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%13.9%
1 years$30,554$30,282$30,017$29,757$29,504$29,027
2 years$15,126$14,844$14,571$14,306$14,050$13,571
3 years$9,984$9,701$9,428$9,166$8,914$8,447
4 years$7,413$7,131$6,862$6,604$6,357$5,907
5 years$5,871$5,591$5,325$5,072$4,833$4,400
6 years$4,844$4,565$4,303$4,056$3,824$3,409
7 years$4,110$3,834$3,576$3,335$3,110$2,713
8 years$3,560$3,286$3,033$2,798$2,580$2,202
9 years$3,132$2,861$2,612$2,383$2,173$1,812
10 years$2,790$2,522$2,277$2,054$1,851$1,508
11 years$2,511$2,245$2,005$1,788$1,592$1,267
12 years$2,278$2,015$1,779$1,568$1,380$1,071
13 years$2,081$1,821$1,590$1,384$1,203$911
14 years$1,913$1,655$1,428$1,229$1,055$778
15 years$1,767$1,512$1,290$1,096$929$668
16 years$1,639$1,388$1,169$981$821$574
17 years$1,527$1,278$1,064$882$728$496
18 years$1,427$1,181$971$795$647$429
19 years$1,338$1,094$889$718$577$372
20 years$1,258$1,017$816$650$515$323
21 years$1,185$947$751$590$461$281
22 years$1,119$884$692$537$413$244
23 years$1,059$827$639$489$371$213
24 years$1,004$775$591$446$333$186
25 years$954$727$547$407$300$162
26 years$907$683$507$372$270$142
27 years$864$643$471$341$244$124
28 years$825$606$438$312$220$108
29 years$788$572$408$286$199$95
30 years$753$540$380$263$179$83
31 years$721$510$354$241$162$73
32 years$691$483$330$222$147$64
33 years$663$457$308$204$133$56
34 years$636$433$288$188$120$49
35 years$611$411$269$173$109$43
36 years$588$390$252$159$99$38
37 years$565$371$236$147$89$33
38 years$544$352$221$135$81$29
39 years$525$335$207$125$73$25
40 years$506$319$194$115$67$22
41 years$488$303$182$106$60$20
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$12
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 $2,179 every year, while hoping to spend $25,184 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: 51/44/5 Blend
47$370,000$370,000$370,000$370,000
48$409,988$390,378$384,643$430,311
49$425,011$382,711$370,733$436,683
50$440,722$373,824$355,512$440,688
51$457,166$363,631$338,912$444,432
52$474,388$352,040$320,857$447,897
53$492,441$338,956$301,271$451,061
54$511,380$324,274$280,073$453,905
55$531,265$307,888$257,180$456,409
56$552,161$289,682$232,503$458,551
57$574,140$269,535$205,950$460,311
58$597,279$247,319$177,427$461,670
59$621,663$222,898$146,831$462,605
60$647,383$196,131$114,060$463,098
61$674,538$166,864$79,004$463,130
62$703,240$134,939$41,549$462,682
63$733,605$100,186$1,576$461,737
64$765,765$62,427$0$460,279
65$799,861$21,474$0$460,487
66$836,048$0$0$460,389
67$874,497$0$0$470,975
68$915,392$0$0$493,313
69$958,937$0$0$517,119
70$1,005,354$0$0$542,519
71$1,054,887$0$0$569,649
72$1,107,802$0$0$598,657
73$1,164,392$0$0$629,707
74$1,224,977$0$0$662,979
75$1,289,909$0$0$698,669
76$1,359,574$0$0$736,994
77$1,434,394$0$0$778,191
78$1,514,835$0$0$822,519
79$1,601,406$0$0$870,265
80$1,694,667$0$0$921,742
81$1,795,233$0$0$977,295
82$1,903,780$0$0$1,037,303
83$2,021,049$0$0$1,102,182
84$2,147,857$0$0$1,172,390
85$2,285,101$0$0$1,248,429
86$2,433,765$0$0$1,330,852
87$2,594,934$0$0$1,420,267
88$2,769,799$0$0$1,517,344
89$2,959,671$0$0$1,622,817
90$3,165,992$0$0$1,737,495
91$3,390,347$0$0$1,862,269
92$3,634,482$0$0$1,998,117
93$3,900,315$0$0$2,146,118
94$4,189,959$0$0$2,307,457
95$4,505,739$0$0$2,483,439
96$4,850,213$0$0$2,675,501
97$5,226,198$0$0$2,885,223
98$5,636,793$0$0$3,114,348
99$6,085,410$0$0$3,364,790
100$6,575,807$0$0$3,638,660