Can I retire at age 48 with 780,000?

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 $780,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$64,412$63,838$63,278$62,732$62,198$60,719
2 years$31,887$31,293$30,718$30,160$29,618$28,137
3 years$21,047$20,450$19,876$19,323$18,791$17,354
4 years$15,628$15,033$14,465$13,921$13,402$12,019
5 years$12,377$11,786$11,225$10,693$10,188$8,864
6 years$10,211$9,624$9,072$8,551$8,061$6,798
7 years$8,664$8,082$7,539$7,031$6,556$5,353
8 years$7,505$6,928$6,393$5,898$5,439$4,295
9 years$6,603$6,032$5,507$5,024$4,580$3,496
10 years$5,882$5,317$4,801$4,330$3,903$2,876
11 years$5,293$4,734$4,227$3,769$3,356$2,386
12 years$4,803$4,249$3,751$3,306$2,909$1,993
13 years$4,388$3,839$3,351$2,918$2,536$1,673
14 years$4,032$3,490$3,011$2,591$2,223$1,411
15 years$3,725$3,188$2,719$2,310$1,958$1,195
16 years$3,456$2,925$2,465$2,069$1,730$1,015
17 years$3,219$2,694$2,243$1,859$1,534$864
18 years$3,008$2,489$2,047$1,675$1,364$737
19 years$2,820$2,307$1,874$1,514$1,216$630
20 years$2,651$2,144$1,720$1,371$1,086$539
21 years$2,498$1,997$1,582$1,244$972$462
22 years$2,359$1,864$1,458$1,131$871$396
23 years$2,233$1,743$1,346$1,030$782$340
24 years$2,117$1,633$1,245$940$703$292
25 years$2,011$1,533$1,153$858$632$251
26 years$1,913$1,441$1,070$785$570$216
27 years$1,822$1,356$993$718$514$186
28 years$1,738$1,278$923$658$463$160
29 years$1,660$1,205$859$603$418$138
30 years$1,588$1,138$800$554$378$119
31 years$1,520$1,076$746$509$342$103
32 years$1,456$1,018$696$467$309$89
33 years$1,397$964$650$430$280$76
34 years$1,341$914$607$395$253$66
35 years$1,288$867$568$364$229$57
36 years$1,239$823$531$335$208$49
37 years$1,192$781$497$309$188$42
38 years$1,148$743$466$285$171$37
39 years$1,106$706$436$263$155$32
40 years$1,066$672$409$242$141$27
41 years$1,029$639$383$223$127$23
42 years$993$609$360$206$116$20
43 years$959$580$337$190$105$18
44 years$927$553$317$176$95$15
45 years$896$527$297$162$87$13
46 years$867$503$279$150$79$11
47 years$839$480$262$139$71$10
48 years$812$458$247$128$65$8
49 years$786$438$232$118$59$7
50 years$762$418$218$109$53$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $780,000, adding $3,270 every year, while hoping to spend $33,580 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: 58/13/29 Blend
47$780,000$780,000$780,000$780,000
48$862,933$821,593$809,503$905,959
49$915,223$826,122$800,892$940,360
50$971,722$829,748$790,868$974,047
51$1,032,822$832,390$779,347$1,010,094
52$1,098,957$833,965$766,242$1,048,742
53$1,170,603$834,381$751,464$1,090,256
54$1,248,283$833,544$734,916$1,134,927
55$1,332,571$831,351$716,499$1,183,081
56$1,424,101$827,695$696,110$1,235,076
57$1,523,570$822,462$673,639$1,291,309
58$1,631,741$815,530$648,973$1,352,219
59$1,749,458$806,771$621,994$1,418,290
60$1,877,648$796,047$592,575$1,490,059
61$2,017,330$783,215$560,588$1,568,121
62$2,169,626$768,122$525,897$1,653,130
63$2,335,772$750,604$488,359$1,745,811
64$2,517,128$730,491$447,826$1,846,966
65$2,715,190$707,600$404,143$1,957,480
66$2,931,606$681,739$357,149$2,078,332
67$3,168,190$652,704$306,673$2,210,602
68$3,426,938$620,279$252,539$2,355,485
69$3,710,050$584,237$194,563$2,514,300
70$4,019,946$544,336$132,552$2,688,504
71$4,359,293$500,321$66,305$2,879,706
72$4,731,027$451,922$0$3,089,683
73$5,138,381$398,856$0$3,321,757
74$5,584,915$340,820$0$3,598,718
75$6,074,553$277,496$0$3,902,490
76$6,611,613$208,549$0$4,235,789
77$7,200,853$133,623$0$4,601,607
78$7,847,513$52,344$0$5,003,240
79$8,557,366$0$0$5,444,324
80$9,336,770$0$0$5,933,971
81$10,192,730$0$0$6,480,004
82$11,132,962$0$0$7,079,867
83$12,165,965$0$0$7,738,991
84$13,301,104$0$0$8,463,361
85$14,548,695$0$0$9,259,568
86$15,920,102$0$0$10,134,877
87$17,427,848$0$0$11,097,288
88$19,085,727$0$0$12,155,618
89$20,908,936$0$0$13,319,579
90$22,914,222$0$0$14,599,874
91$25,120,033$0$0$16,008,291
92$27,546,696$0$0$17,557,823
93$30,216,608$0$0$19,262,783
94$33,154,446$0$0$21,138,942
95$36,387,399$0$0$23,203,677
96$39,945,426$0$0$25,476,134
97$43,861,537$0$0$27,977,411
98$48,172,104$0$0$30,730,753
99$52,917,205$0$0$33,761,776
100$58,141,000$0$0$37,098,702