Can I retire at age 48 with 925,000?

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 $925,000?

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$76,386$75,705$75,041$74,393$73,761$70,890
2 years$37,815$37,110$36,428$35,766$35,124$32,267
3 years$24,959$24,252$23,571$22,916$22,284$19,530
4 years$18,533$17,828$17,154$16,509$15,893$13,263
5 years$14,678$13,977$13,312$12,681$12,082$9,583
6 years$12,109$11,413$10,758$10,141$9,560$7,193
7 years$10,275$9,585$8,940$8,337$7,775$5,540
8 years$8,900$8,216$7,582$6,994$6,450$4,344
9 years$7,831$7,154$6,530$5,957$5,432$3,453
10 years$6,976$6,306$5,693$5,135$4,628$2,772
11 years$6,277$5,613$5,012$4,469$3,980$2,242
12 years$5,695$5,038$4,448$3,920$3,449$1,825
13 years$5,203$4,553$3,974$3,461$3,008$1,493
14 years$4,782$4,139$3,571$3,072$2,637$1,225
15 years$4,417$3,781$3,224$2,740$2,322$1,009
16 years$4,098$3,469$2,923$2,453$2,052$833
17 years$3,817$3,195$2,660$2,204$1,819$689
18 years$3,567$2,952$2,428$1,986$1,618$571
19 years$3,344$2,736$2,223$1,795$1,442$474
20 years$3,144$2,542$2,040$1,626$1,288$394
21 years$2,963$2,368$1,876$1,475$1,152$327
22 years$2,798$2,211$1,729$1,341$1,033$273
23 years$2,648$2,067$1,597$1,222$927$227
24 years$2,511$1,937$1,477$1,114$833$189
25 years$2,385$1,818$1,368$1,018$750$158
26 years$2,269$1,708$1,269$930$676$131
27 years$2,161$1,608$1,178$852$609$110
28 years$2,062$1,515$1,095$780$550$91
29 years$1,969$1,429$1,019$716$496$76
30 years$1,883$1,350$949$657$448$64
31 years$1,802$1,276$885$603$405$53
32 years$1,727$1,207$826$554$367$44
33 years$1,657$1,143$771$510$332$37
34 years$1,590$1,084$720$469$300$31
35 years$1,528$1,028$673$432$272$26
36 years$1,469$976$630$398$247$22
37 years$1,414$927$590$366$223$18
38 years$1,361$881$552$338$203$15
39 years$1,312$837$517$311$184$13
40 years$1,265$797$485$287$167$11
41 years$1,220$758$455$265$151$9
42 years$1,178$722$426$245$137$7
43 years$1,137$688$400$226$125$6
44 years$1,099$656$376$208$113$5
45 years$1,062$626$353$192$103$4
46 years$1,028$597$331$178$93$4
47 years$994$569$311$164$85$3
48 years$963$544$292$152$77$2
49 years$932$519$275$140$70$2
50 years$903$496$258$130$63$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $925,000, adding $4,441 every year, while hoping to spend $38,601 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: 41/40/19 Blend
47$925,000$925,000$925,000$925,000
48$1,023,931$974,906$960,568$1,060,014
49$1,087,301$981,605$951,676$1,092,806
50$1,155,840$987,339$941,193$1,124,208
51$1,230,037$992,019$929,023$1,157,396
52$1,310,425$995,552$915,069$1,192,553
53$1,397,592$997,838$899,228$1,229,882
54$1,492,186$998,772$881,392$1,269,610
55$1,594,918$998,241$861,448$1,311,989
56$1,706,570$996,125$839,277$1,357,300
57$1,828,003$992,298$814,755$1,405,854
58$1,960,164$986,626$787,755$1,457,997
59$2,104,096$978,965$758,139$1,514,114
60$2,260,944$969,165$725,767$1,574,632
61$2,431,971$957,064$690,491$1,640,025
62$2,618,566$942,494$652,156$1,710,818
63$2,822,257$925,274$610,601$1,787,596
64$3,044,728$905,213$565,657$1,871,004
65$3,287,830$882,108$517,146$1,961,762
66$3,553,604$855,747$464,886$2,060,665
67$3,844,295$825,902$408,683$2,168,594
68$4,162,375$792,334$348,336$2,286,527
69$4,510,568$754,788$283,636$2,415,547
70$4,891,870$712,997$214,362$2,556,852
71$5,309,584$666,677$140,286$2,711,769
72$5,767,345$615,528$61,169$2,881,771
73$6,269,158$559,232$0$3,068,482
74$6,819,432$497,455$0$3,278,421
75$7,423,025$429,841$0$3,522,404
76$8,085,286$356,016$0$3,790,278
77$8,812,110$275,585$0$4,084,538
78$9,609,986$188,129$0$4,407,942
79$10,486,065$93,209$0$4,763,534
80$11,448,225$0$0$5,154,678
81$12,505,140$0$0$5,589,332
82$13,666,371$0$0$6,112,086
83$14,942,447$0$0$6,686,669
84$16,344,969$0$0$7,318,321
85$17,886,718$0$0$8,012,814
86$19,581,774$0$0$8,776,508
87$21,445,650$0$0$9,616,411
88$23,495,437$0$0$10,540,241
89$25,749,965$0$0$11,556,505
90$28,229,983$0$0$12,674,574
91$30,958,348$0$0$13,904,774
92$33,960,247$0$0$15,258,483
93$37,263,430$0$0$16,748,236
94$40,898,474$0$0$18,387,846
95$44,899,069$0$0$20,192,531
96$49,302,336$0$0$22,179,062
97$54,149,179$0$0$24,365,916
98$59,484,667$0$0$26,773,454
99$65,358,462$0$0$29,424,110
100$71,825,284$0$0$32,342,605