Can I retire at age 48 with 410,000?

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 $410,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$33,857$33,556$33,262$32,974$32,694$31,711
2 years$16,761$16,449$16,146$15,853$15,569$14,586
3 years$11,063$10,750$10,448$10,157$9,877$8,927
4 years$8,215$7,902$7,603$7,318$7,045$6,133
5 years$6,506$6,195$5,900$5,621$5,355$4,485
6 years$5,367$5,059$4,768$4,495$4,237$3,410
7 years$4,554$4,248$3,963$3,696$3,446$2,661
8 years$3,945$3,642$3,361$3,100$2,859$2,115
9 years$3,471$3,171$2,894$2,641$2,408$1,705
10 years$3,092$2,795$2,523$2,276$2,051$1,389
11 years$2,782$2,488$2,222$1,981$1,764$1,140
12 years$2,524$2,233$1,972$1,738$1,529$942
13 years$2,306$2,018$1,762$1,534$1,333$783
14 years$2,120$1,834$1,583$1,362$1,169$653
15 years$1,958$1,676$1,429$1,214$1,029$547
16 years$1,816$1,538$1,296$1,087$909$459
17 years$1,692$1,416$1,179$977$806$386
18 years$1,581$1,308$1,076$880$717$326
19 years$1,482$1,213$985$796$639$275
20 years$1,393$1,127$904$721$571$232
21 years$1,313$1,050$832$654$511$197
22 years$1,240$980$767$595$458$167
23 years$1,174$916$708$542$411$141
24 years$1,113$859$655$494$369$120
25 years$1,057$806$606$451$332$102
26 years$1,006$757$562$412$299$87
27 years$958$713$522$377$270$74
28 years$914$672$485$346$244$63
29 years$873$634$452$317$220$53
30 years$835$598$421$291$199$45
31 years$799$566$392$267$180$38
32 years$766$535$366$246$163$33
33 years$734$507$342$226$147$28
34 years$705$480$319$208$133$24
35 years$677$456$298$191$121$20
36 years$651$432$279$176$109$17
37 years$627$411$261$162$99$15
38 years$603$390$245$150$90$12
39 years$581$371$229$138$81$11
40 years$561$353$215$127$74$9
41 years$541$336$202$117$67$8
42 years$522$320$189$108$61$7
43 years$504$305$177$100$55$6
44 years$487$291$167$92$50$5
45 years$471$277$156$85$45$4
46 years$455$264$147$79$41$3
47 years$441$252$138$73$37$3
48 years$427$241$130$67$34$2
49 years$413$230$122$62$31$2
50 years$400$220$115$57$28$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $410,000, adding $3,439 every year, while hoping to spend $23,582 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: 35/38/27 Blend
47$410,000$410,000$410,000$410,000
48$455,367$433,637$427,282$467,498
49$476,724$429,794$416,505$473,011
50$499,468$424,973$404,577$476,583
51$523,717$419,100$391,433$479,978
52$549,599$412,098$377,009$483,198
53$577,253$403,886$361,233$486,244
54$606,833$394,377$344,035$489,119
55$638,507$383,478$325,337$491,833
56$672,460$371,094$305,061$494,394
57$708,894$357,121$283,124$496,818
58$748,031$341,450$259,439$499,121
59$790,116$323,966$233,916$501,328
60$835,415$304,548$206,459$503,466
61$884,223$283,067$176,972$505,571
62$936,863$259,386$145,349$507,683
63$993,690$233,363$111,485$509,853
64$1,055,092$204,844$75,266$512,138
65$1,121,500$173,669$36,575$514,608
66$1,193,382$139,668$0$517,341
67$1,271,257$102,662$0$521,790
68$1,355,695$62,462$0$538,035
69$1,447,320$18,867$0$555,689
70$1,546,821$0$0$574,935
71$1,654,956$0$0$607,822
72$1,772,557$0$0$652,220
73$1,900,540$0$0$700,592
74$2,039,913$0$0$753,326
75$2,191,786$0$0$810,850
76$2,357,381$0$0$873,632
77$2,538,039$0$0$942,190
78$2,735,242$0$0$1,017,094
79$2,950,616$0$0$1,098,971
80$3,185,955$0$0$1,188,510
81$3,443,231$0$0$1,286,471
82$3,724,616$0$0$1,393,692
83$4,032,504$0$0$1,511,093
84$4,369,527$0$0$1,639,689
85$4,738,587$0$0$1,780,598
86$5,142,876$0$0$1,935,049
87$5,585,914$0$0$2,104,399
88$6,071,572$0$0$2,290,140
89$6,604,119$0$0$2,493,916
90$7,188,253$0$0$2,717,538
91$7,829,149$0$0$2,963,000
92$8,532,509$0$0$3,232,500
93$9,304,613$0$0$3,528,458
94$10,152,378$0$0$3,853,540
95$11,083,423$0$0$4,210,684
96$12,106,144$0$0$4,603,125
97$13,229,787$0$0$5,034,428
98$14,464,539$0$0$5,508,521
99$15,821,623$0$0$6,029,729
100$17,313,403$0$0$6,602,819