Can I retire at age 48 with 790,000?

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 $790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$65,237$64,656$64,089$63,536$62,996$60,955
2 years$32,296$31,694$31,111$30,546$29,998$27,961
3 years$21,317$20,713$20,131$19,571$19,032$17,063
4 years$15,828$15,226$14,650$14,100$13,574$11,687
5 years$12,536$11,937$11,369$10,830$10,319$8,520
6 years$10,342$9,748$9,188$8,661$8,165$6,456
7 years$8,775$8,186$7,635$7,121$6,640$5,020
8 years$7,601$7,017$6,475$5,973$5,509$3,977
9 years$6,688$6,110$5,577$5,088$4,639$3,194
10 years$5,958$5,385$4,862$4,386$3,953$2,591
11 years$5,361$4,794$4,281$3,817$3,399$2,120
12 years$4,864$4,303$3,799$3,348$2,946$1,745
13 years$4,444$3,889$3,394$2,956$2,569$1,444
14 years$4,084$3,535$3,050$2,624$2,252$1,199
15 years$3,772$3,229$2,753$2,340$1,983$1,000
16 years$3,500$2,963$2,496$2,095$1,752$836
17 years$3,260$2,728$2,272$1,883$1,554$700
18 years$3,047$2,521$2,074$1,697$1,382$588
19 years$2,856$2,337$1,898$1,533$1,231$494
20 years$2,685$2,171$1,742$1,388$1,100$416
21 years$2,530$2,022$1,603$1,260$984$350
22 years$2,390$1,888$1,477$1,146$882$295
23 years$2,262$1,766$1,364$1,043$792$249
24 years$2,144$1,654$1,261$952$712$211
25 years$2,037$1,553$1,168$869$641$178
26 years$1,938$1,459$1,083$795$577$150
27 years$1,846$1,373$1,006$727$520$127
28 years$1,761$1,294$935$666$469$108
29 years$1,682$1,221$870$611$424$91
30 years$1,608$1,153$811$561$383$77
31 years$1,539$1,090$756$515$346$65
32 years$1,475$1,031$705$473$313$55
33 years$1,415$977$658$435$283$47
34 years$1,358$926$615$401$257$40
35 years$1,305$878$575$369$232$34
36 years$1,255$833$538$340$211$28
37 years$1,207$791$504$313$191$24
38 years$1,163$752$472$288$173$20
39 years$1,120$715$442$266$157$17
40 years$1,080$680$414$245$142$15
41 years$1,042$648$388$226$129$12
42 years$1,006$617$364$209$117$11
43 years$971$588$342$193$106$9
44 years$939$560$321$178$97$8
45 years$907$534$301$164$88$6
46 years$878$510$283$152$80$5
47 years$849$486$266$140$72$5
48 years$822$464$250$130$66$4
49 years$796$443$235$120$60$3
50 years$771$424$221$111$54$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $790,000, adding $4,054 every year, while hoping to spend $52,807 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: 50/34/16 Blend
47$790,000$790,000$790,000$790,000
48$874,762$832,892$820,647$914,450
49$907,801$817,517$791,952$926,834
50$942,441$799,619$760,526$934,470
51$978,788$779,019$726,222$941,610
52$1,016,960$755,526$688,886$948,228
53$1,057,082$728,940$648,356$954,293
54$1,099,294$699,047$604,465$959,778
55$1,143,744$665,622$557,037$964,657
56$1,190,596$628,428$505,889$968,905
57$1,240,029$587,213$450,827$972,498
58$1,292,235$541,709$391,653$975,415
59$1,347,426$491,637$328,157$977,638
60$1,405,834$436,697$260,120$979,151
61$1,467,709$376,576$187,315$979,944
62$1,533,328$310,941$109,503$980,012
63$1,602,992$239,441$26,435$979,352
64$1,677,029$161,705$0$977,973
65$1,755,800$77,343$0$986,509
66$1,839,698$0$0$999,868
67$1,929,155$0$0$1,018,876
68$2,024,644$0$0$1,070,102
69$2,126,682$0$0$1,124,892
70$2,235,837$0$0$1,183,559
71$2,352,731$0$0$1,246,443
72$2,478,047$0$0$1,313,920
73$2,612,533$0$0$1,386,400
74$2,757,011$0$0$1,464,335
75$2,912,383$0$0$1,548,219
76$3,079,639$0$0$1,638,597
77$3,259,865$0$0$1,736,066
78$3,454,258$0$0$1,841,283
79$3,664,127$0$0$1,954,968
80$3,890,916$0$0$2,077,913
81$4,136,208$0$0$2,210,991
82$4,401,746$0$0$2,355,158
83$4,689,443$0$0$2,511,468
84$5,001,404$0$0$2,681,077
85$5,339,945$0$0$2,865,261
86$5,707,612$0$0$3,065,418
87$6,107,206$0$0$3,283,090
88$6,541,806$0$0$3,519,973
89$7,014,803$0$0$3,777,931
90$7,529,926$0$0$4,059,016
91$8,091,280$0$0$4,365,488
92$8,703,381$0$0$4,699,832
93$9,371,200$0$0$5,064,785
94$10,100,209$0$0$5,463,358
95$10,896,431$0$0$5,898,868
96$11,766,497$0$0$6,374,964
97$12,717,706$0$0$6,895,667
98$13,758,096$0$0$7,465,400
99$14,896,516$0$0$8,089,037
100$16,142,710$0$0$8,771,944