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%18.8%
1 years$57,805$57,290$56,788$56,298$55,819$53,838
2 years$28,617$28,084$27,567$27,066$26,580$24,606
3 years$18,888$18,353$17,838$17,342$16,864$14,958
4 years$14,025$13,491$12,981$12,494$12,027$10,204
5 years$11,108$10,577$10,074$9,596$9,143$7,408
6 years$9,164$8,637$8,141$7,674$7,235$5,588
7 years$7,776$7,254$6,765$6,309$5,884$4,326
8 years$6,735$6,218$5,738$5,293$4,881$3,411
9 years$5,926$5,414$4,942$4,508$4,111$2,726
10 years$5,279$4,772$4,308$3,886$3,502$2,201
11 years$4,750$4,248$3,793$3,382$3,012$1,791
12 years$4,310$3,813$3,366$2,967$2,610$1,466
13 years$3,938$3,446$3,008$2,619$2,276$1,207
14 years$3,619$3,132$2,702$2,325$1,995$997
15 years$3,343$2,861$2,440$2,073$1,757$826
16 years$3,101$2,625$2,212$1,857$1,553$687
17 years$2,889$2,418$2,013$1,668$1,377$572
18 years$2,700$2,234$1,837$1,503$1,224$477
19 years$2,531$2,070$1,682$1,358$1,091$399
20 years$2,379$1,924$1,544$1,230$975$333
21 years$2,242$1,792$1,420$1,117$872$279
22 years$2,117$1,673$1,309$1,015$782$234
23 years$2,004$1,565$1,208$925$702$196
24 years$1,900$1,466$1,118$843$631$165
25 years$1,805$1,376$1,035$770$568$138
26 years$1,717$1,293$960$704$511$116
27 years$1,635$1,217$891$645$461$98
28 years$1,560$1,147$829$591$416$82
29 years$1,490$1,082$771$542$376$69
30 years$1,425$1,021$718$497$339$58
31 years$1,364$966$670$456$307$49
32 years$1,307$914$625$419$278$41
33 years$1,254$865$583$386$251$34
34 years$1,203$820$545$355$227$29
35 years$1,156$778$510$327$206$24
36 years$1,112$738$477$301$187$21
37 years$1,070$701$446$277$169$17
38 years$1,030$666$418$256$153$15
39 years$993$634$391$236$139$12
40 years$957$603$367$217$126$10
41 years$923$574$344$201$114$9
42 years$891$547$323$185$104$7
43 years$861$521$303$171$94$6
44 years$832$496$284$158$86$5
45 years$804$473$267$146$78$4
46 years$778$452$251$135$70$4
47 years$753$431$236$124$64$3
48 years$728$411$221$115$58$3
49 years$705$393$208$106$53$2
50 years$683$375$196$98$48$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $700,000, adding $4,165 every year, while hoping to spend $30,592 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: 83/5/12 Blend
47$700,000$700,000$700,000$700,000
48$775,696$738,596$727,746$838,101
49$822,268$742,238$719,576$883,234
50$872,564$745,032$710,107$928,303
51$926,933$746,906$699,263$976,882
52$985,756$747,781$686,965$1,029,306
53$1,049,455$747,574$673,129$1,085,944
54$1,118,490$746,195$657,670$1,147,204
55$1,193,369$743,552$640,495$1,213,533
56$1,274,651$739,544$621,509$1,285,426
57$1,362,949$734,066$600,614$1,363,427
58$1,458,940$727,006$577,705$1,448,134
59$1,563,367$718,244$552,673$1,540,208
60$1,677,047$707,654$525,404$1,640,377
61$1,800,880$695,104$495,779$1,749,441
62$1,935,857$680,451$463,675$1,868,285
63$2,083,066$663,545$428,960$1,997,879
64$2,243,709$644,229$391,500$2,139,298
65$2,419,104$622,333$351,152$2,293,721
66$2,610,705$597,680$307,769$2,462,451
67$2,820,113$570,082$261,195$2,646,923
68$3,049,088$539,340$211,268$2,848,716
69$3,299,571$505,243$157,821$3,069,574
70$3,573,696$467,569$100,677$3,311,416
71$3,873,816$426,082$39,653$3,576,359
72$4,202,519$380,534$0$3,866,733
73$4,562,657$330,662$0$4,188,370
74$4,957,371$276,187$0$4,546,471
75$5,390,120$216,817$0$4,939,102
76$5,864,713$152,242$0$5,369,730
77$6,385,345$82,133$0$5,842,176
78$6,956,639$6,146$0$6,360,650
79$7,583,684$0$0$6,929,787
80$8,272,087$0$0$7,558,882
81$9,028,027$0$0$8,250,081
82$9,858,306$0$0$9,009,268
83$10,770,420$0$0$9,843,299
84$11,772,626$0$0$10,759,726
85$12,874,022$0$0$11,766,869
86$14,084,629$0$0$12,873,896
87$15,415,488$0$0$14,090,903
88$16,878,762$0$0$15,429,018
89$18,487,854$0$0$16,900,496
90$20,257,527$0$0$18,518,843
91$22,204,051$0$0$20,298,938
92$24,345,348$0$0$22,257,175
93$26,701,167$0$0$24,411,616
94$29,293,266$0$0$26,782,163
95$32,145,619$0$0$29,390,743
96$35,284,642$0$0$32,261,518
97$38,739,441$0$0$35,421,108
98$42,542,086$0$0$38,898,848
99$46,727,915$0$0$42,727,058
100$51,335,863$0$0$46,941,351