Can I retire at age 48 with 550,000?

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 $550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$45,418$45,014$44,619$44,234$43,858$43,673
2 years$22,484$22,066$21,660$21,266$20,885$20,698
3 years$14,841$14,420$14,015$13,626$13,250$13,068
4 years$11,020$10,600$10,200$9,816$9,450$9,273
5 years$8,728$8,311$7,915$7,540$7,184$7,013
6 years$7,200$6,786$6,397$6,030$5,684$5,519
7 years$6,109$5,699$5,316$4,957$4,623$4,464
8 years$5,292$4,885$4,508$4,159$3,835$3,683
9 years$4,656$4,254$3,883$3,542$3,230$3,083
10 years$4,148$3,749$3,385$3,053$2,752$2,612
11 years$3,732$3,338$2,980$2,657$2,367$2,233
12 years$3,386$2,996$2,645$2,331$2,051$1,923
13 years$3,094$2,707$2,363$2,058$1,788$1,666
14 years$2,843$2,461$2,123$1,827$1,568$1,451
15 years$2,626$2,248$1,917$1,629$1,380$1,269
16 years$2,437$2,063$1,738$1,459$1,220$1,114
17 years$2,270$1,900$1,582$1,311$1,082$981
18 years$2,121$1,755$1,444$1,181$962$867
19 years$1,989$1,627$1,322$1,067$857$767
20 years$1,869$1,512$1,213$967$766$680
21 years$1,762$1,408$1,116$877$685$604
22 years$1,664$1,314$1,028$798$614$538
23 years$1,575$1,229$949$726$551$479
24 years$1,493$1,152$878$663$496$427
25 years$1,418$1,081$813$605$446$382
26 years$1,349$1,016$754$553$402$341
27 years$1,285$956$700$506$362$305
28 years$1,226$901$651$464$327$273
29 years$1,171$850$606$425$295$245
30 years$1,120$803$564$390$267$219
31 years$1,072$759$526$359$241$197
32 years$1,027$718$491$330$218$177
33 years$985$680$458$303$197$159
34 years$946$644$428$279$179$142
35 years$908$611$400$257$162$128
36 years$874$580$375$236$147$115
37 years$841$551$351$218$133$103
38 years$809$524$328$201$120$93
39 years$780$498$308$185$109$83
40 years$752$474$288$171$99$75
41 years$725$451$270$158$90$68
42 years$700$429$254$145$82$61
43 years$676$409$238$134$74$55
44 years$653$390$223$124$67$49
45 years$632$372$210$114$61$44
46 years$611$355$197$106$55$40
47 years$591$339$185$98$50$36
48 years$572$323$174$90$46$32
49 years$554$309$163$83$41$29
50 years$537$295$154$77$38$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $550,000, adding $4,146 every year, while hoping to spend $42,731 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: 65/8/27 Blend
47$550,000$550,000$550,000$550,000
48$610,377$581,227$572,702$645,460
49$627,170$564,241$546,422$652,673
50$644,243$544,991$517,829$655,422
51$661,581$523,321$486,802$657,482
52$679,164$499,065$453,211$658,788
53$696,968$472,049$416,923$659,272
54$714,967$442,087$377,798$658,862
55$733,129$408,986$335,690$657,476
56$751,419$372,536$290,446$655,030
57$769,795$332,522$241,907$651,431
58$788,210$288,711$189,907$646,580
59$806,610$240,861$134,272$640,370
60$824,934$188,713$74,819$632,684
61$843,112$131,995$11,361$623,397
62$861,067$70,420$0$612,375
63$878,710$3,684$0$615,707
64$895,941$0$0$621,548
65$912,650$0$0$632,545
66$928,711$0$0$643,382
67$943,983$0$0$653,633
68$958,310$0$0$663,186
69$971,517$0$0$671,913
70$983,408$0$0$679,675
71$993,765$0$0$686,315
72$1,002,345$0$0$691,657
73$1,008,877$0$0$695,507
74$1,013,061$0$0$697,648
75$1,014,562$0$0$697,841
76$1,013,008$0$0$695,818
77$1,007,987$0$0$691,283
78$999,041$0$0$683,906
79$985,662$0$0$673,324
80$967,287$0$0$659,132
81$943,292$0$0$640,882
82$912,985$0$0$618,077
83$875,602$0$0$590,169
84$830,295$0$0$556,549
85$776,127$0$0$516,545
86$712,059$0$0$469,412
87$636,944$0$0$414,328
88$549,513$0$0$350,381
89$448,364$0$0$276,566
90$331,946$0$0$191,771
91$198,546$0$0$94,767
92$46,270$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