Can I retire at age 48 with 610,000?

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 $610,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$50,373$49,925$49,487$49,059$48,642$47,010
2 years$24,937$24,473$24,023$23,586$23,163$21,535
3 years$16,460$15,993$15,544$15,112$14,696$13,122
4 years$12,222$11,757$11,312$10,887$10,481$8,975
5 years$9,680$9,217$8,779$8,363$7,967$6,532
6 years$7,985$7,527$7,095$6,688$6,304$4,941
7 years$6,776$6,321$5,896$5,498$5,127$3,836
8 years$5,869$5,418$5,000$4,612$4,253$3,033
9 years$5,164$4,718$4,306$3,929$3,582$2,432
10 years$4,600$4,158$3,754$3,387$3,052$1,969
11 years$4,140$3,702$3,305$2,947$2,625$1,608
12 years$3,756$3,323$2,933$2,585$2,275$1,321
13 years$3,431$3,003$2,621$2,282$1,984$1,091
14 years$3,153$2,729$2,355$2,026$1,739$904
15 years$2,913$2,493$2,126$1,807$1,531$752
16 years$2,703$2,288$1,928$1,618$1,353$627
17 years$2,517$2,107$1,754$1,454$1,200$524
18 years$2,353$1,947$1,601$1,310$1,067$439
19 years$2,205$1,804$1,466$1,184$951$368
20 years$2,073$1,677$1,345$1,072$849$309
21 years$1,954$1,562$1,237$973$760$260
22 years$1,845$1,458$1,140$885$681$219
23 years$1,746$1,363$1,053$806$612$184
24 years$1,656$1,277$974$735$550$155
25 years$1,573$1,199$902$671$495$131
26 years$1,496$1,127$837$614$446$110
27 years$1,425$1,060$777$562$402$93
28 years$1,360$999$722$515$362$79
29 years$1,299$943$672$472$327$66
30 years$1,242$890$626$433$296$56
31 years$1,189$841$584$398$267$47
32 years$1,139$796$544$366$242$40
33 years$1,092$754$508$336$219$34
34 years$1,049$715$475$309$198$28
35 years$1,008$678$444$285$179$24
36 years$969$643$415$262$163$20
37 years$932$611$389$242$147$17
38 years$898$581$364$223$134$15
39 years$865$552$341$205$121$12
40 years$834$525$320$189$110$10
41 years$805$500$300$175$100$9
42 years$777$476$281$161$90$7
43 years$750$454$264$149$82$6
44 years$725$433$248$137$75$5
45 years$701$412$233$127$68$4
46 years$678$394$218$117$61$4
47 years$656$376$205$108$56$3
48 years$635$358$193$100$51$3
49 years$615$342$181$93$46$2
50 years$596$327$170$86$42$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $610,000, adding $3,667 every year, while hoping to spend $27,988 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: 87/5/8 Blend
47$610,000$610,000$610,000$610,000
48$676,003$643,673$634,218$733,953
49$715,176$645,433$625,685$774,048
50$757,407$646,343$615,928$813,865
51$802,977$646,329$604,877$856,732
52$852,198$645,316$592,458$902,936
53$905,410$643,224$578,593$952,793
54$962,988$639,968$563,202$1,006,651
55$1,025,343$635,457$546,199$1,064,894
56$1,092,929$629,595$527,498$1,127,944
57$1,166,243$622,280$507,004$1,196,264
58$1,245,833$613,405$484,621$1,270,367
59$1,332,300$602,855$460,249$1,350,815
60$1,426,309$590,508$433,781$1,438,228
61$1,528,587$576,238$405,107$1,533,291
62$1,639,936$559,907$374,111$1,636,754
63$1,761,239$541,371$340,674$1,749,447
64$1,893,466$520,480$304,668$1,872,282
65$2,037,688$497,071$265,962$2,006,265
66$2,195,079$470,975$224,418$2,152,503
67$2,366,934$442,010$179,894$2,312,217
68$2,554,680$409,987$132,239$2,486,750
69$2,759,885$374,704$81,296$2,677,585
70$2,984,276$335,947$26,903$2,886,351
71$3,229,756$293,493$0$3,114,848
72$3,498,420$247,102$0$3,367,715
73$3,792,572$196,524$0$3,647,100
74$4,114,754$141,493$0$3,953,124
75$4,467,761$81,728$0$4,288,454
76$4,854,674$16,934$0$4,656,028
77$5,278,885$0$0$5,059,082
78$5,744,130$0$0$5,504,107
79$6,254,524$0$0$5,993,347
80$6,814,600$0$0$6,530,216
81$7,429,351$0$0$7,119,501
82$8,104,275$0$0$7,766,473
83$8,845,431$0$0$8,476,942
84$9,659,492$0$0$9,257,304
85$10,553,811$0$0$10,114,608
86$11,536,484$0$0$11,056,618
87$12,616,436$0$0$12,091,889
88$13,803,494$0$0$13,229,843
89$15,108,488$0$0$14,480,863
90$16,543,347$0$0$15,856,387
91$18,121,217$0$0$17,369,016
92$19,856,579$0$0$19,032,634
93$21,765,388$0$0$20,862,539
94$23,865,224$0$0$22,875,584
95$26,175,456$0$0$25,090,340
96$28,717,425$0$0$27,527,266
97$31,514,645$0$0$30,208,907
98$34,593,025$0$0$33,160,101
99$37,981,112$0$0$36,408,219
100$41,710,362$0$0$39,983,417