Can I retire at age 48 with 725,000?

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 $725,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$59,870$59,337$58,816$58,308$57,813$55,673
2 years$29,639$29,087$28,552$28,033$27,530$25,398
3 years$19,563$19,008$18,475$17,961$17,466$15,410
4 years$14,526$13,973$13,445$12,940$12,457$10,491
5 years$11,504$10,955$10,434$9,939$9,470$7,600
6 years$9,491$8,946$8,432$7,948$7,493$5,721
7 years$8,053$7,513$7,007$6,535$6,094$4,418
8 years$6,975$6,440$5,943$5,482$5,055$3,475
9 years$6,138$5,607$5,118$4,669$4,257$2,770
10 years$5,468$4,942$4,462$4,025$3,627$2,231
11 years$4,920$4,400$3,929$3,503$3,120$1,811
12 years$4,464$3,949$3,486$3,073$2,704$1,479
13 years$4,078$3,569$3,115$2,713$2,358$1,214
14 years$3,748$3,244$2,799$2,408$2,067$1,000
15 years$3,462$2,963$2,527$2,147$1,820$826
16 years$3,212$2,719$2,291$1,923$1,608$685
17 years$2,992$2,504$2,085$1,728$1,426$569
18 years$2,796$2,314$1,903$1,557$1,268$473
19 years$2,621$2,144$1,742$1,407$1,130$394
20 years$2,464$1,993$1,599$1,274$1,009$329
21 years$2,322$1,856$1,471$1,156$903$274
22 years$2,193$1,733$1,355$1,051$810$229
23 years$2,076$1,620$1,252$958$727$192
24 years$1,968$1,518$1,157$873$653$160
25 years$1,869$1,425$1,072$798$588$134
26 years$1,778$1,339$994$729$530$112
27 years$1,694$1,260$923$668$477$94
28 years$1,616$1,188$858$612$431$79
29 years$1,543$1,120$799$561$389$66
30 years$1,476$1,058$744$515$351$55
31 years$1,413$1,000$694$473$318$46
32 years$1,354$946$647$434$287$39
33 years$1,298$896$604$400$260$33
34 years$1,246$849$565$368$236$27
35 years$1,198$806$528$338$213$23
36 years$1,151$765$494$312$193$19
37 years$1,108$726$462$287$175$16
38 years$1,067$690$433$265$159$14
39 years$1,028$656$405$244$144$11
40 years$991$624$380$225$131$10
41 years$956$594$356$208$119$8
42 years$923$566$334$192$108$7
43 years$891$539$314$177$98$6
44 years$861$514$294$163$89$5
45 years$833$490$276$151$80$4
46 years$805$468$260$139$73$3
47 years$779$446$244$129$66$3
48 years$754$426$229$119$60$2
49 years$731$407$215$110$55$2
50 years$708$389$203$102$50$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $725,000, adding $5,288 every year, while hoping to spend $43,456 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: 66/22/12 Blend
47$725,000$725,000$725,000$725,000
48$804,405$765,980$754,742$854,987
49$840,217$757,276$733,789$880,672
50$878,226$746,689$710,678$903,127
51$918,609$734,081$685,290$926,564
52$961,562$719,306$657,502$951,075
53$1,007,298$702,208$627,184$976,765
54$1,056,049$682,623$594,202$1,003,748
55$1,108,073$660,379$558,415$1,032,154
56$1,163,649$635,289$519,674$1,062,125
57$1,223,084$607,161$477,826$1,093,820
58$1,286,714$575,788$432,709$1,127,417
59$1,354,910$540,953$384,155$1,163,114
60$1,428,075$502,424$331,989$1,201,131
61$1,506,655$459,959$276,027$1,241,711
62$1,591,136$413,299$216,076$1,285,127
63$1,682,055$362,174$151,938$1,331,680
64$1,780,000$306,296$83,403$1,381,706
65$1,885,615$245,360$10,252$1,435,578
66$1,999,611$179,046$0$1,493,709
67$2,122,767$107,014$0$1,565,242
68$2,255,940$28,909$0$1,643,969
69$2,400,071$0$0$1,729,174
70$2,556,195$0$0$1,834,989
71$2,725,450$0$0$1,957,330
72$2,909,087$0$0$2,090,108
73$3,108,483$0$0$2,234,322
74$3,325,152$0$0$2,391,073
75$3,560,758$0$0$2,561,572
76$3,817,134$0$0$2,747,150
77$4,096,296$0$0$2,949,272
78$4,400,461$0$0$3,169,552
79$4,732,071$0$0$3,409,762
80$5,093,812$0$0$3,671,856
81$5,488,642$0$0$3,957,985
82$5,919,815$0$0$4,270,514
83$6,390,914$0$0$4,612,049
84$6,905,885$0$0$4,985,457
85$7,469,070$0$0$5,393,897
86$8,085,252$0$0$5,840,846
87$8,759,696$0$0$6,330,132
88$9,498,201$0$0$6,865,970
89$10,307,150$0$0$7,453,004
90$11,193,578$0$0$8,096,347
91$12,165,226$0$0$8,801,630
92$13,230,624$0$0$9,575,054
93$14,399,166$0$0$10,423,451
94$15,681,198$0$0$11,354,345
95$17,088,118$0$0$12,376,022
96$18,632,477$0$0$13,497,611
97$20,328,104$0$0$14,729,168
98$22,190,231$0$0$16,081,771
99$24,235,638$0$0$17,567,621
100$26,482,810$0$0$19,200,161