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%18.1%
1 years$66,063$65,475$64,901$64,340$63,793$61,702
2 years$32,705$32,095$31,505$30,933$30,378$28,291
3 years$21,586$20,975$20,386$19,819$19,273$17,256
4 years$16,029$15,419$14,836$14,278$13,746$11,814
5 years$12,695$12,088$11,513$10,967$10,449$8,608
6 years$10,473$9,871$9,304$8,771$8,268$6,518
7 years$8,886$8,290$7,732$7,211$6,724$5,066
8 years$7,697$7,106$6,557$6,049$5,578$4,011
9 years$6,773$6,187$5,648$5,152$4,698$3,219
10 years$6,033$5,453$4,924$4,441$4,003$2,610
11 years$5,429$4,855$4,335$3,865$3,442$2,134
12 years$4,926$4,357$3,847$3,390$2,983$1,755
13 years$4,500$3,938$3,437$2,993$2,601$1,451
14 years$4,136$3,579$3,088$2,657$2,280$1,205
15 years$3,820$3,270$2,788$2,370$2,008$1,004
16 years$3,544$3,000$2,528$2,122$1,775$838
17 years$3,301$2,763$2,300$1,906$1,573$702
18 years$3,085$2,553$2,100$1,718$1,399$589
19 years$2,892$2,366$1,922$1,552$1,247$494
20 years$2,719$2,199$1,764$1,406$1,114$416
21 years$2,562$2,048$1,623$1,276$997$350
22 years$2,420$1,912$1,496$1,160$893$295
23 years$2,290$1,788$1,381$1,057$802$249
24 years$2,172$1,675$1,277$964$721$210
25 years$2,063$1,572$1,183$880$649$177
26 years$1,962$1,478$1,097$805$584$150
27 years$1,869$1,391$1,019$737$527$127
28 years$1,783$1,310$947$675$475$107
29 years$1,703$1,236$881$619$429$90
30 years$1,628$1,167$821$568$388$76
31 years$1,559$1,104$765$522$351$65
32 years$1,494$1,044$714$479$317$55
33 years$1,433$989$667$441$287$46
34 years$1,375$937$623$406$260$39
35 years$1,321$889$582$373$235$33
36 years$1,271$844$545$344$213$28
37 years$1,223$801$510$317$193$24
38 years$1,177$762$478$292$175$20
39 years$1,134$724$447$269$159$17
40 years$1,094$689$419$248$144$14
41 years$1,055$656$393$229$131$12
42 years$1,019$625$369$211$119$10
43 years$984$595$346$195$108$9
44 years$951$567$325$180$98$7
45 years$919$541$305$166$89$6
46 years$889$516$287$154$81$5
47 years$860$492$269$142$73$4
48 years$833$470$253$131$66$4
49 years$806$449$238$121$60$3
50 years$781$429$224$112$55$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $800,000, adding $2,627 every year, while hoping to spend $47,516 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: 36/38/26 Blend
47$800,000$800,000$800,000$800,000
48$884,310$841,910$829,510$909,149
49$923,953$832,607$806,742$918,462
50$966,047$821,255$781,618$923,988
51$1,010,792$807,705$754,011$929,024
52$1,058,406$791,796$723,784$933,558
53$1,109,129$773,360$690,796$937,580
54$1,163,223$752,217$654,901$941,083
55$1,220,975$728,179$615,943$944,063
56$1,282,700$701,045$573,763$946,522
57$1,348,742$670,603$528,190$948,469
58$1,419,479$636,628$479,050$949,914
59$1,495,326$598,883$426,158$950,881
60$1,576,737$557,116$369,323$951,396
61$1,664,213$511,064$308,344$951,500
62$1,758,301$460,444$243,011$951,241
63$1,859,602$404,960$173,106$950,681
64$1,968,778$344,299$98,402$949,896
65$2,086,553$278,130$18,658$948,978
66$2,213,726$206,103$0$948,037
67$2,351,172$127,848$0$965,638
68$2,499,855$42,976$0$990,222
69$2,660,833$0$0$1,016,863
70$2,835,269$0$0$1,066,309
71$3,024,443$0$0$1,139,515
72$3,229,762$0$0$1,219,068
73$3,452,774$0$0$1,305,581
74$3,695,180$0$0$1,399,726
75$3,958,854$0$0$1,502,245
76$4,245,856$0$0$1,613,952
77$4,558,453$0$0$1,735,746
78$4,899,140$0$0$1,868,614
79$5,270,661$0$0$2,013,642
80$5,676,041$0$0$2,172,028
81$6,118,603$0$0$2,345,089
82$6,602,011$0$0$2,534,274
83$7,130,294$0$0$2,741,181
84$7,707,891$0$0$2,967,568
85$8,339,688$0$0$3,215,369
86$9,031,064$0$0$3,486,718
87$9,787,943$0$0$3,783,960
88$10,616,849$0$0$4,109,682
89$11,524,965$0$0$4,466,729
90$12,520,203$0$0$4,858,238
91$13,611,275$0$0$5,287,662
92$14,807,778$0$0$5,758,804
93$16,120,281$0$0$6,275,854
94$17,560,425$0$0$6,843,428
95$19,141,035$0$0$7,466,609
96$20,876,234$0$0$8,150,996
97$22,781,583$0$0$8,902,758
98$24,874,220$0$0$9,728,692
99$27,173,026$0$0$10,636,283
100$29,698,803$0$0$11,633,779