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%18.3%
1 years$42,941$42,559$42,185$41,821$41,466$40,074
2 years$21,258$20,862$20,478$20,106$19,745$18,357
3 years$14,031$13,634$13,251$12,882$12,527$11,186
4 years$10,419$10,022$9,643$9,281$8,935$7,651
5 years$8,251$7,857$7,484$7,129$6,792$5,568
6 years$6,807$6,416$6,048$5,701$5,374$4,212
7 years$5,776$5,388$5,026$4,687$4,371$3,270
8 years$5,003$4,619$4,262$3,932$3,626$2,586
9 years$4,402$4,021$3,671$3,349$3,054$2,073
10 years$3,922$3,545$3,201$2,887$2,602$1,679
11 years$3,529$3,156$2,818$2,512$2,238$1,371
12 years$3,202$2,832$2,501$2,204$1,939$1,126
13 years$2,925$2,560$2,234$1,946$1,691$930
14 years$2,688$2,327$2,007$1,727$1,482$771
15 years$2,483$2,125$1,812$1,540$1,305$641
16 years$2,304$1,950$1,643$1,379$1,153$535
17 years$2,146$1,796$1,495$1,239$1,023$447
18 years$2,005$1,660$1,365$1,117$909$374
19 years$1,880$1,538$1,250$1,009$811$314
20 years$1,767$1,429$1,147$914$724$264
21 years$1,665$1,331$1,055$829$648$222
22 years$1,573$1,243$972$754$581$186
23 years$1,489$1,162$898$687$521$157
24 years$1,412$1,089$830$626$469$132
25 years$1,341$1,022$769$572$422$111
26 years$1,275$960$713$523$380$94
27 years$1,215$904$662$479$342$79
28 years$1,159$852$616$439$309$67
29 years$1,107$804$573$402$279$57
30 years$1,058$759$534$369$252$48
31 years$1,013$717$497$339$228$40
32 years$971$679$464$312$206$34
33 years$931$643$433$287$187$29
34 years$894$609$405$264$169$24
35 years$859$578$379$243$153$21
36 years$826$548$354$224$139$17
37 years$795$521$331$206$126$15
38 years$765$495$310$190$114$12
39 years$737$471$291$175$103$10
40 years$711$448$273$161$94$9
41 years$686$426$256$149$85$7
42 years$662$406$240$137$77$6
43 years$639$387$225$127$70$5
44 years$618$369$211$117$64$5
45 years$597$352$198$108$58$4
46 years$578$335$186$100$52$3
47 years$559$320$175$92$48$3
48 years$541$306$164$85$43$2
49 years$524$292$155$79$39$2
50 years$508$279$145$73$36$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $520,000, adding $2,422 every year, while hoping to spend $34,266 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: 77/12/11 Blend
47$520,000$520,000$520,000$520,000
48$575,538$547,978$539,918$618,507
49$597,784$538,370$521,547$637,518
50$621,151$527,143$501,411$653,745
51$645,717$514,182$479,417$670,562
52$671,566$499,363$455,464$688,015
53$698,792$482,557$429,447$706,155
54$727,494$463,628$401,259$725,038
55$757,783$442,431$370,786$744,724
56$789,778$418,811$337,909$765,284
57$823,610$392,607$302,503$786,794
58$859,420$363,647$264,439$809,338
59$897,366$331,750$223,582$833,009
60$937,615$296,724$179,790$857,913
61$980,355$258,366$132,916$884,164
62$1,025,787$216,463$82,806$911,891
63$1,074,135$170,787$29,297$941,235
64$1,125,642$121,101$0$972,354
65$1,180,574$67,151$0$1,008,685
66$1,239,222$8,671$0$1,051,041
67$1,301,907$0$0$1,096,215
68$1,368,978$0$0$1,151,679
69$1,440,821$0$0$1,212,326
70$1,517,856$0$0$1,277,370
71$1,600,546$0$0$1,347,202
72$1,689,398$0$0$1,422,252
73$1,784,969$0$0$1,502,993
74$1,887,871$0$0$1,589,944
75$1,998,775$0$0$1,683,673
76$2,118,419$0$0$1,784,806
77$2,247,614$0$0$1,894,031
78$2,387,250$0$0$2,012,103
79$2,538,305$0$0$2,139,852
80$2,701,856$0$0$2,278,191
81$2,879,086$0$0$2,428,122
82$3,071,295$0$0$2,590,749
83$3,279,913$0$0$2,767,286
84$3,506,513$0$0$2,959,067
85$3,752,827$0$0$3,167,558
86$4,020,756$0$0$3,394,376
87$4,312,397$0$0$3,641,297
88$4,630,053$0$0$3,910,275
89$4,976,260$0$0$4,203,463
90$5,353,809$0$0$4,523,227
91$5,765,773$0$0$4,872,174
92$6,215,532$0$0$5,253,173
93$6,706,808$0$0$5,669,380
94$7,243,699$0$0$6,124,273
95$7,830,716$0$0$6,621,678
96$8,472,826$0$0$7,165,810
97$9,175,498$0$0$7,761,307
98$9,944,753$0$0$8,413,280
99$10,787,222$0$0$9,127,354
100$11,710,209$0$0$9,909,726