Can I retire at age 48 with 740,000?

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 $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%11.9%
1 years$61,109$60,564$60,033$59,515$59,009$58,539
2 years$30,252$29,688$29,142$28,613$28,099$27,626
3 years$19,967$19,402$18,857$18,333$17,827$17,365
4 years$14,826$14,262$13,723$13,208$12,715$12,266
5 years$11,743$11,182$10,650$10,145$9,665$9,233
6 years$9,687$9,131$8,607$8,113$7,648$7,232
7 years$8,220$7,668$7,152$6,670$6,220$5,820
8 years$7,120$6,573$6,066$5,595$5,160$4,777
9 years$6,265$5,723$5,224$4,766$4,345$3,979
10 years$5,581$5,044$4,555$4,108$3,703$3,352
11 years$5,022$4,491$4,010$3,575$3,184$2,850
12 years$4,556$4,031$3,559$3,136$2,759$2,440
13 years$4,163$3,643$3,179$2,769$2,406$2,103
14 years$3,826$3,311$2,857$2,458$2,109$1,821
15 years$3,534$3,025$2,579$2,192$1,857$1,583
16 years$3,278$2,775$2,338$1,963$1,641$1,381
17 years$3,054$2,556$2,128$1,763$1,455$1,209
18 years$2,854$2,362$1,942$1,589$1,294$1,061
19 years$2,675$2,189$1,778$1,436$1,153$933
20 years$2,515$2,034$1,632$1,301$1,030$822
21 years$2,370$1,894$1,501$1,180$922$725
22 years$2,238$1,768$1,383$1,073$826$641
23 years$2,119$1,654$1,277$977$742$567
24 years$2,009$1,550$1,181$891$667$503
25 years$1,908$1,454$1,094$814$600$446
26 years$1,815$1,367$1,015$744$540$396
27 years$1,729$1,286$942$681$487$352
28 years$1,649$1,212$876$624$440$312
29 years$1,575$1,143$815$572$397$278
30 years$1,506$1,080$759$525$359$247
31 years$1,442$1,021$708$483$324$220
32 years$1,382$966$661$443$293$196
33 years$1,325$915$617$408$266$175
34 years$1,272$867$576$375$240$156
35 years$1,222$822$539$345$218$139
36 years$1,175$780$504$318$197$124
37 years$1,131$741$472$293$179$110
38 years$1,089$704$442$270$162$99
39 years$1,049$670$414$249$147$88
40 years$1,012$637$388$230$133$78
41 years$976$607$364$212$121$70
42 years$942$578$341$196$110$63
43 years$910$551$320$181$100$56
44 years$879$525$301$167$90$50
45 years$850$500$282$154$82$45
46 years$822$477$265$142$75$40
47 years$796$456$249$131$68$35
48 years$770$435$234$121$61$32
49 years$746$415$220$112$56$28
50 years$722$397$207$104$51$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $740,000, adding $2,386 every year, while hoping to spend $27,154 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: 65/7/28 Blend
47$740,000$740,000$740,000$740,000
48$817,941$778,721$767,251$864,905
49$872,480$787,987$764,062$906,209
50$931,671$796,796$759,857$948,109
51$995,961$805,099$754,572$993,315
52$1,065,840$812,840$748,141$1,042,153
53$1,141,848$819,962$740,496$1,094,988
54$1,224,578$826,402$731,565$1,152,217
55$1,314,685$832,095$721,271$1,214,284
56$1,412,886$836,971$709,537$1,281,674
57$1,519,972$840,954$696,279$1,354,926
58$1,636,815$843,967$681,410$1,434,631
59$1,764,373$845,924$664,840$1,521,445
60$1,903,701$846,737$646,474$1,616,089
61$2,055,961$846,308$626,213$1,719,359
62$2,222,430$844,539$603,952$1,832,134
63$2,404,517$841,321$579,584$1,955,382
64$2,603,772$836,540$552,995$2,090,174
65$2,821,902$830,075$524,065$2,237,689
66$3,060,787$821,799$492,672$2,399,228
67$3,322,496$811,576$458,685$2,576,226
68$3,609,308$799,261$421,969$2,770,267
69$3,923,735$784,703$382,382$2,983,096
70$4,268,541$767,738$339,777$3,216,639
71$4,646,772$748,197$293,999$3,473,022
72$5,061,782$725,898$244,887$3,754,587
73$5,517,265$700,648$192,273$4,063,917
74$6,017,292$672,246$135,980$4,403,862
75$6,566,346$640,476$75,825$4,777,565
76$7,169,365$605,111$11,616$5,188,491
77$7,831,789$565,910$0$5,640,462
78$8,559,611$522,620$0$6,154,692
79$9,359,434$474,971$0$6,723,636
80$10,238,532$422,680$0$7,349,009
81$11,204,918$365,447$0$8,036,528
82$12,267,419$302,953$0$8,792,492
83$13,435,763$234,865$0$9,623,845
84$14,720,666$160,828$0$10,538,235
85$16,133,934$80,469$0$11,544,091
86$17,688,576$0$0$12,650,703
87$19,398,924$0$0$13,868,814
88$21,280,770$0$0$15,215,941
89$23,351,514$0$0$16,698,350
90$25,630,327$0$0$18,329,771
91$28,138,334$0$0$20,125,335
92$30,898,809$0$0$22,101,713
93$33,937,399$0$0$24,277,276
94$37,282,363$0$0$26,672,263
95$40,964,838$0$0$29,308,977
96$45,019,136$0$0$32,211,996
97$49,483,063$0$0$35,408,397
98$54,398,278$0$0$38,928,021
99$59,810,684$0$0$42,803,748
100$65,770,865$0$0$47,071,808