Can I retire at age 48 with 3,000,000?

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 $3,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$247,737$245,530$243,378$241,276$239,224$230,645
2 years$122,642$120,358$118,144$115,998$113,916$105,365
3 years$80,949$78,655$76,447$74,321$72,273$64,020
4 years$60,107$57,820$55,634$53,544$51,546$43,653
5 years$47,605$45,332$43,174$41,127$39,184$31,672
6 years$39,273$37,017$34,891$32,890$31,005$23,880
7 years$33,324$31,087$28,995$27,040$25,216$18,475
8 years$28,864$26,647$24,590$22,684$20,919$14,558
9 years$25,397$23,201$21,179$19,321$17,617$11,626
10 years$22,625$20,450$18,465$16,655$15,010$9,381
11 years$20,359$18,206$16,256$14,495$12,909$7,629
12 years$18,471$16,341$14,427$12,714$11,187$6,242
13 years$16,875$14,767$12,889$11,225$9,755$5,133
14 years$15,509$13,423$11,581$9,964$8,551$4,238
15 years$14,326$12,262$10,456$8,886$7,529$3,510
16 years$13,291$11,250$9,480$7,957$6,654$2,915
17 years$12,379$10,361$8,626$7,149$5,900$2,426
18 years$11,570$9,574$7,875$6,443$5,246$2,022
19 years$10,846$8,873$7,209$5,821$4,676$1,688
20 years$10,196$8,245$6,616$5,272$4,177$1,411
21 years$9,608$7,680$6,086$4,785$3,738$1,181
22 years$9,075$7,169$5,609$4,351$3,350$989
23 years$8,589$6,705$5,179$3,962$3,007$829
24 years$8,143$6,282$4,789$3,614$2,703$695
25 years$7,734$5,896$4,436$3,300$2,432$583
26 years$7,358$5,541$4,114$3,018$2,191$489
27 years$7,009$5,215$3,820$2,762$1,975$411
28 years$6,686$4,914$3,551$2,531$1,782$345
29 years$6,386$4,636$3,305$2,321$1,610$290
30 years$6,107$4,378$3,078$2,130$1,454$243
31 years$5,846$4,139$2,870$1,956$1,315$205
32 years$5,601$3,916$2,678$1,798$1,189$172
33 years$5,373$3,708$2,500$1,653$1,076$144
34 years$5,158$3,515$2,336$1,521$975$121
35 years$4,955$3,334$2,184$1,400$883$102
36 years$4,765$3,164$2,043$1,290$800$86
37 years$4,585$3,005$1,912$1,188$725$72
38 years$4,415$2,856$1,791$1,095$657$61
39 years$4,254$2,716$1,678$1,010$596$51
40 years$4,101$2,584$1,573$931$541$43
41 years$3,957$2,460$1,475$859$490$36
42 years$3,819$2,342$1,383$793$445$30
43 years$3,689$2,232$1,298$732$404$26
44 years$3,564$2,127$1,218$676$367$21
45 years$3,446$2,029$1,144$624$333$18
46 years$3,333$1,935$1,074$577$302$15
47 years$3,225$1,847$1,009$533$274$13
48 years$3,122$1,763$949$492$249$11
49 years$3,023$1,684$892$455$226$9
50 years$2,929$1,608$838$421$206$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $3,000,000, adding $5,229 every year, while hoping to spend $48,151 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: 61/27/12 Blend
47$3,000,000$3,000,000$3,000,000$3,000,000
48$3,311,394$3,152,394$3,105,894$3,503,602
49$3,597,924$3,255,629$3,158,709$3,736,502
50$3,912,066$3,362,308$3,211,680$3,984,588
51$4,256,586$3,472,551$3,264,760$4,254,120
52$4,634,530$3,586,478$3,317,902$4,547,176
53$5,049,252$3,704,216$3,371,052$4,866,041
54$5,504,450$3,825,897$3,424,157$5,213,229
55$6,004,194$3,951,655$3,477,155$5,591,507
56$6,552,967$4,081,632$3,529,986$6,003,924
57$7,155,710$4,215,973$3,582,581$6,453,831
58$7,817,865$4,354,827$3,634,869$6,944,922
59$8,545,426$4,498,353$3,686,776$7,481,260
60$9,344,997$4,646,710$3,738,221$8,067,323
61$10,223,855$4,800,067$3,789,120$8,708,037
62$11,190,015$4,958,597$3,839,382$9,408,829
63$12,252,308$5,122,480$3,888,913$10,175,675
64$13,420,464$5,291,902$3,937,612$11,015,156
65$14,705,202$5,467,056$3,985,372$11,934,518
66$16,118,332$5,648,141$4,032,082$12,941,745
67$17,672,868$5,835,366$4,077,623$14,045,628
68$19,383,146$6,028,944$4,121,868$15,255,849
69$21,264,963$6,229,098$4,164,687$16,583,076
70$23,335,724$6,436,059$4,205,939$18,039,055
71$25,614,608$6,650,066$4,245,478$19,636,729
72$28,122,745$6,871,366$4,283,149$21,390,354
73$30,883,419$7,100,217$4,318,788$23,315,633
74$33,922,284$7,336,884$4,352,224$25,429,867
75$37,267,609$7,581,644$4,383,276$27,752,114
76$40,950,543$7,834,782$4,411,753$30,303,371
77$45,005,408$8,096,596$4,437,456$33,106,770
78$49,470,023$8,367,392$4,460,175$36,187,795
79$54,386,062$8,647,491$4,479,687$39,574,522
80$59,799,445$8,937,223$4,495,761$43,297,885
81$65,760,772$9,236,931$4,508,153$47,391,967
82$72,325,801$9,546,970$4,516,606$51,894,318
83$79,555,971$9,867,711$4,520,851$56,846,310
84$87,518,987$10,199,535$4,520,606$62,293,528
85$96,289,452$10,542,840$4,515,574$68,286,200
86$105,949,575$10,898,039$4,505,446$74,879,667
87$116,589,947$11,265,558$4,489,893$82,134,905
88$128,310,392$11,645,841$4,468,576$90,119,104
89$141,220,914$12,039,349$4,441,134$98,906,294
90$155,442,729$12,446,558$4,407,194$108,578,051
91$171,109,413$12,867,966$4,366,361$119,224,258
92$188,368,162$13,304,085$4,318,223$130,943,958
93$207,381,180$13,755,450$4,262,348$143,846,286
94$228,327,208$14,222,616$4,198,285$158,051,497
95$251,403,216$14,706,156$4,125,560$173,692,103
96$276,826,255$15,206,669$4,043,678$190,914,118
97$304,835,512$15,724,775$3,952,120$209,878,439
98$335,694,562$16,261,116$3,850,343$230,762,363
99$369,693,858$16,816,361$3,737,780$253,761,259
100$407,153,474$17,391,205$3,613,838$279,090,408