Can I retire at age 48 with 700,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%16.7%
1 years$57,805$57,290$56,788$56,298$55,819$54,293
2 years$28,617$28,084$27,567$27,066$26,580$25,055
3 years$18,888$18,353$17,838$17,342$16,864$15,385
4 years$14,025$13,491$12,981$12,494$12,027$10,608
5 years$11,108$10,577$10,074$9,596$9,143$7,786
6 years$9,164$8,637$8,141$7,674$7,235$5,942
7 years$7,776$7,254$6,765$6,309$5,884$4,655
8 years$6,735$6,218$5,738$5,293$4,881$3,716
9 years$5,926$5,414$4,942$4,508$4,111$3,008
10 years$5,279$4,772$4,308$3,886$3,502$2,461
11 years$4,750$4,248$3,793$3,382$3,012$2,030
12 years$4,310$3,813$3,366$2,967$2,610$1,685
13 years$3,938$3,446$3,008$2,619$2,276$1,407
14 years$3,619$3,132$2,702$2,325$1,995$1,179
15 years$3,343$2,861$2,440$2,073$1,757$992
16 years$3,101$2,625$2,212$1,857$1,553$837
17 years$2,889$2,418$2,013$1,668$1,377$708
18 years$2,700$2,234$1,837$1,503$1,224$600
19 years$2,531$2,070$1,682$1,358$1,091$509
20 years$2,379$1,924$1,544$1,230$975$433
21 years$2,242$1,792$1,420$1,117$872$368
22 years$2,117$1,673$1,309$1,015$782$314
23 years$2,004$1,565$1,208$925$702$268
24 years$1,900$1,466$1,118$843$631$228
25 years$1,805$1,376$1,035$770$568$195
26 years$1,717$1,293$960$704$511$167
27 years$1,635$1,217$891$645$461$142
28 years$1,560$1,147$829$591$416$122
29 years$1,490$1,082$771$542$376$104
30 years$1,425$1,021$718$497$339$89
31 years$1,364$966$670$456$307$76
32 years$1,307$914$625$419$278$65
33 years$1,254$865$583$386$251$56
34 years$1,203$820$545$355$227$48
35 years$1,156$778$510$327$206$41
36 years$1,112$738$477$301$187$35
37 years$1,070$701$446$277$169$30
38 years$1,030$666$418$256$153$26
39 years$993$634$391$236$139$22
40 years$957$603$367$217$126$19
41 years$923$574$344$201$114$16
42 years$891$547$323$185$104$14
43 years$861$521$303$171$94$12
44 years$832$496$284$158$86$10
45 years$804$473$267$146$78$9
46 years$778$452$251$135$70$7
47 years$753$431$236$124$64$6
48 years$728$411$221$115$58$5
49 years$705$393$208$106$53$5
50 years$683$375$196$98$48$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $700,000, adding $5,167 every year, while hoping to spend $54,049 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: 32/44/24 Blend
47$700,000$700,000$700,000$700,000
48$776,730$739,630$728,780$795,724
49$798,448$718,364$695,686$789,270
50$820,571$694,245$659,672$777,119
51$843,081$667,075$620,584$762,937
52$865,961$636,646$578,258$746,582
53$889,185$602,739$532,526$727,902
54$912,728$565,119$483,212$706,736
55$936,557$523,540$430,130$682,913
56$960,634$477,742$373,088$656,253
57$984,917$427,449$311,884$626,562
58$1,009,355$372,371$246,309$593,636
59$1,033,890$312,198$176,142$557,260
60$1,058,459$246,607$101,154$517,204
61$1,082,985$175,255$21,106$473,222
62$1,107,384$97,777$0$425,058
63$1,131,562$13,792$0$388,905
64$1,155,408$0$0$354,841
65$1,178,803$0$0$354,545
66$1,201,609$0$0$360,662
67$1,223,671$0$0$366,455
68$1,244,819$0$0$371,863
69$1,264,857$0$0$376,815
70$1,283,572$0$0$381,234
71$1,300,720$0$0$385,032
72$1,316,034$0$0$388,112
73$1,329,213$0$0$390,367
74$1,339,923$0$0$391,675
75$1,347,793$0$0$391,904
76$1,352,407$0$0$390,904
77$1,353,307$0$0$388,513
78$1,349,982$0$0$384,545
79$1,341,865$0$0$378,800
80$1,328,327$0$0$371,053
81$1,308,670$0$0$361,054
82$1,282,121$0$0$348,528
83$1,247,822$0$0$333,169
84$1,204,826$0$0$314,641
85$1,152,080$0$0$292,569
86$1,088,422$0$0$266,538
87$1,012,563$0$0$236,093
88$923,081$0$0$200,727
89$818,399$0$0$159,882
90$696,776$0$0$112,938
91$556,287$0$0$59,213
92$394,804$0$0$0
93$209,975$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