Can I retire at age 48 with 880,000?

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 $880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$72,670$72,022$71,391$70,774$70,172$68,337
2 years$35,975$35,305$34,656$34,026$33,415$31,579
3 years$23,745$23,072$22,425$21,801$21,200$19,420
4 years$17,631$16,961$16,319$15,706$15,120$13,410
5 years$13,964$13,297$12,664$12,064$11,494$9,859
6 years$11,520$10,858$10,235$9,648$9,095$7,536
7 years$9,775$9,119$8,505$7,932$7,397$5,914
8 years$8,467$7,816$7,213$6,654$6,136$4,729
9 years$7,450$6,806$6,213$5,668$5,168$3,835
10 years$6,637$5,999$5,416$4,886$4,403$3,143
11 years$5,972$5,340$4,768$4,252$3,787$2,597
12 years$5,418$4,793$4,232$3,729$3,281$2,161
13 years$4,950$4,332$3,781$3,293$2,862$1,807
14 years$4,549$3,937$3,397$2,923$2,508$1,518
15 years$4,202$3,597$3,067$2,607$2,209$1,280
16 years$3,899$3,300$2,781$2,334$1,952$1,082
17 years$3,631$3,039$2,530$2,097$1,731$917
18 years$3,394$2,808$2,310$1,890$1,539$779
19 years$3,182$2,603$2,115$1,708$1,372$663
20 years$2,991$2,419$1,941$1,547$1,225$565
21 years$2,818$2,253$1,785$1,404$1,096$482
22 years$2,662$2,103$1,645$1,276$983$411
23 years$2,519$1,967$1,519$1,162$882$352
24 years$2,389$1,843$1,405$1,060$793$301
25 years$2,269$1,729$1,301$968$714$257
26 years$2,158$1,625$1,207$885$643$220
27 years$2,056$1,530$1,121$810$579$189
28 years$1,961$1,441$1,042$742$523$162
29 years$1,873$1,360$969$681$472$139
30 years$1,791$1,284$903$625$427$119
31 years$1,715$1,214$842$574$386$102
32 years$1,643$1,149$785$527$349$88
33 years$1,576$1,088$733$485$316$75
34 years$1,513$1,031$685$446$286$65
35 years$1,454$978$641$411$259$55
36 years$1,398$928$599$378$235$48
37 years$1,345$882$561$349$213$41
38 years$1,295$838$525$321$193$35
39 years$1,248$797$492$296$175$30
40 years$1,203$758$461$273$159$26
41 years$1,161$721$433$252$144$22
42 years$1,120$687$406$233$131$19
43 years$1,082$655$381$215$118$16
44 years$1,046$624$357$198$108$14
45 years$1,011$595$336$183$98$12
46 years$978$568$315$169$89$10
47 years$946$542$296$156$80$9
48 years$916$517$278$144$73$8
49 years$887$494$262$133$66$7
50 years$859$472$246$123$60$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $880,000, adding $5,686 every year, while hoping to spend $44,260 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: 39/44/17 Blend
47$880,000$880,000$880,000$880,000
48$975,625$928,985$915,345$1,008,515
49$1,028,047$927,413$898,917$1,030,983
50$1,084,332$924,281$880,455$1,050,583
51$1,144,828$919,465$859,844$1,070,841
52$1,209,916$912,834$836,965$1,091,841
53$1,280,015$904,251$811,691$1,113,675
54$1,355,585$893,567$783,891$1,136,450
55$1,437,131$880,629$753,428$1,160,289
56$1,525,208$865,269$720,157$1,185,327
57$1,620,425$847,313$683,928$1,211,721
58$1,723,454$826,577$644,585$1,239,644
59$1,835,030$802,863$601,963$1,269,295
60$1,955,965$775,965$555,890$1,300,896
61$2,087,148$745,662$506,187$1,334,697
62$2,229,559$711,722$452,667$1,370,978
63$2,384,277$673,899$395,134$1,410,056
64$2,552,486$631,933$333,384$1,452,283
65$2,735,490$585,548$267,202$1,498,056
66$2,934,724$534,454$196,368$1,547,817
67$3,151,767$478,342$120,647$1,602,064
68$3,388,355$416,890$39,797$1,661,350
69$3,646,401$349,751$0$1,726,293
70$3,928,010$276,565$0$1,806,017
71$4,235,498$196,947$0$1,901,112
72$4,571,415$110,494$0$2,005,259
73$4,938,567$16,776$0$2,119,469
74$5,340,047$0$0$2,244,861
75$5,779,257$0$0$2,423,665
76$6,259,944$0$0$2,628,360
77$6,786,233$0$0$2,852,594
78$7,362,669$0$0$3,098,319
79$7,994,255$0$0$3,367,683
80$8,686,502$0$0$3,663,052
81$9,445,478$0$0$3,987,032
82$10,277,867$0$0$4,342,495
83$11,191,032$0$0$4,732,601
84$12,193,082$0$0$5,160,834
85$13,292,949$0$0$5,631,030
86$14,500,471$0$0$6,147,416
87$15,826,488$0$0$6,714,646
88$17,282,938$0$0$7,337,851
89$18,882,973$0$0$8,022,679
90$20,641,083$0$0$8,775,355
91$22,573,230$0$0$9,602,736
92$24,696,999$0$0$10,512,377
93$27,031,762$0$0$11,512,602
94$29,598,866$0$0$12,612,581
95$32,421,824$0$0$13,822,417
96$35,526,547$0$0$15,153,242
97$38,941,578$0$0$16,617,320
98$42,698,370$0$0$18,228,166
99$46,831,573$0$0$20,000,668
100$51,379,370$0$0$21,951,232