Can I retire at age 48 with 830,000?

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 $830,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$68,541$67,930$67,334$66,753$66,185$65,603
2 years$33,931$33,299$32,687$32,093$31,517$30,930
3 years$22,396$21,761$21,150$20,562$19,996$19,423
4 years$16,630$15,997$15,392$14,814$14,261$13,706
5 years$13,171$12,542$11,945$11,378$10,841$10,306
6 years$10,865$10,241$9,653$9,099$8,578$8,064
7 years$9,220$8,601$8,022$7,481$6,976$6,482
8 years$7,986$7,372$6,803$6,276$5,788$5,314
9 years$7,026$6,419$5,860$5,346$4,874$4,421
10 years$6,260$5,658$5,109$4,608$4,153$3,720
11 years$5,633$5,037$4,497$4,010$3,572$3,159
12 years$5,110$4,521$3,991$3,518$3,095$2,702
13 years$4,669$4,086$3,566$3,105$2,699$2,325
14 years$4,291$3,714$3,204$2,757$2,366$2,010
15 years$3,963$3,393$2,893$2,458$2,083$1,746
16 years$3,677$3,113$2,623$2,201$1,841$1,521
17 years$3,425$2,867$2,387$1,978$1,632$1,329
18 years$3,201$2,649$2,179$1,782$1,451$1,165
19 years$3,001$2,455$1,995$1,611$1,294$1,023
20 years$2,821$2,281$1,830$1,459$1,156$900
21 years$2,658$2,125$1,684$1,324$1,034$793
22 years$2,511$1,983$1,552$1,204$927$700
23 years$2,376$1,855$1,433$1,096$832$619
24 years$2,253$1,738$1,325$1,000$748$547
25 years$2,140$1,631$1,227$913$673$485
26 years$2,036$1,533$1,138$835$606$429
27 years$1,939$1,443$1,057$764$547$381
28 years$1,850$1,359$983$700$493$338
29 years$1,767$1,283$914$642$445$300
30 years$1,690$1,211$852$589$402$267
31 years$1,617$1,145$794$541$364$237
32 years$1,550$1,083$741$497$329$211
33 years$1,486$1,026$692$457$298$187
34 years$1,427$972$646$421$270$167
35 years$1,371$922$604$387$244$148
36 years$1,318$875$565$357$221$132
37 years$1,268$831$529$329$201$118
38 years$1,221$790$495$303$182$105
39 years$1,177$751$464$279$165$93
40 years$1,135$715$435$258$150$83
41 years$1,095$680$408$238$136$74
42 years$1,057$648$383$219$123$66
43 years$1,021$617$359$203$112$59
44 years$986$589$337$187$101$52
45 years$953$561$317$173$92$47
46 years$922$535$297$160$84$42
47 years$892$511$279$147$76$37
48 years$864$488$262$136$69$33
49 years$836$466$247$126$63$30
50 years$810$445$232$116$57$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $830,000, adding $2,559 every year, while hoping to spend $56,875 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: 52/39/9 Blend
47$830,000$830,000$830,000$830,000
48$917,300$873,310$860,445$962,765
49$950,350$855,587$828,755$976,253
50$984,865$835,090$794,097$984,565
51$1,020,934$811,623$756,313$992,267
52$1,058,654$784,977$715,234$999,312
53$1,098,129$754,933$670,687$1,005,656
54$1,139,473$721,260$622,490$1,011,251
55$1,182,808$683,710$570,452$1,016,049
56$1,228,267$642,025$514,375$1,020,001
57$1,275,995$595,929$454,051$1,023,059
58$1,326,147$545,130$389,263$1,025,174
59$1,378,896$489,323$319,784$1,026,297
60$1,434,425$428,182$245,379$1,026,378
61$1,492,937$361,364$165,800$1,025,371
62$1,554,652$288,505$80,789$1,023,230
63$1,619,809$209,225$0$1,019,910
64$1,688,669$123,116$0$1,016,323
65$1,761,517$29,753$0$1,019,818
66$1,838,666$0$0$1,022,623
67$1,920,453$0$0$1,055,343
68$2,007,252$0$0$1,103,660
69$2,099,468$0$0$1,155,036
70$2,197,545$0$0$1,209,725
71$2,301,970$0$0$1,268,003
72$2,413,275$0$0$1,330,175
73$2,532,043$0$0$1,396,573
74$2,658,913$0$0$1,467,562
75$2,794,585$0$0$1,543,540
76$2,939,825$0$0$1,624,945
77$3,095,477$0$0$1,712,260
78$3,262,461$0$0$1,806,009
79$3,441,793$0$0$1,906,773
80$3,634,583$0$0$2,015,186
81$3,842,053$0$0$2,131,945
82$4,065,541$0$0$2,257,817
83$4,306,521$0$0$2,393,643
84$4,566,608$0$0$2,540,348
85$4,847,581$0$0$2,698,946
86$5,151,391$0$0$2,870,556
87$5,480,184$0$0$3,056,404
88$5,836,320$0$0$3,257,839
89$6,222,392$0$0$3,476,346
90$6,641,253$0$0$3,713,556
91$7,096,039$0$0$3,971,264
92$7,590,201$0$0$4,251,444
93$8,127,533$0$0$4,556,269
94$8,712,212$0$0$4,888,127
95$9,348,833$0$0$5,249,650
96$10,042,449$0$0$5,643,731
97$10,798,626$0$0$6,073,554
98$11,623,486$0$0$6,542,625
99$12,523,768$0$0$7,054,803
100$13,506,892$0$0$7,614,335