Can I retire at age 48 with 700,000?

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 $700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$57,805$57,290$56,788$56,298$55,819$54,403
2 years$28,617$28,084$27,567$27,066$26,580$25,163
3 years$18,888$18,353$17,838$17,342$16,864$15,490
4 years$14,025$13,491$12,981$12,494$12,027$10,707
5 years$11,108$10,577$10,074$9,596$9,143$7,880
6 years$9,164$8,637$8,141$7,674$7,235$6,029
7 years$7,776$7,254$6,765$6,309$5,884$4,737
8 years$6,735$6,218$5,738$5,293$4,881$3,792
9 years$5,926$5,414$4,942$4,508$4,111$3,079
10 years$5,279$4,772$4,308$3,886$3,502$2,527
11 years$4,750$4,248$3,793$3,382$3,012$2,091
12 years$4,310$3,813$3,366$2,967$2,610$1,742
13 years$3,938$3,446$3,008$2,619$2,276$1,459
14 years$3,619$3,132$2,702$2,325$1,995$1,227
15 years$3,343$2,861$2,440$2,073$1,757$1,036
16 years$3,101$2,625$2,212$1,857$1,553$877
17 years$2,889$2,418$2,013$1,668$1,377$744
18 years$2,700$2,234$1,837$1,503$1,224$633
19 years$2,531$2,070$1,682$1,358$1,091$540
20 years$2,379$1,924$1,544$1,230$975$460
21 years$2,242$1,792$1,420$1,117$872$393
22 years$2,117$1,673$1,309$1,015$782$336
23 years$2,004$1,565$1,208$925$702$288
24 years$1,900$1,466$1,118$843$631$247
25 years$1,805$1,376$1,035$770$568$211
26 years$1,717$1,293$960$704$511$181
27 years$1,635$1,217$891$645$461$156
28 years$1,560$1,147$829$591$416$134
29 years$1,490$1,082$771$542$376$115
30 years$1,425$1,021$718$497$339$99
31 years$1,364$966$670$456$307$85
32 years$1,307$914$625$419$278$73
33 years$1,254$865$583$386$251$63
34 years$1,203$820$545$355$227$54
35 years$1,156$778$510$327$206$46
36 years$1,112$738$477$301$187$40
37 years$1,070$701$446$277$169$34
38 years$1,030$666$418$256$153$29
39 years$993$634$391$236$139$25
40 years$957$603$367$217$126$22
41 years$923$574$344$201$114$19
42 years$891$547$323$185$104$16
43 years$861$521$303$171$94$14
44 years$832$496$284$158$86$12
45 years$804$473$267$146$78$10
46 years$778$452$251$135$70$9
47 years$753$431$236$124$64$8
48 years$728$411$221$115$58$7
49 years$705$393$208$106$53$6
50 years$683$375$196$98$48$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $700,000, adding $5,675 every year, while hoping to spend $28,879 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: 49/45/6 Blend
47$700,000$700,000$700,000$700,000
48$777,254$740,154$729,304$813,882
49$825,807$745,694$723,008$845,033
50$878,344$750,538$715,534$875,297
51$935,242$754,621$706,811$907,481
52$996,913$757,875$696,766$941,771
53$1,063,813$760,225$685,323$978,374
54$1,136,441$761,595$672,400$1,017,518
55$1,215,346$761,902$657,914$1,059,456
56$1,301,134$761,058$641,776$1,104,467
57$1,394,470$758,969$623,896$1,152,861
58$1,496,086$755,539$604,176$1,204,981
59$1,606,786$750,660$582,516$1,261,206
60$1,727,459$744,223$558,811$1,321,955
61$1,859,078$736,108$532,950$1,387,694
62$2,002,719$726,192$504,818$1,458,936
63$2,159,562$714,342$474,296$1,536,249
64$2,330,909$700,416$441,256$1,620,261
65$2,518,193$684,267$405,569$1,711,668
66$2,722,989$665,737$367,096$1,811,239
67$2,947,035$644,659$325,695$1,919,824
68$3,192,242$620,857$281,215$2,038,362
69$3,460,715$594,143$233,500$2,167,892
70$3,754,773$564,321$182,388$2,309,564
71$4,076,968$531,181$127,706$2,464,646
72$4,430,113$494,503$69,277$2,634,541
73$4,817,302$454,052$6,916$2,820,800
74$5,241,948$409,581$0$3,025,136
75$5,707,806$360,829$0$3,253,258
76$6,219,013$307,521$0$3,504,162
77$6,780,127$249,365$0$3,779,727
78$7,396,169$186,052$0$4,082,518
79$8,072,667$117,258$0$4,415,368
80$8,815,714$42,639$0$4,781,404
81$9,632,021$0$0$5,184,078
82$10,528,979$0$0$5,646,103
83$11,514,734$0$0$6,177,152
84$12,598,257$0$0$6,760,954
85$13,789,434$0$0$7,402,848
86$15,099,155$0$0$8,108,711
87$16,539,418$0$0$8,885,021
88$18,123,442$0$0$9,738,916
89$19,865,793$0$0$10,678,258
90$21,782,517$0$0$11,711,711
91$23,891,294$0$0$12,848,821
92$26,211,607$0$0$14,100,105
93$28,764,918$0$0$15,477,153
94$31,574,878$0$0$16,992,732
95$34,667,547$0$0$18,660,914
96$38,071,636$0$0$20,497,199
97$41,818,785$0$0$22,518,672
98$45,943,854$0$0$24,744,154
99$50,485,256$0$0$27,194,385
100$55,485,317$0$0$29,892,219