Can I retire at age 48 with 680,000?

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 $680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$56,154$55,654$55,166$54,689$54,224$52,978
2 years$27,799$27,281$26,779$26,293$25,821$24,572
3 years$18,349$17,829$17,328$16,846$16,382$15,170
4 years$13,624$13,106$12,610$12,137$11,684$10,517
5 years$10,790$10,275$9,786$9,322$8,882$7,765
6 years$8,902$8,390$7,909$7,455$7,028$5,961
7 years$7,553$7,046$6,572$6,129$5,716$4,699
8 years$6,542$6,040$5,574$5,142$4,742$3,775
9 years$5,757$5,259$4,801$4,379$3,993$3,076
10 years$5,128$4,635$4,185$3,775$3,402$2,534
11 years$4,615$4,127$3,685$3,286$2,926$2,105
12 years$4,187$3,704$3,270$2,882$2,536$1,760
13 years$3,825$3,347$2,922$2,544$2,211$1,480
14 years$3,515$3,043$2,625$2,258$1,938$1,250
15 years$3,247$2,779$2,370$2,014$1,707$1,060
16 years$3,013$2,550$2,149$1,803$1,508$901
17 years$2,806$2,348$1,955$1,620$1,337$768
18 years$2,622$2,170$1,785$1,460$1,189$656
19 years$2,459$2,011$1,634$1,320$1,060$562
20 years$2,311$1,869$1,500$1,195$947$482
21 years$2,178$1,741$1,379$1,085$847$413
22 years$2,057$1,625$1,271$986$759$355
23 years$1,947$1,520$1,174$898$682$305
24 years$1,846$1,424$1,086$819$613$263
25 years$1,753$1,336$1,005$748$551$226
26 years$1,668$1,256$933$684$497$195
27 years$1,589$1,182$866$626$448$168
28 years$1,516$1,114$805$574$404$145
29 years$1,448$1,051$749$526$365$125
30 years$1,384$992$698$483$330$108
31 years$1,325$938$651$443$298$93
32 years$1,270$888$607$407$270$81
33 years$1,218$841$567$375$244$70
34 years$1,169$797$530$345$221$60
35 years$1,123$756$495$317$200$52
36 years$1,080$717$463$292$181$45
37 years$1,039$681$433$269$164$39
38 years$1,001$647$406$248$149$34
39 years$964$616$380$229$135$29
40 years$930$586$356$211$123$25
41 years$897$558$334$195$111$22
42 years$866$531$314$180$101$19
43 years$836$506$294$166$92$16
44 years$808$482$276$153$83$14
45 years$781$460$259$141$75$12
46 years$755$439$244$131$68$11
47 years$731$419$229$121$62$9
48 years$708$400$215$112$56$8
49 years$685$382$202$103$51$7
50 years$664$365$190$95$47$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $680,000, adding $5,912 every year, while hoping to spend $40,827 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: 64/26/10 Blend
47$680,000$680,000$680,000$680,000
48$755,458$719,418$708,878$801,790
49$789,075$711,230$689,186$825,262
50$824,753$701,272$667,466$845,576
51$862,658$689,415$643,607$866,725
52$902,974$675,521$617,492$888,789
53$945,901$659,445$589,001$911,857
54$991,656$641,031$558,006$936,028
55$1,040,481$620,118$524,375$961,413
56$1,092,638$596,531$487,970$988,137
57$1,148,415$570,089$448,644$1,016,338
58$1,208,127$540,597$406,248$1,046,169
59$1,272,121$507,852$360,622$1,077,803
60$1,340,776$471,636$311,602$1,111,433
61$1,414,510$431,720$259,015$1,147,271
62$1,493,779$387,864$202,681$1,185,556
63$1,579,086$339,810$142,413$1,226,552
64$1,670,982$287,290$78,012$1,270,556
65$1,770,072$230,017$9,276$1,317,896
66$1,877,022$167,691$0$1,368,935
67$1,992,562$99,992$0$1,430,917
68$2,117,496$26,584$0$1,498,957
69$2,252,707$0$0$1,572,589
70$2,399,165$0$0$1,667,528
71$2,557,937$0$0$1,778,733
72$2,730,197$0$0$1,899,426
73$2,917,235$0$0$2,030,517
74$3,120,470$0$0$2,173,006
75$3,341,464$0$0$2,327,993
76$3,581,934$0$0$2,496,689
77$3,843,771$0$0$2,680,426
78$4,129,055$0$0$2,880,670
79$4,440,074$0$0$3,099,034
80$4,779,348$0$0$3,337,294
81$5,149,648$0$0$3,597,405
82$5,554,028$0$0$3,881,518
83$5,995,847$0$0$4,192,001
84$6,478,803$0$0$4,531,463
85$7,006,969$0$0$4,902,774
86$7,584,829$0$0$5,309,095
87$8,217,320$0$0$5,753,908
88$8,909,878$0$0$6,241,045
89$9,668,491$0$0$6,774,728
90$10,499,751$0$0$7,359,604
91$11,410,919$0$0$8,000,795
92$12,409,993$0$0$8,703,938
93$13,505,779$0$0$9,475,244
94$14,707,980$0$0$10,321,554
95$16,027,281$0$0$11,250,402
96$17,475,452$0$0$12,270,088
97$19,065,457$0$0$13,389,755
98$20,811,580$0$0$14,619,473
99$22,729,553$0$0$15,970,338
100$24,836,708$0$0$17,454,571