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%17.9%
1 years$47,896$47,469$47,053$46,647$46,250$44,770
2 years$23,711$23,269$22,841$22,426$22,024$20,546
3 years$15,650$15,207$14,780$14,369$13,973$12,544
4 years$11,621$11,179$10,756$10,352$9,966$8,596
5 years$9,204$8,764$8,347$7,951$7,576$6,270
6 years$7,593$7,157$6,746$6,359$5,994$4,754
7 years$6,443$6,010$5,606$5,228$4,875$3,699
8 years$5,580$5,152$4,754$4,385$4,044$2,932
9 years$4,910$4,486$4,095$3,735$3,406$2,356
10 years$4,374$3,954$3,570$3,220$2,902$1,913
11 years$3,936$3,520$3,143$2,802$2,496$1,566
12 years$3,571$3,159$2,789$2,458$2,163$1,290
13 years$3,263$2,855$2,492$2,170$1,886$1,068
14 years$2,998$2,595$2,239$1,926$1,653$888
15 years$2,770$2,371$2,022$1,718$1,456$740
16 years$2,570$2,175$1,833$1,538$1,287$619
17 years$2,393$2,003$1,668$1,382$1,141$519
18 years$2,237$1,851$1,522$1,246$1,014$436
19 years$2,097$1,715$1,394$1,125$904$367
20 years$1,971$1,594$1,279$1,019$808$309
21 years$1,858$1,485$1,177$925$723$261
22 years$1,754$1,386$1,084$841$648$220
23 years$1,660$1,296$1,001$766$581$186
24 years$1,574$1,215$926$699$523$157
25 years$1,495$1,140$858$638$470$133
26 years$1,422$1,071$795$583$424$112
27 years$1,355$1,008$739$534$382$95
28 years$1,293$950$687$489$345$80
29 years$1,235$896$639$449$311$68
30 years$1,181$846$595$412$281$58
31 years$1,130$800$555$378$254$49
32 years$1,083$757$518$348$230$41
33 years$1,039$717$483$320$208$35
34 years$997$680$452$294$188$30
35 years$958$645$422$271$171$25
36 years$921$612$395$249$155$21
37 years$886$581$370$230$140$18
38 years$854$552$346$212$127$15
39 years$822$525$324$195$115$13
40 years$793$500$304$180$104$11
41 years$765$476$285$166$95$9
42 years$738$453$267$153$86$8
43 years$713$431$251$142$78$7
44 years$689$411$236$131$71$6
45 years$666$392$221$121$64$5
46 years$644$374$208$111$58$4
47 years$624$357$195$103$53$3
48 years$604$341$183$95$48$3
49 years$585$326$172$88$44$3
50 years$566$311$162$81$40$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $580,000, adding $3,261 every year, while hoping to spend $26,109 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: 47/23/30 Blend
47$580,000$580,000$580,000$580,000
48$642,524$611,784$602,794$667,057
49$680,281$613,981$595,208$686,948
50$721,015$615,412$586,492$705,750
51$765,001$616,009$576,582$725,666
52$812,543$615,705$565,409$746,816
53$863,973$614,426$552,901$769,334
54$919,659$612,093$538,984$793,367
55$980,003$608,624$523,579$819,079
56$1,045,448$603,932$506,603$846,653
57$1,116,481$597,921$487,972$876,292
58$1,193,638$590,495$467,595$908,223
59$1,277,508$581,549$445,378$942,696
60$1,368,739$570,970$421,224$979,990
61$1,468,046$558,643$395,030$1,020,414
62$1,576,212$544,442$366,689$1,064,312
63$1,694,101$528,235$336,089$1,112,064
64$1,822,664$509,884$303,112$1,164,094
65$1,962,948$489,239$267,638$1,220,869
66$2,116,102$466,146$229,538$1,282,909
67$2,283,396$440,439$188,679$1,350,790
68$2,466,225$411,943$144,922$1,425,148
69$2,666,125$380,473$98,122$1,506,690
70$2,884,788$345,834$48,127$1,596,198
71$3,124,075$307,819$0$1,694,539
72$3,386,039$266,210$0$1,804,343
73$3,672,937$220,777$0$1,941,547
74$3,987,257$171,275$0$2,091,959
75$4,331,738$117,448$0$2,256,935
76$4,709,395$59,023$0$2,437,971
77$5,123,552$0$0$2,636,718
78$5,577,867$0$0$2,856,082
79$6,076,372$0$0$3,113,241
80$6,623,506$0$0$3,395,554
81$7,224,158$0$0$3,705,552
82$7,883,716$0$0$4,046,026
83$8,608,114$0$0$4,420,046
84$9,403,888$0$0$4,830,999
85$10,278,241$0$0$5,282,612
86$11,239,105$0$0$5,778,994
87$12,295,220$0$0$6,324,669
88$13,456,216$0$0$6,924,624
89$14,732,700$0$0$7,584,353
90$16,136,359$0$0$8,309,906
91$17,680,071$0$0$9,107,951
92$19,378,023$0$0$9,985,836
93$21,245,845$0$0$10,951,655
94$23,300,759$0$0$12,014,327
95$25,561,742$0$0$13,183,677
96$28,049,701$0$0$14,470,533
97$30,787,672$0$0$15,886,826
98$33,801,039$0$0$17,445,700
99$37,117,769$0$0$19,161,639
100$40,768,680$0$0$21,050,603