Can I retire at age 48 with 840,000?

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 $840,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$69,366$68,749$68,146$67,557$66,983$64,969
2 years$34,340$33,700$33,080$32,479$31,897$29,884
3 years$22,666$22,023$21,405$20,810$20,236$18,289
4 years$16,830$16,190$15,578$14,992$14,433$12,566
5 years$13,329$12,693$12,089$11,516$10,972$9,189
6 years$10,996$10,365$9,770$9,209$8,681$6,986
7 years$9,331$8,704$8,119$7,571$7,060$5,451
8 years$8,082$7,461$6,885$6,351$5,857$4,333
9 years$7,111$6,496$5,930$5,410$4,933$3,493
10 years$6,335$5,726$5,170$4,663$4,203$2,845
11 years$5,700$5,098$4,552$4,059$3,615$2,336
12 years$5,172$4,575$4,039$3,560$3,132$1,931
13 years$4,725$4,135$3,609$3,143$2,731$1,604
14 years$4,342$3,758$3,243$2,790$2,394$1,338
15 years$4,011$3,433$2,928$2,488$2,108$1,120
16 years$3,722$3,150$2,654$2,228$1,863$940
17 years$3,466$2,901$2,415$2,002$1,652$791
18 years$3,240$2,681$2,205$1,804$1,469$667
19 years$3,037$2,484$2,019$1,630$1,309$563
20 years$2,855$2,309$1,853$1,476$1,169$476
21 years$2,690$2,150$1,704$1,340$1,047$403
22 years$2,541$2,007$1,570$1,218$938$342
23 years$2,405$1,877$1,450$1,109$842$290
24 years$2,280$1,759$1,341$1,012$757$246
25 years$2,166$1,651$1,242$924$681$209
26 years$2,060$1,551$1,152$845$613$177
27 years$1,963$1,460$1,070$773$553$151
28 years$1,872$1,376$994$709$499$128
29 years$1,788$1,298$925$650$451$109
30 years$1,710$1,226$862$596$407$93
31 years$1,637$1,159$804$548$368$79
32 years$1,568$1,096$750$503$333$67
33 years$1,504$1,038$700$463$301$57
34 years$1,444$984$654$426$273$49
35 years$1,387$933$612$392$247$41
36 years$1,334$886$572$361$224$35
37 years$1,284$841$535$333$203$30
38 years$1,236$800$501$307$184$26
39 years$1,191$760$470$283$167$22
40 years$1,148$723$440$261$151$19
41 years$1,108$689$413$241$137$16
42 years$1,069$656$387$222$125$13
43 years$1,033$625$363$205$113$11
44 years$998$596$341$189$103$10
45 years$965$568$320$175$93$8
46 years$933$542$301$161$85$7
47 years$903$517$283$149$77$6
48 years$874$494$266$138$70$5
49 years$847$471$250$127$63$4
50 years$820$450$235$118$58$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $840,000, adding $5,222 every year, while hoping to spend $21,816 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: 60/22/18 Blend
47$840,000$840,000$840,000$840,000
48$931,066$886,546$873,526$982,300
49$1,002,823$906,775$879,578$1,037,771
50$1,081,168$927,264$885,100$1,095,385
51$1,166,750$948,002$890,054$1,157,738
52$1,260,283$968,979$894,395$1,225,292
53$1,362,554$990,181$898,079$1,298,554
54$1,474,428$1,011,594$901,059$1,378,086
55$1,596,861$1,033,203$903,285$1,464,506
56$1,730,900$1,054,990$904,705$1,558,494
57$1,877,703$1,076,936$905,264$1,660,800
58$2,038,543$1,099,020$904,905$1,772,250
59$2,214,823$1,121,219$903,567$1,893,755
60$2,408,085$1,143,510$901,187$2,026,320
61$2,620,032$1,165,864$897,699$2,171,049
62$2,852,536$1,188,253$893,033$2,329,163
63$3,107,662$1,210,644$887,117$2,502,004
64$3,387,682$1,233,004$879,873$2,691,054
65$3,695,100$1,255,295$871,223$2,897,945
66$4,032,673$1,277,477$861,082$3,124,474
67$4,403,440$1,299,508$849,362$3,372,626
68$4,810,747$1,321,340$835,973$3,644,585
69$5,258,281$1,342,924$820,816$3,942,759
70$5,750,105$1,364,206$803,792$4,269,803
71$6,290,692$1,385,129$784,795$4,628,643
72$6,884,972$1,405,630$763,716$5,022,504
73$7,538,377$1,425,643$740,438$5,454,940
74$8,256,889$1,445,098$714,841$5,929,869
75$9,047,103$1,463,919$686,799$6,451,609
76$9,916,281$1,482,024$656,180$7,024,919
77$10,872,425$1,499,327$622,845$7,655,045
78$11,924,354$1,515,735$586,652$8,347,770
79$13,081,782$1,531,150$547,449$9,109,466
80$14,355,414$1,545,467$505,079$9,947,158
81$15,757,044$1,558,572$459,376$10,868,587
82$17,299,667$1,570,348$410,171$11,882,288
83$18,997,603$1,580,665$357,282$12,997,664
84$20,866,631$1,589,389$300,522$14,225,083
85$22,924,133$1,596,376$239,696$15,575,970
86$25,189,268$1,601,472$174,599$17,062,917
87$27,683,144$1,604,514$105,018$18,699,805
88$30,429,018$1,605,329$30,731$20,501,931
89$33,452,521$1,603,733$0$22,486,155
90$36,781,893$1,599,531$0$24,680,385
91$40,448,254$1,592,515$0$27,102,682
92$44,485,893$1,582,465$0$29,769,759
93$48,932,597$1,569,149$0$32,706,547
94$53,830,002$1,552,318$0$35,940,518
95$59,223,991$1,531,710$0$39,501,948
96$65,165,121$1,507,047$0$43,424,203
97$71,709,106$1,478,035$0$47,744,051
98$78,917,337$1,444,361$0$52,502,012
99$86,857,466$1,405,695$0$57,742,741
100$95,604,040$1,361,686$0$63,515,447