Can I retire at age 48 with 670,000?

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 $670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$55,328$54,835$54,354$53,885$53,427$52,093
2 years$27,390$26,880$26,386$25,906$25,441$24,106
3 years$18,079$17,566$17,073$16,598$16,141$14,846
4 years$13,424$12,913$12,425$11,958$11,512$10,267
5 years$10,632$10,124$9,642$9,185$8,751$7,560
6 years$8,771$8,267$7,792$7,345$6,924$5,788
7 years$7,442$6,943$6,476$6,039$5,631$4,550
8 years$6,446$5,951$5,492$5,066$4,672$3,645
9 years$5,672$5,182$4,730$4,315$3,934$2,961
10 years$5,053$4,567$4,124$3,720$3,352$2,431
11 years$4,547$4,066$3,630$3,237$2,883$2,013
12 years$4,125$3,649$3,222$2,839$2,498$1,678
13 years$3,769$3,298$2,879$2,507$2,179$1,406
14 years$3,464$2,998$2,586$2,225$1,910$1,184
15 years$3,199$2,739$2,335$1,985$1,682$1,000
16 years$2,968$2,513$2,117$1,777$1,486$847
17 years$2,765$2,314$1,927$1,597$1,318$720
18 years$2,584$2,138$1,759$1,439$1,172$613
19 years$2,422$1,982$1,610$1,300$1,044$522
20 years$2,277$1,841$1,478$1,178$933$446
21 years$2,146$1,715$1,359$1,069$835$381
22 years$2,027$1,601$1,253$972$748$326
23 years$1,918$1,497$1,157$885$672$280
24 years$1,819$1,403$1,070$807$604$240
25 years$1,727$1,317$991$737$543$206
26 years$1,643$1,237$919$674$489$177
27 years$1,565$1,165$853$617$441$152
28 years$1,493$1,097$793$565$398$130
29 years$1,426$1,035$738$518$359$112
30 years$1,364$978$688$476$325$96
31 years$1,306$924$641$437$294$83
32 years$1,251$875$598$401$266$71
33 years$1,200$828$558$369$240$61
34 years$1,152$785$522$340$218$53
35 years$1,107$745$488$313$197$45
36 years$1,064$707$456$288$179$39
37 years$1,024$671$427$265$162$34
38 years$986$638$400$245$147$29
39 years$950$607$375$226$133$25
40 years$916$577$351$208$121$21
41 years$884$549$329$192$110$18
42 years$853$523$309$177$99$16
43 years$824$498$290$163$90$14
44 years$796$475$272$151$82$12
45 years$770$453$255$139$74$10
46 years$744$432$240$129$67$9
47 years$720$412$225$119$61$8
48 years$697$394$212$110$56$6
49 years$675$376$199$102$51$6
50 years$654$359$187$94$46$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $670,000, adding $6,116 every year, while hoping to spend $53,480 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: 52/23/25 Blend
47$670,000$670,000$670,000$670,000
48$744,649$709,139$698,754$777,889
49$763,701$686,984$665,260$779,402
50$782,903$661,952$628,851$775,090
51$802,216$633,844$589,374$769,309
52$821,591$602,451$546,667$761,942
53$840,975$567,553$500,563$752,861
54$860,308$528,916$450,884$741,929
55$879,519$486,293$397,449$729,000
56$898,531$439,422$340,064$713,916
57$917,255$388,028$278,530$696,509
58$935,591$331,818$212,637$676,597
59$953,429$270,484$142,168$653,985
60$970,641$203,701$66,893$628,464
61$987,088$131,124$0$599,810
62$1,002,612$52,390$0$571,364
63$1,017,037$0$0$558,558
64$1,030,167$0$0$551,641
65$1,041,781$0$0$557,078
66$1,051,637$0$0$561,468
67$1,059,460$0$0$564,655
68$1,064,949$0$0$566,463
69$1,067,767$0$0$566,698
70$1,067,539$0$0$565,144
71$1,063,850$0$0$561,563
72$1,056,239$0$0$555,687
73$1,044,193$0$0$547,222
74$1,027,146$0$0$535,843
75$1,004,468$0$0$521,185
76$975,462$0$0$502,850
77$939,356$0$0$480,392
78$895,296$0$0$453,320
79$842,336$0$0$421,091
80$779,430$0$0$383,102
81$705,418$0$0$338,689
82$619,022$0$0$287,116
83$518,826$0$0$227,570
84$403,264$0$0$159,152
85$270,608$0$0$80,868
86$118,947$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0