Can I retire at age 48 with 700,000?

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 $700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$57,805$57,290$56,788$56,298$55,819$55,053
2 years$28,617$28,084$27,567$27,066$26,580$25,810
3 years$18,888$18,353$17,838$17,342$16,864$16,113
4 years$14,025$13,491$12,981$12,494$12,027$11,302
5 years$11,108$10,577$10,074$9,596$9,143$8,445
6 years$9,164$8,637$8,141$7,674$7,235$6,565
7 years$7,776$7,254$6,765$6,309$5,884$5,242
8 years$6,735$6,218$5,738$5,293$4,881$4,268
9 years$5,926$5,414$4,942$4,508$4,111$3,526
10 years$5,279$4,772$4,308$3,886$3,502$2,946
11 years$4,750$4,248$3,793$3,382$3,012$2,483
12 years$4,310$3,813$3,366$2,967$2,610$2,107
13 years$3,938$3,446$3,008$2,619$2,276$1,799
14 years$3,619$3,132$2,702$2,325$1,995$1,543
15 years$3,343$2,861$2,440$2,073$1,757$1,329
16 years$3,101$2,625$2,212$1,857$1,553$1,149
17 years$2,889$2,418$2,013$1,668$1,377$996
18 years$2,700$2,234$1,837$1,503$1,224$865
19 years$2,531$2,070$1,682$1,358$1,091$753
20 years$2,379$1,924$1,544$1,230$975$657
21 years$2,242$1,792$1,420$1,117$872$574
22 years$2,117$1,673$1,309$1,015$782$502
23 years$2,004$1,565$1,208$925$702$439
24 years$1,900$1,466$1,118$843$631$385
25 years$1,805$1,376$1,035$770$568$338
26 years$1,717$1,293$960$704$511$296
27 years$1,635$1,217$891$645$461$260
28 years$1,560$1,147$829$591$416$229
29 years$1,490$1,082$771$542$376$201
30 years$1,425$1,021$718$497$339$177
31 years$1,364$966$670$456$307$156
32 years$1,307$914$625$419$278$137
33 years$1,254$865$583$386$251$121
34 years$1,203$820$545$355$227$106
35 years$1,156$778$510$327$206$94
36 years$1,112$738$477$301$187$83
37 years$1,070$701$446$277$169$73
38 years$1,030$666$418$256$153$64
39 years$993$634$391$236$139$57
40 years$957$603$367$217$126$50
41 years$923$574$344$201$114$44
42 years$891$547$323$185$104$39
43 years$861$521$303$171$94$34
44 years$832$496$284$158$86$30
45 years$804$473$267$146$78$27
46 years$778$452$251$135$70$24
47 years$753$431$236$124$64$21
48 years$728$411$221$115$58$18
49 years$705$393$208$106$53$16
50 years$683$375$196$98$48$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $700,000, adding $6,066 every year, while hoping to spend $34,547 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: 42/50/8 Blend
47$700,000$700,000$700,000$700,000
48$777,657$740,557$729,707$808,247
49$820,220$740,087$717,395$829,694
50$865,967$738,435$703,512$848,935
51$915,186$735,509$687,969$868,979
52$968,193$731,207$670,674$889,912
53$1,025,336$725,423$651,529$911,833
54$1,086,997$718,045$630,432$934,850
55$1,153,595$708,954$607,276$959,086
56$1,225,591$698,022$581,949$984,679
57$1,303,493$685,117$554,336$1,011,783
58$1,387,856$670,095$524,313$1,040,573
59$1,479,294$652,806$491,754$1,071,241
60$1,578,480$633,091$456,526$1,104,005
61$1,686,154$610,781$418,488$1,139,109
62$1,803,130$585,699$377,497$1,176,823
63$1,930,306$557,654$333,399$1,217,451
64$2,068,666$526,448$286,037$1,261,331
65$2,219,295$491,869$235,244$1,308,841
66$2,383,386$453,694$180,848$1,360,402
67$2,562,253$411,687$122,668$1,416,483
68$2,757,341$365,597$60,516$1,477,607
69$2,970,241$315,162$0$1,544,355
70$3,202,703$260,103$0$1,617,871
71$3,456,656$200,125$0$1,703,924
72$3,734,221$134,918$0$1,798,161
73$4,037,735$64,152$0$1,901,493
74$4,369,770$0$0$2,014,928
75$4,733,158$0$0$2,146,471
76$5,131,018$0$0$2,329,224
77$5,566,786$0$0$2,529,478
78$6,044,242$0$0$2,748,981
79$6,567,552$0$0$2,989,662
80$7,141,305$0$0$3,253,640
81$7,770,552$0$0$3,543,254
82$8,460,858$0$0$3,861,077
83$9,218,353$0$0$4,209,946
84$10,049,789$0$0$4,592,982
85$10,962,604$0$0$5,013,628
86$11,964,989$0$0$5,475,672
87$13,065,969$0$0$5,983,290
88$14,275,487$0$0$6,541,083
89$15,604,495$0$0$7,154,116
90$17,065,058$0$0$7,827,972
91$18,670,469$0$0$8,568,803
92$20,435,373$0$0$9,383,382
93$22,375,903$0$0$10,279,177
94$24,509,834$0$0$11,264,412
95$26,856,752$0$0$12,348,148
96$29,438,233$0$0$13,540,370
97$32,278,052$0$0$14,852,080
98$35,402,401$0$0$16,295,398
99$38,840,141$0$0$17,883,678
100$42,623,071$0$0$19,631,637