Can I retire at age 48 with 710,000?

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 $710,000?

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$58,631$58,109$57,599$57,102$56,616$55,587
2 years$29,025$28,485$27,961$27,453$26,960$25,927
3 years$19,158$18,615$18,093$17,589$17,105$16,099
4 years$14,225$13,684$13,167$12,672$12,199$11,230
5 years$11,266$10,728$10,218$9,733$9,274$8,343
6 years$9,295$8,761$8,258$7,784$7,338$6,447
7 years$7,887$7,357$6,862$6,400$5,968$5,117
8 years$6,831$6,306$5,820$5,368$4,951$4,140
9 years$6,011$5,491$5,012$4,573$4,169$3,397
10 years$5,355$4,840$4,370$3,942$3,552$2,819
11 years$4,818$4,309$3,847$3,430$3,055$2,360
12 years$4,372$3,867$3,414$3,009$2,648$1,989
13 years$3,994$3,495$3,050$2,656$2,309$1,686
14 years$3,670$3,177$2,741$2,358$2,024$1,436
15 years$3,390$2,902$2,475$2,103$1,782$1,227
16 years$3,146$2,663$2,244$1,883$1,575$1,052
17 years$2,930$2,452$2,042$1,692$1,396$905
18 years$2,738$2,266$1,864$1,525$1,242$780
19 years$2,567$2,100$1,706$1,378$1,107$673
20 years$2,413$1,951$1,566$1,248$989$583
21 years$2,274$1,818$1,440$1,132$885$505
22 years$2,148$1,697$1,327$1,030$793$438
23 years$2,033$1,587$1,226$938$712$380
24 years$1,927$1,487$1,133$855$640$330
25 years$1,830$1,395$1,050$781$576$287
26 years$1,741$1,311$974$714$519$250
27 years$1,659$1,234$904$654$468$218
28 years$1,582$1,163$841$599$422$189
29 years$1,511$1,097$782$549$381$165
30 years$1,445$1,036$729$504$344$144
31 years$1,383$979$679$463$311$126
32 years$1,326$927$634$425$281$110
33 years$1,272$878$592$391$255$96
34 years$1,221$832$553$360$231$83
35 years$1,173$789$517$331$209$73
36 years$1,128$749$484$305$189$64
37 years$1,085$711$453$281$172$56
38 years$1,045$676$424$259$156$49
39 years$1,007$643$397$239$141$42
40 years$971$612$372$220$128$37
41 years$936$582$349$203$116$32
42 years$904$554$327$188$105$28
43 years$873$528$307$173$96$25
44 years$844$503$288$160$87$22
45 years$816$480$271$148$79$19
46 years$789$458$254$136$72$16
47 years$763$437$239$126$65$14
48 years$739$417$225$117$59$13
49 years$716$398$211$108$54$11
50 years$693$381$198$100$49$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $710,000, adding $4,394 every year, while hoping to spend $35,890 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: 44/30/26 Blend
47$710,000$710,000$710,000$710,000
48$786,952$749,322$738,317$815,473
49$829,035$747,853$724,864$834,718
50$874,207$745,108$709,758$851,780
51$922,746$740,988$692,904$869,575
52$974,956$735,386$674,206$888,190
53$1,031,171$728,189$653,562$907,726
54$1,091,758$719,279$630,864$928,293
55$1,157,120$708,526$606,001$950,018
56$1,227,701$695,799$578,857$973,040
57$1,303,986$680,953$549,308$997,519
58$1,386,511$663,837$517,228$1,023,633
59$1,475,863$644,293$482,483$1,051,580
60$1,572,689$622,152$444,934$1,081,583
61$1,677,699$597,233$404,435$1,113,891
62$1,791,675$569,348$360,835$1,148,784
63$1,915,476$538,296$313,973$1,186,571
64$2,050,048$503,866$263,684$1,227,601
65$2,196,431$465,834$209,796$1,272,261
66$2,355,769$423,962$152,126$1,320,982
67$2,529,322$378,000$90,487$1,374,247
68$2,718,475$327,684$24,680$1,432,589
69$2,924,754$272,735$0$1,496,607
70$3,149,835$212,856$0$1,579,599
71$3,395,569$147,735$0$1,677,794
72$3,663,987$77,045$0$1,785,221
73$3,957,329$435$0$1,902,856
74$4,278,059$0$0$2,031,777
75$4,628,893$0$0$2,200,400
76$5,012,817$0$0$2,385,169
77$5,433,122$0$0$2,587,535
78$5,893,432$0$0$2,809,254
79$6,397,737$0$0$3,052,258
80$6,950,431$0$0$3,318,677
81$7,556,353$0$0$3,610,856
82$8,220,835$0$0$3,931,378
83$8,949,746$0$0$4,283,088
84$9,749,553$0$0$4,669,120
85$10,627,379$0$0$5,092,926
86$11,591,070$0$0$5,558,308
87$12,649,267$0$0$6,069,455
88$13,811,492$0$0$6,630,981
89$15,088,231$0$0$7,247,969
90$16,491,039$0$0$7,926,020
91$18,032,644$0$0$8,671,303
92$19,727,067$0$0$9,490,616
93$21,589,756$0$0$10,391,445
94$23,637,731$0$0$11,382,042
95$25,889,744$0$0$12,471,496
96$28,366,451$0$0$13,669,821
97$31,090,616$0$0$14,988,053
98$34,087,315$0$0$16,438,346
99$37,384,179$0$0$18,034,098
100$41,011,652$0$0$19,790,065