Can I retire at age 48 with 650,000?

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 $650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$53,676$53,198$52,732$52,276$51,832$50,415
2 years$26,572$26,078$25,598$25,133$24,682$23,265
3 years$17,539$17,042$16,564$16,103$15,659$14,286
4 years$13,023$12,528$12,054$11,601$11,168$9,850
5 years$10,314$9,822$9,354$8,911$8,490$7,230
6 years$8,509$8,020$7,560$7,126$6,718$5,517
7 years$7,220$6,735$6,282$5,859$5,463$4,323
8 years$6,254$5,773$5,328$4,915$4,532$3,450
9 years$5,503$5,027$4,589$4,186$3,817$2,793
10 years$4,902$4,431$4,001$3,609$3,252$2,285
11 years$4,411$3,945$3,522$3,141$2,797$1,885
12 years$4,002$3,540$3,126$2,755$2,424$1,565
13 years$3,656$3,200$2,793$2,432$2,114$1,306
14 years$3,360$2,908$2,509$2,159$1,853$1,095
15 years$3,104$2,657$2,266$1,925$1,631$921
16 years$2,880$2,438$2,054$1,724$1,442$777
17 years$2,682$2,245$1,869$1,549$1,278$657
18 years$2,507$2,074$1,706$1,396$1,137$557
19 years$2,350$1,923$1,562$1,261$1,013$473
20 years$2,209$1,786$1,433$1,142$905$402
21 years$2,082$1,664$1,319$1,037$810$342
22 years$1,966$1,553$1,215$943$726$291
23 years$1,861$1,453$1,122$858$652$248
24 years$1,764$1,361$1,038$783$586$212
25 years$1,676$1,277$961$715$527$181
26 years$1,594$1,201$891$654$475$155
27 years$1,519$1,130$828$598$428$132
28 years$1,449$1,065$769$548$386$113
29 years$1,384$1,004$716$503$349$97
30 years$1,323$949$667$461$315$83
31 years$1,267$897$622$424$285$71
32 years$1,214$848$580$390$258$61
33 years$1,164$803$542$358$233$52
34 years$1,117$762$506$330$211$44
35 years$1,074$722$473$303$191$38
36 years$1,032$686$443$279$173$33
37 years$993$651$414$257$157$28
38 years$957$619$388$237$142$24
39 years$922$588$364$219$129$20
40 years$889$560$341$202$117$18
41 years$857$533$319$186$106$15
42 years$828$508$300$172$96$13
43 years$799$484$281$159$87$11
44 years$772$461$264$146$79$9
45 years$747$440$248$135$72$8
46 years$722$419$233$125$65$7
47 years$699$400$219$115$59$6
48 years$676$382$206$107$54$5
49 years$655$365$193$99$49$4
50 years$635$348$182$91$45$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $650,000, adding $5,805 every year, while hoping to spend $30,982 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: 76/16/8 Blend
47$650,000$650,000$650,000$650,000
48$722,288$687,838$677,763$775,887
49$762,997$688,577$667,503$812,687
50$806,819$688,315$655,862$848,474
51$854,041$686,968$642,759$886,808
52$904,974$684,450$628,112$927,930
53$959,963$680,670$611,836$972,104
54$1,019,385$675,529$593,838$1,019,624
55$1,083,655$668,923$574,025$1,070,811
56$1,153,231$660,743$552,297$1,126,023
57$1,228,613$650,872$528,552$1,185,650
58$1,310,353$639,186$502,680$1,250,126
59$1,399,058$625,555$474,569$1,319,927
60$1,495,395$609,840$444,100$1,395,579
61$1,600,098$591,895$411,149$1,477,662
62$1,713,973$571,563$375,589$1,566,815
63$1,837,910$548,682$337,283$1,663,744
64$1,972,886$523,076$296,090$1,769,227
65$2,119,976$494,562$251,865$1,884,120
66$2,280,363$462,945$204,452$2,009,372
67$2,455,351$428,020$153,692$2,146,023
68$2,646,372$389,569$99,416$2,295,226
69$2,855,006$347,362$41,451$2,458,249
70$3,082,990$301,155$0$2,636,492
71$3,332,236$250,694$0$2,833,240
72$3,604,851$195,705$0$3,052,343
73$3,903,154$135,902$0$3,292,151
74$4,229,698$70,984$0$3,554,754
75$4,587,295$629$0$3,842,452
76$4,979,040$0$0$4,157,782
77$5,408,345$0$0$4,516,833
78$5,878,965$0$0$4,910,584
79$6,395,035$0$0$5,342,389
80$6,961,111$0$0$5,816,061
81$7,582,211$0$0$6,335,804
82$8,263,862$0$0$6,906,245
83$9,012,152$0$0$7,532,483
84$9,833,787$0$0$8,220,134
85$10,736,154$0$0$8,975,385
86$11,727,391$0$0$9,805,051
87$12,816,463$0$0$10,716,639
88$14,013,245$0$0$11,718,420
89$15,328,620$0$0$12,819,506
90$16,774,571$0$0$14,029,937
91$18,364,307$0$0$15,360,770
92$20,112,376$0$0$16,824,192
93$22,034,807$0$0$18,433,627
94$24,149,262$0$0$20,203,864
95$26,475,199$0$0$22,151,202
96$29,034,056$0$0$24,293,594
97$31,849,457$0$0$26,650,823
98$34,947,426$0$0$29,244,687
99$38,356,643$0$0$32,099,203
100$42,108,704$0$0$35,240,833