Can I retire at age 48 with 900,000?

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 $900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$74,321$73,659$73,013$72,383$71,767$68,974
2 years$36,793$36,107$35,443$34,799$34,175$31,395
3 years$24,285$23,597$22,934$22,296$21,682$19,002
4 years$18,032$17,346$16,690$16,063$15,464$12,905
5 years$14,281$13,599$12,952$12,338$11,755$9,324
6 years$11,782$11,105$10,467$9,867$9,302$6,999
7 years$9,997$9,326$8,698$8,112$7,565$5,390
8 years$8,659$7,994$7,377$6,805$6,276$4,227
9 years$7,619$6,960$6,354$5,796$5,285$3,359
10 years$6,787$6,135$5,539$4,997$4,503$2,697
11 years$6,108$5,462$4,877$4,348$3,873$2,182
12 years$5,541$4,902$4,328$3,814$3,356$1,776
13 years$5,063$4,430$3,867$3,367$2,927$1,452
14 years$4,653$4,027$3,474$2,989$2,565$1,192
15 years$4,298$3,679$3,137$2,666$2,259$982
16 years$3,987$3,375$2,844$2,387$1,996$811
17 years$3,714$3,108$2,588$2,145$1,770$671
18 years$3,471$2,872$2,362$1,933$1,574$556
19 years$3,254$2,662$2,163$1,746$1,403$461
20 years$3,059$2,474$1,985$1,582$1,253$383
21 years$2,883$2,304$1,826$1,436$1,121$319
22 years$2,722$2,151$1,683$1,305$1,005$265
23 years$2,577$2,012$1,554$1,189$902$221
24 years$2,443$1,885$1,437$1,084$811$184
25 years$2,320$1,769$1,331$990$730$153
26 years$2,207$1,662$1,234$905$657$128
27 years$2,103$1,564$1,146$829$593$107
28 years$2,006$1,474$1,065$759$535$89
29 years$1,916$1,391$991$696$483$74
30 years$1,832$1,313$924$639$436$62
31 years$1,754$1,242$861$587$394$52
32 years$1,680$1,175$803$539$357$43
33 years$1,612$1,113$750$496$323$36
34 years$1,547$1,054$701$456$292$30
35 years$1,487$1,000$655$420$265$25
36 years$1,429$949$613$387$240$21
37 years$1,375$902$574$356$217$18
38 years$1,324$857$537$329$197$15
39 years$1,276$815$503$303$179$12
40 years$1,230$775$472$279$162$10
41 years$1,187$738$442$258$147$9
42 years$1,146$703$415$238$133$7
43 years$1,107$670$389$220$121$6
44 years$1,069$638$366$203$110$5
45 years$1,034$609$343$187$100$4
46 years$1,000$581$322$173$91$3
47 years$968$554$303$160$82$3
48 years$937$529$285$148$75$2
49 years$907$505$267$136$68$2
50 years$879$482$251$126$62$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $900,000, adding $3,894 every year, while hoping to spend $58,131 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: 68/20/12 Blend
47$900,000$900,000$900,000$900,000
48$995,817$948,117$934,167$1,060,661
49$1,035,539$932,723$903,610$1,088,887
50$1,077,365$914,628$870,082$1,112,437
51$1,121,447$893,635$833,421$1,136,687
52$1,167,953$869,542$793,459$1,161,698
53$1,217,064$842,129$750,019$1,187,539
54$1,268,978$811,168$702,919$1,214,288
55$1,323,913$776,414$651,966$1,242,033
56$1,382,105$737,610$596,959$1,270,872
57$1,443,811$694,485$537,689$1,300,915
58$1,509,314$646,749$473,936$1,332,287
59$1,578,924$594,099$405,472$1,365,126
60$1,652,976$536,212$332,058$1,399,590
61$1,731,841$472,749$253,443$1,435,852
62$1,815,924$403,348$169,369$1,474,108
63$1,905,668$327,632$79,562$1,514,578
64$2,001,558$245,197$0$1,557,505
65$2,104,126$155,621$0$1,605,248
66$2,213,956$58,456$0$1,667,035
67$2,331,688$0$0$1,733,047
68$2,458,023$0$0$1,813,999
69$2,593,733$0$0$1,914,814
70$2,739,662$0$0$2,023,260
71$2,896,739$0$0$2,140,030
72$3,065,984$0$0$2,265,889
73$3,248,515$0$0$2,401,674
74$3,445,563$0$0$2,548,306
75$3,658,480$0$0$2,706,797
76$3,888,751$0$0$2,878,259
77$4,138,007$0$0$3,063,914
78$4,408,046$0$0$3,265,106
79$4,700,838$0$0$3,483,313
80$5,018,556$0$0$3,720,160
81$5,363,585$0$0$3,977,433
82$5,738,551$0$0$4,257,100
83$6,146,341$0$0$4,561,323
84$6,590,134$0$0$4,892,482
85$7,073,425$0$0$5,253,195
86$7,600,061$0$0$5,646,344
87$8,174,276$0$0$6,075,099
88$8,800,729$0$0$6,542,951
89$9,484,551$0$0$7,053,743
90$10,231,385$0$0$7,611,702
91$11,047,449$0$0$8,221,486
92$11,939,583$0$0$8,888,219
93$12,915,322$0$0$9,617,546
94$13,982,960$0$0$10,415,680
95$15,151,631$0$0$11,289,463
96$16,431,392$0$0$12,246,431
97$17,833,319$0$0$13,294,881
98$19,369,609$0$0$14,443,952
99$21,053,695$0$0$15,703,707
100$22,900,372$0$0$17,085,231