Can I retire at age 48 with 405,000?

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 $405,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$33,445$33,147$32,856$32,572$32,295$31,985
2 years$16,557$16,248$15,949$15,660$15,379$15,066
3 years$10,928$10,618$10,320$10,033$9,757$9,451
4 years$8,114$7,806$7,511$7,228$6,959$6,663
5 years$6,427$6,120$5,829$5,552$5,290$5,005
6 years$5,302$4,997$4,710$4,440$4,186$3,912
7 years$4,499$4,197$3,914$3,650$3,404$3,141
8 years$3,897$3,597$3,320$3,062$2,824$2,572
9 years$3,429$3,132$2,859$2,608$2,378$2,137
10 years$3,054$2,761$2,493$2,248$2,026$1,796
11 years$2,748$2,458$2,195$1,957$1,743$1,523
12 years$2,494$2,206$1,948$1,716$1,510$1,301
13 years$2,278$1,994$1,740$1,515$1,317$1,118
14 years$2,094$1,812$1,563$1,345$1,154$966
15 years$1,934$1,655$1,412$1,200$1,016$837
16 years$1,794$1,519$1,280$1,074$898$729
17 years$1,671$1,399$1,165$965$797$636
18 years$1,562$1,292$1,063$870$708$557
19 years$1,464$1,198$973$786$631$488
20 years$1,376$1,113$893$712$564$429
21 years$1,297$1,037$822$646$505$377
22 years$1,225$968$757$587$452$332
23 years$1,159$905$699$535$406$293
24 years$1,099$848$647$488$365$259
25 years$1,044$796$599$446$328$229
26 years$993$748$555$407$296$203
27 years$946$704$516$373$267$179
28 years$903$663$479$342$241$159
29 years$862$626$446$313$217$141
30 years$824$591$416$288$196$125
31 years$789$559$387$264$178$111
32 years$756$529$361$243$161$98
33 years$725$501$338$223$145$87
34 years$696$474$315$205$132$78
35 years$669$450$295$189$119$69
36 years$643$427$276$174$108$61
37 years$619$406$258$160$98$55
38 years$596$386$242$148$89$48
39 years$574$367$227$136$80$43
40 years$554$349$212$126$73$38
41 years$534$332$199$116$66$34
42 years$516$316$187$107$60$30
43 years$498$301$175$99$55$27
44 years$481$287$164$91$49$24
45 years$465$274$154$84$45$21
46 years$450$261$145$78$41$19
47 years$435$249$136$72$37$17
48 years$421$238$128$66$34$15
49 years$408$227$120$61$31$13
50 years$395$217$113$57$28$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $405,000, adding $4,304 every year, while hoping to spend $29,058 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: 71/17/12 Blend
47$405,000$405,000$405,000$405,000
48$450,750$429,285$423,007$481,315
49$465,809$419,402$406,260$492,255
50$481,430$408,061$387,979$500,270
51$497,639$395,160$368,080$508,270
52$514,467$380,591$346,478$516,246
53$531,941$364,239$323,084$524,192
54$550,095$345,983$297,804$532,099
55$568,964$325,695$270,540$539,960
56$588,585$303,241$241,189$547,766
57$608,996$278,475$209,645$555,511
58$630,242$251,249$175,796$563,186
59$652,367$221,400$139,525$570,785
60$675,421$188,761$100,712$578,301
61$699,456$153,153$59,228$585,728
62$724,530$114,387$14,942$593,061
63$750,704$72,264$0$600,295
64$778,045$26,573$0$611,564
65$806,623$0$0$625,040
66$836,517$0$0$643,110
67$867,810$0$0$667,235
68$900,592$0$0$692,515
69$934,963$0$0$719,025
70$971,029$0$0$746,850
71$1,008,905$0$0$776,079
72$1,048,718$0$0$806,810
73$1,090,605$0$0$839,150
74$1,134,714$0$0$873,216
75$1,181,207$0$0$909,133
76$1,230,262$0$0$947,040
77$1,282,069$0$0$987,086
78$1,336,841$0$0$1,029,435
79$1,394,805$0$0$1,074,266
80$1,456,212$0$0$1,121,775
81$1,521,335$0$0$1,172,175
82$1,590,474$0$0$1,225,698
83$1,663,954$0$0$1,282,601
84$1,742,134$0$0$1,343,162
85$1,825,404$0$0$1,407,687
86$1,914,194$0$0$1,476,511
87$2,008,972$0$0$1,550,000
88$2,110,253$0$0$1,628,555
89$2,218,600$0$0$1,712,618
90$2,334,631$0$0$1,802,670
91$2,459,023$0$0$1,899,242
92$2,592,521$0$0$2,002,913
93$2,735,940$0$0$2,114,323
94$2,890,176$0$0$2,234,171
95$3,056,212$0$0$2,363,225
96$3,235,127$0$0$2,502,329
97$3,428,108$0$0$2,652,411
98$3,636,457$0$0$2,814,489
99$3,861,606$0$0$2,989,682
100$4,105,129$0$0$3,179,220