Can I retire at age 48 with 460,000?

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 $460,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$37,986$37,648$37,318$36,996$36,681$35,464
2 years$18,805$18,455$18,115$17,786$17,467$16,253
3 years$12,412$12,060$11,722$11,396$11,082$9,909
4 years$9,216$8,866$8,531$8,210$7,904$6,780
5 years$7,299$6,951$6,620$6,306$6,008$4,938
6 years$6,022$5,676$5,350$5,043$4,754$3,737
7 years$5,110$4,767$4,446$4,146$3,866$2,903
8 years$4,426$4,086$3,770$3,478$3,208$2,297
9 years$3,894$3,557$3,247$2,963$2,701$1,842
10 years$3,469$3,136$2,831$2,554$2,302$1,493
11 years$3,122$2,792$2,493$2,223$1,979$1,220
12 years$2,832$2,506$2,212$1,949$1,715$1,003
13 years$2,588$2,264$1,976$1,721$1,496$828
14 years$2,378$2,058$1,776$1,528$1,311$687
15 years$2,197$1,880$1,603$1,363$1,154$572
16 years$2,038$1,725$1,454$1,220$1,020$478
17 years$1,898$1,589$1,323$1,096$905$399
18 years$1,774$1,468$1,207$988$804$335
19 years$1,663$1,361$1,105$893$717$281
20 years$1,563$1,264$1,014$808$640$236
21 years$1,473$1,178$933$734$573$199
22 years$1,391$1,099$860$667$514$167
23 years$1,317$1,028$794$608$461$141
24 years$1,249$963$734$554$414$119
25 years$1,186$904$680$506$373$100
26 years$1,128$850$631$463$336$85
27 years$1,075$800$586$424$303$71
28 years$1,025$753$545$388$273$60
29 years$979$711$507$356$247$51
30 years$936$671$472$327$223$43
31 years$896$635$440$300$202$36
32 years$859$600$411$276$182$31
33 years$824$569$383$253$165$26
34 years$791$539$358$233$149$22
35 years$760$511$335$215$135$19
36 years$731$485$313$198$123$16
37 years$703$461$293$182$111$13
38 years$677$438$275$168$101$11
39 years$652$416$257$155$91$10
40 years$629$396$241$143$83$8
41 years$607$377$226$132$75$7
42 years$586$359$212$122$68$6
43 years$566$342$199$112$62$5
44 years$547$326$187$104$56$4
45 years$528$311$175$96$51$3
46 years$511$297$165$88$46$3
47 years$495$283$155$82$42$2
48 years$479$270$145$75$38$2
49 years$464$258$137$70$35$2
50 years$449$247$129$64$32$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $460,000, adding $4,201 every year, while hoping to spend $21,340 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: 67/20/13 Blend
47$460,000$460,000$460,000$460,000
48$511,253$486,873$479,743$543,723
49$540,696$488,025$473,109$567,042
50$572,426$488,517$465,537$589,615
51$606,655$488,296$456,974$613,752
52$643,614$487,303$447,363$639,603
53$683,558$485,476$436,646$667,337
54$726,766$482,750$424,759$697,137
55$773,547$479,055$411,639$729,209
56$824,238$474,318$397,218$763,775
57$879,211$468,460$381,425$801,086
58$938,874$461,398$364,187$841,416
59$1,003,678$453,045$345,425$885,068
60$1,074,116$443,307$325,060$932,376
61$1,150,732$432,086$303,006$983,712
62$1,234,126$419,278$279,176$1,039,481
63$1,324,956$404,771$253,478$1,100,137
64$1,423,946$388,450$225,814$1,166,175
65$1,531,895$370,190$196,085$1,238,146
66$1,649,679$349,860$164,184$1,316,657
67$1,778,266$327,323$130,004$1,402,377
68$1,918,718$302,431$93,429$1,496,045
69$2,072,207$275,030$54,338$1,598,479
70$2,240,023$244,957$12,609$1,710,577
71$2,423,583$212,038$0$1,833,335
72$2,624,452$176,091$0$1,972,279
73$2,844,350$136,923$0$2,126,345
74$3,085,172$94,330$0$2,295,139
75$3,349,004$48,098$0$2,480,157
76$3,638,146$0$0$2,683,048
77$3,955,128$0$0$2,906,071
78$4,302,737$0$0$3,162,279
79$4,684,044$0$0$3,443,353
80$5,102,432$0$0$3,751,791
81$5,561,624$0$0$4,090,341
82$6,065,724$0$0$4,462,033
83$6,619,252$0$0$4,870,204
84$7,227,186$0$0$5,318,530
85$7,895,013$0$0$5,811,059
86$8,628,773$0$0$6,352,252
87$9,435,124$0$0$6,947,023
88$10,321,398$0$0$7,600,786
89$11,295,675$0$0$8,319,507
90$12,366,855$0$0$9,109,755
91$13,544,744$0$0$9,978,770
92$14,840,147$0$0$10,934,529
93$16,264,967$0$0$11,985,821
94$17,832,320$0$0$13,142,327
95$19,556,654$0$0$14,414,717
96$21,453,892$0$0$15,814,744
97$23,541,575$0$0$17,355,360
98$25,839,033$0$0$19,050,836
99$28,367,563$0$0$20,916,895
100$31,150,630$0$0$22,970,862