Can I retire at age 48 with 580,000?

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 $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%17.4%
1 years$47,896$47,469$47,053$46,647$46,250$44,859
2 years$23,711$23,269$22,841$22,426$22,024$20,634
3 years$15,650$15,207$14,780$14,369$13,973$12,628
4 years$11,621$11,179$10,756$10,352$9,966$8,676
5 years$9,204$8,764$8,347$7,951$7,576$6,345
6 years$7,593$7,157$6,746$6,359$5,994$4,823
7 years$6,443$6,010$5,606$5,228$4,875$3,764
8 years$5,580$5,152$4,754$4,385$4,044$2,992
9 years$4,910$4,486$4,095$3,735$3,406$2,412
10 years$4,374$3,954$3,570$3,220$2,902$1,964
11 years$3,936$3,520$3,143$2,802$2,496$1,613
12 years$3,571$3,159$2,789$2,458$2,163$1,333
13 years$3,263$2,855$2,492$2,170$1,886$1,107
14 years$2,998$2,595$2,239$1,926$1,653$924
15 years$2,770$2,371$2,022$1,718$1,456$773
16 years$2,570$2,175$1,833$1,538$1,287$649
17 years$2,393$2,003$1,668$1,382$1,141$546
18 years$2,237$1,851$1,522$1,246$1,014$461
19 years$2,097$1,715$1,394$1,125$904$389
20 years$1,971$1,594$1,279$1,019$808$329
21 years$1,858$1,485$1,177$925$723$278
22 years$1,754$1,386$1,084$841$648$236
23 years$1,660$1,296$1,001$766$581$200
24 years$1,574$1,215$926$699$523$170
25 years$1,495$1,140$858$638$470$144
26 years$1,422$1,071$795$583$424$122
27 years$1,355$1,008$739$534$382$104
28 years$1,293$950$687$489$345$88
29 years$1,235$896$639$449$311$75
30 years$1,181$846$595$412$281$64
31 years$1,130$800$555$378$254$54
32 years$1,083$757$518$348$230$46
33 years$1,039$717$483$320$208$39
34 years$997$680$452$294$188$34
35 years$958$645$422$271$171$29
36 years$921$612$395$249$155$24
37 years$886$581$370$230$140$21
38 years$854$552$346$212$127$18
39 years$822$525$324$195$115$15
40 years$793$500$304$180$104$13
41 years$765$476$285$166$95$11
42 years$738$453$267$153$86$9
43 years$713$431$251$142$78$8
44 years$689$411$236$131$71$7
45 years$666$392$221$121$64$6
46 years$644$374$208$111$58$5
47 years$624$357$195$103$53$4
48 years$604$341$183$95$48$4
49 years$585$326$172$88$44$3
50 years$566$311$162$81$40$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $580,000, adding $6,412 every year, while hoping to spend $29,021 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: 69/24/7 Blend
47$580,000$580,000$580,000$580,000
48$645,774$615,034$606,044$689,160
49$680,765$614,293$595,468$717,982
50$718,352$612,542$583,566$745,343
51$758,770$609,703$570,261$774,483
52$802,275$605,689$555,476$805,571
53$849,151$600,411$539,128$838,793
54$899,707$593,774$521,131$874,355
55$954,283$585,675$501,395$912,483
56$1,013,255$576,008$479,827$953,429
57$1,077,034$564,659$456,328$997,470
58$1,146,071$551,507$430,795$1,044,912
59$1,220,865$536,425$403,120$1,096,093
60$1,301,961$519,278$373,193$1,151,386
61$1,389,960$499,922$340,894$1,211,205
62$1,485,524$478,207$306,103$1,276,006
63$1,589,381$453,972$268,690$1,346,291
64$1,702,329$427,048$228,522$1,422,617
65$1,825,249$397,255$185,460$1,505,598
66$1,959,109$364,406$139,358$1,595,912
67$2,104,975$328,298$90,063$1,694,308
68$2,264,019$288,722$37,417$1,801,613
69$2,437,533$245,453$0$1,918,741
70$2,626,936$198,255$0$2,048,102
71$2,833,793$146,879$0$2,192,480
72$3,059,825$91,062$0$2,350,321
73$3,306,928$30,524$0$2,522,996
74$3,577,187$0$0$2,712,017
75$3,872,901$0$0$2,928,304
76$4,196,599$0$0$3,173,916
77$4,551,067$0$0$3,442,908
78$4,939,373$0$0$3,737,612
79$5,364,895$0$0$4,060,598
80$5,831,354$0$0$4,414,693
81$6,342,848$0$0$4,803,014
82$6,903,891$0$0$5,228,990
83$7,519,453$0$0$5,696,403
84$8,195,010$0$0$6,209,414
85$8,936,594$0$0$6,772,609
86$9,750,849$0$0$7,391,041
87$10,645,094$0$0$8,070,273
88$11,627,391$0$0$8,816,434
89$12,706,622$0$0$9,636,279
90$13,892,572$0$0$10,537,245
91$15,196,019$0$0$11,527,529
92$16,628,840$0$0$12,616,160
93$18,204,117$0$0$13,813,085
94$19,936,266$0$0$15,129,264
95$21,841,167$0$0$16,576,772
96$23,936,317$0$0$18,168,911
97$26,240,993$0$0$19,920,340
98$28,776,437$0$0$21,847,208
99$31,566,050$0$0$23,967,308
100$34,635,617$0$0$26,300,247