Can I retire at age 48 with 800,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%11.5%
1 years$66,063$65,475$64,901$64,340$63,793$63,391
2 years$32,705$32,095$31,505$30,933$30,378$29,972
3 years$21,586$20,975$20,386$19,819$19,273$18,876
4 years$16,029$15,419$14,836$14,278$13,746$13,361
5 years$12,695$12,088$11,513$10,967$10,449$10,078
6 years$10,473$9,871$9,304$8,771$8,268$7,911
7 years$8,886$8,290$7,732$7,211$6,724$6,381
8 years$7,697$7,106$6,557$6,049$5,578$5,249
9 years$6,773$6,187$5,648$5,152$4,698$4,382
10 years$6,033$5,453$4,924$4,441$4,003$3,701
11 years$5,429$4,855$4,335$3,865$3,442$3,154
12 years$4,926$4,357$3,847$3,390$2,983$2,708
13 years$4,500$3,938$3,437$2,993$2,601$2,339
14 years$4,136$3,579$3,088$2,657$2,280$2,030
15 years$3,820$3,270$2,788$2,370$2,008$1,770
16 years$3,544$3,000$2,528$2,122$1,775$1,549
17 years$3,301$2,763$2,300$1,906$1,573$1,359
18 years$3,085$2,553$2,100$1,718$1,399$1,196
19 years$2,892$2,366$1,922$1,552$1,247$1,055
20 years$2,719$2,199$1,764$1,406$1,114$932
21 years$2,562$2,048$1,623$1,276$997$825
22 years$2,420$1,912$1,496$1,160$893$731
23 years$2,290$1,788$1,381$1,057$802$649
24 years$2,172$1,675$1,277$964$721$577
25 years$2,063$1,572$1,183$880$649$513
26 years$1,962$1,478$1,097$805$584$457
27 years$1,869$1,391$1,019$737$527$407
28 years$1,783$1,310$947$675$475$363
29 years$1,703$1,236$881$619$429$324
30 years$1,628$1,167$821$568$388$289
31 years$1,559$1,104$765$522$351$258
32 years$1,494$1,044$714$479$317$231
33 years$1,433$989$667$441$287$206
34 years$1,375$937$623$406$260$185
35 years$1,321$889$582$373$235$165
36 years$1,271$844$545$344$213$148
37 years$1,223$801$510$317$193$132
38 years$1,177$762$478$292$175$118
39 years$1,134$724$447$269$159$106
40 years$1,094$689$419$248$144$95
41 years$1,055$656$393$229$131$85
42 years$1,019$625$369$211$119$76
43 years$984$595$346$195$108$68
44 years$951$567$325$180$98$61
45 years$919$541$305$166$89$55
46 years$889$516$287$154$81$49
47 years$860$492$269$142$73$44
48 years$833$470$253$131$66$39
49 years$806$449$238$121$60$35
50 years$781$429$224$112$55$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $800,000, adding $5,501 every year, while hoping to spend $45,985 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: 45/32/23 Blend
47$800,000$800,000$800,000$800,000
48$887,274$844,874$832,474$921,097
49$928,849$837,345$811,434$937,968
50$973,122$827,906$788,149$951,327
51$1,020,322$816,415$762,493$964,887
52$1,070,696$802,721$734,338$978,692
53$1,124,517$786,664$703,548$992,790
54$1,182,083$768,076$669,982$1,007,240
55$1,243,721$746,777$633,492$1,022,107
56$1,309,790$722,578$593,923$1,037,470
57$1,380,682$695,279$551,114$1,053,419
58$1,456,831$664,666$504,895$1,070,055
59$1,538,709$630,516$455,090$1,087,497
60$1,626,837$592,591$401,515$1,105,880
61$1,721,786$550,640$343,978$1,125,357
62$1,824,184$504,397$282,277$1,146,101
63$1,934,720$453,582$216,203$1,168,312
64$2,054,152$397,898$145,535$1,192,213
65$2,183,311$337,030$70,047$1,218,057
66$2,323,113$270,649$0$1,246,130
67$2,474,564$198,404$0$1,279,336
68$2,638,769$119,926$0$1,333,968
69$2,816,945$34,824$0$1,393,290
70$3,010,429$0$0$1,457,827
71$3,220,693$0$0$1,548,344
72$3,449,353$0$0$1,660,200
73$3,698,192$0$0$1,782,014
74$3,969,169$0$0$1,914,755
75$4,264,438$0$0$2,059,493
76$4,586,373$0$0$2,217,400
77$4,937,584$0$0$2,389,771
78$5,320,946$0$0$2,578,029
79$5,739,623$0$0$2,783,740
80$6,197,097$0$0$3,008,632
81$6,697,202$0$0$3,254,602
82$7,244,160$0$0$3,523,742
83$7,842,618$0$0$3,818,356
84$8,497,695$0$0$4,140,978
85$9,215,027$0$0$4,494,403
86$10,000,820$0$0$4,881,704
87$10,861,907$0$0$5,306,270
88$11,805,818$0$0$5,771,831
89$12,840,841$0$0$6,282,494
90$13,976,108$0$0$6,842,787
91$15,221,675$0$0$7,457,693
92$16,588,620$0$0$8,132,703
93$18,089,145$0$0$8,873,865
94$19,736,691$0$0$9,687,842
95$21,546,064$0$0$10,581,973
96$23,533,574$0$0$11,564,344
97$25,717,190$0$0$12,643,861
98$28,116,704$0$0$13,830,337
99$30,753,925$0$0$15,134,584
100$33,652,875$0$0$16,568,510