Can I retire at age 48 with 990,000?

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 $990,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$81,753$81,025$80,315$79,621$78,944$78,055
2 years$40,472$39,718$38,988$38,279$37,592$36,697
3 years$26,713$25,956$25,228$24,526$23,850$22,977
4 years$19,835$19,081$18,359$17,670$17,010$16,165
5 years$15,710$14,959$14,248$13,572$12,931$12,117
6 years$12,960$12,215$11,514$10,854$10,232$9,450
7 years$10,997$10,259$9,568$8,923$8,321$7,572
8 years$9,525$8,793$8,115$7,486$6,903$6,186
9 years$8,381$7,656$6,989$6,376$5,813$5,128
10 years$7,466$6,749$6,093$5,496$4,953$4,300
11 years$6,718$6,008$5,364$4,783$4,260$3,637
12 years$6,095$5,392$4,761$4,196$3,692$3,099
13 years$5,569$4,873$4,253$3,704$3,219$2,656
14 years$5,118$4,430$3,822$3,288$2,822$2,288
15 years$4,727$4,046$3,451$2,932$2,485$1,979
16 years$4,386$3,713$3,128$2,626$2,196$1,717
17 years$4,085$3,419$2,847$2,359$1,947$1,494
18 years$3,818$3,159$2,599$2,126$1,731$1,304
19 years$3,579$2,928$2,379$1,921$1,543$1,140
20 years$3,365$2,721$2,183$1,740$1,378$999
21 years$3,171$2,534$2,008$1,579$1,233$876
22 years$2,995$2,366$1,851$1,436$1,106$770
23 years$2,834$2,213$1,709$1,308$992$677
24 years$2,687$2,073$1,581$1,193$892$596
25 years$2,552$1,946$1,464$1,089$803$525
26 years$2,428$1,829$1,358$996$723$463
27 years$2,313$1,721$1,261$912$652$409
28 years$2,206$1,622$1,172$835$588$361
29 years$2,107$1,530$1,091$766$531$319
30 years$2,015$1,445$1,016$703$480$282
31 years$1,929$1,366$947$646$434$250
32 years$1,848$1,292$884$593$392$221
33 years$1,773$1,224$825$546$355$196
34 years$1,702$1,160$771$502$322$173
35 years$1,635$1,100$721$462$291$153
36 years$1,572$1,044$674$426$264$136
37 years$1,513$992$631$392$239$120
38 years$1,457$942$591$361$217$107
39 years$1,404$896$554$333$197$94
40 years$1,353$853$519$307$178$84
41 years$1,306$812$487$284$162$74
42 years$1,260$773$456$262$147$66
43 years$1,217$737$428$242$133$58
44 years$1,176$702$402$223$121$52
45 years$1,137$669$378$206$110$46
46 years$1,100$639$355$190$100$41
47 years$1,064$609$333$176$91$36
48 years$1,030$582$313$162$82$32
49 years$998$556$294$150$75$28
50 years$967$531$277$139$68$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $990,000, adding $3,859 every year, while hoping to spend $27,534 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: 36/39/25 Blend
47$990,000$990,000$990,000$990,000
48$1,094,961$1,042,491$1,027,146$1,126,019
49$1,177,351$1,064,277$1,032,259$1,171,076
50$1,267,222$1,086,207$1,036,621$1,216,888
51$1,365,307$1,108,261$1,040,177$1,265,802
52$1,472,416$1,130,413$1,042,870$1,318,116
53$1,589,437$1,152,638$1,044,641$1,374,156
54$1,717,350$1,174,907$1,045,427$1,434,282
55$1,857,232$1,197,190$1,045,161$1,498,892
56$2,010,270$1,219,453$1,043,774$1,568,427
57$2,177,772$1,241,660$1,041,195$1,643,371
58$2,361,176$1,263,773$1,037,346$1,724,259
59$2,562,068$1,285,750$1,032,149$1,811,683
60$2,782,192$1,307,545$1,025,519$1,906,295
61$3,023,471$1,329,109$1,017,369$2,008,815
62$3,288,021$1,350,392$1,007,607$2,120,038
63$3,578,174$1,371,336$996,137$2,240,841
64$3,896,499$1,391,882$982,859$2,372,193
65$4,245,822$1,411,966$967,665$2,515,162
66$4,629,262$1,431,517$950,448$2,670,928
67$5,050,248$1,450,464$931,090$2,840,791
68$5,512,563$1,468,726$909,470$3,026,189
69$6,020,370$1,486,219$885,463$3,228,707
70$6,578,257$1,502,853$858,936$3,450,094
71$7,191,279$1,518,533$829,750$3,692,279
72$7,865,004$1,533,155$797,760$3,957,393
73$8,605,565$1,546,610$762,816$4,247,785
74$9,419,720$1,558,782$724,758$4,566,048
75$10,314,916$1,569,546$683,422$4,915,043
76$11,299,355$1,578,772$638,634$5,297,924
77$12,382,074$1,586,317$590,214$5,718,173
78$13,573,032$1,592,033$537,972$6,179,632
79$14,883,199$1,595,760$481,712$6,686,536
80$16,324,663$1,597,330$421,227$7,243,558
81$17,910,743$1,596,564$356,303$7,855,854
82$19,656,114$1,593,270$286,713$8,529,110
83$21,576,944$1,587,247$212,225$9,269,597
84$23,691,050$1,578,280$132,592$10,084,231
85$26,018,063$1,566,141$47,559$10,980,642
86$28,579,612$1,550,588$0$11,967,244
87$31,399,532$1,531,367$0$13,064,835
88$34,504,085$1,508,205$0$14,286,415
89$37,922,209$1,480,814$0$15,630,647
90$41,685,792$1,448,891$0$17,110,056
91$45,829,968$1,412,112$0$18,738,448
92$50,393,455$1,370,136$0$20,531,042
93$55,418,917$1,322,602$0$22,504,617
94$60,953,363$1,269,126$0$24,677,663
95$67,048,597$1,209,304$0$27,070,567
96$73,761,701$1,142,708$0$29,705,799
97$81,155,578$1,068,884$0$32,608,125
98$89,299,541$987,353$0$35,804,849
99$98,269,970$897,609$0$39,326,064
100$108,151,032$799,117$0$43,204,940