Can I retire at age 48 with 2,450,000?

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 $2,450,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$202,319$200,517$198,758$197,042$195,366$189,340
2 years$100,158$98,292$96,485$94,732$93,032$87,013
3 years$66,109$64,235$62,432$60,696$59,023$53,201
4 years$49,087$47,220$45,434$43,728$42,096$36,514
5 years$38,877$37,021$35,259$33,587$32,001$26,675
6 years$32,073$30,230$28,495$26,860$25,321$20,256
7 years$27,214$25,387$23,679$22,083$20,593$15,788
8 years$23,572$21,762$20,082$18,525$17,084$12,537
9 years$20,741$18,947$17,296$15,779$14,387$10,092
10 years$18,477$16,701$15,079$13,602$12,258$8,210
11 years$16,626$14,868$13,276$11,838$10,543$6,733
12 years$15,085$13,345$11,782$10,383$9,136$5,557
13 years$13,782$12,060$10,526$9,167$7,967$4,610
14 years$12,666$10,962$9,458$8,137$6,984$3,841
15 years$11,699$10,014$8,539$7,257$6,149$3,211
16 years$10,854$9,188$7,742$6,498$5,434$2,691
17 years$10,110$8,462$7,045$5,838$4,819$2,261
18 years$9,449$7,819$6,431$5,261$4,284$1,903
19 years$8,858$7,246$5,887$4,754$3,819$1,605
20 years$8,327$6,734$5,403$4,306$3,411$1,355
21 years$7,847$6,272$4,970$3,908$3,052$1,145
22 years$7,411$5,855$4,580$3,553$2,736$969
23 years$7,014$5,476$4,229$3,236$2,456$820
24 years$6,650$5,131$3,911$2,951$2,208$695
25 years$6,316$4,815$3,623$2,695$1,987$589
26 years$6,009$4,525$3,360$2,464$1,789$500
27 years$5,724$4,259$3,120$2,256$1,613$424
28 years$5,461$4,013$2,900$2,067$1,456$360
29 years$5,215$3,786$2,699$1,895$1,314$305
30 years$4,987$3,575$2,514$1,739$1,188$259
31 years$4,774$3,380$2,344$1,597$1,074$220
32 years$4,575$3,198$2,187$1,468$971$187
33 years$4,388$3,029$2,042$1,350$879$159
34 years$4,212$2,870$1,908$1,242$796$135
35 years$4,047$2,722$1,784$1,143$721$115
36 years$3,891$2,584$1,669$1,053$653$98
37 years$3,744$2,454$1,562$970$592$83
38 years$3,605$2,332$1,462$894$537$71
39 years$3,474$2,218$1,370$825$487$60
40 years$3,350$2,110$1,284$761$441$51
41 years$3,231$2,009$1,204$702$400$43
42 years$3,119$1,913$1,130$648$363$37
43 years$3,013$1,823$1,060$598$330$31
44 years$2,911$1,737$995$552$299$27
45 years$2,814$1,657$934$510$272$23
46 years$2,722$1,580$877$471$247$19
47 years$2,634$1,508$824$435$224$16
48 years$2,550$1,440$775$402$203$14
49 years$2,469$1,375$728$372$185$12
50 years$2,392$1,313$685$343$168$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $2,450,000, adding $2,615 every year, while hoping to spend $37,092 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: 48/32/20 Blend
47$2,450,000$2,450,000$2,450,000$2,450,000
48$2,702,597$2,572,747$2,534,772$2,816,931
49$2,938,797$2,659,346$2,580,222$2,983,343
50$3,197,845$2,748,946$2,625,950$3,159,986
51$3,482,034$2,841,653$2,671,929$3,351,026
52$3,793,888$2,937,580$2,718,124$3,557,828
53$4,136,186$3,036,843$2,764,503$3,781,895
54$4,511,992$3,139,563$2,811,029$4,024,879
55$4,924,678$3,245,864$2,857,661$4,288,599
56$5,377,960$3,355,877$2,904,358$4,575,056
57$5,875,933$3,469,736$2,951,074$4,886,450
58$6,423,105$3,587,580$2,997,763$5,225,204
59$7,024,446$3,709,556$3,044,372$5,593,986
60$7,685,429$3,835,813$3,090,847$5,995,728
61$8,412,083$3,966,508$3,137,131$6,433,662
62$9,211,052$4,101,803$3,183,161$6,911,344
63$10,089,655$4,241,868$3,228,873$7,432,688
64$11,055,957$4,386,876$3,274,198$8,002,005
65$12,118,842$4,537,011$3,319,061$8,624,040
66$13,288,099$4,692,460$3,363,385$9,304,019
67$14,574,514$4,853,419$3,407,087$10,047,696
68$15,989,972$5,020,094$3,450,081$10,861,408
69$17,547,564$5,192,694$3,492,275$11,752,132
70$19,261,720$5,371,440$3,533,570$12,727,553
71$21,148,335$5,556,560$3,573,864$13,796,137
72$23,224,925$5,748,292$3,613,049$14,967,206
73$25,510,791$5,946,881$3,651,009$16,251,027
74$28,027,198$6,152,584$3,687,624$17,658,911
75$30,797,579$6,365,668$3,722,766$19,203,316
76$33,847,754$6,586,408$3,756,301$20,897,966
77$37,206,175$6,815,092$3,788,088$22,757,976
78$40,904,193$7,052,020$3,817,977$24,800,000
79$44,976,353$7,297,500$3,845,811$27,042,384
80$49,460,720$7,551,858$3,871,425$29,505,337
81$54,399,242$7,815,427$3,894,646$32,211,125
82$59,838,139$8,088,557$3,915,291$35,184,275
83$65,828,344$8,371,612$3,933,168$38,451,811
84$72,425,982$8,664,967$3,948,076$42,043,507
85$79,692,898$8,969,016$3,959,802$45,992,164
86$87,697,242$9,284,167$3,968,124$50,333,923
87$96,514,113$9,610,843$3,972,809$55,108,602
88$106,226,265$9,949,487$3,973,610$60,360,072
89$116,924,889$10,300,557$3,970,272$66,136,670
90$128,710,475$10,664,532$3,962,523$72,491,658
91$141,693,757$11,041,907$3,950,081$79,483,716
92$155,996,760$11,433,201$3,932,649$87,177,506
93$171,753,953$11,838,950$3,909,915$95,644,269
94$189,113,512$12,259,715$3,881,554$104,962,509
95$208,238,728$12,696,078$3,847,223$115,218,724
96$229,309,538$13,148,646$3,806,565$126,508,223
97$252,524,230$13,618,049$3,759,204$138,936,027
98$278,101,312$14,104,944$3,704,748$152,617,858
99$306,281,574$14,610,015$3,642,785$167,681,229
100$337,330,362$15,133,972$3,572,886$184,266,648