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%16.1%
1 years$70,192$69,567$68,957$68,362$67,780$66,088
2 years$34,749$34,101$33,474$32,866$32,276$30,582
3 years$22,936$22,286$21,660$21,058$20,477$18,834
4 years$17,030$16,382$15,763$15,171$14,605$13,025
5 years$13,488$12,844$12,233$11,653$11,102$9,591
6 years$11,127$10,488$9,886$9,319$8,785$7,343
7 years$9,442$8,808$8,215$7,661$7,144$5,772
8 years$8,178$7,550$6,967$6,427$5,927$4,624
9 years$7,196$6,574$6,001$5,474$4,991$3,756
10 years$6,410$5,794$5,232$4,719$4,253$3,084
11 years$5,768$5,158$4,606$4,107$3,658$2,554
12 years$5,234$4,630$4,088$3,602$3,170$2,129
13 years$4,781$4,184$3,652$3,180$2,764$1,784
14 years$4,394$3,803$3,281$2,823$2,423$1,502
15 years$4,059$3,474$2,963$2,518$2,133$1,269
16 years$3,766$3,188$2,686$2,254$1,885$1,075
17 years$3,507$2,936$2,444$2,026$1,672$913
18 years$3,278$2,713$2,231$1,825$1,486$777
19 years$3,073$2,514$2,043$1,649$1,325$663
20 years$2,889$2,336$1,875$1,494$1,183$566
21 years$2,722$2,176$1,724$1,356$1,059$484
22 years$2,571$2,031$1,589$1,233$949$414
23 years$2,433$1,900$1,467$1,123$852$355
24 years$2,307$1,780$1,357$1,024$766$304
25 years$2,191$1,670$1,257$935$689$261
26 years$2,085$1,570$1,166$855$621$224
27 years$1,986$1,478$1,082$783$560$192
28 years$1,894$1,392$1,006$717$505$165
29 years$1,809$1,313$936$658$456$142
30 years$1,730$1,240$872$603$412$122
31 years$1,656$1,173$813$554$373$105
32 years$1,587$1,109$759$509$337$90
33 years$1,522$1,051$708$468$305$78
34 years$1,461$996$662$431$276$67
35 years$1,404$945$619$397$250$58
36 years$1,350$897$579$365$227$50
37 years$1,299$851$542$337$205$43
38 years$1,251$809$507$310$186$37
39 years$1,205$769$475$286$169$32
40 years$1,162$732$446$264$153$27
41 years$1,121$697$418$243$139$23
42 years$1,082$664$392$225$126$20
43 years$1,045$632$368$207$114$17
44 years$1,010$603$345$192$104$15
45 years$976$575$324$177$94$13
46 years$944$548$304$163$86$11
47 years$914$523$286$151$78$10
48 years$885$500$269$139$71$8
49 years$857$477$253$129$64$7
50 years$830$456$238$119$58$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $850,000, adding $2,119 every year, while hoping to spend $53,072 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: 68/10/22 Blend
47$850,000$850,000$850,000$850,000
48$938,886$893,836$880,661$997,384
49$978,184$881,166$853,695$1,024,160
50$1,019,712$866,096$824,047$1,047,103
51$1,063,641$848,453$791,570$1,070,936
52$1,110,158$828,053$756,114$1,095,747
53$1,159,467$804,701$717,517$1,121,632
54$1,211,793$778,191$675,614$1,148,698
55$1,267,378$748,305$630,229$1,177,067
56$1,326,491$714,812$581,182$1,206,874
57$1,389,423$677,468$528,282$1,238,268
58$1,456,495$636,014$471,330$1,271,417
59$1,528,056$590,178$410,118$1,306,508
60$1,604,492$539,670$344,431$1,343,750
61$1,686,221$484,186$274,041$1,383,374
62$1,773,707$423,401$198,712$1,425,639
63$1,867,454$356,977$118,198$1,470,832
64$1,968,017$284,552$32,240$1,519,273
65$2,076,005$205,745$0$1,571,316
66$2,192,086$120,156$0$1,641,323
67$2,316,994$27,358$0$1,724,750
68$2,451,534$0$0$1,814,579
69$2,596,591$0$0$1,919,464
70$2,753,136$0$0$2,035,944
71$2,922,237$0$0$2,161,806
72$3,105,067$0$0$2,297,930
73$3,302,916$0$0$2,445,280
74$3,517,201$0$0$2,604,918
75$3,749,480$0$0$2,778,011
76$4,001,468$0$0$2,965,842
77$4,275,050$0$0$3,169,823
78$4,572,298$0$0$3,391,507
79$4,895,493$0$0$3,632,600
80$5,247,144$0$0$3,894,983
81$5,630,010$0$0$4,180,722
82$6,047,131$0$0$4,492,092
83$6,501,847$0$0$4,831,598
84$6,997,839$0$0$5,201,995
85$7,539,156$0$0$5,606,316
86$8,130,254$0$0$6,047,899
87$8,776,040$0$0$6,530,421
88$9,481,917$0$0$7,057,928
89$10,253,830$0$0$7,634,875
90$11,098,329$0$0$8,266,167
91$12,022,623$0$0$8,957,206
92$13,034,651$0$0$9,713,939
93$14,143,155$0$0$10,542,916
94$15,357,765$0$0$11,451,351
95$16,689,084$0$0$12,447,188
96$18,148,789$0$0$13,539,176
97$19,749,742$0$0$14,736,951
98$21,506,111$0$0$16,051,128
99$23,433,499$0$0$17,493,398
100$25,549,095$0$0$19,076,638