Can I retire at age 48 with 1,960,000?

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 $1,960,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$161,855$160,413$159,007$157,634$156,293$154,340
2 years$80,126$78,634$77,188$75,785$74,425$72,460
3 years$52,887$51,388$49,946$48,556$47,218$45,302
4 years$39,270$37,776$36,348$34,982$33,677$31,824
5 years$31,102$29,617$28,207$26,870$25,600$23,817
6 years$25,658$24,184$22,796$21,488$20,257$18,544
7 years$21,771$20,310$18,943$17,666$16,474$14,834
8 years$18,858$17,409$16,065$14,820$13,667$12,098
9 years$16,593$15,158$13,837$12,623$11,510$10,012
10 years$14,782$13,361$12,064$10,881$9,807$8,379
11 years$13,301$11,894$10,621$9,470$8,434$7,075
12 years$12,068$10,676$9,425$8,307$7,309$6,017
13 years$11,025$9,648$8,421$7,333$6,373$5,147
14 years$10,132$8,770$7,566$6,510$5,587$4,425
15 years$9,359$8,011$6,831$5,806$4,919$3,819
16 years$8,684$7,350$6,194$5,198$4,348$3,307
17 years$8,088$6,769$5,636$4,671$3,855$2,872
18 years$7,559$6,255$5,145$4,209$3,428$2,500
19 years$7,086$5,797$4,710$3,803$3,055$2,182
20 years$6,661$5,387$4,323$3,445$2,729$1,907
21 years$6,278$5,018$3,976$3,126$2,442$1,669
22 years$5,929$4,684$3,664$2,842$2,189$1,463
23 years$5,611$4,381$3,383$2,589$1,965$1,284
24 years$5,320$4,104$3,129$2,361$1,766$1,128
25 years$5,053$3,852$2,898$2,156$1,589$992
26 years$4,807$3,620$2,688$1,972$1,431$873
27 years$4,579$3,407$2,496$1,805$1,291$768
28 years$4,368$3,210$2,320$1,653$1,165$677
29 years$4,172$3,029$2,159$1,516$1,052$597
30 years$3,990$2,860$2,011$1,392$950$526
31 years$3,819$2,704$1,875$1,278$859$464
32 years$3,660$2,558$1,749$1,174$777$410
33 years$3,510$2,423$1,633$1,080$703$362
34 years$3,370$2,296$1,526$994$637$320
35 years$3,237$2,178$1,427$915$577$282
36 years$3,113$2,067$1,335$843$522$249
37 years$2,995$1,963$1,249$776$474$220
38 years$2,884$1,866$1,170$715$429$195
39 years$2,779$1,774$1,096$660$389$172
40 years$2,680$1,688$1,027$608$353$152
41 years$2,585$1,607$963$561$320$135
42 years$2,495$1,530$904$518$291$119
43 years$2,410$1,458$848$478$264$105
44 years$2,329$1,390$796$442$239$93
45 years$2,251$1,325$747$408$217$82
46 years$2,178$1,264$702$377$197$73
47 years$2,107$1,207$660$348$179$64
48 years$2,040$1,152$620$322$163$57
49 years$1,975$1,100$583$297$148$50
50 years$1,914$1,051$548$275$134$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,960,000, adding $6,028 every year, while hoping to spend $40,441 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: 48/39/13 Blend
47$1,960,000$1,960,000$1,960,000$1,960,000
48$2,166,138$2,062,258$2,031,878$2,262,033
49$2,344,055$2,120,280$2,056,917$2,386,812
50$2,538,764$2,179,789$2,081,439$2,517,545
51$2,751,936$2,240,816$2,105,385$2,658,589
52$2,985,409$2,303,392$2,128,691$2,810,923
53$3,241,208$2,367,546$2,151,290$2,975,621
54$3,521,565$2,433,309$2,173,112$3,153,865
55$3,828,935$2,500,712$2,194,081$3,346,959
56$4,166,025$2,569,785$2,214,121$3,556,335
57$4,535,813$2,640,558$2,233,148$3,783,571
58$4,941,583$2,713,062$2,251,076$4,030,404
59$5,386,949$2,787,327$2,267,812$4,298,746
60$5,875,895$2,863,383$2,283,260$4,590,703
61$6,412,807$2,941,259$2,297,320$4,908,595
62$7,002,517$3,020,985$2,309,884$5,254,975
63$7,650,349$3,102,588$2,320,840$5,632,656
64$8,362,167$3,186,098$2,330,071$6,044,736
65$9,144,433$3,271,541$2,337,453$6,494,627
66$10,004,264$3,358,945$2,342,856$6,986,088
67$10,949,500$3,448,336$2,346,144$7,523,259
68$11,988,783$3,539,737$2,347,173$8,110,701
69$13,131,628$3,633,174$2,345,793$8,753,438
70$14,388,524$3,728,669$2,341,847$9,457,006
71$15,771,023$3,826,244$2,335,168$10,227,502
72$17,291,856$3,925,918$2,325,585$11,071,646
73$18,965,047$4,027,710$2,312,914$11,996,840
74$20,806,051$4,131,637$2,296,965$13,011,238
75$22,831,894$4,237,713$2,277,540$14,123,828
76$25,061,338$4,345,951$2,254,427$15,344,511
77$27,515,053$4,456,361$2,227,409$16,684,194
78$30,215,817$4,568,952$2,196,256$18,154,901
79$33,188,727$4,683,727$2,160,728$19,769,875
80$36,461,437$4,800,690$2,120,572$21,543,712
81$40,064,419$4,919,839$2,075,526$23,492,495
82$44,031,248$5,041,169$2,025,315$25,633,945
83$48,398,922$5,164,673$1,969,650$27,987,591
84$53,208,208$5,290,338$1,908,229$30,574,951
85$58,504,027$5,418,147$1,840,737$33,419,739
86$64,335,881$5,548,080$1,766,845$36,548,085
87$70,758,314$5,680,108$1,686,207$39,988,784
88$77,831,431$5,814,202$1,598,463$43,773,569
89$85,621,462$5,950,323$1,503,237$47,937,407
90$94,201,389$6,088,428$1,400,134$52,518,833
91$103,651,636$6,228,465$1,288,743$57,560,310
92$114,060,821$6,370,379$1,168,634$63,108,635
93$125,526,600$6,514,102$1,039,359$69,215,376
94$138,156,582$6,659,563$900,447$75,937,361
95$152,069,351$6,806,678$751,409$83,337,218
96$167,395,577$6,955,358$591,733$91,483,961
97$184,279,255$7,105,500$420,886$100,453,643
98$202,879,063$7,256,993$238,309$110,330,080
99$223,369,855$7,409,713$43,420$121,205,633
100$245,944,318$7,563,527$0$133,182,091