Can I retire at age 48 with 790,000?

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 $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%12.8%
1 years$65,237$64,656$64,089$63,536$62,996$62,260
2 years$32,296$31,694$31,111$30,546$29,998$29,258
3 years$21,317$20,713$20,131$19,571$19,032$18,310
4 years$15,828$15,226$14,650$14,100$13,574$12,875
5 years$12,536$11,937$11,369$10,830$10,319$9,646
6 years$10,342$9,748$9,188$8,661$8,165$7,519
7 years$8,775$8,186$7,635$7,121$6,640$6,021
8 years$7,601$7,017$6,475$5,973$5,509$4,916
9 years$6,688$6,110$5,577$5,088$4,639$4,073
10 years$5,958$5,385$4,862$4,386$3,953$3,413
11 years$5,361$4,794$4,281$3,817$3,399$2,886
12 years$4,864$4,303$3,799$3,348$2,946$2,457
13 years$4,444$3,889$3,394$2,956$2,569$2,105
14 years$4,084$3,535$3,050$2,624$2,252$1,812
15 years$3,772$3,229$2,753$2,340$1,983$1,566
16 years$3,500$2,963$2,496$2,095$1,752$1,358
17 years$3,260$2,728$2,272$1,883$1,554$1,181
18 years$3,047$2,521$2,074$1,697$1,382$1,029
19 years$2,856$2,337$1,898$1,533$1,231$899
20 years$2,685$2,171$1,742$1,388$1,100$787
21 years$2,530$2,022$1,603$1,260$984$690
22 years$2,390$1,888$1,477$1,146$882$606
23 years$2,262$1,766$1,364$1,043$792$533
24 years$2,144$1,654$1,261$952$712$469
25 years$2,037$1,553$1,168$869$641$413
26 years$1,938$1,459$1,083$795$577$364
27 years$1,846$1,373$1,006$727$520$321
28 years$1,761$1,294$935$666$469$283
29 years$1,682$1,221$870$611$424$250
30 years$1,608$1,153$811$561$383$221
31 years$1,539$1,090$756$515$346$195
32 years$1,475$1,031$705$473$313$173
33 years$1,415$977$658$435$283$153
34 years$1,358$926$615$401$257$135
35 years$1,305$878$575$369$232$119
36 years$1,255$833$538$340$211$106
37 years$1,207$791$504$313$191$94
38 years$1,163$752$472$288$173$83
39 years$1,120$715$442$266$157$73
40 years$1,080$680$414$245$142$65
41 years$1,042$648$388$226$129$58
42 years$1,006$617$364$209$117$51
43 years$971$588$342$193$106$45
44 years$939$560$321$178$97$40
45 years$907$534$301$164$88$35
46 years$878$510$283$152$80$31
47 years$849$486$266$140$72$28
48 years$822$464$250$130$66$25
49 years$796$443$235$120$60$22
50 years$771$424$221$111$54$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $790,000, adding $5,797 every year, while hoping to spend $59,774 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: 50/22/28 Blend
47$790,000$790,000$790,000$790,000
48$876,560$834,690$822,445$913,188
49$902,370$811,990$786,397$916,690
50$928,809$786,175$747,139$914,083
51$955,878$757,029$704,500$910,080
52$983,578$724,323$658,300$904,576
53$1,011,903$687,816$608,354$897,462
54$1,040,850$647,251$554,466$888,617
55$1,070,410$602,360$496,434$877,918
56$1,100,572$552,856$434,045$865,231
57$1,131,322$498,437$367,077$850,413
58$1,162,641$438,784$295,298$833,314
59$1,194,505$373,560$218,465$813,773
60$1,226,888$302,408$136,327$791,621
61$1,259,756$224,951$48,620$766,676
62$1,293,070$140,793$0$738,744
63$1,326,784$49,512$0$721,060
64$1,360,844$0$0$716,340
65$1,395,188$0$0$721,845
66$1,429,745$0$0$739,408
67$1,464,432$0$0$756,997
68$1,499,156$0$0$774,558
69$1,533,811$0$0$792,031
70$1,568,275$0$0$809,348
71$1,602,412$0$0$826,433
72$1,636,067$0$0$843,197
73$1,669,067$0$0$859,544
74$1,701,216$0$0$875,365
75$1,732,293$0$0$890,535
76$1,762,054$0$0$904,919
77$1,790,222$0$0$918,361
78$1,816,489$0$0$930,691
79$1,840,510$0$0$941,715
80$1,861,902$0$0$951,221
81$1,880,236$0$0$958,971
82$1,895,036$0$0$964,699
83$1,905,770$0$0$968,110
84$1,911,848$0$0$968,877
85$1,912,615$0$0$966,636
86$1,907,341$0$0$960,983
87$1,895,218$0$0$951,469
88$1,875,348$0$0$937,598
89$1,846,736$0$0$918,818
90$1,808,279$0$0$894,518
91$1,758,754$0$0$864,021
92$1,696,808$0$0$826,580
93$1,620,941$0$0$781,364
94$1,529,494$0$0$727,456
95$1,420,631$0$0$663,840
96$1,292,320$0$0$589,395
97$1,142,315$0$0$502,878
98$968,133$0$0$402,917
99$767,027$0$0$287,996
100$535,962$0$0$156,439