Can I retire at age 48 with 620,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%14.3%
1 years$51,199$50,743$50,298$49,864$49,440$48,561
2 years$25,346$24,874$24,417$23,973$23,543$22,660
3 years$16,730$16,255$15,799$15,360$14,936$14,078
4 years$12,422$11,949$11,498$11,066$10,653$9,825
5 years$9,838$9,369$8,923$8,500$8,098$7,303
6 years$8,116$7,650$7,211$6,797$6,408$5,646
7 years$6,887$6,425$5,992$5,588$5,211$4,484
8 years$5,965$5,507$5,082$4,688$4,323$3,630
9 years$5,249$4,795$4,377$3,993$3,641$2,981
10 years$4,676$4,226$3,816$3,442$3,102$2,475
11 years$4,207$3,763$3,360$2,996$2,668$2,073
12 years$3,817$3,377$2,982$2,628$2,312$1,748
13 years$3,488$3,052$2,664$2,320$2,016$1,483
14 years$3,205$2,774$2,393$2,059$1,767$1,263
15 years$2,961$2,534$2,161$1,836$1,556$1,081
16 years$2,747$2,325$1,959$1,644$1,375$928
17 years$2,558$2,141$1,783$1,477$1,219$798
18 years$2,391$1,979$1,627$1,331$1,084$688
19 years$2,242$1,834$1,490$1,203$966$595
20 years$2,107$1,704$1,367$1,090$863$515
21 years$1,986$1,587$1,258$989$772$446
22 years$1,875$1,482$1,159$899$692$387
23 years$1,775$1,386$1,070$819$622$337
24 years$1,683$1,298$990$747$559$293
25 years$1,598$1,218$917$682$503$255
26 years$1,521$1,145$850$624$453$222
27 years$1,449$1,078$790$571$408$193
28 years$1,382$1,016$734$523$368$169
29 years$1,320$958$683$480$333$147
30 years$1,262$905$636$440$301$128
31 years$1,208$855$593$404$272$112
32 years$1,158$809$553$372$246$98
33 years$1,110$766$517$342$222$85
34 years$1,066$726$483$314$201$75
35 years$1,024$689$451$289$182$65
36 years$985$654$422$267$165$57
37 years$948$621$395$246$150$50
38 years$912$590$370$226$136$44
39 years$879$561$347$209$123$38
40 years$848$534$325$192$112$33
41 years$818$508$305$178$101$29
42 years$789$484$286$164$92$25
43 years$762$461$268$151$83$22
44 years$737$440$252$140$76$19
45 years$712$419$236$129$69$17
46 years$689$400$222$119$62$15
47 years$667$382$209$110$57$13
48 years$645$364$196$102$51$11
49 years$625$348$184$94$47$10
50 years$605$332$173$87$42$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $620,000, adding $6,175 every year, while hoping to spend $38,212 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: 30/43/27 Blend
47$620,000$620,000$620,000$620,000
48$689,610$656,750$647,140$704,419
49$719,292$648,273$628,161$707,968
50$750,722$638,100$607,267$708,018
51$784,037$626,108$584,351$707,308
52$819,387$612,166$559,305$705,800
53$856,937$596,135$532,015$703,453
54$896,868$577,868$502,360$700,227
55$939,376$557,211$470,217$696,084
56$984,677$533,999$435,454$690,983
57$1,033,007$508,059$397,935$684,887
58$1,084,626$479,206$357,518$677,759
59$1,139,817$447,246$314,054$669,564
60$1,198,891$411,973$267,387$660,267
61$1,262,189$373,171$217,356$649,840
62$1,330,085$330,610$163,790$638,254
63$1,402,990$284,046$106,514$625,486
64$1,481,355$233,224$45,341$611,519
65$1,565,673$177,872$0$596,340
66$1,656,488$117,704$0$585,689
67$1,754,397$52,418$0$588,135
68$1,860,054$0$0$590,675
69$1,974,179$0$0$602,057
70$2,097,564$0$0$641,254
71$2,231,077$0$0$683,749
72$2,375,675$0$0$729,857
73$2,532,409$0$0$779,923
74$2,702,433$0$0$834,329
75$2,887,019$0$0$893,491
76$3,087,564$0$0$957,871
77$3,305,606$0$0$1,027,976
78$3,542,836$0$0$1,104,361
79$3,801,116$0$0$1,187,641
80$4,082,493$0$0$1,278,490
81$4,389,221$0$0$1,377,652
82$4,723,779$0$0$1,485,944
83$5,088,899$0$0$1,604,267
84$5,487,585$0$0$1,733,612
85$5,923,144$0$0$1,875,070
86$6,399,220$0$0$2,029,842
87$6,919,820$0$0$2,199,251
88$7,489,360$0$0$2,384,755
89$8,112,700$0$0$2,587,958
90$8,795,192$0$0$2,810,626
91$9,542,731$0$0$3,054,704
92$10,361,808$0$0$3,322,337
93$11,259,570$0$0$3,615,884
94$12,243,892$0$0$3,937,945
95$13,323,443$0$0$4,291,384
96$14,507,775$0$0$4,679,353
97$15,807,406$0$0$5,105,329
98$17,233,925$0$0$5,573,137
99$18,800,096$0$0$6,086,994
100$20,519,977$0$0$6,651,545