,619,865$2,676,215$61,548,869
87$72,129,250$6,836,767$2,658,397$67,660,579
88$79,375,577$7,060,912$2,636,597$74,390,833
89$87,357,537$7,292,549$2,610,574$81,802,583
90$96,150,056$7,531,933$2,580,078$89,965,195
91$105,835,695$7,779,332$2,544,845$98,955,109
92$116,505,438$8,035,020$2,504,599$108,856,557
93$128,259,541$8,299,285$2,459,051$119,762,358
94$141,208,485$8,572,420$2,407,900$131,774,794
95$155,474,014$8,854,733$2,350,829$145,006,575
96$171,190,290$9,146,541$2,287,507$159,581,903
97$188,505,150$9,448,172$2,217,589$175,637,642
98$207,581,509$9,759,967$2,140,713$193,324,614
99$228,598,895$10,082,277$2,056,499$212,809,017
100$251,755,143$10,415,470$1,964,552$234,273,998