Can I retire at age 48 with 860,000?

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 $860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$71,018$70,385$69,768$69,166$68,578$67,777
2 years$35,157$34,503$33,868$33,253$32,656$31,850
3 years$23,205$22,548$21,915$21,305$20,718$19,932
4 years$17,231$16,575$15,948$15,349$14,776$14,016
5 years$13,647$12,995$12,377$11,790$11,233$10,501
6 years$11,258$10,611$10,002$9,428$8,888$8,185
7 years$9,553$8,911$8,312$7,752$7,228$6,554
8 years$8,274$7,639$7,049$6,503$5,997$5,352
9 years$7,280$6,651$6,071$5,539$5,050$4,434
10 years$6,486$5,862$5,293$4,774$4,303$3,715
11 years$5,836$5,219$4,660$4,155$3,701$3,141
12 years$5,295$4,684$4,136$3,645$3,207$2,675
13 years$4,838$4,233$3,695$3,218$2,796$2,291
14 years$4,446$3,848$3,320$2,856$2,451$1,972
15 years$4,107$3,515$2,997$2,547$2,158$1,704
16 years$3,810$3,225$2,718$2,281$1,908$1,478
17 years$3,549$2,970$2,473$2,049$1,691$1,285
18 years$3,317$2,745$2,257$1,847$1,504$1,121
19 years$3,109$2,544$2,067$1,669$1,340$979
20 years$2,923$2,364$1,897$1,511$1,197$857
21 years$2,754$2,202$1,745$1,372$1,071$751
22 years$2,601$2,055$1,608$1,247$960$660
23 years$2,462$1,922$1,485$1,136$862$580
24 years$2,334$1,801$1,373$1,036$775$510
25 years$2,217$1,690$1,272$946$697$449
26 years$2,109$1,588$1,179$865$628$396
27 years$2,009$1,495$1,095$792$566$349
28 years$1,917$1,409$1,018$725$511$308
29 years$1,831$1,329$947$665$461$272
30 years$1,751$1,255$882$611$417$240
31 years$1,676$1,186$823$561$377$212
32 years$1,606$1,123$768$515$341$188
33 years$1,540$1,063$717$474$309$166
34 years$1,479$1,008$670$436$279$147
35 years$1,421$956$626$401$253$130
36 years$1,366$907$586$370$229$115
37 years$1,314$861$548$341$208$102
38 years$1,266$819$513$314$188$90
39 years$1,219$779$481$289$171$80
40 years$1,176$741$451$267$155$71
41 years$1,134$705$423$246$141$63
42 years$1,095$671$397$227$128$55
43 years$1,057$640$372$210$116$49
44 years$1,022$610$349$194$105$44
45 years$988$582$328$179$95$39
46 years$955$555$308$165$87$34
47 years$925$529$289$153$79$30
48 years$895$505$272$141$71$27
49 years$867$483$256$130$65$24
50 years$840$461$240$121$59$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $860,000, adding $6,520 every year, while hoping to spend $54,758 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: 71/5/24 Blend
47$860,000$860,000$860,000$860,000
48$954,445$908,865$895,535$1,016,018
49$993,537$895,138$867,274$1,044,262
50$1,034,780$878,902$836,230$1,068,132
51$1,078,337$859,978$802,253$1,092,949
52$1,124,385$838,174$765,186$1,118,801
53$1,173,114$813,287$724,862$1,145,788
54$1,224,737$785,103$681,110$1,174,021
55$1,279,482$753,395$633,749$1,203,622
56$1,337,601$717,923$582,591$1,234,728
57$1,399,367$678,432$527,439$1,267,493
58$1,465,082$634,654$468,087$1,302,087
59$1,535,073$586,305$404,321$1,338,698
60$1,609,701$533,084$335,916$1,377,537
61$1,689,359$474,674$262,638$1,418,838
62$1,774,480$410,739$184,242$1,462,860
63$1,865,536$340,925$100,474$1,509,893
64$1,963,047$264,857$11,066$1,560,256
65$2,067,582$182,139$0$1,614,305
66$2,179,765$92,353$0$1,694,035
67$2,300,281$0$0$1,782,713
68$2,429,882$0$0$1,878,337
69$2,569,395$0$0$1,986,774
70$2,719,725$0$0$2,103,653
71$2,881,869$0$0$2,229,752
72$3,056,921$0$0$2,365,926
73$3,246,082$0$0$2,513,115
74$3,450,675$0$0$2,672,352
75$3,672,151$0$0$2,844,772
76$3,912,107$0$0$3,031,624
77$4,172,299$0$0$3,234,281
78$4,454,657$0$0$3,454,251
79$4,761,304$0$0$3,693,197
80$5,094,575$0$0$3,952,942
81$5,457,040$0$0$4,235,498
82$5,851,526$0$0$4,543,074
83$6,281,141$0$0$4,878,103
84$6,749,310$0$0$5,243,261
85$7,259,798$0$0$5,641,494
86$7,816,750$0$0$6,076,045
87$8,424,729$0$0$6,550,483
88$9,088,759$0$0$7,068,735
89$9,814,368$0$0$7,635,128
90$10,607,644$0$0$8,254,422
91$11,475,288$0$0$8,931,860
92$12,424,680$0$0$9,673,214
93$13,463,947$0$0$10,484,842
94$14,602,034$0$0$11,373,741
95$15,848,797$0$0$12,347,621
96$17,215,087$0$0$13,414,970
97$18,712,853$0$0$14,585,138
98$20,355,260$0$0$15,868,420
99$22,156,803$0$0$17,276,158
100$24,133,452$0$0$18,820,845