Can I retire at age 48 with 820,000?

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 $820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$67,715$67,112$66,523$65,949$65,388$64,786
2 years$33,522$32,898$32,293$31,706$31,137$30,531
3 years$22,126$21,499$20,896$20,314$19,755$19,162
4 years$16,429$15,804$15,207$14,635$14,089$13,516
5 years$13,012$12,391$11,801$11,241$10,710$10,158
6 years$10,735$10,118$9,537$8,990$8,475$7,943
7 years$9,108$8,497$7,925$7,391$6,892$6,382
8 years$7,889$7,283$6,721$6,200$5,718$5,229
9 years$6,942$6,342$5,789$5,281$4,815$4,348
10 years$6,184$5,590$5,047$4,552$4,103$3,656
11 years$5,565$4,976$4,443$3,962$3,529$3,103
12 years$5,049$4,466$3,943$3,475$3,058$2,652
13 years$4,613$4,036$3,523$3,068$2,666$2,280
14 years$4,239$3,669$3,165$2,723$2,337$1,971
15 years$3,916$3,352$2,858$2,429$2,058$1,710
16 years$3,633$3,075$2,591$2,175$1,819$1,489
17 years$3,384$2,832$2,358$1,954$1,613$1,301
18 years$3,162$2,617$2,152$1,761$1,434$1,139
19 years$2,965$2,425$1,970$1,591$1,278$999
20 years$2,787$2,254$1,808$1,441$1,142$879
21 years$2,626$2,099$1,663$1,308$1,022$774
22 years$2,480$1,960$1,533$1,189$916$682
23 years$2,348$1,833$1,416$1,083$822$602
24 years$2,226$1,717$1,309$988$739$533
25 years$2,114$1,611$1,212$902$665$471
26 years$2,011$1,515$1,125$825$599$417
27 years$1,916$1,425$1,044$755$540$370
28 years$1,828$1,343$971$692$487$328
29 years$1,746$1,267$903$634$440$291
30 years$1,669$1,197$841$582$398$258
31 years$1,598$1,131$784$535$359$229
32 years$1,531$1,070$732$491$325$204
33 years$1,468$1,014$683$452$294$181
34 years$1,410$961$639$416$266$161
35 years$1,354$911$597$383$241$143
36 years$1,302$865$558$352$219$127
37 years$1,253$821$523$325$198$113
38 years$1,207$781$489$299$180$101
39 years$1,163$742$459$276$163$90
40 years$1,121$706$430$255$148$80
41 years$1,082$672$403$235$134$71
42 years$1,044$640$378$217$122$63
43 years$1,008$610$355$200$110$56
44 years$974$581$333$185$100$50
45 years$942$555$313$171$91$45
46 years$911$529$294$158$83$40
47 years$882$505$276$146$75$35
48 years$853$482$259$135$68$32
49 years$826$460$244$124$62$28
50 years$801$440$229$115$56$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $820,000, adding $4,825 every year, while hoping to spend $40,923 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: 60/10/30 Blend
47$820,000$820,000$820,000$820,000
48$908,617$865,157$852,447$955,455
49$957,754$864,008$837,462$986,872
50$1,010,532$861,431$820,604$1,016,376
51$1,067,278$857,313$801,766$1,047,732
52$1,128,353$851,534$780,838$1,081,131
53$1,194,152$843,966$757,703$1,116,785
54$1,265,110$834,475$732,241$1,154,930
55$1,341,704$822,917$704,324$1,195,828
56$1,424,459$809,141$673,819$1,239,769
57$1,513,951$792,986$640,589$1,287,072
58$1,610,812$774,281$604,488$1,338,096
59$1,715,741$752,847$565,364$1,393,234
60$1,829,502$728,492$523,059$1,452,924
61$1,952,937$701,014$477,408$1,517,650
62$2,086,973$670,200$428,237$1,587,948
63$2,232,628$635,823$375,367$1,664,413
64$2,391,023$597,645$318,608$1,747,701
65$2,563,389$555,412$257,763$1,838,541
66$2,751,084$508,856$192,628$1,937,738
67$2,955,601$457,696$122,987$2,046,182
68$3,178,581$401,632$48,615$2,164,859
69$3,421,832$340,348$0$2,294,859
70$3,687,345$273,511$0$2,447,230
71$3,977,309$200,768$0$2,630,708
72$4,294,137$121,748$0$2,831,270
73$4,640,481$36,056$0$3,050,630
74$5,019,266$0$0$3,290,674
75$5,433,708$0$0$3,559,727
76$5,887,351$0$0$3,858,635
77$6,384,098$0$0$4,186,010
78$6,928,244$0$0$4,544,692
79$7,524,521$0$0$4,937,809
80$8,178,141$0$0$5,368,804
81$8,894,843$0$0$5,841,472
82$9,680,948$0$0$6,359,991
83$10,543,419$0$0$6,928,964
84$11,489,926$0$0$7,553,460
85$12,528,914$0$0$8,239,063
86$13,669,691$0$0$8,991,926
87$14,922,506$0$0$9,818,823
88$16,298,651$0$0$10,727,220
89$17,810,565$0$0$11,725,340
90$19,471,952$0$0$12,822,243
91$21,297,909$0$0$14,027,908
92$23,305,069$0$0$15,353,332
93$25,511,753$0$0$16,810,629
94$27,938,151$0$0$18,413,144
95$30,606,504$0$0$20,175,583
96$33,541,316$0$0$22,114,145
97$36,769,587$0$0$24,246,682
98$40,321,064$0$0$26,592,860
99$44,228,523$0$0$29,174,347
100$48,528,076$0$0$32,015,021