Can I retire at age 48 with 450,000?

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 $450,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$37,161$36,830$36,507$36,191$35,884$34,638
2 years$18,396$18,054$17,722$17,400$17,087$15,845
3 years$12,142$11,798$11,467$11,148$10,841$9,642
4 years$9,016$8,673$8,345$8,032$7,732$6,584
5 years$7,141$6,800$6,476$6,169$5,878$4,785
6 years$5,891$5,552$5,234$4,933$4,651$3,613
7 years$4,999$4,663$4,349$4,056$3,782$2,800
8 years$4,330$3,997$3,688$3,403$3,138$2,211
9 years$3,810$3,480$3,177$2,898$2,642$1,769
10 years$3,394$3,068$2,770$2,498$2,252$1,430
11 years$3,054$2,731$2,438$2,174$1,936$1,165
12 years$2,771$2,451$2,164$1,907$1,678$955
13 years$2,531$2,215$1,933$1,684$1,463$787
14 years$2,326$2,013$1,737$1,495$1,283$651
15 years$2,149$1,839$1,568$1,333$1,129$540
16 years$1,994$1,688$1,422$1,193$998$450
17 years$1,857$1,554$1,294$1,072$885$375
18 years$1,735$1,436$1,181$966$787$313
19 years$1,627$1,331$1,081$873$701$262
20 years$1,529$1,237$992$791$627$220
21 years$1,441$1,152$913$718$561$184
22 years$1,361$1,075$841$653$503$155
23 years$1,288$1,006$777$594$451$130
24 years$1,222$942$718$542$405$109
25 years$1,160$884$665$495$365$92
26 years$1,104$831$617$453$329$77
27 years$1,051$782$573$414$296$65
28 years$1,003$737$533$380$267$55
29 years$958$695$496$348$241$46
30 years$916$657$462$319$218$39
31 years$877$621$430$293$197$33
32 years$840$587$402$270$178$28
33 years$806$556$375$248$161$23
34 years$774$527$350$228$146$20
35 years$743$500$328$210$132$16
36 years$715$475$306$193$120$14
37 years$688$451$287$178$109$12
38 years$662$428$269$164$99$10
39 years$638$407$252$151$89$8
40 years$615$388$236$140$81$7
41 years$594$369$221$129$74$6
42 years$573$351$207$119$67$5
43 years$553$335$195$110$61$4
44 years$535$319$183$101$55$4
45 years$517$304$172$94$50$3
46 years$500$290$161$86$45$3
47 years$484$277$151$80$41$2
48 years$468$264$142$74$37$2
49 years$454$253$134$68$34$2
50 years$439$241$126$63$31$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $450,000, adding $4,412 every year, while hoping to spend $20,513 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: 29/50/21 Blend
47$450,000$450,000$450,000$450,000
48$500,451$476,601$469,626$511,558
49$529,671$478,129$463,533$521,988
50$561,185$479,044$456,548$531,065
51$595,203$479,295$448,620$540,391
52$631,960$478,826$439,695$549,999
53$671,711$477,580$429,716$559,930
54$714,739$475,495$418,625$570,227
55$761,353$472,505$406,359$580,943
56$811,894$468,540$392,855$592,135
57$866,735$463,526$378,044$603,869
58$926,289$457,386$361,855$616,221
59$991,008$450,036$344,215$629,276
60$1,061,392$441,389$325,047$643,131
61$1,137,987$431,350$304,270$657,894
62$1,221,398$419,823$281,799$673,688
63$1,312,288$406,701$257,547$690,652
64$1,411,387$391,876$231,420$708,940
65$1,519,500$375,229$203,324$728,729
66$1,637,511$356,637$173,157$750,213
67$1,766,394$335,969$140,815$773,613
68$1,907,222$313,087$106,188$799,175
69$2,061,175$287,845$69,162$827,175
70$2,229,553$260,087$29,616$857,922
71$2,413,786$229,650$0$891,760
72$2,615,451$196,362$0$931,893
73$2,836,283$160,040$0$983,197
74$3,078,193$120,490$0$1,039,537
75$3,343,285$77,510$0$1,101,479
76$3,633,876$30,884$0$1,169,651
77$3,952,519$0$0$1,244,748
78$4,302,025$0$0$1,338,336
79$4,685,491$0$0$1,459,734
80$5,106,327$0$0$1,593,039
81$5,568,290$0$0$1,739,450
82$6,075,519$0$0$1,900,288
83$6,632,572$0$0$2,077,009
84$7,244,470$0$0$2,271,217
85$7,916,747$0$0$2,484,678
86$8,655,497$0$0$2,719,339
87$9,467,432$0$0$2,977,343
88$10,359,951$0$0$3,261,054
89$11,341,203$0$0$3,573,075
90$12,420,165$0$0$3,916,272
91$13,606,729$0$0$4,293,806
92$14,911,794$0$0$4,709,157
93$16,347,366$0$0$5,166,163
94$17,926,676$0$0$5,669,047
95$19,664,299$0$0$6,222,468
96$21,576,297$0$0$6,831,556
97$23,680,365$0$0$7,501,965
98$25,996,001$0$0$8,239,923
99$28,544,690$0$0$9,052,295
100$31,350,104$0$0$9,946,643