Can I retire at age 48 with 790,000?

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 $790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$65,237$64,656$64,089$63,536$62,996$62,416
2 years$32,296$31,694$31,111$30,546$29,998$29,414
3 years$21,317$20,713$20,131$19,571$19,032$18,461
4 years$15,828$15,226$14,650$14,100$13,574$13,021
5 years$12,536$11,937$11,369$10,830$10,319$9,786
6 years$10,342$9,748$9,188$8,661$8,165$7,652
7 years$8,775$8,186$7,635$7,121$6,640$6,149
8 years$7,601$7,017$6,475$5,973$5,509$5,038
9 years$6,688$6,110$5,577$5,088$4,639$4,189
10 years$5,958$5,385$4,862$4,386$3,953$3,522
11 years$5,361$4,794$4,281$3,817$3,399$2,989
12 years$4,864$4,303$3,799$3,348$2,946$2,555
13 years$4,444$3,889$3,394$2,956$2,569$2,197
14 years$4,084$3,535$3,050$2,624$2,252$1,899
15 years$3,772$3,229$2,753$2,340$1,983$1,647
16 years$3,500$2,963$2,496$2,095$1,752$1,435
17 years$3,260$2,728$2,272$1,883$1,554$1,253
18 years$3,047$2,521$2,074$1,697$1,382$1,097
19 years$2,856$2,337$1,898$1,533$1,231$963
20 years$2,685$2,171$1,742$1,388$1,100$846
21 years$2,530$2,022$1,603$1,260$984$745
22 years$2,390$1,888$1,477$1,146$882$657
23 years$2,262$1,766$1,364$1,043$792$580
24 years$2,144$1,654$1,261$952$712$513
25 years$2,037$1,553$1,168$869$641$454
26 years$1,938$1,459$1,083$795$577$402
27 years$1,846$1,373$1,006$727$520$356
28 years$1,761$1,294$935$666$469$316
29 years$1,682$1,221$870$611$424$280
30 years$1,608$1,153$811$561$383$249
31 years$1,539$1,090$756$515$346$221
32 years$1,475$1,031$705$473$313$196
33 years$1,415$977$658$435$283$174
34 years$1,358$926$615$401$257$155
35 years$1,305$878$575$369$232$138
36 years$1,255$833$538$340$211$123
37 years$1,207$791$504$313$191$109
38 years$1,163$752$472$288$173$97
39 years$1,120$715$442$266$157$86
40 years$1,080$680$414$245$142$77
41 years$1,042$648$388$226$129$69
42 years$1,006$617$364$209$117$61
43 years$971$588$342$193$106$54
44 years$939$560$321$178$97$48
45 years$907$534$301$164$88$43
46 years$878$510$283$152$80$38
47 years$849$486$266$140$72$34
48 years$822$464$250$130$66$30
49 years$796$443$235$120$60$27
50 years$771$424$221$111$54$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $790,000, adding $5,902 every year, while hoping to spend $26,917 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: 72/7/21 Blend
47$790,000$790,000$790,000$790,000
48$876,668$834,798$822,553$934,895
49$937,449$847,064$821,469$986,700
50$1,003,527$859,028$819,447$1,039,644
51$1,075,414$870,648$816,426$1,096,958
52$1,153,674$881,878$812,344$1,159,072
53$1,238,927$892,668$807,135$1,226,460
54$1,331,854$902,965$800,731$1,299,644
55$1,433,206$912,713$793,059$1,379,200
56$1,543,810$921,853$784,042$1,465,762
57$1,664,574$930,319$773,603$1,560,032
58$1,796,500$938,044$761,658$1,662,779
59$1,940,689$944,955$748,121$1,774,854
60$2,098,356$950,974$732,899$1,897,195
61$2,270,836$956,020$715,899$2,030,834
62$2,459,600$960,003$697,020$2,176,912
63$2,666,268$962,832$676,159$2,336,684
64$2,892,623$964,407$653,206$2,511,535
65$3,140,630$964,622$628,048$2,702,989
66$3,412,452$963,366$600,565$2,912,731
67$3,710,472$960,520$570,634$3,142,615
68$4,037,312$955,958$538,122$3,394,684
69$4,395,865$949,547$502,896$3,671,194
70$4,789,312$941,143$464,812$3,974,629
71$5,221,160$930,598$423,721$4,307,727
72$5,695,272$917,751$379,469$4,673,509
73$6,215,902$902,433$331,894$5,075,302
74$6,787,738$884,466$280,826$5,516,776
75$7,415,941$863,659$226,089$6,001,974
76$8,106,202$839,813$167,497$6,535,356
77$8,864,784$812,713$104,858$7,121,836
78$9,698,592$782,136$37,970$7,766,831
79$10,615,231$747,843$0$8,476,312
80$11,623,079$709,582$0$9,264,348
81$12,731,369$667,087$0$10,140,275
82$13,950,270$620,076$0$11,103,624
83$15,290,988$568,251$0$12,163,264
84$16,765,871$511,297$0$13,328,968
85$18,388,520$448,881$0$14,611,504
86$20,173,924$380,651$0$16,022,738
87$22,138,597$306,236$0$17,575,745
88$24,300,735$225,243$0$19,284,935
89$26,680,388$137,257$0$21,166,183
90$29,299,645$41,841$0$23,236,985
91$32,182,850$0$0$25,516,620
92$35,356,822$0$0$28,031,069
93$38,851,117$0$0$30,802,874
94$42,698,298$0$0$33,854,652
95$46,934,249$0$0$37,214,873
96$51,598,510$0$0$40,914,909
97$56,734,651$0$0$44,989,327
98$62,390,680$0$0$49,476,221
99$68,619,500$0$0$54,417,565
100$75,479,407$0$0$59,859,610