Can I retire at age 48 with 750,000?

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 $750,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$61,934$61,383$60,844$60,319$59,806$57,479
2 years$30,661$30,090$29,536$29,000$28,479$26,162
3 years$20,237$19,664$19,112$18,580$18,068$15,835
4 years$15,027$14,455$13,909$13,386$12,886$10,754
5 years$11,901$11,333$10,794$10,282$9,796$7,770
6 years$9,818$9,254$8,723$8,222$7,751$5,832
7 years$8,331$7,772$7,249$6,760$6,304$4,492
8 years$7,216$6,662$6,147$5,671$5,230$3,522
9 years$6,349$5,800$5,295$4,830$4,404$2,799
10 years$5,656$5,113$4,616$4,164$3,753$2,247
11 years$5,090$4,551$4,064$3,624$3,227$1,818
12 years$4,618$4,085$3,607$3,179$2,797$1,480
13 years$4,219$3,692$3,222$2,806$2,439$1,210
14 years$3,877$3,356$2,895$2,491$2,138$994
15 years$3,581$3,066$2,614$2,222$1,882$818
16 years$3,323$2,813$2,370$1,989$1,664$676
17 years$3,095$2,590$2,157$1,787$1,475$559
18 years$2,892$2,394$1,969$1,611$1,312$463
19 years$2,712$2,218$1,802$1,455$1,169$384
20 years$2,549$2,061$1,654$1,318$1,044$319
21 years$2,402$1,920$1,521$1,196$934$265
22 years$2,269$1,792$1,402$1,088$838$221
23 years$2,147$1,676$1,295$991$752$184
24 years$2,036$1,571$1,197$903$676$153
25 years$1,934$1,474$1,109$825$608$128
26 years$1,839$1,385$1,029$754$548$107
27 years$1,752$1,304$955$691$494$89
28 years$1,672$1,228$888$633$446$74
29 years$1,597$1,159$826$580$402$62
30 years$1,527$1,094$770$532$364$52
31 years$1,461$1,035$717$489$329$43
32 years$1,400$979$669$449$297$36
33 years$1,343$927$625$413$269$30
34 years$1,289$879$584$380$244$25
35 years$1,239$833$546$350$221$21
36 years$1,191$791$511$322$200$18
37 years$1,146$751$478$297$181$15
38 years$1,104$714$448$274$164$12
39 years$1,063$679$419$252$149$10
40 years$1,025$646$393$233$135$9
41 years$989$615$369$215$123$7
42 years$955$586$346$198$111$6
43 years$922$558$324$183$101$5
44 years$891$532$305$169$92$4
45 years$861$507$286$156$83$3
46 years$833$484$269$144$76$3
47 years$806$462$252$133$69$2
48 years$780$441$237$123$62$2
49 years$756$421$223$114$57$2
50 years$732$402$210$105$51$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $750,000, adding $5,362 every year, while hoping to spend $36,234 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: 64/18/18 Blend
47$750,000$750,000$750,000$750,000
48$832,031$792,281$780,656$881,195
49$878,345$792,550$768,255$915,136
50$928,169$791,618$754,225$947,588
51$981,823$789,387$738,471$982,177
52$1,039,657$785,755$720,898$1,019,115
53$1,102,057$780,613$701,404$1,058,634
54$1,169,448$773,843$679,881$1,100,991
55$1,242,294$765,324$656,220$1,146,471
56$1,321,107$754,924$630,302$1,195,389
57$1,406,451$742,506$602,008$1,248,092
58$1,498,943$727,923$571,210$1,304,967
59$1,599,264$711,021$537,774$1,366,439
60$1,708,162$691,634$501,563$1,432,978
61$1,826,459$669,588$462,430$1,505,105
62$1,955,061$644,701$420,224$1,583,395
63$2,094,963$616,777$374,787$1,668,486
64$2,247,260$585,609$325,953$1,761,078
65$2,413,157$550,981$273,549$1,861,950
66$2,593,981$512,661$217,395$1,971,960
67$2,791,192$470,406$157,303$2,092,056
68$3,006,396$423,959$93,075$2,223,286
69$3,241,361$373,046$24,506$2,366,809
70$3,498,035$317,380$0$2,523,903
71$3,778,560$256,657$0$2,705,328
72$4,085,297$190,557$0$2,908,927
73$4,420,842$118,739$0$3,131,757
74$4,788,056$40,845$0$3,375,768
75$5,190,089$0$0$3,643,108
76$5,630,410$0$0$3,944,765
77$6,112,838$0$0$4,284,185
78$6,641,579$0$0$4,656,243
79$7,221,267$0$0$5,064,205
80$7,857,003$0$0$5,511,670
81$8,554,409$0$0$6,002,600
82$9,319,673$0$0$6,541,360
83$10,159,615$0$0$7,132,758
84$11,081,745$0$0$7,782,091
85$12,094,337$0$0$8,495,192
86$13,206,504$0$0$9,278,488
87$14,428,287$0$0$10,139,059
88$15,770,745$0$0$11,084,705
89$17,246,062$0$0$12,124,017
90$18,867,664$0$0$13,266,463
91$20,650,337$0$0$14,522,470
92$22,610,376$0$0$15,903,530
93$24,765,730$0$0$17,422,300
94$27,136,177$0$0$19,092,728
95$29,743,506$0$0$20,930,180
96$32,611,726$0$0$22,951,587
97$35,767,286$0$0$25,175,603
98$39,239,333$0$0$27,622,782
99$43,059,977$0$0$30,315,770
100$47,264,601$0$0$33,279,520