Can I retire at age 48 with 530,000?

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 $530,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$43,767$43,377$42,997$42,625$42,263$41,292
2 years$21,667$21,263$20,872$20,493$20,125$19,152
3 years$14,301$13,896$13,506$13,130$12,768$11,823
4 years$10,619$10,215$9,829$9,459$9,106$8,197
5 years$8,410$8,009$7,627$7,266$6,923$6,052
6 years$6,938$6,540$6,164$5,811$5,478$4,646
7 years$5,887$5,492$5,122$4,777$4,455$3,663
8 years$5,099$4,708$4,344$4,007$3,696$2,943
9 years$4,487$4,099$3,742$3,413$3,112$2,398
10 years$3,997$3,613$3,262$2,942$2,652$1,975
11 years$3,597$3,216$2,872$2,561$2,281$1,641
12 years$3,263$2,887$2,549$2,246$1,976$1,372
13 years$2,981$2,609$2,277$1,983$1,723$1,154
14 years$2,740$2,371$2,046$1,760$1,511$974
15 years$2,531$2,166$1,847$1,570$1,330$826
16 years$2,348$1,988$1,675$1,406$1,176$702
17 years$2,187$1,830$1,524$1,263$1,042$599
18 years$2,044$1,691$1,391$1,138$927$512
19 years$1,916$1,568$1,274$1,028$826$438
20 years$1,801$1,457$1,169$931$738$375
21 years$1,697$1,357$1,075$845$660$322
22 years$1,603$1,267$991$769$592$277
23 years$1,517$1,185$915$700$531$238
24 years$1,439$1,110$846$638$478$205
25 years$1,366$1,042$784$583$430$177
26 years$1,300$979$727$533$387$152
27 years$1,238$921$675$488$349$131
28 years$1,181$868$627$447$315$113
29 years$1,128$819$584$410$284$98
30 years$1,079$773$544$376$257$84
31 years$1,033$731$507$346$232$73
32 years$990$692$473$318$210$63
33 years$949$655$442$292$190$54
34 years$911$621$413$269$172$47
35 years$875$589$386$247$156$41
36 years$842$559$361$228$141$35
37 years$810$531$338$210$128$30
38 years$780$505$316$193$116$26
39 years$752$480$296$178$105$23
40 years$725$456$278$165$95$20
41 years$699$435$261$152$87$17
42 years$675$414$244$140$79$15
43 years$652$394$229$129$71$13
44 years$630$376$215$119$65$11
45 years$609$358$202$110$59$9
46 years$589$342$190$102$53$8
47 years$570$326$178$94$48$7
48 years$552$311$168$87$44$6
49 years$534$297$158$80$40$5
50 years$517$284$148$74$36$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $530,000, adding $3,720 every year, while hoping to spend $39,862 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: 68/20/12 Blend
47$530,000$530,000$530,000$530,000
48$587,897$559,807$551,592$626,083
49$605,450$544,825$527,658$636,972
50$623,457$527,772$501,585$643,766
51$641,922$508,506$473,261$650,163
52$660,850$486,875$442,567$656,120
53$680,242$462,717$409,379$661,589
54$700,100$435,863$373,566$666,520
55$720,422$406,133$334,993$670,858
56$741,209$373,337$293,518$674,544
57$762,456$337,274$248,995$677,516
58$784,158$297,731$201,267$679,705
59$806,307$254,485$150,175$681,041
60$828,893$207,298$95,549$681,443
61$851,905$155,920$37,214$680,829
62$875,325$100,086$0$679,109
63$899,134$39,517$0$679,392
64$923,310$0$0$683,661
65$947,824$0$0$692,801
66$972,644$0$0$710,850
67$997,732$0$0$729,083
68$1,023,045$0$0$747,466
69$1,048,531$0$0$765,960
70$1,074,132$0$0$784,522
71$1,099,782$0$0$803,101
72$1,125,405$0$0$821,640
73$1,150,916$0$0$840,073
74$1,176,216$0$0$858,327
75$1,201,195$0$0$876,318
76$1,225,731$0$0$893,954
77$1,249,682$0$0$911,129
78$1,272,892$0$0$927,724
79$1,295,186$0$0$943,607
80$1,316,367$0$0$958,629
81$1,336,213$0$0$972,626
82$1,354,480$0$0$985,411
83$1,370,892$0$0$996,777
84$1,385,143$0$0$1,006,495
85$1,396,891$0$0$1,014,308
86$1,405,758$0$0$1,019,929
87$1,411,320$0$0$1,023,042
88$1,413,108$0$0$1,023,294
89$1,410,600$0$0$1,020,292
90$1,403,217$0$0$1,013,602
91$1,390,317$0$0$1,002,741
92$1,371,185$0$0$987,172
93$1,345,032$0$0$966,304
94$1,310,982$0$0$939,477
95$1,268,065$0$0$905,965
96$1,215,207$0$0$864,960
97$1,151,217$0$0$815,571
98$1,074,781$0$0$756,808
99$984,441$0$0$687,581
100$878,587$0$0$606,680