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%15.6%
1 years$75,973$75,296$74,636$73,991$73,362$71,676
2 years$37,610$36,910$36,231$35,573$34,934$33,245
3 years$24,824$24,121$23,444$22,792$22,164$20,524
4 years$18,433$17,731$17,061$16,420$15,807$14,229
5 years$14,599$13,902$13,240$12,612$12,017$10,505
6 years$12,044$11,352$10,700$10,086$9,508$8,065
7 years$10,219$9,533$8,892$8,292$7,733$6,358
8 years$8,852$8,172$7,541$6,956$6,415$5,108
9 years$7,788$7,115$6,495$5,925$5,402$4,162
10 years$6,938$6,271$5,662$5,108$4,603$3,428
11 years$6,243$5,583$4,985$4,445$3,959$2,848
12 years$5,664$5,011$4,424$3,899$3,431$2,382
13 years$5,175$4,529$3,953$3,442$2,992$2,003
14 years$4,756$4,116$3,552$3,056$2,622$1,691
15 years$4,393$3,760$3,207$2,725$2,309$1,434
16 years$4,076$3,450$2,907$2,440$2,041$1,219
17 years$3,796$3,177$2,645$2,192$1,809$1,039
18 years$3,548$2,936$2,415$1,976$1,609$888
19 years$3,326$2,721$2,211$1,785$1,434$760
20 years$3,127$2,529$2,029$1,617$1,281$652
21 years$2,947$2,355$1,866$1,467$1,146$559
22 years$2,783$2,199$1,720$1,334$1,027$481
23 years$2,634$2,056$1,588$1,215$922$413
24 years$2,497$1,927$1,469$1,108$829$356
25 years$2,372$1,808$1,360$1,012$746$306
26 years$2,256$1,699$1,262$925$672$264
27 years$2,150$1,599$1,172$847$606$228
28 years$2,050$1,507$1,089$776$547$196
29 years$1,958$1,422$1,014$712$494$170
30 years$1,873$1,343$944$653$446$146
31 years$1,793$1,269$880$600$403$126
32 years$1,718$1,201$821$551$365$109
33 years$1,648$1,137$767$507$330$94
34 years$1,582$1,078$716$466$299$81
35 years$1,520$1,022$670$429$271$70
36 years$1,461$970$627$395$245$61
37 years$1,406$922$586$364$222$53
38 years$1,354$876$549$336$202$45
39 years$1,305$833$515$310$183$39
40 years$1,258$792$482$286$166$34
41 years$1,213$754$452$264$150$29
42 years$1,171$718$424$243$136$25
43 years$1,131$684$398$224$124$22
44 years$1,093$652$374$207$112$19
45 years$1,057$622$351$191$102$16
46 years$1,022$593$330$177$93$14
47 years$989$566$310$163$84$12
48 years$957$541$291$151$76$11
49 years$927$516$273$140$69$9
50 years$898$493$257$129$63$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $920,000, adding $6,305 every year, while hoping to spend $24,678 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: 55/26/19 Blend
47$920,000$920,000$920,000$920,000
48$1,020,344$971,584$957,324$1,070,916
49$1,098,161$992,934$963,137$1,127,509
50$1,183,090$1,014,503$968,318$1,185,947
51$1,275,827$1,036,277$972,819$1,249,042
52$1,377,144$1,058,237$976,591$1,317,246
53$1,487,888$1,080,365$979,581$1,391,058
54$1,608,991$1,102,641$981,736$1,471,028
55$1,741,480$1,125,043$982,996$1,557,760
56$1,886,488$1,147,547$983,303$1,651,922
57$2,045,258$1,170,125$982,592$1,754,248
58$2,219,163$1,192,750$980,798$1,865,550
59$2,409,713$1,215,390$977,850$1,986,721
60$2,618,571$1,238,012$973,675$2,118,744
61$2,847,569$1,260,578$968,197$2,262,707
62$3,098,725$1,283,051$961,336$2,419,804
63$3,374,261$1,305,386$953,007$2,591,356
64$3,676,625$1,327,539$943,122$2,778,816
65$4,008,513$1,349,461$931,589$2,983,787
66$4,372,896$1,371,099$918,311$3,208,035
67$4,773,043$1,392,395$903,187$3,453,509
68$5,212,561$1,413,289$886,110$3,722,354
69$5,695,418$1,433,716$866,971$4,016,939
70$6,225,989$1,453,607$845,653$4,339,873
71$6,809,091$1,472,885$822,034$4,694,030
72$7,450,034$1,491,472$795,987$5,082,583
73$8,154,665$1,509,281$767,380$5,509,027
74$8,929,427$1,526,222$736,074$5,977,214
75$9,781,419$1,542,198$701,923$6,491,393
76$10,718,461$1,557,103$664,775$7,056,244
77$11,749,171$1,570,828$624,472$7,676,931
78$12,883,043$1,583,255$580,848$8,359,141
79$14,130,536$1,594,257$533,729$9,109,148
80$15,503,176$1,603,701$482,934$9,933,865
81$17,013,663$1,611,445$428,275$10,840,912
82$18,675,987$1,617,337$369,553$11,838,691
83$20,505,567$1,621,216$306,563$12,936,461
84$22,519,390$1,622,910$239,088$14,144,430
85$24,736,174$1,622,239$166,903$15,473,850
86$27,176,544$1,619,009$89,775$16,937,121
87$29,863,226$1,613,015$7,457$18,547,916
88$32,821,262$1,604,039$0$20,321,302
89$36,078,245$1,591,851$0$22,290,186
90$39,664,580$1,576,207$0$24,459,251
91$43,613,772$1,556,845$0$26,847,218
92$47,962,739$1,533,493$0$29,476,389
93$52,752,161$1,505,857$0$32,371,340
94$58,026,868$1,473,630$0$35,559,158
95$63,836,255$1,436,484$0$39,069,691
96$70,234,754$1,394,074$0$42,935,838
97$77,282,348$1,346,032$0$47,193,851
98$85,045,131$1,291,971$0$51,883,685
99$93,595,937$1,231,481$0$57,049,372
100$103,015,026$1,164,127$0$62,739,440