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%12.8%
1 years$74,321$73,659$73,013$72,383$71,767$70,929
2 years$36,793$36,107$35,443$34,799$34,175$33,331
3 years$24,285$23,597$22,934$22,296$21,682$20,859
4 years$18,032$17,346$16,690$16,063$15,464$14,668
5 years$14,281$13,599$12,952$12,338$11,755$10,989
6 years$11,782$11,105$10,467$9,867$9,302$8,566
7 years$9,997$9,326$8,698$8,112$7,565$6,859
8 years$8,659$7,994$7,377$6,805$6,276$5,601
9 years$7,619$6,960$6,354$5,796$5,285$4,640
10 years$6,787$6,135$5,539$4,997$4,503$3,888
11 years$6,108$5,462$4,877$4,348$3,873$3,287
12 years$5,541$4,902$4,328$3,814$3,356$2,799
13 years$5,063$4,430$3,867$3,367$2,927$2,398
14 years$4,653$4,027$3,474$2,989$2,565$2,064
15 years$4,298$3,679$3,137$2,666$2,259$1,784
16 years$3,987$3,375$2,844$2,387$1,996$1,547
17 years$3,714$3,108$2,588$2,145$1,770$1,345
18 years$3,471$2,872$2,362$1,933$1,574$1,173
19 years$3,254$2,662$2,163$1,746$1,403$1,025
20 years$3,059$2,474$1,985$1,582$1,253$897
21 years$2,883$2,304$1,826$1,436$1,121$786
22 years$2,722$2,151$1,683$1,305$1,005$690
23 years$2,577$2,012$1,554$1,189$902$607
24 years$2,443$1,885$1,437$1,084$811$534
25 years$2,320$1,769$1,331$990$730$470
26 years$2,207$1,662$1,234$905$657$414
27 years$2,103$1,564$1,146$829$593$365
28 years$2,006$1,474$1,065$759$535$323
29 years$1,916$1,391$991$696$483$285
30 years$1,832$1,313$924$639$436$252
31 years$1,754$1,242$861$587$394$222
32 years$1,680$1,175$803$539$357$197
33 years$1,612$1,113$750$496$323$174
34 years$1,547$1,054$701$456$292$154
35 years$1,487$1,000$655$420$265$136
36 years$1,429$949$613$387$240$120
37 years$1,375$902$574$356$217$107
38 years$1,324$857$537$329$197$94
39 years$1,276$815$503$303$179$84
40 years$1,230$775$472$279$162$74
41 years$1,187$738$442$258$147$66
42 years$1,146$703$415$238$133$58
43 years$1,107$670$389$220$121$51
44 years$1,069$638$366$203$110$46
45 years$1,034$609$343$187$100$40
46 years$1,000$581$322$173$91$36
47 years$968$554$303$160$82$32
48 years$937$529$285$148$75$28
49 years$907$505$267$136$68$25
50 years$879$482$251$126$62$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $900,000, adding $6,913 every year, while hoping to spend $20,787 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: 56/16/28 Blend
47$900,000$900,000$900,000$900,000
48$998,931$951,231$937,281$1,046,815
49$1,078,704$975,724$946,562$1,105,016
50$1,165,918$1,000,720$955,458$1,165,659
51$1,261,310$1,026,223$963,934$1,231,313
52$1,365,689$1,052,234$971,952$1,302,469
53$1,479,951$1,078,755$979,474$1,379,667
54$1,605,079$1,105,787$986,459$1,463,503
55$1,742,156$1,133,330$992,865$1,554,633
56$1,892,377$1,161,383$998,646$1,653,781
57$2,057,053$1,189,946$1,003,755$1,761,743
58$2,237,635$1,219,015$1,008,142$1,879,398
59$2,435,714$1,248,587$1,011,755$2,007,714
60$2,653,047$1,278,658$1,014,540$2,147,759
61$2,891,569$1,309,223$1,016,438$2,300,707
62$3,153,409$1,340,275$1,017,388$2,467,856
63$3,440,913$1,371,806$1,017,328$2,650,633
64$3,756,668$1,403,806$1,016,190$2,850,613
65$4,103,521$1,436,265$1,013,905$3,069,532
66$4,484,608$1,469,169$1,010,398$3,309,301
67$4,903,385$1,502,506$1,005,594$3,572,030
68$5,363,661$1,536,259$999,412$3,860,042
69$5,869,628$1,570,410$991,766$4,175,897
70$6,425,909$1,604,939$982,569$4,522,419
71$7,037,594$1,639,823$971,728$4,902,719
72$7,710,293$1,675,039$959,144$5,320,227
73$8,450,185$1,710,558$944,718$5,778,722
74$9,264,080$1,746,351$928,342$6,282,370
75$10,159,479$1,782,385$909,904$6,835,764
76$11,144,648$1,818,624$889,288$7,443,964
77$12,228,695$1,855,030$866,373$8,112,550
78$13,421,654$1,891,559$841,029$8,847,669
79$14,734,583$1,928,165$813,123$9,656,100
80$16,179,664$1,964,799$782,516$10,545,311
81$17,770,322$2,001,406$749,062$11,523,536
82$19,521,346$2,037,926$712,608$12,599,849
83$21,449,037$2,074,298$672,993$13,784,250
84$23,571,352$2,110,452$630,052$15,087,763
85$25,908,080$2,146,314$583,609$16,522,538
86$28,481,027$2,181,806$533,482$18,101,964
87$31,314,219$2,216,843$479,482$19,840,801
88$34,434,133$2,251,332$421,408$21,755,314
89$37,869,943$2,285,176$359,054$23,863,431
90$41,653,797$2,318,269$292,202$26,184,911
91$45,821,120$2,350,499$220,625$28,741,530
92$50,410,946$2,381,745$144,088$31,557,290
93$55,466,290$2,411,879$62,343$34,658,644
94$61,034,553$2,440,762$0$38,074,743
95$67,167,966$2,468,248$0$41,845,158
96$73,924,085$2,494,179$0$46,018,223
97$81,366,335$2,518,387$0$50,614,404
98$89,564,608$2,540,695$0$55,676,802
99$98,595,921$2,560,911$0$61,252,914
100$108,545,142$2,578,833$0$67,395,079