Can I retire at age 48 with 375,000?

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 $375,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$30,967$30,691$30,422$30,160$29,903$29,335
2 years$15,330$15,045$14,768$14,500$14,240$13,670
3 years$10,119$9,832$9,556$9,290$9,034$8,480
4 years$7,513$7,227$6,954$6,693$6,443$5,909
5 years$5,951$5,666$5,397$5,141$4,898$4,385
6 years$4,909$4,627$4,361$4,111$3,876$3,385
7 years$4,165$3,886$3,624$3,380$3,152$2,684
8 years$3,608$3,331$3,074$2,835$2,615$2,169
9 years$3,175$2,900$2,647$2,415$2,202$1,778
10 years$2,828$2,556$2,308$2,082$1,876$1,473
11 years$2,545$2,276$2,032$1,812$1,614$1,232
12 years$2,309$2,043$1,803$1,589$1,398$1,037
13 years$2,109$1,846$1,611$1,403$1,219$878
14 years$1,939$1,678$1,448$1,245$1,069$746
15 years$1,791$1,533$1,307$1,111$941$637
16 years$1,661$1,406$1,185$995$832$546
17 years$1,547$1,295$1,078$894$738$468
18 years$1,446$1,197$984$805$656$403
19 years$1,356$1,109$901$728$585$348
20 years$1,275$1,031$827$659$522$300
21 years$1,201$960$761$598$467$260
22 years$1,134$896$701$544$419$225
23 years$1,074$838$647$495$376$195
24 years$1,018$785$599$452$338$169
25 years$967$737$554$413$304$147
26 years$920$693$514$377$274$128
27 years$876$652$478$345$247$111
28 years$836$614$444$316$223$96
29 years$798$579$413$290$201$84
30 years$763$547$385$266$182$73
31 years$731$517$359$245$164$64
32 years$700$489$335$225$149$55
33 years$672$464$313$207$135$48
34 years$645$439$292$190$122$42
35 years$619$417$273$175$110$37
36 years$596$396$255$161$100$32
37 years$573$376$239$149$91$28
38 years$552$357$224$137$82$24
39 years$532$339$210$126$74$21
40 years$513$323$197$116$68$18
41 years$495$307$184$107$61$16
42 years$477$293$173$99$56$14
43 years$461$279$162$92$50$12
44 years$446$266$152$84$46$11
45 years$431$254$143$78$42$9
46 years$417$242$134$72$38$8
47 years$403$231$126$67$34$7
48 years$390$220$119$62$31$6
49 years$378$210$111$57$28$5
50 years$366$201$105$53$26$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $375,000, adding $2,546 every year, while hoping to spend $23,904 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: 75/8/17 Blend
47$375,000$375,000$375,000$375,000
48$415,876$396,001$390,189$445,282
49$432,862$389,972$377,826$459,059
50$450,779$382,845$364,249$470,953
51$469,697$374,544$349,390$483,353
52$489,693$364,983$333,181$496,302
53$510,848$354,074$315,549$509,850
54$533,255$341,723$296,420$524,050
55$557,012$327,832$275,715$538,962
56$582,226$312,296$253,351$554,652
57$609,017$295,002$229,242$571,193
58$637,515$275,835$203,299$588,668
59$667,859$254,669$175,428$607,166
60$700,207$231,373$145,531$626,787
61$734,727$205,810$113,505$647,643
62$771,605$177,831$79,244$669,856
63$811,046$147,282$42,636$693,562
64$853,274$113,999$3,565$718,911
65$898,533$77,810$0$746,072
66$947,092$38,532$0$782,145
67$999,247$0$0$821,558
68$1,055,322$0$0$864,269
69$1,115,672$0$0$913,898
70$1,180,688$0$0$967,375
71$1,250,799$0$0$1,025,055
72$1,326,477$0$0$1,087,328
73$1,408,239$0$0$1,154,620
74$1,496,653$0$0$1,227,402
75$1,592,347$0$0$1,306,191
76$1,696,007$0$0$1,391,555
77$1,808,389$0$0$1,484,118
78$1,930,325$0$0$1,584,566
79$2,062,729$0$0$1,693,657
80$2,206,607$0$0$1,812,219
81$2,363,065$0$0$1,941,168
82$2,533,320$0$0$2,081,509
83$2,718,712$0$0$2,234,349
84$2,920,715$0$0$2,400,905
85$3,140,949$0$0$2,582,517
86$3,381,200$0$0$2,780,660
87$3,643,433$0$0$2,996,958
88$3,929,810$0$0$3,233,197
89$4,242,713$0$0$3,491,345
90$4,584,761$0$0$3,773,567
91$4,958,841$0$0$4,082,248
92$5,368,130$0$0$4,420,014
93$5,816,126$0$0$4,789,755
94$6,306,681$0$0$5,194,655
95$6,844,039$0$0$5,638,220
96$7,432,870$0$0$6,124,311
97$8,078,321$0$0$6,657,178
98$8,786,057$0$0$7,241,507
99$9,562,321$0$0$7,882,453
100$10,413,986$0$0$8,585,699