Can I retire at age 48 with 950,000?

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 $950,000?

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$78,450$77,751$77,070$76,404$75,754$74,013
2 years$38,837$38,113$37,412$36,733$36,073$34,329
3 years$25,634$24,908$24,208$23,535$22,887$21,193
4 years$19,034$18,310$17,617$16,956$16,323$14,693
5 years$15,075$14,355$13,672$13,024$12,408$10,848
6 years$12,436$11,722$11,049$10,415$9,818$8,328
7 years$10,552$9,844$9,182$8,563$7,985$6,565
8 years$9,140$8,438$7,787$7,183$6,624$5,274
9 years$8,042$7,347$6,707$6,118$5,579$4,298
10 years$7,165$6,476$5,847$5,274$4,753$3,540
11 years$6,447$5,765$5,148$4,590$4,088$2,941
12 years$5,849$5,175$4,568$4,026$3,543$2,459
13 years$5,344$4,676$4,082$3,554$3,089$2,068
14 years$4,911$4,251$3,667$3,155$2,708$1,747
15 years$4,536$3,883$3,311$2,814$2,384$1,481
16 years$4,209$3,563$3,002$2,520$2,107$1,259
17 years$3,920$3,281$2,732$2,264$1,868$1,073
18 years$3,664$3,032$2,494$2,040$1,661$917
19 years$3,435$2,810$2,283$1,843$1,481$785
20 years$3,229$2,611$2,095$1,670$1,323$673
21 years$3,043$2,432$1,927$1,515$1,184$577
22 years$2,874$2,270$1,776$1,378$1,061$496
23 years$2,720$2,123$1,640$1,255$952$427
24 years$2,579$1,989$1,517$1,144$856$367
25 years$2,449$1,867$1,405$1,045$770$316
26 years$2,330$1,755$1,303$956$694$273
27 years$2,220$1,651$1,210$875$626$235
28 years$2,117$1,556$1,125$801$564$203
29 years$2,022$1,468$1,047$735$510$175
30 years$1,934$1,386$975$674$461$151
31 years$1,851$1,311$909$619$416$131
32 years$1,774$1,240$848$569$377$113
33 years$1,701$1,174$792$523$341$97
34 years$1,633$1,113$740$482$309$84
35 years$1,569$1,056$692$443$280$73
36 years$1,509$1,002$647$408$253$63
37 years$1,452$952$606$376$230$54
38 years$1,398$904$567$347$208$47
39 years$1,347$860$531$320$189$41
40 years$1,299$818$498$295$171$35
41 years$1,253$779$467$272$155$30
42 years$1,209$742$438$251$141$26
43 years$1,168$707$411$232$128$23
44 years$1,129$674$386$214$116$20
45 years$1,091$642$362$198$105$17
46 years$1,055$613$340$183$96$15
47 years$1,021$585$320$169$87$13
48 years$989$558$300$156$79$11
49 years$957$533$282$144$72$10
50 years$928$509$265$133$65$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $950,000, adding $2,971 every year, while hoping to spend $33,410 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: 42/50/8 Blend
47$950,000$950,000$950,000$950,000
48$1,049,965$999,615$984,890$1,091,480
49$1,121,513$1,013,048$982,335$1,134,133
50$1,199,240$1,026,019$978,576$1,176,679
51$1,283,739$1,038,471$973,535$1,221,984
52$1,375,666$1,050,342$967,135$1,270,313
53$1,475,741$1,061,566$959,291$1,321,955
54$1,584,756$1,072,072$949,916$1,377,236
55$1,703,583$1,081,785$938,920$1,436,511
56$1,833,181$1,090,625$926,206$1,500,174
57$1,974,607$1,098,508$911,676$1,568,662
58$2,129,024$1,105,341$895,223$1,642,456
59$2,297,710$1,111,029$876,740$1,722,090
60$2,482,076$1,115,469$856,110$1,808,151
61$2,683,672$1,118,551$833,214$1,901,292
62$2,904,206$1,120,159$807,926$2,002,231
63$3,145,559$1,120,171$780,115$2,111,762
64$3,409,801$1,118,454$749,644$2,230,766
65$3,699,213$1,114,871$716,369$2,360,211
66$4,016,305$1,109,272$680,141$2,501,171
67$4,363,844$1,101,502$640,801$2,654,831
68$4,744,875$1,091,395$598,187$2,822,500
69$5,162,753$1,078,774$552,126$3,005,623
70$5,621,172$1,063,452$502,441$3,205,799
71$6,124,201$1,045,231$448,943$3,424,792
72$6,676,325$1,023,903$391,438$3,664,551
73$7,282,480$999,244$329,721$3,927,227
74$7,948,106$971,019$263,579$4,215,198
75$8,679,194$938,981$192,790$4,531,088
76$9,482,345$902,864$117,122$4,877,795
77$10,364,830$862,391$36,332$5,258,518
78$11,334,661$817,266$0$5,676,789
79$12,400,662$767,177$0$6,140,765
80$13,572,555$711,795$0$6,654,081
81$14,861,053$650,770$0$7,218,405
82$16,277,957$583,734$0$7,839,006
83$17,836,269$510,298$0$8,521,698
84$19,550,315$430,048$0$9,272,896
85$21,435,878$342,551$0$10,099,675
86$23,510,348$247,347$0$11,009,845
87$25,792,886$143,950$0$12,012,019
88$28,304,605$31,848$0$13,115,699
89$31,068,766$0$0$14,331,368
90$34,110,999$0$0$15,719,833
91$37,459,546$0$0$17,267,530
92$41,145,526$0$0$18,971,336
93$45,203,227$0$0$20,847,120
94$49,670,430$0$0$22,912,366
95$54,588,767$0$0$25,186,340
96$60,004,111$0$0$27,690,273
97$65,967,009$0$0$30,447,557
98$72,533,161$0$0$33,483,969
99$79,763,943$0$0$36,827,915
100$87,726,985$0$0$40,510,693