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%11.5%
1 years$57,805$57,290$56,788$56,298$55,819$55,467
2 years$28,617$28,084$27,567$27,066$26,580$26,226
3 years$18,888$18,353$17,838$17,342$16,864$16,517
4 years$14,025$13,491$12,981$12,494$12,027$11,691
5 years$11,108$10,577$10,074$9,596$9,143$8,818
6 years$9,164$8,637$8,141$7,674$7,235$6,922
7 years$7,776$7,254$6,765$6,309$5,884$5,583
8 years$6,735$6,218$5,738$5,293$4,881$4,593
9 years$5,926$5,414$4,942$4,508$4,111$3,834
10 years$5,279$4,772$4,308$3,886$3,502$3,238
11 years$4,750$4,248$3,793$3,382$3,012$2,760
12 years$4,310$3,813$3,366$2,967$2,610$2,369
13 years$3,938$3,446$3,008$2,619$2,276$2,046
14 years$3,619$3,132$2,702$2,325$1,995$1,777
15 years$3,343$2,861$2,440$2,073$1,757$1,549
16 years$3,101$2,625$2,212$1,857$1,553$1,355
17 years$2,889$2,418$2,013$1,668$1,377$1,189
18 years$2,700$2,234$1,837$1,503$1,224$1,047
19 years$2,531$2,070$1,682$1,358$1,091$923
20 years$2,379$1,924$1,544$1,230$975$816
21 years$2,242$1,792$1,420$1,117$872$722
22 years$2,117$1,673$1,309$1,015$782$640
23 years$2,004$1,565$1,208$925$702$568
24 years$1,900$1,466$1,118$843$631$505
25 years$1,805$1,376$1,035$770$568$449
26 years$1,717$1,293$960$704$511$400
27 years$1,635$1,217$891$645$461$356
28 years$1,560$1,147$829$591$416$318
29 years$1,490$1,082$771$542$376$284
30 years$1,425$1,021$718$497$339$253
31 years$1,364$966$670$456$307$226
32 years$1,307$914$625$419$278$202
33 years$1,254$865$583$386$251$181
34 years$1,203$820$545$355$227$162
35 years$1,156$778$510$327$206$144
36 years$1,112$738$477$301$187$129
37 years$1,070$701$446$277$169$116
38 years$1,030$666$418$256$153$104
39 years$993$634$391$236$139$93
40 years$957$603$367$217$126$83
41 years$923$574$344$201$114$74
42 years$891$547$323$185$104$67
43 years$861$521$303$171$94$60
44 years$832$496$284$158$86$53
45 years$804$473$267$146$78$48
46 years$778$452$251$135$70$43
47 years$753$431$236$124$64$38
48 years$728$411$221$115$58$35
49 years$705$393$208$106$53$31
50 years$683$375$196$98$48$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $700,000, adding $6,946 every year, while hoping to spend $38,406 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: 46/32/22 Blend
47$700,000$700,000$700,000$700,000
48$778,565$741,465$730,615$809,184
49$817,115$736,933$714,227$826,838
50$858,310$730,892$696,002$841,639
51$902,378$723,227$675,840$856,914
52$949,573$713,817$653,632$872,726
53$1,000,168$702,533$629,268$889,145
54$1,054,467$689,239$602,630$906,253
55$1,112,802$673,790$573,597$924,142
56$1,175,536$656,034$542,041$942,916
57$1,243,069$635,809$507,828$962,694
58$1,315,842$612,943$470,820$983,609
59$1,394,335$587,254$430,870$1,005,812
60$1,479,080$558,552$387,826$1,029,472
61$1,570,658$526,633$341,530$1,054,780
62$1,669,709$491,282$291,816$1,081,952
63$1,776,937$452,273$238,509$1,111,227
64$1,893,115$409,365$181,430$1,142,878
65$2,019,094$362,305$120,389$1,177,207
66$2,155,808$310,824$55,189$1,214,552
67$2,304,287$254,641$0$1,255,295
68$2,465,660$193,455$0$1,303,237
69$2,641,174$126,950$0$1,369,518
70$2,832,196$54,793$0$1,441,753
71$3,040,233$0$0$1,520,586
72$3,266,944$0$0$1,614,960
73$3,514,153$0$0$1,738,980
74$3,783,867$0$0$1,874,367
75$4,078,296$0$0$2,022,241
76$4,399,875$0$0$2,183,834
77$4,751,281$0$0$2,360,503
78$5,135,463$0$0$2,553,739
79$5,555,667$0$0$2,765,189
80$6,015,468$0$0$2,996,662
81$6,518,802$0$0$3,250,152
82$7,070,004$0$0$3,527,855
83$7,673,846$0$0$3,832,189
84$8,335,585$0$0$4,165,816
85$9,061,011$0$0$4,531,669
86$9,856,498$0$0$4,932,979
87$10,729,070$0$0$5,373,304
88$11,686,461$0$0$5,856,562
89$12,737,192$0$0$6,387,071
90$13,890,646$0$0$6,969,585
91$15,157,162$0$0$7,609,344
92$16,548,127$0$0$8,312,117
93$18,076,087$0$0$9,084,262
94$19,754,859$0$0$9,932,781
95$21,599,669$0$0$10,865,389
96$23,627,289$0$0$11,890,587
97$25,856,197$0$0$13,017,738
98$28,306,749$0$0$14,257,160
99$31,001,374$0$0$15,620,218
100$33,964,782$0$0$17,119,437