Can I retire at age 48 with 1,930,000?

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 $1,930,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$159,378$157,958$156,573$155,221$153,901$151,539
2 years$78,900$77,430$76,006$74,625$73,286$70,912
3 years$52,077$50,602$49,181$47,813$46,496$44,183
4 years$38,669$37,198$35,791$34,447$33,161$30,928
5 years$30,626$29,163$27,775$26,458$25,209$23,062
6 years$25,265$23,814$22,447$21,159$19,947$17,889
7 years$21,438$19,999$18,653$17,396$16,222$14,254
8 years$18,569$17,143$15,819$14,593$13,458$11,578
9 years$16,339$14,926$13,625$12,430$11,333$9,542
10 years$14,555$13,156$11,879$10,715$9,657$7,952
11 years$13,097$11,712$10,458$9,325$8,305$6,685
12 years$11,883$10,512$9,281$8,179$7,197$5,660
13 years$10,857$9,500$8,292$7,221$6,276$4,820
14 years$9,977$8,635$7,451$6,410$5,501$4,124
15 years$9,216$7,889$6,727$5,717$4,844$3,542
16 years$8,551$7,238$6,099$5,119$4,281$3,052
17 years$7,964$6,666$5,550$4,599$3,796$2,638
18 years$7,443$6,159$5,066$4,145$3,375$2,285
19 years$6,978$5,708$4,638$3,745$3,008$1,983
20 years$6,559$5,305$4,256$3,392$2,687$1,725
21 years$6,181$4,941$3,915$3,078$2,405$1,502
22 years$5,838$4,612$3,608$2,799$2,155$1,309
23 years$5,525$4,314$3,332$2,549$1,935$1,143
24 years$5,239$4,042$3,081$2,325$1,739$999
25 years$4,976$3,793$2,854$2,123$1,565$873
26 years$4,733$3,565$2,647$1,941$1,410$764
27 years$4,509$3,355$2,458$1,777$1,271$669
28 years$4,302$3,161$2,285$1,628$1,147$586
29 years$4,108$2,982$2,126$1,493$1,035$514
30 years$3,929$2,816$1,980$1,370$936$451
31 years$3,761$2,662$1,846$1,258$846$395
32 years$3,604$2,519$1,723$1,157$765$347
33 years$3,456$2,386$1,608$1,064$692$304
34 years$3,318$2,261$1,503$979$627$267
35 years$3,188$2,145$1,405$901$568$235
36 years$3,065$2,036$1,314$830$515$206
37 years$2,950$1,933$1,230$764$466$181
38 years$2,840$1,837$1,152$705$423$159
39 years$2,737$1,747$1,079$650$383$140
40 years$2,639$1,662$1,012$599$348$123
41 years$2,546$1,582$949$553$315$108
42 years$2,457$1,507$890$510$286$95
43 years$2,373$1,436$835$471$260$83
44 years$2,293$1,369$784$435$236$73
45 years$2,217$1,305$736$402$214$64
46 years$2,144$1,245$691$371$194$57
47 years$2,075$1,188$649$343$176$50
48 years$2,008$1,134$610$317$160$44
49 years$1,945$1,083$574$293$146$39
50 years$1,884$1,035$539$271$132$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,930,000, adding $3,170 every year, while hoping to spend $47,022 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: 66/20/14 Blend
47$1,930,000$1,930,000$1,930,000$1,930,000
48$2,130,130$2,027,840$1,997,925$2,263,539
49$2,297,372$2,077,173$2,014,824$2,402,333
50$2,480,097$2,127,347$2,030,714$2,548,188
51$2,679,834$2,178,355$2,045,510$2,706,436
52$2,898,268$2,230,185$2,059,125$2,878,288
53$3,137,252$2,282,825$2,071,467$3,065,077
54$3,398,829$2,336,260$2,082,438$3,268,271
55$3,685,245$2,390,473$2,091,936$3,489,486
56$3,998,979$2,445,444$2,099,854$3,730,505
57$4,342,754$2,501,151$2,106,079$3,993,288
58$4,719,576$2,557,568$2,110,493$4,279,998
59$5,132,749$2,614,665$2,112,971$4,593,015
60$5,585,917$2,672,412$2,113,383$4,934,964
61$6,083,092$2,730,771$2,111,593$5,308,735
62$6,628,692$2,789,703$2,107,456$5,717,513
63$7,227,584$2,849,165$2,100,821$6,164,808
64$7,885,131$2,909,107$2,091,532$6,654,486
65$8,607,238$2,969,477$2,079,422$7,190,807
66$9,400,411$3,030,216$2,064,318$7,778,467
67$10,271,818$3,091,261$2,046,037$8,422,640
68$11,229,354$3,152,544$2,024,390$9,129,025
69$12,281,718$3,213,988$1,999,177$9,903,906
70$13,438,493$3,275,513$1,970,189$10,754,204
71$14,710,236$3,337,030$1,937,207$11,687,550
72$16,108,578$3,398,443$1,900,001$12,712,349
73$17,646,336$3,459,649$1,858,334$13,837,866
74$19,337,627$3,520,536$1,811,953$15,074,310
75$21,198,007$3,580,986$1,760,596$16,432,934
76$23,244,617$3,640,867$1,703,989$17,926,135
77$25,496,340$3,700,041$1,641,845$19,567,579
78$27,973,983$3,758,360$1,573,863$21,372,325
79$30,700,472$3,815,662$1,499,730$23,356,967
80$33,701,067$3,871,776$1,419,117$25,539,795
81$37,003,600$3,926,517$1,331,682$27,940,965
82$40,638,740$3,979,689$1,237,066$30,582,688
83$44,640,278$4,031,081$1,134,895$33,489,445
84$49,045,450$4,080,467$1,024,777$36,688,213
85$53,895,283$4,127,607$906,304$40,208,723
86$59,234,985$4,172,244$779,049$44,083,742
87$65,114,373$4,214,103$642,566$48,349,378
88$71,588,336$4,252,891$496,390$53,045,428
89$78,717,361$4,288,298$340,033$58,215,747
90$86,568,098$4,319,990$172,990$63,908,671
91$95,213,989$4,347,615$0$70,177,463
92$104,735,963$4,370,795$0$77,081,616
93$115,223,199$4,389,131$0$84,712,663
94$126,773,963$4,402,197$0$93,116,118
95$139,496,543$4,409,540$0$102,370,645
96$153,510,262$4,410,679$0$112,562,930
97$168,946,610$4,405,104$0$123,788,499
98$185,950,483$4,392,272$0$136,152,624
99$204,681,546$4,371,608$0$149,771,313
100$225,315,748$4,342,501$0$164,772,407