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%18%
1 years$66,889$66,293$65,712$65,145$64,591$62,498
2 years$33,113$32,497$31,899$31,319$30,757$28,669
3 years$21,856$21,237$20,641$20,067$19,514$17,495
4 years$16,229$15,611$15,021$14,457$13,917$11,983
5 years$12,853$12,240$11,657$11,104$10,580$8,736
6 years$10,604$9,994$9,421$8,880$8,371$6,619
7 years$8,997$8,393$7,829$7,301$6,808$5,147
8 years$7,793$7,195$6,639$6,125$5,648$4,078
9 years$6,857$6,264$5,718$5,217$4,756$3,275
10 years$6,109$5,522$4,985$4,497$4,053$2,657
11 years$5,497$4,916$4,389$3,914$3,486$2,173
12 years$4,987$4,412$3,895$3,433$3,020$1,789
13 years$4,556$3,987$3,480$3,031$2,634$1,480
14 years$4,187$3,624$3,127$2,690$2,309$1,230
15 years$3,868$3,311$2,823$2,399$2,033$1,025
16 years$3,589$3,038$2,560$2,148$1,797$857
17 years$3,342$2,797$2,329$1,930$1,593$718
18 years$3,124$2,585$2,126$1,739$1,416$602
19 years$2,929$2,396$1,946$1,572$1,263$506
20 years$2,753$2,226$1,786$1,424$1,128$426
21 years$2,594$2,074$1,643$1,292$1,009$359
22 years$2,450$1,936$1,514$1,175$905$303
23 years$2,319$1,810$1,398$1,070$812$256
24 years$2,199$1,696$1,293$976$730$216
25 years$2,088$1,592$1,198$891$657$182
26 years$1,987$1,496$1,111$815$592$154
27 years$1,892$1,408$1,031$746$533$130
28 years$1,805$1,327$959$683$481$110
29 years$1,724$1,252$892$627$435$93
30 years$1,649$1,182$831$575$393$79
31 years$1,578$1,117$775$528$355$67
32 years$1,512$1,057$723$485$321$57
33 years$1,451$1,001$675$446$291$48
34 years$1,393$949$631$411$263$41
35 years$1,338$900$590$378$238$34
36 years$1,286$854$552$348$216$29
37 years$1,238$811$516$321$196$25
38 years$1,192$771$484$296$177$21
39 years$1,149$733$453$273$161$18
40 years$1,107$698$425$251$146$15
41 years$1,068$664$398$232$132$13
42 years$1,031$632$373$214$120$11
43 years$996$603$350$198$109$9
44 years$962$574$329$183$99$8
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$3
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 $2,667 every year, while hoping to spend $22,428 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: 72/15/13 Blend
47$810,000$810,000$810,000$810,000
48$895,371$852,441$839,886$957,163
49$962,836$870,347$844,159$1,016,350
50$1,036,430$888,380$847,823$1,078,137
51$1,116,756$906,520$850,835$1,145,195
52$1,204,475$924,749$853,148$1,218,042
53$1,300,316$943,047$854,714$1,297,246
54$1,405,082$961,390$855,480$1,383,434
55$1,519,657$979,754$855,395$1,477,295
56$1,645,012$998,113$854,402$1,579,589
57$1,782,220$1,016,438$852,441$1,691,155
58$1,932,460$1,034,696$849,451$1,812,915
59$2,097,031$1,052,856$845,367$1,945,885
60$2,277,363$1,070,881$840,122$2,091,186
61$2,475,031$1,088,731$833,643$2,250,053
62$2,691,771$1,106,366$825,857$2,423,844
63$2,929,494$1,123,740$816,685$2,614,060
64$3,190,303$1,140,804$806,046$2,822,352
65$3,476,519$1,157,508$793,853$3,050,538
66$3,790,694$1,173,796$780,016$3,300,626
67$4,135,641$1,189,608$764,443$3,574,825
68$4,514,458$1,204,882$747,035$3,875,571
69$4,930,561$1,219,548$727,688$4,205,547
70$5,387,708$1,233,536$706,295$4,567,711
71$5,890,042$1,246,767$682,744$4,965,324
72$6,442,127$1,259,160$656,917$5,401,977
73$7,048,991$1,270,625$628,690$5,881,629
74$7,716,172$1,281,071$597,936$6,408,644
75$8,449,774$1,290,395$564,519$6,987,829
76$9,256,520$1,298,493$528,299$7,624,485
77$10,143,817$1,305,252$489,129$8,324,451
78$11,119,827$1,310,550$446,856$9,094,163
79$12,193,542$1,314,260$401,319$9,940,714
80$13,374,871$1,316,245$352,350$10,871,923
81$14,674,729$1,316,362$299,774$11,896,404
82$16,105,144$1,314,457$243,410$13,023,653
83$17,679,370$1,310,367$183,065$14,264,133
84$19,412,009$1,303,918$118,542$15,629,379
85$21,319,152$1,294,928$49,630$17,132,098
86$23,418,527$1,283,201$0$18,786,300
87$25,729,671$1,268,532$0$20,610,738
88$28,274,109$1,250,701$0$22,626,670
89$31,075,559$1,229,477$0$24,845,990
90$34,160,159$1,204,614$0$27,289,394
91$37,556,707$1,175,852$0$29,979,694
92$41,296,937$1,142,915$0$32,942,023
93$45,415,819$1,105,512$0$36,204,083
94$49,951,884$1,063,334$0$39,796,397
95$54,947,593$1,016,054$0$43,752,603
96$60,449,733$963,326$0$48,109,771
97$66,509,863$904,786$0$52,908,750
98$73,184,795$840,047$0$58,194,557
99$80,537,134$768,699$0$64,016,802
100$88,635,868$690,312$0$70,430,152