Can I retire at age 48 with 875,000?

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 $875,000?

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$72,257$71,613$70,985$70,372$69,774$68,032
2 years$35,771$35,104$34,459$33,833$33,226$31,482
3 years$23,610$22,941$22,297$21,677$21,080$19,388
4 years$17,531$16,864$16,227$15,617$15,034$13,408
5 years$13,885$13,222$12,593$11,995$11,429$9,873
6 years$11,455$10,797$10,177$9,593$9,043$7,559
7 years$9,719$9,067$8,457$7,887$7,355$5,942
8 years$8,419$7,772$7,172$6,616$6,101$4,760
9 years$7,407$6,767$6,177$5,635$5,138$3,867
10 years$6,599$5,965$5,385$4,858$4,378$3,175
11 years$5,938$5,310$4,741$4,228$3,765$2,629
12 years$5,387$4,766$4,208$3,708$3,263$2,192
13 years$4,922$4,307$3,759$3,274$2,845$1,837
14 years$4,523$3,915$3,378$2,906$2,494$1,546
15 years$4,178$3,576$3,050$2,592$2,196$1,306
16 years$3,877$3,281$2,765$2,321$1,941$1,107
17 years$3,611$3,022$2,516$2,085$1,721$940
18 years$3,375$2,792$2,297$1,879$1,530$800
19 years$3,164$2,588$2,103$1,698$1,364$682
20 years$2,974$2,405$1,930$1,538$1,218$583
21 years$2,802$2,240$1,775$1,396$1,090$498
22 years$2,647$2,091$1,636$1,269$977$426
23 years$2,505$1,956$1,510$1,156$877$365
24 years$2,375$1,832$1,397$1,054$788$313
25 years$2,256$1,720$1,294$963$709$269
26 years$2,146$1,616$1,200$880$639$231
27 years$2,044$1,521$1,114$806$576$198
28 years$1,950$1,433$1,036$738$520$170
29 years$1,863$1,352$964$677$469$146
30 years$1,781$1,277$898$621$424$126
31 years$1,705$1,207$837$571$383$108
32 years$1,634$1,142$781$524$347$93
33 years$1,567$1,082$729$482$314$80
34 years$1,504$1,025$681$444$284$69
35 years$1,445$972$637$408$257$59
36 years$1,390$923$596$376$233$51
37 years$1,337$877$558$347$211$44
38 years$1,288$833$522$319$192$38
39 years$1,241$792$489$295$174$33
40 years$1,196$754$459$272$158$28
41 years$1,154$717$430$251$143$24
42 years$1,114$683$403$231$130$21
43 years$1,076$651$379$214$118$18
44 years$1,040$620$355$197$107$15
45 years$1,005$592$334$182$97$13
46 years$972$564$313$168$88$11
47 years$941$539$294$155$80$10
48 years$911$514$277$144$73$8
49 years$882$491$260$133$66$7
50 years$854$469$244$123$60$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $875,000, adding $6,083 every year, while hoping to spend $27,240 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$875,000$875,000$875,000$875,000
48$970,525$924,150$910,587$1,030,557
49$1,040,535$940,450$912,109$1,087,591
50$1,116,773$956,636$912,768$1,146,062
51$1,199,846$972,673$912,508$1,209,183
52$1,290,422$988,525$911,268$1,277,402
53$1,389,233$1,004,151$908,984$1,351,212
54$1,497,090$1,019,510$905,590$1,431,158
55$1,614,883$1,034,555$901,017$1,517,837
56$1,743,590$1,049,238$895,190$1,611,911
57$1,884,291$1,063,505$888,034$1,714,106
58$2,038,174$1,077,302$879,468$1,825,225
59$2,206,546$1,090,568$869,408$1,946,151
60$2,390,847$1,103,239$857,767$2,077,857
61$2,592,662$1,115,247$844,451$2,221,417
62$2,813,738$1,126,518$829,365$2,378,013
63$3,055,998$1,136,976$812,406$2,548,949
64$3,321,558$1,146,536$793,471$2,735,663
65$3,612,752$1,155,111$772,447$2,939,738
66$3,932,148$1,162,607$749,219$3,162,920
67$4,282,575$1,168,923$723,666$3,407,134
68$4,667,151$1,173,954$695,662$3,674,502
69$5,089,308$1,177,585$665,074$3,967,361
70$5,552,827$1,179,696$631,764$4,288,289
71$6,061,874$1,180,160$595,587$4,640,129
72$6,621,037$1,178,840$556,391$5,026,013
73$7,235,372$1,175,592$514,019$5,449,394
74$7,910,447$1,170,263$468,306$5,914,077
75$8,652,398$1,162,691$419,079$6,424,260
76$9,467,983$1,152,703$366,159$6,984,567
77$10,364,648$1,140,116$309,356$7,600,098
78$11,350,597$1,124,737$248,474$8,276,472
79$12,434,869$1,106,360$183,309$9,019,885
80$13,627,422$1,084,768$113,646$9,837,168
81$14,939,227$1,059,730$39,262$10,735,848
82$16,382,373$1,031,002$0$11,724,225
83$17,970,180$998,326$0$12,813,586
84$19,717,322$961,427$0$14,014,249
85$21,639,970$920,018$0$15,335,247
86$23,755,939$873,791$0$16,788,846
87$26,084,861$822,423$0$18,388,566
88$28,648,366$765,571$0$20,149,310
89$31,470,288$702,874$0$22,087,503
90$34,576,890$633,947$0$24,221,250
91$37,997,110$558,387$0$26,570,505
92$41,762,833$475,765$0$29,157,262
93$45,909,195$385,631$0$32,005,763
94$50,474,912$287,507$0$35,142,727
95$55,502,647$180,888$0$38,597,602
96$61,039,408$65,243$0$42,402,848
97$67,136,997$0$0$46,594,239
98$73,852,495$0$0$51,232,330
99$81,248,800$0$0$56,366,013
100$89,395,224$0$0$62,020,433