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%12.5%
1 years$37,161$36,830$36,507$36,191$35,884$35,509
2 years$18,396$18,054$17,722$17,400$17,087$16,710
3 years$12,142$11,798$11,467$11,148$10,841$10,473
4 years$9,016$8,673$8,345$8,032$7,732$7,375
5 years$7,141$6,800$6,476$6,169$5,878$5,534
6 years$5,891$5,552$5,234$4,933$4,651$4,321
7 years$4,999$4,663$4,349$4,056$3,782$3,466
8 years$4,330$3,997$3,688$3,403$3,138$2,835
9 years$3,810$3,480$3,177$2,898$2,642$2,353
10 years$3,394$3,068$2,770$2,498$2,252$1,975
11 years$3,054$2,731$2,438$2,174$1,936$1,673
12 years$2,771$2,451$2,164$1,907$1,678$1,427
13 years$2,531$2,215$1,933$1,684$1,463$1,225
14 years$2,326$2,013$1,737$1,495$1,283$1,056
15 years$2,149$1,839$1,568$1,333$1,129$915
16 years$1,994$1,688$1,422$1,193$998$795
17 years$1,857$1,554$1,294$1,072$885$693
18 years$1,735$1,436$1,181$966$787$605
19 years$1,627$1,331$1,081$873$701$530
20 years$1,529$1,237$992$791$627$465
21 years$1,441$1,152$913$718$561$409
22 years$1,361$1,075$841$653$503$360
23 years$1,288$1,006$777$594$451$317
24 years$1,222$942$718$542$405$279
25 years$1,160$884$665$495$365$247
26 years$1,104$831$617$453$329$218
27 years$1,051$782$573$414$296$193
28 years$1,003$737$533$380$267$170
29 years$958$695$496$348$241$151
30 years$916$657$462$319$218$134
31 years$877$621$430$293$197$118
32 years$840$587$402$270$178$105
33 years$806$556$375$248$161$93
34 years$774$527$350$228$146$82
35 years$743$500$328$210$132$73
36 years$715$475$306$193$120$65
37 years$688$451$287$178$109$58
38 years$662$428$269$164$99$51
39 years$638$407$252$151$89$45
40 years$615$388$236$140$81$40
41 years$594$369$221$129$74$36
42 years$573$351$207$119$67$32
43 years$553$335$195$110$61$28
44 years$535$319$183$101$55$25
45 years$517$304$172$94$50$22
46 years$500$290$161$86$45$20
47 years$484$277$151$80$41$18
48 years$468$264$142$74$37$16
49 years$454$253$134$68$34$14
50 years$439$241$126$63$31$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $450,000, adding $6,998 every year, while hoping to spend $46,611 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: 75/14/11 Blend
47$450,000$450,000$450,000$450,000
48$503,118$479,268$472,293$539,277
49$504,843$453,159$438,522$537,974
50$505,181$424,208$402,056$529,992
51$503,942$392,227$362,758$519,944
52$500,914$357,016$320,480$507,609
53$495,864$318,366$275,072$492,745
54$488,529$276,053$226,375$475,087
55$478,622$229,843$174,221$454,342
56$465,823$179,487$118,439$430,191
57$449,778$124,722$58,848$402,280
58$430,093$65,272$0$370,225
59$406,336$843$0$334,159
60$378,025$0$0$300,465
61$344,629$0$0$272,352
62$305,560$0$0$239,668
63$260,168$0$0$201,746
64$207,735$0$0$157,992
65$147,466$0$0$107,748
66$78,483$0$0$50,288
67$0$0$0$0
68$0$0$0$0
69$0$0$0$0
70$0$0$0$0
71$0$0$0$0
72$0$0$0$0
73$0$0$0$0
74$0$0$0$0
75$0$0$0$0
76$0$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$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