Can I retire at age 48 with 920,000?

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 $920,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$75,973$75,296$74,636$73,991$73,362$71,705
2 years$37,610$36,910$36,231$35,573$34,934$33,274
3 years$24,824$24,121$23,444$22,792$22,164$20,552
4 years$18,433$17,731$17,061$16,420$15,807$14,256
5 years$14,599$13,902$13,240$12,612$12,017$10,530
6 years$12,044$11,352$10,700$10,086$9,508$8,089
7 years$10,219$9,533$8,892$8,292$7,733$6,380
8 years$8,852$8,172$7,541$6,956$6,415$5,129
9 years$7,788$7,115$6,495$5,925$5,402$4,182
10 years$6,938$6,271$5,662$5,108$4,603$3,446
11 years$6,243$5,583$4,985$4,445$3,959$2,865
12 years$5,664$5,011$4,424$3,899$3,431$2,397
13 years$5,175$4,529$3,953$3,442$2,992$2,017
14 years$4,756$4,116$3,552$3,056$2,622$1,705
15 years$4,393$3,760$3,207$2,725$2,309$1,446
16 years$4,076$3,450$2,907$2,440$2,041$1,231
17 years$3,796$3,177$2,645$2,192$1,809$1,050
18 years$3,548$2,936$2,415$1,976$1,609$898
19 years$3,326$2,721$2,211$1,785$1,434$769
20 years$3,127$2,529$2,029$1,617$1,281$660
21 years$2,947$2,355$1,866$1,467$1,146$567
22 years$2,783$2,199$1,720$1,334$1,027$487
23 years$2,634$2,056$1,588$1,215$922$419
24 years$2,497$1,927$1,469$1,108$829$361
25 years$2,372$1,808$1,360$1,012$746$311
26 years$2,256$1,699$1,262$925$672$269
27 years$2,150$1,599$1,172$847$606$232
28 years$2,050$1,507$1,089$776$547$200
29 years$1,958$1,422$1,014$712$494$173
30 years$1,873$1,343$944$653$446$149
31 years$1,793$1,269$880$600$403$129
32 years$1,718$1,201$821$551$365$112
33 years$1,648$1,137$767$507$330$96
34 years$1,582$1,078$716$466$299$83
35 years$1,520$1,022$670$429$271$72
36 years$1,461$970$627$395$245$62
37 years$1,406$922$586$364$222$54
38 years$1,354$876$549$336$202$47
39 years$1,305$833$515$310$183$40
40 years$1,258$792$482$286$166$35
41 years$1,213$754$452$264$150$30
42 years$1,171$718$424$243$136$26
43 years$1,131$684$398$224$124$23
44 years$1,093$652$374$207$112$20
45 years$1,057$622$351$191$102$17
46 years$1,022$593$330$177$93$15
47 years$989$566$310$163$84$13
48 years$957$541$291$151$76$11
49 years$927$516$273$140$69$10
50 years$898$493$257$129$63$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $920,000, adding $4,547 every year, while hoping to spend $53,968 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: 67/25/8 Blend
47$920,000$920,000$920,000$920,000
48$1,018,530$969,770$955,510$1,084,955
49$1,064,999$959,867$930,098$1,119,738
50$1,114,398$947,671$902,026$1,150,843
51$1,166,971$933,010$871,148$1,183,417
52$1,222,981$915,707$837,311$1,217,597
53$1,282,720$895,571$800,355$1,253,533
54$1,346,504$872,401$760,114$1,291,394
55$1,414,681$845,983$716,412$1,331,367
56$1,487,635$816,092$669,067$1,373,660
57$1,565,782$782,489$617,889$1,418,502
58$1,649,582$744,921$562,679$1,466,151
59$1,739,538$703,121$503,228$1,516,891
60$1,836,203$656,806$439,318$1,571,038
61$1,940,185$605,678$370,724$1,628,944
62$2,052,147$549,420$297,207$1,690,997
63$2,172,824$487,699$218,521$1,757,630
64$2,303,016$420,161$134,406$1,829,323
65$2,443,609$346,434$44,593$1,906,607
66$2,595,570$266,123$0$1,990,072
67$2,759,968$178,812$0$2,084,747
68$2,937,973$84,062$0$2,191,329
69$3,130,873$0$0$2,306,836
70$3,340,087$0$0$2,437,301
71$3,567,170$0$0$2,604,059
72$3,813,838$0$0$2,785,247
73$4,081,975$0$0$2,982,257
74$4,373,653$0$0$3,196,619
75$4,691,156$0$0$3,430,016
76$5,036,993$0$0$3,684,301
77$5,413,926$0$0$3,961,513
78$5,824,996$0$0$4,263,894
79$6,273,549$0$0$4,593,915
80$6,763,268$0$0$4,954,294
81$7,298,207$0$0$5,348,023
82$7,882,831$0$0$5,778,397
83$8,522,052$0$0$6,249,043
84$9,221,282$0$0$6,763,954
85$9,986,478$0$0$7,327,528
86$10,824,200$0$0$7,944,606
87$11,741,671$0$0$8,620,520
88$12,746,846$0$0$9,361,143
89$13,848,486$0$0$10,172,942
90$15,056,240$0$0$11,063,038
91$16,380,733$0$0$12,039,277
92$17,833,671$0$0$13,110,297
93$19,427,944$0$0$14,285,617
94$21,177,753$0$0$15,575,719
95$23,098,740$0$0$16,992,149
96$25,208,134$0$0$18,547,628
97$27,524,917$0$0$20,256,168
98$30,069,996$0$0$22,133,205
99$32,866,405$0$0$24,195,743
100$35,939,521$0$0$26,462,515