Can I retire at age 48 with 450,000?

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 $450,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$37,161$36,830$36,507$36,191$35,884$35,687
2 years$18,396$18,054$17,722$17,400$17,087$16,889
3 years$12,142$11,798$11,467$11,148$10,841$10,647
4 years$9,016$8,673$8,345$8,032$7,732$7,544
5 years$7,141$6,800$6,476$6,169$5,878$5,696
6 years$5,891$5,552$5,234$4,933$4,651$4,476
7 years$4,999$4,663$4,349$4,056$3,782$3,614
8 years$4,330$3,997$3,688$3,403$3,138$2,976
9 years$3,810$3,480$3,177$2,898$2,642$2,488
10 years$3,394$3,068$2,770$2,498$2,252$2,104
11 years$3,054$2,731$2,438$2,174$1,936$1,795
12 years$2,771$2,451$2,164$1,907$1,678$1,543
13 years$2,531$2,215$1,933$1,684$1,463$1,334
14 years$2,326$2,013$1,737$1,495$1,283$1,160
15 years$2,149$1,839$1,568$1,333$1,129$1,013
16 years$1,994$1,688$1,422$1,193$998$887
17 years$1,857$1,554$1,294$1,072$885$780
18 years$1,735$1,436$1,181$966$787$687
19 years$1,627$1,331$1,081$873$701$607
20 years$1,529$1,237$992$791$627$537
21 years$1,441$1,152$913$718$561$476
22 years$1,361$1,075$841$653$503$423
23 years$1,288$1,006$777$594$451$376
24 years$1,222$942$718$542$405$334
25 years$1,160$884$665$495$365$298
26 years$1,104$831$617$453$329$266
27 years$1,051$782$573$414$296$237
28 years$1,003$737$533$380$267$212
29 years$958$695$496$348$241$189
30 years$916$657$462$319$218$169
31 years$877$621$430$293$197$151
32 years$840$587$402$270$178$136
33 years$806$556$375$248$161$121
34 years$774$527$350$228$146$109
35 years$743$500$328$210$132$97
36 years$715$475$306$193$120$87
37 years$688$451$287$178$109$78
38 years$662$428$269$164$99$70
39 years$638$407$252$151$89$63
40 years$615$388$236$140$81$56
41 years$594$369$221$129$74$51
42 years$573$351$207$119$67$45
43 years$553$335$195$110$61$41
44 years$535$319$183$101$55$37
45 years$517$304$172$94$50$33
46 years$500$290$161$86$45$30
47 years$484$277$151$80$41$26
48 years$468$264$142$74$37$24
49 years$454$253$134$68$34$21
50 years$439$241$126$63$31$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $450,000, adding $3,813 every year, while hoping to spend $44,640 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: 82/6/12 Blend
47$450,000$450,000$450,000$450,000
48$499,833$475,983$469,008$539,438
49$503,319$451,810$437,223$541,784
50$505,665$424,956$402,877$538,090
51$506,707$395,242$365,838$532,707
52$506,263$362,481$325,966$525,443
53$504,132$326,473$283,115$516,086
54$500,090$287,006$237,136$504,400
55$493,888$243,859$187,869$490,129
56$485,252$196,795$135,150$472,987
57$473,876$145,566$78,806$452,664
58$459,422$89,910$18,656$428,814
59$441,516$29,548$0$401,058
60$419,743$0$0$374,810
61$393,645$0$0$349,073
62$362,715$0$0$320,914
63$326,390$0$0$287,874
64$284,050$0$0$249,391
65$235,010$0$0$204,847
66$178,510$0$0$153,554
67$113,712$0$0$94,756
68$39,690$0$0$27,615
69$0$0$0$0
70$0$0$0$0
71$0$0$0$0
72$0$0$0$0
73$0$0$0$0
74$0$0$0$0
75$0$0$0$0
76$0$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
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