Can I retire at age 48 with 550,000?

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 $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%11.4%
1 years$45,418$45,014$44,619$44,234$43,858$43,600
2 years$22,484$22,066$21,660$21,266$20,885$20,624
3 years$14,841$14,420$14,015$13,626$13,250$12,995
4 years$11,020$10,600$10,200$9,816$9,450$9,203
5 years$8,728$8,311$7,915$7,540$7,184$6,945
6 years$7,200$6,786$6,397$6,030$5,684$5,455
7 years$6,109$5,699$5,316$4,957$4,623$4,402
8 years$5,292$4,885$4,508$4,159$3,835$3,623
9 years$4,656$4,254$3,883$3,542$3,230$3,027
10 years$4,148$3,749$3,385$3,053$2,752$2,558
11 years$3,732$3,338$2,980$2,657$2,367$2,181
12 years$3,386$2,996$2,645$2,331$2,051$1,874
13 years$3,094$2,707$2,363$2,058$1,788$1,619
14 years$2,843$2,461$2,123$1,827$1,568$1,407
15 years$2,626$2,248$1,917$1,629$1,380$1,227
16 years$2,437$2,063$1,738$1,459$1,220$1,075
17 years$2,270$1,900$1,582$1,311$1,082$944
18 years$2,121$1,755$1,444$1,181$962$831
19 years$1,989$1,627$1,322$1,067$857$733
20 years$1,869$1,512$1,213$967$766$649
21 years$1,762$1,408$1,116$877$685$575
22 years$1,664$1,314$1,028$798$614$510
23 years$1,575$1,229$949$726$551$453
24 years$1,493$1,152$878$663$496$403
25 years$1,418$1,081$813$605$446$359
26 years$1,349$1,016$754$553$402$319
27 years$1,285$956$700$506$362$285
28 years$1,226$901$651$464$327$254
29 years$1,171$850$606$425$295$227
30 years$1,120$803$564$390$267$203
31 years$1,072$759$526$359$241$181
32 years$1,027$718$491$330$218$162
33 years$985$680$458$303$197$145
34 years$946$644$428$279$179$130
35 years$908$611$400$257$162$116
36 years$874$580$375$236$147$104
37 years$841$551$351$218$133$93
38 years$809$524$328$201$120$84
39 years$780$498$308$185$109$75
40 years$752$474$288$171$99$67
41 years$725$451$270$158$90$60
42 years$700$429$254$145$82$54
43 years$676$409$238$134$74$48
44 years$653$390$223$124$67$43
45 years$632$372$210$114$61$39
46 years$611$355$197$106$55$35
47 years$591$339$185$98$50$31
48 years$572$323$174$90$46$28
49 years$554$309$163$83$41$25
50 years$537$295$154$77$38$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $550,000, adding $5,949 every year, while hoping to spend $28,165 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: 66/25/9 Blend
47$550,000$550,000$550,000$550,000
48$612,236$583,086$574,561$651,142
49$644,717$581,690$563,842$676,385
50$679,567$579,282$551,819$700,060
51$716,998$575,782$538,420$725,200
52$757,242$571,105$523,568$751,946
53$800,555$565,164$507,182$780,452
54$847,218$557,863$489,178$810,889
55$897,538$549,102$469,470$843,448
56$951,853$538,775$447,963$878,338
57$1,010,536$526,768$424,564$915,791
58$1,073,995$512,964$399,171$956,063
59$1,142,678$497,235$371,679$999,439
60$1,217,080$479,449$341,979$1,046,233
61$1,297,744$459,463$309,956$1,096,790
62$1,385,265$437,128$275,491$1,151,496
63$1,480,301$412,286$238,459$1,210,775
64$1,583,573$384,769$198,729$1,275,096
65$1,695,876$354,401$156,165$1,344,977
66$1,818,083$320,995$110,624$1,420,992
67$1,951,156$284,352$61,959$1,503,774
68$2,096,153$244,264$10,013$1,594,025
69$2,254,237$200,511$0$1,692,517
70$2,426,692$152,858$0$1,804,469
71$2,614,925$101,059$0$1,927,772
72$2,820,492$44,855$0$2,062,525
73$3,045,099$0$0$2,209,900
74$3,290,630$0$0$2,375,597
75$3,559,154$0$0$2,570,342
76$3,852,954$0$0$2,783,452
77$4,174,541$0$0$3,016,754
78$4,526,680$0$0$3,272,258
79$4,912,417$0$0$3,552,180
80$5,335,106$0$0$3,858,957
81$5,798,439$0$0$4,195,276
82$6,306,487$0$0$4,564,094
83$6,863,728$0$0$4,968,670
84$7,475,098$0$0$5,412,593
85$8,146,033$0$0$5,899,815
86$8,882,520$0$0$6,434,691
87$9,691,155$0$0$7,022,016
88$10,579,203$0$0$7,667,075
89$11,554,668$0$0$8,375,688
90$12,626,366$0$0$9,154,265
91$13,804,011$0$0$10,009,872
92$15,098,304$0$0$10,950,290
93$16,521,031$0$0$11,984,091
94$18,085,183$0$0$13,120,722
95$19,805,066$0$0$14,370,589
96$21,696,446$0$0$15,745,155
97$23,776,692$0$0$17,257,054
98$26,064,940$0$0$18,920,202
99$28,582,274$0$0$20,749,933
100$31,351,926$0$0$22,763,142