Can I retire at age 48 with 620,000?

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 $620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$51,199$50,743$50,298$49,864$49,440$49,128
2 years$25,346$24,874$24,417$23,973$23,543$23,228
3 years$16,730$16,255$15,799$15,360$14,936$14,629
4 years$12,422$11,949$11,498$11,066$10,653$10,355
5 years$9,838$9,369$8,923$8,500$8,098$7,810
6 years$8,116$7,650$7,211$6,797$6,408$6,131
7 years$6,887$6,425$5,992$5,588$5,211$4,945
8 years$5,965$5,507$5,082$4,688$4,323$4,068
9 years$5,249$4,795$4,377$3,993$3,641$3,396
10 years$4,676$4,226$3,816$3,442$3,102$2,868
11 years$4,207$3,763$3,360$2,996$2,668$2,444
12 years$3,817$3,377$2,982$2,628$2,312$2,098
13 years$3,488$3,052$2,664$2,320$2,016$1,813
14 years$3,205$2,774$2,393$2,059$1,767$1,574
15 years$2,961$2,534$2,161$1,836$1,556$1,372
16 years$2,747$2,325$1,959$1,644$1,375$1,200
17 years$2,558$2,141$1,783$1,477$1,219$1,053
18 years$2,391$1,979$1,627$1,331$1,084$927
19 years$2,242$1,834$1,490$1,203$966$818
20 years$2,107$1,704$1,367$1,090$863$722
21 years$1,986$1,587$1,258$989$772$639
22 years$1,875$1,482$1,159$899$692$567
23 years$1,775$1,386$1,070$819$622$503
24 years$1,683$1,298$990$747$559$447
25 years$1,598$1,218$917$682$503$398
26 years$1,521$1,145$850$624$453$354
27 years$1,449$1,078$790$571$408$316
28 years$1,382$1,016$734$523$368$281
29 years$1,320$958$683$480$333$251
30 years$1,262$905$636$440$301$224
31 years$1,208$855$593$404$272$200
32 years$1,158$809$553$372$246$179
33 years$1,110$766$517$342$222$160
34 years$1,066$726$483$314$201$143
35 years$1,024$689$451$289$182$128
36 years$985$654$422$267$165$115
37 years$948$621$395$246$150$102
38 years$912$590$370$226$136$92
39 years$879$561$347$209$123$82
40 years$848$534$325$192$112$74
41 years$818$508$305$178$101$66
42 years$789$484$286$164$92$59
43 years$762$461$268$151$83$53
44 years$737$440$252$140$76$47
45 years$712$419$236$129$69$42
46 years$689$400$222$119$62$38
47 years$667$382$209$110$57$34
48 years$645$364$196$102$51$31
49 years$625$348$184$94$47$27
50 years$605$332$173$87$42$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $620,000, adding $3,832 every year, while hoping to spend $59,042 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: 79/14/7 Blend
47$620,000$620,000$620,000$620,000
48$687,193$654,333$644,723$740,639
49$694,466$623,575$603,501$745,467
50$700,503$589,331$558,919$742,646
51$705,114$551,368$510,802$737,787
52$708,090$509,439$458,969$730,659
53$709,197$463,284$403,227$721,007
54$708,178$412,627$343,377$708,552
55$704,743$357,178$279,212$692,984
56$698,575$296,627$210,513$673,966
57$689,319$230,651$137,055$651,125
58$676,583$158,907$58,599$624,052
59$659,932$81,030$0$592,299
60$638,883$0$0$557,247
61$612,905$0$0$521,787
62$581,406$0$0$493,993
63$543,732$0$0$460,812
64$499,161$0$0$421,614
65$446,893$0$0$375,702
66$386,043$0$0$322,307
67$315,634$0$0$260,576
68$234,584$0$0$189,568
69$141,701$0$0$108,244
70$35,664$0$0$15,454
71$0$0$0$0
72$0$0$0$0
73$0$0$0$0
74$0$0$0$0
75$0$0$0$0
76$0$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0