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%13.6%
1 years$30,554$30,282$30,017$29,757$29,504$29,063
2 years$15,126$14,844$14,571$14,306$14,050$13,606
3 years$9,984$9,701$9,428$9,166$8,914$8,482
4 years$7,413$7,131$6,862$6,604$6,357$5,940
5 years$5,871$5,591$5,325$5,072$4,833$4,432
6 years$4,844$4,565$4,303$4,056$3,824$3,440
7 years$4,110$3,834$3,576$3,335$3,110$2,742
8 years$3,560$3,286$3,033$2,798$2,580$2,229
9 years$3,132$2,861$2,612$2,383$2,173$1,838
10 years$2,790$2,522$2,277$2,054$1,851$1,533
11 years$2,511$2,245$2,005$1,788$1,592$1,289
12 years$2,278$2,015$1,779$1,568$1,380$1,092
13 years$2,081$1,821$1,590$1,384$1,203$931
14 years$1,913$1,655$1,428$1,229$1,055$797
15 years$1,767$1,512$1,290$1,096$929$685
16 years$1,639$1,388$1,169$981$821$591
17 years$1,527$1,278$1,064$882$728$511
18 years$1,427$1,181$971$795$647$443
19 years$1,338$1,094$889$718$577$385
20 years$1,258$1,017$816$650$515$335
21 years$1,185$947$751$590$461$292
22 years$1,119$884$692$537$413$254
23 years$1,059$827$639$489$371$222
24 years$1,004$775$591$446$333$194
25 years$954$727$547$407$300$170
26 years$907$683$507$372$270$149
27 years$864$643$471$341$244$131
28 years$825$606$438$312$220$114
29 years$788$572$408$286$199$100
30 years$753$540$380$263$179$88
31 years$721$510$354$241$162$77
32 years$691$483$330$222$147$68
33 years$663$457$308$204$133$60
34 years$636$433$288$188$120$52
35 years$611$411$269$173$109$46
36 years$588$390$252$159$99$41
37 years$565$371$236$147$89$36
38 years$544$352$221$135$81$31
39 years$525$335$207$125$73$28
40 years$506$319$194$115$67$24
41 years$488$303$182$106$60$21
42 years$471$289$171$98$55$19
43 years$455$275$160$90$50$16
44 years$440$262$150$83$45$15
45 years$425$250$141$77$41$13
46 years$411$239$133$71$37$11
47 years$398$228$124$66$34$10
48 years$385$217$117$61$31$9
49 years$373$208$110$56$28$8
50 years$361$198$103$52$25$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $370,000, adding $2,225 every year, while hoping to spend $33,837 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: 39/44/17 Blend
47$370,000$370,000$370,000$370,000
48$410,035$390,425$384,690$423,864
49$415,856$373,554$361,575$417,084
50$421,137$354,721$336,551$406,341
51$425,787$333,797$309,520$394,011
52$429,705$310,640$280,376$379,967
53$432,777$285,104$249,011$364,073
54$434,879$257,032$215,311$346,185
55$435,871$226,261$179,159$326,146
56$435,598$192,616$140,429$303,787
57$433,888$155,914$98,992$278,926
58$430,551$115,960$54,715$251,368
59$425,374$72,548$7,454$220,903
60$418,122$25,463$0$187,304
61$408,536$0$0$158,124
62$396,326$0$0$139,609
63$381,174$0$0$132,129
64$362,725$0$0$123,202
65$340,589$0$0$112,659
66$314,332$0$0$100,312
67$283,476$0$0$85,955
68$247,490$0$0$69,359
69$205,790$0$0$50,271
70$157,727$0$0$28,412
71$102,587$0$0$3,474
72$39,578$0$0$0
73$0$0$0$0
74$0$0$0$0
75$0$0$0$0
76$0$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$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