Can I retire at age 48 with 660,000?

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 $660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$54,502$54,017$53,543$53,081$52,629$51,588
2 years$26,981$26,479$25,992$25,520$25,062$24,017
3 years$17,809$17,304$16,818$16,351$15,900$14,884
4 years$13,224$12,720$12,239$11,780$11,340$10,361
5 years$10,473$9,973$9,498$9,048$8,621$7,682
6 years$8,640$8,144$7,676$7,236$6,821$5,923
7 years$7,331$6,839$6,379$5,949$5,547$4,690
8 years$6,350$5,862$5,410$4,990$4,602$3,786
9 years$5,587$5,104$4,659$4,251$3,876$3,100
10 years$4,977$4,499$4,062$3,664$3,302$2,566
11 years$4,479$4,005$3,576$3,189$2,840$2,142
12 years$4,064$3,595$3,174$2,797$2,461$1,801
13 years$3,713$3,249$2,836$2,469$2,146$1,522
14 years$3,412$2,953$2,548$2,192$1,881$1,293
15 years$3,152$2,698$2,300$1,955$1,656$1,102
16 years$2,924$2,475$2,086$1,750$1,464$943
17 years$2,723$2,279$1,898$1,573$1,298$808
18 years$2,545$2,106$1,732$1,417$1,154$694
19 years$2,386$1,952$1,586$1,281$1,029$598
20 years$2,243$1,814$1,456$1,160$919$516
21 years$2,114$1,690$1,339$1,053$822$445
22 years$1,996$1,577$1,234$957$737$385
23 years$1,889$1,475$1,139$872$662$333
24 years$1,792$1,382$1,054$795$595$289
25 years$1,702$1,297$976$726$535$250
26 years$1,619$1,219$905$664$482$217
27 years$1,542$1,147$840$608$435$188
28 years$1,471$1,081$781$557$392$164
29 years$1,405$1,020$727$511$354$142
30 years$1,343$963$677$469$320$123
31 years$1,286$910$631$430$289$107
32 years$1,232$861$589$395$262$93
33 years$1,182$816$550$364$237$81
34 years$1,135$773$514$335$214$71
35 years$1,090$733$480$308$194$61
36 years$1,048$696$449$284$176$53
37 years$1,009$661$421$261$159$47
38 years$971$628$394$241$145$40
39 years$936$597$369$222$131$35
40 years$902$568$346$205$119$31
41 years$871$541$324$189$108$27
42 years$840$515$304$174$98$23
43 years$812$491$286$161$89$20
44 years$784$468$268$149$81$18
45 years$758$446$252$137$73$15
46 years$733$426$236$127$66$13
47 years$710$406$222$117$60$12
48 years$687$388$209$108$55$10
49 years$665$370$196$100$50$9
50 years$644$354$184$93$45$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $660,000, adding $5,484 every year, while hoping to spend $54,079 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: 45/39/16 Blend
47$660,000$660,000$660,000$660,000
48$732,977$697,997$687,767$762,372
49$750,201$674,659$653,267$760,108
50$767,369$648,365$615,800$751,796
51$784,419$618,913$575,207$741,621
52$801,280$586,090$531,326$729,434
53$817,871$549,669$483,986$715,073
54$834,102$509,411$433,009$698,367
55$849,873$465,064$378,207$679,132
56$865,069$416,362$319,385$657,170
57$879,563$363,020$256,342$632,268
58$893,212$304,742$188,863$604,200
59$905,858$241,213$116,728$572,721
60$917,321$172,099$39,705$537,568
61$927,405$97,048$0$498,459
62$935,888$15,691$0$462,346
63$942,523$0$0$429,354
64$947,037$0$0$423,449
65$949,126$0$0$423,029
66$948,450$0$0$421,194
67$944,635$0$0$417,754
68$937,263$0$0$412,501
69$925,872$0$0$405,205
70$909,948$0$0$395,610
71$888,924$0$0$383,431
72$862,170$0$0$368,356
73$828,987$0$0$350,036
74$788,605$0$0$328,088
75$740,168$0$0$302,084
76$682,731$0$0$271,554
77$615,249$0$0$235,979
78$536,563$0$0$194,781
79$445,396$0$0$147,326
80$340,335$0$0$92,909
81$219,816$0$0$30,754
82$82,115$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