Can I retire at age 48 with 690,000?

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 $690,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$56,980$56,472$55,977$55,494$55,022$53,955
2 years$28,208$27,682$27,173$26,680$26,201$25,130
3 years$18,618$18,091$17,583$17,094$16,623$15,582
4 years$13,825$13,299$12,796$12,315$11,856$10,853
5 years$10,949$10,426$9,930$9,459$9,012$8,050
6 years$9,033$8,514$8,025$7,565$7,131$6,210
7 years$7,664$7,150$6,669$6,219$5,800$4,921
8 years$6,639$6,129$5,656$5,217$4,811$3,974
9 years$5,841$5,336$4,871$4,444$4,052$3,256
10 years$5,204$4,704$4,247$3,831$3,452$2,697
11 years$4,682$4,187$3,739$3,334$2,969$2,253
12 years$4,248$3,758$3,318$2,924$2,573$1,895
13 years$3,881$3,396$2,965$2,582$2,244$1,603
14 years$3,567$3,087$2,664$2,292$1,967$1,362
15 years$3,295$2,820$2,405$2,044$1,732$1,162
16 years$3,057$2,588$2,180$1,830$1,531$995
17 years$2,847$2,383$1,984$1,644$1,357$853
18 years$2,661$2,202$1,811$1,482$1,207$734
19 years$2,495$2,041$1,658$1,339$1,075$632
20 years$2,345$1,896$1,522$1,213$961$546
21 years$2,210$1,766$1,400$1,101$860$472
22 years$2,087$1,649$1,290$1,001$771$408
23 years$1,975$1,542$1,191$911$692$353
24 years$1,873$1,445$1,102$831$622$306
25 years$1,779$1,356$1,020$759$559$266
26 years$1,692$1,274$946$694$504$231
27 years$1,612$1,199$879$635$454$200
28 years$1,538$1,130$817$582$410$174
29 years$1,469$1,066$760$534$370$151
30 years$1,405$1,007$708$490$334$132
31 years$1,345$952$660$450$302$115
32 years$1,288$901$616$413$274$100
33 years$1,236$853$575$380$248$87
34 years$1,186$808$537$350$224$76
35 years$1,140$767$502$322$203$66
36 years$1,096$728$470$297$184$57
37 years$1,055$691$440$273$167$50
38 years$1,015$657$412$252$151$43
39 years$978$625$386$232$137$38
40 years$943$594$362$214$124$33
41 years$910$566$339$198$113$29
42 years$878$539$318$182$102$25
43 years$848$513$299$168$93$22
44 years$820$489$280$155$84$19
45 years$793$467$263$144$77$17
46 years$767$445$247$133$69$14
47 years$742$425$232$123$63$13
48 years$718$406$218$113$57$11
49 years$695$387$205$105$52$10
50 years$674$370$193$97$47$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $690,000, adding $4,248 every year, while hoping to spend $28,687 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: 53/31/16 Blend
47$690,000$690,000$690,000$690,000
48$764,762$728,192$717,497$801,786
49$812,245$733,350$711,010$832,728
50$863,610$737,800$703,345$862,979
51$919,222$741,477$694,431$895,256
52$979,483$744,310$684,195$929,757
53$1,044,837$746,227$672,562$966,706
54$1,115,767$747,150$659,450$1,006,347
55$1,192,810$746,995$644,776$1,048,951
56$1,276,553$745,674$628,453$1,094,820
57$1,367,644$743,094$610,388$1,144,285
58$1,466,793$739,155$590,485$1,197,714
59$1,574,785$733,752$568,645$1,255,514
60$1,692,480$726,774$544,763$1,318,135
61$1,820,828$718,101$518,727$1,386,073
62$1,960,873$707,608$490,425$1,459,879
63$2,113,763$695,162$459,736$1,540,162
64$2,280,764$680,622$426,534$1,627,593
65$2,463,269$663,839$390,689$1,722,915
66$2,662,809$644,654$352,064$1,826,951
67$2,881,073$622,900$310,516$1,940,607
68$3,119,920$598,400$265,896$2,064,888
69$3,381,397$570,966$218,048$2,200,902
70$3,667,756$540,400$166,809$2,349,874
71$3,981,480$506,492$112,010$2,513,157
72$4,325,301$469,020$53,472$2,692,246
73$4,702,230$427,751$0$2,888,792
74$5,115,582$382,435$0$3,106,156
75$5,569,007$332,811$0$3,354,657
76$6,066,529$278,601$0$3,627,416
77$6,612,577$219,515$0$3,926,925
78$7,212,031$155,242$0$4,255,933
79$7,870,265$85,456$0$4,617,473
80$8,593,201$9,812$0$5,014,891
81$9,387,363$0$0$5,451,879
82$10,259,934$0$0$5,957,088
83$11,218,833$0$0$6,516,029
84$12,272,779$0$0$7,130,449
85$13,431,381$0$0$7,805,958
86$14,705,224$0$0$8,548,737
87$16,105,970$0$0$9,365,597
88$17,646,468$0$0$10,264,040
89$19,340,873$0$0$11,252,335
90$21,204,784$0$0$12,339,587
91$23,255,384$0$0$13,535,835
92$25,511,609$0$0$14,852,134
93$27,994,320$0$0$16,300,669
94$30,726,504$0$0$17,894,863
95$33,733,489$0$0$19,649,508
96$37,043,183$0$0$21,580,902
97$40,686,334$0$0$23,707,003
98$44,696,827$0$0$26,047,600
99$49,111,995$0$0$28,624,495
100$53,972,978$0$0$31,461,715