Can I retire at age 48 with 830,000?

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 $830,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$68,541$67,930$67,334$66,753$66,185$65,603
2 years$33,931$33,299$32,687$32,093$31,517$30,930
3 years$22,396$21,761$21,150$20,562$19,996$19,423
4 years$16,630$15,997$15,392$14,814$14,261$13,706
5 years$13,171$12,542$11,945$11,378$10,841$10,306
6 years$10,865$10,241$9,653$9,099$8,578$8,064
7 years$9,220$8,601$8,022$7,481$6,976$6,482
8 years$7,986$7,372$6,803$6,276$5,788$5,314
9 years$7,026$6,419$5,860$5,346$4,874$4,421
10 years$6,260$5,658$5,109$4,608$4,153$3,720
11 years$5,633$5,037$4,497$4,010$3,572$3,159
12 years$5,110$4,521$3,991$3,518$3,095$2,702
13 years$4,669$4,086$3,566$3,105$2,699$2,325
14 years$4,291$3,714$3,204$2,757$2,366$2,010
15 years$3,963$3,393$2,893$2,458$2,083$1,746
16 years$3,677$3,113$2,623$2,201$1,841$1,521
17 years$3,425$2,867$2,387$1,978$1,632$1,329
18 years$3,201$2,649$2,179$1,782$1,451$1,165
19 years$3,001$2,455$1,995$1,611$1,294$1,023
20 years$2,821$2,281$1,830$1,459$1,156$900
21 years$2,658$2,125$1,684$1,324$1,034$793
22 years$2,511$1,983$1,552$1,204$927$700
23 years$2,376$1,855$1,433$1,096$832$619
24 years$2,253$1,738$1,325$1,000$748$547
25 years$2,140$1,631$1,227$913$673$485
26 years$2,036$1,533$1,138$835$606$429
27 years$1,939$1,443$1,057$764$547$381
28 years$1,850$1,359$983$700$493$338
29 years$1,767$1,283$914$642$445$300
30 years$1,690$1,211$852$589$402$267
31 years$1,617$1,145$794$541$364$237
32 years$1,550$1,083$741$497$329$211
33 years$1,486$1,026$692$457$298$187
34 years$1,427$972$646$421$270$167
35 years$1,371$922$604$387$244$148
36 years$1,318$875$565$357$221$132
37 years$1,268$831$529$329$201$118
38 years$1,221$790$495$303$182$105
39 years$1,177$751$464$279$165$93
40 years$1,135$715$435$258$150$83
41 years$1,095$680$408$238$136$74
42 years$1,057$648$383$219$123$66
43 years$1,021$617$359$203$112$59
44 years$986$589$337$187$101$52
45 years$953$561$317$173$92$47
46 years$922$535$297$160$84$42
47 years$892$511$279$147$76$37
48 years$864$488$262$136$69$33
49 years$836$466$247$126$63$30
50 years$810$445$232$116$57$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $830,000, adding $4,052 every year, while hoping to spend $35,701 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: 51/38/11 Blend
47$830,000$830,000$830,000$830,000
48$918,840$874,850$861,985$962,823
49$974,576$879,732$852,876$998,192
50$1,034,800$883,656$842,265$1,032,487
51$1,099,934$886,539$830,064$1,068,947
52$1,170,437$888,290$816,182$1,107,786
53$1,246,819$888,814$800,521$1,149,240
54$1,329,637$888,008$782,981$1,193,571
55$1,419,506$885,766$763,457$1,241,069
56$1,517,100$881,973$741,837$1,292,056
57$1,623,161$876,507$718,006$1,346,887
58$1,738,508$869,240$691,843$1,405,957
59$1,864,038$860,035$663,222$1,469,702
60$2,000,740$848,747$632,011$1,538,605
61$2,149,703$835,223$598,070$1,613,201
62$2,312,125$819,301$561,257$1,694,082
63$2,489,322$800,807$521,420$1,781,903
64$2,682,747$779,560$478,401$1,877,388
65$2,893,995$755,367$432,036$1,981,341
66$3,124,826$728,023$382,152$2,094,648
67$3,377,174$697,312$328,570$2,218,289
68$3,653,170$663,005$271,102$2,353,351
69$3,955,161$624,860$209,552$2,501,034
70$4,285,730$582,621$143,714$2,662,664
71$4,647,723$536,017$73,377$2,839,708
72$5,044,271$484,762$0$3,033,787
73$5,478,825$428,554$0$3,246,892
74$5,955,185$367,073$0$3,490,009
75$6,477,535$299,982$0$3,756,734
76$7,050,486$226,922$0$4,049,516
77$7,679,113$147,519$0$4,371,056
78$8,369,008$61,373$0$4,724,339
79$9,126,331$0$0$5,112,660
80$9,957,868$0$0$5,553,008
81$10,871,091$0$0$6,064,887
82$11,874,236$0$0$6,627,260
83$12,976,371$0$0$7,245,224
84$14,187,490$0$0$7,924,393
85$15,518,599$0$0$8,670,951
86$16,981,828$0$0$9,491,714
87$18,590,536$0$0$10,394,190
88$20,359,444$0$0$11,386,648
89$22,304,770$0$0$12,478,204
90$24,444,382$0$0$13,678,897
91$26,797,967$0$0$14,999,789
92$29,387,216$0$0$16,453,071
93$32,236,028$0$0$18,052,172
94$35,370,735$0$0$19,811,889
95$38,820,351$0$0$21,748,526
96$42,616,845$0$0$23,880,049
97$46,795,441$0$0$26,226,252
98$51,394,951$0$0$28,808,946
99$56,458,142$0$0$31,652,166
100$62,032,137$0$0$34,782,392