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%11.8%
1 years$49,547$49,106$48,676$48,255$47,845$47,484
2 years$24,528$24,072$23,629$23,200$22,783$22,419
3 years$16,190$15,731$15,289$14,864$14,455$14,099
4 years$12,021$11,564$11,127$10,709$10,309$9,964
5 years$9,521$9,066$8,635$8,225$7,837$7,504
6 years$7,855$7,403$6,978$6,578$6,201$5,881
7 years$6,665$6,217$5,799$5,408$5,043$4,736
8 years$5,773$5,329$4,918$4,537$4,184$3,889
9 years$5,079$4,640$4,236$3,864$3,523$3,241
10 years$4,525$4,090$3,693$3,331$3,002$2,732
11 years$4,072$3,641$3,251$2,899$2,582$2,324
12 years$3,694$3,268$2,885$2,543$2,237$1,992
13 years$3,375$2,953$2,578$2,245$1,951$1,717
14 years$3,102$2,685$2,316$1,993$1,710$1,488
15 years$2,865$2,452$2,091$1,777$1,506$1,294
16 years$2,658$2,250$1,896$1,591$1,331$1,130
17 years$2,476$2,072$1,725$1,430$1,180$990
18 years$2,314$1,915$1,575$1,289$1,049$869
19 years$2,169$1,775$1,442$1,164$935$765
20 years$2,039$1,649$1,323$1,054$835$674
21 years$1,922$1,536$1,217$957$748$596
22 years$1,815$1,434$1,122$870$670$527
23 years$1,718$1,341$1,036$792$601$467
24 years$1,629$1,256$958$723$541$414
25 years$1,547$1,179$887$660$486$367
26 years$1,472$1,108$823$604$438$326
27 years$1,402$1,043$764$552$395$290
28 years$1,337$983$710$506$356$258
29 years$1,277$927$661$464$322$230
30 years$1,221$876$616$426$291$205
31 years$1,169$828$574$391$263$182
32 years$1,120$783$536$360$238$162
33 years$1,075$742$500$331$215$145
34 years$1,032$703$467$304$195$129
35 years$991$667$437$280$177$115
36 years$953$633$409$258$160$103
37 years$917$601$382$238$145$92
38 years$883$571$358$219$131$82
39 years$851$543$336$202$119$73
40 years$820$517$315$186$108$65
41 years$791$492$295$172$98$58
42 years$764$468$277$159$89$52
43 years$738$446$260$146$81$47
44 years$713$425$244$135$73$42
45 years$689$406$229$125$67$37
46 years$667$387$215$115$60$33
47 years$645$369$202$107$55$30
48 years$624$353$190$98$50$27
49 years$605$337$178$91$45$24
50 years$586$322$168$84$41$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $600,000, adding $3,164 every year, while hoping to spend $28,096 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: 33/44/23 Blend
47$600,000$600,000$600,000$600,000
48$664,464$632,664$623,364$681,622
49$702,345$633,770$614,352$695,854
50$743,149$633,989$604,098$708,415
51$787,143$633,248$592,528$721,383
52$834,623$631,468$579,569$734,810
53$885,912$628,568$565,142$748,759
54$941,367$624,459$549,166$763,299
55$1,001,378$619,050$531,555$778,509
56$1,066,376$612,241$512,220$794,479
57$1,136,835$603,929$491,067$811,311
58$1,213,273$594,002$467,999$829,119
59$1,296,263$582,345$442,913$848,034
60$1,386,433$568,832$415,703$868,201
61$1,484,477$553,332$386,256$889,785
62$1,591,155$535,707$354,457$912,972
63$1,707,305$515,808$320,184$937,968
64$1,833,849$493,481$283,308$965,008
65$1,971,800$468,561$243,698$994,352
66$2,122,276$440,873$201,214$1,026,293
67$2,286,505$410,232$155,712$1,061,158
68$2,465,840$376,445$107,039$1,099,314
69$2,661,769$339,304$55,039$1,141,169
70$2,875,933$298,593$0$1,187,180
71$3,110,134$254,081$0$1,237,968
72$3,366,362$205,524$0$1,308,410
73$3,646,802$152,667$0$1,385,663
74$3,953,866$95,237$0$1,470,476
75$4,290,205$32,949$0$1,563,682
76$4,658,742$0$0$1,666,203
77$5,062,694$0$0$1,795,767
78$5,505,605$0$0$1,955,408
79$5,991,379$0$0$2,130,591
80$6,524,313$0$0$2,322,879
81$7,109,145$0$0$2,533,991
82$7,751,088$0$0$2,765,824
83$8,455,889$0$0$3,020,464
84$9,229,877$0$0$3,300,213
85$10,080,024$0$0$3,607,603
86$11,014,009$0$0$3,945,426
87$12,040,294$0$0$4,316,757
88$13,168,201$0$0$4,724,984
89$14,407,997$0$0$5,173,840
90$15,770,997$0$0$5,667,437
91$17,269,665$0$0$6,210,305
92$18,917,732$0$0$6,807,437
93$20,730,329$0$0$7,464,332
94$22,724,125$0$0$8,187,051
95$24,917,487$0$0$8,982,269
96$27,330,649$0$0$9,857,344
97$29,985,909$0$0$10,820,382
98$32,907,832$0$0$11,880,313
99$36,123,488$0$0$13,046,980
100$39,662,701$0$0$14,331,225