Can I retire at age 48 with 480,000?

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 $480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$39,638$39,285$38,940$38,604$38,276$38,083
2 years$19,623$19,257$18,903$18,560$18,227$18,032
3 years$12,952$12,585$12,232$11,891$11,564$11,373
4 years$9,617$9,251$8,901$8,567$8,247$8,062
5 years$7,617$7,253$6,908$6,580$6,269$6,091
6 years$6,284$5,923$5,583$5,262$4,961$4,789
7 years$5,332$4,974$4,639$4,326$4,034$3,869
8 years$4,618$4,264$3,934$3,629$3,347$3,188
9 years$4,064$3,712$3,389$3,091$2,819$2,666
10 years$3,620$3,272$2,954$2,665$2,402$2,256
11 years$3,257$2,913$2,601$2,319$2,065$1,926
12 years$2,955$2,614$2,308$2,034$1,790$1,657
13 years$2,700$2,363$2,062$1,796$1,561$1,434
14 years$2,481$2,148$1,853$1,594$1,368$1,247
15 years$2,292$1,962$1,673$1,422$1,205$1,089
16 years$2,127$1,800$1,517$1,273$1,065$955
17 years$1,981$1,658$1,380$1,144$944$840
18 years$1,851$1,532$1,260$1,031$839$741
19 years$1,735$1,420$1,153$931$748$655
20 years$1,631$1,319$1,059$844$668$580
21 years$1,537$1,229$974$766$598$514
22 years$1,452$1,147$897$696$536$457
23 years$1,374$1,073$829$634$481$407
24 years$1,303$1,005$766$578$433$362
25 years$1,238$943$710$528$389$323
26 years$1,177$887$658$483$351$288
27 years$1,121$834$611$442$316$257
28 years$1,070$786$568$405$285$230
29 years$1,022$742$529$371$258$206
30 years$977$700$493$341$233$184
31 years$935$662$459$313$210$165
32 years$896$627$428$288$190$148
33 years$860$593$400$265$172$132
34 years$825$562$374$243$156$119
35 years$793$533$349$224$141$106
36 years$762$506$327$206$128$95
37 years$734$481$306$190$116$86
38 years$706$457$287$175$105$77
39 years$681$435$268$162$95$69
40 years$656$413$252$149$86$62
41 years$633$394$236$137$78$56
42 years$611$375$221$127$71$50
43 years$590$357$208$117$65$45
44 years$570$340$195$108$59$40
45 years$551$325$183$100$53$36
46 years$533$310$172$92$48$33
47 years$516$295$162$85$44$29
48 years$500$282$152$79$40$26
49 years$484$269$143$73$36$24
50 years$469$257$134$67$33$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $480,000, adding $5,909 every year, while hoping to spend $22,221 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: 47/33/20 Blend
47$480,000$480,000$480,000$480,000
48$535,055$509,615$502,175$556,908
49$565,988$510,943$495,355$574,085
50$599,331$511,592$487,562$590,021
51$635,307$511,504$478,739$606,855
52$674,160$510,619$468,828$624,679
53$716,158$508,874$457,769$643,600
54$761,597$506,200$445,495$663,732
55$810,802$502,525$431,940$685,204
56$864,128$497,773$417,035$708,162
57$921,968$491,863$400,705$732,764
58$984,753$484,709$382,873$759,188
59$1,052,958$476,220$363,459$787,632
60$1,127,105$466,299$342,379$818,316
61$1,207,766$454,845$319,546$851,483
62$1,295,575$441,748$294,867$887,405
63$1,391,225$426,896$268,247$926,381
64$1,495,482$410,166$239,586$968,745
65$1,609,188$391,430$208,778$1,014,868
66$1,733,268$370,553$175,715$1,065,160
67$1,868,742$347,392$140,283$1,120,075
68$2,016,733$321,793$102,362$1,180,118
69$2,178,477$293,598$61,828$1,245,848
70$2,355,334$262,637$18,551$1,317,884
71$2,548,802$228,730$0$1,396,913
72$2,760,530$191,688$0$1,489,589
73$2,992,335$151,311$0$1,595,466
74$3,246,216$107,388$0$1,711,543
75$3,524,375$59,696$0$1,838,884
76$3,829,239$7,998$0$1,978,662
77$4,163,478$0$0$2,132,176
78$4,530,035$0$0$2,318,270
79$4,932,150$0$0$2,525,659
80$5,373,393$0$0$2,753,286
81$5,857,694$0$0$3,003,186
82$6,389,385$0$0$3,277,601
83$6,973,235$0$0$3,579,002
84$7,614,501$0$0$3,910,108
85$8,318,970$0$0$4,273,918
86$9,093,021$0$0$4,673,734
87$9,943,679$0$0$5,113,192
88$10,878,684$0$0$5,596,302
89$11,906,563$0$0$6,127,478
90$13,036,710$0$0$6,711,585
91$14,279,477$0$0$7,353,983
92$15,646,265$0$0$8,060,577
93$17,149,640$0$0$8,837,873
94$18,803,445$0$0$9,693,039
95$20,622,930$0$0$10,633,974
96$22,624,901$0$0$11,669,379
97$24,827,874$0$0$12,808,845
98$27,252,249$0$0$14,062,935
99$29,920,507$0$0$15,443,292
100$32,857,416$0$0$16,962,742