Can I retire at age 48 with 870,000?

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 $870,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$71,844$71,204$70,579$69,970$69,375$67,947
2 years$35,566$34,904$34,262$33,639$33,036$31,603
3 years$23,475$22,810$22,170$21,553$20,959$19,567
4 years$17,431$16,768$16,134$15,528$14,948$13,607
5 years$13,805$13,146$12,521$11,927$11,363$10,078
6 years$11,389$10,735$10,118$9,538$8,992$7,762
7 years$9,664$9,015$8,408$7,842$7,313$6,140
8 years$8,371$7,728$7,131$6,578$6,066$4,950
9 years$7,365$6,728$6,142$5,603$5,109$4,048
10 years$6,561$5,931$5,355$4,830$4,353$3,347
11 years$5,904$5,280$4,714$4,204$3,744$2,790
12 years$5,357$4,739$4,184$3,687$3,244$2,343
13 years$4,894$4,282$3,738$3,255$2,829$1,978
14 years$4,498$3,893$3,359$2,890$2,480$1,677
15 years$4,154$3,556$3,032$2,577$2,183$1,428
16 years$3,854$3,263$2,749$2,307$1,930$1,219
17 years$3,590$3,005$2,502$2,073$1,711$1,044
18 years$3,355$2,776$2,284$1,868$1,521$896
19 years$3,145$2,573$2,091$1,688$1,356$770
20 years$2,957$2,391$1,919$1,529$1,211$663
21 years$2,786$2,227$1,765$1,388$1,084$572
22 years$2,632$2,079$1,627$1,262$972$494
23 years$2,491$1,945$1,502$1,149$872$427
24 years$2,362$1,822$1,389$1,048$784$369
25 years$2,243$1,710$1,286$957$705$319
26 years$2,134$1,607$1,193$875$635$277
27 years$2,033$1,512$1,108$801$573$240
28 years$1,939$1,425$1,030$734$517$208
29 years$1,852$1,344$958$673$467$180
30 years$1,771$1,270$893$618$422$156
31 years$1,695$1,200$832$567$381$136
32 years$1,624$1,136$777$521$345$118
33 years$1,558$1,075$725$479$312$102
34 years$1,496$1,019$677$441$283$89
35 years$1,437$967$633$406$256$77
36 years$1,382$918$593$374$232$67
37 years$1,330$872$555$345$210$58
38 years$1,280$828$519$318$191$51
39 years$1,234$788$487$293$173$44
40 years$1,189$749$456$270$157$38
41 years$1,147$713$428$249$142$33
42 years$1,108$679$401$230$129$29
43 years$1,070$647$376$212$117$25
44 years$1,034$617$353$196$106$22
45 years$999$588$332$181$97$19
46 years$967$561$312$167$88$16
47 years$935$536$293$154$80$14
48 years$905$511$275$143$72$12
49 years$877$488$259$132$66$11
50 years$849$466$243$122$60$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $870,000, adding $4,429 every year, while hoping to spend $49,966 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: 84/11/5 Blend
47$870,000$870,000$870,000$870,000
48$963,309$917,199$903,714$1,043,827
49$1,008,403$908,978$880,824$1,088,792
50$1,056,422$898,680$855,494$1,130,901
51$1,107,611$886,149$827,588$1,175,558
52$1,162,240$871,223$796,964$1,222,987
53$1,220,603$853,728$763,478$1,273,434
54$1,283,024$833,480$726,973$1,327,169
55$1,349,856$810,284$687,290$1,384,488
56$1,421,487$783,934$644,260$1,445,719
57$1,498,344$754,212$597,709$1,511,222
58$1,580,895$720,888$547,451$1,581,394
59$1,669,651$683,717$493,296$1,656,672
60$1,765,178$642,441$435,043$1,737,537
61$1,868,092$596,787$372,484$1,824,521
62$1,979,074$546,466$305,399$1,918,207
63$2,098,870$491,173$233,560$2,019,239
64$2,228,300$430,586$156,729$2,128,328
65$2,368,265$364,363$74,658$2,246,256
66$2,519,756$292,145$0$2,373,885
67$2,683,862$213,551$0$2,512,855
68$2,861,780$128,179$0$2,667,819
69$3,054,827$35,605$0$2,835,961
70$3,264,451$0$0$3,018,568
71$3,492,244$0$0$3,224,883
72$3,739,959$0$0$3,453,942
73$4,009,523$0$0$3,703,218
74$4,303,058$0$0$3,974,675
75$4,622,897$0$0$4,270,474
76$4,971,609$0$0$4,592,990
77$5,352,020$0$0$4,944,842
78$5,767,242$0$0$5,328,909
79$6,220,701$0$0$5,748,360
80$6,716,166$0$0$6,206,687
81$7,257,789$0$0$6,707,731
82$7,850,140$0$0$7,255,722
83$8,498,250$0$0$7,855,318
84$9,207,660$0$0$8,511,647
85$9,984,471$0$0$9,230,358
86$10,835,403$0$0$10,017,668
87$11,767,853$0$0$10,880,427
88$12,789,972$0$0$11,826,177
89$13,910,734$0$0$12,863,227
90$15,140,023$0$0$14,000,725
91$16,488,727$0$0$15,248,749
92$17,968,838$0$0$16,618,400
93$19,593,565$0$0$18,121,906
94$21,377,460$0$0$19,772,735
95$23,336,551$0$0$21,585,723
96$25,488,494$0$0$23,577,216
97$27,852,742$0$0$25,765,218
98$30,450,722$0$0$28,169,565
99$33,306,042$0$0$30,812,108
100$36,444,708$0$0$33,716,922