Can I retire at age 48 with 810,000?

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 $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%15.5%
1 years$66,889$66,293$65,712$65,145$64,591$63,132
2 years$33,113$32,497$31,899$31,319$30,757$29,295
3 years$21,856$21,237$20,641$20,067$19,514$18,094
4 years$16,229$15,611$15,021$14,457$13,917$12,551
5 years$12,853$12,240$11,657$11,104$10,580$9,271
6 years$10,604$9,994$9,421$8,880$8,371$7,122
7 years$8,997$8,393$7,829$7,301$6,808$5,617
8 years$7,793$7,195$6,639$6,125$5,648$4,516
9 years$6,857$6,264$5,718$5,217$4,756$3,682
10 years$6,109$5,522$4,985$4,497$4,053$3,034
11 years$5,497$4,916$4,389$3,914$3,486$2,522
12 years$4,987$4,412$3,895$3,433$3,020$2,111
13 years$4,556$3,987$3,480$3,031$2,634$1,776
14 years$4,187$3,624$3,127$2,690$2,309$1,501
15 years$3,868$3,311$2,823$2,399$2,033$1,273
16 years$3,589$3,038$2,560$2,148$1,797$1,084
17 years$3,342$2,797$2,329$1,930$1,593$924
18 years$3,124$2,585$2,126$1,739$1,416$790
19 years$2,929$2,396$1,946$1,572$1,263$677
20 years$2,753$2,226$1,786$1,424$1,128$581
21 years$2,594$2,074$1,643$1,292$1,009$499
22 years$2,450$1,936$1,514$1,175$905$429
23 years$2,319$1,810$1,398$1,070$812$369
24 years$2,199$1,696$1,293$976$730$318
25 years$2,088$1,592$1,198$891$657$274
26 years$1,987$1,496$1,111$815$592$236
27 years$1,892$1,408$1,031$746$533$204
28 years$1,805$1,327$959$683$481$176
29 years$1,724$1,252$892$627$435$152
30 years$1,649$1,182$831$575$393$131
31 years$1,578$1,117$775$528$355$114
32 years$1,512$1,057$723$485$321$98
33 years$1,451$1,001$675$446$291$85
34 years$1,393$949$631$411$263$73
35 years$1,338$900$590$378$238$64
36 years$1,286$854$552$348$216$55
37 years$1,238$811$516$321$196$48
38 years$1,192$771$484$296$177$41
39 years$1,149$733$453$273$161$36
40 years$1,107$698$425$251$146$31
41 years$1,068$664$398$232$132$27
42 years$1,031$632$373$214$120$23
43 years$996$603$350$198$109$20
44 years$962$574$329$183$99$17
45 years$930$548$309$169$90$15
46 years$900$523$290$156$82$13
47 years$871$499$273$144$74$11
48 years$843$476$256$133$67$10
49 years$816$455$241$123$61$8
50 years$791$434$226$114$55$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $810,000, adding $3,152 every year, while hoping to spend $58,908 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: 54/19/27 Blend
47$810,000$810,000$810,000$810,000
48$895,871$852,941$840,386$937,382
49$924,573$832,058$805,862$945,506
50$954,227$808,177$768,206$948,031
51$984,870$781,089$727,252$949,588
52$1,016,537$750,573$682,826$950,108
53$1,049,268$716,395$634,745$949,516
54$1,083,102$678,307$582,817$947,733
55$1,118,081$636,047$526,845$944,676
56$1,154,251$589,339$466,619$940,259
57$1,191,656$537,888$401,923$934,391
58$1,230,347$481,387$332,529$926,976
59$1,270,374$419,506$258,201$917,912
60$1,311,792$351,902$178,690$907,095
61$1,354,657$278,207$93,739$894,414
62$1,399,030$198,037$3,077$879,752
63$1,444,974$110,984$0$862,988
64$1,492,557$16,617$0$870,982
65$1,541,849$0$0$879,312
66$1,592,926$0$0$904,919
67$1,645,868$0$0$935,070
68$1,700,759$0$0$966,337
69$1,757,691$0$0$998,775
70$1,816,758$0$0$1,032,438
71$1,878,063$0$0$1,067,386
72$1,941,716$0$0$1,103,683
73$2,007,831$0$0$1,141,395
74$2,076,535$0$0$1,180,597
75$2,147,959$0$0$1,221,364
76$2,222,246$0$0$1,263,780
77$2,299,550$0$0$1,307,935
78$2,380,033$0$0$1,353,924
79$2,463,872$0$0$1,401,849
80$2,551,257$0$0$1,451,823
81$2,642,391$0$0$1,503,965
82$2,737,494$0$0$1,558,402
83$2,836,804$0$0$1,615,274
84$2,940,576$0$0$1,674,732
85$3,049,087$0$0$1,736,938
86$3,162,636$0$0$1,802,067
87$3,281,547$0$0$1,870,310
88$3,406,172$0$0$1,941,873
89$3,536,890$0$0$2,016,981
90$3,674,114$0$0$2,095,877
91$3,818,295$0$0$2,178,825
92$3,969,918$0$0$2,266,112
93$4,129,515$0$0$2,358,051
94$4,297,663$0$0$2,454,983
95$4,474,990$0$0$2,557,279
96$4,662,182$0$0$2,665,344
97$4,859,987$0$0$2,779,619
98$5,069,218$0$0$2,900,586
99$5,290,767$0$0$3,028,771
100$5,525,605$0$0$3,164,749