Can I retire at age 48 with 750,000?

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 $750,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$61,934$61,383$60,844$60,319$59,806$57,892
2 years$30,661$30,090$29,536$29,000$28,479$26,568
3 years$20,237$19,664$19,112$18,580$18,068$16,220
4 years$15,027$14,455$13,909$13,386$12,886$11,116
5 years$11,901$11,333$10,794$10,282$9,796$8,108
6 years$9,818$9,254$8,723$8,222$7,751$6,147
7 years$8,331$7,772$7,249$6,760$6,304$4,783
8 years$7,216$6,662$6,147$5,671$5,230$3,791
9 years$6,349$5,800$5,295$4,830$4,404$3,046
10 years$5,656$5,113$4,616$4,164$3,753$2,473
11 years$5,090$4,551$4,064$3,624$3,227$2,025
12 years$4,618$4,085$3,607$3,179$2,797$1,668
13 years$4,219$3,692$3,222$2,806$2,439$1,381
14 years$3,877$3,356$2,895$2,491$2,138$1,148
15 years$3,581$3,066$2,614$2,222$1,882$958
16 years$3,323$2,813$2,370$1,989$1,664$801
17 years$3,095$2,590$2,157$1,787$1,475$671
18 years$2,892$2,394$1,969$1,611$1,312$564
19 years$2,712$2,218$1,802$1,455$1,169$474
20 years$2,549$2,061$1,654$1,318$1,044$400
21 years$2,402$1,920$1,521$1,196$934$337
22 years$2,269$1,792$1,402$1,088$838$284
23 years$2,147$1,676$1,295$991$752$240
24 years$2,036$1,571$1,197$903$676$203
25 years$1,934$1,474$1,109$825$608$172
26 years$1,839$1,385$1,029$754$548$145
27 years$1,752$1,304$955$691$494$123
28 years$1,672$1,228$888$633$446$104
29 years$1,597$1,159$826$580$402$88
30 years$1,527$1,094$770$532$364$75
31 years$1,461$1,035$717$489$329$63
32 years$1,400$979$669$449$297$54
33 years$1,343$927$625$413$269$45
34 years$1,289$879$584$380$244$39
35 years$1,239$833$546$350$221$33
36 years$1,191$791$511$322$200$28
37 years$1,146$751$478$297$181$23
38 years$1,104$714$448$274$164$20
39 years$1,063$679$419$252$149$17
40 years$1,025$646$393$233$135$14
41 years$989$615$369$215$123$12
42 years$955$586$346$198$111$10
43 years$922$558$324$183$101$9
44 years$891$532$305$169$92$7
45 years$861$507$286$156$83$6
46 years$833$484$269$144$76$5
47 years$806$462$252$133$69$5
48 years$780$441$237$123$62$4
49 years$756$421$223$114$57$3
50 years$732$402$210$105$51$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $750,000, adding $4,487 every year, while hoping to spend $30,699 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: 45/28/27 Blend
47$750,000$750,000$750,000$750,000
48$831,128$791,378$779,753$861,869
49$883,240$797,492$773,212$890,242
50$939,638$802,877$765,422$917,688
51$1,000,727$807,464$756,310$946,860
52$1,066,953$811,182$745,798$977,935
53$1,138,805$813,952$733,804$1,011,111
54$1,216,820$815,693$720,244$1,046,606
55$1,301,592$816,318$705,028$1,084,665
56$1,393,771$815,734$688,063$1,125,556
57$1,494,074$813,844$669,252$1,169,579
58$1,603,289$810,542$648,492$1,217,067
59$1,722,284$805,718$625,676$1,268,386
60$1,852,014$799,254$600,692$1,323,945
61$1,993,528$791,027$573,425$1,384,197
62$2,147,985$780,904$543,751$1,449,640
63$2,316,656$768,745$511,543$1,520,831
64$2,500,943$754,402$476,668$1,598,384
65$2,702,389$737,717$438,986$1,682,978
66$2,922,693$718,525$398,352$1,775,367
67$3,163,724$696,650$354,614$1,876,384
68$3,427,543$671,904$307,612$1,986,951
69$3,716,416$644,091$257,181$2,108,089
70$4,032,841$613,002$203,147$2,240,926
71$4,379,568$578,417$145,330$2,386,711
72$4,759,625$540,101$83,540$2,546,825
73$5,176,349$497,808$17,580$2,722,794
74$5,633,412$451,276$0$2,916,307
75$6,134,862$400,230$0$3,144,443
76$6,685,156$344,379$0$3,400,444
77$7,289,202$283,414$0$3,681,584
78$7,952,409$217,010$0$3,990,448
79$8,680,734$144,822$0$4,329,889
80$9,480,739$66,489$0$4,703,055
81$10,359,653$0$0$5,113,416
82$11,325,442$0$0$5,570,466
83$12,386,877$0$0$6,095,388
84$13,553,625$0$0$6,672,489
85$14,836,335$0$0$7,307,050
86$16,246,739$0$0$8,004,885
87$17,797,763$0$0$8,772,404
88$19,503,648$0$0$9,616,666
89$21,380,084$0$0$10,545,453
90$23,444,359$0$0$11,567,333
91$25,715,521$0$0$12,691,753
92$28,214,556$0$0$13,929,116
93$30,964,588$0$0$15,290,889
94$33,991,096$0$0$16,789,704
95$37,322,154$0$0$18,439,482
96$40,988,695$0$0$20,255,559
97$45,024,803$0$0$22,254,837
98$49,468,034$0$0$24,455,937
99$54,359,773$0$0$26,879,379
100$59,745,617$0$0$29,547,774