Can I retire at age 48 with 740,000?

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 $740,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$61,109$60,564$60,033$59,515$59,009$58,637
2 years$30,252$29,688$29,142$28,613$28,099$27,724
3 years$19,967$19,402$18,857$18,333$17,827$17,461
4 years$14,826$14,262$13,723$13,208$12,715$12,359
5 years$11,743$11,182$10,650$10,145$9,665$9,322
6 years$9,687$9,131$8,607$8,113$7,648$7,317
7 years$8,220$7,668$7,152$6,670$6,220$5,902
8 years$7,120$6,573$6,066$5,595$5,160$4,855
9 years$6,265$5,723$5,224$4,766$4,345$4,053
10 years$5,581$5,044$4,555$4,108$3,703$3,423
11 years$5,022$4,491$4,010$3,575$3,184$2,917
12 years$4,556$4,031$3,559$3,136$2,759$2,505
13 years$4,163$3,643$3,179$2,769$2,406$2,163
14 years$3,826$3,311$2,857$2,458$2,109$1,878
15 years$3,534$3,025$2,579$2,192$1,857$1,637
16 years$3,278$2,775$2,338$1,963$1,641$1,433
17 years$3,054$2,556$2,128$1,763$1,455$1,257
18 years$2,854$2,362$1,942$1,589$1,294$1,106
19 years$2,675$2,189$1,778$1,436$1,153$976
20 years$2,515$2,034$1,632$1,301$1,030$862
21 years$2,370$1,894$1,501$1,180$922$763
22 years$2,238$1,768$1,383$1,073$826$677
23 years$2,119$1,654$1,277$977$742$601
24 years$2,009$1,550$1,181$891$667$534
25 years$1,908$1,454$1,094$814$600$475
26 years$1,815$1,367$1,015$744$540$423
27 years$1,729$1,286$942$681$487$377
28 years$1,649$1,212$876$624$440$336
29 years$1,575$1,143$815$572$397$300
30 years$1,506$1,080$759$525$359$268
31 years$1,442$1,021$708$483$324$239
32 years$1,382$966$661$443$293$214
33 years$1,325$915$617$408$266$191
34 years$1,272$867$576$375$240$171
35 years$1,222$822$539$345$218$153
36 years$1,175$780$504$318$197$137
37 years$1,131$741$472$293$179$122
38 years$1,089$704$442$270$162$110
39 years$1,049$670$414$249$147$98
40 years$1,012$637$388$230$133$88
41 years$976$607$364$212$121$79
42 years$942$578$341$196$110$70
43 years$910$551$320$181$100$63
44 years$879$525$301$167$90$57
45 years$850$500$282$154$82$51
46 years$822$477$265$142$75$45
47 years$796$456$249$131$68$41
48 years$770$435$234$121$61$36
49 years$746$415$220$112$56$33
50 years$722$397$207$104$51$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $740,000, adding $5,089 every year, while hoping to spend $41,415 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: 40/32/28 Blend
47$740,000$740,000$740,000$740,000
48$820,729$781,509$770,039$846,603
49$860,378$775,738$751,770$860,104
50$902,684$768,296$731,501$870,480
51$947,872$759,057$709,122$880,916
52$996,193$747,889$684,515$891,444
53$1,047,920$734,650$657,561$902,101
54$1,103,351$719,192$628,133$912,933
55$1,162,815$701,354$596,098$923,994
56$1,226,673$680,971$561,317$935,345
57$1,295,319$657,864$523,647$947,061
58$1,369,189$631,847$482,936$959,225
59$1,448,758$602,719$439,026$971,936
60$1,534,550$570,271$391,753$985,306
61$1,627,141$534,281$340,943$999,464
62$1,727,162$494,514$286,418$1,014,558
63$1,835,308$450,721$227,988$1,030,757
64$1,952,342$402,639$165,459$1,048,252
65$2,079,104$349,991$98,624$1,067,260
66$2,216,515$292,483$27,270$1,088,029
67$2,365,590$229,805$0$1,110,836
68$2,527,445$161,631$0$1,150,599
69$2,703,308$87,613$0$1,202,714
70$2,894,527$7,388$0$1,259,496
71$3,102,588$0$0$1,321,471
72$3,329,125$0$0$1,417,192
73$3,575,937$0$0$1,524,402
74$3,845,001$0$0$1,641,372
75$4,138,496$0$0$1,769,059
76$4,458,819$0$0$1,908,518
77$4,808,607$0$0$2,060,912
78$5,190,766$0$0$2,227,518
79$5,608,494$0$0$2,409,744
80$6,065,310$0$0$2,609,140
81$6,565,090$0$0$2,827,414
82$7,112,104$0$0$3,066,443
83$7,711,050$0$0$3,328,299
84$8,367,105$0$0$3,615,260
85$9,085,967$0$0$3,929,836
86$9,873,914$0$0$4,274,792
87$10,737,859$0$0$4,653,174
88$11,685,415$0$0$5,068,334
89$12,724,969$0$0$5,523,968
90$13,865,759$0$0$6,024,144
91$15,117,958$0$0$6,573,345
92$16,492,776$0$0$7,176,509
93$18,002,557$0$0$7,839,076
94$19,660,904$0$0$8,567,037
95$21,482,797$0$0$9,366,993
96$23,484,743$0$0$10,246,218
97$25,684,924$0$0$11,212,723
98$28,103,372$0$0$12,275,336
99$30,762,158$0$0$13,443,781
100$33,685,596$0$0$14,728,773