Can I retire at age 48 with 820,000?

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 $820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$67,715$67,112$66,523$65,949$65,388$63,781
2 years$33,522$32,898$32,293$31,706$31,137$29,528
3 years$22,126$21,499$20,896$20,314$19,755$18,194
4 years$16,429$15,804$15,207$14,635$14,089$12,589
5 years$13,012$12,391$11,801$11,241$10,710$9,274
6 years$10,735$10,118$9,537$8,990$8,475$7,105
7 years$9,108$8,497$7,925$7,391$6,892$5,588
8 years$7,889$7,283$6,721$6,200$5,718$4,479
9 years$6,942$6,342$5,789$5,281$4,815$3,641
10 years$6,184$5,590$5,047$4,552$4,103$2,991
11 years$5,565$4,976$4,443$3,962$3,529$2,479
12 years$5,049$4,466$3,943$3,475$3,058$2,067
13 years$4,613$4,036$3,523$3,068$2,666$1,734
14 years$4,239$3,669$3,165$2,723$2,337$1,460
15 years$3,916$3,352$2,858$2,429$2,058$1,235
16 years$3,633$3,075$2,591$2,175$1,819$1,047
17 years$3,384$2,832$2,358$1,954$1,613$890
18 years$3,162$2,617$2,152$1,761$1,434$758
19 years$2,965$2,425$1,970$1,591$1,278$647
20 years$2,787$2,254$1,808$1,441$1,142$553
21 years$2,626$2,099$1,663$1,308$1,022$473
22 years$2,480$1,960$1,533$1,189$916$405
23 years$2,348$1,833$1,416$1,083$822$347
24 years$2,226$1,717$1,309$988$739$298
25 years$2,114$1,611$1,212$902$665$256
26 years$2,011$1,515$1,125$825$599$220
27 years$1,916$1,425$1,044$755$540$189
28 years$1,828$1,343$971$692$487$162
29 years$1,746$1,267$903$634$440$140
30 years$1,669$1,197$841$582$398$120
31 years$1,598$1,131$784$535$359$104
32 years$1,531$1,070$732$491$325$89
33 years$1,468$1,014$683$452$294$77
34 years$1,410$961$639$416$266$66
35 years$1,354$911$597$383$241$57
36 years$1,302$865$558$352$219$49
37 years$1,253$821$523$325$198$42
38 years$1,207$781$489$299$180$36
39 years$1,163$742$459$276$163$31
40 years$1,121$706$430$255$148$27
41 years$1,082$672$403$235$134$23
42 years$1,044$640$378$217$122$20
43 years$1,008$610$355$200$110$17
44 years$974$581$333$185$100$15
45 years$942$555$313$171$91$13
46 years$911$529$294$158$83$11
47 years$882$505$276$146$75$10
48 years$853$482$259$135$68$8
49 years$826$460$244$124$62$7
50 years$801$440$229$115$56$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $820,000, adding $4,446 every year, while hoping to spend $25,231 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: 36/39/25 Blend
47$820,000$820,000$820,000$820,000
48$908,226$864,766$852,056$933,951
49$974,020$880,294$853,754$968,862
50$1,045,678$895,737$854,664$1,003,898
51$1,123,774$911,065$854,732$1,041,225
52$1,208,936$926,244$853,902$1,081,063
53$1,301,856$941,238$852,116$1,123,659
54$1,403,296$956,010$849,313$1,169,283
55$1,514,096$970,519$845,429$1,218,235
56$1,635,180$984,719$840,396$1,270,846
57$1,767,562$998,565$834,144$1,327,481
58$1,912,365$1,012,006$826,599$1,388,546
59$2,070,819$1,024,987$817,683$1,454,487
60$2,244,282$1,037,451$807,315$1,525,798
61$2,434,249$1,049,336$795,411$1,603,024
62$2,642,366$1,060,577$781,880$1,686,770
63$2,870,445$1,071,104$766,631$1,777,701
64$3,120,483$1,080,840$749,566$1,876,554
65$3,394,678$1,089,707$730,582$1,984,142
66$3,695,452$1,097,620$709,573$2,101,363
67$4,025,473$1,104,487$686,428$2,229,210
68$4,387,677$1,110,213$661,030$2,368,779
69$4,785,302$1,114,696$633,256$2,521,281
70$5,221,913$1,117,826$602,980$2,688,052
71$5,701,435$1,119,487$570,067$2,870,568
72$6,228,196$1,119,556$534,379$3,070,459
73$6,806,961$1,117,903$495,770$3,289,526
74$7,442,980$1,114,389$454,087$3,529,754
75$8,142,036$1,108,866$409,171$3,793,337
76$8,910,502$1,101,179$360,857$4,082,697
77$9,755,398$1,091,162$308,971$4,400,505
78$10,684,459$1,078,639$253,331$4,749,712
79$11,706,204$1,063,423$193,748$5,133,572
80$12,830,024$1,045,317$130,025$5,555,680
81$14,066,261$1,024,113$61,956$6,020,000
82$15,426,314$999,588$0$6,530,907
83$16,922,738$971,508$0$7,096,080
84$18,569,370$939,625$0$7,735,817
85$20,381,455$903,676$0$8,439,514
86$22,375,790$863,383$0$9,213,720
87$24,570,883$818,451$0$10,065,658
88$26,987,128$768,569$0$11,003,290
89$29,646,995$713,409$0$12,035,396
90$32,575,244$652,622$0$13,171,654
91$35,799,159$585,841$0$14,422,739
92$39,348,802$512,676$0$15,800,417
93$43,257,300$432,717$0$17,317,662
94$47,561,155$345,531$0$18,988,776
95$52,300,589$250,658$0$20,829,527
96$57,519,923$147,614$0$22,857,301
97$63,267,997$35,888$0$25,091,264
98$69,598,627$0$0$27,552,543
99$76,571,115$0$0$30,300,935
100$84,250,811$0$0$33,345,219