Sunk Cost sunkcost.ai Data checked 2026-09-03

Can a Mac Studio M4 Max, 48GB run local LLMs?

Yes — 32 of the 48 current models on this site fit in its 36 GB of usable memory. The strongest it holds, Qwen3.8 27B, runs at 22 tok/s with a 32k window, worked out from memory bandwidth. Whether that saves you money is a different question: at its $2,499 launch price and 500k tokens a day, it pays back in 144 years.

Price$2,499 at launch — discontinued
Memory48 GB, about 36 GB of it addressable by the GPU at 546 GB/s
Best model it runsQwen3.8 27B — Sonnet-class, 22 tok/s estimated
Pay-back against the APIPays back in 144 years at 500k tokens a day

Run the numbers on this machine

What the Mac Studio M4 Max, 48GB runs

They do not all hold the same window. The weights are a fixed size, but the key-value cache grows with every token you keep, so what is left of 36 GB after the weights is how far the context goes. On 2 of the 12 below, this machine's memory is what runs out first: Granite 4.2 30B stops soonest, at 64k. The rest reach 256k, where the calculator's list ends, or the longest setting their own context limit allows.

ModelSpeedClassMemoryLongest context
Qwen3.8 27BQ4_K_M 22 tok/s estimated Sonnet-class 19 GB 256k
Qwen3.6 27BQ4_K_M 22 tok/s estimated Haiku-class 19 GB 256k
Nemotron 3.5 Bolt 74B-A9BIQ2 56 tok/s estimated Haiku-class 22 GB 256k
Qwen3.6 35B-A3BQ4_K_M 65 tok/s estimated Haiku-class 23 GB 256k
Muse Glimmer 30BQ4_K_M 23 tok/s estimated Haiku-class 18 GB 128k
Gemma 4 26B-A4BQ4_K_M 48 tok/s estimated Haiku-class 18 GB 256k
Gemma 4 31B itQ4_K_M 18 tok/s estimated Haiku-class 23 GB 128kmemory
Granite 4.2 30BQ4_K_M 16 tok/s estimated Haiku-class 26 GB 64kmemory
GLM-4.7-FlashQ4_K_M 46 tok/s estimated Haiku-class 20 GB 128k
Gemma 4 12BQ4_K_M 51 tok/s estimated Below every hosted tier 8.0 GB 256k
Qwen3.5 9BQ4_K_M 61 tok/s estimated Below every hosted tier 6.8 GB 256k
Nemotron 3.5 Lightning 30B-A3BQ4_K_M 63 tok/s estimated Below every hosted tier 26 GB 256k

Speed and memory are at 32k context, the setting the calculator starts on; the memory column is the weights plus the cache for that much of it. Each speed says how it was arrived at, and every one here is estimated from this machine's 546 GB/s of memory bandwidth rather than taken from a published benchmark. There is a page on how that sum works, and what each size needs, and one on what 48 GB runs, machine by machine. The longest context is the longest setting the calculator offers that this machine still holds the model at, cache included, and each one opens the calculator on that model at that length. A figure tagged memory is one this machine ran out of room for, and the rest are stopped by the model's own limit or by the end of the list.

For scale, the calculator starts from 80 tok/s for a hosted API and times a local machine against it. Nothing above reaches it, and the quickest is 65 tok/s.

20 more fit. Ranked below the twelve above: MiniCPM5 2B, Qwen3.5 4B, Ling 3.0 tiny, Granite 4.2 8B, Qwen3-Coder 30B-A3B, gpt-oss-20b, Gemma 4 E4B, LFM2.5 2.6B, Devstral Small 2 24B, Ministral 3 14B, Ministral 3 8B. The other 9 have no intelligence-index score, so the ranking cannot place them: Laguna XS 2.1, LFM3 1.7B, Ornith 1.5 9B, Ornith 1.5 35B-A3B, Spark-X2.5 4B, Spark-X2.6 4B, KAT-Coder V2.5 Dev 35B-A3B, LFM2.5 24B-A2B, Flint 40B-A2.5B. Their pages show what each one needs and what runs it.

The 48 counted above are the current models. This site prices 16 superseded ones as well, because people still run them, and this machine holds ten of those at 32k, strongest first: Qwen3 30B-A3B Instruct 2507, DeepSeek-R1-Distill-Qwen-32B, Llama 3.1 8B Instruct at Q4_K_M, Llama 3.1 8B Instruct at Q8_0, Mistral Small 3.2 24B Instruct, Qwen3 32B at Q4_K_M, Qwen3 14B, Qwen3 8B, Gemma 3 27B it, Gemma 3 12B it. Each of those pages asks whether the model is still worth running.

