Can I retire at age 48 with 490,000?

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 $490,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$40,464$40,103$39,752$39,408$39,073$38,892
2 years$20,032$19,658$19,297$18,946$18,606$18,424
3 years$13,222$12,847$12,486$12,139$11,805$11,626
4 years$9,817$9,444$9,087$8,746$8,419$8,246
5 years$7,775$7,404$7,052$6,717$6,400$6,233
6 years$6,415$6,046$5,699$5,372$5,064$4,903
7 years$5,443$5,077$4,736$4,417$4,119$3,963
8 years$4,714$4,352$4,016$3,705$3,417$3,268
9 years$4,148$3,789$3,459$3,156$2,877$2,734
10 years$3,695$3,340$3,016$2,720$2,452$2,315
11 years$3,325$2,974$2,655$2,368$2,109$1,977
12 years$3,017$2,669$2,356$2,077$1,827$1,702
13 years$2,756$2,412$2,105$1,833$1,593$1,474
14 years$2,533$2,192$1,892$1,627$1,397$1,283
15 years$2,340$2,003$1,708$1,451$1,230$1,121
16 years$2,171$1,838$1,548$1,300$1,087$984
17 years$2,022$1,692$1,409$1,168$964$866
18 years$1,890$1,564$1,286$1,052$857$764
19 years$1,772$1,449$1,177$951$764$676
20 years$1,665$1,347$1,081$861$682$599
21 years$1,569$1,254$994$782$610$532
22 years$1,482$1,171$916$711$547$473
23 years$1,403$1,095$846$647$491$421
24 years$1,330$1,026$782$590$442$375
25 years$1,263$963$725$539$397$335
26 years$1,202$905$672$493$358$299
27 years$1,145$852$624$451$323$267
28 years$1,092$803$580$413$291$239
29 years$1,043$757$540$379$263$214
30 years$997$715$503$348$238$192
31 years$955$676$469$319$215$172
32 years$915$640$437$294$194$154
33 years$878$606$408$270$176$138
34 years$842$574$382$248$159$124
35 years$809$544$357$229$144$111
36 years$778$517$334$211$131$100
37 years$749$491$312$194$118$90
38 years$721$466$292$179$107$81
39 years$695$444$274$165$97$72
40 years$670$422$257$152$88$65
41 years$646$402$241$140$80$58
42 years$624$383$226$130$73$53
43 years$603$365$212$120$66$47
44 years$582$347$199$110$60$42
45 years$563$331$187$102$54$38
46 years$544$316$175$94$49$34
47 years$527$302$165$87$45$31
48 years$510$288$155$80$41$28
49 years$494$275$146$74$37$25
50 years$478$263$137$69$34$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $490,000, adding $6,956 every year, while hoping to spend $22,504 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: 54/16/30 Blend
47$490,000$490,000$490,000$490,000
48$547,155$521,185$513,590$571,792
49$579,021$522,779$506,851$591,203
50$613,383$523,697$499,132$609,467
51$650,471$523,882$490,377$628,911
52$690,541$523,273$480,526$649,658
53$733,869$521,807$469,517$671,843
54$780,763$519,415$457,285$695,617
55$831,560$516,025$443,763$721,148
56$886,629$511,561$428,879$748,621
57$946,379$505,940$412,560$778,242
58$1,011,256$499,078$394,727$810,238
59$1,081,754$490,882$375,300$844,864
60$1,158,413$481,256$354,194$882,398
61$1,241,832$470,098$331,319$923,151
62$1,332,664$457,299$306,584$967,466
63$1,431,633$442,743$279,892$1,015,724
64$1,539,532$426,310$251,141$1,068,345
65$1,657,236$407,871$220,226$1,125,796
66$1,785,707$387,290$187,036$1,188,592
67$1,926,004$364,422$151,457$1,257,303
68$2,079,293$339,115$113,367$1,332,562
69$2,246,858$311,209$72,642$1,415,065
70$2,430,112$280,533$29,150$1,505,585
71$2,630,612$246,907$0$1,604,975
72$2,850,070$210,141$0$1,719,705
73$3,090,374$170,035$0$1,855,609
74$3,353,601$126,375$0$2,004,546
75$3,642,039$78,939$0$2,167,840
76$3,958,209$27,489$0$2,346,950
77$4,304,886$0$0$2,543,486
78$4,685,126$0$0$2,764,192
79$5,102,297$0$0$3,011,691
80$5,560,107$0$0$3,283,350
81$6,062,640$0$0$3,581,599
82$6,614,398$0$0$3,909,115
83$7,220,335$0$0$4,268,847
84$7,885,914$0$0$4,664,042
85$8,617,148$0$0$5,098,281
86$9,420,664$0$0$5,575,505
87$10,303,763$0$0$6,100,057
88$11,274,487$0$0$6,676,723
89$12,341,697$0$0$7,310,774
90$13,515,154$0$0$8,008,019
91$14,805,614$0$0$8,774,857
92$16,224,926$0$0$9,618,338
93$17,786,146$0$0$10,546,229
94$19,503,658$0$0$11,567,091
95$21,393,311$0$0$12,690,353
96$23,472,567$0$0$13,926,405
97$25,760,667$0$0$15,286,695
98$28,278,812$0$0$16,783,839
99$31,050,359$0$0$18,431,736
100$34,101,049$0$0$20,245,700