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%14.4%
1 years$57,805$57,290$56,788$56,298$55,819$54,804
2 years$28,617$28,084$27,567$27,066$26,580$25,562
3 years$18,888$18,353$17,838$17,342$16,864$15,873
4 years$14,025$13,491$12,981$12,494$12,027$11,072
5 years$11,108$10,577$10,074$9,596$9,143$8,225
6 years$9,164$8,637$8,141$7,674$7,235$6,356
7 years$7,776$7,254$6,765$6,309$5,884$5,045
8 years$6,735$6,218$5,738$5,293$4,881$4,081
9 years$5,926$5,414$4,942$4,508$4,111$3,350
10 years$5,279$4,772$4,308$3,886$3,502$2,779
11 years$4,750$4,248$3,793$3,382$3,012$2,326
12 years$4,310$3,813$3,366$2,967$2,610$1,961
13 years$3,938$3,446$3,008$2,619$2,276$1,662
14 years$3,619$3,132$2,702$2,325$1,995$1,415
15 years$3,343$2,861$2,440$2,073$1,757$1,210
16 years$3,101$2,625$2,212$1,857$1,553$1,038
17 years$2,889$2,418$2,013$1,668$1,377$892
18 years$2,700$2,234$1,837$1,503$1,224$769
19 years$2,531$2,070$1,682$1,358$1,091$664
20 years$2,379$1,924$1,544$1,230$975$574
21 years$2,242$1,792$1,420$1,117$872$497
22 years$2,117$1,673$1,309$1,015$782$431
23 years$2,004$1,565$1,208$925$702$375
24 years$1,900$1,466$1,118$843$631$325
25 years$1,805$1,376$1,035$770$568$283
26 years$1,717$1,293$960$704$511$246
27 years$1,635$1,217$891$645$461$214
28 years$1,560$1,147$829$591$416$187
29 years$1,490$1,082$771$542$376$163
30 years$1,425$1,021$718$497$339$142
31 years$1,364$966$670$456$307$124
32 years$1,307$914$625$419$278$108
33 years$1,254$865$583$386$251$94
34 years$1,203$820$545$355$227$82
35 years$1,156$778$510$327$206$72
36 years$1,112$738$477$301$187$63
37 years$1,070$701$446$277$169$55
38 years$1,030$666$418$256$153$48
39 years$993$634$391$236$139$42
40 years$957$603$367$217$126$36
41 years$923$574$344$201$114$32
42 years$891$547$323$185$104$28
43 years$861$521$303$171$94$24
44 years$832$496$284$158$86$21
45 years$804$473$267$146$78$19
46 years$778$452$251$135$70$16
47 years$753$431$236$124$64$14
48 years$728$411$221$115$58$12
49 years$705$393$208$106$53$11
50 years$683$375$196$98$48$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $700,000, adding $4,827 every year, while hoping to spend $44,250 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: 59/12/29 Blend
47$700,000$700,000$700,000$700,000
48$776,379$739,279$728,429$815,790
49$808,488$728,422$705,750$832,448
50$842,389$715,550$680,828$845,512
51$878,218$700,517$653,541$858,853
52$916,124$683,170$623,762$872,509
53$956,269$663,345$591,358$886,526
54$998,829$640,870$556,189$900,956
55$1,043,998$615,562$518,111$915,857
56$1,091,989$587,227$476,970$931,297
57$1,143,032$555,661$432,608$947,354
58$1,197,380$520,648$384,860$964,116
59$1,255,312$481,958$333,551$981,683
60$1,317,130$439,351$278,502$1,000,166
61$1,383,167$392,569$219,522$1,019,694
62$1,453,789$341,343$156,414$1,040,412
63$1,529,394$285,388$88,973$1,062,480
64$1,610,422$224,402$16,983$1,086,083
65$1,697,353$158,065$0$1,111,425
66$1,790,715$86,043$0$1,157,255
67$1,891,087$7,978$0$1,212,125
68$1,999,105$0$0$1,271,142
69$2,115,468$0$0$1,344,810
70$2,240,942$0$0$1,425,426
71$2,376,370$0$0$1,512,483
72$2,522,677$0$0$1,606,583
73$2,680,881$0$0$1,708,385
74$2,852,100$0$0$1,818,616
75$3,037,563$0$0$1,938,074
76$3,238,622$0$0$2,067,636
77$3,456,762$0$0$2,208,268
78$3,693,618$0$0$2,361,030
79$3,950,988$0$0$2,527,092
80$4,230,849$0$0$2,707,736
81$4,535,377$0$0$2,904,378
82$4,866,965$0$0$3,118,570
83$5,228,249$0$0$3,352,026
84$5,622,127$0$0$3,606,628
85$6,051,788$0$0$3,884,449
86$6,520,746$0$0$4,187,772
87$7,032,865$0$0$4,519,107
88$7,592,401$0$0$4,881,220
89$8,204,039$0$0$5,277,156
90$8,872,936$0$0$5,710,265
91$9,604,770$0$0$6,184,239
92$10,405,796$0$0$6,703,142
93$11,282,899$0$0$7,271,448
94$12,243,661$0$0$7,894,085
95$13,296,434$0$0$8,576,482
96$14,450,412$0$0$9,324,615
97$15,715,725$0$0$10,145,067
98$17,103,528$0$0$11,045,090
99$18,626,108$0$0$12,032,670
100$20,296,999$0$0$13,116,604