Can I retire at age 48 with 430,000?

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 $430,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$35,509$35,193$34,884$34,583$34,289$33,931
2 years$17,579$17,251$16,934$16,626$16,328$15,967
3 years$11,603$11,274$10,957$10,653$10,359$10,007
4 years$8,615$8,288$7,974$7,675$7,388$7,048
5 years$6,823$6,498$6,188$5,895$5,616$5,288
6 years$5,629$5,306$5,001$4,714$4,444$4,129
7 years$4,776$4,456$4,156$3,876$3,614$3,312
8 years$4,137$3,819$3,525$3,251$2,998$2,709
9 years$3,640$3,325$3,036$2,769$2,525$2,248
10 years$3,243$2,931$2,647$2,387$2,151$1,887
11 years$2,918$2,610$2,330$2,078$1,850$1,599
12 years$2,648$2,342$2,068$1,822$1,603$1,364
13 years$2,419$2,117$1,847$1,609$1,398$1,170
14 years$2,223$1,924$1,660$1,428$1,226$1,009
15 years$2,053$1,758$1,499$1,274$1,079$874
16 years$1,905$1,613$1,359$1,140$954$760
17 years$1,774$1,485$1,236$1,025$846$662
18 years$1,658$1,372$1,129$923$752$578
19 years$1,555$1,272$1,033$834$670$507
20 years$1,461$1,182$948$756$599$444
21 years$1,377$1,101$872$686$536$390
22 years$1,301$1,028$804$624$480$344
23 years$1,231$961$742$568$431$303
24 years$1,167$900$686$518$387$267
25 years$1,109$845$636$473$349$236
26 years$1,055$794$590$433$314$208
27 years$1,005$747$548$396$283$184
28 years$958$704$509$363$255$163
29 years$915$664$474$333$231$144
30 years$875$627$441$305$208$128
31 years$838$593$411$280$188$113
32 years$803$561$384$258$170$100
33 years$770$532$358$237$154$89
34 years$739$504$335$218$140$79
35 years$710$478$313$201$127$70
36 years$683$454$293$185$115$62
37 years$657$431$274$170$104$55
38 years$633$409$257$157$94$49
39 years$610$389$240$145$85$43
40 years$588$370$225$133$77$38
41 years$567$353$211$123$70$34
42 years$547$336$198$114$64$30
43 years$529$320$186$105$58$27
44 years$511$305$175$97$53$24
45 years$494$291$164$89$48$21
46 years$478$277$154$83$43$19
47 years$462$265$145$76$39$17
48 years$447$253$136$71$36$15
49 years$433$241$128$65$32$13
50 years$420$231$120$60$29$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $430,000, adding $2,936 every year, while hoping to spend $24,041 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: 48/22/30 Blend
47$430,000$430,000$430,000$430,000
48$476,888$454,098$447,433$495,567
49$499,952$450,770$436,843$505,711
50$524,562$446,472$425,092$514,150
51$550,851$441,133$412,116$522,859
52$578,964$434,675$397,849$531,875
53$609,060$427,016$382,219$541,243
54$641,314$418,070$365,153$551,012
55$675,917$407,744$346,574$561,238
56$713,079$395,942$326,403$571,985
57$753,030$382,561$304,555$583,325
58$796,024$367,491$280,942$595,340
59$842,338$350,617$255,473$608,122
60$892,277$331,818$228,052$621,774
61$946,177$310,965$198,579$636,414
62$1,004,405$287,920$166,950$652,171
63$1,067,367$262,541$133,055$669,193
64$1,135,507$234,674$96,781$687,645
65$1,209,314$204,158$58,009$707,712
66$1,289,326$170,824$16,614$729,600
67$1,376,134$134,492$0$753,541
68$1,470,389$94,970$0$788,615
69$1,572,805$52,060$0$832,538
70$1,684,169$5,549$0$880,351
71$1,805,346$0$0$932,461
72$1,937,290$0$0$1,000,160
73$2,081,048$0$0$1,075,428
74$2,237,773$0$0$1,157,530
75$2,408,734$0$0$1,247,137
76$2,595,329$0$0$1,344,988
77$2,799,094$0$0$1,451,895
78$3,021,724$0$0$1,568,753
79$3,265,081$0$0$1,696,546
80$3,531,218$0$0$1,836,360
81$3,822,393$0$0$1,989,387
82$4,141,094$0$0$2,156,943
83$4,490,060$0$0$2,340,476
84$4,872,309$0$0$2,541,581
85$5,291,160$0$0$2,762,013
86$5,750,274$0$0$3,003,706
87$6,253,679$0$0$3,268,792
88$6,805,812$0$0$3,559,615
89$7,411,563$0$0$3,878,760
90$8,076,314$0$0$4,229,075
91$8,805,996$0$0$4,613,694
92$9,607,141$0$0$5,036,071
93$10,486,946$0$0$5,500,013
94$11,453,337$0$0$6,009,709
95$12,515,046$0$0$6,569,779
96$13,681,694$0$0$7,185,308
97$14,963,879$0$0$7,861,902
98$16,373,276$0$0$8,605,735
99$17,922,749$0$0$9,423,609
100$19,626,469$0$0$10,323,020