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%18.3%
1 years$69,366$68,749$68,146$67,557$66,983$64,735
2 years$34,340$33,700$33,080$32,479$31,897$29,654
3 years$22,666$22,023$21,405$20,810$20,236$18,070
4 years$16,830$16,190$15,578$14,992$14,433$12,359
5 years$13,329$12,693$12,089$11,516$10,972$8,995
6 years$10,996$10,365$9,770$9,209$8,681$6,804
7 years$9,331$8,704$8,119$7,571$7,060$5,282
8 years$8,082$7,461$6,885$6,351$5,857$4,177
9 years$7,111$6,496$5,930$5,410$4,933$3,348
10 years$6,335$5,726$5,170$4,663$4,203$2,712
11 years$5,700$5,098$4,552$4,059$3,615$2,214
12 years$5,172$4,575$4,039$3,560$3,132$1,819
13 years$4,725$4,135$3,609$3,143$2,731$1,502
14 years$4,342$3,758$3,243$2,790$2,394$1,245
15 years$4,011$3,433$2,928$2,488$2,108$1,036
16 years$3,722$3,150$2,654$2,228$1,863$864
17 years$3,466$2,901$2,415$2,002$1,652$722
18 years$3,240$2,681$2,205$1,804$1,469$605
19 years$3,037$2,484$2,019$1,630$1,309$507
20 years$2,855$2,309$1,853$1,476$1,169$426
21 years$2,690$2,150$1,704$1,340$1,047$358
22 years$2,541$2,007$1,570$1,218$938$301
23 years$2,405$1,877$1,450$1,109$842$254
24 years$2,280$1,759$1,341$1,012$757$214
25 years$2,166$1,651$1,242$924$681$180
26 years$2,060$1,551$1,152$845$613$152
27 years$1,963$1,460$1,070$773$553$128
28 years$1,872$1,376$994$709$499$108
29 years$1,788$1,298$925$650$451$91
30 years$1,710$1,226$862$596$407$77
31 years$1,637$1,159$804$548$368$65
32 years$1,568$1,096$750$503$333$55
33 years$1,504$1,038$700$463$301$46
34 years$1,444$984$654$426$273$39
35 years$1,387$933$612$392$247$33
36 years$1,334$886$572$361$224$28
37 years$1,284$841$535$333$203$24
38 years$1,236$800$501$307$184$20
39 years$1,191$760$470$283$167$17
40 years$1,148$723$440$261$151$14
41 years$1,108$689$413$241$137$12
42 years$1,069$656$387$222$125$10
43 years$1,033$625$363$205$113$9
44 years$998$596$341$189$103$7
45 years$965$568$320$175$93$6
46 years$933$542$301$161$85$5
47 years$903$517$283$149$77$4
48 years$874$494$266$138$70$4
49 years$847$471$250$127$63$3
50 years$820$450$235$118$58$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $840,000, adding $2,599 every year, while hoping to spend $38,102 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: 65/9/26 Blend
47$840,000$840,000$840,000$840,000
48$928,361$883,841$870,821$982,214
49$982,513$886,609$859,453$1,021,642
50$1,040,913$888,235$846,428$1,060,229
51$1,103,951$888,624$831,648$1,101,553
52$1,172,061$887,674$815,015$1,145,889
53$1,245,716$885,275$796,424$1,193,537
54$1,325,439$881,313$775,763$1,244,832
55$1,411,802$875,666$752,920$1,300,141
56$1,505,436$868,204$727,773$1,359,871
57$1,607,034$858,789$700,197$1,424,473
58$1,717,358$847,276$670,060$1,494,443
59$1,837,248$833,512$637,226$1,570,332
60$1,967,624$817,331$601,550$1,652,745
61$2,109,503$798,561$562,883$1,742,353
62$2,264,000$777,019$521,068$1,839,897
63$2,432,346$752,510$475,941$1,946,194
64$2,615,891$724,829$427,331$2,062,148
65$2,816,124$693,758$375,058$2,188,757
66$3,034,683$659,067$318,938$2,327,123
67$3,273,372$620,512$258,773$2,478,461
68$3,534,175$577,837$194,362$2,644,114
69$3,819,279$530,768$125,490$2,825,567
70$4,131,088$479,019$51,937$3,024,454
71$4,472,253$422,284$0$3,242,584
72$4,845,689$360,243$0$3,489,317
73$5,254,611$292,556$0$3,775,344
74$5,702,554$218,864$0$4,088,740
75$6,193,414$138,789$0$4,432,258
76$6,731,482$51,929$0$4,808,934
77$7,321,483$0$0$5,222,112
78$7,968,620$0$0$5,679,651
79$8,678,626$0$0$6,187,338
80$9,457,815$0$0$6,744,552
81$10,313,142$0$0$7,356,275
82$11,252,266$0$0$8,027,992
83$12,283,628$0$0$8,765,748
84$13,416,522$0$0$9,576,201
85$14,661,191$0$0$10,466,684
86$16,028,916$0$0$11,445,279
87$17,532,125$0$0$12,520,887
88$19,184,512$0$0$13,703,314
89$21,001,162$0$0$15,003,366
90$22,998,696$0$0$16,432,947
91$25,195,423$0$0$18,005,170
92$27,611,518$0$0$19,734,486
93$30,269,209$0$0$21,636,816
94$33,192,986$0$0$23,729,699
95$36,409,832$0$0$26,032,463
96$39,949,478$0$0$28,566,403
97$43,844,682$0$0$31,354,981
98$48,131,539$0$0$34,424,051
99$52,849,817$0$0$37,802,098
100$58,043,339$0$0$41,520,510