Can I retire at age 48 with 670,000?

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 $670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$55,328$54,835$54,354$53,885$53,427$52,542
2 years$27,390$26,880$26,386$25,906$25,441$24,552
3 years$18,079$17,566$17,073$16,598$16,141$15,276
4 years$13,424$12,913$12,425$11,958$11,512$10,677
5 years$10,632$10,124$9,642$9,185$8,751$7,949
6 years$8,771$8,267$7,792$7,345$6,924$6,156
7 years$7,442$6,943$6,476$6,039$5,631$4,896
8 years$6,446$5,951$5,492$5,066$4,672$3,971
9 years$5,672$5,182$4,730$4,315$3,934$3,266
10 years$5,053$4,567$4,124$3,720$3,352$2,717
11 years$4,547$4,066$3,630$3,237$2,883$2,280
12 years$4,125$3,649$3,222$2,839$2,498$1,927
13 years$3,769$3,298$2,879$2,507$2,179$1,637
14 years$3,464$2,998$2,586$2,225$1,910$1,398
15 years$3,199$2,739$2,335$1,985$1,682$1,198
16 years$2,968$2,513$2,117$1,777$1,486$1,031
17 years$2,765$2,314$1,927$1,597$1,318$889
18 years$2,584$2,138$1,759$1,439$1,172$768
19 years$2,422$1,982$1,610$1,300$1,044$665
20 years$2,277$1,841$1,478$1,178$933$577
21 years$2,146$1,715$1,359$1,069$835$502
22 years$2,027$1,601$1,253$972$748$436
23 years$1,918$1,497$1,157$885$672$380
24 years$1,819$1,403$1,070$807$604$331
25 years$1,727$1,317$991$737$543$289
26 years$1,643$1,237$919$674$489$252
27 years$1,565$1,165$853$617$441$220
28 years$1,493$1,097$793$565$398$193
29 years$1,426$1,035$738$518$359$168
30 years$1,364$978$688$476$325$147
31 years$1,306$924$641$437$294$129
32 years$1,251$875$598$401$266$113
33 years$1,200$828$558$369$240$99
34 years$1,152$785$522$340$218$86
35 years$1,107$745$488$313$197$76
36 years$1,064$707$456$288$179$66
37 years$1,024$671$427$265$162$58
38 years$986$638$400$245$147$51
39 years$950$607$375$226$133$45
40 years$916$577$351$208$121$39
41 years$884$549$329$192$110$34
42 years$853$523$309$177$99$30
43 years$824$498$290$163$90$26
44 years$796$475$272$151$82$23
45 years$770$453$255$139$74$20
46 years$744$432$240$129$67$18
47 years$720$412$225$119$61$16
48 years$697$394$212$110$56$14
49 years$675$376$199$102$51$12
50 years$654$359$187$94$46$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $670,000, adding $3,076 every year, while hoping to spend $47,387 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: 25/50/25 Blend
47$670,000$670,000$670,000$670,000
48$741,513$706,003$695,618$754,130
49$766,728$690,178$668,502$748,899
50$792,926$671,989$638,889$739,018
51$820,159$651,270$606,646$727,419
52$848,480$627,847$571,633$713,988
53$877,946$601,533$533,704$698,606
54$908,619$572,131$492,706$681,147
55$940,567$539,434$448,480$661,481
56$973,861$503,222$400,860$639,468
57$1,008,577$463,262$349,671$614,962
58$1,044,799$419,309$294,732$587,812
59$1,082,615$371,102$235,853$557,855
60$1,122,124$318,368$172,835$524,925
61$1,163,428$260,815$105,473$488,844
62$1,206,641$198,139$33,550$449,426
63$1,251,884$130,014$0$406,478
64$1,299,291$56,099$0$371,322
65$1,349,005$0$0$342,518
66$1,401,180$0$0$324,136
67$1,455,987$0$0$337,286
68$1,513,608$0$0$351,150
69$1,574,244$0$0$365,781
70$1,638,111$0$0$381,236
71$1,705,447$0$0$397,580
72$1,776,508$0$0$414,881
73$1,851,577$0$0$433,215
74$1,930,959$0$0$452,662
75$2,014,990$0$0$473,314
76$2,104,035$0$0$495,269
77$2,198,493$0$0$518,634
78$2,298,801$0$0$543,526
79$2,405,437$0$0$570,076
80$2,518,922$0$0$598,424
81$2,639,829$0$0$628,724
82$2,768,783$0$0$661,147
83$2,906,471$0$0$695,878
84$3,053,645$0$0$733,121
85$3,211,127$0$0$773,100
86$3,379,823$0$0$816,062
87$3,560,721$0$0$862,274
88$3,754,911$0$0$912,034
89$3,963,584$0$0$965,667
90$4,188,050$0$0$1,023,529
91$4,429,747$0$0$1,086,013
92$4,690,255$0$0$1,153,549
93$4,971,308$0$0$1,226,613
94$5,274,812$0$0$1,305,724
95$5,602,861$0$0$1,391,456
96$5,957,756$0$0$1,484,438
97$6,342,028$0$0$1,585,361
98$6,758,457$0$0$1,694,989
99$7,210,103$0$0$1,814,158
100$7,700,329$0$0$1,943,790