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%14.8%
1 years$81,753$81,025$80,315$79,621$78,944$77,382
2 years$40,472$39,718$38,988$38,279$37,592$36,025
3 years$26,713$25,956$25,228$24,526$23,850$22,327
4 years$19,835$19,081$18,359$17,670$17,010$15,542
5 years$15,710$14,959$14,248$13,572$12,931$11,522
6 years$12,960$12,215$11,514$10,854$10,232$8,885
7 years$10,997$10,259$9,568$8,923$8,321$7,036
8 years$9,525$8,793$8,115$7,486$6,903$5,679
9 years$8,381$7,656$6,989$6,376$5,813$4,649
10 years$7,466$6,749$6,093$5,496$4,953$3,849
11 years$6,718$6,008$5,364$4,783$4,260$3,213
12 years$6,095$5,392$4,761$4,196$3,692$2,701
13 years$5,569$4,873$4,253$3,704$3,219$2,284
14 years$5,118$4,430$3,822$3,288$2,822$1,939
15 years$4,727$4,046$3,451$2,932$2,485$1,653
16 years$4,386$3,713$3,128$2,626$2,196$1,414
17 years$4,085$3,419$2,847$2,359$1,947$1,212
18 years$3,818$3,159$2,599$2,126$1,731$1,042
19 years$3,579$2,928$2,379$1,921$1,543$897
20 years$3,365$2,721$2,183$1,740$1,378$773
21 years$3,171$2,534$2,008$1,579$1,233$668
22 years$2,995$2,366$1,851$1,436$1,106$577
23 years$2,834$2,213$1,709$1,308$992$500
24 years$2,687$2,073$1,581$1,193$892$433
25 years$2,552$1,946$1,464$1,089$803$375
26 years$2,428$1,829$1,358$996$723$326
27 years$2,313$1,721$1,261$912$652$283
28 years$2,206$1,622$1,172$835$588$245
29 years$2,107$1,530$1,091$766$531$213
30 years$2,015$1,445$1,016$703$480$185
31 years$1,929$1,366$947$646$434$161
32 years$1,848$1,292$884$593$392$140
33 years$1,773$1,224$825$546$355$122
34 years$1,702$1,160$771$502$322$106
35 years$1,635$1,100$721$462$291$92
36 years$1,572$1,044$674$426$264$80
37 years$1,513$992$631$392$239$70
38 years$1,457$942$591$361$217$61
39 years$1,404$896$554$333$197$53
40 years$1,353$853$519$307$178$46
41 years$1,306$812$487$284$162$40
42 years$1,260$773$456$262$147$35
43 years$1,217$737$428$242$133$30
44 years$1,176$702$402$223$121$26
45 years$1,137$669$378$206$110$23
46 years$1,100$639$355$190$100$20
47 years$1,064$609$333$176$91$17
48 years$1,030$582$313$162$82$15
49 years$998$556$294$150$75$13
50 years$967$531$277$139$68$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $990,000, adding $2,696 every year, while hoping to spend $44,861 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: 52/22/26 Blend
47$990,000$990,000$990,000$990,000
48$1,093,761$1,041,291$1,025,946$1,142,558
49$1,157,593$1,044,582$1,012,583$1,179,969
50$1,226,432$1,046,532$997,270$1,215,860
51$1,300,742$1,047,025$979,892$1,254,000
52$1,381,031$1,045,944$960,332$1,294,620
53$1,467,861$1,043,159$938,467$1,337,978
54$1,561,844$1,038,535$914,168$1,384,361
55$1,663,658$1,031,930$887,298$1,434,087
56$1,774,046$1,023,189$857,718$1,487,510
57$1,893,826$1,012,152$825,278$1,545,020
58$2,023,896$998,647$789,825$1,607,051
59$2,165,245$982,493$751,196$1,674,087
60$2,318,962$963,497$709,223$1,746,659
61$2,486,243$941,456$663,729$1,825,360
62$2,668,406$916,153$614,529$1,910,844
63$2,866,898$887,360$561,432$2,003,839
64$3,083,316$854,835$504,234$2,105,148
65$3,319,415$818,322$442,726$2,215,661
66$3,577,126$777,550$376,688$2,336,364
67$3,858,576$732,233$305,890$2,468,349
68$4,166,106$682,068$230,093$2,612,822
69$4,502,294$626,735$149,046$2,771,120
70$4,869,977$565,894$62,489$2,944,720
71$5,272,281$499,188$0$3,135,258
72$5,712,644$426,239$0$3,352,831
73$6,194,856$346,647$0$3,610,188
74$6,723,089$259,991$0$3,892,267
75$7,301,937$165,823$0$4,201,597
76$7,936,459$63,673$0$4,540,970
77$8,632,230$0$0$4,913,461
78$9,395,386$0$0$5,333,836
79$10,232,687$0$0$5,812,065
80$11,151,581$0$0$6,337,001
81$12,160,270$0$0$6,913,341
82$13,267,789$0$0$7,546,261
83$14,484,091$0$0$8,241,464
84$15,820,139$0$0$9,005,231
85$17,288,013$0$0$9,844,480
86$18,901,018$0$0$10,766,836
87$20,673,812$0$0$11,780,696
88$22,622,545$0$0$12,895,312
89$24,765,010$0$0$14,120,878
90$27,120,807$0$0$15,468,624
91$29,711,533$0$0$16,950,924
92$32,560,982$0$0$18,581,411
93$35,695,369$0$0$20,375,104
94$39,143,578$0$0$22,348,553
95$42,937,434$0$0$24,519,992
96$47,112,002$0$0$26,909,513
97$51,705,916$0$0$29,539,252
98$56,761,747$0$0$32,433,601
99$62,326,401$0$0$35,619,436
100$68,451,560$0$0$39,126,370