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%16.7%
1 years$44,593$44,195$43,808$43,430$43,060$41,884
2 years$22,076$21,664$21,266$20,880$20,505$19,328
3 years$14,571$14,158$13,761$13,378$13,009$11,869
4 years$10,819$10,408$10,014$9,638$9,278$8,183
5 years$8,569$8,160$7,771$7,403$7,053$6,007
6 years$7,069$6,663$6,280$5,920$5,581$4,584
7 years$5,998$5,596$5,219$4,867$4,539$3,591
8 years$5,195$4,796$4,426$4,083$3,765$2,867
9 years$4,571$4,176$3,812$3,478$3,171$2,320
10 years$4,072$3,681$3,324$2,998$2,702$1,898
11 years$3,665$3,277$2,926$2,609$2,324$1,566
12 years$3,325$2,941$2,597$2,289$2,014$1,300
13 years$3,038$2,658$2,320$2,020$1,756$1,085
14 years$2,792$2,416$2,085$1,794$1,539$910
15 years$2,579$2,207$1,882$1,599$1,355$765
16 years$2,392$2,025$1,706$1,432$1,198$646
17 years$2,228$1,865$1,553$1,287$1,062$546
18 years$2,083$1,723$1,417$1,160$944$463
19 years$1,952$1,597$1,298$1,048$842$393
20 years$1,835$1,484$1,191$949$752$334
21 years$1,730$1,382$1,095$861$673$284
22 years$1,633$1,290$1,010$783$603$242
23 years$1,546$1,207$932$713$541$206
24 years$1,466$1,131$862$650$487$176
25 years$1,392$1,061$798$594$438$150
26 years$1,324$997$741$543$394$128
27 years$1,262$939$688$497$356$110
28 years$1,204$884$639$456$321$94
29 years$1,150$834$595$418$290$80
30 years$1,099$788$554$383$262$69
31 years$1,052$745$517$352$237$59
32 years$1,008$705$482$324$214$50
33 years$967$668$450$298$194$43
34 years$928$633$420$274$175$37
35 years$892$600$393$252$159$32
36 years$858$570$368$232$144$27
37 years$825$541$344$214$130$23
38 years$795$514$322$197$118$20
39 years$766$489$302$182$107$17
40 years$738$465$283$168$97$15
41 years$712$443$265$155$88$12
42 years$687$422$249$143$80$11
43 years$664$402$234$132$73$9
44 years$642$383$219$122$66$8
45 years$620$365$206$112$60$7
46 years$600$348$193$104$54$6
47 years$581$332$182$96$49$5
48 years$562$317$171$89$45$4
49 years$544$303$160$82$41$4
50 years$527$289$151$76$37$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $540,000, adding $2,881 every year, while hoping to spend $31,504 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: 52/31/17 Blend
47$540,000$540,000$540,000$540,000
48$598,052$569,432$561,062$626,237
49$625,533$563,814$546,337$640,269
50$654,761$556,865$530,064$651,977
51$685,882$548,486$512,156$664,020
52$719,054$538,574$492,525$676,439
53$754,450$527,016$471,077$689,281
54$792,261$513,698$447,715$702,601
55$832,696$498,493$422,338$716,460
56$875,983$481,272$394,839$730,928
57$922,374$461,895$365,107$746,084
58$972,144$440,215$333,025$762,018
59$1,025,594$416,077$298,473$778,830
60$1,083,057$389,316$261,324$796,635
61$1,144,895$359,760$221,444$815,563
62$1,211,509$327,222$178,697$835,757
63$1,283,337$291,511$132,938$857,382
64$1,360,862$252,419$84,016$880,619
65$1,444,613$209,731$31,774$905,676
66$1,535,172$163,216$0$932,781
67$1,633,180$112,634$0$966,543
68$1,739,339$57,727$0$1,009,333
69$1,854,422$0$0$1,055,738
70$1,979,281$0$0$1,106,757
71$2,114,851$0$0$1,183,579
72$2,262,159$0$0$1,267,101
73$2,422,338$0$0$1,357,970
74$2,596,633$0$0$1,456,899
75$2,786,413$0$0$1,564,671
76$2,993,185$0$0$1,682,150
77$3,218,609$0$0$1,810,286
78$3,464,510$0$0$1,950,123
79$3,732,898$0$0$2,102,811
80$4,025,983$0$0$2,269,618
81$4,346,202$0$0$2,451,937
82$4,696,235$0$0$2,651,304
83$5,079,032$0$0$2,869,407
84$5,497,844$0$0$3,108,109
85$5,956,249$0$0$3,369,459
86$6,458,186$0$0$3,655,712
87$7,007,994$0$0$3,969,353
88$7,610,451$0$0$4,313,121
89$8,270,820$0$0$4,690,027
90$8,994,896$0$0$5,103,393
91$9,789,061$0$0$5,556,873
92$10,660,347$0$0$6,054,497
93$11,616,497$0$0$6,600,698
94$12,666,042$0$0$7,200,365
95$13,818,377$0$0$7,858,879
96$15,083,853$0$0$8,582,170
97$16,473,872$0$0$9,376,769
98$18,000,994$0$0$10,249,873
99$19,679,055$0$0$11,209,409
100$21,523,301$0$0$12,264,110