Can I retire at age 48 with 540,000?

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 $540,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$44,593$44,195$43,808$43,430$43,060$41,649
2 years$22,076$21,664$21,266$20,880$20,505$19,096
3 years$14,571$14,158$13,761$13,378$13,009$11,647
4 years$10,819$10,408$10,014$9,638$9,278$7,974
5 years$8,569$8,160$7,771$7,403$7,053$5,810
6 years$7,069$6,663$6,280$5,920$5,581$4,400
7 years$5,998$5,596$5,219$4,867$4,539$3,420
8 years$5,195$4,796$4,426$4,083$3,765$2,707
9 years$4,571$4,176$3,812$3,478$3,171$2,173
10 years$4,072$3,681$3,324$2,998$2,702$1,762
11 years$3,665$3,277$2,926$2,609$2,324$1,440
12 years$3,325$2,941$2,597$2,289$2,014$1,185
13 years$3,038$2,658$2,320$2,020$1,756$980
14 years$2,792$2,416$2,085$1,794$1,539$813
15 years$2,579$2,207$1,882$1,599$1,355$677
16 years$2,392$2,025$1,706$1,432$1,198$566
17 years$2,228$1,865$1,553$1,287$1,062$474
18 years$2,083$1,723$1,417$1,160$944$397
19 years$1,952$1,597$1,298$1,048$842$334
20 years$1,835$1,484$1,191$949$752$281
21 years$1,730$1,382$1,095$861$673$236
22 years$1,633$1,290$1,010$783$603$199
23 years$1,546$1,207$932$713$541$168
24 years$1,466$1,131$862$650$487$142
25 years$1,392$1,061$798$594$438$120
26 years$1,324$997$741$543$394$101
27 years$1,262$939$688$497$356$85
28 years$1,204$884$639$456$321$72
29 years$1,150$834$595$418$290$61
30 years$1,099$788$554$383$262$52
31 years$1,052$745$517$352$237$44
32 years$1,008$705$482$324$214$37
33 years$967$668$450$298$194$31
34 years$928$633$420$274$175$26
35 years$892$600$393$252$159$22
36 years$858$570$368$232$144$19
37 years$825$541$344$214$130$16
38 years$795$514$322$197$118$14
39 years$766$489$302$182$107$11
40 years$738$465$283$168$97$10
41 years$712$443$265$155$88$8
42 years$687$422$249$143$80$7
43 years$664$402$234$132$73$6
44 years$642$383$219$122$66$5
45 years$620$365$206$112$60$4
46 years$600$348$193$104$54$4
47 years$581$332$182$96$49$3
48 years$562$317$171$89$45$3
49 years$544$303$160$82$41$2
50 years$527$289$151$76$37$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $540,000, adding $4,045 every year, while hoping to spend $26,083 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: 43/29/28 Blend
47$540,000$540,000$540,000$540,000
48$599,252$570,632$562,262$619,980
49$632,624$570,841$553,346$635,430
50$668,525$570,186$543,257$649,382
51$707,187$568,597$531,928$664,002
52$748,862$566,000$519,289$679,365
53$793,828$562,317$505,268$695,559
54$842,391$557,463$489,787$712,682
55$894,887$551,351$472,767$730,842
56$951,685$543,886$454,124$750,161
57$1,013,189$534,969$433,770$770,776
58$1,079,847$524,495$411,613$792,840
59$1,152,148$512,352$387,559$816,524
60$1,230,632$498,422$361,507$842,018
61$1,315,892$482,580$333,353$869,535
62$1,408,579$464,693$302,987$899,313
63$1,509,413$444,621$270,295$931,616
64$1,619,182$422,217$235,159$966,739
65$1,738,755$397,322$197,454$1,005,010
66$1,869,089$369,772$157,049$1,046,793
67$2,011,236$339,391$113,811$1,092,496
68$2,166,355$305,993$67,595$1,142,570
69$2,335,719$269,383$18,256$1,197,517
70$2,520,733$229,354$0$1,257,893
71$2,722,942$185,686$0$1,334,596
72$2,944,047$138,149$0$1,424,523
73$3,185,920$86,499$0$1,523,029
74$3,450,625$30,478$0$1,631,011
75$3,740,430$0$0$1,749,463
76$4,057,838$0$0$1,889,113
77$4,405,602$0$0$2,052,842
78$4,786,755$0$0$2,232,359
79$5,204,637$0$0$2,429,246
80$5,662,925$0$0$2,645,244
81$6,165,673$0$0$2,882,273
82$6,717,343$0$0$3,142,447
83$7,322,850$0$0$3,428,092
84$7,987,609$0$0$3,741,775
85$8,717,586$0$0$4,086,320
86$9,519,350$0$0$4,464,839
87$10,400,141$0$0$4,880,762
88$11,367,931$0$0$5,337,864
89$12,431,505$0$0$5,840,308
90$13,600,542$0$0$6,392,677
91$14,885,702$0$0$7,000,023
92$16,298,733$0$0$7,667,909
93$17,852,576$0$0$8,402,468
94$19,561,489$0$0$9,210,453
95$21,441,181$0$0$10,099,307
96$23,508,961$0$0$11,077,230
97$25,783,900$0$0$12,153,256
98$28,287,008$0$0$13,337,341
99$31,041,438$0$0$14,640,453
100$34,072,697$0$0$16,074,677