Can I retire at age 48 with 650,000?

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 $650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$53,676$53,198$52,732$52,276$51,832$49,795
2 years$26,572$26,078$25,598$25,133$24,682$22,655
3 years$17,539$17,042$16,564$16,103$15,659$13,706
4 years$13,023$12,528$12,054$11,601$11,168$9,303
5 years$10,314$9,822$9,354$8,911$8,490$6,718
6 years$8,509$8,020$7,560$7,126$6,718$5,040
7 years$7,220$6,735$6,282$5,859$5,463$3,879
8 years$6,254$5,773$5,328$4,915$4,532$3,040
9 years$5,503$5,027$4,589$4,186$3,817$2,415
10 years$4,902$4,431$4,001$3,609$3,252$1,937
11 years$4,411$3,945$3,522$3,141$2,797$1,566
12 years$4,002$3,540$3,126$2,755$2,424$1,274
13 years$3,656$3,200$2,793$2,432$2,114$1,041
14 years$3,360$2,908$2,509$2,159$1,853$854
15 years$3,104$2,657$2,266$1,925$1,631$703
16 years$2,880$2,438$2,054$1,724$1,442$580
17 years$2,682$2,245$1,869$1,549$1,278$479
18 years$2,507$2,074$1,706$1,396$1,137$397
19 years$2,350$1,923$1,562$1,261$1,013$329
20 years$2,209$1,786$1,433$1,142$905$273
21 years$2,082$1,664$1,319$1,037$810$227
22 years$1,966$1,553$1,215$943$726$189
23 years$1,861$1,453$1,122$858$652$157
24 years$1,764$1,361$1,038$783$586$131
25 years$1,676$1,277$961$715$527$109
26 years$1,594$1,201$891$654$475$91
27 years$1,519$1,130$828$598$428$76
28 years$1,449$1,065$769$548$386$63
29 years$1,384$1,004$716$503$349$53
30 years$1,323$949$667$461$315$44
31 years$1,267$897$622$424$285$37
32 years$1,214$848$580$390$258$31
33 years$1,164$803$542$358$233$25
34 years$1,117$762$506$330$211$21
35 years$1,074$722$473$303$191$18
36 years$1,032$686$443$279$173$15
37 years$993$651$414$257$157$12
38 years$957$619$388$237$142$10
39 years$922$588$364$219$129$9
40 years$889$560$341$202$117$7
41 years$857$533$319$186$106$6
42 years$828$508$300$172$96$5
43 years$799$484$281$159$87$4
44 years$772$461$264$146$79$3
45 years$747$440$248$135$72$3
46 years$722$419$233$125$65$2
47 years$699$400$219$115$59$2
48 years$676$382$206$107$54$2
49 years$655$365$193$99$49$1
50 years$635$348$182$91$45$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $650,000, adding $5,042 every year, while hoping to spend $26,864 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: 52/34/14 Blend
47$650,000$650,000$650,000$650,000
48$721,501$687,051$676,976$756,057
49$766,511$692,133$671,071$785,321
50$815,211$696,564$664,069$813,863
51$867,951$700,284$655,903$844,299
52$925,112$703,228$646,506$876,816
53$987,115$705,327$635,805$911,620
54$1,054,423$706,511$623,727$948,941
55$1,127,545$706,701$610,193$989,030
56$1,207,041$705,816$595,121$1,032,169
57$1,293,527$703,768$578,425$1,078,666
58$1,387,681$700,467$560,016$1,128,865
59$1,490,248$695,813$539,800$1,183,144
60$1,602,049$689,704$517,680$1,241,922
61$1,723,987$682,029$493,551$1,305,663
62$1,857,057$672,672$467,308$1,374,880
63$2,002,352$661,508$438,839$1,450,140
64$2,161,078$648,408$408,026$1,532,068
65$2,334,560$633,232$374,747$1,621,359
66$2,524,258$615,833$338,874$1,718,778
67$2,731,781$596,057$300,274$1,825,172
68$2,958,896$573,738$258,807$1,941,475
69$3,207,555$548,702$214,328$2,068,722
70$3,479,903$520,766$166,685$2,208,056
71$3,778,303$489,733$115,719$2,360,737
72$4,105,358$455,399$61,265$2,528,161
73$4,463,936$417,545$3,148$2,711,867
74$4,857,194$375,940$0$2,913,557
75$5,288,608$330,342$0$3,143,903
76$5,762,011$280,493$0$3,397,261
77$6,281,620$226,122$0$3,675,480
78$6,852,084$166,940$0$3,981,120
79$7,478,522$102,646$0$4,317,007
80$8,166,573$32,918$0$4,686,258
81$8,922,451$0$0$5,092,313
82$9,753,000$0$0$5,554,898
83$10,665,759$0$0$6,076,876
84$11,669,035$0$0$6,650,689
85$12,771,979$0$0$7,281,582
86$13,984,673$0$0$7,975,330
87$15,318,226$0$0$8,738,299
88$16,784,875$0$0$9,577,498
89$18,398,105$0$0$10,500,655
90$20,172,771$0$0$11,516,280
91$22,125,242$0$0$12,633,753
92$24,273,552$0$0$13,863,407
93$26,637,574$0$0$15,216,627
94$29,239,202$0$0$16,705,959
95$32,102,560$0$0$18,345,225
96$35,254,231$0$0$20,149,658
97$38,723,505$0$0$22,136,039
98$42,542,654$0$0$24,322,861
99$46,747,242$0$0$26,730,501
100$51,376,453$0$0$29,381,412