Can I retire at age 48 with 370,000?

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 $370,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$30,554$30,282$30,017$29,757$29,504$29,016
2 years$15,126$14,844$14,571$14,306$14,050$13,559
3 years$9,984$9,701$9,428$9,166$8,914$8,436
4 years$7,413$7,131$6,862$6,604$6,357$5,896
5 years$5,871$5,591$5,325$5,072$4,833$4,390
6 years$4,844$4,565$4,303$4,056$3,824$3,399
7 years$4,110$3,834$3,576$3,335$3,110$2,704
8 years$3,560$3,286$3,033$2,798$2,580$2,193
9 years$3,132$2,861$2,612$2,383$2,173$1,804
10 years$2,790$2,522$2,277$2,054$1,851$1,500
11 years$2,511$2,245$2,005$1,788$1,592$1,259
12 years$2,278$2,015$1,779$1,568$1,380$1,064
13 years$2,081$1,821$1,590$1,384$1,203$904
14 years$1,913$1,655$1,428$1,229$1,055$772
15 years$1,767$1,512$1,290$1,096$929$662
16 years$1,639$1,388$1,169$981$821$569
17 years$1,527$1,278$1,064$882$728$491
18 years$1,427$1,181$971$795$647$424
19 years$1,338$1,094$889$718$577$367
20 years$1,258$1,017$816$650$515$319
21 years$1,185$947$751$590$461$277
22 years$1,119$884$692$537$413$241
23 years$1,059$827$639$489$371$210
24 years$1,004$775$591$446$333$183
25 years$954$727$547$407$300$160
26 years$907$683$507$372$270$139
27 years$864$643$471$341$244$122
28 years$825$606$438$312$220$106
29 years$788$572$408$286$199$93
30 years$753$540$380$263$179$81
31 years$721$510$354$241$162$71
32 years$691$483$330$222$147$62
33 years$663$457$308$204$133$55
34 years$636$433$288$188$120$48
35 years$611$411$269$173$109$42
36 years$588$390$252$159$99$37
37 years$565$371$236$147$89$32
38 years$544$352$221$135$81$28
39 years$525$335$207$125$73$25
40 years$506$319$194$115$67$22
41 years$488$303$182$106$60$19
42 years$471$289$171$98$55$17
43 years$455$275$160$90$50$15
44 years$440$262$150$83$45$13
45 years$425$250$141$77$41$11
46 years$411$239$133$71$37$10
47 years$398$228$124$66$34$9
48 years$385$217$117$61$31$8
49 years$373$208$110$56$28$7
50 years$361$198$103$52$25$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $370,000, adding $4,486 every year, while hoping to spend $28,055 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: 56/36/8 Blend
47$370,000$370,000$370,000$370,000
48$412,367$392,757$387,022$434,442
49$424,578$382,152$370,137$439,246
50$437,095$370,087$351,746$440,966
51$449,918$356,461$331,769$442,157
52$463,049$341,166$310,123$442,773
53$476,487$324,091$286,719$442,762
54$490,231$305,114$261,466$442,072
55$504,279$284,109$234,270$440,646
56$518,628$260,942$205,030$438,422
57$533,272$235,472$173,643$435,336
58$548,204$207,549$139,998$431,317
59$563,416$177,014$103,984$426,293
60$578,898$143,702$65,481$420,182
61$594,637$107,434$24,365$412,902
62$610,616$68,025$0$404,360
63$626,819$25,277$0$396,126
64$643,222$0$0$388,759
65$659,801$0$0$388,404
66$676,527$0$0$398,135
67$693,366$0$0$407,916
68$710,279$0$0$417,725
69$727,222$0$0$427,532
70$744,146$0$0$437,306
71$760,991$0$0$447,011
72$777,695$0$0$456,607
73$794,184$0$0$466,048
74$810,375$0$0$475,282
75$826,176$0$0$484,251
76$841,482$0$0$492,891
77$856,178$0$0$501,128
78$870,132$0$0$508,881
79$883,197$0$0$516,059
80$895,212$0$0$522,561
81$905,992$0$0$528,272
82$915,335$0$0$533,067
83$923,015$0$0$536,804
84$928,779$0$0$539,328
85$932,346$0$0$540,463
86$933,406$0$0$540,018
87$931,612$0$0$537,776
88$926,579$0$0$533,500
89$917,881$0$0$526,926
90$905,045$0$0$517,760
91$887,545$0$0$505,677
92$864,802$0$0$490,317
93$836,171$0$0$471,282
94$800,939$0$0$448,130
95$758,317$0$0$420,374
96$707,432$0$0$387,472
97$647,316$0$0$348,827
98$576,903$0$0$303,778
99$495,009$0$0$251,594
100$400,329$0$0$191,468