Can I retire at age 48 with 880,000?

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 $880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$72,670$72,022$71,391$70,774$70,172$68,953
2 years$35,975$35,305$34,656$34,026$33,415$32,191
3 years$23,745$23,072$22,425$21,801$21,200$20,009
4 years$17,631$16,961$16,319$15,706$15,120$13,971
5 years$13,964$13,297$12,664$12,064$11,494$10,390
6 years$11,520$10,858$10,235$9,648$9,095$8,038
7 years$9,775$9,119$8,505$7,932$7,397$6,386
8 years$8,467$7,816$7,213$6,654$6,136$5,173
9 years$7,450$6,806$6,213$5,668$5,168$4,250
10 years$6,637$5,999$5,416$4,886$4,403$3,531
11 years$5,972$5,340$4,768$4,252$3,787$2,959
12 years$5,418$4,793$4,232$3,729$3,281$2,498
13 years$4,950$4,332$3,781$3,293$2,862$2,120
14 years$4,549$3,937$3,397$2,923$2,508$1,808
15 years$4,202$3,597$3,067$2,607$2,209$1,547
16 years$3,899$3,300$2,781$2,334$1,952$1,329
17 years$3,631$3,039$2,530$2,097$1,731$1,144
18 years$3,394$2,808$2,310$1,890$1,539$988
19 years$3,182$2,603$2,115$1,708$1,372$854
20 years$2,991$2,419$1,941$1,547$1,225$740
21 years$2,818$2,253$1,785$1,404$1,096$642
22 years$2,662$2,103$1,645$1,276$983$557
23 years$2,519$1,967$1,519$1,162$882$485
24 years$2,389$1,843$1,405$1,060$793$422
25 years$2,269$1,729$1,301$968$714$367
26 years$2,158$1,625$1,207$885$643$320
27 years$2,056$1,530$1,121$810$579$279
28 years$1,961$1,441$1,042$742$523$244
29 years$1,873$1,360$969$681$472$213
30 years$1,791$1,284$903$625$427$186
31 years$1,715$1,214$842$574$386$162
32 years$1,643$1,149$785$527$349$142
33 years$1,576$1,088$733$485$316$124
34 years$1,513$1,031$685$446$286$108
35 years$1,454$978$641$411$259$95
36 years$1,398$928$599$378$235$83
37 years$1,345$882$561$349$213$73
38 years$1,295$838$525$321$193$63
39 years$1,248$797$492$296$175$56
40 years$1,203$758$461$273$159$49
41 years$1,161$721$433$252$144$43
42 years$1,120$687$406$233$131$37
43 years$1,082$655$381$215$118$33
44 years$1,046$624$357$198$108$28
45 years$1,011$595$336$183$98$25
46 years$978$568$315$169$89$22
47 years$946$542$296$156$80$19
48 years$916$517$278$144$73$17
49 years$887$494$262$133$66$15
50 years$859$472$246$123$60$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $880,000, adding $2,747 every year, while hoping to spend $31,028 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: 45/31/24 Blend
47$880,000$880,000$880,000$880,000
48$972,594$925,954$912,314$1,009,514
49$1,038,785$938,312$909,862$1,048,227
50$1,110,687$950,235$906,289$1,086,947
51$1,188,851$961,671$901,524$1,128,319
52$1,273,881$972,560$895,492$1,172,607
53$1,366,443$982,842$888,117$1,220,102
54$1,467,269$992,450$879,318$1,271,124
55$1,577,165$1,001,314$869,010$1,326,031
56$1,697,017$1,009,360$857,103$1,385,216
57$1,827,803$1,016,509$843,506$1,449,114
58$1,970,596$1,022,674$828,120$1,518,206
59$2,126,579$1,027,768$810,844$1,593,024
60$2,297,054$1,031,692$791,572$1,674,157
61$2,483,455$1,034,347$770,191$1,762,254
62$2,687,360$1,035,622$746,585$1,858,034
63$2,910,506$1,035,404$720,632$1,962,292
64$3,154,809$1,033,570$692,204$2,075,905
65$3,422,374$1,029,989$661,167$2,199,842
66$3,715,524$1,024,526$627,383$2,335,176
67$4,036,812$1,017,032$590,706$2,483,091
68$4,389,054$1,007,355$550,982$2,644,893
69$4,775,351$995,328$508,053$2,822,028
70$5,199,116$980,778$461,752$3,016,091
71$5,664,110$963,521$411,905$3,228,844
72$6,174,477$943,361$358,331$3,462,232
73$6,734,778$920,090$300,840$3,718,405
74$7,350,042$893,491$239,234$3,999,735
75$8,025,804$863,329$173,306$4,308,841
76$8,768,164$829,361$102,841$4,648,614
77$9,583,843$791,326$27,612$5,022,247
78$10,480,243$748,949$0$5,433,263
79$11,465,519$701,939$0$5,899,038
80$12,548,657$649,989$0$6,418,801
81$13,739,555$592,773$0$6,990,274
82$15,049,119$529,948$0$7,618,755
83$16,489,364$461,151$0$8,310,083
84$18,073,530$385,998$0$9,070,698
85$19,816,201$304,083$0$9,907,699
86$21,733,448$214,978$0$10,828,918
87$23,842,979$118,231$0$11,842,987
88$26,164,303$13,364$0$12,959,425
89$28,718,915$0$0$14,188,728
90$31,530,503$0$0$15,576,623
91$34,625,163$0$0$17,109,395
92$38,031,654$0$0$18,796,745
93$41,781,660$0$0$20,654,384
94$45,910,096$0$0$22,699,623
95$50,455,434$0$0$24,951,540
96$55,460,065$0$0$27,431,153
97$60,970,702$0$0$30,161,626
98$67,038,815$0$0$33,168,480
99$73,721,122$0$0$36,479,840
100$81,080,122$0$0$40,126,697