Can I retire at age 48 with 780,000?

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 $780,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$64,412$63,838$63,278$62,732$62,198$59,872
2 years$31,887$31,293$30,718$30,160$29,618$27,302
3 years$21,047$20,450$19,876$19,323$18,791$16,557
4 years$15,628$15,033$14,465$13,921$13,402$11,267
5 years$12,377$11,786$11,225$10,693$10,188$8,157
6 years$10,211$9,624$9,072$8,551$8,061$6,137
7 years$8,664$8,082$7,539$7,031$6,556$4,737
8 years$7,505$6,928$6,393$5,898$5,439$3,724
9 years$6,603$6,032$5,507$5,024$4,580$2,967
10 years$5,882$5,317$4,801$4,330$3,903$2,388
11 years$5,293$4,734$4,227$3,769$3,356$1,937
12 years$4,803$4,249$3,751$3,306$2,909$1,580
13 years$4,388$3,839$3,351$2,918$2,536$1,296
14 years$4,032$3,490$3,011$2,591$2,223$1,067
15 years$3,725$3,188$2,719$2,310$1,958$881
16 years$3,456$2,925$2,465$2,069$1,730$730
17 years$3,219$2,694$2,243$1,859$1,534$605
18 years$3,008$2,489$2,047$1,675$1,364$503
19 years$2,820$2,307$1,874$1,514$1,216$419
20 years$2,651$2,144$1,720$1,371$1,086$349
21 years$2,498$1,997$1,582$1,244$972$291
22 years$2,359$1,864$1,458$1,131$871$243
23 years$2,233$1,743$1,346$1,030$782$203
24 years$2,117$1,633$1,245$940$703$170
25 years$2,011$1,533$1,153$858$632$142
26 years$1,913$1,441$1,070$785$570$119
27 years$1,822$1,356$993$718$514$99
28 years$1,738$1,278$923$658$463$83
29 years$1,660$1,205$859$603$418$70
30 years$1,588$1,138$800$554$378$58
31 years$1,520$1,076$746$509$342$49
32 years$1,456$1,018$696$467$309$41
33 years$1,397$964$650$430$280$34
34 years$1,341$914$607$395$253$29
35 years$1,288$867$568$364$229$24
36 years$1,239$823$531$335$208$20
37 years$1,192$781$497$309$188$17
38 years$1,148$743$466$285$171$14
39 years$1,106$706$436$263$155$12
40 years$1,066$672$409$242$141$10
41 years$1,029$639$383$223$127$8
42 years$993$609$360$206$116$7
43 years$959$580$337$190$105$6
44 years$927$553$317$176$95$5
45 years$896$527$297$162$87$4
46 years$867$503$279$150$79$3
47 years$839$480$262$139$71$3
48 years$812$458$247$128$65$2
49 years$786$438$232$118$59$2
50 years$762$418$218$109$53$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $780,000, adding $5,822 every year, while hoping to spend $56,072 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: 44/50/6 Blend
47$780,000$780,000$780,000$780,000
48$865,565$824,225$812,135$901,933
49$894,193$804,952$779,682$908,381
50$923,861$782,855$744,262$909,114
51$954,617$757,737$705,716$908,601
52$986,510$729,389$663,880$906,745
53$1,019,594$697,589$618,580$903,446
54$1,053,925$662,103$569,635$898,597
55$1,089,564$622,684$516,856$892,086
56$1,126,573$579,070$460,045$883,794
57$1,165,023$530,984$398,996$873,598
58$1,204,986$478,133$333,493$861,365
59$1,246,541$420,208$263,311$846,958
60$1,289,772$356,882$188,216$830,231
61$1,334,770$287,809$107,961$811,033
62$1,381,630$212,626$22,292$789,203
63$1,430,457$130,945$0$764,574
64$1,481,364$42,362$0$741,394
65$1,534,471$0$0$716,864
66$1,589,908$0$0$718,847
67$1,647,815$0$0$745,285
68$1,708,345$0$0$772,942
69$1,771,661$0$0$801,898
70$1,837,941$0$0$832,236
71$1,907,377$0$0$864,047
72$1,980,177$0$0$897,431
73$2,056,567$0$0$932,496
74$2,136,794$0$0$969,358
75$2,221,123$0$0$1,008,146
76$2,309,844$0$0$1,048,997
77$2,403,273$0$0$1,092,062
78$2,501,754$0$0$1,137,506
79$2,605,660$0$0$1,185,509
80$2,715,399$0$0$1,236,264
81$2,831,416$0$0$1,289,987
82$2,954,197$0$0$1,346,909
83$3,084,272$0$0$1,407,286
84$3,222,221$0$0$1,471,396
85$3,368,675$0$0$1,539,542
86$3,524,328$0$0$1,612,059
87$3,689,938$0$0$1,689,310
88$3,866,332$0$0$1,771,694
89$4,054,420$0$0$1,859,649
90$4,255,194$0$0$1,953,653
91$4,469,746$0$0$2,054,232
92$4,699,267$0$0$2,161,962
93$4,945,069$0$0$2,277,472
94$5,208,587$0$0$2,401,458
95$5,491,395$0$0$2,534,677
96$5,795,223$0$0$2,677,966
97$6,121,969$0$0$2,832,239
98$6,473,715$0$0$2,998,504
99$6,852,749$0$0$3,177,866
100$7,261,584$0$0$3,371,537