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%12.4%
1 years$56,154$55,654$55,166$54,689$54,224$53,680
2 years$27,799$27,281$26,779$26,293$25,821$25,273
3 years$18,349$17,829$17,328$16,846$16,382$15,847
4 years$13,624$13,106$12,610$12,137$11,684$11,166
5 years$10,790$10,275$9,786$9,322$8,882$8,383
6 years$8,902$8,390$7,909$7,455$7,028$6,548
7 years$7,553$7,046$6,572$6,129$5,716$5,256
8 years$6,542$6,040$5,574$5,142$4,742$4,301
9 years$5,757$5,259$4,801$4,379$3,993$3,572
10 years$5,128$4,635$4,185$3,775$3,402$3,000
11 years$4,615$4,127$3,685$3,286$2,926$2,543
12 years$4,187$3,704$3,270$2,882$2,536$2,171
13 years$3,825$3,347$2,922$2,544$2,211$1,864
14 years$3,515$3,043$2,625$2,258$1,938$1,609
15 years$3,247$2,779$2,370$2,014$1,707$1,394
16 years$3,013$2,550$2,149$1,803$1,508$1,212
17 years$2,806$2,348$1,955$1,620$1,337$1,057
18 years$2,622$2,170$1,785$1,460$1,189$925
19 years$2,459$2,011$1,634$1,320$1,060$810
20 years$2,311$1,869$1,500$1,195$947$711
21 years$2,178$1,741$1,379$1,085$847$625
22 years$2,057$1,625$1,271$986$759$551
23 years$1,947$1,520$1,174$898$682$485
24 years$1,846$1,424$1,086$819$613$428
25 years$1,753$1,336$1,005$748$551$379
26 years$1,668$1,256$933$684$497$335
27 years$1,589$1,182$866$626$448$296
28 years$1,516$1,114$805$574$404$262
29 years$1,448$1,051$749$526$365$232
30 years$1,384$992$698$483$330$206
31 years$1,325$938$651$443$298$182
32 years$1,270$888$607$407$270$162
33 years$1,218$841$567$375$244$144
34 years$1,169$797$530$345$221$127
35 years$1,123$756$495$317$200$113
36 years$1,080$717$463$292$181$100
37 years$1,039$681$433$269$164$89
38 years$1,001$647$406$248$149$79
39 years$964$616$380$229$135$70
40 years$930$586$356$211$123$63
41 years$897$558$334$195$111$56
42 years$866$531$314$180$101$49
43 years$836$506$294$166$92$44
44 years$808$482$276$153$83$39
45 years$781$460$259$141$75$35
46 years$755$439$244$131$68$31
47 years$731$419$229$121$62$27
48 years$708$400$215$112$56$24
49 years$685$382$202$103$51$22
50 years$664$365$190$95$47$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $680,000, adding $3,686 every year, while hoping to spend $38,842 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: 26/50/24 Blend
47$680,000$680,000$680,000$680,000
48$753,162$717,122$706,582$766,963
49$788,657$710,934$688,925$772,172
50$826,471$703,140$669,375$774,147
51$866,798$693,621$647,826$775,443
52$909,855$682,252$624,171$776,031
53$955,874$668,896$598,295$775,877
54$1,005,113$653,412$570,078$774,952
55$1,057,854$635,649$539,395$773,226
56$1,114,407$615,448$506,117$770,672
57$1,175,111$592,639$470,106$767,265
58$1,240,339$567,044$431,221$762,983
59$1,310,498$538,474$389,312$757,807
60$1,386,039$506,729$344,224$751,722
61$1,467,453$471,598$295,794$744,718
62$1,555,284$432,856$243,853$736,791
63$1,650,124$390,268$188,224$727,944
64$1,752,629$343,583$128,721$718,187
65$1,863,516$292,538$65,152$707,540
66$1,983,575$236,853$0$696,033
67$2,113,675$176,234$0$684,396
68$2,254,770$110,369$0$689,847
69$2,407,910$38,931$0$695,811
70$2,574,250$0$0$702,438
71$2,755,059$0$0$731,042
72$2,951,736$0$0$785,557
73$3,165,816$0$0$844,999
74$3,398,993$0$0$909,854
75$3,653,126$0$0$980,651
76$3,930,266$0$0$1,057,977
77$4,232,666$0$0$1,142,475
78$4,562,809$0$0$1,234,854
79$4,923,426$0$0$1,335,895
80$5,317,525$0$0$1,446,457
81$5,748,418$0$0$1,567,487
82$6,219,749$0$0$1,700,027
83$6,735,534$0$0$1,845,225
84$7,300,191$0$0$2,004,345
85$7,918,590$0$0$2,178,778
86$8,596,089$0$0$2,370,058
87$9,338,591$0$0$2,579,874
88$10,152,599$0$0$2,810,085
89$11,045,271$0$0$3,062,740
90$12,024,495$0$0$3,340,096
91$13,098,957$0$0$3,644,638
92$14,278,226$0$0$3,979,105
93$15,572,839$0$0$4,346,513
94$16,994,407$0$0$4,750,185
95$18,555,719$0$0$5,193,782
96$20,270,864$0$0$5,681,337
97$22,155,360$0$0$6,217,293
98$24,226,307$0$0$6,806,545
99$26,502,539$0$0$7,454,486
100$29,004,810$0$0$8,167,057