Can I retire at age 48 with 2,000,000?

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 $2,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$165,158$163,687$162,252$160,851$159,483$156,776
2 years$81,761$80,239$78,763$77,332$75,944$73,226
3 years$53,966$52,437$50,965$49,547$48,182$45,536
4 years$40,071$38,547$37,089$35,696$34,364$31,811
5 years$31,737$30,221$28,783$27,418$26,123$23,671
6 years$26,182$24,678$23,261$21,926$20,670$18,321
7 years$22,216$20,724$19,330$18,027$16,810$14,565
8 years$19,243$17,765$16,393$15,122$13,946$11,804
9 years$16,931$15,467$14,120$12,881$11,744$9,705
10 years$15,083$13,634$12,310$11,103$10,007$8,068
11 years$13,572$12,137$10,837$9,663$8,606$6,766
12 years$12,314$10,894$9,618$8,476$7,458$5,714
13 years$11,250$9,845$8,593$7,483$6,503$4,853
14 years$10,339$8,949$7,721$6,643$5,701$4,141
15 years$9,550$8,175$6,971$5,924$5,020$3,547
16 years$8,861$7,500$6,320$5,304$4,436$3,048
17 years$8,253$6,907$5,751$4,766$3,934$2,627
18 years$7,713$6,383$5,250$4,295$3,497$2,269
19 years$7,231$5,915$4,806$3,881$3,117$1,963
20 years$6,797$5,497$4,411$3,515$2,785$1,702
21 years$6,406$5,120$4,057$3,190$2,492$1,478
22 years$6,050$4,779$3,739$2,900$2,234$1,285
23 years$5,726$4,470$3,452$2,642$2,005$1,118
24 years$5,429$4,188$3,193$2,409$1,802$974
25 years$5,156$3,930$2,957$2,200$1,622$849
26 years$4,905$3,694$2,743$2,012$1,461$740
27 years$4,673$3,476$2,547$1,841$1,317$646
28 years$4,458$3,276$2,368$1,687$1,188$564
29 years$4,258$3,090$2,203$1,547$1,073$493
30 years$4,071$2,919$2,052$1,420$970$431
31 years$3,897$2,759$1,913$1,304$877$377
32 years$3,734$2,611$1,785$1,198$793$329
33 years$3,582$2,472$1,667$1,102$718$288
34 years$3,438$2,343$1,557$1,014$650$252
35 years$3,304$2,222$1,456$933$588$221
36 years$3,176$2,109$1,362$860$533$193
37 years$3,057$2,003$1,275$792$483$169
38 years$2,943$1,904$1,194$730$438$148
39 years$2,836$1,811$1,119$673$397$130
40 years$2,734$1,723$1,048$621$360$114
41 years$2,638$1,640$983$573$327$99
42 years$2,546$1,562$922$529$297$87
43 years$2,459$1,488$865$488$269$76
44 years$2,376$1,418$812$451$244$67
45 years$2,297$1,352$763$416$222$59
46 years$2,222$1,290$716$384$201$51
47 years$2,150$1,231$673$355$183$45
48 years$2,081$1,175$632$328$166$39
49 years$2,016$1,122$594$303$151$35
50 years$1,953$1,072$559$280$137$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $2,000,000, adding $4,159 every year, while hoping to spend $50,630 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: 56/36/8 Blend
47$2,000,000$2,000,000$2,000,000$2,000,000
48$2,208,290$2,102,290$2,071,290$2,327,611
49$2,379,666$2,151,432$2,086,808$2,457,715
50$2,566,825$2,201,286$2,101,150$2,593,359
51$2,771,324$2,251,831$2,114,221$2,739,863
52$2,994,876$2,303,049$2,125,925$2,898,271
53$3,239,368$2,354,913$2,136,158$3,069,728
54$3,506,878$2,407,398$2,144,813$3,255,499
55$3,799,692$2,460,472$2,151,777$3,456,972
56$4,120,329$2,514,104$2,156,930$3,675,682
57$4,471,562$2,568,255$2,160,147$3,913,314
58$4,856,447$2,622,885$2,161,297$4,171,728
59$5,278,347$2,677,948$2,160,243$4,452,971
60$5,740,966$2,733,396$2,156,839$4,759,300
61$6,248,386$2,789,174$2,150,935$5,093,199
62$6,805,101$2,845,223$2,142,370$5,457,408
63$7,416,061$2,901,478$2,130,979$5,854,943
64$8,086,719$2,957,871$2,116,587$6,289,129
65$8,823,083$3,014,325$2,099,011$6,763,629
66$9,631,768$3,070,758$2,078,059$7,282,480
67$10,520,065$3,127,081$2,053,530$7,850,129
68$11,496,002$3,183,198$2,025,214$8,471,480
69$12,568,425$3,239,006$1,992,890$9,151,934
70$13,747,081$3,294,394$1,956,328$9,897,444
71$15,042,705$3,349,241$1,915,287$10,714,571
72$16,467,125$3,403,418$1,869,513$11,610,544
73$18,033,373$3,456,787$1,818,743$12,593,331
74$19,755,806$3,509,199$1,762,700$13,671,715
75$21,650,243$3,560,494$1,701,095$14,855,373
76$23,734,112$3,610,502$1,633,626$16,154,971
77$26,026,615$3,659,041$1,559,976$17,582,265
78$28,548,910$3,705,913$1,479,815$19,150,210
79$31,324,307$3,750,912$1,392,798$20,873,085
80$34,378,493$3,793,812$1,298,562$22,766,627
81$37,739,767$3,834,377$1,196,732$24,848,179
82$41,439,313$3,872,351$1,086,912$27,136,858
83$45,511,490$3,907,464$968,692$29,653,732
84$49,994,159$3,939,427$841,640$32,422,019
85$54,929,036$3,967,931$705,307$35,467,312
86$60,362,087$3,992,649$559,224$38,817,814
87$66,343,964$4,013,233$402,902$42,504,613
88$72,930,478$4,029,311$235,829$46,561,967
89$80,183,128$4,040,489$57,471$51,027,638
90$88,169,682$4,046,348$0$55,943,241
91$96,964,812$4,046,441$0$61,365,984
92$106,650,803$4,040,297$0$67,341,050
93$117,318,326$4,027,412$0$73,919,292
94$129,067,293$4,007,254$0$81,162,168
95$142,007,805$3,979,257$0$89,137,408
96$156,261,181$3,942,821$0$97,919,654
97$171,961,112$3,897,310$0$107,591,171
98$189,254,917$3,842,049$0$118,242,616
99$208,304,933$3,776,325$0$129,973,901
100$229,290,051$3,699,379$0$142,895,137