Can I retire at age 48 with 775,000?

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 $775,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$63,999$63,429$62,873$62,330$61,800$60,851
2 years$31,683$31,093$30,521$29,966$29,428$28,475
3 years$20,912$20,319$19,749$19,200$18,671$17,742
4 years$15,528$14,937$14,372$13,832$13,316$12,419
5 years$12,298$11,711$11,153$10,624$10,123$9,261
6 years$10,145$9,563$9,014$8,496$8,010$7,183
7 years$8,609$8,031$7,490$6,985$6,514$5,724
8 years$7,456$6,884$6,352$5,860$5,404$4,649
9 years$6,561$5,994$5,471$4,991$4,551$3,832
10 years$5,845$5,283$4,770$4,303$3,878$3,193
11 years$5,259$4,703$4,199$3,745$3,335$2,684
12 years$4,772$4,221$3,727$3,284$2,890$2,273
13 years$4,359$3,815$3,330$2,900$2,520$1,935
14 years$4,006$3,468$2,992$2,574$2,209$1,656
15 years$3,701$3,168$2,701$2,296$1,945$1,422
16 years$3,434$2,906$2,449$2,055$1,719$1,226
17 years$3,198$2,677$2,229$1,847$1,524$1,059
18 years$2,989$2,473$2,034$1,664$1,355$918
19 years$2,802$2,292$1,862$1,504$1,208$796
20 years$2,634$2,130$1,709$1,362$1,079$693
21 years$2,482$1,984$1,572$1,236$966$603
22 years$2,344$1,852$1,449$1,124$866$526
23 years$2,219$1,732$1,338$1,024$777$459
24 years$2,104$1,623$1,237$934$698$401
25 years$1,998$1,523$1,146$853$628$351
26 years$1,901$1,431$1,063$780$566$307
27 years$1,811$1,347$987$714$510$269
28 years$1,727$1,269$917$654$460$235
29 years$1,650$1,198$854$600$416$206
30 years$1,578$1,131$795$550$376$181
31 years$1,510$1,069$741$505$340$159
32 years$1,447$1,012$692$464$307$139
33 years$1,388$958$646$427$278$122
34 years$1,332$908$603$393$252$107
35 years$1,280$861$564$362$228$94
36 years$1,231$817$528$333$207$83
37 years$1,184$776$494$307$187$73
38 years$1,140$738$463$283$170$64
39 years$1,099$702$433$261$154$56
40 years$1,060$667$406$241$140$49
41 years$1,022$635$381$222$127$43
42 years$987$605$357$205$115$38
43 years$953$577$335$189$104$33
44 years$921$550$315$175$95$29
45 years$890$524$296$161$86$26
46 years$861$500$278$149$78$23
47 years$833$477$261$138$71$20
48 years$807$455$245$127$64$18
49 years$781$435$230$118$58$15
50 years$757$415$217$109$53$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $775,000, adding $3,706 every year, while hoping to spend $56,222 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: 50/33/17 Blend
47$775,000$775,000$775,000$775,000
48$857,873$816,798$804,785$896,557
49$885,556$797,001$771,926$903,821
50$914,179$774,350$736,081$905,591
51$943,777$748,645$697,092$906,293
52$974,390$719,676$654,792$905,847
53$1,006,057$687,220$609,007$904,166
54$1,038,820$651,040$559,555$901,161
55$1,072,726$610,886$506,245$896,737
56$1,107,820$566,496$448,881$890,794
57$1,144,152$517,589$387,253$883,226
58$1,181,775$463,870$321,146$873,922
59$1,220,745$405,029$250,333$862,765
60$1,261,121$340,734$174,578$849,633
61$1,302,964$270,639$93,635$834,395
62$1,346,341$194,375$7,247$816,917
63$1,391,323$111,555$0$797,056
64$1,437,983$21,767$0$790,069
65$1,486,403$0$0$782,796
66$1,536,667$0$0$801,198
67$1,588,865$0$0$828,525
68$1,643,094$0$0$856,927
69$1,699,458$0$0$886,458
70$1,758,067$0$0$917,178
71$1,819,040$0$0$949,152
72$1,882,504$0$0$982,447
73$1,948,596$0$0$1,017,137
74$2,017,462$0$0$1,053,301
75$2,089,262$0$0$1,091,026
76$2,164,165$0$0$1,130,402
77$2,242,355$0$0$1,171,530
78$2,324,029$0$0$1,214,516
79$2,409,402$0$0$1,259,477
80$2,498,706$0$0$1,306,538
81$2,592,190$0$0$1,355,835
82$2,690,126$0$0$1,407,515
83$2,792,807$0$0$1,461,738
84$2,900,553$0$0$1,518,678
85$3,013,711$0$0$1,578,522
86$3,132,655$0$0$1,641,477
87$3,257,795$0$0$1,707,763
88$3,389,576$0$0$1,777,625
89$3,528,482$0$0$1,851,327
90$3,675,042$0$0$1,929,156
91$3,829,830$0$0$2,011,427
92$3,993,475$0$0$2,098,483
93$4,166,661$0$0$2,190,698
94$4,350,137$0$0$2,288,481
95$4,544,719$0$0$2,392,280
96$4,751,300$0$0$2,502,583
97$4,970,859$0$0$2,619,925
98$5,204,462$0$0$2,744,891
99$5,453,280$0$0$2,878,122
100$5,718,593$0$0$3,020,321