Can I retire at age 48 with 870,000?

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 $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%12.8%
1 years$71,844$71,204$70,579$69,970$69,375$68,565
2 years$35,566$34,904$34,262$33,639$33,036$32,220
3 years$23,475$22,810$22,170$21,553$20,959$20,164
4 years$17,431$16,768$16,134$15,528$14,948$14,179
5 years$13,805$13,146$12,521$11,927$11,363$10,623
6 years$11,389$10,735$10,118$9,538$8,992$8,280
7 years$9,664$9,015$8,408$7,842$7,313$6,631
8 years$8,371$7,728$7,131$6,578$6,066$5,414
9 years$7,365$6,728$6,142$5,603$5,109$4,486
10 years$6,561$5,931$5,355$4,830$4,353$3,759
11 years$5,904$5,280$4,714$4,204$3,744$3,178
12 years$5,357$4,739$4,184$3,687$3,244$2,706
13 years$4,894$4,282$3,738$3,255$2,829$2,318
14 years$4,498$3,893$3,359$2,890$2,480$1,995
15 years$4,154$3,556$3,032$2,577$2,183$1,724
16 years$3,854$3,263$2,749$2,307$1,930$1,495
17 years$3,590$3,005$2,502$2,073$1,711$1,300
18 years$3,355$2,776$2,284$1,868$1,521$1,134
19 years$3,145$2,573$2,091$1,688$1,356$991
20 years$2,957$2,391$1,919$1,529$1,211$867
21 years$2,786$2,227$1,765$1,388$1,084$760
22 years$2,632$2,079$1,627$1,262$972$667
23 years$2,491$1,945$1,502$1,149$872$587
24 years$2,362$1,822$1,389$1,048$784$516
25 years$2,243$1,710$1,286$957$705$454
26 years$2,134$1,607$1,193$875$635$401
27 years$2,033$1,512$1,108$801$573$353
28 years$1,939$1,425$1,030$734$517$312
29 years$1,852$1,344$958$673$467$275
30 years$1,771$1,270$893$618$422$243
31 years$1,695$1,200$832$567$381$215
32 years$1,624$1,136$777$521$345$190
33 years$1,558$1,075$725$479$312$168
34 years$1,496$1,019$677$441$283$149
35 years$1,437$967$633$406$256$132
36 years$1,382$918$593$374$232$116
37 years$1,330$872$555$345$210$103
38 years$1,280$828$519$318$191$91
39 years$1,234$788$487$293$173$81
40 years$1,189$749$456$270$157$72
41 years$1,147$713$428$249$142$63
42 years$1,108$679$401$230$129$56
43 years$1,070$647$376$212$117$50
44 years$1,034$617$353$196$106$44
45 years$999$588$332$181$97$39
46 years$967$561$312$167$88$35
47 years$935$536$293$154$80$31
48 years$905$511$275$143$72$27
49 years$877$488$259$132$66$24
50 years$849$466$243$122$60$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $870,000, adding $4,596 every year, while hoping to spend $27,492 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: 36/50/14 Blend
47$870,000$870,000$870,000$870,000
48$963,481$917,371$903,886$993,864
49$1,032,505$933,071$904,915$1,031,871
50$1,107,647$948,618$905,057$1,069,918
51$1,189,504$963,978$904,253$1,110,394
52$1,278,730$979,109$902,442$1,153,531
53$1,376,046$993,971$899,559$1,199,582
54$1,482,245$1,008,517$895,536$1,248,830
55$1,598,200$1,022,701$890,303$1,301,585
56$1,724,872$1,036,469$883,784$1,358,190
57$1,863,321$1,049,768$875,902$1,419,025
58$2,014,710$1,062,537$866,576$1,484,510
59$2,180,323$1,074,714$855,719$1,555,108
60$2,361,572$1,086,231$843,241$1,631,331
61$2,560,012$1,097,016$829,050$1,713,745
62$2,777,357$1,106,993$813,046$1,802,976
63$3,015,491$1,116,080$795,127$1,899,713
64$3,276,493$1,124,189$775,186$2,004,719
65$3,562,650$1,131,229$753,109$2,118,838
66$3,876,481$1,137,101$728,779$2,243,000
67$4,220,762$1,141,698$702,073$2,378,234
68$4,598,550$1,144,911$672,862$2,525,675
69$5,013,210$1,146,621$641,012$2,686,576
70$5,468,453$1,146,700$606,381$2,862,324
71$5,968,364$1,145,017$568,823$3,054,448
72$6,517,442$1,141,428$528,184$3,264,636
73$7,120,646$1,135,783$484,303$3,494,753
74$7,783,436$1,127,921$437,012$3,746,857
75$8,511,831$1,117,673$386,136$4,023,222
76$9,312,459$1,104,860$331,492$4,326,356
77$10,192,622$1,089,290$272,889$4,659,028
78$11,160,365$1,070,761$210,127$5,024,297
79$12,224,553$1,049,060$142,997$5,425,535
80$13,394,953$1,023,959$71,283$5,866,468
81$14,682,323$995,217$0$6,351,205
82$16,098,519$962,582$0$6,885,066
83$17,656,602$925,784$0$7,483,686
84$19,370,966$884,537$0$8,141,966
85$21,257,466$838,541$0$8,866,039
86$23,333,575$787,477$0$9,662,668
87$25,618,545$731,009$0$10,539,315
88$28,133,587$668,779$0$11,504,207
89$30,902,075$600,411$0$12,566,419
90$33,949,763$525,507$0$13,735,960
91$37,305,029$443,647$0$15,023,866
92$40,999,142$354,386$0$16,442,311
93$45,066,558$257,255$0$18,004,715
94$49,545,244$151,757$0$19,725,882
95$54,477,036$37,371$0$21,622,133
96$59,908,034$0$0$23,711,468
97$65,889,034$0$0$26,061,301
98$72,476,014$0$0$28,672,025
99$79,730,654$0$0$31,547,545
100$87,720,923$0$0$34,714,823