Can I retire at age 48 with 920,000?

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 $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%13.9%
1 years$75,973$75,296$74,636$73,991$73,362$72,176
2 years$37,610$36,910$36,231$35,573$34,934$33,743
3 years$24,824$24,121$23,444$22,792$22,164$21,004
4 years$18,433$17,731$17,061$16,420$15,807$14,688
5 years$14,599$13,902$13,240$12,612$12,017$10,941
6 years$12,044$11,352$10,700$10,086$9,508$8,477
7 years$10,219$9,533$8,892$8,292$7,733$6,747
8 years$8,852$8,172$7,541$6,956$6,415$5,474
9 years$7,788$7,115$6,495$5,925$5,402$4,506
10 years$6,938$6,271$5,662$5,108$4,603$3,751
11 years$6,243$5,583$4,985$4,445$3,959$3,149
12 years$5,664$5,011$4,424$3,899$3,431$2,663
13 years$5,175$4,529$3,953$3,442$2,992$2,265
14 years$4,756$4,116$3,552$3,056$2,622$1,935
15 years$4,393$3,760$3,207$2,725$2,309$1,660
16 years$4,076$3,450$2,907$2,440$2,041$1,428
17 years$3,796$3,177$2,645$2,192$1,809$1,233
18 years$3,548$2,936$2,415$1,976$1,609$1,066
19 years$3,326$2,721$2,211$1,785$1,434$924
20 years$3,127$2,529$2,029$1,617$1,281$802
21 years$2,947$2,355$1,866$1,467$1,146$698
22 years$2,783$2,199$1,720$1,334$1,027$607
23 years$2,634$2,056$1,588$1,215$922$529
24 years$2,497$1,927$1,469$1,108$829$462
25 years$2,372$1,808$1,360$1,012$746$403
26 years$2,256$1,699$1,262$925$672$352
27 years$2,150$1,599$1,172$847$606$308
28 years$2,050$1,507$1,089$776$547$269
29 years$1,958$1,422$1,014$712$494$236
30 years$1,873$1,343$944$653$446$206
31 years$1,793$1,269$880$600$403$181
32 years$1,718$1,201$821$551$365$158
33 years$1,648$1,137$767$507$330$139
34 years$1,582$1,078$716$466$299$122
35 years$1,520$1,022$670$429$271$107
36 years$1,461$970$627$395$245$93
37 years$1,406$922$586$364$222$82
38 years$1,354$876$549$336$202$72
39 years$1,305$833$515$310$183$63
40 years$1,258$792$482$286$166$55
41 years$1,213$754$452$264$150$49
42 years$1,171$718$424$243$136$43
43 years$1,131$684$398$224$124$37
44 years$1,093$652$374$207$112$33
45 years$1,057$622$351$191$102$29
46 years$1,022$593$330$177$93$25
47 years$989$566$310$163$84$22
48 years$957$541$291$151$76$19
49 years$927$516$273$140$69$17
50 years$898$493$257$129$63$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $920,000, adding $5,642 every year, while hoping to spend $33,214 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: 60/13/27 Blend
47$920,000$920,000$920,000$920,000
48$1,019,660$970,900$956,640$1,073,100
49$1,088,326$983,134$953,348$1,122,405
50$1,162,882$994,855$948,832$1,172,126
51$1,243,895$1,006,002$943,017$1,225,677
52$1,331,987$1,016,511$935,823$1,283,440
53$1,427,843$1,026,313$927,166$1,345,834
54$1,532,216$1,035,335$916,959$1,413,324
55$1,645,934$1,043,499$905,110$1,486,421
56$1,769,912$1,050,723$891,523$1,565,692
57$1,905,151$1,056,917$876,098$1,651,759
58$2,052,759$1,061,988$858,729$1,745,311
59$2,213,951$1,065,836$839,307$1,847,109
60$2,390,067$1,068,355$817,716$1,957,992
61$2,582,580$1,069,431$793,837$2,078,885
62$2,793,115$1,068,945$767,542$2,210,810
63$3,023,459$1,066,769$738,700$2,354,896
64$3,275,579$1,062,768$707,174$2,512,387
65$3,551,642$1,056,798$672,819$2,684,655
66$3,854,036$1,048,707$635,485$2,873,217
67$4,185,388$1,038,334$595,014$3,079,743
68$4,548,592$1,025,507$551,241$3,306,079
69$4,946,837$1,010,045$503,996$3,554,260
70$5,383,632$991,755$453,098$3,826,531
71$5,862,846$970,435$398,360$4,125,369
72$6,388,736$945,866$339,585$4,453,505
73$6,965,996$917,823$276,570$4,813,955
74$7,599,794$886,062$209,101$5,210,043
75$8,295,821$850,327$136,954$5,645,437
76$9,060,350$810,348$59,898$6,124,180
77$9,900,289$765,839$0$6,650,734
78$10,823,249$716,495$0$7,236,456
79$11,837,614$661,997$0$7,899,168
80$12,952,622$602,007$0$8,627,659
81$14,178,450$536,165$0$9,428,608
82$15,526,309$464,094$0$10,309,376
83$17,008,551$385,394$0$11,278,075
84$18,638,787$299,642$0$12,343,646
85$20,432,011$206,392$0$13,515,942
86$22,404,743$105,172$0$14,805,822
87$24,575,188$0$0$16,225,252
88$26,963,400$0$0$17,788,067
89$29,591,479$0$0$19,524,489
90$32,483,773$0$0$21,435,569
91$35,667,111$0$0$23,539,047
92$39,171,054$0$0$25,854,467
93$43,028,174$0$0$28,403,364
94$47,274,364$0$0$31,209,468
95$51,949,171$0$0$34,298,928
96$57,096,172$0$0$37,700,554
97$62,763,384$0$0$41,446,095
98$69,003,720$0$0$45,570,533
99$75,875,482$0$0$50,112,418
100$83,442,915$0$0$55,114,227