Can I retire at age 48 with 800,000?

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 $800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$66,063$65,475$64,901$64,340$63,793$61,603
2 years$32,705$32,095$31,505$30,933$30,378$28,194
3 years$21,586$20,975$20,386$19,819$19,273$17,163
4 years$16,029$15,419$14,836$14,278$13,746$11,727
5 years$12,695$12,088$11,513$10,967$10,449$8,526
6 years$10,473$9,871$9,304$8,771$8,268$6,443
7 years$8,886$8,290$7,732$7,211$6,724$4,996
8 years$7,697$7,106$6,557$6,049$5,578$3,946
9 years$6,773$6,187$5,648$5,152$4,698$3,159
10 years$6,033$5,453$4,924$4,441$4,003$2,555
11 years$5,429$4,855$4,335$3,865$3,442$2,083
12 years$4,926$4,357$3,847$3,390$2,983$1,709
13 years$4,500$3,938$3,437$2,993$2,601$1,410
14 years$4,136$3,579$3,088$2,657$2,280$1,167
15 years$3,820$3,270$2,788$2,370$2,008$969
16 years$3,544$3,000$2,528$2,122$1,775$807
17 years$3,301$2,763$2,300$1,906$1,573$674
18 years$3,085$2,553$2,100$1,718$1,399$563
19 years$2,892$2,366$1,922$1,552$1,247$472
20 years$2,719$2,199$1,764$1,406$1,114$396
21 years$2,562$2,048$1,623$1,276$997$332
22 years$2,420$1,912$1,496$1,160$893$279
23 years$2,290$1,788$1,381$1,057$802$234
24 years$2,172$1,675$1,277$964$721$197
25 years$2,063$1,572$1,183$880$649$166
26 years$1,962$1,478$1,097$805$584$140
27 years$1,869$1,391$1,019$737$527$118
28 years$1,783$1,310$947$675$475$99
29 years$1,703$1,236$881$619$429$84
30 years$1,628$1,167$821$568$388$70
31 years$1,559$1,104$765$522$351$59
32 years$1,494$1,044$714$479$317$50
33 years$1,433$989$667$441$287$42
34 years$1,375$937$623$406$260$36
35 years$1,321$889$582$373$235$30
36 years$1,271$844$545$344$213$25
37 years$1,223$801$510$317$193$21
38 years$1,177$762$478$292$175$18
39 years$1,134$724$447$269$159$15
40 years$1,094$689$419$248$144$13
41 years$1,055$656$393$229$131$11
42 years$1,019$625$369$211$119$9
43 years$984$595$346$195$108$8
44 years$951$567$325$180$98$7
45 years$919$541$305$166$89$5
46 years$889$516$287$154$81$5
47 years$860$492$269$142$73$4
48 years$833$470$253$131$66$3
49 years$806$449$238$121$60$3
50 years$781$429$224$112$55$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $800,000, adding $3,448 every year, while hoping to spend $47,179 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: 27/47/26 Blend
47$800,000$800,000$800,000$800,000
48$885,157$842,757$830,357$901,788
49$925,244$833,854$807,975$906,499
50$967,840$822,933$783,263$907,242
51$1,013,149$809,846$756,092$907,067
52$1,061,398$794,436$726,329$905,927
53$1,112,832$776,535$693,832$903,776
54$1,167,723$755,967$658,457$900,568
55$1,226,366$732,545$620,051$896,258
56$1,289,086$706,070$578,453$890,802
57$1,356,238$676,333$533,497$884,158
58$1,428,214$643,113$485,009$876,285
59$1,505,441$606,175$432,806$867,148
60$1,588,389$565,270$376,698$856,712
61$1,677,573$520,137$316,486$844,948
62$1,773,560$470,498$251,962$831,833
63$1,876,971$416,061$182,911$817,348
64$1,988,489$356,515$109,106$801,484
65$2,108,864$291,533$30,310$784,238
66$2,238,920$220,770$0$765,621
67$2,379,563$143,861$0$760,570
68$2,531,788$60,420$0$764,146
69$2,696,690$0$0$768,053
70$2,875,471$0$0$787,934
71$3,069,455$0$0$843,522
72$3,280,097$0$0$903,999
73$3,508,998$0$0$969,839
74$3,757,918$0$0$1,041,564
75$4,028,794$0$0$1,119,749
76$4,323,758$0$0$1,205,025
77$4,645,156$0$0$1,298,087
78$4,995,567$0$0$1,399,702
79$5,377,834$0$0$1,510,711
80$5,795,082$0$0$1,632,042
81$6,250,755$0$0$1,764,718
82$6,748,640$0$0$1,909,862
83$7,292,908$0$0$2,068,713
84$7,888,154$0$0$2,242,634
85$8,539,432$0$0$2,433,126
86$9,252,312$0$0$2,641,844
87$10,032,924$0$0$2,870,608
88$10,888,019$0$0$3,121,424
89$11,825,034$0$0$3,396,500
90$12,852,158$0$0$3,698,270
91$13,978,409$0$0$4,029,413
92$15,213,720$0$0$4,392,881
93$16,569,033$0$0$4,791,926
94$18,056,398$0$0$5,230,129
95$19,689,090$0$0$5,711,435
96$21,481,731$0$0$6,240,192
97$23,450,429$0$0$6,821,186
98$25,612,927$0$0$7,459,694
99$27,988,773$0$0$8,161,526
100$30,599,499$0$0$8,933,085