Can I retire at age 48 with 420,000?

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 $420,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$34,683$34,374$34,073$33,779$33,491$33,045
2 years$17,170$16,850$16,540$16,240$15,948$15,500
3 years$11,333$11,012$10,703$10,405$10,118$9,681
4 years$8,415$8,095$7,789$7,496$7,216$6,794
5 years$6,665$6,346$6,044$5,758$5,486$5,079
6 years$5,498$5,182$4,885$4,605$4,341$3,951
7 years$4,665$4,352$4,059$3,786$3,530$3,157
8 years$4,041$3,731$3,443$3,176$2,929$2,571
9 years$3,556$3,248$2,965$2,705$2,466$2,125
10 years$3,167$2,863$2,585$2,332$2,101$1,777
11 years$2,850$2,549$2,276$2,029$1,807$1,498
12 years$2,586$2,288$2,020$1,780$1,566$1,273
13 years$2,363$2,067$1,805$1,571$1,366$1,087
14 years$2,171$1,879$1,621$1,395$1,197$933
15 years$2,006$1,717$1,464$1,244$1,054$804
16 years$1,861$1,575$1,327$1,114$932$696
17 years$1,733$1,451$1,208$1,001$826$603
18 years$1,620$1,340$1,102$902$734$525
19 years$1,518$1,242$1,009$815$655$457
20 years$1,427$1,154$926$738$585$399
21 years$1,345$1,075$852$670$523$349
22 years$1,270$1,004$785$609$469$305
23 years$1,202$939$725$555$421$267
24 years$1,140$880$671$506$378$234
25 years$1,083$825$621$462$341$206
26 years$1,030$776$576$422$307$181
27 years$981$730$535$387$277$159
28 years$936$688$497$354$250$140
29 years$894$649$463$325$225$123
30 years$855$613$431$298$204$108
31 years$818$579$402$274$184$95
32 years$784$548$375$252$167$84
33 years$752$519$350$231$151$74
34 years$722$492$327$213$136$65
35 years$694$467$306$196$124$58
36 years$667$443$286$181$112$51
37 years$642$421$268$166$101$45
38 years$618$400$251$153$92$40
39 years$596$380$235$141$83$35
40 years$574$362$220$130$76$31
41 years$554$344$206$120$69$27
42 years$535$328$194$111$62$24
43 years$516$312$182$102$57$21
44 years$499$298$171$95$51$19
45 years$482$284$160$87$47$17
46 years$467$271$150$81$42$15
47 years$452$259$141$75$38$13
48 years$437$247$133$69$35$11
49 years$423$236$125$64$32$10
50 years$410$225$117$59$29$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $420,000, adding $6,171 every year, while hoping to spend $29,110 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: 33/49/18 Blend
47$420,000$420,000$420,000$420,000
48$469,205$446,945$440,435$481,894
49$486,092$437,873$424,217$482,733
50$503,724$427,380$406,480$480,515
51$522,149$415,367$387,142$477,507
52$541,416$401,727$366,119$473,657
53$561,577$386,348$343,320$468,911
54$582,689$369,111$318,653$463,210
55$604,816$349,890$292,020$456,495
56$628,024$328,552$263,320$448,703
57$652,388$304,956$232,447$439,768
58$677,986$278,953$199,288$429,623
59$704,906$250,387$163,729$418,197
60$733,241$219,091$125,649$405,415
61$763,094$184,888$84,920$391,201
62$794,576$147,595$41,412$375,477
63$827,809$107,013$0$358,160
64$862,926$62,937$0$340,129
65$900,072$15,148$0$328,883
66$939,403$0$0$316,399
67$981,094$0$0$322,340
68$1,025,332$0$0$337,343
69$1,072,323$0$0$353,313
70$1,122,294$0$0$370,330
71$1,175,490$0$0$388,485
72$1,232,181$0$0$407,873
73$1,292,665$0$0$428,602
74$1,357,264$0$0$450,787
75$1,426,333$0$0$474,556
76$1,500,262$0$0$500,051
77$1,579,478$0$0$527,424
78$1,664,449$0$0$556,845
79$1,755,689$0$0$588,500
80$1,853,762$0$0$622,591
81$1,959,286$0$0$659,342
82$2,072,941$0$0$698,999
83$2,195,475$0$0$741,831
84$2,327,706$0$0$788,137
85$2,470,536$0$0$838,240
86$2,624,955$0$0$892,500
87$2,792,051$0$0$951,310
88$2,973,020$0$0$1,015,104
89$3,169,178$0$0$1,084,357
90$3,381,970$0$0$1,159,595
91$3,612,988$0$0$1,241,393
92$3,863,980$0$0$1,330,384
93$4,136,872$0$0$1,427,268
94$4,433,779$0$0$1,532,811
95$4,757,032$0$0$1,647,859
96$5,109,193$0$0$1,773,340
97$5,493,083$0$0$1,910,279
98$5,911,807$0$0$2,059,801
99$6,368,781$0$0$2,223,146
100$6,867,767$0$0$2,401,680