Can I retire at age 48 with 570,000?

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 $570,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$47,070$46,651$46,242$45,842$45,453$44,068
2 years$23,302$22,868$22,447$22,040$21,644$20,261
3 years$15,380$14,945$14,525$14,121$13,732$12,394
4 years$11,420$10,986$10,570$10,173$9,794$8,511
5 years$9,045$8,613$8,203$7,814$7,445$6,221
6 years$7,462$7,033$6,629$6,249$5,891$4,726
7 years$6,331$5,906$5,509$5,138$4,791$3,686
8 years$5,484$5,063$4,672$4,310$3,975$2,929
9 years$4,825$4,408$4,024$3,671$3,347$2,359
10 years$4,299$3,886$3,508$3,164$2,852$1,920
11 years$3,868$3,459$3,089$2,754$2,453$1,576
12 years$3,510$3,105$2,741$2,416$2,126$1,301
13 years$3,206$2,806$2,449$2,133$1,853$1,080
14 years$2,947$2,550$2,200$1,893$1,625$901
15 years$2,722$2,330$1,987$1,688$1,431$753
16 years$2,525$2,138$1,801$1,512$1,264$632
17 years$2,352$1,969$1,639$1,358$1,121$531
18 years$2,198$1,819$1,496$1,224$997$448
19 years$2,061$1,686$1,370$1,106$888$378
20 years$1,937$1,567$1,257$1,002$794$319
21 years$1,826$1,459$1,156$909$710$270
22 years$1,724$1,362$1,066$827$637$229
23 years$1,632$1,274$984$753$571$194
24 years$1,547$1,194$910$687$514$164
25 years$1,470$1,120$843$627$462$139
26 years$1,398$1,053$782$573$416$118
27 years$1,332$991$726$525$375$100
28 years$1,270$934$675$481$339$85
29 years$1,213$881$628$441$306$72
30 years$1,160$832$585$405$276$62
31 years$1,111$786$545$372$250$52
32 years$1,064$744$509$342$226$45
33 years$1,021$705$475$314$205$38
34 years$980$668$444$289$185$32
35 years$942$633$415$266$168$27
36 years$905$601$388$245$152$23
37 years$871$571$363$226$138$20
38 years$839$543$340$208$125$17
39 years$808$516$319$192$113$14
40 years$779$491$299$177$103$12
41 years$752$467$280$163$93$10
42 years$726$445$263$151$85$9
43 years$701$424$247$139$77$8
44 years$677$404$231$128$70$6
45 years$655$385$217$119$63$5
46 years$633$368$204$110$57$5
47 years$613$351$192$101$52$4
48 years$593$335$180$94$47$3
49 years$574$320$169$86$43$3
50 years$557$306$159$80$39$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $570,000, adding $3,143 every year, while hoping to spend $33,056 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: 74/12/14 Blend
47$570,000$570,000$570,000$570,000
48$631,382$601,172$592,337$675,981
49$660,612$595,458$577,009$700,186
50$691,715$588,356$560,060$722,299
51$724,848$579,764$541,400$745,635
52$760,181$569,571$520,936$770,306
53$797,903$557,664$498,570$796,437
54$838,218$543,918$474,201$824,165
55$881,352$528,205$447,722$853,642
56$927,551$510,388$419,022$885,035
57$977,085$490,322$387,983$918,531
58$1,030,252$467,852$354,485$954,335
59$1,087,378$442,816$318,400$992,673
60$1,148,819$415,043$279,596$1,033,796
61$1,214,969$384,351$237,933$1,077,983
62$1,286,259$350,548$193,267$1,125,539
63$1,363,163$313,430$145,447$1,176,804
64$1,446,201$272,783$94,314$1,232,151
65$1,535,944$228,380$39,704$1,291,996
66$1,633,021$179,982$0$1,356,795
67$1,738,123$127,335$0$1,429,829
68$1,852,010$70,172$0$1,515,392
69$1,975,516$8,211$0$1,608,192
70$2,109,559$0$0$1,708,940
71$2,255,149$0$0$1,826,189
72$2,413,398$0$0$1,954,834
73$2,585,528$0$0$2,094,785
74$2,772,882$0$0$2,247,138
75$2,976,941$0$0$2,413,100
76$3,199,332$0$0$2,593,998
77$3,441,848$0$0$2,791,293
78$3,706,460$0$0$3,006,591
79$3,995,340$0$0$3,241,664
80$4,310,876$0$0$3,498,459
81$4,655,699$0$0$3,779,121
82$5,032,704$0$0$4,086,010
83$5,445,082$0$0$4,421,726
84$5,896,341$0$0$4,789,133
85$6,390,349$0$0$5,191,381
86$6,931,362$0$0$5,631,942
87$7,524,068$0$0$6,114,638
88$8,173,630$0$0$6,643,678
89$8,885,733$0$0$7,223,699
90$9,666,641$0$0$7,859,806
91$10,523,249$0$0$8,557,624
92$11,463,156$0$0$9,323,348
93$12,494,729$0$0$10,163,799
94$13,627,187$0$0$11,086,495
95$14,870,681$0$0$12,099,715
96$16,236,398$0$0$13,212,579
97$17,736,659$0$0$14,435,133
98$19,385,037$0$0$15,778,447
99$21,196,486$0$0$17,254,712
100$23,187,479$0$0$18,877,363