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%12%
1 years$70,192$69,567$68,957$68,362$67,780$67,212
2 years$34,749$34,101$33,474$32,866$32,276$31,704
3 years$22,936$22,286$21,660$21,058$20,477$19,918
4 years$17,030$16,382$15,763$15,171$14,605$14,063
5 years$13,488$12,844$12,233$11,653$11,102$10,580
6 years$11,127$10,488$9,886$9,319$8,785$8,282
7 years$9,442$8,808$8,215$7,661$7,144$6,662
8 years$8,178$7,550$6,967$6,427$5,927$5,465
9 years$7,196$6,574$6,001$5,474$4,991$4,549
10 years$6,410$5,794$5,232$4,719$4,253$3,830
11 years$5,768$5,158$4,606$4,107$3,658$3,254
12 years$5,234$4,630$4,088$3,602$3,170$2,785
13 years$4,781$4,184$3,652$3,180$2,764$2,398
14 years$4,394$3,803$3,281$2,823$2,423$2,075
15 years$4,059$3,474$2,963$2,518$2,133$1,803
16 years$3,766$3,188$2,686$2,254$1,885$1,572
17 years$3,507$2,936$2,444$2,026$1,672$1,375
18 years$3,278$2,713$2,231$1,825$1,486$1,206
19 years$3,073$2,514$2,043$1,649$1,325$1,059
20 years$2,889$2,336$1,875$1,494$1,183$933
21 years$2,722$2,176$1,724$1,356$1,059$823
22 years$2,571$2,031$1,589$1,233$949$727
23 years$2,433$1,900$1,467$1,123$852$643
24 years$2,307$1,780$1,357$1,024$766$569
25 years$2,191$1,670$1,257$935$689$504
26 years$2,085$1,570$1,166$855$621$447
27 years$1,986$1,478$1,082$783$560$397
28 years$1,894$1,392$1,006$717$505$352
29 years$1,809$1,313$936$658$456$313
30 years$1,730$1,240$872$603$412$279
31 years$1,656$1,173$813$554$373$248
32 years$1,587$1,109$759$509$337$220
33 years$1,522$1,051$708$468$305$196
34 years$1,461$996$662$431$276$175
35 years$1,404$945$619$397$250$156
36 years$1,350$897$579$365$227$139
37 years$1,299$851$542$337$205$124
38 years$1,251$809$507$310$186$110
39 years$1,205$769$475$286$169$98
40 years$1,162$732$446$264$153$88
41 years$1,121$697$418$243$139$78
42 years$1,082$664$392$225$126$70
43 years$1,045$632$368$207$114$62
44 years$1,010$603$345$192$104$55
45 years$976$575$324$177$94$49
46 years$944$548$304$163$86$44
47 years$914$523$286$151$78$39
48 years$885$500$269$139$71$35
49 years$857$477$253$129$64$31
50 years$830$456$238$119$58$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $850,000, adding $3,346 every year, while hoping to spend $35,941 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: 47/36/17 Blend
47$850,000$850,000$850,000$850,000
48$940,151$895,101$881,926$979,672
49$997,806$900,720$873,230$1,013,099
50$1,060,137$905,410$863,038$1,045,449
51$1,127,582$909,087$851,261$1,079,790
52$1,200,626$911,663$837,809$1,116,323
53$1,279,798$913,042$822,584$1,155,269
54$1,365,682$913,126$805,485$1,196,877
55$1,458,920$911,807$786,406$1,241,418
56$1,560,216$908,973$765,238$1,289,198
57$1,670,349$904,502$741,864$1,340,552
58$1,790,171$898,270$716,162$1,395,853
59$1,920,622$890,139$688,008$1,455,515
60$2,062,737$879,967$657,268$1,519,997
61$2,217,653$867,602$623,803$1,589,806
62$2,386,623$852,884$587,470$1,665,505
63$2,571,025$835,642$548,117$1,747,718
64$2,772,377$815,696$505,586$1,837,133
65$2,992,348$792,854$459,712$1,934,516
66$3,232,778$766,914$410,322$2,040,712
67$3,495,691$737,662$357,238$2,156,657
68$3,783,315$704,872$300,269$2,283,387
69$4,098,107$668,303$239,221$2,422,050
70$4,442,766$627,703$173,888$2,573,911
71$4,820,271$582,803$104,056$2,740,376
72$5,233,898$533,320$29,501$2,922,994
73$5,687,257$478,954$0$3,123,481
74$6,184,322$419,388$0$3,352,815
75$6,729,473$354,288$0$3,610,313
76$7,327,531$283,299$0$3,892,981
77$7,983,808$206,050$0$4,203,430
78$8,704,154$122,144$0$4,544,541
79$9,495,015$31,167$0$4,919,493
80$10,363,489$0$0$5,331,798
81$11,317,398$0$0$5,812,000
82$12,365,355$0$0$6,353,212
83$13,516,851$0$0$6,948,002
84$14,782,342$0$0$7,601,784
85$16,173,347$0$0$8,320,522
86$17,702,556$0$0$9,110,786
87$19,383,948$0$0$9,979,817
88$21,232,928$0$0$10,935,591
89$23,266,467$0$0$11,986,896
90$25,503,261$0$0$13,143,413
91$27,963,913$0$0$14,415,812
92$30,671,119$0$0$15,815,846
93$33,649,889$0$0$17,356,467
94$36,927,779$0$0$19,051,944
95$40,535,150$0$0$20,918,002
96$44,505,456$0$0$22,971,964
97$48,875,559$0$0$25,232,920
98$53,686,074$0$0$27,721,905
99$58,981,756$0$0$30,462,096
100$64,811,918$0$0$33,479,033