Can I retire at age 48 with 780,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%14.2%
1 years$64,412$63,838$63,278$62,732$62,198$61,118
2 years$31,887$31,293$30,718$30,160$29,618$28,533
3 years$21,047$20,450$19,876$19,323$18,791$17,735
4 years$15,628$15,033$14,465$13,921$13,402$12,383
5 years$12,377$11,786$11,225$10,693$10,188$9,210
6 years$10,211$9,624$9,072$8,551$8,061$7,124
7 years$8,664$8,082$7,539$7,031$6,556$5,661
8 years$7,505$6,928$6,393$5,898$5,439$4,585
9 years$6,603$6,032$5,507$5,024$4,580$3,767
10 years$5,882$5,317$4,801$4,330$3,903$3,130
11 years$5,293$4,734$4,227$3,769$3,356$2,623
12 years$4,803$4,249$3,751$3,306$2,909$2,214
13 years$4,388$3,839$3,351$2,918$2,536$1,879
14 years$4,032$3,490$3,011$2,591$2,223$1,602
15 years$3,725$3,188$2,719$2,310$1,958$1,371
16 years$3,456$2,925$2,465$2,069$1,730$1,178
17 years$3,219$2,694$2,243$1,859$1,534$1,014
18 years$3,008$2,489$2,047$1,675$1,364$875
19 years$2,820$2,307$1,874$1,514$1,216$757
20 years$2,651$2,144$1,720$1,371$1,086$656
21 years$2,498$1,997$1,582$1,244$972$569
22 years$2,359$1,864$1,458$1,131$871$494
23 years$2,233$1,743$1,346$1,030$782$430
24 years$2,117$1,633$1,245$940$703$374
25 years$2,011$1,533$1,153$858$632$326
26 years$1,913$1,441$1,070$785$570$284
27 years$1,822$1,356$993$718$514$248
28 years$1,738$1,278$923$658$463$216
29 years$1,660$1,205$859$603$418$189
30 years$1,588$1,138$800$554$378$165
31 years$1,520$1,076$746$509$342$144
32 years$1,456$1,018$696$467$309$126
33 years$1,397$964$650$430$280$110
34 years$1,341$914$607$395$253$96
35 years$1,288$867$568$364$229$84
36 years$1,239$823$531$335$208$73
37 years$1,192$781$497$309$188$64
38 years$1,148$743$466$285$171$56
39 years$1,106$706$436$263$155$49
40 years$1,066$672$409$242$141$43
41 years$1,029$639$383$223$127$38
42 years$993$609$360$206$116$33
43 years$959$580$337$190$105$29
44 years$927$553$317$176$95$25
45 years$896$527$297$162$87$22
46 years$867$503$279$150$79$19
47 years$839$480$262$139$71$17
48 years$812$458$247$128$65$15
49 years$786$438$232$118$59$13
50 years$762$418$218$109$53$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $780,000, adding $4,923 every year, while hoping to spend $59,305 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: 56/32/12 Blend
47$780,000$780,000$780,000$780,000
48$864,638$823,298$811,208$910,166
49$889,731$800,540$775,283$918,794
50$915,396$774,678$736,168$921,253
51$941,628$745,500$693,691$922,536
52$968,422$712,776$647,677$922,542
53$995,766$676,268$597,940$921,161
54$1,023,650$635,721$544,287$918,277
55$1,052,057$590,865$486,515$913,763
56$1,080,967$541,418$424,413$907,488
57$1,110,356$487,078$357,762$899,308
58$1,140,196$427,529$286,330$889,069
59$1,170,452$362,433$209,878$876,610
60$1,201,083$291,438$128,154$861,754
61$1,232,043$214,168$40,897$844,315
62$1,263,277$130,228$0$824,093
63$1,294,722$39,200$0$807,560
64$1,326,307$0$0$793,823
65$1,357,948$0$0$798,334
66$1,389,551$0$0$816,587
67$1,421,011$0$0$834,712
68$1,452,205$0$0$852,633
69$1,482,999$0$0$870,264
70$1,513,237$0$0$887,510
71$1,542,748$0$0$904,262
72$1,571,336$0$0$920,398
73$1,598,783$0$0$935,784
74$1,624,847$0$0$950,266
75$1,649,253$0$0$963,675
76$1,671,696$0$0$975,821
77$1,691,837$0$0$986,492
78$1,709,295$0$0$995,452
79$1,723,648$0$0$1,002,439
80$1,734,425$0$0$1,007,160
81$1,741,102$0$0$1,009,290
82$1,743,099$0$0$1,008,469
83$1,739,768$0$0$1,004,296
84$1,730,392$0$0$996,325
85$1,714,174$0$0$984,063
86$1,690,231$0$0$966,963
87$1,657,584$0$0$944,418
88$1,615,148$0$0$915,757
89$1,561,721$0$0$880,236
90$1,495,972$0$0$837,029
91$1,416,428$0$0$785,227
92$1,321,458$0$0$723,819
93$1,209,259$0$0$651,691
94$1,077,835$0$0$567,608
95$924,980$0$0$470,206
96$748,257$0$0$357,977
97$544,969$0$0$229,254
98$312,138$0$0$82,197
99$46,473$0$0$0
100$0$0$0$0