Can I retire at age 48 with 900,000?

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 $900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$74,321$73,659$73,013$72,383$71,767$69,919
2 years$36,793$36,107$35,443$34,799$34,175$32,325
3 years$24,285$23,597$22,934$22,296$21,682$19,888
4 years$18,032$17,346$16,690$16,063$15,464$13,740
5 years$14,281$13,599$12,952$12,338$11,755$10,107
6 years$11,782$11,105$10,467$9,867$9,302$7,730
7 years$9,997$9,326$8,698$8,112$7,565$6,069
8 years$8,659$7,994$7,377$6,805$6,276$4,856
9 years$7,619$6,960$6,354$5,796$5,285$3,940
10 years$6,787$6,135$5,539$4,997$4,503$3,231
11 years$6,108$5,462$4,877$4,348$3,873$2,672
12 years$5,541$4,902$4,328$3,814$3,356$2,225
13 years$5,063$4,430$3,867$3,367$2,927$1,862
14 years$4,653$4,027$3,474$2,989$2,565$1,565
15 years$4,298$3,679$3,137$2,666$2,259$1,320
16 years$3,987$3,375$2,844$2,387$1,996$1,117
17 years$3,714$3,108$2,588$2,145$1,770$948
18 years$3,471$2,872$2,362$1,933$1,574$805
19 years$3,254$2,662$2,163$1,746$1,403$686
20 years$3,059$2,474$1,985$1,582$1,253$585
21 years$2,883$2,304$1,826$1,436$1,121$499
22 years$2,722$2,151$1,683$1,305$1,005$427
23 years$2,577$2,012$1,554$1,189$902$365
24 years$2,443$1,885$1,437$1,084$811$312
25 years$2,320$1,769$1,331$990$730$268
26 years$2,207$1,662$1,234$905$657$229
27 years$2,103$1,564$1,146$829$593$197
28 years$2,006$1,474$1,065$759$535$169
29 years$1,916$1,391$991$696$483$145
30 years$1,832$1,313$924$639$436$124
31 years$1,754$1,242$861$587$394$107
32 years$1,680$1,175$803$539$357$92
33 years$1,612$1,113$750$496$323$79
34 years$1,547$1,054$701$456$292$68
35 years$1,487$1,000$655$420$265$58
36 years$1,429$949$613$387$240$50
37 years$1,375$902$574$356$217$43
38 years$1,324$857$537$329$197$37
39 years$1,276$815$503$303$179$32
40 years$1,230$775$472$279$162$27
41 years$1,187$738$442$258$147$23
42 years$1,146$703$415$238$133$20
43 years$1,107$670$389$220$121$17
44 years$1,069$638$366$203$110$15
45 years$1,034$609$343$187$100$13
46 years$1,000$581$322$173$91$11
47 years$968$554$303$160$82$9
48 years$937$529$285$148$75$8
49 years$907$505$267$136$68$7
50 years$879$482$251$126$62$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $900,000, adding $5,901 every year, while hoping to spend $27,522 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: 66/27/7 Blend
47$900,000$900,000$900,000$900,000
48$997,887$950,187$936,237$1,062,132
49$1,070,388$967,463$938,318$1,122,839
50$1,149,362$984,663$939,546$1,185,315
51$1,235,440$1,001,754$939,863$1,252,864
52$1,329,316$1,018,702$939,210$1,325,977
53$1,431,756$1,035,467$937,523$1,405,193
54$1,543,600$1,052,010$934,735$1,491,110
55$1,665,774$1,068,286$930,776$1,584,383
56$1,799,300$1,084,249$925,574$1,685,735
57$1,945,299$1,099,847$919,051$1,795,965
58$2,105,008$1,115,028$911,127$1,915,948
59$2,279,788$1,129,734$901,719$2,046,655
60$2,471,137$1,143,902$890,738$2,189,150
61$2,680,707$1,157,467$878,091$2,344,608
62$2,910,314$1,170,358$863,683$2,514,326
63$3,161,961$1,182,500$847,411$2,699,731
64$3,437,852$1,193,814$829,170$2,902,394
65$3,740,415$1,204,213$808,849$3,124,051
66$4,072,325$1,213,606$786,333$3,366,613
67$4,436,526$1,221,897$761,499$3,632,185
68$4,836,264$1,228,982$734,222$3,923,089
69$5,275,112$1,234,752$704,367$4,241,884
70$5,757,008$1,239,089$671,798$4,591,391
71$6,286,288$1,241,869$636,368$4,974,718
72$6,867,729$1,242,960$597,926$5,395,291
73$7,506,595$1,242,223$556,314$5,856,888
74$8,208,683$1,239,508$511,367$6,363,671
75$8,980,382$1,234,656$462,910$6,920,229
76$9,828,728$1,227,501$410,765$7,531,620
77$10,761,474$1,217,865$354,741$8,203,419
78$11,787,161$1,205,558$294,643$8,941,771
79$12,915,202$1,190,380$230,263$9,753,450
80$14,155,964$1,172,120$161,388$10,645,920
81$15,520,871$1,150,553$87,794$11,627,411
82$17,022,510$1,125,440$9,245$12,706,995
83$18,674,750$1,096,530$0$13,894,667
84$20,492,870$1,063,556$0$15,207,019
85$22,493,707$1,026,234$0$16,651,727
86$24,695,812$984,267$0$18,241,505
87$27,119,626$937,337$0$19,991,132
88$29,787,671$885,110$0$21,916,894
89$32,724,765$827,232$0$24,036,741
90$35,958,254$763,329$0$26,370,457
91$39,518,268$693,005$0$28,939,843
92$43,438,011$615,841$0$31,768,931
93$47,754,067$531,396$0$34,884,204
94$52,506,750$439,203$0$38,314,852
95$57,740,482$338,768$0$42,093,043
96$63,504,214$229,570$0$46,254,233
97$69,851,883$111,058$0$50,837,496
98$76,842,928$0$0$55,885,897
99$84,542,843$0$0$61,452,053
100$93,023,800$0$0$67,619,237