Can I retire at age 48 with 1,950,000?

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 $1,950,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$161,029$159,595$158,195$156,829$155,496$153,362
2 years$79,717$78,233$76,794$75,399$74,046$71,900
3 years$52,617$51,126$49,691$48,309$46,978$44,886
4 years$39,070$37,583$36,162$34,804$33,505$31,484
5 years$30,943$29,466$28,063$26,733$25,470$23,526
6 years$25,527$24,061$22,679$21,378$20,153$18,288
7 years$21,660$20,206$18,847$17,576$16,390$14,604
8 years$18,761$17,320$15,983$14,744$13,597$11,890
9 years$16,508$15,081$13,767$12,559$11,451$9,822
10 years$14,706$13,293$12,002$10,826$9,757$8,206
11 years$13,233$11,834$10,566$9,422$8,391$6,916
12 years$12,006$10,621$9,377$8,264$7,271$5,870
13 years$10,969$9,599$8,378$7,296$6,341$5,012
14 years$10,081$8,725$7,528$6,477$5,558$4,300
15 years$9,312$7,970$6,797$5,776$4,894$3,703
16 years$8,639$7,313$6,162$5,172$4,325$3,200
17 years$8,047$6,735$5,607$4,647$3,835$2,774
18 years$7,520$6,223$5,119$4,188$3,410$2,409
19 years$7,050$5,768$4,686$3,784$3,039$2,098
20 years$6,627$5,359$4,300$3,427$2,715$1,829
21 years$6,245$4,992$3,956$3,110$2,430$1,598
22 years$5,899$4,660$3,646$2,828$2,178$1,397
23 years$5,583$4,358$3,366$2,575$1,955$1,223
24 years$5,293$4,084$3,113$2,349$1,757$1,072
25 years$5,027$3,832$2,883$2,145$1,581$941
26 years$4,782$3,602$2,674$1,961$1,424$826
27 years$4,556$3,390$2,483$1,795$1,284$725
28 years$4,346$3,194$2,308$1,645$1,159$638
29 years$4,151$3,013$2,148$1,508$1,046$561
30 years$3,969$2,846$2,001$1,384$945$493
31 years$3,800$2,690$1,865$1,271$855$434
32 years$3,641$2,545$1,741$1,169$773$382
33 years$3,492$2,410$1,625$1,075$700$337
34 years$3,352$2,285$1,518$989$633$296
35 years$3,221$2,167$1,420$910$574$261
36 years$3,097$2,057$1,328$838$520$230
37 years$2,980$1,953$1,243$772$471$203
38 years$2,870$1,856$1,164$712$427$179
39 years$2,765$1,765$1,091$656$387$158
40 years$2,666$1,679$1,022$605$351$139
41 years$2,572$1,599$958$559$319$123
42 years$2,483$1,523$899$515$289$108
43 years$2,398$1,451$844$476$262$95
44 years$2,317$1,383$792$439$238$84
45 years$2,240$1,319$744$406$216$74
46 years$2,166$1,258$698$375$196$66
47 years$2,096$1,200$656$346$178$58
48 years$2,029$1,146$617$320$162$51
49 years$1,965$1,094$580$296$147$45
50 years$1,904$1,045$545$273$134$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,950,000, adding $4,167 every year, while hoping to spend $58,265 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: 52/43/5 Blend
47$1,950,000$1,950,000$1,950,000$1,950,000
48$2,153,198$2,049,848$2,019,623$2,262,532
49$2,310,831$2,088,297$2,025,287$2,375,522
50$2,482,589$2,126,678$2,029,188$2,491,608
51$2,669,853$2,164,924$2,031,205$2,616,426
52$2,874,140$2,202,967$2,031,212$2,750,808
53$3,097,120$2,240,731$2,029,076$2,895,671
54$3,340,634$2,278,134$2,024,658$3,052,026
55$3,606,706$2,315,090$2,017,811$3,220,984
56$3,897,565$2,351,505$2,008,383$3,403,775
57$4,215,666$2,387,278$1,996,213$3,601,750
58$4,563,710$2,422,300$1,981,132$3,816,401
59$4,944,673$2,456,458$1,962,965$4,049,373
60$5,361,831$2,489,626$1,941,526$4,302,476
61$5,818,793$2,521,672$1,916,622$4,577,710
62$6,319,532$2,552,456$1,888,050$4,877,277
63$6,868,423$2,581,826$1,855,599$5,203,606
64$7,470,287$2,609,620$1,819,047$5,559,375
65$8,130,432$2,635,666$1,778,160$5,947,536
66$8,854,703$2,659,782$1,732,696$6,371,344
67$9,649,542$2,681,770$1,682,400$6,834,388
68$10,522,042$2,701,423$1,627,007$7,340,627
69$11,480,016$2,718,519$1,566,238$7,894,422
70$12,532,073$2,732,821$1,499,802$8,500,586
71$13,687,694$2,744,079$1,427,395$9,164,424
72$14,957,325$2,752,025$1,348,698$9,891,783
73$16,352,473$2,756,375$1,263,381$10,689,114
74$17,885,815$2,756,828$1,171,094$11,563,527
75$19,571,318$2,753,062$1,071,475$12,522,863
76$21,424,368$2,744,738$964,146$13,575,766
77$23,461,919$2,731,495$848,709$14,731,766
78$25,702,645$2,712,949$724,752$16,001,374
79$28,167,125$2,688,694$591,842$17,396,175
80$30,878,031$2,658,299$449,528$18,928,943
81$33,860,342$2,621,308$297,339$20,613,764
82$37,141,581$2,577,235$134,783$22,466,164
83$40,752,071$2,525,569$0$24,503,264
84$44,725,226$2,465,765$0$26,746,002
85$49,097,861$2,397,249$0$29,220,930
86$53,910,540$2,319,412$0$31,943,822
87$59,207,961$2,231,609$0$34,939,999
88$65,039,372$2,133,157$0$38,237,375
89$71,459,042$2,023,336$0$41,866,724
90$78,526,766$1,901,381$0$45,861,965
91$86,308,434$1,766,487$0$50,260,493
92$94,876,648$1,617,798$0$55,103,526
93$104,311,409$1,454,413$0$60,436,503
94$114,700,872$1,275,379$0$66,309,508
95$126,142,176$1,079,688$0$72,777,752
96$138,742,361$866,275$0$79,902,094
97$152,619,375$634,015$0$87,749,615
98$167,903,191$381,722$0$96,394,260
99$184,737,030$108,141$0$105,917,534
100$203,278,715$0$0$116,409,278