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%20%
1 years$43,767$43,377$42,997$42,625$42,263$40,570
2 years$21,667$21,263$20,872$20,493$20,125$18,441
3 years$14,301$13,896$13,506$13,130$12,768$11,146
4 years$10,619$10,215$9,829$9,459$9,106$7,558
5 years$8,410$8,009$7,627$7,266$6,923$5,452
6 years$6,938$6,540$6,164$5,811$5,478$4,086
7 years$5,887$5,492$5,122$4,777$4,455$3,141
8 years$5,099$4,708$4,344$4,007$3,696$2,459
9 years$4,487$4,099$3,742$3,413$3,112$1,951
10 years$3,997$3,613$3,262$2,942$2,652$1,563
11 years$3,597$3,216$2,872$2,561$2,281$1,262
12 years$3,263$2,887$2,549$2,246$1,976$1,025
13 years$2,981$2,609$2,277$1,983$1,723$837
14 years$2,740$2,371$2,046$1,760$1,511$685
15 years$2,531$2,166$1,847$1,570$1,330$563
16 years$2,348$1,988$1,675$1,406$1,176$464
17 years$2,187$1,830$1,524$1,263$1,042$383
18 years$2,044$1,691$1,391$1,138$927$317
19 years$1,916$1,568$1,274$1,028$826$262
20 years$1,801$1,457$1,169$931$738$217
21 years$1,697$1,357$1,075$845$660$180
22 years$1,603$1,267$991$769$592$150
23 years$1,517$1,185$915$700$531$124
24 years$1,439$1,110$846$638$478$103
25 years$1,366$1,042$784$583$430$86
26 years$1,300$979$727$533$387$72
27 years$1,238$921$675$488$349$59
28 years$1,181$868$627$447$315$50
29 years$1,128$819$584$410$284$41
30 years$1,079$773$544$376$257$34
31 years$1,033$731$507$346$232$29
32 years$990$692$473$318$210$24
33 years$949$655$442$292$190$20
34 years$911$621$413$269$172$17
35 years$875$589$386$247$156$14
36 years$842$559$361$228$141$11
37 years$810$531$338$210$128$10
38 years$780$505$316$193$116$8
39 years$752$480$296$178$105$7
40 years$725$456$278$165$95$6
41 years$699$435$261$152$87$5
42 years$675$414$244$140$79$4
43 years$652$394$229$129$71$3
44 years$630$376$215$119$65$3
45 years$609$358$202$110$59$2
46 years$589$342$190$102$53$2
47 years$570$326$178$94$48$2
48 years$552$311$168$87$44$1
49 years$534$297$158$80$40$1
50 years$517$284$148$74$36$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $530,000, adding $6,753 every year, while hoping to spend $37,482 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: 67/16/17 Blend
47$530,000$530,000$530,000$530,000
48$591,026$562,936$554,721$627,752
49$611,430$550,639$533,423$640,847
50$632,659$536,484$510,156$650,161
51$654,757$520,339$484,814$659,421
52$677,773$502,066$457,286$668,620
53$701,758$481,519$427,457$677,753
54$726,768$458,544$395,207$686,812
55$752,861$432,975$360,409$695,793
56$780,102$404,641$322,932$704,690
57$808,562$373,357$282,640$713,501
58$838,314$338,930$239,387$722,222
59$869,440$301,156$193,025$730,854
60$902,028$259,818$143,396$739,398
61$936,173$214,687$90,338$747,857
62$971,979$165,522$33,680$756,236
63$1,009,556$112,069$0$764,545
64$1,049,027$54,056$0$777,653
65$1,090,523$0$0$797,555
66$1,134,189$0$0$819,737
67$1,180,181$0$0$853,138
68$1,228,668$0$0$888,363
69$1,279,836$0$0$925,550
70$1,333,887$0$0$964,847
71$1,391,042$0$0$1,006,417
72$1,451,542$0$0$1,050,436
73$1,515,649$0$0$1,097,098
74$1,583,650$0$0$1,146,614
75$1,655,860$0$0$1,199,215
76$1,732,621$0$0$1,255,155
77$1,814,310$0$0$1,314,710
78$1,901,338$0$0$1,378,182
79$1,994,154$0$0$1,445,904
80$2,093,252$0$0$1,518,239
81$2,199,172$0$0$1,595,585
82$2,312,508$0$0$1,678,378
83$2,433,907$0$0$1,767,097
84$2,564,084$0$0$1,862,268
85$2,703,818$0$0$1,964,467
86$2,853,969$0$0$2,074,325
87$3,015,478$0$0$2,192,538
88$3,189,378$0$0$2,319,867
89$3,376,806$0$0$2,457,151
90$3,579,007$0$0$2,605,307
91$3,797,353$0$0$2,765,348
92$4,033,348$0$0$2,938,384
93$4,288,648$0$0$3,125,635
94$4,565,071$0$0$3,328,442
95$4,864,617$0$0$3,548,282
96$5,189,486$0$0$3,786,776
97$5,542,094$0$0$4,045,709
98$5,925,101$0$0$4,327,042
99$6,341,433$0$0$4,632,934
100$6,794,308$0$0$4,965,760