Can I retire at age 48 with 560,000?

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 $560,000?

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%
1 years$46,244$45,832$45,430$45,038$44,655$44,448
2 years$22,893$22,467$22,054$21,653$21,264$21,056
3 years$15,111$14,682$14,270$13,873$13,491$13,287
4 years$11,220$10,793$10,385$9,995$9,622$9,424
5 years$8,886$8,462$8,059$7,677$7,314$7,123
6 years$7,331$6,910$6,513$6,139$5,788$5,603
7 years$6,220$5,803$5,412$5,048$4,707$4,529
8 years$5,388$4,974$4,590$4,234$3,905$3,734
9 years$4,741$4,331$3,953$3,607$3,288$3,125
10 years$4,223$3,817$3,447$3,109$2,802$2,645
11 years$3,800$3,398$3,034$2,706$2,410$2,260
12 years$3,448$3,050$2,693$2,373$2,088$1,945
13 years$3,150$2,757$2,406$2,095$1,821$1,684
14 years$2,895$2,506$2,162$1,860$1,596$1,466
15 years$2,674$2,289$1,952$1,659$1,405$1,282
16 years$2,481$2,100$1,770$1,485$1,242$1,124
17 years$2,311$1,934$1,610$1,334$1,101$990
18 years$2,160$1,787$1,470$1,203$979$873
19 years$2,025$1,656$1,346$1,087$873$772
20 years$1,903$1,539$1,235$984$780$684
21 years$1,794$1,434$1,136$893$698$608
22 years$1,694$1,338$1,047$812$625$540
23 years$1,603$1,252$967$740$561$481
24 years$1,520$1,173$894$675$505$429
25 years$1,444$1,101$828$616$454$383
26 years$1,373$1,034$768$563$409$342
27 years$1,308$973$713$516$369$305
28 years$1,248$917$663$472$333$273
29 years$1,192$865$617$433$300$245
30 years$1,140$817$575$398$271$219
31 years$1,091$773$536$365$245$196
32 years$1,046$731$500$336$222$176
33 years$1,003$692$467$309$201$158
34 years$963$656$436$284$182$142
35 years$925$622$408$261$165$127
36 years$889$591$381$241$149$114
37 years$856$561$357$222$135$102
38 years$824$533$334$204$123$92
39 years$794$507$313$188$111$83
40 years$766$482$294$174$101$74
41 years$739$459$275$160$92$67
42 years$713$437$258$148$83$60
43 years$689$417$242$137$75$54
44 years$665$397$227$126$68$49
45 years$643$379$214$117$62$44
46 years$622$361$201$108$56$39
47 years$602$345$188$99$51$35
48 years$583$329$177$92$47$32
49 years$564$314$166$85$42$29
50 years$547$300$156$78$38$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $560,000, adding $2,191 every year, while hoping to spend $20,254 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: 43/42/15 Blend
47$560,000$560,000$560,000$560,000
48$619,380$589,700$581,020$643,225
49$661,007$597,045$578,934$667,517
50$706,200$604,072$576,099$691,636
51$755,304$610,742$572,470$717,329
52$808,693$617,017$567,996$744,749
53$866,784$622,854$562,627$774,067
54$930,031$628,209$556,311$805,471
55$998,936$633,034$548,989$839,168
56$1,074,052$637,277$540,605$875,389
57$1,155,987$640,885$531,097$914,389
58$1,245,409$643,800$520,400$956,449
59$1,343,055$645,960$508,447$1,001,880
60$1,449,734$647,300$495,168$1,051,028
61$1,566,341$647,751$480,490$1,104,272
62$1,693,856$647,240$464,335$1,162,035
63$1,833,362$645,687$446,623$1,224,782
64$1,986,050$643,010$427,269$1,293,028
65$2,153,231$639,122$406,187$1,367,342
66$2,336,349$633,927$383,283$1,448,353
67$2,536,995$627,329$358,461$1,536,756
68$2,756,921$619,220$331,622$1,633,319
69$2,998,056$609,490$302,660$1,738,891
70$3,262,524$598,022$271,466$1,854,411
71$3,552,666$584,689$237,924$1,980,914
72$3,871,059$569,361$201,916$2,119,546
73$4,220,543$551,895$163,316$2,271,570
74$4,604,245$532,145$121,994$2,438,383
75$5,025,611$509,953$77,814$2,621,528
76$5,488,436$485,154$30,634$2,822,707
77$5,996,901$457,571$0$3,043,802
78$6,555,612$427,019$0$3,290,046
79$7,169,642$393,300$0$3,566,012
80$7,844,583$356,209$0$3,869,350
81$8,586,592$315,525$0$4,202,882
82$9,402,454$271,015$0$4,569,720
83$10,299,645$222,436$0$4,973,298
84$11,286,402$169,528$0$5,417,405
85$12,371,797$112,017$0$5,906,221
86$13,565,829$49,615$0$6,444,355
87$14,879,515$0$0$7,036,892
88$16,324,990$0$0$7,697,754
89$17,915,628$0$0$8,450,297
90$19,666,165$0$0$9,278,571
91$21,592,835$0$0$10,190,269
92$23,713,528$0$0$11,193,867
93$26,047,955$0$0$12,298,703
94$28,617,838$0$0$13,515,070
95$31,447,107$0$0$14,854,305
96$34,562,135$0$0$16,328,905
97$37,991,980$0$0$17,952,637
98$41,768,660$0$0$19,740,672
99$45,927,460$0$0$21,709,728
100$50,507,256$0$0$23,878,227