Can I retire at age 48 with 900,000?

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 $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%11.6%
1 years$74,321$73,659$73,013$72,383$71,767$71,285
2 years$36,793$36,107$35,443$34,799$34,175$33,689
3 years$24,285$23,597$22,934$22,296$21,682$21,207
4 years$18,032$17,346$16,690$16,063$15,464$15,003
5 years$14,281$13,599$12,952$12,338$11,755$11,311
6 years$11,782$11,105$10,467$9,867$9,302$8,873
7 years$9,997$9,326$8,698$8,112$7,565$7,153
8 years$8,659$7,994$7,377$6,805$6,276$5,881
9 years$7,619$6,960$6,354$5,796$5,285$4,907
10 years$6,787$6,135$5,539$4,997$4,503$4,141
11 years$6,108$5,462$4,877$4,348$3,873$3,527
12 years$5,541$4,902$4,328$3,814$3,356$3,026
13 years$5,063$4,430$3,867$3,367$2,927$2,613
14 years$4,653$4,027$3,474$2,989$2,565$2,267
15 years$4,298$3,679$3,137$2,666$2,259$1,975
16 years$3,987$3,375$2,844$2,387$1,996$1,727
17 years$3,714$3,108$2,588$2,145$1,770$1,514
18 years$3,471$2,872$2,362$1,933$1,574$1,332
19 years$3,254$2,662$2,163$1,746$1,403$1,173
20 years$3,059$2,474$1,985$1,582$1,253$1,036
21 years$2,883$2,304$1,826$1,436$1,121$917
22 years$2,722$2,151$1,683$1,305$1,005$812
23 years$2,577$2,012$1,554$1,189$902$720
24 years$2,443$1,885$1,437$1,084$811$640
25 years$2,320$1,769$1,331$990$730$568
26 years$2,207$1,662$1,234$905$657$506
27 years$2,103$1,564$1,146$829$593$450
28 years$2,006$1,474$1,065$759$535$401
29 years$1,916$1,391$991$696$483$358
30 years$1,832$1,313$924$639$436$319
31 years$1,754$1,242$861$587$394$285
32 years$1,680$1,175$803$539$357$254
33 years$1,612$1,113$750$496$323$227
34 years$1,547$1,054$701$456$292$203
35 years$1,487$1,000$655$420$265$181
36 years$1,429$949$613$387$240$162
37 years$1,375$902$574$356$217$145
38 years$1,324$857$537$329$197$130
39 years$1,276$815$503$303$179$116
40 years$1,230$775$472$279$162$104
41 years$1,187$738$442$258$147$93
42 years$1,146$703$415$238$133$83
43 years$1,107$670$389$220$121$74
44 years$1,069$638$366$203$110$67
45 years$1,034$609$343$187$100$60
46 years$1,000$581$322$173$91$53
47 years$968$554$303$160$82$48
48 years$937$529$285$148$75$43
49 years$907$505$267$136$68$38
50 years$879$482$251$126$62$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $900,000, adding $6,387 every year, while hoping to spend $25,570 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: 26/46/28 Blend
47$900,000$900,000$900,000$900,000
48$998,388$950,688$936,738$1,015,492
49$1,073,018$970,066$940,913$1,049,408
50$1,154,402$989,536$944,370$1,083,172
51$1,243,204$1,009,076$947,059$1,118,874
52$1,340,151$1,028,661$948,926$1,156,696
53$1,446,047$1,048,266$949,916$1,196,838
54$1,561,774$1,067,861$949,968$1,239,524
55$1,688,304$1,087,416$949,021$1,284,997
56$1,826,709$1,106,896$947,011$1,333,532
57$1,978,165$1,126,266$943,868$1,385,427
58$2,143,972$1,145,487$939,521$1,441,015
59$2,325,558$1,164,517$933,897$1,500,664
60$2,524,498$1,183,311$926,914$1,564,781
61$2,742,523$1,201,820$918,493$1,633,815
62$2,981,544$1,219,993$908,546$1,708,262
63$3,243,663$1,237,774$896,984$1,788,673
64$3,531,195$1,255,103$883,711$1,875,655
65$3,846,690$1,271,916$868,628$1,969,879
66$4,192,958$1,288,146$851,633$2,072,088
67$4,573,094$1,303,719$832,617$2,183,101
68$4,990,506$1,318,557$811,466$2,303,824
69$5,448,948$1,332,578$788,061$2,435,260
70$5,952,559$1,345,692$762,279$2,578,515
71$6,505,894$1,357,805$733,989$2,734,811
72$7,113,974$1,368,816$703,056$2,905,499
73$7,782,328$1,378,617$669,338$3,092,071
74$8,517,051$1,387,095$632,686$3,296,173
75$9,324,855$1,394,127$592,946$3,519,628
76$10,213,136$1,399,585$549,955$3,764,442
77$11,190,041$1,403,330$503,544$4,032,838
78$12,264,548$1,405,216$453,535$4,327,263
79$13,446,548$1,405,088$399,745$4,650,426
80$14,746,939$1,402,780$341,980$5,005,311
81$16,177,729$1,398,119$280,038$5,395,218
82$17,752,147$1,390,916$213,709$5,823,786
83$19,484,772$1,380,976$142,774$6,295,033
84$21,391,663$1,368,089$67,002$6,813,394
85$23,490,520$1,352,033$0$7,383,763
86$25,800,844$1,332,573$0$8,015,684
87$28,344,120$1,309,459$0$8,732,606
88$31,144,026$1,282,428$0$9,521,149
89$34,226,649$1,251,200$0$10,388,649
90$37,620,737$1,215,478$0$11,343,202
91$41,357,965$1,174,950$0$12,393,730
92$45,473,238$1,129,283$0$13,550,074
93$50,005,017$1,078,126$0$14,823,083
94$54,995,682$1,021,108$0$16,224,720
95$60,491,936$957,836$0$17,768,177
96$66,545,238$887,895$0$19,467,995
97$73,212,295$810,844$0$21,340,210
98$80,555,594$726,221$0$23,402,501
99$88,643,993$633,535$0$25,674,360
100$97,553,368$532,265$0$28,177,274