Can I retire at age 48 with 850,000?

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 $850,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$70,192$69,567$68,957$68,362$67,780$67,044
2 years$34,749$34,101$33,474$32,866$32,276$31,535
3 years$22,936$22,286$21,660$21,058$20,477$19,755
4 years$17,030$16,382$15,763$15,171$14,605$13,905
5 years$13,488$12,844$12,233$11,653$11,102$10,428
6 years$11,127$10,488$9,886$9,319$8,785$8,137
7 years$9,442$8,808$8,215$7,661$7,144$6,524
8 years$8,178$7,550$6,967$6,427$5,927$5,333
9 years$7,196$6,574$6,001$5,474$4,991$4,424
10 years$6,410$5,794$5,232$4,719$4,253$3,711
11 years$5,768$5,158$4,606$4,107$3,658$3,141
12 years$5,234$4,630$4,088$3,602$3,170$2,678
13 years$4,781$4,184$3,652$3,180$2,764$2,297
14 years$4,394$3,803$3,281$2,823$2,423$1,980
15 years$4,059$3,474$2,963$2,518$2,133$1,713
16 years$3,766$3,188$2,686$2,254$1,885$1,488
17 years$3,507$2,936$2,444$2,026$1,672$1,296
18 years$3,278$2,713$2,231$1,825$1,486$1,131
19 years$3,073$2,514$2,043$1,649$1,325$990
20 years$2,889$2,336$1,875$1,494$1,183$868
21 years$2,722$2,176$1,724$1,356$1,059$762
22 years$2,571$2,031$1,589$1,233$949$670
23 years$2,433$1,900$1,467$1,123$852$590
24 years$2,307$1,780$1,357$1,024$766$520
25 years$2,191$1,670$1,257$935$689$458
26 years$2,085$1,570$1,166$855$621$405
27 years$1,986$1,478$1,082$783$560$357
28 years$1,894$1,392$1,006$717$505$316
29 years$1,809$1,313$936$658$456$279
30 years$1,730$1,240$872$603$412$247
31 years$1,656$1,173$813$554$373$219
32 years$1,587$1,109$759$509$337$194
33 years$1,522$1,051$708$468$305$172
34 years$1,461$996$662$431$276$152
35 years$1,404$945$619$397$250$135
36 years$1,350$897$579$365$227$120
37 years$1,299$851$542$337$205$106
38 years$1,251$809$507$310$186$94
39 years$1,205$769$475$286$169$83
40 years$1,162$732$446$264$153$74
41 years$1,121$697$418$243$139$66
42 years$1,082$664$392$225$126$58
43 years$1,045$632$368$207$114$52
44 years$1,010$603$345$192$104$46
45 years$976$575$324$177$94$41
46 years$944$548$304$163$86$36
47 years$914$523$286$151$78$32
48 years$885$500$269$139$71$28
49 years$857$477$253$129$64$25
50 years$830$456$238$119$58$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $850,000, adding $6,103 every year, while hoping to spend $30,040 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: 34/47/19 Blend
47$850,000$850,000$850,000$850,000
48$942,995$897,945$884,770$969,370
49$1,007,218$909,982$882,448$1,001,363
50$1,076,986$921,602$879,041$1,032,628
51$1,152,830$932,753$874,481$1,065,714
52$1,235,340$943,379$868,697$1,100,801
53$1,325,161$953,421$861,614$1,138,086
54$1,423,004$962,815$853,155$1,177,789
55$1,529,651$971,493$843,236$1,220,154
56$1,645,963$979,384$831,772$1,265,451
57$1,772,888$986,411$818,674$1,313,980
58$1,911,469$992,492$803,846$1,366,072
59$2,062,855$997,540$787,190$1,422,097
60$2,228,309$1,001,462$768,604$1,482,461
61$2,409,223$1,004,160$747,979$1,547,617
62$2,607,130$1,005,530$725,202$1,618,065
63$2,823,716$1,005,460$700,155$1,694,359
64$3,060,840$1,003,832$672,715$1,777,113
65$3,320,547$1,000,521$642,753$1,867,007
66$3,605,090$995,395$610,133$1,964,793
67$3,916,952$988,311$574,714$2,071,303
68$4,258,863$979,121$536,350$2,187,459
69$4,633,835$967,665$494,885$2,314,280
70$5,045,182$953,777$450,159$2,452,893
71$5,496,555$937,276$402,004$2,604,546
72$5,991,976$917,975$350,244$2,770,618
73$6,535,875$895,674$294,695$2,952,635
74$7,133,133$870,160$235,166$3,152,283
75$7,789,125$841,210$171,456$3,371,426
76$8,509,773$808,587$103,357$3,612,126
77$9,301,601$772,039$30,651$3,876,661
78$10,171,796$731,301$0$4,167,548
79$11,128,276$686,091$0$4,497,085
80$12,179,765$636,114$0$4,866,079
81$13,335,872$581,055$0$5,271,754
82$14,607,185$520,581$0$5,717,916
83$16,005,371$454,342$0$6,208,760
84$17,543,282$381,968$0$6,748,919
85$19,235,078$303,066$0$7,343,506
86$21,096,363$217,223$0$7,998,162
87$23,144,327$124,002$0$8,719,113
88$25,397,912$22,942$0$9,513,227
89$27,877,987$0$0$10,388,084
90$30,607,549$0$0$11,396,755
91$33,611,936$0$0$12,520,193
92$36,919,066$0$0$13,756,992
93$40,559,703$0$0$15,118,677
94$44,567,744$0$0$16,617,946
95$48,980,540$0$0$18,268,790
96$53,839,248$0$0$20,086,629
97$59,189,220$0$0$22,088,452
98$65,080,427$0$0$24,292,979
99$71,567,935$0$0$26,720,841
100$78,712,422$0$0$29,394,769