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%12.3%
1 years$61,109$60,564$60,033$59,515$59,009$58,441
2 years$30,252$29,688$29,142$28,613$28,099$27,528
3 years$19,967$19,402$18,857$18,333$17,827$17,269
4 years$14,826$14,262$13,723$13,208$12,715$12,174
5 years$11,743$11,182$10,650$10,145$9,665$9,145
6 years$9,687$9,131$8,607$8,113$7,648$7,147
7 years$8,220$7,668$7,152$6,670$6,220$5,739
8 years$7,120$6,573$6,066$5,595$5,160$4,700
9 years$6,265$5,723$5,224$4,766$4,345$3,905
10 years$5,581$5,044$4,555$4,108$3,703$3,282
11 years$5,022$4,491$4,010$3,575$3,184$2,784
12 years$4,556$4,031$3,559$3,136$2,759$2,378
13 years$4,163$3,643$3,179$2,769$2,406$2,043
14 years$3,826$3,311$2,857$2,458$2,109$1,765
15 years$3,534$3,025$2,579$2,192$1,857$1,530
16 years$3,278$2,775$2,338$1,963$1,641$1,332
17 years$3,054$2,556$2,128$1,763$1,455$1,162
18 years$2,854$2,362$1,942$1,589$1,294$1,017
19 years$2,675$2,189$1,778$1,436$1,153$892
20 years$2,515$2,034$1,632$1,301$1,030$783
21 years$2,370$1,894$1,501$1,180$922$689
22 years$2,238$1,768$1,383$1,073$826$607
23 years$2,119$1,654$1,277$977$742$536
24 years$2,009$1,550$1,181$891$667$473
25 years$1,908$1,454$1,094$814$600$419
26 years$1,815$1,367$1,015$744$540$370
27 years$1,729$1,286$942$681$487$328
28 years$1,649$1,212$876$624$440$291
29 years$1,575$1,143$815$572$397$258
30 years$1,506$1,080$759$525$359$228
31 years$1,442$1,021$708$483$324$203
32 years$1,382$966$661$443$293$180
33 years$1,325$915$617$408$266$160
34 years$1,272$867$576$375$240$142
35 years$1,222$822$539$345$218$126
36 years$1,175$780$504$318$197$112
37 years$1,131$741$472$293$179$100
38 years$1,089$704$442$270$162$89
39 years$1,049$670$414$249$147$79
40 years$1,012$637$388$230$133$70
41 years$976$607$364$212$121$62
42 years$942$578$341$196$110$55
43 years$910$551$320$181$100$49
44 years$879$525$301$167$90$44
45 years$850$500$282$154$82$39
46 years$822$477$265$142$75$35
47 years$796$456$249$131$68$31
48 years$770$435$234$121$61$28
49 years$746$415$220$112$56$25
50 years$722$397$207$104$51$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $740,000, adding $5,821 every year, while hoping to spend $32,025 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: 63/21/16 Blend
47$740,000$740,000$740,000$740,000
48$821,484$782,264$770,794$869,627
49$871,201$786,521$762,542$906,920
50$924,916$789,913$752,939$943,457
51$983,003$792,364$741,908$982,588
52$1,045,872$793,793$729,365$1,024,568
53$1,113,976$794,114$715,224$1,069,676
54$1,187,812$793,235$699,394$1,118,223
55$1,267,925$791,060$681,780$1,170,552
56$1,354,918$787,486$662,283$1,227,039
57$1,449,449$782,403$640,800$1,288,103
58$1,552,248$775,695$617,221$1,354,205
59$1,664,113$767,240$591,434$1,425,855
60$1,785,924$756,907$563,319$1,503,615
61$1,918,651$744,558$532,752$1,588,108
62$2,063,358$730,046$499,605$1,680,018
63$2,221,219$713,217$463,740$1,780,106
64$2,393,525$693,906$425,017$1,889,206
65$2,581,698$671,940$383,288$2,008,244
66$2,787,300$647,135$338,397$2,138,239
67$3,012,056$619,295$290,185$2,280,318
68$3,257,861$588,216$238,481$2,435,725
69$3,526,803$553,679$183,111$2,605,831
70$3,821,182$515,454$123,890$2,792,152
71$4,143,528$473,297$60,626$2,996,361
72$4,496,631$426,951$0$3,220,303
73$4,883,559$376,144$0$3,467,191
74$5,307,694$320,587$0$3,749,220
75$5,772,761$259,978$0$4,058,546
76$6,282,861$193,995$0$4,397,947
77$6,842,511$122,299$0$4,770,484
78$7,456,687$44,532$0$5,179,532
79$8,130,871$0$0$5,628,813
80$8,871,100$0$0$6,131,602
81$9,684,025$0$0$6,695,125
82$10,576,973$0$0$7,314,178
83$11,558,015$0$0$7,994,363
84$12,636,041$0$0$8,741,852
85$13,820,849$0$0$9,563,445
86$15,123,229$0$0$10,466,633
87$16,555,070$0$0$11,459,669
88$18,129,471$0$0$12,551,646
89$19,860,863$0$0$13,752,582
90$21,765,146$0$0$15,073,515
91$23,859,837$0$0$16,526,605
92$26,164,239$0$0$18,125,252
93$28,699,617$0$0$19,884,218
94$31,489,401$0$0$21,819,769
95$34,559,411$0$0$23,949,829
96$37,938,090$0$0$26,294,144
97$41,656,785$0$0$28,874,475
98$45,750,030$0$0$31,714,798
99$50,255,880$0$0$34,841,529
100$55,216,266$0$0$38,283,779