Can I retire at age 48 with 2,550,000?

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 $2,550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$210,577$208,701$206,871$205,085$203,341$201,805
2 years$104,246$102,304$100,423$98,598$96,829$95,281
3 years$68,807$66,857$64,980$63,173$61,432$59,920
4 years$51,091$49,147$47,289$45,513$43,814$42,349
5 years$40,464$38,532$36,698$34,958$33,307$31,893
6 years$33,382$31,464$29,658$27,956$26,354$24,994
7 years$28,325$26,424$24,646$22,984$21,433$20,126
8 years$24,534$22,650$20,901$19,281$17,781$16,528
9 years$21,587$19,721$18,002$16,423$14,974$13,774
10 years$19,231$17,383$15,695$14,157$12,759$11,611
11 years$17,305$15,475$13,818$12,321$10,973$9,878
12 years$15,701$13,889$12,263$10,807$9,509$8,464
13 years$14,344$12,552$10,956$9,541$8,292$7,297
14 years$13,183$11,409$9,844$8,469$7,269$6,323
15 years$12,177$10,423$8,888$7,553$6,400$5,501
16 years$11,297$9,563$8,058$6,763$5,656$4,803
17 years$10,522$8,807$7,332$6,077$5,015$4,207
18 years$9,834$8,138$6,694$5,476$4,459$3,694
19 years$9,219$7,542$6,128$4,948$3,975$3,251
20 years$8,667$7,009$5,624$4,482$3,550$2,866
21 years$8,167$6,528$5,173$4,067$3,177$2,532
22 years$7,714$6,094$4,767$3,698$2,848$2,239
23 years$7,300$5,699$4,402$3,368$2,556$1,983
24 years$6,922$5,340$4,071$3,072$2,298$1,759
25 years$6,574$5,011$3,771$2,805$2,068$1,561
26 years$6,254$4,710$3,497$2,565$1,862$1,386
27 years$5,958$4,433$3,247$2,348$1,679$1,233
28 years$5,683$4,177$3,019$2,151$1,515$1,096
29 years$5,428$3,940$2,809$1,973$1,368$976
30 years$5,191$3,721$2,617$1,810$1,236$869
31 years$4,969$3,518$2,439$1,663$1,118$774
32 years$4,761$3,328$2,276$1,528$1,011$690
33 years$4,567$3,152$2,125$1,405$915$616
34 years$4,384$2,988$1,986$1,293$828$549
35 years$4,212$2,834$1,856$1,190$750$490
36 years$4,050$2,690$1,737$1,096$680$437
37 years$3,897$2,554$1,625$1,010$616$390
38 years$3,753$2,428$1,522$931$559$349
39 years$3,616$2,308$1,426$858$507$311
40 years$3,486$2,196$1,337$792$459$278
41 years$3,363$2,091$1,253$730$417$248
42 years$3,247$1,991$1,176$674$378$222
43 years$3,135$1,897$1,103$622$343$198
44 years$3,030$1,808$1,036$575$312$177
45 years$2,929$1,724$972$531$283$158
46 years$2,833$1,645$913$490$257$142
47 years$2,741$1,570$858$453$233$127
48 years$2,654$1,499$806$418$212$113
49 years$2,570$1,431$758$387$192$101
50 years$2,490$1,367$713$357$175$90

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $2,550,000, adding $6,143 every year, while hoping to spend $58,014 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: 73/8/19 Blend
47$2,550,000$2,550,000$2,550,000$2,550,000
48$2,816,437$2,681,287$2,641,762$3,008,937
49$3,041,987$2,750,943$2,668,534$3,207,253
50$3,288,598$2,822,068$2,694,259$3,416,828
51$3,558,359$2,894,673$2,718,840$3,644,929
52$3,853,566$2,968,767$2,742,176$3,893,387
53$4,176,751$3,044,357$2,764,160$4,164,218
54$4,530,699$3,121,451$2,784,679$4,459,640
55$4,918,479$3,200,051$2,803,615$4,782,101
56$5,343,471$3,280,160$2,820,843$5,134,294
57$5,809,396$3,361,779$2,836,232$5,519,188
58$6,320,354$3,444,905$2,849,645$5,940,054
59$6,880,859$3,529,535$2,860,937$6,400,495
60$7,495,884$3,615,659$2,869,956$6,904,481
61$8,170,906$3,703,269$2,876,542$7,456,387
62$8,911,960$3,792,351$2,880,527$8,061,033
63$9,725,692$3,882,887$2,881,736$8,723,729
64$10,619,422$3,974,859$2,879,984$9,450,328
65$11,601,217$4,068,240$2,875,078$10,247,278
66$12,679,961$4,163,004$2,866,813$11,121,685
67$13,865,443$4,259,117$2,854,977$12,081,379
68$15,168,446$4,356,542$2,839,346$13,134,987
69$16,600,851$4,455,235$2,819,687$14,292,018
70$18,175,744$4,555,149$2,795,754$15,562,949
71$19,907,548$4,656,229$2,767,290$16,959,325
72$21,812,149$4,758,415$2,734,025$18,493,870
73$23,907,051$4,861,641$2,695,678$20,180,604
74$26,211,541$4,965,831$2,651,953$22,034,978
75$28,746,866$5,070,905$2,602,541$24,074,018
76$31,536,439$5,176,772$2,547,120$26,316,489
77$34,606,057$5,283,335$2,485,349$28,783,068
78$37,984,142$5,390,486$2,416,876$31,496,541
79$41,702,013$5,498,107$2,341,329$34,482,021
80$45,794,175$5,606,072$2,258,321$37,767,181
81$50,298,654$5,714,242$2,167,447$41,382,517
82$55,257,343$5,822,467$2,068,283$45,361,639
83$60,716,408$5,930,583$1,960,386$49,741,582
84$66,726,716$6,038,416$1,843,294$54,563,164
85$73,344,318$6,145,776$1,716,521$59,871,364
86$80,630,977$6,252,458$1,579,563$65,715,753
87$88,654,750$6,358,241$1,431,892$72,150,956
88$97,490,629$6,462,890$1,272,955$79,237,176
89$107,221,251$6,566,149$1,102,177$87,040,754
90$117,937,673$6,667,745$918,954$95,634,804
91$129,740,236$6,767,384$722,659$105,099,898
92$142,739,507$6,864,753$512,635$115,524,827
93$157,057,325$6,959,514$288,197$127,007,445
94$172,827,950$7,051,308$48,629$139,655,588
95$190,199,328$7,139,750$0$153,588,094
96$209,334,489$7,224,427$0$168,977,898
97$230,413,083$7,304,901$0$185,940,606
98$253,633,078$7,380,701$0$204,625,562
99$279,212,626$7,451,329$0$225,208,220
100$307,392,119$7,516,250$0$247,881,920