Can I retire at age 48 with 920,000?

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 $920,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$75,973$75,296$74,636$73,991$73,362$70,815
2 years$37,610$36,910$36,231$35,573$34,934$32,395
3 years$24,824$24,121$23,444$22,792$22,164$19,712
4 years$18,433$17,731$17,061$16,420$15,807$13,461
5 years$14,599$13,902$13,240$12,612$12,017$9,782
6 years$12,044$11,352$10,700$10,086$9,508$7,388
7 years$10,219$9,533$8,892$8,292$7,733$5,725
8 years$8,852$8,172$7,541$6,956$6,415$4,519
9 years$7,788$7,115$6,495$5,925$5,402$3,616
10 years$6,938$6,271$5,662$5,108$4,603$2,923
11 years$6,243$5,583$4,985$4,445$3,959$2,382
12 years$5,664$5,011$4,424$3,899$3,431$1,953
13 years$5,175$4,529$3,953$3,442$2,992$1,609
14 years$4,756$4,116$3,552$3,056$2,622$1,331
15 years$4,393$3,760$3,207$2,725$2,309$1,105
16 years$4,076$3,450$2,907$2,440$2,041$920
17 years$3,796$3,177$2,645$2,192$1,809$767
18 years$3,548$2,936$2,415$1,976$1,609$641
19 years$3,326$2,721$2,211$1,785$1,434$536
20 years$3,127$2,529$2,029$1,617$1,281$449
21 years$2,947$2,355$1,866$1,467$1,146$377
22 years$2,783$2,199$1,720$1,334$1,027$316
23 years$2,634$2,056$1,588$1,215$922$266
24 years$2,497$1,927$1,469$1,108$829$223
25 years$2,372$1,808$1,360$1,012$746$188
26 years$2,256$1,699$1,262$925$672$158
27 years$2,150$1,599$1,172$847$606$133
28 years$2,050$1,507$1,089$776$547$112
29 years$1,958$1,422$1,014$712$494$94
30 years$1,873$1,343$944$653$446$79
31 years$1,793$1,269$880$600$403$67
32 years$1,718$1,201$821$551$365$56
33 years$1,648$1,137$767$507$330$47
34 years$1,582$1,078$716$466$299$40
35 years$1,520$1,022$670$429$271$34
36 years$1,461$970$627$395$245$28
37 years$1,406$922$586$364$222$24
38 years$1,354$876$549$336$202$20
39 years$1,305$833$515$310$183$17
40 years$1,258$792$482$286$166$14
41 years$1,213$754$452$264$150$12
42 years$1,171$718$424$243$136$10
43 years$1,131$684$398$224$124$9
44 years$1,093$652$374$207$112$7
45 years$1,057$622$351$191$102$6
46 years$1,022$593$330$177$93$5
47 years$989$566$310$163$84$4
48 years$957$541$291$151$76$4
49 years$927$516$273$140$69$3
50 years$898$493$257$129$63$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $920,000, adding $5,618 every year, while hoping to spend $26,123 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: 42/40/18 Blend
47$920,000$920,000$920,000$920,000
48$1,019,635$970,875$956,615$1,056,869
49$1,095,843$990,653$960,867$1,103,531
50$1,178,949$1,010,525$964,386$1,151,049
51$1,269,628$1,030,467$967,119$1,201,957
52$1,368,626$1,050,455$969,013$1,256,580
53$1,476,760$1,070,462$970,009$1,315,274
54$1,594,932$1,090,458$970,047$1,378,435
55$1,724,136$1,110,411$969,065$1,446,495
56$1,865,464$1,130,287$966,994$1,519,934
57$2,020,119$1,150,049$963,767$1,599,281
58$2,189,428$1,169,658$959,309$1,685,119
59$2,374,848$1,189,070$953,545$1,778,091
60$2,577,987$1,208,239$946,394$1,878,907
61$2,800,615$1,227,116$937,771$1,988,349
62$3,044,681$1,245,648$927,589$2,107,282
63$3,312,331$1,263,777$915,756$2,236,656
64$3,605,930$1,281,443$902,175$2,377,525
65$3,928,082$1,298,581$886,745$2,531,045
66$4,281,656$1,315,121$869,360$2,698,497
67$4,669,810$1,330,987$849,909$2,881,292
68$5,096,026$1,346,101$828,277$3,080,984
69$5,564,138$1,360,377$804,341$3,299,290
70$6,078,369$1,373,725$777,976$3,538,104
71$6,643,373$1,386,047$749,048$3,799,515
72$7,264,274$1,397,241$717,419$4,085,824
73$7,946,721$1,407,197$682,943$4,399,574
74$8,696,935$1,415,797$645,470$4,743,567
75$9,521,769$1,422,918$604,840$5,120,893
76$10,428,775$1,428,427$560,888$5,534,961
77$11,426,273$1,432,183$513,441$5,989,531
78$12,523,430$1,434,037$462,317$6,488,749
79$13,730,344$1,433,829$407,330$7,037,188
80$15,058,144$1,431,391$348,280$7,639,891
81$16,519,089$1,426,544$284,962$8,302,419
82$18,126,689$1,419,097$217,160$9,030,904
83$19,895,827$1,408,849$144,651$9,832,110
84$21,842,904$1,395,585$67,200$10,713,493
85$23,985,991$1,379,080$0$11,683,278
86$26,344,998$1,359,091$0$12,753,500
87$28,941,867$1,335,365$0$13,945,154
88$31,800,770$1,307,631$0$15,256,398
89$34,948,347$1,275,603$0$16,699,438
90$38,413,950$1,238,979$0$18,287,734
91$42,229,921$1,197,437$0$20,036,121
92$46,431,901$1,150,639$0$21,960,950
93$51,059,160$1,098,226$0$24,080,247
94$56,154,972$1,039,817$0$26,413,882
95$61,767,023$975,012$0$28,983,755
96$67,947,856$903,384$0$31,814,009
97$74,755,373$824,486$0$34,931,252
98$82,253,377$737,842$0$38,364,816
99$90,512,176$642,950$0$42,147,032
100$99,609,244$539,281$0$46,313,534