Can I retire at age 48 with 950,000?

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 $950,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$78,450$77,751$77,070$76,404$75,754$75,120
2 years$38,837$38,113$37,412$36,733$36,073$35,434
3 years$25,634$24,908$24,208$23,535$22,887$22,262
4 years$19,034$18,310$17,617$16,956$16,323$15,718
5 years$15,075$14,355$13,672$13,024$12,408$11,825
6 years$12,436$11,722$11,049$10,415$9,818$9,257
7 years$10,552$9,844$9,182$8,563$7,985$7,446
8 years$9,140$8,438$7,787$7,183$6,624$6,107
9 years$8,042$7,347$6,707$6,118$5,579$5,084
10 years$7,165$6,476$5,847$5,274$4,753$4,281
11 years$6,447$5,765$5,148$4,590$4,088$3,637
12 years$5,849$5,175$4,568$4,026$3,543$3,113
13 years$5,344$4,676$4,082$3,554$3,089$2,680
14 years$4,911$4,251$3,667$3,155$2,708$2,319
15 years$4,536$3,883$3,311$2,814$2,384$2,015
16 years$4,209$3,563$3,002$2,520$2,107$1,757
17 years$3,920$3,281$2,732$2,264$1,868$1,537
18 years$3,664$3,032$2,494$2,040$1,661$1,347
19 years$3,435$2,810$2,283$1,843$1,481$1,184
20 years$3,229$2,611$2,095$1,670$1,323$1,043
21 years$3,043$2,432$1,927$1,515$1,184$919
22 years$2,874$2,270$1,776$1,378$1,061$812
23 years$2,720$2,123$1,640$1,255$952$718
24 years$2,579$1,989$1,517$1,144$856$636
25 years$2,449$1,867$1,405$1,045$770$563
26 years$2,330$1,755$1,303$956$694$500
27 years$2,220$1,651$1,210$875$626$444
28 years$2,117$1,556$1,125$801$564$394
29 years$2,022$1,468$1,047$735$510$350
30 years$1,934$1,386$975$674$461$311
31 years$1,851$1,311$909$619$416$277
32 years$1,774$1,240$848$569$377$246
33 years$1,701$1,174$792$523$341$219
34 years$1,633$1,113$740$482$309$195
35 years$1,569$1,056$692$443$280$174
36 years$1,509$1,002$647$408$253$155
37 years$1,452$952$606$376$230$138
38 years$1,398$904$567$347$208$123
39 years$1,347$860$531$320$189$110
40 years$1,299$818$498$295$171$98
41 years$1,253$779$467$272$155$87
42 years$1,209$742$438$251$141$78
43 years$1,168$707$411$232$128$69
44 years$1,129$674$386$214$116$62
45 years$1,091$642$362$198$105$55
46 years$1,055$613$340$183$96$49
47 years$1,021$585$320$169$87$44
48 years$989$558$300$156$79$39
49 years$957$533$282$144$72$35
50 years$928$509$265$133$65$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $950,000, adding $4,353 every year, while hoping to spend $33,028 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: 56/38/6 Blend
47$950,000$950,000$950,000$950,000
48$1,051,390$1,001,040$986,315$1,108,681
49$1,123,490$1,014,950$984,215$1,161,671
50$1,201,838$1,028,434$980,938$1,215,279
51$1,287,035$1,041,437$976,409$1,272,847
52$1,379,745$1,053,899$970,551$1,334,756
53$1,480,695$1,065,757$963,281$1,401,425
54$1,590,690$1,076,943$954,515$1,473,318
55$1,710,612$1,087,384$944,162$1,550,944
56$1,841,432$1,097,004$932,129$1,634,868
57$1,984,221$1,105,719$918,318$1,725,711
58$2,140,155$1,113,443$902,626$1,824,157
59$2,310,531$1,120,083$884,944$1,930,963
60$2,496,776$1,125,538$865,161$2,046,964
61$2,700,461$1,129,703$843,157$2,173,079
62$2,923,316$1,132,466$818,811$2,310,324
63$3,167,246$1,133,708$791,992$2,459,819
64$3,434,347$1,133,302$762,567$2,622,799
65$3,726,930$1,131,114$730,392$2,800,627
66$4,047,539$1,127,000$695,322$2,994,808
67$4,398,974$1,120,809$657,201$3,206,999
68$4,784,320$1,112,380$615,869$3,439,032
69$5,206,977$1,101,543$571,157$3,692,925
70$5,670,686$1,088,116$522,888$3,970,904
71$6,179,571$1,071,908$470,879$4,275,426
72$6,738,172$1,052,716$414,938$4,609,201
73$7,351,491$1,030,325$354,864$4,975,217
74$8,025,038$1,004,506$290,447$5,376,771
75$8,764,884$975,019$221,469$5,817,500
76$9,577,714$941,607$147,701$6,301,413
77$10,470,896$904,000$68,904$6,832,936
78$11,452,544$861,913$0$7,416,945
79$12,531,599$815,043$0$8,059,796
80$13,717,912$763,069$0$8,771,219
81$15,022,333$705,654$0$9,553,362
82$16,456,818$642,438$0$10,413,460
83$18,034,541$573,045$0$11,359,491
84$19,770,013$497,073$0$12,400,252
85$21,679,227$414,102$0$13,545,443
86$23,779,799$323,684$0$14,805,759
87$26,091,142$225,349$0$16,192,992
88$28,634,645$118,597$0$17,720,142
89$31,433,875$2,905$0$19,401,544
90$34,514,799$0$0$21,253,001
91$37,906,030$0$0$23,343,071
92$41,639,093$0$0$25,645,260
93$45,748,729$0$0$28,179,790
94$50,273,214$0$0$30,970,281
95$55,254,728$0$0$34,042,762
96$60,739,746$0$0$37,425,911
97$66,779,480$0$0$41,151,331
98$73,430,362$0$0$45,253,845
99$80,754,574$0$0$49,771,826
100$88,820,637$0$0$54,747,556