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%16.3%
1 years$59,870$59,337$58,816$58,308$57,813$56,324
2 years$29,639$29,087$28,552$28,033$27,530$26,040
3 years$19,563$19,008$18,475$17,961$17,466$16,021
4 years$14,526$13,973$13,445$12,940$12,457$11,069
5 years$11,504$10,955$10,434$9,939$9,470$8,142
6 years$9,491$8,946$8,432$7,948$7,493$6,227
7 years$8,053$7,513$7,007$6,535$6,094$4,889
8 years$6,975$6,440$5,943$5,482$5,055$3,912
9 years$6,138$5,607$5,118$4,669$4,257$3,174
10 years$5,468$4,942$4,462$4,025$3,627$2,603
11 years$4,920$4,400$3,929$3,503$3,120$2,153
12 years$4,464$3,949$3,486$3,073$2,704$1,792
13 years$4,078$3,569$3,115$2,713$2,358$1,500
14 years$3,748$3,244$2,799$2,408$2,067$1,261
15 years$3,462$2,963$2,527$2,147$1,820$1,064
16 years$3,212$2,719$2,291$1,923$1,608$900
17 years$2,992$2,504$2,085$1,728$1,426$763
18 years$2,796$2,314$1,903$1,557$1,268$649
19 years$2,621$2,144$1,742$1,407$1,130$552
20 years$2,464$1,993$1,599$1,274$1,009$471
21 years$2,322$1,856$1,471$1,156$903$402
22 years$2,193$1,733$1,355$1,051$810$344
23 years$2,076$1,620$1,252$958$727$294
24 years$1,968$1,518$1,157$873$653$252
25 years$1,869$1,425$1,072$798$588$216
26 years$1,778$1,339$994$729$530$185
27 years$1,694$1,260$923$668$477$158
28 years$1,616$1,188$858$612$431$136
29 years$1,543$1,120$799$561$389$117
30 years$1,476$1,058$744$515$351$100
31 years$1,413$1,000$694$473$318$86
32 years$1,354$946$647$434$287$74
33 years$1,298$896$604$400$260$63
34 years$1,246$849$565$368$236$54
35 years$1,198$806$528$338$213$47
36 years$1,151$765$494$312$193$40
37 years$1,108$726$462$287$175$35
38 years$1,067$690$433$265$159$30
39 years$1,028$656$405$244$144$25
40 years$991$624$380$225$131$22
41 years$956$594$356$208$119$19
42 years$923$566$334$192$108$16
43 years$891$539$314$177$98$14
44 years$861$514$294$163$89$12
45 years$833$490$276$151$80$10
46 years$805$468$260$139$73$9
47 years$779$446$244$129$66$8
48 years$754$426$229$119$60$7
49 years$731$407$215$110$55$6
50 years$708$389$203$102$50$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $725,000, adding $5,368 every year, while hoping to spend $47,882 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: 35/45/20 Blend
47$725,000$725,000$725,000$725,000
48$804,487$766,062$754,825$827,576
49$835,599$752,653$729,165$831,582
50$868,279$736,982$701,041$831,080
51$902,637$718,888$670,320$829,547
52$938,792$698,200$636,862$826,920
53$976,874$674,737$600,522$823,135
54$1,017,024$648,307$561,148$818,123
55$1,059,394$618,708$518,580$811,815
56$1,104,154$585,726$472,654$804,141
57$1,151,485$549,134$423,195$795,029
58$1,201,587$508,692$370,023$784,404
59$1,254,678$464,147$312,947$772,193
60$1,310,995$415,231$251,772$758,320
61$1,370,800$361,661$186,290$742,710
62$1,434,377$303,137$116,286$725,286
63$1,502,037$239,345$41,535$705,972
64$1,574,121$169,948$0$684,695
65$1,651,002$94,597$0$669,542
66$1,733,089$12,917$0$662,271
67$1,820,829$0$0$653,996
68$1,914,715$0$0$682,089
69$2,015,284$0$0$719,102
70$2,123,128$0$0$758,864
71$2,238,893$0$0$801,623
72$2,363,291$0$0$847,653
73$2,497,103$0$0$897,253
74$2,641,186$0$0$950,750
75$2,796,480$0$0$1,008,507
76$2,964,020$0$0$1,070,919
77$3,144,941$0$0$1,138,423
78$3,340,493$0$0$1,211,497
79$3,552,045$0$0$1,290,670
80$3,781,107$0$0$1,376,519
81$4,029,336$0$0$1,469,683
82$4,298,554$0$0$1,570,861
83$4,590,767$0$0$1,680,824
84$4,908,179$0$0$1,800,420
85$5,253,216$0$0$1,930,582
86$5,628,545$0$0$2,072,335
87$6,037,102$0$0$2,226,810
88$6,482,117$0$0$2,395,249
89$6,967,144$0$0$2,579,019
90$7,496,095$0$0$2,779,627
91$8,073,275$0$0$2,998,729
92$8,703,424$0$0$3,238,151
93$9,391,759$0$0$3,499,901
94$10,144,022$0$0$3,786,190
95$10,966,537$0$0$4,099,454
96$11,866,264$0$0$4,442,373
97$12,850,870$0$0$4,817,900
98$13,928,795$0$0$5,229,287
99$15,109,332$0$0$5,680,115
100$16,402,718$0$0$6,174,326