Can I retire at age 48 with 910,000?

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 $910,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$75,147$74,478$73,825$73,187$72,565$72,259
2 years$37,201$36,509$35,837$35,186$34,555$34,246
3 years$24,555$23,859$23,189$22,544$21,923$21,621
4 years$18,232$17,539$16,876$16,242$15,636$15,342
5 years$14,440$13,751$13,096$12,475$11,886$11,603
6 years$11,913$11,228$10,584$9,977$9,405$9,132
7 years$10,108$9,430$8,795$8,202$7,649$7,386
8 years$8,755$8,083$7,459$6,881$6,345$6,093
9 years$7,704$7,038$6,424$5,861$5,344$5,102
10 years$6,863$6,203$5,601$5,052$4,553$4,321
11 years$6,175$5,522$4,931$4,397$3,916$3,694
12 years$5,603$4,957$4,376$3,857$3,393$3,181
13 years$5,119$4,479$3,910$3,405$2,959$2,757
14 years$4,704$4,072$3,513$3,022$2,594$2,401
15 years$4,345$3,719$3,172$2,695$2,284$2,100
16 years$4,032$3,413$2,876$2,413$2,019$1,844
17 years$3,755$3,143$2,617$2,168$1,790$1,624
18 years$3,510$2,904$2,389$1,954$1,591$1,434
19 years$3,290$2,692$2,187$1,766$1,418$1,269
20 years$3,093$2,501$2,007$1,599$1,267$1,125
21 years$2,915$2,330$1,846$1,451$1,134$1,000
22 years$2,753$2,175$1,701$1,320$1,016$890
23 years$2,605$2,034$1,571$1,202$912$793
24 years$2,470$1,906$1,453$1,096$820$707
25 years$2,346$1,788$1,346$1,001$738$632
26 years$2,232$1,681$1,248$915$665$565
27 years$2,126$1,582$1,159$838$599$505
28 years$2,028$1,491$1,077$768$541$452
29 years$1,937$1,406$1,003$704$488$405
30 years$1,852$1,328$934$646$441$363
31 years$1,773$1,255$871$593$399$326
32 years$1,699$1,188$812$545$361$292
33 years$1,630$1,125$758$501$326$262
34 years$1,564$1,066$709$461$296$235
35 years$1,503$1,011$662$425$268$212
36 years$1,445$960$620$391$243$190
37 years$1,391$912$580$360$220$171
38 years$1,339$866$543$332$199$154
39 years$1,290$824$509$306$181$138
40 years$1,244$784$477$283$164$124
41 years$1,200$746$447$261$149$112
42 years$1,159$711$420$241$135$101
43 years$1,119$677$394$222$122$90
44 years$1,081$645$370$205$111$81
45 years$1,045$615$347$189$101$73
46 years$1,011$587$326$175$92$66
47 years$978$560$306$162$83$59
48 years$947$535$288$149$76$53
49 years$917$511$270$138$69$48
50 years$888$488$254$128$62$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $910,000, adding $5,356 every year, while hoping to spend $23,407 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: 73/17/10 Blend
47$910,000$910,000$910,000$910,000
48$1,008,345$960,115$946,010$1,079,684
49$1,086,291$982,255$952,796$1,149,660
50$1,171,403$1,004,697$959,025$1,222,843
51$1,264,388$1,027,428$964,654$1,302,350
52$1,366,022$1,050,439$969,637$1,388,801
53$1,477,162$1,073,716$973,925$1,482,877
54$1,598,750$1,097,246$977,470$1,585,329
55$1,731,824$1,121,012$980,216$1,696,983
56$1,877,527$1,144,998$982,110$1,818,749
57$2,037,116$1,169,185$983,093$1,951,632
58$2,211,979$1,193,552$983,103$2,096,734
59$2,403,640$1,218,075$982,076$2,255,274
60$2,613,781$1,242,730$979,945$2,428,593
61$2,844,252$1,267,490$976,639$2,618,167
62$3,097,094$1,292,325$972,084$2,825,624
63$3,374,551$1,317,203$966,203$3,052,757
64$3,679,098$1,342,088$958,914$3,301,542
65$4,013,460$1,366,944$950,131$3,574,155
66$4,380,638$1,391,729$939,765$3,872,994
67$4,783,939$1,416,400$927,723$4,200,703
68$5,227,005$1,440,908$913,907$4,560,193
69$5,713,850$1,465,204$898,213$4,954,673
70$6,248,895$1,489,230$880,535$5,387,679
71$6,837,010$1,512,930$860,760$5,863,105
72$7,483,560$1,536,239$838,771$6,385,247
73$8,194,457$1,559,088$814,444$6,958,834
74$8,976,214$1,581,406$787,650$7,589,079
75$9,836,007$1,603,115$758,256$8,281,729
76$10,781,742$1,624,129$726,120$9,043,112
77$11,822,130$1,644,361$691,094$9,880,206
78$12,966,767$1,663,715$653,026$10,800,699
79$14,226,229$1,682,089$611,754$11,813,064
80$15,612,167$1,699,374$567,111$12,926,635
81$17,137,419$1,715,454$518,920$14,151,703
82$18,816,130$1,730,206$466,998$15,499,606
83$20,663,886$1,743,497$411,153$16,982,839
84$22,697,862$1,755,188$351,186$18,615,172
85$24,936,980$1,765,128$286,887$20,411,780
86$27,402,093$1,773,160$218,039$22,389,388
87$30,116,175$1,779,114$144,412$24,566,424
88$33,104,545$1,782,810$65,769$26,963,199
89$36,395,098$1,784,058$0$29,602,095
90$40,018,576$1,782,654$0$32,509,716
91$44,008,850$1,778,384$0$35,718,922
92$48,403,247$1,771,018$0$39,252,675
93$53,242,894$1,760,315$0$43,144,018
94$58,573,116$1,746,016$0$47,429,365
95$64,443,852$1,727,850$0$52,148,843
96$70,910,136$1,705,526$0$57,346,673
97$78,032,611$1,678,737$0$63,071,584
98$85,878,102$1,647,160$0$69,377,277
99$94,520,247$1,610,450$0$76,322,929
100$104,040,193$1,568,242$0$83,973,754