Can I retire at age 48 with 850,000?

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 $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%20%
1 years$70,192$69,567$68,957$68,362$67,780$65,065
2 years$34,749$34,101$33,474$32,866$32,276$29,575
3 years$22,936$22,286$21,660$21,058$20,477$17,875
4 years$17,030$16,382$15,763$15,171$14,605$12,121
5 years$13,488$12,844$12,233$11,653$11,102$8,743
6 years$11,127$10,488$9,886$9,319$8,785$6,552
7 years$9,442$8,808$8,215$7,661$7,144$5,038
8 years$8,178$7,550$6,967$6,427$5,927$3,944
9 years$7,196$6,574$6,001$5,474$4,991$3,128
10 years$6,410$5,794$5,232$4,719$4,253$2,506
11 years$5,768$5,158$4,606$4,107$3,658$2,024
12 years$5,234$4,630$4,088$3,602$3,170$1,644
13 years$4,781$4,184$3,652$3,180$2,764$1,342
14 years$4,394$3,803$3,281$2,823$2,423$1,099
15 years$4,059$3,474$2,963$2,518$2,133$903
16 years$3,766$3,188$2,686$2,254$1,885$744
17 years$3,507$2,936$2,444$2,026$1,672$614
18 years$3,278$2,713$2,231$1,825$1,486$508
19 years$3,073$2,514$2,043$1,649$1,325$420
20 years$2,889$2,336$1,875$1,494$1,183$349
21 years$2,722$2,176$1,724$1,356$1,059$289
22 years$2,571$2,031$1,589$1,233$949$240
23 years$2,433$1,900$1,467$1,123$852$199
24 years$2,307$1,780$1,357$1,024$766$166
25 years$2,191$1,670$1,257$935$689$138
26 years$2,085$1,570$1,166$855$621$115
27 years$1,986$1,478$1,082$783$560$95
28 years$1,894$1,392$1,006$717$505$79
29 years$1,809$1,313$936$658$456$66
30 years$1,730$1,240$872$603$412$55
31 years$1,656$1,173$813$554$373$46
32 years$1,587$1,109$759$509$337$38
33 years$1,522$1,051$708$468$305$32
34 years$1,461$996$662$431$276$26
35 years$1,404$945$619$397$250$22
36 years$1,350$897$579$365$227$18
37 years$1,299$851$542$337$205$15
38 years$1,251$809$507$310$186$13
39 years$1,205$769$475$286$169$11
40 years$1,162$732$446$264$153$9
41 years$1,121$697$418$243$139$7
42 years$1,082$664$392$225$126$6
43 years$1,045$632$368$207$114$5
44 years$1,010$603$345$192$104$4
45 years$976$575$324$177$94$4
46 years$944$548$304$163$86$3
47 years$914$523$286$151$78$2
48 years$885$500$269$139$71$2
49 years$857$477$253$129$64$2
50 years$830$456$238$119$58$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $850,000, adding $6,515 every year, while hoping to spend $34,675 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: 40/34/26 Blend
47$850,000$850,000$850,000$850,000
48$943,420$898,370$885,195$973,688
49$1,002,755$905,496$877,955$1,003,325
50$1,066,980$911,810$869,311$1,031,642
51$1,136,557$917,233$859,178$1,061,602
52$1,211,995$921,687$847,469$1,093,379
53$1,293,851$925,082$834,092$1,127,162
54$1,382,742$927,329$818,952$1,163,165
55$1,479,342$928,328$801,947$1,201,623
56$1,584,395$927,977$782,973$1,242,799
57$1,698,720$926,164$761,919$1,286,985
58$1,823,216$922,774$738,670$1,334,506
59$1,958,875$917,680$713,107$1,385,720
60$2,106,787$910,753$685,102$1,441,028
61$2,268,150$901,851$654,524$1,500,874
62$2,444,287$890,827$621,236$1,565,750
63$2,636,650$877,524$585,093$1,636,202
64$2,846,840$861,774$545,946$1,712,836
65$3,076,620$843,403$503,637$1,796,324
66$3,327,927$822,222$458,001$1,887,410
67$3,602,899$798,034$408,868$1,986,918
68$3,903,888$770,630$356,057$2,095,764
69$4,233,482$739,789$299,383$2,214,958
70$4,594,534$705,275$238,649$2,345,623
71$4,990,183$666,841$173,651$2,489,000
72$5,423,890$624,225$104,176$2,646,462
73$5,899,464$577,148$30,003$2,819,530
74$6,421,099$525,319$0$3,009,887
75$6,993,418$468,426$0$3,233,031
76$7,621,511$406,143$0$3,487,153
77$8,310,984$338,122$0$3,766,269
78$9,068,013$264,000$0$4,072,970
79$9,899,403$183,388$0$4,410,117
80$10,812,648$95,880$0$4,780,868
81$11,816,004$1,044$0$5,188,708
82$12,918,568$0$0$5,637,483
83$14,130,359$0$0$6,169,441
84$15,462,416$0$0$6,754,747
85$16,926,902$0$0$7,398,368
86$18,537,217$0$0$8,106,210
87$20,308,122$0$0$8,884,777
88$22,255,883$0$0$9,741,239
89$24,398,421$0$0$10,683,491
90$26,755,479$0$0$11,720,235
91$29,348,812$0$0$12,861,058
92$32,202,389$0$0$14,116,524
93$35,342,621$0$0$15,498,273
94$38,798,609$0$0$17,019,128
95$42,602,414$0$0$18,693,222
96$46,789,368$0$0$20,536,124
97$51,398,398$0$0$22,564,993
98$56,472,400$0$0$24,798,733
99$62,058,638$0$0$27,258,177
100$68,209,193$0$0$29,966,277