Can I retire at age 48 with 270,000?

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 $270,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$22,296$22,098$21,904$21,715$21,530$21,341
2 years$11,038$10,832$10,633$10,440$10,252$10,062
3 years$7,285$7,079$6,880$6,689$6,505$6,318
4 years$5,410$5,204$5,007$4,819$4,639$4,459
5 years$4,284$4,080$3,886$3,701$3,527$3,353
6 years$3,535$3,331$3,140$2,960$2,790$2,623
7 years$2,999$2,798$2,610$2,434$2,269$2,109
8 years$2,598$2,398$2,213$2,042$1,883$1,729
9 years$2,286$2,088$1,906$1,739$1,585$1,438
10 years$2,036$1,841$1,662$1,499$1,351$1,210
11 years$1,832$1,639$1,463$1,305$1,162$1,028
12 years$1,662$1,471$1,298$1,144$1,007$879
13 years$1,519$1,329$1,160$1,010$878$756
14 years$1,396$1,208$1,042$897$770$654
15 years$1,289$1,104$941$800$678$568
16 years$1,196$1,013$853$716$599$495
17 years$1,114$932$776$643$531$432
18 years$1,041$862$709$580$472$379
19 years$976$799$649$524$421$333
20 years$918$742$595$475$376$293
21 years$865$691$548$431$336$258
22 years$817$645$505$392$302$228
23 years$773$603$466$357$271$201
24 years$733$565$431$325$243$178
25 years$696$531$399$297$219$158
26 years$662$499$370$272$197$140
27 years$631$469$344$249$178$124
28 years$602$442$320$228$160$110
29 years$575$417$297$209$145$98
30 years$550$394$277$192$131$87
31 years$526$372$258$176$118$77
32 years$504$352$241$162$107$69
33 years$484$334$225$149$97$61
34 years$464$316$210$137$88$54
35 years$446$300$197$126$79$48
36 years$429$285$184$116$72$43
37 years$413$270$172$107$65$38
38 years$397$257$161$99$59$34
39 years$383$244$151$91$54$30
40 years$369$233$142$84$49$27
41 years$356$221$133$77$44$24
42 years$344$211$124$71$40$21
43 years$332$201$117$66$36$19
44 years$321$191$110$61$33$17
45 years$310$183$103$56$30$15
46 years$300$174$97$52$27$14
47 years$290$166$91$48$25$12
48 years$281$159$85$44$22$11
49 years$272$152$80$41$20$10
50 years$264$145$75$38$18$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $270,000, adding $2,345 every year, while hoping to spend $20,593 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: 49/46/5 Blend
47$270,000$270,000$270,000$270,000
48$299,959$285,649$281,464$314,174
49$308,644$277,735$268,982$316,205
50$317,525$268,743$255,392$316,010
51$326,599$258,598$240,635$315,306
52$335,865$247,222$224,649$314,048
53$345,318$234,532$207,370$312,192
54$354,955$220,438$188,730$309,689
55$364,768$204,847$168,661$306,488
56$374,751$187,661$147,088$302,533
57$384,895$168,775$123,934$297,764
58$395,189$148,080$99,120$292,120
59$405,620$125,458$72,563$285,532
60$416,174$100,786$44,175$277,928
61$426,834$73,935$13,865$269,233
62$437,580$44,766$0$259,365
63$448,389$13,136$0$249,221
64$459,235$0$0$238,577
65$470,088$0$0$237,283
66$480,914$0$0$242,607
67$491,676$0$0$247,880
68$502,329$0$0$253,078
69$512,825$0$0$258,173
70$523,107$0$0$263,135
71$533,115$0$0$267,930
72$542,778$0$0$272,520
73$552,018$0$0$276,861
74$560,748$0$0$280,907
75$568,870$0$0$284,603
76$576,274$0$0$287,890
77$582,839$0$0$290,701
78$588,428$0$0$292,963
79$592,891$0$0$294,592
80$596,060$0$0$295,498
81$597,746$0$0$295,578
82$597,742$0$0$294,720
83$595,818$0$0$292,797
84$591,716$0$0$289,671
85$585,151$0$0$285,186
86$575,810$0$0$279,172
87$563,341$0$0$271,439
88$547,357$0$0$261,776
89$527,430$0$0$249,952
90$503,084$0$0$235,707
91$473,793$0$0$218,758
92$438,975$0$0$198,789
93$397,986$0$0$175,451
94$350,115$0$0$148,359
95$294,575$0$0$117,087
96$230,495$0$0$81,163
97$156,914$0$0$40,066
98$72,769$0$0$0
99$0$0$0$0
100$0$0$0$0