Can I retire at age 48 with 530,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%17%
1 years$43,767$43,377$42,997$42,625$42,263$41,058
2 years$21,667$21,263$20,872$20,493$20,125$18,921
3 years$14,301$13,896$13,506$13,130$12,768$11,602
4 years$10,619$10,215$9,829$9,459$9,106$7,987
5 years$8,410$8,009$7,627$7,266$6,923$5,853
6 years$6,938$6,540$6,164$5,811$5,478$4,460
7 years$5,887$5,492$5,122$4,777$4,455$3,488
8 years$5,099$4,708$4,344$4,007$3,696$2,779
9 years$4,487$4,099$3,742$3,413$3,112$2,245
10 years$3,997$3,613$3,262$2,942$2,652$1,834
11 years$3,597$3,216$2,872$2,561$2,281$1,509
12 years$3,263$2,887$2,549$2,246$1,976$1,251
13 years$2,981$2,609$2,277$1,983$1,723$1,042
14 years$2,740$2,371$2,046$1,760$1,511$872
15 years$2,531$2,166$1,847$1,570$1,330$732
16 years$2,348$1,988$1,675$1,406$1,176$616
17 years$2,187$1,830$1,524$1,263$1,042$520
18 years$2,044$1,691$1,391$1,138$927$440
19 years$1,916$1,568$1,274$1,028$826$372
20 years$1,801$1,457$1,169$931$738$316
21 years$1,697$1,357$1,075$845$660$268
22 years$1,603$1,267$991$769$592$228
23 years$1,517$1,185$915$700$531$194
24 years$1,439$1,110$846$638$478$165
25 years$1,366$1,042$784$583$430$141
26 years$1,300$979$727$533$387$120
27 years$1,238$921$675$488$349$102
28 years$1,181$868$627$447$315$87
29 years$1,128$819$584$410$284$74
30 years$1,079$773$544$376$257$63
31 years$1,033$731$507$346$232$54
32 years$990$692$473$318$210$46
33 years$949$655$442$292$190$39
34 years$911$621$413$269$172$34
35 years$875$589$386$247$156$29
36 years$842$559$361$228$141$25
37 years$810$531$338$210$128$21
38 years$780$505$316$193$116$18
39 years$752$480$296$178$105$15
40 years$725$456$278$165$95$13
41 years$699$435$261$152$87$11
42 years$675$414$244$140$79$10
43 years$652$394$229$129$71$8
44 years$630$376$215$119$65$7
45 years$609$358$202$110$59$6
46 years$589$342$190$102$53$5
47 years$570$326$178$94$48$4
48 years$552$311$168$87$44$4
49 years$534$297$158$80$40$3
50 years$517$284$148$74$36$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $530,000, adding $6,244 every year, while hoping to spend $36,594 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: 46/26/28 Blend
47$530,000$530,000$530,000$530,000
48$590,501$562,411$554,196$612,657
49$611,796$551,033$533,826$617,587
50$634,037$537,871$511,546$618,909
51$657,281$522,800$487,256$619,640
52$681,592$505,685$460,847$619,743
53$707,036$486,385$432,207$619,182
54$733,687$464,751$401,219$617,920
55$761,624$440,625$367,761$615,919
56$790,933$413,839$331,704$613,139
57$821,708$384,217$292,916$609,541
58$854,050$351,572$251,257$605,085
59$888,070$315,705$206,581$599,732
60$923,887$276,409$158,735$593,441
61$961,633$233,462$107,562$586,172
62$1,001,449$186,631$52,895$577,886
63$1,043,491$135,670$0$568,545
64$1,087,927$80,319$0$559,737
65$1,134,944$20,302$0$566,772
66$1,184,741$0$0$573,851
67$1,237,540$0$0$593,782
68$1,293,581$0$0$621,134
69$1,353,127$0$0$650,229
70$1,416,467$0$0$681,212
71$1,483,914$0$0$714,243
72$1,555,815$0$0$749,494
73$1,632,546$0$0$787,157
74$1,714,523$0$0$827,439
75$1,802,198$0$0$870,570
76$1,896,069$0$0$916,801
77$1,996,681$0$0$966,406
78$2,104,632$0$0$1,019,688
79$2,220,580$0$0$1,076,977
80$2,345,245$0$0$1,138,639
81$2,479,418$0$0$1,205,072
82$2,623,967$0$0$1,276,716
83$2,779,848$0$0$1,354,052
84$2,948,108$0$0$1,437,610
85$3,129,899$0$0$1,527,973
86$3,326,486$0$0$1,625,780
87$3,539,262$0$0$1,731,735
88$3,769,755$0$0$1,846,612
89$4,019,648$0$0$1,971,260
90$4,290,789$0$0$2,106,616
91$4,585,212$0$0$2,253,708
92$4,905,155$0$0$2,413,669
93$5,253,077$0$0$2,587,743
94$5,631,687$0$0$2,777,300
95$6,043,963$0$0$2,983,850
96$6,493,183$0$0$3,209,050
97$6,982,955$0$0$3,454,727
98$7,517,249$0$0$3,722,892
99$8,100,435$0$0$4,015,756
100$8,737,323$0$0$4,335,756