Can I retire at age 48 with 380,000?

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 $380,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$31,380$31,101$30,828$30,562$30,302$30,123
2 years$15,535$15,245$14,965$14,693$14,429$14,249
3 years$10,254$9,963$9,683$9,414$9,155$8,979
4 years$7,614$7,324$7,047$6,782$6,529$6,359
5 years$6,030$5,742$5,469$5,209$4,963$4,799
6 years$4,975$4,689$4,420$4,166$3,927$3,769
7 years$4,221$3,938$3,673$3,425$3,194$3,041
8 years$3,656$3,375$3,115$2,873$2,650$2,503
9 years$3,217$2,939$2,683$2,447$2,231$2,091
10 years$2,866$2,590$2,339$2,110$1,901$1,767
11 years$2,579$2,306$2,059$1,836$1,635$1,507
12 years$2,340$2,070$1,827$1,610$1,417$1,295
13 years$2,138$1,871$1,633$1,422$1,236$1,119
14 years$1,964$1,700$1,467$1,262$1,083$972
15 years$1,815$1,553$1,324$1,126$954$848
16 years$1,684$1,425$1,201$1,008$843$742
17 years$1,568$1,312$1,093$906$747$652
18 years$1,466$1,213$997$816$665$574
19 years$1,374$1,124$913$737$592$507
20 years$1,291$1,044$838$668$529$448
21 years$1,217$973$771$606$473$397
22 years$1,149$908$710$551$424$352
23 years$1,088$849$656$502$381$313
24 years$1,031$796$607$458$342$278
25 years$980$747$562$418$308$248
26 years$932$702$521$382$278$221
27 years$888$661$484$350$250$197
28 years$847$622$450$321$226$176
29 years$809$587$419$294$204$157
30 years$774$555$390$270$184$140
31 years$740$524$364$248$167$125
32 years$710$496$339$228$151$112
33 years$681$470$317$209$136$100
34 years$653$445$296$193$123$90
35 years$628$422$277$177$112$80
36 years$604$401$259$163$101$72
37 years$581$381$242$150$92$64
38 years$559$362$227$139$83$58
39 years$539$344$213$128$75$52
40 years$520$327$199$118$68$46
41 years$501$312$187$109$62$42
42 years$484$297$175$100$56$37
43 years$467$283$164$93$51$33
44 years$451$269$154$86$46$30
45 years$436$257$145$79$42$27
46 years$422$245$136$73$38$24
47 years$409$234$128$67$35$22
48 years$395$223$120$62$32$19
49 years$383$213$113$58$29$17
50 years$371$204$106$53$26$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $380,000, adding $3,738 every year, while hoping to spend $31,152 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: 63/20/17 Blend
47$380,000$380,000$380,000$380,000
48$422,616$402,476$396,586$447,215
49$432,577$389,052$376,726$450,776
50$442,510$373,926$355,157$450,793
51$452,380$356,981$331,788$450,070
52$462,145$338,096$306,525$448,538
53$471,761$317,139$279,271$446,120
54$481,175$293,974$249,921$442,733
55$490,330$268,454$218,369$438,289
56$499,162$240,426$184,502$432,690
57$507,597$209,728$148,203$425,832
58$515,554$176,187$109,351$417,600
59$522,943$139,622$67,816$407,871
60$529,662$99,842$23,466$396,511
61$535,597$56,644$0$383,375
62$540,623$9,815$0$372,633
63$544,599$0$0$364,610
64$547,369$0$0$363,880
65$548,759$0$0$364,337
66$548,576$0$0$363,685
67$546,605$0$0$361,776
68$542,609$0$0$358,444
69$536,322$0$0$353,504
70$527,454$0$0$346,753
71$515,677$0$0$337,965
72$500,634$0$0$326,890
73$481,926$0$0$313,250
74$459,112$0$0$296,739
75$431,704$0$0$277,017
76$399,162$0$0$253,710
77$360,888$0$0$226,400
78$316,222$0$0$194,630
79$264,434$0$0$157,890
80$204,716$0$0$115,621
81$136,175$0$0$67,202
82$57,828$0$0$11,947
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