Can I retire at age 48 with 720,000?

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 $720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$59,457$58,927$58,411$57,906$57,414$56,049
2 years$29,434$28,886$28,355$27,840$27,340$25,972
3 years$19,428$18,877$18,347$17,837$17,346$16,019
4 years$14,426$13,877$13,352$12,851$12,371$11,095
5 years$11,425$10,880$10,362$9,870$9,404$8,182
6 years$9,425$8,884$8,374$7,894$7,441$6,275
7 years$7,998$7,461$6,959$6,490$6,052$4,941
8 years$6,927$6,395$5,902$5,444$5,020$3,965
9 years$6,095$5,568$5,083$4,637$4,228$3,227
10 years$5,430$4,908$4,431$3,997$3,602$2,655
11 years$4,886$4,369$3,901$3,479$3,098$2,202
12 years$4,433$3,922$3,462$3,051$2,685$1,839
13 years$4,050$3,544$3,093$2,694$2,341$1,545
14 years$3,722$3,221$2,779$2,391$2,052$1,303
15 years$3,438$2,943$2,509$2,133$1,807$1,103
16 years$3,190$2,700$2,275$1,910$1,597$937
17 years$2,971$2,487$2,070$1,716$1,416$797
18 years$2,777$2,298$1,890$1,546$1,259$680
19 years$2,603$2,130$1,730$1,397$1,122$581
20 years$2,447$1,979$1,588$1,265$1,002$497
21 years$2,306$1,843$1,461$1,148$897$426
22 years$2,178$1,721$1,346$1,044$804$366
23 years$2,061$1,609$1,243$951$722$314
24 years$1,954$1,508$1,149$867$649$270
25 years$1,856$1,415$1,065$792$584$232
26 years$1,766$1,330$987$724$526$200
27 years$1,682$1,252$917$663$474$172
28 years$1,605$1,179$852$607$428$148
29 years$1,533$1,113$793$557$386$128
30 years$1,466$1,051$739$511$349$110
31 years$1,403$993$689$469$316$95
32 years$1,344$940$643$431$285$82
33 years$1,289$890$600$397$258$71
34 years$1,238$844$561$365$234$61
35 years$1,189$800$524$336$212$52
36 years$1,144$759$490$309$192$45
37 years$1,100$721$459$285$174$39
38 years$1,060$685$430$263$158$34
39 years$1,021$652$403$242$143$29
40 years$984$620$377$224$130$25
41 years$950$590$354$206$118$22
42 years$917$562$332$190$107$19
43 years$885$536$312$176$97$16
44 years$855$511$292$162$88$14
45 years$827$487$275$150$80$12
46 years$800$464$258$138$73$10
47 years$774$443$242$128$66$9
48 years$749$423$228$118$60$8
49 years$726$404$214$109$54$7
50 years$703$386$201$101$49$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $720,000, adding $5,870 every year, while hoping to spend $34,799 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: 27/49/24 Blend
47$720,000$720,000$720,000$720,000
48$799,495$761,335$750,175$814,928
49$844,018$761,614$738,280$827,936
50$891,915$760,741$724,820$838,469
51$943,495$758,622$709,706$849,050
52$999,096$755,159$692,845$859,705
53$1,059,087$750,245$674,139$870,466
54$1,123,877$743,771$653,486$881,371
55$1,193,914$735,617$630,780$892,468
56$1,269,690$725,659$605,907$903,810
57$1,351,746$713,764$578,753$915,462
58$1,440,677$699,791$549,194$927,497
59$1,537,137$683,591$517,103$940,003
60$1,641,845$665,008$482,346$953,080
61$1,755,594$643,873$444,785$966,842
62$1,879,252$620,011$404,273$981,422
63$2,013,778$593,234$360,658$996,971
64$2,160,225$563,344$313,782$1,013,662
65$2,319,753$530,133$263,479$1,031,690
66$2,493,637$493,378$209,574$1,051,279
67$2,683,281$452,847$151,888$1,072,681
68$2,890,230$408,291$90,231$1,096,183
69$3,116,186$359,449$24,406$1,122,107
70$3,363,020$306,046$0$1,150,817
71$3,632,795$247,789$0$1,194,463
72$3,927,779$184,369$0$1,249,200
73$4,250,471$115,462$0$1,309,346
74$4,603,623$40,724$0$1,375,544
75$4,990,264$0$0$1,448,507
76$5,413,729$0$0$1,550,712
77$5,877,694$0$0$1,686,867
78$6,386,204$0$0$1,836,217
79$6,943,715$0$0$2,000,085
80$7,555,134$0$0$2,179,929
81$8,225,869$0$0$2,377,356
82$8,961,871$0$0$2,594,136
83$9,769,700$0$0$2,832,218
84$10,656,580$0$0$3,093,748
85$11,630,468$0$0$3,381,093
86$12,700,130$0$0$3,696,858
87$13,875,224$0$0$4,043,914
88$15,166,387$0$0$4,425,425
89$16,585,340$0$0$4,844,874
90$18,144,993$0$0$5,306,100
91$19,859,571$0$0$5,813,334
92$21,744,745$0$0$6,371,234
93$23,817,781$0$0$6,984,937
94$26,097,702$0$0$7,660,097
95$28,605,465$0$0$8,402,949
96$31,364,164$0$0$9,220,360
97$34,399,239$0$0$10,119,897
98$37,738,723$0$0$11,109,897
99$41,413,504$0$0$12,199,546
100$45,457,613$0$0$13,398,968