Can I retire at age 48 with 760,000?

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 $760,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$62,760$62,201$61,656$61,123$60,603$59,380
2 years$31,069$30,491$29,930$29,386$28,859$27,631
3 years$20,507$19,926$19,367$18,828$18,309$17,116
4 years$15,227$14,648$14,094$13,565$13,058$11,909
5 years$12,060$11,484$10,937$10,419$9,927$8,824
6 years$9,949$9,378$8,839$8,332$7,855$6,801
7 years$8,442$7,875$7,345$6,850$6,388$5,382
8 years$7,312$6,751$6,229$5,746$5,299$4,342
9 years$6,434$5,878$5,365$4,895$4,463$3,553
10 years$5,732$5,181$4,678$4,219$3,803$2,939
11 years$5,157$4,612$4,118$3,672$3,270$2,452
12 years$4,679$4,140$3,655$3,221$2,834$2,060
13 years$4,275$3,741$3,265$2,844$2,471$1,740
14 years$3,929$3,400$2,934$2,524$2,166$1,477
15 years$3,629$3,106$2,649$2,251$1,907$1,258
16 years$3,367$2,850$2,402$2,016$1,686$1,075
17 years$3,136$2,625$2,185$1,811$1,495$921
18 years$2,931$2,425$1,995$1,632$1,329$791
19 years$2,748$2,248$1,826$1,475$1,185$681
20 years$2,583$2,089$1,676$1,336$1,058$587
21 years$2,434$1,946$1,542$1,212$947$506
22 years$2,299$1,816$1,421$1,102$849$437
23 years$2,176$1,699$1,312$1,004$762$378
24 years$2,063$1,592$1,213$916$685$327
25 years$1,959$1,494$1,124$836$616$283
26 years$1,864$1,404$1,042$764$555$246
27 years$1,776$1,321$968$700$500$213
28 years$1,694$1,245$900$641$452$185
29 years$1,618$1,174$837$588$408$160
30 years$1,547$1,109$780$540$368$139
31 years$1,481$1,048$727$496$333$121
32 years$1,419$992$678$455$301$105
33 years$1,361$939$633$419$273$91
34 years$1,307$890$592$385$247$79
35 years$1,255$845$553$355$224$69
36 years$1,207$802$518$327$203$60
37 years$1,161$761$484$301$184$52
38 years$1,118$724$454$277$166$45
39 years$1,078$688$425$256$151$39
40 years$1,039$655$398$236$137$34
41 years$1,002$623$374$218$124$30
42 years$968$593$350$201$113$26
43 years$934$565$329$185$102$23
44 years$903$539$309$171$93$20
45 years$873$514$290$158$84$17
46 years$844$490$272$146$77$15
47 years$817$468$256$135$70$13
48 years$791$447$240$125$63$11
49 years$766$427$226$115$57$10
50 years$742$407$212$107$52$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $760,000, adding $6,934 every year, while hoping to spend $46,846 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: 66/14/20 Blend
47$760,000$760,000$760,000$760,000
48$844,672$804,392$792,612$895,735
49$880,985$793,964$769,321$920,410
50$919,432$781,454$743,680$941,362
51$960,181$766,712$715,559$963,153
52$1,003,415$749,577$684,827$985,865
53$1,049,336$729,879$651,341$1,009,589
54$1,098,164$707,439$614,957$1,034,430
55$1,150,139$682,065$575,520$1,060,503
56$1,205,524$653,557$532,870$1,087,936
57$1,264,607$621,701$486,842$1,116,874
58$1,327,705$586,273$437,259$1,147,477
59$1,395,163$547,032$383,939$1,179,924
60$1,467,360$503,728$326,692$1,214,416
61$1,544,714$456,093$265,319$1,251,174
62$1,627,680$403,847$199,612$1,290,446
63$1,716,758$346,690$129,354$1,332,508
64$1,812,499$284,309$54,319$1,377,667
65$1,915,505$216,372$0$1,426,264
66$2,026,438$142,526$0$1,484,175
67$2,146,027$62,402$0$1,559,053
68$2,275,070$0$0$1,639,817
69$2,414,445$0$0$1,730,802
70$2,565,117$0$0$1,839,592
71$2,728,146$0$0$1,957,345
72$2,904,698$0$0$2,084,908
73$3,096,054$0$0$2,223,211
74$3,303,622$0$0$2,373,279
75$3,528,954$0$0$2,536,238
76$3,773,753$0$0$2,713,326
77$4,039,894$0$0$2,905,907
78$4,329,440$0$0$3,115,479
79$4,644,660$0$0$3,343,692
80$4,988,052$0$0$3,592,362
81$5,362,363$0$0$3,863,486
82$5,770,618$0$0$4,159,263
83$6,216,145$0$0$4,482,113
84$6,702,610$0$0$4,834,700
85$7,234,045$0$0$5,219,955
86$7,814,891$0$0$5,641,109
87$8,450,038$0$0$6,101,715
88$9,144,867$0$0$6,605,686
89$9,905,305$0$0$7,157,334
90$10,737,880$0$0$7,761,402
91$11,649,778$0$0$8,423,116
92$12,648,913$0$0$9,148,232
93$13,744,002$0$0$9,943,088
94$14,944,645$0$0$10,814,664
95$16,261,414$0$0$11,770,647
96$17,705,954$0$0$12,819,508
97$19,291,093$0$0$13,970,571
98$21,030,959$0$0$15,234,113
99$22,941,114$0$0$16,621,450
100$25,038,702$0$0$18,145,050