Can I retire at age 48 with 740,000?

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 $740,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$61,109$60,564$60,033$59,515$59,009$58,588
2 years$30,252$29,688$29,142$28,613$28,099$27,675
3 years$19,967$19,402$18,857$18,333$17,827$17,413
4 years$14,826$14,262$13,723$13,208$12,715$12,313
5 years$11,743$11,182$10,650$10,145$9,665$9,277
6 years$9,687$9,131$8,607$8,113$7,648$7,274
7 years$8,220$7,668$7,152$6,670$6,220$5,861
8 years$7,120$6,573$6,066$5,595$5,160$4,816
9 years$6,265$5,723$5,224$4,766$4,345$4,016
10 years$5,581$5,044$4,555$4,108$3,703$3,387
11 years$5,022$4,491$4,010$3,575$3,184$2,883
12 years$4,556$4,031$3,559$3,136$2,759$2,472
13 years$4,163$3,643$3,179$2,769$2,406$2,133
14 years$3,826$3,311$2,857$2,458$2,109$1,849
15 years$3,534$3,025$2,579$2,192$1,857$1,610
16 years$3,278$2,775$2,338$1,963$1,641$1,407
17 years$3,054$2,556$2,128$1,763$1,455$1,233
18 years$2,854$2,362$1,942$1,589$1,294$1,083
19 years$2,675$2,189$1,778$1,436$1,153$954
20 years$2,515$2,034$1,632$1,301$1,030$842
21 years$2,370$1,894$1,501$1,180$922$744
22 years$2,238$1,768$1,383$1,073$826$659
23 years$2,119$1,654$1,277$977$742$584
24 years$2,009$1,550$1,181$891$667$518
25 years$1,908$1,454$1,094$814$600$460
26 years$1,815$1,367$1,015$744$540$409
27 years$1,729$1,286$942$681$487$364
28 years$1,649$1,212$876$624$440$324
29 years$1,575$1,143$815$572$397$289
30 years$1,506$1,080$759$525$359$257
31 years$1,442$1,021$708$483$324$229
32 years$1,382$966$661$443$293$205
33 years$1,325$915$617$408$266$183
34 years$1,272$867$576$375$240$163
35 years$1,222$822$539$345$218$146
36 years$1,175$780$504$318$197$130
37 years$1,131$741$472$293$179$116
38 years$1,089$704$442$270$162$104
39 years$1,049$670$414$249$147$93
40 years$1,012$637$388$230$133$83
41 years$976$607$364$212$121$74
42 years$942$578$341$196$110$66
43 years$910$551$320$181$100$59
44 years$879$525$301$167$90$53
45 years$850$500$282$154$82$47
46 years$822$477$265$142$75$42
47 years$796$456$249$131$68$38
48 years$770$435$234$121$61$34
49 years$746$415$220$112$56$30
50 years$722$397$207$104$51$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $740,000, adding $5,372 every year, while hoping to spend $52,278 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: 26/50/24 Blend
47$740,000$740,000$740,000$740,000
48$821,021$781,801$770,331$836,039
49$849,142$764,486$740,514$831,231
50$878,379$744,570$707,946$821,188
51$908,791$721,871$672,479$809,305
52$940,440$696,196$633,960$795,463
53$973,395$667,340$592,227$779,532
54$1,007,728$635,086$547,113$761,379
55$1,043,516$599,205$498,442$740,862
56$1,080,845$559,456$446,030$717,833
57$1,119,804$515,582$389,684$692,137
58$1,160,491$467,313$329,206$663,609
59$1,203,012$414,362$264,386$632,078
60$1,247,481$356,428$195,004$597,364
61$1,294,022$293,190$120,834$559,279
62$1,342,767$224,312$41,637$517,625
63$1,393,862$149,436$0$472,195
64$1,447,464$68,186$0$433,753
65$1,503,744$0$0$403,184
66$1,562,886$0$0$380,560
67$1,625,092$0$0$396,265
68$1,690,580$0$0$412,844
69$1,759,591$0$0$430,363
70$1,832,382$0$0$448,895
71$1,909,237$0$0$468,518
72$1,990,465$0$0$489,318
73$2,076,403$0$0$511,390
74$2,167,418$0$0$534,836
75$2,263,912$0$0$559,769
76$2,366,324$0$0$586,312
77$2,475,134$0$0$614,600
78$2,590,868$0$0$644,781
79$2,714,099$0$0$677,016
80$2,845,457$0$0$711,483
81$2,985,631$0$0$748,376
82$3,135,375$0$0$787,908
83$3,295,518$0$0$830,314
84$3,466,966$0$0$875,848
85$3,650,713$0$0$924,794
86$3,847,852$0$0$977,460
87$4,059,578$0$0$1,034,186
88$4,287,207$0$0$1,095,344
89$4,532,182$0$0$1,161,343
90$4,796,085$0$0$1,232,635
91$5,080,658$0$0$1,309,712
92$5,387,811$0$0$1,393,119
93$5,719,645$0$0$1,483,452
94$6,078,468$0$0$1,581,369
95$6,466,816$0$0$1,687,591
96$6,887,479$0$0$1,802,913
97$7,343,523$0$0$1,928,208
98$7,838,318$0$0$2,064,437
99$8,375,575$0$0$2,212,658
100$8,959,370$0$0$2,374,033