Can I retire at age 48 with 800,000?

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 $800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$66,063$65,475$64,901$64,340$63,793$62,531
2 years$32,705$32,095$31,505$30,933$30,378$29,111
3 years$21,586$20,975$20,386$19,819$19,273$18,042
4 years$16,029$15,419$14,836$14,278$13,746$12,559
5 years$12,695$12,088$11,513$10,967$10,449$9,311
6 years$10,473$9,871$9,304$8,771$8,268$7,179
7 years$8,886$8,290$7,732$7,211$6,724$5,685
8 years$7,697$7,106$6,557$6,049$5,578$4,589
9 years$6,773$6,187$5,648$5,152$4,698$3,757
10 years$6,033$5,453$4,924$4,441$4,003$3,110
11 years$5,429$4,855$4,335$3,865$3,442$2,597
12 years$4,926$4,357$3,847$3,390$2,983$2,183
13 years$4,500$3,938$3,437$2,993$2,601$1,845
14 years$4,136$3,579$3,088$2,657$2,280$1,567
15 years$3,820$3,270$2,788$2,370$2,008$1,336
16 years$3,544$3,000$2,528$2,122$1,775$1,142
17 years$3,301$2,763$2,300$1,906$1,573$980
18 years$3,085$2,553$2,100$1,718$1,399$842
19 years$2,892$2,366$1,922$1,552$1,247$725
20 years$2,719$2,199$1,764$1,406$1,114$625
21 years$2,562$2,048$1,623$1,276$997$540
22 years$2,420$1,912$1,496$1,160$893$467
23 years$2,290$1,788$1,381$1,057$802$404
24 years$2,172$1,675$1,277$964$721$350
25 years$2,063$1,572$1,183$880$649$303
26 years$1,962$1,478$1,097$805$584$263
27 years$1,869$1,391$1,019$737$527$228
28 years$1,783$1,310$947$675$475$198
29 years$1,703$1,236$881$619$429$172
30 years$1,628$1,167$821$568$388$150
31 years$1,559$1,104$765$522$351$130
32 years$1,494$1,044$714$479$317$113
33 years$1,433$989$667$441$287$98
34 years$1,375$937$623$406$260$86
35 years$1,321$889$582$373$235$74
36 years$1,271$844$545$344$213$65
37 years$1,223$801$510$317$193$56
38 years$1,177$762$478$292$175$49
39 years$1,134$724$447$269$159$43
40 years$1,094$689$419$248$144$37
41 years$1,055$656$393$229$131$32
42 years$1,019$625$369$211$119$28
43 years$984$595$346$195$108$25
44 years$951$567$325$180$98$21
45 years$919$541$305$166$89$19
46 years$889$516$287$154$81$16
47 years$860$492$269$142$73$14
48 years$833$470$253$131$66$12
49 years$806$449$238$121$60$11
50 years$781$429$224$112$55$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $800,000, adding $3,390 every year, while hoping to spend $47,321 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: 47/28/25 Blend
47$800,000$800,000$800,000$800,000
48$885,097$842,697$830,297$920,227
49$925,027$833,640$807,763$936,197
50$967,445$822,553$782,887$948,595
51$1,012,553$809,287$755,543$961,111
52$1,060,575$793,683$725,595$973,781
53$1,111,755$775,575$692,903$986,645
54$1,166,359$754,783$657,321$999,752
55$1,224,681$731,121$618,694$1,013,158
56$1,287,041$704,388$576,863$1,026,931
57$1,353,791$674,376$531,661$1,041,147
58$1,425,318$640,860$482,911$1,055,896
59$1,502,043$603,605$430,431$1,071,280
60$1,584,432$562,362$374,031$1,087,418
61$1,672,993$516,867$313,511$1,104,444
62$1,768,287$466,842$248,662$1,122,513
63$1,870,927$411,992$179,267$1,141,800
64$1,981,588$352,006$105,099$1,162,505
65$2,101,011$286,555$25,920$1,184,854
66$2,230,011$215,293$0$1,209,103
67$2,369,481$137,851$0$1,251,166
68$2,520,405$53,843$0$1,304,139
69$2,683,864$0$0$1,361,539
70$2,861,048$0$0$1,435,298
71$3,053,262$0$0$1,533,387
72$3,261,944$0$0$1,639,959
73$3,488,675$0$0$1,755,832
74$3,735,193$0$0$1,881,904
75$4,003,414$0$0$2,019,166
76$4,295,440$0$0$2,168,706
77$4,613,589$0$0$2,331,722
78$4,960,409$0$0$2,509,532
79$5,338,706$0$0$2,703,588
80$5,751,569$0$0$2,915,487
81$6,202,395$0$0$3,146,988
82$6,694,927$0$0$3,400,028
83$7,233,283$0$0$3,676,736
84$7,821,999$0$0$3,979,461
85$8,466,069$0$0$4,310,787
86$9,170,989$0$0$4,673,558
87$9,942,815$0$0$5,070,909
88$10,788,213$0$0$5,506,290
89$11,714,526$0$0$5,983,502
90$12,729,839$0$0$6,506,730
91$13,843,057$0$0$7,080,583
92$15,063,989$0$0$7,710,140
93$16,403,437$0$0$8,400,993
94$17,873,302$0$0$9,159,302
95$19,486,689$0$0$9,991,853
96$21,258,036$0$0$10,906,120
97$23,203,248$0$0$11,910,339
98$25,339,843$0$0$13,013,579
99$27,687,122$0$0$14,225,834
100$30,266,345$0$0$15,558,112