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%14.6%
1 years$51,199$50,743$50,298$49,864$49,440$48,501
2 years$25,346$24,874$24,417$23,973$23,543$22,601
3 years$16,730$16,255$15,799$15,360$14,936$14,020
4 years$12,422$11,949$11,498$11,066$10,653$9,770
5 years$9,838$9,369$8,923$8,500$8,098$7,251
6 years$8,116$7,650$7,211$6,797$6,408$5,597
7 years$6,887$6,425$5,992$5,588$5,211$4,437
8 years$5,965$5,507$5,082$4,688$4,323$3,586
9 years$5,249$4,795$4,377$3,993$3,641$2,939
10 years$4,676$4,226$3,816$3,442$3,102$2,436
11 years$4,207$3,763$3,360$2,996$2,668$2,036
12 years$3,817$3,377$2,982$2,628$2,312$1,714
13 years$3,488$3,052$2,664$2,320$2,016$1,451
14 years$3,205$2,774$2,393$2,059$1,767$1,234
15 years$2,961$2,534$2,161$1,836$1,556$1,053
16 years$2,747$2,325$1,959$1,644$1,375$902
17 years$2,558$2,141$1,783$1,477$1,219$775
18 years$2,391$1,979$1,627$1,331$1,084$667
19 years$2,242$1,834$1,490$1,203$966$575
20 years$2,107$1,704$1,367$1,090$863$496
21 years$1,986$1,587$1,258$989$772$429
22 years$1,875$1,482$1,159$899$692$372
23 years$1,775$1,386$1,070$819$622$322
24 years$1,683$1,298$990$747$559$280
25 years$1,598$1,218$917$682$503$243
26 years$1,521$1,145$850$624$453$211
27 years$1,449$1,078$790$571$408$183
28 years$1,382$1,016$734$523$368$159
29 years$1,320$958$683$480$333$139
30 years$1,262$905$636$440$301$121
31 years$1,208$855$593$404$272$105
32 years$1,158$809$553$372$246$92
33 years$1,110$766$517$342$222$80
34 years$1,066$726$483$314$201$70
35 years$1,024$689$451$289$182$61
36 years$985$654$422$267$165$53
37 years$948$621$395$246$150$46
38 years$912$590$370$226$136$40
39 years$879$561$347$209$123$35
40 years$848$534$325$192$112$31
41 years$818$508$305$178$101$27
42 years$789$484$286$164$92$23
43 years$762$461$268$151$83$20
44 years$737$440$252$140$76$18
45 years$712$419$236$129$69$15
46 years$689$400$222$119$62$13
47 years$667$382$209$110$57$12
48 years$645$364$196$102$51$10
49 years$625$348$184$94$47$9
50 years$605$332$173$87$42$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $620,000, adding $5,766 every year, while hoping to spend $48,074 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: 83/7/10 Blend
47$620,000$620,000$620,000$620,000
48$689,188$656,328$646,718$744,861
49$708,334$637,337$617,232$763,153
50$727,823$615,805$585,148$776,229
51$747,637$591,556$550,327$789,125
52$767,758$564,404$512,625$801,795
53$788,163$534,154$471,892$814,189
54$808,826$500,597$427,970$826,252
55$829,714$463,515$380,695$837,921
56$850,792$422,674$329,895$849,129
57$872,019$377,831$275,392$859,801
58$893,345$328,725$216,999$869,855
59$914,717$275,083$154,518$879,202
60$936,071$216,615$87,748$887,741
61$957,338$153,017$16,475$895,363
62$978,436$83,964$0$901,949
63$999,274$9,116$0$913,725
64$1,019,751$0$0$926,476
65$1,039,750$0$0$943,848
66$1,059,143$0$0$961,360
67$1,077,785$0$0$978,178
68$1,095,512$0$0$994,152
69$1,112,142$0$0$1,009,115
70$1,127,473$0$0$1,022,882
71$1,141,278$0$0$1,035,245
72$1,153,302$0$0$1,045,971
73$1,163,265$0$0$1,054,803
74$1,170,853$0$0$1,061,454
75$1,175,716$0$0$1,065,603
76$1,177,466$0$0$1,066,896
77$1,175,672$0$0$1,064,937
78$1,169,855$0$0$1,059,289
79$1,159,485$0$0$1,049,466
80$1,143,971$0$0$1,034,928
81$1,122,661$0$0$1,015,076
82$1,094,830$0$0$989,250
83$1,059,677$0$0$956,714
84$1,016,313$0$0$916,656
85$963,755$0$0$868,176
86$900,916$0$0$810,280
87$826,590$0$0$741,864
88$739,448$0$0$661,712
89$638,017$0$0$568,476
90$520,668$0$0$460,666
91$385,604$0$0$336,638
92$230,835$0$0$194,571
93$54,166$0$0$32,457
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