Can I retire at age 48 with 420,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $420,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$34,683$34,374$34,073$33,779$33,491$32,213
2 years$17,170$16,850$16,540$16,240$15,948$14,676
3 years$11,333$11,012$10,703$10,405$10,118$8,891
4 years$8,415$8,095$7,789$7,496$7,216$6,044
5 years$6,665$6,346$6,044$5,758$5,486$4,372
6 years$5,498$5,182$4,885$4,605$4,341$3,285
7 years$4,665$4,352$4,059$3,786$3,530$2,533
8 years$4,041$3,731$3,443$3,176$2,929$1,989
9 years$3,556$3,248$2,965$2,705$2,466$1,582
10 years$3,167$2,863$2,585$2,332$2,101$1,272
11 years$2,850$2,549$2,276$2,029$1,807$1,030
12 years$2,586$2,288$2,020$1,780$1,566$840
13 years$2,363$2,067$1,805$1,571$1,366$688
14 years$2,171$1,879$1,621$1,395$1,197$565
15 years$2,006$1,717$1,464$1,244$1,054$466
16 years$1,861$1,575$1,327$1,114$932$386
17 years$1,733$1,451$1,208$1,001$826$319
18 years$1,620$1,340$1,102$902$734$265
19 years$1,518$1,242$1,009$815$655$220
20 years$1,427$1,154$926$738$585$183
21 years$1,345$1,075$852$670$523$153
22 years$1,270$1,004$785$609$469$127
23 years$1,202$939$725$555$421$106
24 years$1,140$880$671$506$378$89
25 years$1,083$825$621$462$341$74
26 years$1,030$776$576$422$307$62
27 years$981$730$535$387$277$52
28 years$936$688$497$354$250$43
29 years$894$649$463$325$225$36
30 years$855$613$431$298$204$30
31 years$818$579$402$274$184$25
32 years$784$548$375$252$167$21
33 years$752$519$350$231$151$18
34 years$722$492$327$213$136$15
35 years$694$467$306$196$124$12
36 years$667$443$286$181$112$10
37 years$642$421$268$166$101$9
38 years$618$400$251$153$92$7
39 years$596$380$235$141$83$6
40 years$574$362$220$130$76$5
41 years$554$344$206$120$69$4
42 years$535$328$194$111$62$4
43 years$516$312$182$102$57$3
44 years$499$298$171$95$51$2
45 years$482$284$160$87$47$2
46 years$467$271$150$81$42$2
47 years$452$259$141$75$38$1
48 years$437$247$133$69$35$1
49 years$423$236$125$64$32$1
50 years$410$225$117$59$29$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $420,000, adding $3,591 every year, while hoping to spend $31,312 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: 71/10/19 Blend
47$420,000$420,000$420,000$420,000
48$466,544$444,284$437,774$497,292
49$480,816$432,738$419,124$506,683
50$495,494$419,577$398,799$512,884
51$510,587$404,689$376,711$518,884
52$526,102$387,954$352,767$524,660
53$542,049$369,248$326,869$530,186
54$558,433$348,437$298,915$535,433
55$575,264$325,381$268,799$540,371
56$592,547$299,931$236,410$544,970
57$610,290$271,930$201,632$549,195
58$628,497$241,212$164,344$553,009
59$647,173$207,602$124,420$556,372
60$666,324$170,913$81,727$559,244
61$685,952$130,951$36,128$561,579
62$706,060$87,508$0$563,328
63$726,647$40,365$0$566,983
64$747,715$0$0$577,926
65$769,261$0$0$589,979
66$791,280$0$0$606,832
67$813,768$0$0$624,040
68$836,715$0$0$641,595
69$860,111$0$0$659,489
70$883,942$0$0$677,710
71$908,191$0$0$696,245
72$932,837$0$0$715,077
73$957,855$0$0$734,186
74$983,216$0$0$753,548
75$1,008,885$0$0$773,136
76$1,034,822$0$0$792,918
77$1,060,979$0$0$812,857
78$1,087,304$0$0$832,910
79$1,113,735$0$0$853,028
80$1,140,200$0$0$873,157
81$1,166,620$0$0$893,231
82$1,192,904$0$0$913,180
83$1,218,948$0$0$932,922
84$1,244,637$0$0$952,366
85$1,269,838$0$0$971,407
86$1,294,405$0$0$989,931
87$1,318,171$0$0$1,007,807
88$1,340,951$0$0$1,024,889
89$1,362,537$0$0$1,041,013
90$1,382,696$0$0$1,055,996
91$1,401,169$0$0$1,069,635
92$1,417,665$0$0$1,081,702
93$1,431,861$0$0$1,091,943
94$1,443,398$0$0$1,100,076
95$1,451,874$0$0$1,105,786
96$1,456,845$0$0$1,108,724
97$1,457,814$0$0$1,108,501
98$1,454,231$0$0$1,104,686
99$1,445,486$0$0$1,096,801
100$1,430,901$0$0$1,084,313