Can I retire at age 48 with 1,890,000?

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 $1,890,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$156,074$154,684$153,328$152,004$150,711$145,887
2 years$77,265$75,826$74,431$73,079$71,767$66,951
3 years$50,998$49,553$48,162$46,822$45,532$40,876
4 years$37,867$36,427$35,049$33,733$32,474$28,013
5 years$29,991$28,559$27,200$25,910$24,686$20,432
6 years$24,742$23,320$21,981$20,720$19,533$15,490
7 years$20,994$19,585$18,267$17,035$15,886$12,053
8 years$18,184$16,788$15,492$14,291$13,179$9,553
9 years$16,000$14,617$13,343$12,172$11,098$7,677
10 years$14,254$12,884$11,633$10,493$9,456$6,233
11 years$12,826$11,470$10,241$9,132$8,133$5,102
12 years$11,637$10,295$9,089$8,010$7,048$4,203
13 years$10,632$9,303$8,120$7,071$6,146$3,479
14 years$9,771$8,456$7,296$6,277$5,387$2,893
15 years$9,025$7,725$6,587$5,598$4,743$2,413
16 years$8,373$7,088$5,972$5,013$4,192$2,018
17 years$7,799$6,527$5,435$4,504$3,717$1,692
18 years$7,289$6,032$4,961$4,059$3,305$1,421
19 years$6,833$5,590$4,542$3,667$2,946$1,195
20 years$6,424$5,195$4,168$3,322$2,631$1,007
21 years$6,053$4,839$3,834$3,015$2,355$849
22 years$5,717$4,517$3,534$2,741$2,111$717
23 years$5,411$4,224$3,263$2,496$1,895$605
24 years$5,130$3,958$3,017$2,277$1,703$512
25 years$4,873$3,714$2,795$2,079$1,532$433
26 years$4,635$3,491$2,592$1,901$1,380$366
27 years$4,416$3,285$2,407$1,740$1,245$310
28 years$4,212$3,096$2,237$1,594$1,123$262
29 years$4,023$2,920$2,082$1,462$1,014$222
30 years$3,847$2,758$1,939$1,342$916$188
31 years$3,683$2,607$1,808$1,232$828$159
32 years$3,529$2,467$1,687$1,133$749$135
33 years$3,385$2,336$1,575$1,041$678$115
34 years$3,249$2,214$1,472$958$614$97
35 years$3,122$2,100$1,376$882$556$82
36 years$3,002$1,993$1,287$812$504$70
37 years$2,888$1,893$1,205$749$457$59
38 years$2,781$1,799$1,128$690$414$50
39 years$2,680$1,711$1,057$636$375$43
40 years$2,584$1,628$991$587$341$36
41 years$2,493$1,550$929$541$309$31
42 years$2,406$1,476$871$500$280$26
43 years$2,324$1,406$818$461$254$22
44 years$2,246$1,340$768$426$231$19
45 years$2,171$1,278$721$393$210$16
46 years$2,100$1,219$677$363$190$13
47 years$2,032$1,164$636$336$173$11
48 years$1,967$1,111$598$310$157$10
49 years$1,905$1,061$562$287$143$8
50 years$1,845$1,013$528$265$129$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,890,000, adding $3,869 every year, while hoping to spend $34,482 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: 46/44/10 Blend
47$1,890,000$1,890,000$1,890,000$1,890,000
48$2,086,771$1,986,601$1,957,306$2,176,762
49$2,262,933$2,047,256$1,986,187$2,299,965
50$2,455,908$2,109,727$2,014,880$2,429,671
51$2,667,374$2,174,067$2,043,342$2,569,591
52$2,899,180$2,240,331$2,071,528$2,720,684
53$3,153,362$2,308,572$2,099,390$2,884,002
54$3,432,162$2,378,850$2,126,877$3,060,704
55$3,738,051$2,451,221$2,153,935$3,252,062
56$4,073,748$2,525,747$2,180,507$3,459,477
57$4,442,250$2,602,488$2,206,534$3,684,492
58$4,846,858$2,681,508$2,231,952$3,928,802
59$5,291,208$2,762,873$2,256,693$4,194,274
60$5,779,306$2,846,649$2,280,687$4,482,961
61$6,315,565$2,932,904$2,303,859$4,797,125
62$6,904,845$3,021,709$2,326,131$5,139,254
63$7,552,502$3,113,136$2,347,420$5,512,087
64$8,264,436$3,207,258$2,367,637$5,918,642
65$9,047,147$3,304,153$2,386,692$6,362,238
66$9,907,797$3,403,897$2,404,486$6,846,531
67$10,854,275$3,506,570$2,420,919$7,375,549
68$11,895,273$3,612,255$2,435,882$7,953,723
69$13,040,370$3,721,034$2,449,264$8,585,937
70$14,300,119$3,832,996$2,460,945$9,277,567
71$15,686,145$3,948,226$2,470,800$10,034,535
72$17,211,259$4,066,817$2,478,699$10,863,363
73$18,889,576$4,188,859$2,484,505$11,771,235
74$20,736,649$4,314,450$2,488,072$12,766,064
75$22,769,614$4,443,684$2,489,249$13,856,566
76$25,007,352$4,576,663$2,487,877$15,052,342
77$27,470,671$4,713,488$2,483,789$16,363,969
78$30,182,493$4,854,263$2,476,810$17,803,099
79$33,168,081$4,999,095$2,466,756$19,382,567
80$36,455,268$5,148,093$2,453,435$21,116,513
81$40,074,725$5,301,370$2,436,646$23,020,517
82$44,060,250$5,459,040$2,416,176$25,111,742
83$48,449,081$5,621,219$2,391,804$27,409,096
84$53,282,257$5,788,028$2,363,298$29,933,413
85$58,604,994$5,959,588$2,330,416$32,707,648
86$64,467,121$6,136,025$2,292,902$35,757,090
87$70,923,544$6,317,467$2,250,491$39,109,605
88$78,034,766$6,504,044$2,202,903$42,795,894
89$85,867,459$6,695,889$2,149,848$46,849,786
90$94,495,091$6,893,139$2,091,019$51,308,555
91$103,998,620$7,095,932$2,026,098$56,213,271
92$114,467,258$7,304,411$1,954,750$61,609,190
93$125,999,310$7,518,720$1,876,627$67,546,175
94$138,703,109$7,739,006$1,791,362$74,079,173
95$152,698,029$7,965,420$1,698,576$81,268,727
96$168,115,617$8,198,115$1,597,868$89,181,551
97$185,100,835$8,437,248$1,488,821$97,891,159
98$203,813,424$8,682,976$1,371,000$107,478,554
99$224,429,415$8,935,464$1,243,950$118,032,999
100$247,142,787$9,194,874$1,107,195$129,652,853