What has been measured on the Mac Studio M4 Max, 48GB

Not one of the speeds above was measured on this machine, and that is not because nobody has run a model on one. This site holds two published speeds taken on this machine, one of them on a superseded model the table above leaves out. They are below, as published and again at 32k of context, which is what every other speed on this page is taken at.

ModelAt 32kAs published
Qwen3 30B-A3B Instruct 2507Q4_K_Msuperseded 31 tok/s measured 82 tok/smeasured at an empty window
Qwen3-Coder 30B-A3BQ4_K_M 31 tok/s measured 82 tok/smeasured at an empty window

A published figure is what its source reports, at the window the model was run at. The 32k figure is that measurement read at 32k of context: every token generated reads the weights and the whole key-value cache, so the longer the window the slower it runs. The figures come from homelabcraft.com.

Other machines to weigh against the Mac Studio M4 Max, 48GB

MachinePriceMemoryModels that fitPay-back
The rest of the Mac Studio range
Mac Studio M5 Max, 36GB $2,499 36 GB 32 Pays back in 149 years
Mac Studio M5 Max, 48GB $3,099 48 GB 32 Pays back in 174 years
Mac Studio M5 Max, 64GB $3,499 64 GB 32 Pays back in 197 years
Mac Studio M5 Max, 128GB $5,099 128 GB 39 Pays back in 287 years
Mac Studio M5 Ultra, 96GB $5,499 96 GB 34 Pays back in 307 years
Mac Studio M5 Ultra, 256GB $10,799 256 GB 44 Pays back in 2,126 years
Mac Studio M5 Ultra, 512GB not published 512 GB 48 Not enough data to compute a pay-back.
Mac Studio M4 Max, 36GBdiscontinued $1,999 36 GB 32 Pays back in 123 years
Mac Studio M4 Max, 64GBdiscontinued $2,699 64 GB 32 Pays back in 155 years
Mac Studio M4 Max, 128GBdiscontinued $3,499 128 GB 39 Pays back in 201 years
Mac Studio M3 Ultra, 96GBdiscontinued $3,999 96 GB 34 Pays back in 242 years
Mac Studio M3 Ultra, 256GBdiscontinued $7,099 256 GB 44 Pays back in 2,379 years
Mac Studio M3 Ultra, 512GBdiscontinued $9,499 512 GB 48 Pays back in 509 years
Nearest in price elsewhere on the list
MacBook Air M5 (15-inch), 16GB $1,499 16 GB 12 Pays back in 118 years
NVIDIA GeForce RTX 5090, 32GB $1,999card only 32 GB 32 Pays back in 123 years
Strix Halo GMKtec EVO-X2, 64GB $2,200 64 GB 32 Pays back in 168 years
Mac mini M5 Pro, 48GB $2,299 48 GB 32 Pays back in 155 years
MacBook Pro M5 (14-inch), 32GB $2,399 32 GB 22 Pays back in 157 years

Every row uses the same defaults as the figures above: 500k tokens a day at 15:1 input to output, 32k context, and each machine's strongest model that fits, counted against the same 48 current models. The GeForce RTX 5090, 32GB is priced as the card alone, so add the PC around it before comparing it with a complete computer. All seven cards here are ranked by what each one holds.

Head to head with the machine that replaced it: Mac Studio M5 Max, 48GB. There are 111 machine match-ups on the site.

The specifics

Chip
M4 Max — 16-core CPU / 40-core GPU
Memory bandwidth
546 GB/s
Usable by the GPU
36 GB — macOS lets the GPU wire roughly 75% of unified memory by default (llama.cpp discussion #2182: 66.7% at 32 GiB or less, 75% above). Raise it with `sudo sysctl iogpu.wired_limit_mb`. Memory is treated as GB throughout, which is slightly conservative.
Power under load
145 W (published) — Apple's published 'max' figure for this chip (support article 102027), a CPU+GPU stress number; inference typically draws less. Apple measured the 14-core/32-GPU config only.
Availability
Discontinued 2026-08-25. Launch price; Apple no longer sells it new, so treat as a refurbished/used reference.
Sources
Apple Support, Apple Support, Low End Mac