Can I retire at age 48 with 710,000?

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 $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%15.1%
1 years$58,631$58,109$57,599$57,102$56,616$55,428
2 years$29,025$28,485$27,961$27,453$26,960$25,768
3 years$19,158$18,615$18,093$17,589$17,105$15,947
4 years$14,225$13,684$13,167$12,672$12,199$11,084
5 years$11,266$10,728$10,218$9,733$9,274$8,205
6 years$9,295$8,761$8,258$7,784$7,338$6,316
7 years$7,887$7,357$6,862$6,400$5,968$4,993
8 years$6,831$6,306$5,820$5,368$4,951$4,023
9 years$6,011$5,491$5,012$4,573$4,169$3,288
10 years$5,355$4,840$4,370$3,942$3,552$2,717
11 years$4,818$4,309$3,847$3,430$3,055$2,264
12 years$4,372$3,867$3,414$3,009$2,648$1,899
13 years$3,994$3,495$3,050$2,656$2,309$1,603
14 years$3,670$3,177$2,741$2,358$2,024$1,358
15 years$3,390$2,902$2,475$2,103$1,782$1,155
16 years$3,146$2,663$2,244$1,883$1,575$986
17 years$2,930$2,452$2,042$1,692$1,396$844
18 years$2,738$2,266$1,864$1,525$1,242$723
19 years$2,567$2,100$1,706$1,378$1,107$621
20 years$2,413$1,951$1,566$1,248$989$535
21 years$2,274$1,818$1,440$1,132$885$461
22 years$2,148$1,697$1,327$1,030$793$397
23 years$2,033$1,587$1,226$938$712$343
24 years$1,927$1,487$1,133$855$640$296
25 years$1,830$1,395$1,050$781$576$256
26 years$1,741$1,311$974$714$519$222
27 years$1,659$1,234$904$654$468$192
28 years$1,582$1,163$841$599$422$166
29 years$1,511$1,097$782$549$381$144
30 years$1,445$1,036$729$504$344$125
31 years$1,383$979$679$463$311$108
32 years$1,326$927$634$425$281$94
33 years$1,272$878$592$391$255$82
34 years$1,221$832$553$360$231$71
35 years$1,173$789$517$331$209$61
36 years$1,128$749$484$305$189$53
37 years$1,085$711$453$281$172$46
38 years$1,045$676$424$259$156$40
39 years$1,007$643$397$239$141$35
40 years$971$612$372$220$128$30
41 years$936$582$349$203$116$26
42 years$904$554$327$188$105$23
43 years$873$528$307$173$96$20
44 years$844$503$288$160$87$17
45 years$816$480$271$148$79$15
46 years$789$458$254$136$72$13
47 years$763$437$239$126$65$11
48 years$739$417$225$117$59$10
49 years$716$398$211$108$54$9
50 years$693$381$198$100$49$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $710,000, adding $5,493 every year, while hoping to spend $44,444 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: 63/27/10 Blend
47$710,000$710,000$710,000$710,000
48$788,086$750,456$739,451$835,652
49$821,183$739,940$716,935$857,606
50$856,166$727,420$692,174$875,908
51$893,180$712,749$665,048$894,772
52$932,386$695,775$635,428$914,250
53$973,955$676,334$603,181$934,403
54$1,018,079$654,254$568,167$955,300
55$1,064,963$629,353$530,241$977,018
56$1,114,835$601,437$489,251$999,644
57$1,167,944$570,303$445,036$1,023,278
58$1,224,561$535,735$397,431$1,048,028
59$1,284,983$497,503$346,262$1,074,019
60$1,349,537$455,366$291,348$1,101,391
61$1,418,581$409,070$232,499$1,130,300
62$1,492,506$358,344$169,517$1,160,922
63$1,571,742$302,903$102,196$1,193,452
64$1,656,760$242,446$30,321$1,228,111
65$1,748,079$176,655$0$1,265,145
66$1,846,265$105,194$0$1,309,779
67$1,951,943$27,707$0$1,361,143
68$2,065,796$0$0$1,416,369
69$2,188,578$0$0$1,492,558
70$2,321,113$0$0$1,583,725
71$2,464,310$0$0$1,682,268
72$2,619,166$0$0$1,788,877
73$2,786,777$0$0$1,904,313
74$2,968,349$0$0$2,029,413
75$3,165,207$0$0$2,165,095
76$3,378,808$0$0$2,312,370
77$3,610,756$0$0$2,472,349
78$3,862,812$0$0$2,646,256
79$4,136,916$0$0$2,835,436
80$4,435,202$0$0$3,041,369
81$4,760,017$0$0$3,265,685
82$5,113,945$0$0$3,510,174
83$5,499,828$0$0$3,776,810
84$5,920,795$0$0$4,067,763
85$6,380,291$0$0$4,385,424
86$6,882,106$0$0$4,732,423
87$7,430,413$0$0$5,111,656
88$8,029,807$0$0$5,526,311
89$8,685,346$0$0$5,979,899
90$9,402,599$0$0$6,476,285
91$10,187,701$0$0$7,019,725
92$11,047,402$0$0$7,614,906
93$11,989,141$0$0$8,266,990
94$13,021,106$0$0$8,981,659
95$14,152,318$0$0$9,765,176
96$15,392,710$0$0$10,624,433
97$16,753,223$0$0$11,567,026
98$18,245,907$0$0$12,601,319
99$19,884,036$0$0$13,736,525
100$21,682,232$0$0$14,982,794