Can I retire at age 48 with 930,000?

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 $930,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$76,799$76,114$75,447$74,796$74,160$73,723
2 years$38,019$37,311$36,625$35,959$35,314$34,874
3 years$25,094$24,383$23,699$23,040$22,405$21,974
4 years$18,633$17,924$17,247$16,599$15,979$15,562
5 years$14,757$14,053$13,384$12,749$12,147$11,744
6 years$12,175$11,475$10,816$10,196$9,612$9,223
7 years$10,330$9,637$8,988$8,383$7,817$7,443
8 years$8,948$8,261$7,623$7,032$6,485$6,126
9 years$7,873$7,192$6,566$5,990$5,461$5,118
10 years$7,014$6,340$5,724$5,163$4,653$4,325
11 years$6,311$5,644$5,039$4,493$4,002$3,688
12 years$5,726$5,066$4,472$3,941$3,468$3,168
13 years$5,231$4,578$3,996$3,480$3,024$2,738
14 years$4,808$4,161$3,590$3,089$2,651$2,379
15 years$4,441$3,801$3,241$2,755$2,334$2,075
16 years$4,120$3,488$2,939$2,467$2,063$1,817
17 years$3,838$3,212$2,674$2,216$1,829$1,596
18 years$3,587$2,968$2,441$1,997$1,626$1,405
19 years$3,362$2,751$2,235$1,805$1,450$1,240
20 years$3,161$2,556$2,051$1,634$1,295$1,097
21 years$2,979$2,381$1,887$1,483$1,159$971
22 years$2,813$2,222$1,739$1,349$1,039$862
23 years$2,662$2,079$1,605$1,228$932$766
24 years$2,524$1,948$1,485$1,120$838$681
25 years$2,398$1,828$1,375$1,023$754$606
26 years$2,281$1,718$1,275$935$679$540
27 years$2,173$1,617$1,184$856$612$482
28 years$2,073$1,523$1,101$785$553$430
29 years$1,980$1,437$1,025$719$499$384
30 years$1,893$1,357$954$660$451$343
31 years$1,812$1,283$890$606$408$307
32 years$1,736$1,214$830$557$369$274
33 years$1,665$1,150$775$512$334$245
34 years$1,599$1,090$724$472$302$220
35 years$1,536$1,033$677$434$274$197
36 years$1,477$981$633$400$248$176
37 years$1,421$932$593$368$225$158
38 years$1,369$885$555$339$204$141
39 years$1,319$842$520$313$185$127
40 years$1,271$801$488$289$168$113
41 years$1,227$762$457$266$152$102
42 years$1,184$726$429$246$138$91
43 years$1,144$692$402$227$125$82
44 years$1,105$659$378$210$114$73
45 years$1,068$629$355$194$103$66
46 years$1,033$600$333$179$94$59
47 years$1,000$573$313$165$85$53
48 years$968$547$294$153$77$47
49 years$937$522$276$141$70$43
50 years$908$499$260$130$64$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $930,000, adding $2,499 every year, while hoping to spend $53,412 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: 52/37/11 Blend
47$930,000$930,000$930,000$930,000
48$1,027,438$978,148$963,733$1,077,780
49$1,075,406$969,247$939,188$1,103,470
50$1,126,478$958,120$912,031$1,125,464
51$1,180,912$944,601$882,117$1,148,148
52$1,238,994$928,515$849,296$1,171,599
53$1,301,035$909,677$813,412$1,195,906
54$1,367,378$887,888$774,299$1,221,172
55$1,438,397$862,942$731,785$1,247,510
56$1,514,505$834,616$685,690$1,275,050
57$1,596,151$802,679$635,827$1,303,938
58$1,683,830$766,883$582,000$1,334,341
59$1,778,086$726,966$524,002$1,366,444
60$1,879,516$682,652$461,621$1,400,458
61$1,988,773$633,648$394,632$1,436,620
62$2,106,578$579,646$322,802$1,475,196
63$2,233,719$520,319$245,886$1,516,482
64$2,371,065$455,322$163,630$1,560,815
65$2,519,570$384,289$75,768$1,608,569
66$2,680,282$306,835$0$1,660,164
67$2,854,354$222,553$0$1,718,182
68$3,043,052$131,013$0$1,790,663
69$3,247,771$31,760$0$1,869,327
70$3,470,043$0$0$1,954,865
71$3,711,552$0$0$2,078,863
72$3,974,154$0$0$2,227,832
73$4,259,888$0$0$2,390,009
74$4,570,999$0$0$2,566,679
75$4,909,956$0$0$2,759,255
76$5,279,477$0$0$2,969,294
77$5,682,553$0$0$3,198,507
78$6,122,477$0$0$3,448,780
79$6,602,873$0$0$3,722,187
80$7,127,730$0$0$4,021,013
81$7,701,441$0$0$4,347,773
82$8,328,841$0$0$4,705,236
83$9,015,253$0$0$5,096,451
84$9,766,542$0$0$5,524,776
85$10,589,161$0$0$5,993,906
86$11,490,220$0$0$6,507,915
87$12,477,547$0$0$7,071,285
88$13,559,765$0$0$7,688,955
89$14,746,368$0$0$8,366,364
90$16,047,816$0$0$9,109,503
91$17,475,626$0$0$9,924,970
92$19,042,487$0$0$10,820,032
93$20,762,376$0$0$11,802,696
94$22,650,685$0$0$12,881,782
95$24,724,375$0$0$14,067,003
96$27,002,126$0$0$15,369,062
97$29,504,517$0$0$16,799,749
98$32,254,219$0$0$18,372,051
99$35,276,208$0$0$20,100,278
100$38,598,001$0$0$22,000,195