Can I retire at age 48 with 810,000?

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 $810,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$66,889$66,293$65,712$65,145$64,591$62,573
2 years$33,113$32,497$31,899$31,319$30,757$28,743
3 years$21,856$21,237$20,641$20,067$19,514$17,565
4 years$16,229$15,611$15,021$14,457$13,917$12,050
5 years$12,853$12,240$11,657$11,104$10,580$8,798
6 years$10,604$9,994$9,421$8,880$8,371$6,677
7 years$8,997$8,393$7,829$7,301$6,808$5,202
8 years$7,793$7,195$6,639$6,125$5,648$4,128
9 years$6,857$6,264$5,718$5,217$4,756$3,321
10 years$6,109$5,522$4,985$4,497$4,053$2,700
11 years$5,497$4,916$4,389$3,914$3,486$2,213
12 years$4,987$4,412$3,895$3,433$3,020$1,825
13 years$4,556$3,987$3,480$3,031$2,634$1,513
14 years$4,187$3,624$3,127$2,690$2,309$1,260
15 years$3,868$3,311$2,823$2,399$2,033$1,052
16 years$3,589$3,038$2,560$2,148$1,797$881
17 years$3,342$2,797$2,329$1,930$1,593$740
18 years$3,124$2,585$2,126$1,739$1,416$622
19 years$2,929$2,396$1,946$1,572$1,263$524
20 years$2,753$2,226$1,786$1,424$1,128$442
21 years$2,594$2,074$1,643$1,292$1,009$374
22 years$2,450$1,936$1,514$1,175$905$316
23 years$2,319$1,810$1,398$1,070$812$267
24 years$2,199$1,696$1,293$976$730$226
25 years$2,088$1,592$1,198$891$657$192
26 years$1,987$1,496$1,111$815$592$162
27 years$1,892$1,408$1,031$746$533$138
28 years$1,805$1,327$959$683$481$117
29 years$1,724$1,252$892$627$435$99
30 years$1,649$1,182$831$575$393$84
31 years$1,578$1,117$775$528$355$71
32 years$1,512$1,057$723$485$321$61
33 years$1,451$1,001$675$446$291$51
34 years$1,393$949$631$411$263$44
35 years$1,338$900$590$378$238$37
36 years$1,286$854$552$348$216$31
37 years$1,238$811$516$321$196$27
38 years$1,192$771$484$296$177$23
39 years$1,149$733$453$273$161$19
40 years$1,107$698$425$251$146$16
41 years$1,068$664$398$232$132$14
42 years$1,031$632$373$214$120$12
43 years$996$603$350$198$109$10
44 years$962$574$329$183$99$9
45 years$930$548$309$169$90$7
46 years$900$523$290$156$82$6
47 years$871$499$273$144$74$5
48 years$843$476$256$133$67$4
49 years$816$455$241$123$61$4
50 years$791$434$226$114$55$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $810,000, adding $3,708 every year, while hoping to spend $58,317 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: 52/36/12 Blend
47$810,000$810,000$810,000$810,000
48$896,445$853,515$840,960$940,030
49$925,833$833,288$807,083$949,952
50$956,265$810,116$770,117$954,201
51$987,785$783,792$729,896$957,485
52$1,020,439$754,099$686,249$959,726
53$1,054,280$720,805$638,994$960,845
54$1,089,360$683,668$587,943$960,756
55$1,125,735$642,428$532,900$959,371
56$1,163,466$596,814$473,659$956,596
57$1,202,618$546,536$410,004$952,331
58$1,243,258$491,289$341,712$946,474
59$1,285,460$430,751$268,549$938,915
60$1,329,300$364,582$190,269$929,540
61$1,374,864$292,421$106,618$918,230
62$1,422,239$213,889$17,329$904,859
63$1,471,521$128,583$0$889,295
64$1,522,813$36,080$0$881,385
65$1,576,224$0$0$874,018
66$1,631,872$0$0$890,244
67$1,689,886$0$0$922,074
68$1,750,401$0$0$955,293
69$1,813,565$0$0$989,984
70$1,879,538$0$0$1,026,237
71$1,948,490$0$0$1,064,149
72$2,020,609$0$0$1,103,825
73$2,096,096$0$0$1,145,379
74$2,175,168$0$0$1,188,934
75$2,258,061$0$0$1,234,623
76$2,345,031$0$0$1,282,591
77$2,436,357$0$0$1,332,997
78$2,532,341$0$0$1,386,010
79$2,633,310$0$0$1,441,818
80$2,739,622$0$0$1,500,623
81$2,851,666$0$0$1,562,646
82$2,969,865$0$0$1,628,128
83$3,094,681$0$0$1,697,330
84$3,226,619$0$0$1,770,540
85$3,366,226$0$0$1,848,070
86$3,514,105$0$0$1,930,262
87$3,670,909$0$0$2,017,488
88$3,837,356$0$0$2,110,157
89$4,014,229$0$0$2,208,715
90$4,202,385$0$0$2,313,651
91$4,402,762$0$0$2,425,498
92$4,616,388$0$0$2,544,844
93$4,844,386$0$0$2,672,330
94$5,087,989$0$0$2,808,658
95$5,348,549$0$0$2,954,599
96$5,627,545$0$0$3,111,000
97$5,926,603$0$0$3,278,787
98$6,247,504$0$0$3,458,978
99$6,592,202$0$0$3,652,690
100$6,962,845$0$0$3,861,148