Can I retire at age 48 with 1,880,000?

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 $1,880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$155,249$153,866$152,517$151,200$149,914$145,173
2 years$76,856$75,424$74,037$72,692$71,388$66,654
3 years$50,728$49,291$47,907$46,575$45,291$40,714
4 years$37,667$36,234$34,864$33,554$32,302$27,916
5 years$29,832$28,408$27,056$25,773$24,556$20,372
6 years$24,611$23,197$21,865$20,611$19,430$15,453
7 years$20,883$19,481$18,170$16,945$15,802$12,031
8 years$18,088$16,699$15,410$14,215$13,109$9,542
9 years$15,915$14,539$13,272$12,108$11,040$7,672
10 years$14,178$12,816$11,571$10,437$9,406$6,233
11 years$12,758$11,409$10,187$9,084$8,090$5,105
12 years$11,575$10,240$9,041$7,967$7,010$4,208
13 years$10,575$9,254$8,077$7,034$6,113$3,486
14 years$9,719$8,412$7,257$6,244$5,359$2,900
15 years$8,977$7,684$6,553$5,569$4,718$2,421
16 years$8,329$7,050$5,941$4,986$4,170$2,027
17 years$7,758$6,493$5,406$4,480$3,697$1,700
18 years$7,250$6,000$4,935$4,037$3,288$1,429
19 years$6,797$5,560$4,518$3,648$2,930$1,203
20 years$6,390$5,167$4,146$3,304$2,617$1,014
21 years$6,021$4,813$3,814$2,999$2,342$856
22 years$5,687$4,493$3,515$2,726$2,100$723
23 years$5,382$4,202$3,245$2,483$1,885$611
24 years$5,103$3,937$3,001$2,265$1,694$517
25 years$4,847$3,695$2,780$2,068$1,524$437
26 years$4,611$3,472$2,578$1,891$1,373$370
27 years$4,392$3,268$2,394$1,731$1,238$314
28 years$4,190$3,079$2,226$1,586$1,117$266
29 years$4,002$2,905$2,071$1,454$1,009$225
30 years$3,827$2,743$1,929$1,335$911$191
31 years$3,663$2,593$1,799$1,226$824$162
32 years$3,510$2,454$1,678$1,127$745$137
33 years$3,367$2,324$1,567$1,036$675$117
34 years$3,232$2,203$1,464$953$611$99
35 years$3,105$2,089$1,369$877$553$84
36 years$2,986$1,983$1,280$808$501$71
37 years$2,873$1,883$1,198$745$454$60
38 years$2,767$1,790$1,122$686$412$51
39 years$2,666$1,702$1,051$633$373$43
40 years$2,570$1,619$985$584$339$37
41 years$2,480$1,541$924$538$307$31
42 years$2,394$1,468$867$497$279$27
43 years$2,312$1,399$813$459$253$23
44 years$2,234$1,333$764$424$230$19
45 years$2,159$1,271$717$391$209$16
46 years$2,089$1,213$673$361$189$14
47 years$2,021$1,157$633$334$172$12
48 years$1,956$1,105$594$308$156$10
49 years$1,895$1,055$559$285$142$8
50 years$1,836$1,008$525$264$129$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,880,000, adding $2,558 every year, while hoping to spend $22,687 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: 45/28/27 Blend
47$1,880,000$1,880,000$1,880,000$1,880,000
48$2,074,399$1,974,759$1,945,619$2,151,454
49$2,261,848$2,047,383$1,986,658$2,279,032
50$2,467,658$2,122,806$2,028,312$2,414,922
51$2,693,675$2,201,140$2,070,577$2,561,860
52$2,941,938$2,282,503$2,113,449$2,720,890
53$3,214,688$2,367,018$2,156,922$2,893,159
54$3,514,399$2,454,815$2,200,991$3,079,930
55$3,843,792$2,546,025$2,245,649$3,282,588
56$4,205,867$2,640,788$2,290,886$3,502,661
57$4,603,929$2,739,251$2,336,695$3,741,828
58$5,041,619$2,841,563$2,383,063$4,001,936
59$5,522,948$2,947,883$2,429,980$4,285,016
60$6,052,336$3,058,377$2,477,431$4,593,306
61$6,634,651$3,173,215$2,525,402$4,929,266
62$7,275,260$3,292,577$2,573,878$5,295,605
63$7,980,073$3,416,649$2,622,839$5,695,305
64$8,755,603$3,545,628$2,672,267$6,131,647
65$9,609,027$3,679,715$2,722,140$6,608,244
66$10,548,250$3,819,124$2,772,434$7,129,073
67$11,581,986$3,964,076$2,823,125$7,698,511
68$12,719,835$4,114,802$2,874,186$8,321,381
69$13,972,373$4,271,542$2,925,586$9,002,989
70$15,351,256$4,434,549$2,977,295$9,749,182
71$16,869,327$4,604,085$3,029,277$10,566,395
72$18,540,737$4,780,423$3,081,496$11,461,716
73$20,381,079$4,963,851$3,133,913$12,442,951
74$22,407,535$5,154,665$3,186,485$13,518,697
75$24,639,039$5,353,179$3,239,167$14,698,421
76$27,096,453$5,559,717$3,291,911$15,992,552
77$29,802,766$5,774,618$3,344,666$17,412,575
78$32,783,312$5,998,238$3,397,375$18,971,142
79$36,066,004$6,230,946$3,449,982$20,682,188
80$39,681,603$6,473,128$3,502,422$22,561,062
81$43,664,003$6,725,189$3,554,631$24,624,676
82$48,050,558$6,987,550$3,606,537$26,891,653
83$52,882,425$7,260,650$3,658,066$29,382,516
84$58,204,960$7,544,949$3,709,139$32,119,867
85$64,068,142$7,840,928$3,759,672$35,128,609
86$70,527,046$8,149,087$3,809,574$38,436,177
87$77,642,364$8,469,951$3,858,754$42,072,794
88$85,480,972$8,804,066$3,907,109$46,071,760
89$94,116,570$9,152,004$3,954,536$50,469,758
90$103,630,370$9,514,362$4,000,923$55,307,208
91$114,111,866$9,891,764$4,046,152$60,628,639
92$125,659,677$10,284,861$4,090,099$66,483,114
93$138,382,479$10,694,334$4,132,632$72,924,689
94$152,400,031$11,120,895$4,173,614$80,012,923
95$167,844,303$11,565,288$4,212,899$87,813,438
96$184,860,724$12,028,289$4,250,334$96,398,537
97$203,609,553$12,510,711$4,285,755$105,847,887
98$224,267,394$13,013,403$4,318,995$116,249,267
99$247,028,859$13,537,250$4,349,872$127,699,397
100$272,108,409$14,083,181$4,378,198$140,304,847