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%12%
1 years$62,760$62,201$61,656$61,123$60,603$60,096
2 years$31,069$30,491$29,930$29,386$28,859$28,347
3 years$20,507$19,926$19,367$18,828$18,309$17,809
4 years$15,227$14,648$14,094$13,565$13,058$12,574
5 years$12,060$11,484$10,937$10,419$9,927$9,460
6 years$9,949$9,378$8,839$8,332$7,855$7,405
7 years$8,442$7,875$7,345$6,850$6,388$5,957
8 years$7,312$6,751$6,229$5,746$5,299$4,886
9 years$6,434$5,878$5,365$4,895$4,463$4,067
10 years$5,732$5,181$4,678$4,219$3,803$3,425
11 years$5,157$4,612$4,118$3,672$3,270$2,910
12 years$4,679$4,140$3,655$3,221$2,834$2,490
13 years$4,275$3,741$3,265$2,844$2,471$2,144
14 years$3,929$3,400$2,934$2,524$2,166$1,855
15 years$3,629$3,106$2,649$2,251$1,907$1,612
16 years$3,367$2,850$2,402$2,016$1,686$1,406
17 years$3,136$2,625$2,185$1,811$1,495$1,229
18 years$2,931$2,425$1,995$1,632$1,329$1,078
19 years$2,748$2,248$1,826$1,475$1,185$947
20 years$2,583$2,089$1,676$1,336$1,058$834
21 years$2,434$1,946$1,542$1,212$947$736
22 years$2,299$1,816$1,421$1,102$849$650
23 years$2,176$1,699$1,312$1,004$762$575
24 years$2,063$1,592$1,213$916$685$509
25 years$1,959$1,494$1,124$836$616$451
26 years$1,864$1,404$1,042$764$555$400
27 years$1,776$1,321$968$700$500$355
28 years$1,694$1,245$900$641$452$315
29 years$1,618$1,174$837$588$408$280
30 years$1,547$1,109$780$540$368$249
31 years$1,481$1,048$727$496$333$222
32 years$1,419$992$678$455$301$197
33 years$1,361$939$633$419$273$175
34 years$1,307$890$592$385$247$156
35 years$1,255$845$553$355$224$139
36 years$1,207$802$518$327$203$124
37 years$1,161$761$484$301$184$111
38 years$1,118$724$454$277$166$99
39 years$1,078$688$425$256$151$88
40 years$1,039$655$398$236$137$78
41 years$1,002$623$374$218$124$70
42 years$968$593$350$201$113$62
43 years$934$565$329$185$102$56
44 years$903$539$309$171$93$50
45 years$873$514$290$158$84$44
46 years$844$490$272$146$77$39
47 years$817$468$256$135$70$35
48 years$791$447$240$125$63$31
49 years$766$427$226$115$57$28
50 years$742$407$212$107$52$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $760,000, adding $5,605 every year, while hoping to spend $29,501 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: 65/24/11 Blend
47$760,000$760,000$760,000$760,000
48$843,302$803,022$791,242$895,705
49$897,929$810,981$786,359$939,323
50$957,141$818,341$780,325$982,983
51$1,021,372$825,042$773,068$1,029,937
52$1,091,102$831,020$764,516$1,080,504
53$1,166,860$836,205$754,593$1,135,035
54$1,249,225$840,525$743,218$1,193,920
55$1,338,838$843,903$730,307$1,257,586
56$1,436,400$846,254$715,773$1,326,507
57$1,542,684$847,493$699,523$1,401,203
58$1,658,543$847,525$681,462$1,482,251
59$1,784,912$846,251$661,489$1,570,285
60$1,922,822$843,567$639,498$1,666,004
61$2,073,409$839,360$615,380$1,770,182
62$2,237,921$833,513$589,019$1,883,670
63$2,417,733$825,899$560,296$2,007,409
64$2,614,360$816,386$529,083$2,142,434
65$2,829,468$804,833$495,251$2,289,890
66$3,064,893$791,089$458,662$2,451,038
67$3,322,657$774,997$419,171$2,627,270
68$3,604,984$756,388$376,630$2,820,121
69$3,914,327$735,085$330,881$3,031,284
70$4,253,383$710,900$281,761$3,262,628
71$4,625,128$683,633$229,099$3,516,212
72$5,032,833$653,074$172,717$3,794,308
73$5,480,107$618,999$112,428$4,099,423
74$5,970,922$581,174$48,038$4,434,320
75$6,509,653$539,348$0$4,802,049
76$7,101,120$493,259$0$5,208,399
77$7,750,632$442,626$0$5,660,824
78$8,464,038$387,157$0$6,157,797
79$9,247,781$326,538$0$6,703,853
80$10,108,959$260,443$0$7,303,994
81$11,055,391$188,523$0$7,963,734
82$12,095,691$110,411$0$8,689,151
83$13,239,351$25,720$0$9,486,944
84$14,496,825$0$0$10,364,502
85$15,879,635$0$0$11,347,385
86$17,400,471$0$0$12,435,904
87$19,073,318$0$0$13,633,280
88$20,913,582$0$0$14,950,549
89$22,938,239$0$0$16,399,871
90$25,165,992$0$0$17,994,640
91$27,617,449$0$0$19,749,619
92$30,315,318$0$0$21,681,070
93$33,284,617$0$0$23,806,915
94$36,552,915$0$0$26,146,899
95$40,150,587$0$0$28,722,779
96$44,111,104$0$0$31,558,528
97$48,471,345$0$0$34,680,565
98$53,271,950$0$0$38,117,995
99$58,557,698$0$0$41,902,894
100$64,377,930$0$0$46,070,603