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%16.5%
1 years$59,457$58,927$58,411$57,906$57,414$55,890
2 years$29,434$28,886$28,355$27,840$27,340$25,815
3 years$19,428$18,877$18,347$17,837$17,346$15,868
4 years$14,426$13,877$13,352$12,851$12,371$10,952
5 years$11,425$10,880$10,362$9,870$9,404$8,047
6 years$9,425$8,884$8,374$7,894$7,441$6,148
7 years$7,998$7,461$6,959$6,490$6,052$4,822
8 years$6,927$6,395$5,902$5,444$5,020$3,853
9 years$6,095$5,568$5,083$4,637$4,228$3,123
10 years$5,430$4,908$4,431$3,997$3,602$2,558
11 years$4,886$4,369$3,901$3,479$3,098$2,113
12 years$4,433$3,922$3,462$3,051$2,685$1,756
13 years$4,050$3,544$3,093$2,694$2,341$1,468
14 years$3,722$3,221$2,779$2,391$2,052$1,232
15 years$3,438$2,943$2,509$2,133$1,807$1,038
16 years$3,190$2,700$2,275$1,910$1,597$877
17 years$2,971$2,487$2,070$1,716$1,416$743
18 years$2,777$2,298$1,890$1,546$1,259$630
19 years$2,603$2,130$1,730$1,397$1,122$536
20 years$2,447$1,979$1,588$1,265$1,002$456
21 years$2,306$1,843$1,461$1,148$897$389
22 years$2,178$1,721$1,346$1,044$804$332
23 years$2,061$1,609$1,243$951$722$283
24 years$1,954$1,508$1,149$867$649$242
25 years$1,856$1,415$1,065$792$584$207
26 years$1,766$1,330$987$724$526$177
27 years$1,682$1,252$917$663$474$152
28 years$1,605$1,179$852$607$428$130
29 years$1,533$1,113$793$557$386$111
30 years$1,466$1,051$739$511$349$95
31 years$1,403$993$689$469$316$82
32 years$1,344$940$643$431$285$70
33 years$1,289$890$600$397$258$60
34 years$1,238$844$561$365$234$52
35 years$1,189$800$524$336$212$44
36 years$1,144$759$490$309$192$38
37 years$1,100$721$459$285$174$33
38 years$1,060$685$430$263$158$28
39 years$1,021$652$403$242$143$24
40 years$984$620$377$224$130$21
41 years$950$590$354$206$118$18
42 years$917$562$332$190$107$15
43 years$885$536$312$176$97$13
44 years$855$511$292$162$88$11
45 years$827$487$275$150$80$10
46 years$800$464$258$138$73$8
47 years$774$443$242$128$66$7
48 years$749$423$228$118$60$6
49 years$726$404$214$109$54$5
50 years$703$386$201$101$49$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $720,000, adding $6,645 every year, while hoping to spend $26,069 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: 57/32/11 Blend
47$720,000$720,000$720,000$720,000
48$800,294$762,134$750,974$843,373
49$854,187$771,742$748,395$882,838
50$912,703$780,946$744,855$922,350
51$976,287$789,700$740,295$964,779
52$1,045,426$797,954$734,654$1,010,410
53$1,120,659$805,653$727,864$1,059,553
54$1,202,576$812,740$719,857$1,112,554
55$1,291,829$819,154$710,562$1,169,793
56$1,389,133$824,830$699,904$1,231,689
57$1,495,276$829,699$687,802$1,298,704
58$1,611,127$833,686$674,176$1,371,350
59$1,737,639$836,714$658,938$1,450,191
60$1,875,864$838,698$641,998$1,535,849
61$2,026,958$839,551$623,261$1,629,009
62$2,192,197$839,178$602,630$1,730,429
63$2,372,983$837,479$579,999$1,840,946
64$2,570,860$834,348$555,262$1,961,482
65$2,787,529$829,673$528,305$2,093,054
66$3,024,863$823,333$499,009$2,236,786
67$3,284,925$815,202$467,252$2,393,916
68$3,569,986$805,146$432,904$2,565,813
69$3,882,549$793,023$395,830$2,753,983
70$4,225,368$778,680$355,890$2,960,093
71$4,601,479$761,959$312,936$3,185,977
72$5,014,225$742,690$266,814$3,433,662
73$5,467,288$720,694$217,364$3,705,381
74$5,964,724$695,780$164,419$4,003,601
75$6,511,002$667,749$107,802$4,331,041
76$7,111,042$636,387$47,332$4,690,700
77$7,770,269$601,470$0$5,085,888
78$8,494,654$562,760$0$5,522,272
79$9,290,779$520,006$0$6,007,921
80$10,165,893$472,941$0$6,541,736
81$11,127,984$421,284$0$7,128,641
82$12,185,850$364,740$0$7,774,063
83$13,349,188$302,993$0$8,483,987
84$14,628,678$235,712$0$9,265,011
85$16,036,089$162,548$0$10,124,408
86$17,584,388$83,131$0$11,070,201
87$19,287,860$0$0$12,111,232
88$21,162,248$0$0$13,258,281
89$23,224,894$0$0$14,552,823
90$25,494,910$0$0$15,977,587
91$27,993,350$0$0$17,545,798
92$30,743,418$0$0$19,272,031
93$33,770,677$0$0$21,172,340
94$37,103,296$0$0$23,264,420
95$40,772,314$0$0$25,567,765
96$44,811,934$0$0$28,103,859
97$49,259,842$0$0$30,896,372
98$54,157,565$0$0$33,971,388
99$59,550,861$0$0$37,357,648
100$65,490,155$0$0$41,086,824