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%15.4%
1 years$71,018$70,385$69,768$69,166$68,578$67,056
2 years$35,157$34,503$33,868$33,253$32,656$31,131
3 years$23,205$22,548$21,915$21,305$20,718$19,237
4 years$17,231$16,575$15,948$15,349$14,776$13,351
5 years$13,647$12,995$12,377$11,790$11,233$9,867
6 years$11,258$10,611$10,002$9,428$8,888$7,583
7 years$9,553$8,911$8,312$7,752$7,228$5,985
8 years$8,274$7,639$7,049$6,503$5,997$4,814
9 years$7,280$6,651$6,071$5,539$5,050$3,927
10 years$6,486$5,862$5,293$4,774$4,303$3,239
11 years$5,836$5,219$4,660$4,155$3,701$2,694
12 years$5,295$4,684$4,136$3,645$3,207$2,256
13 years$4,838$4,233$3,695$3,218$2,796$1,899
14 years$4,446$3,848$3,320$2,856$2,451$1,606
15 years$4,107$3,515$2,997$2,547$2,158$1,364
16 years$3,810$3,225$2,718$2,281$1,908$1,161
17 years$3,549$2,970$2,473$2,049$1,691$991
18 years$3,317$2,745$2,257$1,847$1,504$848
19 years$3,109$2,544$2,067$1,669$1,340$727
20 years$2,923$2,364$1,897$1,511$1,197$624
21 years$2,754$2,202$1,745$1,372$1,071$537
22 years$2,601$2,055$1,608$1,247$960$462
23 years$2,462$1,922$1,485$1,136$862$398
24 years$2,334$1,801$1,373$1,036$775$343
25 years$2,217$1,690$1,272$946$697$296
26 years$2,109$1,588$1,179$865$628$255
27 years$2,009$1,495$1,095$792$566$221
28 years$1,917$1,409$1,018$725$511$191
29 years$1,831$1,329$947$665$461$165
30 years$1,751$1,255$882$611$417$142
31 years$1,676$1,186$823$561$377$123
32 years$1,606$1,123$768$515$341$107
33 years$1,540$1,063$717$474$309$92
34 years$1,479$1,008$670$436$279$80
35 years$1,421$956$626$401$253$69
36 years$1,366$907$586$370$229$60
37 years$1,314$861$548$341$208$52
38 years$1,266$819$513$314$188$45
39 years$1,219$779$481$289$171$39
40 years$1,176$741$451$267$155$34
41 years$1,134$705$423$246$141$29
42 years$1,095$671$397$227$128$25
43 years$1,057$640$372$210$116$22
44 years$1,022$610$349$194$105$19
45 years$988$582$328$179$95$16
46 years$955$555$308$165$87$14
47 years$925$529$289$153$79$12
48 years$895$505$272$141$71$11
49 years$867$483$256$130$65$9
50 years$840$461$240$121$59$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $860,000, adding $2,390 every year, while hoping to spend $39,274 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: 81/9/10 Blend
47$860,000$860,000$860,000$860,000
48$950,185$904,605$891,275$1,025,449
49$1,005,317$907,144$879,346$1,077,667
50$1,064,756$908,490$865,700$1,129,559
51$1,128,900$908,545$850,240$1,185,345
52$1,198,185$907,202$832,861$1,245,394
53$1,273,094$904,348$813,456$1,310,115
54$1,354,153$899,865$791,910$1,379,954
55$1,441,943$893,624$768,105$1,455,407
56$1,537,102$885,493$741,917$1,537,017
57$1,640,331$875,327$713,217$1,625,383
58$1,752,404$862,977$681,868$1,721,168
59$1,874,167$848,281$647,729$1,825,098
60$2,006,555$831,070$610,651$1,937,976
61$2,150,596$811,164$570,480$2,060,685
62$2,307,419$788,373$527,053$2,194,201
63$2,478,267$762,495$480,201$2,339,597
64$2,664,511$733,318$429,748$2,498,056
65$2,867,655$700,614$375,509$2,670,883
66$3,089,358$664,147$317,290$2,859,515
67$3,331,444$623,662$254,891$3,065,537
68$3,595,923$578,893$188,102$3,290,695
69$3,885,006$529,557$116,702$3,536,913
70$4,201,128$475,357$40,463$3,806,315
71$4,546,969$415,976$0$4,101,237
72$4,925,482$351,081$0$4,428,623
73$5,339,917$280,319$0$4,791,841
74$5,793,854$203,320$0$5,189,729
75$6,291,234$119,690$0$5,625,767
76$6,836,399$29,013$0$6,103,793
77$7,434,129$0$0$6,628,033
78$8,089,691$0$0$7,209,990
79$8,808,885$0$0$7,851,609
80$9,598,099$0$0$8,555,719
81$10,464,370$0$0$9,328,600
82$11,415,449$0$0$10,177,171
83$12,459,876$0$0$11,109,054
84$13,607,056$0$0$12,132,644
85$14,867,350$0$0$13,257,190
86$16,252,175$0$0$14,492,880
87$17,774,104$0$0$15,850,940
88$19,446,993$0$0$17,343,735
89$21,286,105$0$0$18,984,889
90$23,308,255$0$0$20,789,411
91$25,531,969$0$0$22,773,839
92$27,977,660$0$0$24,956,392
93$30,667,817$0$0$27,357,143
94$33,627,217$0$0$29,998,210
95$36,883,162$0$0$32,903,960
96$40,465,731$0$0$36,101,244
97$44,408,067$0$0$39,619,645
98$48,746,688$0$0$43,491,759
99$53,521,833$0$0$47,753,503
100$58,777,836$0$0$52,444,450