Can I retire at age 48 with 440,000?

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 $440,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$36,335$36,011$35,695$35,387$35,086$34,533
2 years$17,988$17,653$17,328$17,013$16,708$16,152
3 years$11,873$11,536$11,212$10,900$10,600$10,059
4 years$8,816$8,480$8,160$7,853$7,560$7,038
5 years$6,982$6,649$6,332$6,032$5,747$5,245
6 years$5,760$5,429$5,117$4,824$4,547$4,066
7 years$4,887$4,559$4,253$3,966$3,698$3,238
8 years$4,233$3,908$3,607$3,327$3,068$2,629
9 years$3,725$3,403$3,106$2,834$2,584$2,165
10 years$3,318$2,999$2,708$2,443$2,201$1,803
11 years$2,986$2,670$2,384$2,126$1,893$1,515
12 years$2,709$2,397$2,116$1,865$1,641$1,282
13 years$2,475$2,166$1,890$1,646$1,431$1,091
14 years$2,275$1,969$1,699$1,461$1,254$933
15 years$2,101$1,798$1,534$1,303$1,104$801
16 years$1,949$1,650$1,390$1,167$976$689
17 years$1,816$1,520$1,265$1,049$865$595
18 years$1,697$1,404$1,155$945$769$515
19 years$1,591$1,301$1,057$854$686$447
20 years$1,495$1,209$970$773$613$388
21 years$1,409$1,126$893$702$548$338
22 years$1,331$1,051$823$638$491$294
23 years$1,260$983$760$581$441$257
24 years$1,194$921$702$530$396$224
25 years$1,134$865$651$484$357$196
26 years$1,079$813$603$443$321$171
27 years$1,028$765$560$405$290$150
28 years$981$721$521$371$261$131
29 years$937$680$485$340$236$115
30 years$896$642$452$312$213$101
31 years$857$607$421$287$193$88
32 years$822$574$393$264$174$77
33 years$788$544$367$242$158$68
34 years$756$515$343$223$143$60
35 years$727$489$320$205$129$52
36 years$699$464$300$189$117$46
37 years$672$441$280$174$106$40
38 years$648$419$263$161$96$35
39 years$624$398$246$148$87$31
40 years$602$379$231$137$79$27
41 years$580$361$216$126$72$24
42 years$560$344$203$116$65$21
43 years$541$327$190$107$59$18
44 years$523$312$179$99$54$16
45 years$505$298$168$92$49$14
46 years$489$284$158$85$44$12
47 years$473$271$148$78$40$11
48 years$458$259$139$72$37$10
49 years$443$247$131$67$33$8
50 years$430$236$123$62$30$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $440,000, adding $3,761 every year, while hoping to spend $20,184 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: 27/44/29 Blend
47$440,000$440,000$440,000$440,000
48$488,759$465,439$458,619$497,481
49$517,137$466,770$452,508$506,198
50$547,733$467,490$445,515$513,577
51$580,752$467,547$437,589$521,094
52$616,419$466,887$428,679$528,774
53$654,982$465,453$418,728$536,646
54$696,712$463,182$407,677$544,748
55$741,909$460,010$395,466$553,118
56$790,901$455,868$382,032$561,805
57$844,049$450,682$367,306$570,861
58$901,752$444,375$351,221$580,349
59$964,446$436,865$333,702$590,339
60$1,032,613$428,064$314,674$600,910
61$1,106,781$417,881$294,058$612,155
62$1,187,533$406,217$271,769$624,176
63$1,275,509$392,970$247,720$637,089
64$1,371,414$378,028$221,822$651,028
65$1,476,024$361,278$193,979$666,141
66$1,590,193$342,595$164,093$682,596
67$1,714,862$321,851$132,059$700,581
68$1,851,065$298,909$97,769$720,310
69$1,999,940$273,622$61,112$742,020
70$2,162,743$245,839$21,968$765,979
71$2,340,855$215,397$0$792,486
72$2,535,796$182,125$0$828,004
73$2,749,240$145,842$0$874,433
74$2,983,031$106,357$0$925,428
75$3,239,200$63,468$0$981,499
76$3,519,983$16,963$0$1,043,213
77$3,827,843$0$0$1,111,199
78$4,165,493$0$0$1,202,318
79$4,535,920$0$0$1,311,367
80$4,942,416$0$0$1,431,110
81$5,388,604$0$0$1,562,626
82$5,878,479$0$0$1,707,102
83$6,416,439$0$0$1,865,844
84$7,007,329$0$0$2,040,293
85$7,656,486$0$0$2,232,037
86$8,369,792$0$0$2,442,822
87$9,153,723$0$0$2,674,576
88$10,015,417$0$0$2,929,420
89$10,962,737$0$0$3,209,693
90$12,004,344$0$0$3,517,969
91$13,149,782$0$0$3,857,088
92$14,409,566$0$0$4,230,176
93$15,795,281$0$0$4,640,679
94$17,319,692$0$0$5,092,392
95$18,996,860$0$0$5,589,498
96$20,842,283$0$0$6,136,606
97$22,873,033$0$0$6,738,794
98$25,107,921$0$0$7,401,657
99$27,567,677$0$0$8,131,360
100$30,275,137$0$0$8,934,698