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%19.1%
1 years$53,676$53,198$52,732$52,276$51,832$49,933
2 years$26,572$26,078$25,598$25,133$24,682$22,790
3 years$17,539$17,042$16,564$16,103$15,659$13,834
4 years$13,023$12,528$12,054$11,601$11,168$9,423
5 years$10,314$9,822$9,354$8,911$8,490$6,830
6 years$8,509$8,020$7,560$7,126$6,718$5,144
7 years$7,220$6,735$6,282$5,859$5,463$3,975
8 years$6,254$5,773$5,328$4,915$4,532$3,129
9 years$5,503$5,027$4,589$4,186$3,817$2,496
10 years$4,902$4,431$4,001$3,609$3,252$2,011
11 years$4,411$3,945$3,522$3,141$2,797$1,633
12 years$4,002$3,540$3,126$2,755$2,424$1,335
13 years$3,656$3,200$2,793$2,432$2,114$1,096
14 years$3,360$2,908$2,509$2,159$1,853$904
15 years$3,104$2,657$2,266$1,925$1,631$747
16 years$2,880$2,438$2,054$1,724$1,442$620
17 years$2,682$2,245$1,869$1,549$1,278$515
18 years$2,507$2,074$1,706$1,396$1,137$429
19 years$2,350$1,923$1,562$1,261$1,013$357
20 years$2,209$1,786$1,433$1,142$905$298
21 years$2,082$1,664$1,319$1,037$810$249
22 years$1,966$1,553$1,215$943$726$208
23 years$1,861$1,453$1,122$858$652$174
24 years$1,764$1,361$1,038$783$586$146
25 years$1,676$1,277$961$715$527$122
26 years$1,594$1,201$891$654$475$102
27 years$1,519$1,130$828$598$428$86
28 years$1,449$1,065$769$548$386$72
29 years$1,384$1,004$716$503$349$60
30 years$1,323$949$667$461$315$51
31 years$1,267$897$622$424$285$42
32 years$1,214$848$580$390$258$36
33 years$1,164$803$542$358$233$30
34 years$1,117$762$506$330$211$25
35 years$1,074$722$473$303$191$21
36 years$1,032$686$443$279$173$18
37 years$993$651$414$257$157$15
38 years$957$619$388$237$142$12
39 years$922$588$364$219$129$10
40 years$889$560$341$202$117$9
41 years$857$533$319$186$106$7
42 years$828$508$300$172$96$6
43 years$799$484$281$159$87$5
44 years$772$461$264$146$79$4
45 years$747$440$248$135$72$4
46 years$722$419$233$125$65$3
47 years$699$400$219$115$59$3
48 years$676$382$206$107$54$2
49 years$655$365$193$99$49$2
50 years$635$348$182$91$45$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $650,000, adding $2,259 every year, while hoping to spend $29,947 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: 85/10/5 Blend
47$650,000$650,000$650,000$650,000
48$718,630$684,180$674,105$779,528
49$760,067$685,842$664,824$821,226
50$804,727$686,581$654,229$862,683
51$852,907$686,321$642,243$907,263
52$904,933$684,980$628,788$955,259
53$961,164$682,472$613,780$1,006,995
54$1,021,995$678,705$597,134$1,062,826
55$1,087,858$673,582$578,758$1,123,142
56$1,159,230$666,998$558,557$1,188,375
57$1,236,635$658,845$536,432$1,258,998
58$1,320,650$649,006$512,280$1,335,534
59$1,411,906$637,357$485,992$1,418,558
60$1,511,103$623,770$457,455$1,508,703
61$1,619,006$608,105$426,550$1,606,667
62$1,736,458$590,216$393,153$1,713,218
63$1,864,388$569,948$357,136$1,829,203
64$2,003,818$547,138$318,362$1,955,555
65$2,155,872$521,612$276,691$2,093,302
66$2,321,787$493,186$231,976$2,243,575
67$2,502,924$461,668$184,062$2,407,623
68$2,700,783$426,850$132,789$2,586,820
69$2,917,014$388,518$77,989$2,782,679
70$3,153,435$346,440$19,487$2,996,872
71$3,412,046$300,376$0$3,231,236
72$3,695,049$250,069$0$3,490,090
73$4,004,870$195,248$0$3,774,634
74$4,344,180$135,629$0$4,086,299
75$4,715,920$70,909$0$4,427,810
76$5,123,330$769$0$4,802,166
77$5,569,977$0$0$5,212,675
78$6,059,790$0$0$5,671,247
79$6,597,096$0$0$6,174,386
80$7,186,663$0$0$6,726,472
81$7,833,740$0$0$7,332,423
82$8,544,112$0$0$7,997,657
83$9,324,148$0$0$8,728,140
84$10,180,867$0$0$9,530,447
85$11,122,000$0$0$10,411,817
86$12,156,063$0$0$11,380,230
87$13,292,437$0$0$12,444,472
88$14,541,461$0$0$13,614,226
89$15,914,521$0$0$14,900,158
90$17,424,162$0$0$16,314,019
91$19,084,207$0$0$17,868,757
92$20,909,884$0$0$19,578,635
93$22,917,972$0$0$21,459,370
94$25,126,956$0$0$23,528,276
95$27,557,204$0$0$25,804,433
96$30,231,157$0$0$28,308,860
97$33,173,541$0$0$31,064,718
98$36,411,601$0$0$34,097,528
99$39,975,355$0$0$37,435,406
100$43,897,881$0$0$41,109,336