Can I retire at age 48 with 520,000?

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 $520,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$42,941$42,559$42,185$41,821$41,466$40,695
2 years$21,258$20,862$20,478$20,106$19,745$18,972
3 years$14,031$13,634$13,251$12,882$12,527$11,775
4 years$10,419$10,022$9,643$9,281$8,935$8,209
5 years$8,251$7,857$7,484$7,129$6,792$6,096
6 years$6,807$6,416$6,048$5,701$5,374$4,708
7 years$5,776$5,388$5,026$4,687$4,371$3,734
8 years$5,003$4,619$4,262$3,932$3,626$3,019
9 years$4,402$4,021$3,671$3,349$3,054$2,477
10 years$3,922$3,545$3,201$2,887$2,602$2,054
11 years$3,529$3,156$2,818$2,512$2,238$1,718
12 years$3,202$2,832$2,501$2,204$1,939$1,447
13 years$2,925$2,560$2,234$1,946$1,691$1,226
14 years$2,688$2,327$2,007$1,727$1,482$1,043
15 years$2,483$2,125$1,812$1,540$1,305$891
16 years$2,304$1,950$1,643$1,379$1,153$764
17 years$2,146$1,796$1,495$1,239$1,023$656
18 years$2,005$1,660$1,365$1,117$909$565
19 years$1,880$1,538$1,250$1,009$811$488
20 years$1,767$1,429$1,147$914$724$421
21 years$1,665$1,331$1,055$829$648$365
22 years$1,573$1,243$972$754$581$316
23 years$1,489$1,162$898$687$521$274
24 years$1,412$1,089$830$626$469$238
25 years$1,341$1,022$769$572$422$207
26 years$1,275$960$713$523$380$180
27 years$1,215$904$662$479$342$157
28 years$1,159$852$616$439$309$136
29 years$1,107$804$573$402$279$119
30 years$1,058$759$534$369$252$103
31 years$1,013$717$497$339$228$90
32 years$971$679$464$312$206$79
33 years$931$643$433$287$187$68
34 years$894$609$405$264$169$60
35 years$859$578$379$243$153$52
36 years$826$548$354$224$139$45
37 years$795$521$331$206$126$40
38 years$765$495$310$190$114$35
39 years$737$471$291$175$103$30
40 years$711$448$273$161$94$26
41 years$686$426$256$149$85$23
42 years$662$406$240$137$77$20
43 years$639$387$225$127$70$18
44 years$618$369$211$117$64$15
45 years$597$352$198$108$58$13
46 years$578$335$186$100$52$12
47 years$559$320$175$92$48$10
48 years$541$306$164$85$43$9
49 years$524$292$155$79$39$8
50 years$508$279$145$73$36$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $520,000, adding $5,284 every year, while hoping to spend $22,517 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: 48/41/11 Blend
47$520,000$520,000$520,000$520,000
48$578,490$550,930$542,870$604,268
49$613,539$553,968$537,099$625,596
50$651,407$556,400$530,379$645,964
51$692,359$558,173$522,656$667,567
52$736,686$559,229$513,871$690,528
53$784,706$559,509$503,963$714,983
54$836,769$558,948$492,869$741,082
55$893,262$557,479$480,522$768,993
56$954,607$555,028$466,853$798,901
57$1,021,273$551,520$451,788$831,011
58$1,093,771$546,873$435,251$865,551
59$1,172,666$541,000$417,163$902,774
60$1,258,580$533,811$397,439$942,959
61$1,352,195$525,208$375,993$986,417
62$1,454,264$515,088$352,734$1,033,490
63$1,565,614$503,343$327,566$1,084,559
64$1,687,157$489,857$300,390$1,140,046
65$1,819,896$474,509$271,102$1,200,417
66$1,964,935$457,169$239,594$1,266,187
67$2,123,489$437,701$205,751$1,337,928
68$2,296,897$415,961$169,455$1,416,273
69$2,486,632$391,794$130,583$1,501,921
70$2,694,317$365,040$89,006$1,595,647
71$2,921,738$335,528$44,589$1,698,306
72$3,170,863$303,076$0$1,810,846
73$3,443,858$267,495$0$1,934,645
74$3,743,111$228,581$0$2,076,136
75$4,071,248$186,121$0$2,231,379
76$4,431,165$139,891$0$2,401,808
77$4,826,050$89,652$0$2,589,008
78$5,259,416$35,153$0$2,794,728
79$5,735,129$0$0$3,020,899
80$6,257,451$0$0$3,280,426
81$6,831,077$0$0$3,582,921
82$7,461,176$0$0$3,915,259
83$8,153,445$0$0$4,280,453
84$8,914,160$0$0$4,681,820
85$9,750,233$0$0$5,123,016
86$10,669,280$0$0$5,608,070
87$11,679,693$0$0$6,141,418
88$12,790,716$0$0$6,727,949
89$14,012,533$0$0$7,373,050
90$15,356,366$0$0$8,082,655
91$16,834,578$0$0$8,863,303
92$18,460,793$0$0$9,722,197
93$20,250,017$0$0$10,667,276
94$22,218,788$0$0$11,707,286
95$24,385,326$0$0$12,851,863
96$26,769,709$0$0$14,111,625
97$29,394,056$0$0$15,498,273
98$32,282,743$0$0$17,024,698
99$35,462,627$0$0$18,705,104
100$38,963,300$0$0$20,555,144