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%17%
1 years$61,109$60,564$60,033$59,515$59,009$57,327
2 years$30,252$29,688$29,142$28,613$28,099$26,418
3 years$19,967$19,402$18,857$18,333$17,827$16,199
4 years$14,826$14,262$13,723$13,208$12,715$11,152
5 years$11,743$11,182$10,650$10,145$9,665$8,173
6 years$9,687$9,131$8,607$8,113$7,648$6,227
7 years$8,220$7,668$7,152$6,670$6,220$4,870
8 years$7,120$6,573$6,066$5,595$5,160$3,880
9 years$6,265$5,723$5,224$4,766$4,345$3,135
10 years$5,581$5,044$4,555$4,108$3,703$2,560
11 years$5,022$4,491$4,010$3,575$3,184$2,108
12 years$4,556$4,031$3,559$3,136$2,759$1,746
13 years$4,163$3,643$3,179$2,769$2,406$1,455
14 years$3,826$3,311$2,857$2,458$2,109$1,217
15 years$3,534$3,025$2,579$2,192$1,857$1,022
16 years$3,278$2,775$2,338$1,963$1,641$860
17 years$3,054$2,556$2,128$1,763$1,455$726
18 years$2,854$2,362$1,942$1,589$1,294$614
19 years$2,675$2,189$1,778$1,436$1,153$520
20 years$2,515$2,034$1,632$1,301$1,030$441
21 years$2,370$1,894$1,501$1,180$922$374
22 years$2,238$1,768$1,383$1,073$826$318
23 years$2,119$1,654$1,277$977$742$271
24 years$2,009$1,550$1,181$891$667$230
25 years$1,908$1,454$1,094$814$600$196
26 years$1,815$1,367$1,015$744$540$167
27 years$1,729$1,286$942$681$487$143
28 years$1,649$1,212$876$624$440$122
29 years$1,575$1,143$815$572$397$104
30 years$1,506$1,080$759$525$359$89
31 years$1,442$1,021$708$483$324$76
32 years$1,382$966$661$443$293$65
33 years$1,325$915$617$408$266$55
34 years$1,272$867$576$375$240$47
35 years$1,222$822$539$345$218$40
36 years$1,175$780$504$318$197$34
37 years$1,131$741$472$293$179$29
38 years$1,089$704$442$270$162$25
39 years$1,049$670$414$249$147$21
40 years$1,012$637$388$230$133$18
41 years$976$607$364$212$121$16
42 years$942$578$341$196$110$13
43 years$910$551$320$181$100$11
44 years$879$525$301$167$90$10
45 years$850$500$282$154$82$8
46 years$822$477$265$142$75$7
47 years$796$456$249$131$68$6
48 years$770$435$234$121$61$5
49 years$746$415$220$112$56$4
50 years$722$397$207$104$51$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $740,000, adding $4,862 every year, while hoping to spend $46,762 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: 74/18/8 Blend
47$740,000$740,000$740,000$740,000
48$820,495$781,275$769,805$879,829
49$854,431$769,803$745,839$908,119
50$890,262$756,202$719,503$932,729
51$928,130$740,318$690,668$958,367
52$968,193$721,987$659,200$985,120
53$1,010,623$701,039$624,957$1,013,084
54$1,055,606$677,289$587,793$1,042,364
55$1,103,348$650,546$547,554$1,073,079
56$1,154,071$620,605$504,078$1,105,359
57$1,208,021$587,249$457,200$1,139,349
58$1,265,465$550,250$406,742$1,175,210
59$1,326,697$509,366$352,522$1,213,121
60$1,392,037$464,342$294,348$1,253,279
61$1,461,837$414,907$232,021$1,295,904
62$1,536,483$360,776$165,332$1,341,239
63$1,616,397$301,647$94,064$1,389,554
64$1,702,043$237,202$17,989$1,441,149
65$1,793,929$167,103$0$1,496,354
66$1,892,614$90,994$0$1,560,933
67$1,998,709$8,501$0$1,631,886
68$2,112,887$0$0$1,708,151
69$2,235,885$0$0$1,806,249
70$2,368,515$0$0$1,913,868
71$2,511,668$0$0$2,030,051
72$2,666,321$0$0$2,155,596
73$2,833,551$0$0$2,291,378
74$3,014,538$0$0$2,438,361
75$3,210,584$0$0$2,597,604
76$3,423,115$0$0$2,770,272
77$3,653,704$0$0$2,957,644
78$3,904,078$0$0$3,161,130
79$4,176,138$0$0$3,382,279
80$4,471,974$0$0$3,622,794
81$4,793,887$0$0$3,884,551
82$5,144,406$0$0$4,169,612
83$5,526,316$0$0$4,480,247
84$5,942,683$0$0$4,818,956
85$6,396,878$0$0$5,188,487
86$6,892,615$0$0$5,591,867
87$7,433,979$0$0$6,032,428
88$8,025,470$0$0$6,513,837
89$8,672,039$0$0$7,040,132
90$9,379,140$0$0$7,615,758
91$10,152,775$0$0$8,245,611
92$10,999,555$0$0$8,935,079
93$11,926,760$0$0$9,690,099
94$12,942,404$0$0$10,517,205
95$14,055,317$0$0$11,423,595
96$15,275,219$0$0$12,417,197
97$16,612,819$0$0$13,506,740
98$18,079,909$0$0$14,701,841
99$19,689,479$0$0$16,013,091
100$21,455,835$0$0$17,452,156