Can I retire at age 48 with 2,850,000?

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 $2,850,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$235,350$233,254$231,209$229,212$227,263$221,141
2 years$116,510$114,340$112,237$110,198$108,220$102,097
3 years$76,902$74,723$72,625$70,605$68,660$62,725
4 years$57,102$54,929$52,852$50,867$48,969$43,269
5 years$45,225$43,065$41,016$39,071$37,225$31,777
6 years$37,309$35,166$33,147$31,245$29,455$24,263
7 years$31,657$29,532$27,545$25,688$23,955$19,019
8 years$27,421$25,315$23,360$21,549$19,873$15,191
9 years$24,127$22,041$20,120$18,355$16,736$12,303
10 years$21,494$19,428$17,541$15,822$14,260$10,071
11 years$19,341$17,296$15,443$13,770$12,264$8,313
12 years$17,548$15,524$13,705$12,078$10,628$6,907
13 years$16,032$14,029$12,245$10,663$9,267$5,769
14 years$14,733$12,752$11,002$9,466$8,124$4,839
15 years$13,609$11,649$9,933$8,442$7,153$4,074
16 years$12,627$10,688$9,006$7,559$6,322$3,440
17 years$11,760$9,843$8,195$6,791$5,605$2,911
18 years$10,991$9,095$7,481$6,120$4,984$2,469
19 years$10,304$8,429$6,849$5,530$4,442$2,097
20 years$9,686$7,833$6,285$5,009$3,968$1,784
21 years$9,128$7,296$5,781$4,546$3,551$1,520
22 years$8,621$6,811$5,328$4,133$3,183$1,296
23 years$8,159$6,370$4,920$3,764$2,857$1,106
24 years$7,736$5,968$4,550$3,433$2,568$944
25 years$7,348$5,601$4,214$3,135$2,311$807
26 years$6,990$5,264$3,908$2,867$2,082$690
27 years$6,659$4,954$3,629$2,624$1,877$590
28 years$6,352$4,668$3,374$2,404$1,693$505
29 years$6,067$4,404$3,140$2,205$1,529$432
30 years$5,801$4,159$2,925$2,023$1,382$370
31 years$5,553$3,932$2,726$1,858$1,249$317
32 years$5,321$3,720$2,544$1,708$1,130$271
33 years$5,104$3,523$2,375$1,570$1,023$233
34 years$4,900$3,339$2,219$1,445$926$199
35 years$4,708$3,167$2,075$1,330$839$171
36 years$4,526$3,006$1,941$1,225$760$146
37 years$4,356$2,855$1,817$1,129$689$125
38 years$4,194$2,713$1,701$1,040$624$108
39 years$4,041$2,580$1,594$959$566$92
40 years$3,896$2,455$1,494$885$513$79
41 years$3,759$2,337$1,401$816$466$68
42 years$3,628$2,225$1,314$753$423$58
43 years$3,504$2,120$1,233$695$384$50
44 years$3,386$2,021$1,157$642$348$43
45 years$3,274$1,927$1,087$593$316$37
46 years$3,166$1,839$1,021$548$287$31
47 years$3,064$1,755$959$506$261$27
48 years$2,966$1,675$901$468$237$23
49 years$2,872$1,599$847$432$215$20
50 years$2,783$1,528$796$399$195$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $2,850,000, adding $6,502 every year, while hoping to spend $57,189 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: 78/6/16 Blend
47$2,850,000$2,850,000$2,850,000$2,850,000
48$3,147,407$2,996,357$2,952,182$3,381,559
49$3,407,594$3,082,330$2,990,231$3,622,844
50$3,692,403$3,170,598$3,027,639$3,879,564
51$4,004,285$3,261,215$3,064,322$4,159,589
52$4,345,941$3,354,233$3,100,195$4,465,228
53$4,720,341$3,449,705$3,135,166$4,799,024
54$5,130,760$3,547,685$3,169,139$5,163,779
55$5,580,804$3,648,228$3,202,011$5,562,580
56$6,074,444$3,751,389$3,233,676$5,998,825
57$6,616,053$3,857,223$3,264,020$6,476,259
58$7,210,451$3,965,786$3,292,925$6,999,007
59$7,862,942$4,077,136$3,320,263$7,571,614
60$8,579,374$4,191,327$3,345,904$8,199,088
61$9,366,187$4,308,418$3,369,708$8,886,943
62$10,230,473$4,428,466$3,391,528$9,641,257
63$11,180,048$4,551,527$3,411,211$10,468,726
64$12,223,520$4,677,660$3,428,594$11,376,726
65$13,370,375$4,806,921$3,443,508$12,373,386
66$14,631,060$4,939,367$3,455,773$13,467,662
67$16,017,088$5,075,056$3,465,201$14,669,421
68$17,541,141$5,214,044$3,471,595$15,989,536
69$19,217,193$5,356,387$3,474,749$17,439,987
70$21,060,637$5,502,141$3,474,444$19,033,974
71$23,088,437$5,651,360$3,470,452$20,786,044
72$25,319,280$5,804,099$3,462,535$22,712,225
73$27,773,757$5,960,411$3,450,440$24,830,178
74$30,474,556$6,120,347$3,433,906$27,159,363
75$33,446,675$6,283,958$3,412,656$29,721,227
76$36,717,657$6,451,293$3,386,401$32,539,400
77$40,317,851$6,622,399$3,354,838$35,639,922
78$44,280,697$6,797,322$3,317,650$39,051,487
79$48,643,041$6,976,104$3,274,505$42,805,716
80$53,445,485$7,158,787$3,225,055$46,937,453
81$58,732,765$7,345,408$3,168,934$51,485,093
82$64,554,176$7,536,002$3,105,763$56,490,950
83$70,964,037$7,730,602$3,035,141$62,001,649
84$78,022,203$7,929,235$2,956,652$68,068,572
85$85,794,626$8,131,926$2,869,858$74,748,340
86$94,353,982$8,338,694$2,774,303$82,103,347
87$103,780,354$8,549,556$2,669,508$90,202,353
88$114,161,987$8,764,521$2,554,973$99,121,127
89$125,596,122$8,983,595$2,430,177$108,943,169
90$138,189,912$9,206,776$2,294,573$119,760,492
91$152,061,432$9,434,058$2,147,591$131,674,497
92$167,340,796$9,665,424$1,988,633$144,796,923
93$184,171,381$9,900,855$1,817,076$159,250,910
94$202,711,184$10,140,318$1,632,270$175,172,154
95$223,134,308$10,383,777$1,433,535$192,710,195
96$245,632,608$10,631,183$1,220,158$212,029,823
97$270,417,500$10,882,477$991,400$233,312,637
98$297,721,958$11,137,591$746,485$256,758,761
99$327,802,709$11,396,445$484,604$282,588,729
100$360,942,660$11,658,946$204,913$311,045,572