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%11.9%
1 years$63,999$63,429$62,873$62,330$61,800$61,307
2 years$31,683$31,093$30,521$29,966$29,428$28,932
3 years$20,912$20,319$19,749$19,200$18,671$18,186
4 years$15,528$14,937$14,372$13,832$13,316$12,846
5 years$12,298$11,711$11,153$10,624$10,123$9,670
6 years$10,145$9,563$9,014$8,496$8,010$7,574
7 years$8,609$8,031$7,490$6,985$6,514$6,095
8 years$7,456$6,884$6,352$5,860$5,404$5,003
9 years$6,561$5,994$5,471$4,991$4,551$4,167
10 years$5,845$5,283$4,770$4,303$3,878$3,510
11 years$5,259$4,703$4,199$3,745$3,335$2,984
12 years$4,772$4,221$3,727$3,284$2,890$2,556
13 years$4,359$3,815$3,330$2,900$2,520$2,202
14 years$4,006$3,468$2,992$2,574$2,209$1,907
15 years$3,701$3,168$2,701$2,296$1,945$1,658
16 years$3,434$2,906$2,449$2,055$1,719$1,447
17 years$3,198$2,677$2,229$1,847$1,524$1,266
18 years$2,989$2,473$2,034$1,664$1,355$1,111
19 years$2,802$2,292$1,862$1,504$1,208$977
20 years$2,634$2,130$1,709$1,362$1,079$861
21 years$2,482$1,984$1,572$1,236$966$760
22 years$2,344$1,852$1,449$1,124$866$671
23 years$2,219$1,732$1,338$1,024$777$594
24 years$2,104$1,623$1,237$934$698$527
25 years$1,998$1,523$1,146$853$628$467
26 years$1,901$1,431$1,063$780$566$414
27 years$1,811$1,347$987$714$510$368
28 years$1,727$1,269$917$654$460$327
29 years$1,650$1,198$854$600$416$291
30 years$1,578$1,131$795$550$376$259
31 years$1,510$1,069$741$505$340$231
32 years$1,447$1,012$692$464$307$205
33 years$1,388$958$646$427$278$183
34 years$1,332$908$603$393$252$163
35 years$1,280$861$564$362$228$145
36 years$1,231$817$528$333$207$130
37 years$1,184$776$494$307$187$116
38 years$1,140$738$463$283$170$103
39 years$1,099$702$433$261$154$92
40 years$1,060$667$406$241$140$82
41 years$1,022$635$381$222$127$73
42 years$987$605$357$205$115$65
43 years$953$577$335$189$104$58
44 years$921$550$315$175$95$52
45 years$890$524$296$161$86$47
46 years$861$500$278$149$78$42
47 years$833$477$261$138$71$37
48 years$807$455$245$127$64$33
49 years$781$435$230$118$58$30
50 years$757$415$217$109$53$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $775,000, adding $2,452 every year, while hoping to spend $56,312 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: 27/48/25 Blend
47$775,000$775,000$775,000$775,000
48$856,579$815,504$803,492$872,941
49$884,035$795,548$770,493$866,248
50$912,403$772,727$734,502$854,010
51$941,719$746,841$695,358$839,701
52$972,017$717,679$652,895$823,179
53$1,003,333$685,016$606,938$804,300
54$1,035,707$648,616$557,304$782,907
55$1,069,180$608,228$503,804$758,839
56$1,103,793$563,589$446,239$731,922
57$1,139,592$514,417$384,400$701,976
58$1,176,623$460,416$318,070$668,810
59$1,214,937$401,275$247,024$632,223
60$1,254,585$336,662$171,024$592,002
61$1,295,623$266,228$89,823$547,925
62$1,338,108$189,605$3,163$499,757
63$1,382,102$106,402$0$447,251
64$1,427,670$16,210$0$413,971
65$1,474,881$0$0$378,268
66$1,523,807$0$0$382,086
67$1,574,526$0$0$394,930
68$1,627,120$0$0$408,262
69$1,681,676$0$0$422,105
70$1,738,287$0$0$436,484
71$1,797,053$0$0$451,426
72$1,858,080$0$0$466,961
73$1,921,479$0$0$483,119
74$1,987,372$0$0$499,934
75$2,055,888$0$0$517,442
76$2,127,165$0$0$535,680
77$2,201,352$0$0$554,691
78$2,278,609$0$0$574,518
79$2,359,107$0$0$595,211
80$2,443,030$0$0$616,819
81$2,530,577$0$0$639,401
82$2,621,961$0$0$663,014
83$2,717,415$0$0$687,726
84$2,817,188$0$0$713,607
85$2,921,549$0$0$740,733
86$3,030,791$0$0$769,188
87$3,145,230$0$0$799,061
88$3,265,209$0$0$830,452
89$3,391,099$0$0$863,465
90$3,523,304$0$0$898,217
91$3,662,263$0$0$934,835
92$3,808,452$0$0$973,455
93$3,962,391$0$0$1,014,227
94$4,124,644$0$0$1,057,314
95$4,295,827$0$0$1,102,895
96$4,476,611$0$0$1,151,164
97$4,667,726$0$0$1,202,333
98$4,869,972$0$0$1,256,634
99$5,084,221$0$0$1,314,322
100$5,311,424$0$0$1,375,673