Can I retire at age 48 with 850,000?

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 $850,000?

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$70,192$69,567$68,957$68,362$67,780$65,742
2 years$34,749$34,101$33,474$32,866$32,276$30,240
3 years$22,936$22,286$21,660$21,058$20,477$18,507
4 years$17,030$16,382$15,763$15,171$14,605$12,715
5 years$13,488$12,844$12,233$11,653$11,102$9,299
6 years$11,127$10,488$9,886$9,319$8,785$7,069
7 years$9,442$8,808$8,215$7,661$7,144$5,516
8 years$8,178$7,550$6,967$6,427$5,927$4,385
9 years$7,196$6,574$6,001$5,474$4,991$3,534
10 years$6,410$5,794$5,232$4,719$4,253$2,879
11 years$5,768$5,158$4,606$4,107$3,658$2,364
12 years$5,234$4,630$4,088$3,602$3,170$1,954
13 years$4,781$4,184$3,652$3,180$2,764$1,623
14 years$4,394$3,803$3,281$2,823$2,423$1,354
15 years$4,059$3,474$2,963$2,518$2,133$1,133
16 years$3,766$3,188$2,686$2,254$1,885$951
17 years$3,507$2,936$2,444$2,026$1,672$801
18 years$3,278$2,713$2,231$1,825$1,486$675
19 years$3,073$2,514$2,043$1,649$1,325$570
20 years$2,889$2,336$1,875$1,494$1,183$482
21 years$2,722$2,176$1,724$1,356$1,059$408
22 years$2,571$2,031$1,589$1,233$949$346
23 years$2,433$1,900$1,467$1,123$852$293
24 years$2,307$1,780$1,357$1,024$766$249
25 years$2,191$1,670$1,257$935$689$211
26 years$2,085$1,570$1,166$855$621$179
27 years$1,986$1,478$1,082$783$560$152
28 years$1,894$1,392$1,006$717$505$130
29 years$1,809$1,313$936$658$456$110
30 years$1,730$1,240$872$603$412$94
31 years$1,656$1,173$813$554$373$80
32 years$1,587$1,109$759$509$337$68
33 years$1,522$1,051$708$468$305$58
34 years$1,461$996$662$431$276$49
35 years$1,404$945$619$397$250$42
36 years$1,350$897$579$365$227$36
37 years$1,299$851$542$337$205$30
38 years$1,251$809$507$310$186$26
39 years$1,205$769$475$286$169$22
40 years$1,162$732$446$264$153$19
41 years$1,121$697$418$243$139$16
42 years$1,082$664$392$225$126$14
43 years$1,045$632$368$207$114$12
44 years$1,010$603$345$192$104$10
45 years$976$575$324$177$94$8
46 years$944$548$304$163$86$7
47 years$914$523$286$151$78$6
48 years$885$500$269$139$71$5
49 years$857$477$253$129$64$4
50 years$830$456$238$119$58$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $850,000, adding $5,166 every year, while hoping to spend $34,853 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: 64/23/13 Blend
47$850,000$850,000$850,000$850,000
48$942,029$896,979$883,804$999,120
49$1,001,032$903,847$876,328$1,044,819
50$1,064,886$909,884$867,433$1,090,209
51$1,134,048$915,012$857,036$1,138,926
52$1,209,022$919,149$845,047$1,191,291
53$1,290,361$922,206$831,375$1,247,662
54$1,378,674$924,090$815,923$1,308,433
55$1,474,631$924,703$798,588$1,374,039
56$1,578,969$923,939$779,266$1,444,960
57$1,692,497$921,685$757,846$1,521,725
58$1,816,109$917,825$734,210$1,604,920
59$1,950,784$912,231$708,239$1,695,190
60$2,097,604$904,770$679,804$1,793,247
61$2,257,756$895,300$648,775$1,899,879
62$2,432,549$883,672$615,010$2,015,952
63$2,623,423$869,725$578,367$2,142,424
64$2,831,963$853,292$538,693$2,280,354
65$3,059,913$834,194$495,829$2,430,906
66$3,309,196$812,241$449,611$2,595,370
67$3,581,926$787,233$399,865$2,775,164
68$3,880,434$758,959$346,412$2,971,857
69$4,207,284$727,193$289,062$3,187,179
70$4,565,300$691,699$227,619$3,423,037
71$4,957,593$652,225$161,877$3,681,539
72$5,387,590$608,506$91,622$3,965,006
73$5,859,062$560,261$16,629$4,276,003
74$6,376,165$507,192$0$4,617,357
75$6,943,476$448,987$0$5,000,983
76$7,566,037$385,314$0$5,424,560
77$8,249,400$315,822$0$5,889,612
78$8,999,683$240,141$0$6,400,363
79$9,823,623$157,880$0$6,961,471
80$10,728,643$68,627$0$7,578,071
81$11,722,920$0$0$8,255,824
82$12,815,461$0$0$9,008,075
83$14,016,192$0$0$9,853,968
84$15,336,043$0$0$10,783,844
85$16,787,061$0$0$11,806,199
86$18,382,515$0$0$12,930,389
87$20,137,026$0$0$14,166,726
88$22,066,700$0$0$15,526,568
89$24,189,286$0$0$17,022,431
90$26,524,336$0$0$18,668,105
91$29,093,396$0$0$20,478,784
92$31,920,203$0$0$22,471,207
93$35,030,911$0$0$24,663,821
94$38,454,339$0$0$27,076,949
95$42,222,240$0$0$29,732,984
96$46,369,602$0$0$32,656,602
97$50,934,977$0$0$35,874,991
98$55,960,844$0$0$39,418,109
99$61,494,011$0$0$43,318,967
100$67,586,053$0$0$47,613,939