Can I retire at age 48 with 890,000?

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 $890,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$73,495$72,841$72,202$71,579$70,970$68,836
2 years$36,384$35,706$35,050$34,413$33,795$31,663
3 years$24,015$23,334$22,679$22,049$21,441$19,378
4 years$17,832$17,153$16,505$15,885$15,292$13,314
5 years$14,123$13,448$12,808$12,201$11,625$9,736
6 years$11,651$10,982$10,351$9,757$9,198$7,402
7 years$9,886$9,222$8,602$8,022$7,481$5,776
8 years$8,563$7,905$7,295$6,729$6,206$4,591
9 years$7,534$6,883$6,283$5,732$5,226$3,701
10 years$6,712$6,067$5,478$4,941$4,453$3,014
11 years$6,040$5,401$4,823$4,300$3,830$2,475
12 years$5,480$4,848$4,280$3,772$3,319$2,046
13 years$5,006$4,381$3,824$3,330$2,894$1,699
14 years$4,601$3,982$3,436$2,956$2,537$1,418
15 years$4,250$3,638$3,102$2,636$2,234$1,187
16 years$3,943$3,338$2,812$2,360$1,974$996
17 years$3,673$3,074$2,559$2,121$1,750$838
18 years$3,432$2,840$2,336$1,911$1,556$707
19 years$3,218$2,632$2,139$1,727$1,387$597
20 years$3,025$2,446$1,963$1,564$1,239$505
21 years$2,851$2,278$1,805$1,420$1,109$427
22 years$2,692$2,127$1,664$1,291$994$362
23 years$2,548$1,989$1,536$1,175$892$307
24 years$2,416$1,864$1,421$1,072$802$260
25 years$2,295$1,749$1,316$979$722$221
26 years$2,183$1,644$1,221$895$650$188
27 years$2,079$1,547$1,133$819$586$160
28 years$1,984$1,458$1,054$751$529$136
29 years$1,895$1,375$980$688$477$115
30 years$1,812$1,299$913$632$431$98
31 years$1,734$1,228$851$580$390$83
32 years$1,662$1,162$794$533$353$71
33 years$1,594$1,100$742$490$319$60
34 years$1,530$1,043$693$451$289$51
35 years$1,470$989$648$415$262$44
36 years$1,414$939$606$383$237$37
37 years$1,360$892$567$352$215$32
38 years$1,310$847$531$325$195$27
39 years$1,262$806$498$300$177$23
40 years$1,217$767$467$276$160$20
41 years$1,174$730$437$255$145$17
42 years$1,133$695$410$235$132$14
43 years$1,094$662$385$217$120$12
44 years$1,057$631$361$201$109$10
45 years$1,022$602$339$185$99$9
46 years$989$574$319$171$90$7
47 years$957$548$299$158$81$6
48 years$926$523$281$146$74$5
49 years$897$499$265$135$67$5
50 years$869$477$249$125$61$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $890,000, adding $3,750 every year, while hoping to spend $43,087 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: 69/7/24 Blend
47$890,000$890,000$890,000$890,000
48$984,648$937,478$923,683$1,046,340
49$1,039,238$937,570$908,782$1,088,228
50$1,097,952$936,223$891,938$1,128,714
51$1,161,165$933,320$873,040$1,172,002
52$1,229,290$928,738$851,973$1,218,366
53$1,302,778$922,347$828,614$1,268,112
54$1,382,127$914,008$802,839$1,321,575
55$1,467,883$903,574$774,513$1,379,129
56$1,560,648$890,889$743,500$1,441,183
57$1,661,080$875,788$709,653$1,508,192
58$1,769,905$858,097$672,821$1,580,657
59$1,887,921$837,630$632,847$1,659,133
60$2,016,006$814,191$589,564$1,744,230
61$2,155,124$787,572$542,800$1,836,625
62$2,306,337$757,553$492,374$1,937,064
63$2,470,813$723,902$438,098$2,046,371
64$2,649,836$686,374$379,774$2,165,457
65$2,844,819$644,706$317,197$2,295,325
66$3,057,319$598,625$250,152$2,437,087
67$3,289,048$547,840$178,414$2,591,965
68$3,541,889$492,042$101,749$2,761,314
69$3,817,916$430,907$19,912$2,946,625
70$4,119,414$364,091$0$3,149,546
71$4,448,894$291,232$0$3,389,161
72$4,809,124$211,945$0$3,656,776
73$5,203,150$125,826$0$3,949,573
74$5,634,327$32,447$0$4,270,069
75$6,106,349$0$0$4,621,041
76$6,623,282$0$0$5,010,832
77$7,189,607$0$0$5,440,654
78$7,810,255$0$0$5,911,758
79$8,490,659$0$0$6,428,273
80$9,236,803$0$0$6,994,749
81$10,055,277$0$0$7,616,195
82$10,953,339$0$0$8,298,130
83$11,938,985$0$0$9,046,632
84$13,021,021$0$0$9,868,398
85$14,209,149$0$0$10,770,802
86$15,514,056$0$0$11,761,971
87$16,947,514$0$0$12,850,853
88$18,522,492$0$0$14,047,311
89$20,253,277$0$0$15,362,205
90$22,155,610$0$0$16,807,504
91$24,246,829$0$0$18,396,392
92$26,546,041$0$0$20,143,393
93$29,074,292$0$0$22,064,512
94$31,854,773$0$0$24,177,379
95$34,913,032$0$0$26,501,421
96$38,277,219$0$0$29,058,040
97$41,978,349$0$0$31,870,820
98$46,050,596$0$0$34,965,741
99$50,531,611$0$0$38,371,434
100$55,462,882$0$0$42,119,442