Can I retire at age 48 with 860,000?

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 $860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$71,018$70,385$69,768$69,166$68,578$65,961
2 years$35,157$34,503$33,868$33,253$32,656$30,051
3 years$23,205$22,548$21,915$21,305$20,718$18,206
4 years$17,231$16,575$15,948$15,349$14,776$12,377
5 years$13,647$12,995$12,377$11,790$11,233$8,951
6 years$11,258$10,611$10,002$9,428$8,888$6,727
7 years$9,553$8,911$8,312$7,752$7,228$5,187
8 years$8,274$7,639$7,049$6,503$5,997$4,072
9 years$7,280$6,651$6,071$5,539$5,050$3,240
10 years$6,486$5,862$5,293$4,774$4,303$2,604
11 years$5,836$5,219$4,660$4,155$3,701$2,110
12 years$5,295$4,684$4,136$3,645$3,207$1,719
13 years$4,838$4,233$3,695$3,218$2,796$1,408
14 years$4,446$3,848$3,320$2,856$2,451$1,158
15 years$4,107$3,515$2,997$2,547$2,158$955
16 years$3,810$3,225$2,718$2,281$1,908$789
17 years$3,549$2,970$2,473$2,049$1,691$654
18 years$3,317$2,745$2,257$1,847$1,504$543
19 years$3,109$2,544$2,067$1,669$1,340$451
20 years$2,923$2,364$1,897$1,511$1,197$375
21 years$2,754$2,202$1,745$1,372$1,071$313
22 years$2,601$2,055$1,608$1,247$960$261
23 years$2,462$1,922$1,485$1,136$862$217
24 years$2,334$1,801$1,373$1,036$775$181
25 years$2,217$1,690$1,272$946$697$151
26 years$2,109$1,588$1,179$865$628$126
27 years$2,009$1,495$1,095$792$566$106
28 years$1,917$1,409$1,018$725$511$88
29 years$1,831$1,329$947$665$461$74
30 years$1,751$1,255$882$611$417$62
31 years$1,676$1,186$823$561$377$52
32 years$1,606$1,123$768$515$341$43
33 years$1,540$1,063$717$474$309$36
34 years$1,479$1,008$670$436$279$30
35 years$1,421$956$626$401$253$25
36 years$1,366$907$586$370$229$21
37 years$1,314$861$548$341$208$18
38 years$1,266$819$513$314$188$15
39 years$1,219$779$481$289$171$12
40 years$1,176$741$451$267$155$10
41 years$1,134$705$423$246$141$9
42 years$1,095$671$397$227$128$7
43 years$1,057$640$372$210$116$6
44 years$1,022$610$349$194$105$5
45 years$988$582$328$179$95$4
46 years$955$555$308$165$87$4
47 years$925$529$289$153$79$3
48 years$895$505$272$141$71$2
49 years$867$483$256$130$65$2
50 years$840$461$240$121$59$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $860,000, adding $2,197 every year, while hoping to spend $26,624 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: 63/32/5 Blend
47$860,000$860,000$860,000$860,000
48$949,986$904,406$891,076$1,008,990
49$1,018,557$920,394$892,600$1,064,538
50$1,093,230$936,274$893,282$1,121,819
51$1,174,599$952,011$893,066$1,183,657
52$1,263,318$967,569$891,894$1,250,491
53$1,360,107$982,911$889,703$1,322,804
54$1,465,759$997,994$886,429$1,401,130
55$1,581,145$1,012,774$882,003$1,486,056
56$1,707,225$1,027,204$876,353$1,578,228
57$1,845,057$1,041,232$869,406$1,678,360
58$1,995,804$1,054,804$861,083$1,787,237
59$2,160,748$1,067,861$851,301$1,905,724
60$2,341,300$1,080,341$839,975$2,034,777
61$2,539,012$1,092,178$827,014$2,175,447
62$2,755,597$1,103,300$812,324$2,328,893
63$2,992,937$1,113,632$795,807$2,496,393
64$3,253,109$1,123,092$777,359$2,679,355
65$3,538,398$1,131,595$756,871$2,879,331
66$3,851,320$1,139,049$734,232$3,098,032
67$4,194,649$1,145,356$709,323$3,337,345
68$4,571,438$1,150,413$682,020$3,599,348
69$4,985,050$1,154,109$652,194$3,886,334
70$5,439,192$1,156,328$619,709$4,200,828
71$5,937,945$1,156,943$584,425$4,545,615
72$6,485,806$1,155,823$546,193$4,923,765
73$7,087,727$1,152,827$504,859$5,338,661
74$7,749,165$1,147,806$460,262$5,794,035
75$8,476,133$1,140,601$412,234$6,293,997
76$9,275,253$1,131,045$360,598$6,843,081
77$10,153,821$1,118,959$305,171$7,446,283
78$11,119,877$1,104,154$245,760$8,109,111
79$12,182,278$1,086,431$182,166$8,837,637
80$13,350,780$1,065,576$114,179$9,638,552
81$14,636,136$1,041,366$41,580$10,519,236
82$16,050,191$1,013,562$0$11,487,819
83$17,605,997$981,912$0$12,555,182
84$19,317,933$946,151$0$13,731,783
85$21,201,844$905,994$0$15,026,307
86$23,275,190$861,145$0$16,450,774
87$25,557,205$811,288$0$18,018,434
88$28,069,086$756,087$0$19,743,890
89$30,834,188$695,190$0$21,643,238
90$33,878,246$628,225$0$23,734,218
91$37,229,614$554,795$0$26,036,386
92$40,919,540$474,485$0$28,571,293
93$44,982,452$386,854$0$31,362,696
94$49,456,288$291,436$0$34,436,776
95$54,382,852$187,739$0$37,822,392
96$59,808,210$75,245$0$41,551,350
97$65,783,121$0$0$45,658,707
98$72,363,519$0$0$50,199,510
99$79,611,039$0$0$55,229,926
100$87,593,599$0$0$60,770,611