Can I retire at age 48 with 580,000?

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 $580,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$47,896$47,469$47,053$46,647$46,250$45,578
2 years$23,711$23,269$22,841$22,426$22,024$21,348
3 years$15,650$15,207$14,780$14,369$13,973$13,314
4 years$11,621$11,179$10,756$10,352$9,966$9,329
5 years$9,204$8,764$8,347$7,951$7,576$6,964
6 years$7,593$7,157$6,746$6,359$5,994$5,408
7 years$6,443$6,010$5,606$5,228$4,875$4,314
8 years$5,580$5,152$4,754$4,385$4,044$3,508
9 years$4,910$4,486$4,095$3,735$3,406$2,894
10 years$4,374$3,954$3,570$3,220$2,902$2,415
11 years$3,936$3,520$3,143$2,802$2,496$2,033
12 years$3,571$3,159$2,789$2,458$2,163$1,723
13 years$3,263$2,855$2,492$2,170$1,886$1,469
14 years$2,998$2,595$2,239$1,926$1,653$1,259
15 years$2,770$2,371$2,022$1,718$1,456$1,083
16 years$2,570$2,175$1,833$1,538$1,287$934
17 years$2,393$2,003$1,668$1,382$1,141$809
18 years$2,237$1,851$1,522$1,246$1,014$702
19 years$2,097$1,715$1,394$1,125$904$610
20 years$1,971$1,594$1,279$1,019$808$531
21 years$1,858$1,485$1,177$925$723$463
22 years$1,754$1,386$1,084$841$648$404
23 years$1,660$1,296$1,001$766$581$354
24 years$1,574$1,215$926$699$523$309
25 years$1,495$1,140$858$638$470$271
26 years$1,422$1,071$795$583$424$237
27 years$1,355$1,008$739$534$382$208
28 years$1,293$950$687$489$345$183
29 years$1,235$896$639$449$311$160
30 years$1,181$846$595$412$281$141
31 years$1,130$800$555$378$254$124
32 years$1,083$757$518$348$230$109
33 years$1,039$717$483$320$208$96
34 years$997$680$452$294$188$84
35 years$958$645$422$271$171$74
36 years$921$612$395$249$155$65
37 years$886$581$370$230$140$57
38 years$854$552$346$212$127$50
39 years$822$525$324$195$115$44
40 years$793$500$304$180$104$39
41 years$765$476$285$166$95$34
42 years$738$453$267$153$86$30
43 years$713$431$251$142$78$27
44 years$689$411$236$131$71$23
45 years$666$392$221$121$64$21
46 years$644$374$208$111$58$18
47 years$624$357$195$103$53$16
48 years$604$341$183$95$48$14
49 years$585$326$172$88$44$12
50 years$566$311$162$81$40$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $580,000, adding $4,092 every year, while hoping to spend $28,132 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$580,000$580,000$580,000$580,000
48$643,381$612,641$603,651$684,409
49$679,074$612,728$593,941$712,309
50$717,464$611,877$582,963$739,065
51$758,798$610,011$570,644$767,573
52$803,344$607,051$556,910$798,001
53$851,400$602,910$541,681$830,536
54$903,289$597,500$524,874$865,382
55$959,371$590,723$506,404$902,767
56$1,020,037$582,479$486,178$942,941
57$1,085,719$572,659$464,104$986,182
58$1,156,893$561,150$440,082$1,032,795
59$1,234,080$547,830$414,008$1,083,119
60$1,317,854$532,572$385,776$1,137,529
61$1,408,847$515,240$355,271$1,196,437
62$1,507,754$495,691$322,377$1,260,300
63$1,615,337$473,773$286,970$1,329,623
64$1,732,439$449,325$248,920$1,404,963
65$1,859,984$422,178$208,095$1,486,936
66$1,998,990$392,152$164,354$1,576,223
67$2,150,577$359,057$117,550$1,673,574
68$2,315,978$322,693$67,530$1,779,821
69$2,496,550$282,848$14,135$1,895,879
70$2,693,787$239,297$0$2,022,761
71$2,909,335$191,803$0$2,165,700
72$3,145,002$140,117$0$2,323,532
73$3,402,784$83,974$0$2,496,278
74$3,684,874$23,095$0$2,685,461
75$3,993,691$0$0$2,892,764
76$4,331,894$0$0$3,131,817
77$4,702,417$0$0$3,400,711
78$5,108,485$0$0$3,695,440
79$5,553,655$0$0$4,018,590
80$6,041,842$0$0$4,373,006
81$6,577,358$0$0$4,761,824
82$7,164,952$0$0$5,188,500
83$7,809,858$0$0$5,656,837
84$8,517,837$0$0$6,171,027
85$9,295,239$0$0$6,735,685
86$10,149,055$0$0$7,355,898
87$11,086,991$0$0$8,037,267
88$12,117,532$0$0$8,785,965
89$13,250,028$0$0$9,608,790
90$14,494,778$0$0$10,513,233
91$15,863,131$0$0$11,507,546
92$17,367,586$0$0$12,600,821
93$19,021,919$0$0$13,803,074
94$20,841,302$0$0$15,125,342
95$22,842,456$0$0$16,579,783
96$25,043,800$0$0$18,179,794
97$27,465,632$0$0$19,940,136
98$30,130,312$0$0$21,877,072
99$33,062,480$0$0$24,008,521
100$36,289,284$0$0$26,354,228