Can I retire at age 48 with 975,000?

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 $975,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$80,515$79,797$79,098$78,415$77,748$74,959
2 years$39,859$39,116$38,397$37,699$37,023$34,244
3 years$26,309$25,563$24,845$24,154$23,489$20,806
4 years$19,535$18,791$18,081$17,402$16,752$14,187
5 years$15,472$14,733$14,032$13,366$12,735$10,293
6 years$12,764$12,030$11,340$10,689$10,077$7,761
7 years$10,830$10,103$9,423$8,788$8,195$6,004
8 years$9,381$8,660$7,992$7,372$6,799$4,731
9 years$8,254$7,540$6,883$6,279$5,725$3,779
10 years$7,353$6,646$6,001$5,413$4,878$3,049
11 years$6,617$5,917$5,283$4,711$4,196$2,479
12 years$6,003$5,311$4,689$4,132$3,636$2,029
13 years$5,485$4,799$4,189$3,648$3,170$1,668
14 years$5,040$4,362$3,764$3,238$2,779$1,377
15 years$4,656$3,985$3,398$2,888$2,447$1,141
16 years$4,320$3,656$3,081$2,586$2,163$947
17 years$4,023$3,367$2,804$2,323$1,918$788
18 years$3,760$3,112$2,559$2,094$1,705$657
19 years$3,525$2,884$2,343$1,892$1,520$549
20 years$3,314$2,680$2,150$1,714$1,357$459
21 years$3,123$2,496$1,978$1,555$1,215$384
22 years$2,949$2,330$1,823$1,414$1,089$321
23 years$2,791$2,179$1,683$1,288$977$269
24 years$2,647$2,042$1,557$1,174$879$226
25 years$2,514$1,916$1,442$1,073$791$189
26 years$2,391$1,801$1,337$981$712$159
27 years$2,278$1,695$1,242$898$642$133
28 years$2,173$1,597$1,154$822$579$112
29 years$2,076$1,507$1,074$754$523$94
30 years$1,985$1,423$1,000$692$473$79
31 years$1,900$1,345$933$636$427$66
32 years$1,820$1,273$870$584$387$56
33 years$1,746$1,205$813$537$350$47
34 years$1,676$1,142$759$494$317$39
35 years$1,610$1,083$710$455$287$33
36 years$1,549$1,028$664$419$260$28
37 years$1,490$977$622$386$236$23
38 years$1,435$928$582$356$214$20
39 years$1,383$883$545$328$194$17
40 years$1,333$840$511$303$176$14
41 years$1,286$799$479$279$159$12
42 years$1,241$761$450$258$145$10
43 years$1,199$725$422$238$131$8
44 years$1,158$691$396$220$119$7
45 years$1,120$659$372$203$108$6
46 years$1,083$629$349$187$98$5
47 years$1,048$600$328$173$89$4
48 years$1,015$573$308$160$81$3
49 years$983$547$290$148$74$3
50 years$952$523$272$137$67$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $975,000, adding $4,325 every year, while hoping to spend $21,285 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: 72/21/7 Blend
47$975,000$975,000$975,000$975,000
48$1,078,911$1,027,236$1,012,124$1,155,179
49$1,166,313$1,054,924$1,023,383$1,233,775
50$1,261,917$1,083,255$1,034,306$1,316,723
51$1,366,536$1,112,238$1,044,859$1,406,943
52$1,481,067$1,141,882$1,055,006$1,505,147
53$1,606,498$1,172,196$1,064,710$1,612,116
54$1,743,914$1,203,188$1,073,932$1,728,712
55$1,894,515$1,234,865$1,082,630$1,855,883
56$2,059,617$1,267,235$1,090,760$1,994,675
57$2,240,673$1,300,305$1,098,276$2,146,237
58$2,439,283$1,334,081$1,105,129$2,311,837
59$2,657,208$1,368,569$1,111,269$2,492,870
60$2,896,389$1,403,774$1,116,642$2,690,874
61$3,158,962$1,439,701$1,121,191$2,907,540
62$3,447,283$1,476,353$1,124,858$3,144,734
63$3,763,945$1,513,734$1,127,580$3,404,509
64$4,111,806$1,551,845$1,129,292$3,689,130
65$4,494,012$1,590,687$1,129,925$4,001,088
66$4,914,031$1,630,261$1,129,408$4,343,129
67$5,375,684$1,670,565$1,127,665$4,718,279
68$5,883,179$1,711,598$1,124,616$5,129,872
69$6,441,152$1,753,355$1,120,180$5,581,578
70$7,054,712$1,795,832$1,114,268$6,077,445
71$7,729,487$1,839,022$1,106,790$6,621,929
72$8,471,677$1,882,916$1,097,650$7,219,943
73$9,288,115$1,927,506$1,086,749$7,876,896
74$10,186,328$1,972,779$1,073,980$8,598,753
75$11,174,609$2,018,722$1,059,234$9,392,083
76$12,262,098$2,065,317$1,042,397$10,264,123
77$13,458,862$2,112,548$1,023,348$11,222,852
78$14,775,996$2,160,393$1,001,960$12,277,058
79$16,225,724$2,208,829$978,102$13,436,425
80$17,821,516$2,257,829$951,636$14,711,625
81$19,578,212$2,307,365$922,418$16,114,418
82$21,512,167$2,357,403$890,296$17,657,760
83$23,641,401$2,407,908$855,113$19,355,930
84$25,985,768$2,458,840$816,704$21,224,662
85$28,567,148$2,510,155$774,896$23,281,294
86$31,409,651$2,561,806$729,508$25,544,931
87$34,539,841$2,613,740$680,353$28,036,627
88$37,986,993$2,665,901$627,232$30,779,582
89$41,783,362$2,718,227$569,941$33,799,361
90$45,964,495$2,770,650$508,264$37,124,138
91$50,569,559$2,823,097$441,976$40,784,957
92$55,641,715$2,875,490$370,844$44,816,030
93$61,228,525$2,927,744$294,621$49,255,058
94$67,382,396$2,979,765$213,053$54,143,584
95$74,161,082$3,031,455$125,871$59,527,393
96$81,628,223$3,082,707$32,799$65,456,933
97$89,853,947$3,133,405$0$71,987,804
98$98,915,535$3,183,427$0$79,186,240
99$108,898,143$3,232,639$0$87,117,727
100$119,895,614$3,280,899$0$95,854,238