Can I retire at age 48 with 540,000?

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 $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%11.8%
1 years$44,593$44,195$43,808$43,430$43,060$42,735
2 years$22,076$21,664$21,266$20,880$20,505$20,177
3 years$14,571$14,158$13,761$13,378$13,009$12,689
4 years$10,819$10,408$10,014$9,638$9,278$8,968
5 years$8,569$8,160$7,771$7,403$7,053$6,754
6 years$7,069$6,663$6,280$5,920$5,581$5,293
7 years$5,998$5,596$5,219$4,867$4,539$4,262
8 years$5,195$4,796$4,426$4,083$3,765$3,500
9 years$4,571$4,176$3,812$3,478$3,171$2,917
10 years$4,072$3,681$3,324$2,998$2,702$2,459
11 years$3,665$3,277$2,926$2,609$2,324$2,092
12 years$3,325$2,941$2,597$2,289$2,014$1,792
13 years$3,038$2,658$2,320$2,020$1,756$1,545
14 years$2,792$2,416$2,085$1,794$1,539$1,339
15 years$2,579$2,207$1,882$1,599$1,355$1,165
16 years$2,392$2,025$1,706$1,432$1,198$1,017
17 years$2,228$1,865$1,553$1,287$1,062$891
18 years$2,083$1,723$1,417$1,160$944$782
19 years$1,952$1,597$1,298$1,048$842$688
20 years$1,835$1,484$1,191$949$752$607
21 years$1,730$1,382$1,095$861$673$536
22 years$1,633$1,290$1,010$783$603$474
23 years$1,546$1,207$932$713$541$420
24 years$1,466$1,131$862$650$487$372
25 years$1,392$1,061$798$594$438$331
26 years$1,324$997$741$543$394$294
27 years$1,262$939$688$497$356$261
28 years$1,204$884$639$456$321$232
29 years$1,150$834$595$418$290$207
30 years$1,099$788$554$383$262$184
31 years$1,052$745$517$352$237$164
32 years$1,008$705$482$324$214$146
33 years$967$668$450$298$194$130
34 years$928$633$420$274$175$116
35 years$892$600$393$252$159$104
36 years$858$570$368$232$144$93
37 years$825$541$344$214$130$83
38 years$795$514$322$197$118$74
39 years$766$489$302$182$107$66
40 years$738$465$283$168$97$59
41 years$712$443$265$155$88$53
42 years$687$422$249$143$80$47
43 years$664$402$234$132$73$42
44 years$642$383$219$122$66$38
45 years$620$365$206$112$60$34
46 years$600$348$193$104$54$30
47 years$581$332$182$96$49$27
48 years$562$317$171$89$45$24
49 years$544$303$160$82$41$21
50 years$527$289$151$76$37$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $540,000, adding $3,464 every year, while hoping to spend $58,951 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: 35/37/28 Blend
47$540,000$540,000$540,000$540,000
48$598,653$570,033$561,663$614,456
49$596,992$535,241$517,755$591,796
50$593,186$496,769$470,401$561,817
51$586,954$454,373$419,422$528,335
52$577,984$407,798$364,633$491,076
53$565,931$356,773$305,841$449,746
54$550,411$301,010$242,842$404,028
55$531,001$240,207$175,425$353,579
56$507,231$174,046$103,370$298,031
57$478,582$102,187$26,447$236,986
58$444,479$24,276$0$170,013
59$404,285$0$0$113,275
60$357,297$0$0$83,613
61$302,738$0$0$60,862
62$239,746$0$0$34,805
63$167,373$0$0$5,074
64$84,567$0$0$0
65$0$0$0$0
66$0$0$0$0
67$0$0$0$0
68$0$0$0$0
69$0$0$0$0
70$0$0$0$0
71$0$0$0$0
72$0$0$0$0
73$0$0$0$0
74$0$0$0$0
75$0$0$0$0
76$0$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0