Can I retire at age 48 with 630,000?

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 $630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$52,025$51,561$51,109$50,668$50,237$48,687
2 years$25,755$25,275$24,810$24,360$23,922$22,375
3 years$16,999$16,518$16,054$15,607$15,177$13,680
4 years$12,622$12,142$11,683$11,244$10,825$9,389
5 years$9,997$9,520$9,067$8,637$8,229$6,859
6 years$8,247$7,773$7,327$6,907$6,511$5,209
7 years$6,998$6,528$6,089$5,678$5,295$4,060
8 years$6,061$5,596$5,164$4,764$4,393$3,224
9 years$5,333$4,872$4,448$4,057$3,699$2,595
10 years$4,751$4,295$3,878$3,498$3,152$2,111
11 years$4,275$3,823$3,414$3,044$2,711$1,731
12 years$3,879$3,432$3,030$2,670$2,349$1,429
13 years$3,544$3,101$2,707$2,357$2,049$1,186
14 years$3,257$2,819$2,432$2,092$1,796$988
15 years$3,008$2,575$2,196$1,866$1,581$826
16 years$2,791$2,363$1,991$1,671$1,397$692
17 years$2,600$2,176$1,812$1,501$1,239$581
18 years$2,430$2,011$1,654$1,353$1,102$489
19 years$2,278$1,863$1,514$1,222$982$413
20 years$2,141$1,732$1,389$1,107$877$348
21 years$2,018$1,613$1,278$1,005$785$294
22 years$1,906$1,506$1,178$914$704$249
23 years$1,804$1,408$1,088$832$632$211
24 years$1,710$1,319$1,006$759$568$179
25 years$1,624$1,238$932$693$511$151
26 years$1,545$1,164$864$634$460$128
27 years$1,472$1,095$802$580$415$109
28 years$1,404$1,032$746$531$374$93
29 years$1,341$973$694$487$338$79
30 years$1,282$919$646$447$305$67
31 years$1,228$869$603$411$276$57
32 years$1,176$822$562$378$250$48
33 years$1,128$779$525$347$226$41
34 years$1,083$738$491$319$205$35
35 years$1,041$700$459$294$185$30
36 years$1,001$664$429$271$168$25
37 years$963$631$402$250$152$21
38 years$927$600$376$230$138$18
39 years$893$570$352$212$125$15
40 years$861$543$330$196$114$13
41 years$831$517$310$180$103$11
42 years$802$492$290$167$93$9
43 years$775$469$273$154$85$8
44 years$749$447$256$142$77$7
45 years$724$426$240$131$70$6
46 years$700$406$226$121$63$5
47 years$677$388$212$112$58$4
48 years$656$370$199$103$52$4
49 years$635$354$187$96$48$3
50 years$615$338$176$88$43$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $630,000, adding $5,075 every year, while hoping to spend $43,935 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: 66/25/9 Blend
47$630,000$630,000$630,000$630,000
48$699,495$666,105$656,340$744,060
49$724,097$651,998$631,581$760,244
50$749,736$635,726$604,520$772,229
51$776,471$617,139$575,033$784,182
52$804,366$596,074$542,992$796,095
53$833,491$572,361$508,262$807,963
54$863,919$545,819$470,701$819,777
55$895,732$516,257$430,162$831,533
56$929,015$483,473$386,491$843,228
57$963,864$447,252$339,528$854,859
58$1,000,381$407,370$289,105$866,424
59$1,038,675$363,587$235,045$877,927
60$1,078,868$315,650$177,167$889,371
61$1,121,089$263,294$115,279$900,763
62$1,165,480$206,235$49,181$912,114
63$1,212,196$144,177$0$923,440
64$1,261,403$76,805$0$936,809
65$1,313,284$3,787$0$955,370
66$1,368,039$0$0$974,448
67$1,425,884$0$0$1,014,797
68$1,487,056$0$0$1,058,587
69$1,551,813$0$0$1,104,962
70$1,620,437$0$0$1,154,127
71$1,693,236$0$0$1,206,306
72$1,770,548$0$0$1,261,742
73$1,852,740$0$0$1,320,702
74$1,940,216$0$0$1,383,480
75$2,033,418$0$0$1,450,396
76$2,132,828$0$0$1,521,799
77$2,238,976$0$0$1,598,075
78$2,352,442$0$0$1,679,644
79$2,473,861$0$0$1,766,968
80$2,603,932$0$0$1,860,553
81$2,743,419$0$0$1,960,954
82$2,893,160$0$0$2,068,781
83$3,054,078$0$0$2,184,703
84$3,227,183$0$0$2,309,452
85$3,413,584$0$0$2,443,837
86$3,614,500$0$0$2,588,741
87$3,831,272$0$0$2,745,138
88$4,065,369$0$0$2,914,097
89$4,318,408$0$0$3,096,791
90$4,592,165$0$0$3,294,512
91$4,888,594$0$0$3,508,679
92$5,209,842$0$0$3,740,852
93$5,558,270$0$0$3,992,747
94$5,936,473$0$0$4,266,250
95$6,347,308$0$0$4,563,437
96$6,793,915$0$0$4,886,591
97$7,279,750$0$0$5,238,224
98$7,808,616$0$0$5,621,099
99$8,384,695$0$0$6,038,258
100$9,012,592$0$0$6,493,047