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%12.4%
1 years$68,541$67,930$67,334$66,753$66,185$65,521
2 years$33,931$33,299$32,687$32,093$31,517$30,848
3 years$22,396$21,761$21,150$20,562$19,996$19,343
4 years$16,630$15,997$15,392$14,814$14,261$13,629
5 years$13,171$12,542$11,945$11,378$10,841$10,232
6 years$10,865$10,241$9,653$9,099$8,578$7,993
7 years$9,220$8,601$8,022$7,481$6,976$6,415
8 years$7,986$7,372$6,803$6,276$5,788$5,250
9 years$7,026$6,419$5,860$5,346$4,874$4,360
10 years$6,260$5,658$5,109$4,608$4,153$3,662
11 years$5,633$5,037$4,497$4,010$3,572$3,104
12 years$5,110$4,521$3,991$3,518$3,095$2,650
13 years$4,669$4,086$3,566$3,105$2,699$2,276
14 years$4,291$3,714$3,204$2,757$2,366$1,964
15 years$3,963$3,393$2,893$2,458$2,083$1,702
16 years$3,677$3,113$2,623$2,201$1,841$1,480
17 years$3,425$2,867$2,387$1,978$1,632$1,291
18 years$3,201$2,649$2,179$1,782$1,451$1,128
19 years$3,001$2,455$1,995$1,611$1,294$989
20 years$2,821$2,281$1,830$1,459$1,156$868
21 years$2,658$2,125$1,684$1,324$1,034$763
22 years$2,511$1,983$1,552$1,204$927$672
23 years$2,376$1,855$1,433$1,096$832$593
24 years$2,253$1,738$1,325$1,000$748$523
25 years$2,140$1,631$1,227$913$673$462
26 years$2,036$1,533$1,138$835$606$408
27 years$1,939$1,443$1,057$764$547$361
28 years$1,850$1,359$983$700$493$320
29 years$1,767$1,283$914$642$445$283
30 years$1,690$1,211$852$589$402$251
31 years$1,617$1,145$794$541$364$223
32 years$1,550$1,083$741$497$329$198
33 years$1,486$1,026$692$457$298$175
34 years$1,427$972$646$421$270$156
35 years$1,371$922$604$387$244$138
36 years$1,318$875$565$357$221$123
37 years$1,268$831$529$329$201$109
38 years$1,221$790$495$303$182$97
39 years$1,177$751$464$279$165$86
40 years$1,135$715$435$258$150$76
41 years$1,095$680$408$238$136$68
42 years$1,057$648$383$219$123$60
43 years$1,021$617$359$203$112$54
44 years$986$589$337$187$101$48
45 years$953$561$317$173$92$42
46 years$922$535$297$160$84$38
47 years$892$511$279$147$76$34
48 years$864$488$262$136$69$30
49 years$836$466$247$126$63$27
50 years$810$445$232$116$57$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $830,000, adding $5,659 every year, while hoping to spend $57,670 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: 34/40/26 Blend
47$830,000$830,000$830,000$830,000
48$920,497$876,507$863,642$944,376
49$953,028$858,096$831,214$944,358
50$986,943$836,849$795,766$938,747
51$1,022,324$812,568$757,137$931,561
52$1,059,258$785,040$715,158$922,697
53$1,097,837$754,042$669,651$912,051
54$1,138,163$719,337$620,431$899,510
55$1,180,346$680,674$567,305$884,959
56$1,224,503$637,789$510,072$868,277
57$1,270,763$590,401$448,519$849,337
58$1,319,263$538,214$382,428$828,008
59$1,370,156$480,914$311,567$804,153
60$1,423,604$418,171$235,697$777,631
61$1,479,786$349,635$154,566$748,294
62$1,538,893$274,936$67,913$715,989
63$1,601,136$193,685$0$680,558
64$1,666,745$105,468$0$648,650
65$1,735,968$9,851$0$633,832
66$1,809,077$0$0$617,153
67$1,886,368$0$0$639,729
68$1,968,166$0$0$668,264
69$2,054,822$0$0$698,554
70$2,146,723$0$0$730,740
71$2,244,291$0$0$764,978
72$2,347,986$0$0$801,440
73$2,458,314$0$0$840,311
74$2,575,827$0$0$881,796
75$2,701,129$0$0$926,120
76$2,834,883$0$0$973,528
77$2,977,814$0$0$1,024,289
78$3,130,718$0$0$1,078,699
79$3,294,468$0$0$1,137,081
80$3,470,018$0$0$1,199,792
81$3,658,420$0$0$1,267,221
82$3,860,824$0$0$1,339,797
83$4,078,494$0$0$1,417,990
84$4,312,819$0$0$1,502,318
85$4,565,321$0$0$1,593,347
86$4,837,676$0$0$1,691,701
87$5,131,722$0$0$1,798,066
88$5,449,479$0$0$1,913,196
89$5,793,169$0$0$2,037,918
90$6,165,232$0$0$2,173,144
91$6,568,352$0$0$2,319,874
92$7,005,479$0$0$2,479,211
93$7,479,860$0$0$2,652,365
94$7,995,061$0$0$2,840,670
95$8,555,009$0$0$3,045,591
96$9,164,021$0$0$3,268,742
97$9,826,850$0$0$3,511,899
98$10,548,722$0$0$3,777,014
99$11,335,391$0$0$4,066,239
100$12,193,187$0$0$4,381,939