Can I retire at age 48 with 720,000?

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 $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%16.9%
1 years$59,457$58,927$58,411$57,906$57,414$55,800
2 years$29,434$28,886$28,355$27,840$27,340$25,726
3 years$19,428$18,877$18,347$17,837$17,346$15,782
4 years$14,426$13,877$13,352$12,851$12,371$10,871
5 years$11,425$10,880$10,362$9,870$9,404$7,971
6 years$9,425$8,884$8,374$7,894$7,441$6,076
7 years$7,998$7,461$6,959$6,490$6,052$4,755
8 years$6,927$6,395$5,902$5,444$5,020$3,791
9 years$6,095$5,568$5,083$4,637$4,228$3,065
10 years$5,430$4,908$4,431$3,997$3,602$2,504
11 years$4,886$4,369$3,901$3,479$3,098$2,063
12 years$4,433$3,922$3,462$3,051$2,685$1,711
13 years$4,050$3,544$3,093$2,694$2,341$1,426
14 years$3,722$3,221$2,779$2,391$2,052$1,194
15 years$3,438$2,943$2,509$2,133$1,807$1,003
16 years$3,190$2,700$2,275$1,910$1,597$845
17 years$2,971$2,487$2,070$1,716$1,416$713
18 years$2,777$2,298$1,890$1,546$1,259$604
19 years$2,603$2,130$1,730$1,397$1,122$512
20 years$2,447$1,979$1,588$1,265$1,002$434
21 years$2,306$1,843$1,461$1,148$897$369
22 years$2,178$1,721$1,346$1,044$804$314
23 years$2,061$1,609$1,243$951$722$267
24 years$1,954$1,508$1,149$867$649$228
25 years$1,856$1,415$1,065$792$584$194
26 years$1,766$1,330$987$724$526$166
27 years$1,682$1,252$917$663$474$141
28 years$1,605$1,179$852$607$428$121
29 years$1,533$1,113$793$557$386$103
30 years$1,466$1,051$739$511$349$88
31 years$1,403$993$689$469$316$75
32 years$1,344$940$643$431$285$64
33 years$1,289$890$600$397$258$55
34 years$1,238$844$561$365$234$47
35 years$1,189$800$524$336$212$40
36 years$1,144$759$490$309$192$34
37 years$1,100$721$459$285$174$29
38 years$1,060$685$430$263$158$25
39 years$1,021$652$403$242$143$21
40 years$984$620$377$224$130$18
41 years$950$590$354$206$118$16
42 years$917$562$332$190$107$13
43 years$885$536$312$176$97$11
44 years$855$511$292$162$88$10
45 years$827$487$275$150$80$8
46 years$800$464$258$138$73$7
47 years$774$443$242$128$66$6
48 years$749$423$228$118$60$5
49 years$726$404$214$109$54$4
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 $4,657 every year, while hoping to spend $50,174 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: 37/42/21 Blend
47$720,000$720,000$720,000$720,000
48$798,244$760,084$748,924$822,582
49$826,280$743,943$720,628$824,564
50$855,494$725,330$689,703$821,673
51$885,953$704,070$656,007$817,526
52$917,730$679,979$619,393$812,040
53$950,903$652,863$579,707$805,126
54$985,556$622,513$536,787$796,693
55$1,021,779$588,713$490,466$786,646
56$1,059,672$551,231$440,568$774,886
57$1,099,340$509,824$386,909$761,308
58$1,140,900$464,232$329,297$745,803
59$1,184,475$414,183$267,532$728,260
60$1,230,202$359,388$201,405$708,562
61$1,278,228$299,544$130,698$686,586
62$1,328,713$234,327$55,182$662,207
63$1,381,831$163,397$0$635,295
64$1,437,770$86,397$0$611,407
65$1,496,738$2,945$0$598,277
66$1,558,958$0$0$583,443
67$1,624,676$0$0$607,190
68$1,694,158$0$0$633,780
69$1,767,696$0$0$661,969
70$1,845,607$0$0$691,885
71$1,928,241$0$0$723,667
72$2,015,976$0$0$757,470
73$2,109,228$0$0$793,460
74$2,208,452$0$0$831,821
75$2,314,145$0$0$872,754
76$2,426,853$0$0$916,479
77$2,547,172$0$0$963,237
78$2,675,756$0$0$1,013,292
79$2,813,322$0$0$1,066,935
80$2,960,656$0$0$1,124,483
81$3,118,619$0$0$1,186,287
82$3,288,158$0$0$1,252,728
83$3,470,311$0$0$1,324,227
84$3,666,216$0$0$1,401,246
85$3,877,124$0$0$1,484,293
86$4,104,409$0$0$1,573,925
87$4,349,580$0$0$1,670,753
88$4,614,293$0$0$1,775,450
89$4,900,370$0$0$1,888,757
90$5,209,812$0$0$2,011,486
91$5,544,821$0$0$2,144,530
92$5,907,814$0$0$2,288,873
93$6,301,450$0$0$2,445,595
94$6,728,656$0$0$2,615,885
95$7,192,647$0$0$2,801,052
96$7,696,962$0$0$3,002,533
97$8,245,492$0$0$3,221,912
98$8,842,521$0$0$3,460,932
99$9,492,761$0$0$3,721,508
100$10,201,397$0$0$4,005,751