Can I retire at age 48 with 860,000?

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 $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%15.2%
1 years$71,018$70,385$69,768$69,166$68,578$67,111
2 years$35,157$34,503$33,868$33,253$32,656$31,185
3 years$23,205$22,548$21,915$21,305$20,718$19,290
4 years$17,231$16,575$15,948$15,349$14,776$13,401
5 years$13,647$12,995$12,377$11,790$11,233$9,914
6 years$11,258$10,611$10,002$9,428$8,888$7,628
7 years$9,553$8,911$8,312$7,752$7,228$6,027
8 years$8,274$7,639$7,049$6,503$5,997$4,853
9 years$7,280$6,651$6,071$5,539$5,050$3,964
10 years$6,486$5,862$5,293$4,774$4,303$3,273
11 years$5,836$5,219$4,660$4,155$3,701$2,726
12 years$5,295$4,684$4,136$3,645$3,207$2,286
13 years$4,838$4,233$3,695$3,218$2,796$1,927
14 years$4,446$3,848$3,320$2,856$2,451$1,632
15 years$4,107$3,515$2,997$2,547$2,158$1,388
16 years$3,810$3,225$2,718$2,281$1,908$1,183
17 years$3,549$2,970$2,473$2,049$1,691$1,012
18 years$3,317$2,745$2,257$1,847$1,504$867
19 years$3,109$2,544$2,067$1,669$1,340$744
20 years$2,923$2,364$1,897$1,511$1,197$640
21 years$2,754$2,202$1,745$1,372$1,071$551
22 years$2,601$2,055$1,608$1,247$960$475
23 years$2,462$1,922$1,485$1,136$862$410
24 years$2,334$1,801$1,373$1,036$775$354
25 years$2,217$1,690$1,272$946$697$306
26 years$2,109$1,588$1,179$865$628$264
27 years$2,009$1,495$1,095$792$566$229
28 years$1,917$1,409$1,018$725$511$198
29 years$1,831$1,329$947$665$461$171
30 years$1,751$1,255$882$611$417$148
31 years$1,676$1,186$823$561$377$129
32 years$1,606$1,123$768$515$341$111
33 years$1,540$1,063$717$474$309$97
34 years$1,479$1,008$670$436$279$84
35 years$1,421$956$626$401$253$73
36 years$1,366$907$586$370$229$63
37 years$1,314$861$548$341$208$55
38 years$1,266$819$513$314$188$47
39 years$1,219$779$481$289$171$41
40 years$1,176$741$451$267$155$36
41 years$1,134$705$423$246$141$31
42 years$1,095$671$397$227$128$27
43 years$1,057$640$372$210$116$23
44 years$1,022$610$349$194$105$20
45 years$988$582$328$179$95$18
46 years$955$555$308$165$87$15
47 years$925$529$289$153$79$13
48 years$895$505$272$141$71$11
49 years$867$483$256$130$65$10
50 years$840$461$240$121$59$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $860,000, adding $5,565 every year, while hoping to spend $20,522 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: 63/29/8 Blend
47$860,000$860,000$860,000$860,000
48$953,460$907,880$894,550$1,011,631
49$1,028,878$930,531$902,682$1,073,791
50$1,111,300$953,604$910,399$1,138,727
51$1,201,421$977,098$917,665$1,209,099
52$1,300,001$1,001,012$924,443$1,285,434
53$1,407,882$1,025,342$930,692$1,368,311
54$1,525,988$1,050,086$936,372$1,458,368
55$1,655,338$1,075,239$941,440$1,556,306
56$1,797,053$1,100,796$945,849$1,662,899
57$1,952,368$1,126,751$949,550$1,779,000
58$2,122,644$1,153,096$952,495$1,905,545
59$2,309,379$1,179,823$954,628$2,043,568
60$2,514,222$1,206,921$955,895$2,194,207
61$2,738,993$1,234,380$956,238$2,358,717
62$2,985,692$1,262,187$955,593$2,538,477
63$3,256,525$1,290,326$953,898$2,735,009
64$3,553,921$1,318,783$951,084$2,949,989
65$3,880,556$1,347,539$947,081$3,185,265
66$4,239,379$1,376,574$941,814$3,442,870
67$4,633,636$1,405,866$935,205$3,725,046
68$5,066,905$1,435,392$927,173$4,034,263
69$5,543,128$1,465,125$917,632$4,373,242
70$6,066,646$1,495,035$906,492$4,744,982
71$6,642,244$1,525,092$893,660$5,152,786
72$7,275,193$1,555,261$879,037$5,600,296
73$7,971,298$1,585,505$862,520$6,091,523
74$8,736,959$1,615,783$844,002$6,630,888
75$9,579,223$1,646,050$823,371$7,223,261
76$10,505,857$1,676,261$800,508$7,874,012
77$11,525,420$1,706,362$775,290$8,589,054
78$12,647,338$1,736,300$747,588$9,374,907
79$13,882,002$1,766,014$717,267$10,238,754
80$15,240,857$1,795,439$684,186$11,188,511
81$16,736,517$1,824,508$648,199$12,232,901
82$18,382,878$1,853,145$609,150$13,381,538
83$20,195,254$1,881,272$566,879$14,645,015
84$22,190,518$1,908,802$521,217$16,035,006
85$24,387,262$1,935,645$471,990$17,564,379
86$26,805,974$1,961,703$419,012$19,247,311
87$29,469,227$1,986,870$362,093$21,099,427
88$32,401,897$2,011,036$301,032$23,137,947
89$35,631,394$2,034,080$235,620$25,381,847
90$39,187,922$2,055,875$165,639$27,852,039
91$43,104,762$2,076,285$90,860$30,571,570
92$47,418,590$2,095,165$11,046$33,565,837
93$52,169,818$2,112,360$0$36,862,832
94$57,402,979$2,127,705$0$40,499,726
95$63,167,145$2,141,025$0$44,505,604
96$69,516,392$2,152,133$0$48,917,007
97$76,510,307$2,160,831$0$53,775,244
98$84,214,554$2,166,907$0$59,125,838
99$92,701,490$2,170,137$0$65,018,956
100$102,050,850$2,170,283$0$71,509,883