Can I retire at age 48 with 600,000?

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 $600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$49,547$49,106$48,676$48,255$47,845$46,518
2 years$24,528$24,072$23,629$23,200$22,783$21,457
3 years$16,190$15,731$15,289$14,864$14,455$13,170
4 years$12,021$11,564$11,127$10,709$10,309$9,076
5 years$9,521$9,066$8,635$8,225$7,837$6,658
6 years$7,855$7,403$6,978$6,578$6,201$5,078
7 years$6,665$6,217$5,799$5,408$5,043$3,976
8 years$5,773$5,329$4,918$4,537$4,184$3,172
9 years$5,079$4,640$4,236$3,864$3,523$2,566
10 years$4,525$4,090$3,693$3,331$3,002$2,098
11 years$4,072$3,641$3,251$2,899$2,582$1,729
12 years$3,694$3,268$2,885$2,543$2,237$1,435
13 years$3,375$2,953$2,578$2,245$1,951$1,197
14 years$3,102$2,685$2,316$1,993$1,710$1,003
15 years$2,865$2,452$2,091$1,777$1,506$843
16 years$2,658$2,250$1,896$1,591$1,331$711
17 years$2,476$2,072$1,725$1,430$1,180$601
18 years$2,314$1,915$1,575$1,289$1,049$509
19 years$2,169$1,775$1,442$1,164$935$431
20 years$2,039$1,649$1,323$1,054$835$366
21 years$1,922$1,536$1,217$957$748$312
22 years$1,815$1,434$1,122$870$670$265
23 years$1,718$1,341$1,036$792$601$226
24 years$1,629$1,256$958$723$541$193
25 years$1,547$1,179$887$660$486$164
26 years$1,472$1,108$823$604$438$140
27 years$1,402$1,043$764$552$395$120
28 years$1,337$983$710$506$356$102
29 years$1,277$927$661$464$322$87
30 years$1,221$876$616$426$291$75
31 years$1,169$828$574$391$263$64
32 years$1,120$783$536$360$238$55
33 years$1,075$742$500$331$215$47
34 years$1,032$703$467$304$195$40
35 years$991$667$437$280$177$34
36 years$953$633$409$258$160$29
37 years$917$601$382$238$145$25
38 years$883$571$358$219$131$21
39 years$851$543$336$202$119$18
40 years$820$517$315$186$108$16
41 years$791$492$295$172$98$13
42 years$764$468$277$159$89$12
43 years$738$446$260$146$81$10
44 years$713$425$244$135$73$8
45 years$689$406$229$125$67$7
46 years$667$387$215$115$60$6
47 years$645$369$202$107$55$5
48 years$624$353$190$98$50$5
49 years$605$337$178$91$45$4
50 years$586$322$168$84$41$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $600,000, adding $5,118 every year, while hoping to spend $45,041 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: 48/42/10 Blend
47$600,000$600,000$600,000$600,000
48$666,479$634,679$625,379$696,416
49$686,537$617,855$598,406$700,704
50$707,131$598,697$569,020$700,229
51$728,268$577,043$537,092$698,684
52$749,955$552,722$502,488$695,981
53$772,198$525,553$465,069$692,029
54$795,000$495,343$424,687$686,732
55$818,365$461,890$381,189$679,985
56$842,295$424,980$334,416$671,680
57$866,791$384,385$284,200$661,699
58$891,850$339,866$230,367$649,918
59$917,470$291,171$172,736$636,205
60$943,644$238,031$111,115$620,419
61$970,365$180,164$45,306$602,411
62$997,622$117,271$0$582,024
63$1,025,399$49,037$0$561,746
64$1,053,679$0$0$544,072
65$1,082,440$0$0$535,490
66$1,111,655$0$0$549,775
67$1,141,292$0$0$564,247
68$1,171,314$0$0$578,885
69$1,201,677$0$0$593,664
70$1,232,330$0$0$608,556
71$1,263,214$0$0$623,529
72$1,294,262$0$0$638,545
73$1,325,396$0$0$653,563
74$1,356,528$0$0$668,533
75$1,387,558$0$0$683,403
76$1,418,371$0$0$698,109
77$1,448,840$0$0$712,583
78$1,478,819$0$0$726,747
79$1,508,146$0$0$740,511
80$1,536,636$0$0$753,778
81$1,564,084$0$0$766,437
82$1,590,258$0$0$778,364
83$1,614,902$0$0$789,421
84$1,637,726$0$0$799,453
85$1,658,409$0$0$808,288
86$1,676,590$0$0$815,734
87$1,691,871$0$0$821,576
88$1,703,804$0$0$825,578
89$1,711,895$0$0$827,474
90$1,715,591$0$0$826,970
91$1,714,281$0$0$823,741
92$1,707,283$0$0$817,424
93$1,693,843$0$0$807,616
94$1,673,124$0$0$793,873
95$1,644,196$0$0$775,701
96$1,606,031$0$0$752,551
97$1,557,487$0$0$723,819
98$1,497,303$0$0$688,833
99$1,424,080$0$0$646,851
100$1,336,271$0$0$597,051