Can I retire at age 48 with 1,900,000?

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 $1,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$156,900$155,503$154,139$152,808$151,509$148,876
2 years$77,673$76,227$74,825$73,465$72,147$69,503
3 years$51,268$49,815$48,417$47,070$45,773$43,201
4 years$38,068$36,619$35,235$33,911$32,646$30,164
5 years$30,150$28,710$27,344$26,047$24,817$22,433
6 years$24,873$23,444$22,098$20,830$19,637$17,354
7 years$21,105$19,688$18,363$17,126$15,970$13,789
8 years$18,280$16,876$15,574$14,366$13,249$11,168
9 years$16,085$14,694$13,414$12,237$11,157$9,177
10 years$14,329$12,952$11,694$10,548$9,506$7,624
11 years$12,894$11,530$10,295$9,180$8,176$6,390
12 years$11,698$10,349$9,137$8,052$7,085$5,393
13 years$10,688$9,353$8,163$7,109$6,178$4,577
14 years$9,822$8,501$7,335$6,310$5,416$3,903
15 years$9,073$7,766$6,622$5,628$4,769$3,341
16 years$8,418$7,125$6,004$5,039$4,214$2,869
17 years$7,840$6,562$5,463$4,528$3,737$2,471
18 years$7,328$6,064$4,987$4,080$3,323$2,132
19 years$6,869$5,620$4,566$3,687$2,962$1,844
20 years$6,457$5,222$4,190$3,339$2,645$1,597
21 years$6,085$4,864$3,854$3,031$2,367$1,386
22 years$5,747$4,540$3,552$2,755$2,122$1,204
23 years$5,439$4,247$3,280$2,509$1,905$1,047
24 years$5,157$3,979$3,033$2,289$1,712$911
25 years$4,898$3,734$2,809$2,090$1,541$793
26 years$4,660$3,509$2,606$1,911$1,388$691
27 years$4,439$3,303$2,420$1,749$1,251$603
28 years$4,235$3,112$2,249$1,603$1,129$526
29 years$4,045$2,936$2,093$1,470$1,019$459
30 years$3,868$2,773$1,950$1,349$921$401
31 years$3,702$2,621$1,818$1,239$833$350
32 years$3,548$2,480$1,696$1,139$753$306
33 years$3,403$2,349$1,583$1,047$682$268
34 years$3,266$2,226$1,479$963$617$234
35 years$3,138$2,111$1,383$887$559$205
36 years$3,018$2,004$1,294$817$507$179
37 years$2,904$1,903$1,211$752$459$157
38 years$2,796$1,809$1,134$694$416$137
39 years$2,694$1,720$1,063$640$377$120
40 years$2,598$1,636$996$590$342$105
41 years$2,506$1,558$934$544$311$92
42 years$2,419$1,484$876$502$282$80
43 years$2,336$1,414$822$464$256$70
44 years$2,257$1,347$772$428$232$62
45 years$2,182$1,285$725$395$211$54
46 years$2,111$1,226$681$365$191$47
47 years$2,043$1,170$639$337$174$41
48 years$1,977$1,117$601$312$158$36
49 years$1,915$1,066$565$288$143$32
50 years$1,855$1,019$531$266$130$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,900,000, adding $2,921 every year, while hoping to spend $47,524 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: 54/33/13 Blend
47$1,900,000$1,900,000$1,900,000$1,900,000
48$2,096,813$1,996,113$1,966,663$2,202,769
49$2,260,123$2,043,357$1,981,981$2,322,415
50$2,438,497$2,091,324$1,996,219$2,447,200
51$2,633,423$2,139,998$2,009,292$2,581,927
52$2,846,537$2,189,362$2,021,107$2,727,550
53$3,079,640$2,239,397$2,031,571$2,885,124
54$3,334,716$2,290,081$2,040,581$3,055,806
55$3,613,950$2,341,387$2,048,034$3,240,876
56$3,919,747$2,393,290$2,053,818$3,441,739
57$4,254,757$2,445,757$2,057,816$3,659,946
58$4,621,896$2,498,753$2,059,907$3,897,204
59$5,024,378$2,552,240$2,059,962$4,155,395
60$5,465,741$2,606,177$2,057,848$4,436,593
61$5,949,883$2,660,515$2,053,422$4,743,081
62$6,481,096$2,715,206$2,046,536$5,077,377
63$7,064,109$2,770,192$2,037,037$5,442,255
64$7,704,131$2,825,414$2,024,760$5,840,772
65$8,406,899$2,880,806$2,009,536$6,276,296
66$9,178,733$2,936,295$1,991,185$6,752,540
67$10,026,595$2,991,805$1,969,521$7,273,595
68$10,958,155$3,047,252$1,944,348$7,843,971
69$11,981,864$3,102,543$1,915,460$8,468,635
70$13,107,029$3,157,583$1,882,643$9,153,066
71$14,343,905$3,212,264$1,845,672$9,903,299
72$15,703,792$3,266,474$1,804,310$10,725,988
73$17,199,137$3,320,089$1,758,313$11,628,463
74$18,843,654$3,372,978$1,707,421$12,618,807
75$20,652,453$3,425,001$1,651,366$13,705,926
76$22,642,183$3,476,005$1,589,866$14,899,637
77$24,831,184$3,525,828$1,522,626$16,210,760
78$27,239,669$3,574,297$1,449,337$17,651,220
79$29,889,903$3,621,226$1,369,678$19,234,160
80$32,806,422$3,666,416$1,283,312$20,974,067
81$36,016,261$3,709,653$1,189,886$22,886,908
82$39,549,206$3,750,713$1,089,034$24,990,282
83$43,438,079$3,789,352$980,370$27,303,583
84$47,719,045$3,825,312$863,494$29,848,192
85$52,431,953$3,858,318$737,987$32,647,669
86$57,620,713$3,888,076$603,411$35,727,984
87$63,333,709$3,914,275$459,308$39,117,762
88$69,624,255$3,936,582$305,202$42,848,548
89$76,551,097$3,954,642$140,594$46,955,113
90$84,178,969$3,968,081$0$51,475,779
91$92,579,204$3,976,497$0$56,457,648
92$101,830,404$3,979,466$0$61,963,535
93$112,019,181$3,976,536$0$68,025,304
94$123,240,979$3,967,228$0$74,699,583
95$135,600,970$3,951,033$0$82,048,782
96$149,215,046$3,927,411$0$90,141,680
97$164,210,916$3,895,788$0$99,054,073
98$180,729,306$3,855,559$0$108,869,496
99$198,925,291$3,806,077$0$119,680,006
100$218,969,758$3,746,662$0$131,587,058