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%13.9%
1 years$71,018$70,385$69,768$69,166$68,578$67,469
2 years$35,157$34,503$33,868$33,253$32,656$31,542
3 years$23,205$22,548$21,915$21,305$20,718$19,634
4 years$17,231$16,575$15,948$15,349$14,776$13,730
5 years$13,647$12,995$12,377$11,790$11,233$10,227
6 years$11,258$10,611$10,002$9,428$8,888$7,925
7 years$9,553$8,911$8,312$7,752$7,228$6,307
8 years$8,274$7,639$7,049$6,503$5,997$5,117
9 years$7,280$6,651$6,071$5,539$5,050$4,212
10 years$6,486$5,862$5,293$4,774$4,303$3,506
11 years$5,836$5,219$4,660$4,155$3,701$2,944
12 years$5,295$4,684$4,136$3,645$3,207$2,489
13 years$4,838$4,233$3,695$3,218$2,796$2,117
14 years$4,446$3,848$3,320$2,856$2,451$1,809
15 years$4,107$3,515$2,997$2,547$2,158$1,552
16 years$3,810$3,225$2,718$2,281$1,908$1,335
17 years$3,549$2,970$2,473$2,049$1,691$1,152
18 years$3,317$2,745$2,257$1,847$1,504$997
19 years$3,109$2,544$2,067$1,669$1,340$864
20 years$2,923$2,364$1,897$1,511$1,197$750
21 years$2,754$2,202$1,745$1,372$1,071$652
22 years$2,601$2,055$1,608$1,247$960$568
23 years$2,462$1,922$1,485$1,136$862$495
24 years$2,334$1,801$1,373$1,036$775$432
25 years$2,217$1,690$1,272$946$697$377
26 years$2,109$1,588$1,179$865$628$329
27 years$2,009$1,495$1,095$792$566$288
28 years$1,917$1,409$1,018$725$511$252
29 years$1,831$1,329$947$665$461$220
30 years$1,751$1,255$882$611$417$193
31 years$1,676$1,186$823$561$377$169
32 years$1,606$1,123$768$515$341$148
33 years$1,540$1,063$717$474$309$130
34 years$1,479$1,008$670$436$279$114
35 years$1,421$956$626$401$253$100
36 years$1,366$907$586$370$229$87
37 years$1,314$861$548$341$208$77
38 years$1,266$819$513$314$188$67
39 years$1,219$779$481$289$171$59
40 years$1,176$741$451$267$155$52
41 years$1,134$705$423$246$141$45
42 years$1,095$671$397$227$128$40
43 years$1,057$640$372$210$116$35
44 years$1,022$610$349$194$105$31
45 years$988$582$328$179$95$27
46 years$955$555$308$165$87$24
47 years$925$529$289$153$79$21
48 years$895$505$272$141$71$18
49 years$867$483$256$130$65$16
50 years$840$461$240$121$59$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $860,000, adding $6,014 every year, while hoping to spend $57,913 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: 51/42/7 Blend
47$860,000$860,000$860,000$860,000
48$953,923$908,343$895,013$1,000,607
49$989,605$891,233$863,377$1,015,916
50$1,026,984$871,344$828,741$1,025,801
51$1,066,175$848,477$790,941$1,035,168
52$1,107,297$822,426$749,810$1,043,981
53$1,150,484$792,967$705,172$1,052,204
54$1,195,878$759,867$656,840$1,059,802
55$1,243,636$722,879$604,622$1,066,739
56$1,293,928$681,741$548,318$1,072,980
57$1,346,937$636,175$487,715$1,078,494
58$1,402,866$585,889$422,595$1,083,247
59$1,461,934$530,573$352,727$1,087,211
60$1,524,379$469,899$277,872$1,090,358
61$1,590,465$403,523$197,779$1,092,665
62$1,660,474$331,078$112,187$1,094,113
63$1,734,720$252,178$20,823$1,094,687
64$1,813,542$166,415$0$1,094,378
65$1,897,314$73,360$0$1,098,913
66$1,986,442$0$0$1,104,601
67$2,081,373$0$0$1,122,609
68$2,182,594$0$0$1,178,012
69$2,290,642$0$0$1,237,204
70$2,406,100$0$0$1,300,513
71$2,529,613$0$0$1,368,299
72$2,661,884$0$0$1,440,956
73$2,803,685$0$0$1,518,917
74$2,955,865$0$0$1,602,655
75$3,119,352$0$0$1,692,692
76$3,295,167$0$0$1,789,599
77$3,484,431$0$0$1,894,006
78$3,688,374$0$0$2,006,600
79$3,908,349$0$0$2,128,140
80$4,145,839$0$0$2,259,459
81$4,402,477$0$0$2,401,471
82$4,680,055$0$0$2,555,182
83$4,980,545$0$0$2,721,698
84$5,306,113$0$0$2,902,233
85$5,659,142$0$0$3,098,126
86$6,042,252$0$0$3,310,845
87$6,458,324$0$0$3,542,007
88$6,910,528$0$0$3,793,393
89$7,402,351$0$0$4,066,957
90$7,937,629$0$0$4,364,855
91$8,520,582$0$0$4,689,454
92$9,155,856$0$0$5,043,363
93$9,848,563$0$0$5,429,452
94$10,604,328$0$0$5,850,880
95$11,429,344$0$0$6,311,123
96$12,330,428$0$0$6,814,010
97$13,315,085$0$0$7,363,755
98$14,391,575$0$0$7,964,997
99$15,568,996$0$0$8,622,845
100$16,857,362$0$0$9,342,924