Can I retire at age 48 with 770,000?

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 $770,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$63,586$63,019$62,467$61,928$61,401$59,844
2 years$31,478$30,892$30,324$29,773$29,239$27,680
3 years$20,777$20,188$19,621$19,076$18,550$17,039
4 years$15,427$14,840$14,279$13,743$13,230$11,777
5 years$12,219$11,635$11,081$10,556$10,057$8,667
6 years$10,080$9,501$8,955$8,442$7,958$6,632
7 years$8,553$7,979$7,442$6,940$6,472$5,211
8 years$7,408$6,839$6,311$5,822$5,369$4,172
9 years$6,519$5,955$5,436$4,959$4,522$3,387
10 years$5,807$5,249$4,739$4,275$3,853$2,779
11 years$5,225$4,673$4,172$3,720$3,313$2,300
12 years$4,741$4,194$3,703$3,263$2,871$1,916
13 years$4,331$3,790$3,308$2,881$2,504$1,605
14 years$3,981$3,445$2,972$2,557$2,195$1,350
15 years$3,677$3,147$2,684$2,281$1,933$1,139
16 years$3,411$2,888$2,433$2,042$1,708$965
17 years$3,177$2,659$2,214$1,835$1,514$819
18 years$2,970$2,457$2,021$1,654$1,347$697
19 years$2,784$2,277$1,850$1,494$1,200$594
20 years$2,617$2,116$1,698$1,353$1,072$506
21 years$2,466$1,971$1,562$1,228$959$433
22 years$2,329$1,840$1,440$1,117$860$370
23 years$2,204$1,721$1,329$1,017$772$317
24 years$2,090$1,612$1,229$928$694$271
25 years$1,985$1,513$1,139$847$624$233
26 years$1,888$1,422$1,056$775$562$200
27 years$1,799$1,338$981$709$507$171
28 years$1,716$1,261$912$650$457$147
29 years$1,639$1,190$848$596$413$126
30 years$1,567$1,124$790$547$373$108
31 years$1,500$1,062$737$502$337$93
32 years$1,438$1,005$687$461$305$80
33 years$1,379$952$642$424$276$69
34 years$1,324$902$600$390$250$59
35 years$1,272$856$561$359$227$51
36 years$1,223$812$524$331$205$44
37 years$1,177$771$491$305$186$38
38 years$1,133$733$460$281$169$32
39 years$1,092$697$431$259$153$28
40 years$1,053$663$404$239$139$24
41 years$1,016$631$378$221$126$21
42 years$980$601$355$204$114$18
43 years$947$573$333$188$104$15
44 years$915$546$313$173$94$13
45 years$884$521$294$160$85$11
46 years$855$497$276$148$78$10
47 years$828$474$259$137$70$8
48 years$801$453$243$126$64$7
49 years$776$432$229$117$58$6
50 years$752$413$215$108$53$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $770,000, adding $3,112 every year, while hoping to spend $52,963 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: 29/42/29 Blend
47$770,000$770,000$770,000$770,000
48$851,750$810,940$799,005$868,768
49$882,276$794,324$769,419$865,902
50$914,141$775,118$737,068$858,034
51$947,425$753,141$701,801$848,527
52$982,216$728,198$663,464$837,279
53$1,018,606$700,084$621,895$824,180
54$1,056,700$668,584$576,924$809,117
55$1,096,605$633,467$528,373$791,971
56$1,138,443$594,491$476,058$772,618
57$1,182,343$551,400$419,785$750,929
58$1,228,446$503,922$359,352$726,768
59$1,276,905$451,771$294,547$699,996
60$1,327,886$394,645$225,151$670,465
61$1,381,570$332,222$150,933$638,025
62$1,438,154$264,165$71,654$602,517
63$1,497,854$190,117$0$563,777
64$1,560,902$109,701$0$525,644
65$1,627,555$22,517$0$507,855
66$1,698,092$0$0$488,120
67$1,772,815$0$0$499,547
68$1,852,058$0$0$522,761
69$1,936,183$0$0$547,468
70$2,025,589$0$0$573,795
71$2,120,710$0$0$601,877
72$2,222,021$0$0$631,864
73$2,330,043$0$0$663,921
74$2,445,346$0$0$698,227
75$2,568,557$0$0$734,980
76$2,700,359$0$0$774,396
77$2,841,503$0$0$816,713
78$2,992,815$0$0$862,191
79$3,155,196$0$0$911,116
80$3,329,640$0$0$963,802
81$3,517,234$0$0$1,020,594
82$3,719,174$0$0$1,081,872
83$3,936,772$0$0$1,148,051
84$4,171,470$0$0$1,219,588
85$4,424,851$0$0$1,296,988
86$4,698,656$0$0$1,380,801
87$4,994,796$0$0$1,471,637
88$5,315,374$0$0$1,570,162
89$5,662,701$0$0$1,677,112
90$6,039,319$0$0$1,793,296
91$6,448,020$0$0$1,919,601
92$6,891,878$0$0$2,057,006
93$7,374,274$0$0$2,206,587
94$7,898,927$0$0$2,369,527
95$8,469,926$0$0$2,547,131
96$9,091,776$0$0$2,740,831
97$9,769,428$0$0$2,952,207
98$10,508,335$0$0$3,182,994
99$11,314,496$0$0$3,435,107
100$12,194,517$0$0$3,710,650