Can I retire at age 48 with 390,000?

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 $390,000?

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$32,206$31,919$31,639$31,366$31,099$30,622
2 years$15,943$15,647$15,359$15,080$14,809$14,329
3 years$10,523$10,225$9,938$9,662$9,396$8,928
4 years$7,814$7,517$7,232$6,961$6,701$6,250
5 years$6,189$5,893$5,613$5,347$5,094$4,660
6 years$5,105$4,812$4,536$4,276$4,031$3,615
7 years$4,332$4,041$3,769$3,515$3,278$2,880
8 years$3,752$3,464$3,197$2,949$2,719$2,340
9 years$3,302$3,016$2,753$2,512$2,290$1,928
10 years$2,941$2,659$2,400$2,165$1,951$1,607
11 years$2,647$2,367$2,113$1,884$1,678$1,351
12 years$2,401$2,124$1,875$1,653$1,454$1,144
13 years$2,194$1,920$1,676$1,459$1,268$974
14 years$2,016$1,745$1,506$1,295$1,112$833
15 years$1,862$1,594$1,359$1,155$979$716
16 years$1,728$1,463$1,232$1,034$865$617
17 years$1,609$1,347$1,121$929$767$533
18 years$1,504$1,245$1,024$838$682$462
19 years$1,410$1,154$937$757$608$401
20 years$1,325$1,072$860$685$543$348
21 years$1,249$998$791$622$486$303
22 years$1,180$932$729$566$436$265
23 years$1,117$872$673$515$391$231
24 years$1,059$817$623$470$351$202
25 years$1,005$766$577$429$316$176
26 years$956$720$535$392$285$154
27 years$911$678$497$359$257$135
28 years$869$639$462$329$232$118
29 years$830$603$430$302$209$104
30 years$794$569$400$277$189$91
31 years$760$538$373$254$171$80
32 years$728$509$348$234$155$70
33 years$698$482$325$215$140$62
34 years$670$457$304$198$127$54
35 years$644$433$284$182$115$47
36 years$619$411$266$168$104$42
37 years$596$391$249$154$94$37
38 years$574$371$233$142$85$32
39 years$553$353$218$131$77$28
40 years$533$336$204$121$70$25
41 years$514$320$192$112$64$22
42 years$497$305$180$103$58$19
43 years$480$290$169$95$52$17
44 years$463$277$158$88$48$15
45 years$448$264$149$81$43$13
46 years$433$252$140$75$39$11
47 years$419$240$131$69$36$10
48 years$406$229$123$64$32$9
49 years$393$219$116$59$29$8
50 years$381$209$109$55$27$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $390,000, adding $3,845 every year, while hoping to spend $30,147 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: 40/44/16 Blend
47$390,000$390,000$390,000$390,000
48$433,746$413,076$407,031$448,893
49$445,912$401,241$388,590$448,184
50$458,309$387,815$368,522$444,202
51$470,927$372,689$346,738$439,251
52$483,758$355,747$323,150$433,259
53$496,788$336,866$297,663$426,149
54$510,004$315,916$270,178$417,837
55$523,388$292,759$240,593$408,236
56$536,920$267,250$208,799$397,252
57$550,577$239,237$174,685$384,786
58$564,332$208,556$138,133$370,732
59$578,154$175,035$99,021$354,976
60$592,009$138,494$57,220$337,398
61$605,855$98,742$12,599$317,871
62$619,647$55,576$0$296,258
63$633,335$8,782$0$278,393
64$646,858$0$0$260,825
65$660,153$0$0$261,534
66$673,143$0$0$266,332
67$685,747$0$0$270,930
68$697,870$0$0$275,287
69$709,409$0$0$279,355
70$720,246$0$0$283,081
71$730,250$0$0$286,407
72$739,276$0$0$289,268
73$747,160$0$0$291,590
74$753,722$0$0$293,293
75$758,759$0$0$294,287
76$762,047$0$0$294,470
77$763,335$0$0$293,733
78$762,348$0$0$291,951
79$758,775$0$0$288,988
80$752,277$0$0$284,690
81$742,473$0$0$278,891
82$728,943$0$0$271,403
83$711,221$0$0$262,019
84$688,792$0$0$250,510
85$661,083$0$0$236,623
86$627,461$0$0$220,077
87$587,227$0$0$200,562
88$539,606$0$0$177,734
89$483,741$0$0$151,215
90$418,684$0$0$120,584
91$343,387$0$0$85,378
92$256,693$0$0$45,085
93$157,322$0$0$0
94$43,861$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0