Can I retire at age 48 with 840,000?

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 $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%17.9%
1 years$69,366$68,749$68,146$67,557$66,983$64,839
2 years$34,340$33,700$33,080$32,479$31,897$29,756
3 years$22,666$22,023$21,405$20,810$20,236$18,167
4 years$16,830$16,190$15,578$14,992$14,433$12,450
5 years$13,329$12,693$12,089$11,516$10,972$9,081
6 years$10,996$10,365$9,770$9,209$8,681$6,884
7 years$9,331$8,704$8,119$7,571$7,060$5,357
8 years$8,082$7,461$6,885$6,351$5,857$4,246
9 years$7,111$6,496$5,930$5,410$4,933$3,412
10 years$6,335$5,726$5,170$4,663$4,203$2,770
11 years$5,700$5,098$4,552$4,059$3,615$2,267
12 years$5,172$4,575$4,039$3,560$3,132$1,868
13 years$4,725$4,135$3,609$3,143$2,731$1,546
14 years$4,342$3,758$3,243$2,790$2,394$1,286
15 years$4,011$3,433$2,928$2,488$2,108$1,072
16 years$3,722$3,150$2,654$2,228$1,863$897
17 years$3,466$2,901$2,415$2,002$1,652$752
18 years$3,240$2,681$2,205$1,804$1,469$632
19 years$3,037$2,484$2,019$1,630$1,309$531
20 years$2,855$2,309$1,853$1,476$1,169$448
21 years$2,690$2,150$1,704$1,340$1,047$377
22 years$2,541$2,007$1,570$1,218$938$319
23 years$2,405$1,877$1,450$1,109$842$269
24 years$2,280$1,759$1,341$1,012$757$227
25 years$2,166$1,651$1,242$924$681$192
26 years$2,060$1,551$1,152$845$613$163
27 years$1,963$1,460$1,070$773$553$138
28 years$1,872$1,376$994$709$499$117
29 years$1,788$1,298$925$650$451$99
30 years$1,710$1,226$862$596$407$84
31 years$1,637$1,159$804$548$368$71
32 years$1,568$1,096$750$503$333$60
33 years$1,504$1,038$700$463$301$51
34 years$1,444$984$654$426$273$43
35 years$1,387$933$612$392$247$37
36 years$1,334$886$572$361$224$31
37 years$1,284$841$535$333$203$26
38 years$1,236$800$501$307$184$22
39 years$1,191$760$470$283$167$19
40 years$1,148$723$440$261$151$16
41 years$1,108$689$413$241$137$14
42 years$1,069$656$387$222$125$12
43 years$1,033$625$363$205$113$10
44 years$998$596$341$189$103$8
45 years$965$568$320$175$93$7
46 years$933$542$301$161$85$6
47 years$903$517$283$149$77$5
48 years$874$494$266$138$70$4
49 years$847$471$250$127$63$4
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 $3,772 every year, while hoping to spend $40,824 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: 59/23/18 Blend
47$840,000$840,000$840,000$840,000
48$929,571$885,051$872,031$979,847
49$980,951$884,982$857,807$1,014,257
50$1,036,203$883,541$841,739$1,046,951
51$1,095,680$880,619$823,722$1,081,674
52$1,159,767$876,097$803,644$1,118,629
53$1,228,890$869,853$781,393$1,158,041
54$1,303,514$861,753$756,847$1,200,160
55$1,384,152$851,659$729,881$1,245,262
56$1,471,368$839,422$700,364$1,293,651
57$1,565,779$824,885$668,158$1,345,669
58$1,668,067$807,883$633,120$1,401,690
59$1,778,979$788,238$595,098$1,462,130
60$1,899,338$765,765$553,938$1,527,451
61$2,030,050$740,267$509,474$1,598,162
62$2,172,109$711,534$461,535$1,674,829
63$2,326,610$679,345$409,943$1,758,078
64$2,494,758$643,467$354,510$1,848,600
65$2,677,879$603,653$295,041$1,947,161
66$2,877,430$559,639$231,333$2,054,609
67$3,095,018$511,152$163,172$2,171,881
68$3,332,409$457,897$90,337$2,300,014
69$3,591,546$399,566$12,596$2,440,156
70$3,874,572$335,832$0$2,593,574
71$4,183,842$266,352$0$2,775,185
72$4,521,950$190,760$0$2,976,484
73$4,891,754$108,671$0$3,196,814
74$5,296,397$19,680$0$3,438,121
75$5,739,342$0$0$3,702,554
76$6,224,404$0$0$4,011,878
77$6,755,781$0$0$4,356,263
78$7,338,097$0$0$4,733,733
79$7,976,447$0$0$5,147,598
80$8,676,438$0$0$5,601,505
81$9,444,251$0$0$6,099,470
82$10,286,689$0$0$6,645,915
83$11,211,248$0$0$7,245,713
84$12,226,185$0$0$7,904,230
85$13,340,593$0$0$8,627,379
86$14,564,493$0$0$9,421,673
87$15,908,920$0$0$10,294,284
88$17,386,032$0$0$11,253,118
89$19,009,224$0$0$12,306,880
90$20,793,250$0$0$13,465,163
91$22,754,367$0$0$14,738,535
92$24,910,485$0$0$16,138,639
93$27,281,334$0$0$17,678,301
94$29,888,654$0$0$19,371,655
95$32,756,397$0$0$21,234,272
96$35,910,951$0$0$23,283,306
97$39,381,392$0$0$25,537,661
98$43,199,754$0$0$28,018,163
99$47,401,336$0$0$30,747,760
100$52,025,028$0$0$33,751,735