Can I retire at age 48 with 1,990,000?

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 $1,990,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$164,332$162,869$161,440$160,046$158,685$153,299
2 years$81,353$79,838$78,369$76,945$75,564$70,192
3 years$53,696$52,175$50,710$49,300$47,941$42,751
4 years$39,871$38,354$36,904$35,518$34,192$29,224
5 years$31,578$30,070$28,639$27,281$25,992$21,260
6 years$26,051$24,554$23,145$21,817$20,567$16,073
7 years$22,105$20,621$19,233$17,937$16,726$12,471
8 years$19,146$17,676$16,311$15,047$13,876$9,856
9 years$16,847$15,390$14,049$12,816$11,686$7,895
10 years$15,008$13,565$12,248$11,048$9,957$6,390
11 years$13,504$12,077$10,783$9,615$8,563$5,214
12 years$12,253$10,839$9,570$8,434$7,421$4,281
13 years$11,194$9,796$8,550$7,446$6,471$3,532
14 years$10,288$8,904$7,682$6,609$5,672$2,926
15 years$9,503$8,134$6,936$5,894$4,994$2,432
16 years$8,816$7,463$6,288$5,278$4,414$2,027
17 years$8,212$6,873$5,722$4,742$3,914$1,693
18 years$7,675$6,351$5,224$4,274$3,480$1,417
19 years$7,195$5,886$4,782$3,862$3,102$1,187
20 years$6,763$5,469$4,389$3,497$2,771$996
21 years$6,374$5,095$4,037$3,174$2,479$837
22 years$6,020$4,756$3,720$2,886$2,222$704
23 years$5,697$4,448$3,435$2,628$1,995$592
24 years$5,402$4,167$3,177$2,397$1,793$498
25 years$5,131$3,911$2,943$2,189$1,614$420
26 years$4,881$3,676$2,729$2,002$1,453$354
27 years$4,649$3,459$2,534$1,832$1,310$298
28 years$4,435$3,259$2,356$1,679$1,182$251
29 years$4,236$3,075$2,192$1,539$1,068$212
30 years$4,051$2,904$2,042$1,413$965$179
31 years$3,878$2,745$1,904$1,298$872$151
32 years$3,716$2,598$1,776$1,192$789$127
33 years$3,564$2,460$1,658$1,097$714$107
34 years$3,421$2,331$1,550$1,009$646$91
35 years$3,287$2,211$1,449$929$586$77
36 years$3,161$2,099$1,355$855$530$65
37 years$3,041$1,993$1,269$788$481$55
38 years$2,928$1,894$1,188$726$436$46
39 years$2,822$1,801$1,113$670$395$39
40 years$2,721$1,714$1,043$618$359$33
41 years$2,625$1,632$978$570$325$28
42 years$2,534$1,554$918$526$295$23
43 years$2,447$1,480$861$486$268$20
44 years$2,364$1,411$808$448$243$17
45 years$2,286$1,346$759$414$221$14
46 years$2,211$1,284$713$382$200$12
47 years$2,139$1,225$670$353$182$10
48 years$2,071$1,170$629$327$165$9
49 years$2,006$1,117$591$302$150$7
50 years$1,943$1,067$556$279$136$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $1,990,000, adding $5,336 every year, while hoping to spend $41,805 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: 70/8/22 Blend
47$1,990,000$1,990,000$1,990,000$1,990,000
48$2,198,484$2,093,014$2,062,169$2,339,977
49$2,378,249$2,151,092$2,086,772$2,493,248
50$2,574,949$2,210,614$2,110,797$2,655,557
51$2,790,268$2,271,607$2,134,182$2,832,208
52$3,026,058$2,334,099$2,156,860$3,024,620
53$3,284,360$2,398,114$2,178,760$3,234,354
54$3,567,424$2,463,681$2,199,807$3,463,128
55$3,877,724$2,530,824$2,219,923$3,712,837
56$4,217,986$2,599,569$2,239,025$3,985,567
57$4,591,215$2,669,942$2,257,026$4,283,618
58$5,000,717$2,741,967$2,273,835$4,609,523
59$5,450,136$2,815,669$2,289,355$4,966,072
60$5,943,486$2,891,073$2,303,484$5,356,340
61$6,485,186$2,968,200$2,316,115$5,783,715
62$7,080,106$3,047,074$2,327,137$6,251,930
63$7,733,612$3,127,715$2,336,431$6,765,098
64$8,451,613$3,210,145$2,343,873$7,327,753
65$9,240,618$3,294,383$2,349,334$7,944,887
66$10,107,801$3,380,447$2,352,676$8,622,004
67$11,061,062$3,468,355$2,353,756$9,365,169
68$12,109,107$3,558,121$2,352,424$10,181,064
69$13,261,527$3,649,761$2,348,521$11,077,053
70$14,528,889$3,743,285$2,341,883$12,061,250
71$15,922,835$3,838,704$2,332,334$13,142,598
72$17,456,190$3,936,027$2,319,694$14,330,951
73$19,143,089$4,035,260$2,303,771$15,637,169
74$20,999,101$4,136,405$2,284,365$17,073,216
75$23,041,385$4,239,465$2,261,267$18,652,283
76$25,288,844$4,344,436$2,234,256$20,388,899
77$27,762,306$4,451,313$2,203,104$22,299,082
78$30,484,722$4,560,089$2,167,569$24,400,479
79$33,481,381$4,670,750$2,127,400$26,712,539
80$36,780,146$4,783,281$2,082,332$29,256,697
81$40,411,721$4,897,662$2,032,090$32,056,572
82$44,409,936$5,013,867$1,976,385$35,138,194
83$48,812,070$5,131,867$1,914,914$38,530,249
84$53,659,200$5,251,627$1,847,363$42,264,349
85$58,996,589$5,373,107$1,773,399$46,375,331
86$64,874,112$5,496,260$1,692,679$50,901,588
87$71,346,728$5,621,034$1,604,841$55,885,428
88$78,474,998$5,747,368$1,509,507$61,373,478
89$86,325,655$5,875,196$1,406,282$67,417,120
90$94,972,234$6,004,444$1,294,756$74,072,981
91$104,495,768$6,135,027$1,174,496$81,403,463
92$114,985,547$6,266,855$1,045,052$89,477,336
93$126,539,967$6,399,825$905,956$98,370,388
94$139,267,454$6,533,826$756,716$108,166,137
95$153,287,487$6,668,737$596,818$118,956,625
96$168,731,729$6,804,422$425,729$130,843,281
97$185,745,263$6,940,738$242,890$143,937,887
98$204,487,970$7,077,524$47,717$158,363,627
99$225,136,029$7,214,608$0$174,256,254
100$247,883,583$7,351,803$0$191,803,062