Can I retire at age 48 with 475,000?

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 $475,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$39,225$38,876$38,535$38,202$37,877$36,962
2 years$19,418$19,057$18,706$18,366$18,037$17,120
3 years$12,817$12,454$12,104$11,768$11,443$10,554
4 years$9,517$9,155$8,809$8,478$8,161$7,306
5 years$7,537$7,178$6,836$6,512$6,204$5,385
6 years$6,218$5,861$5,524$5,208$4,909$4,128
7 years$5,276$4,922$4,591$4,281$3,992$3,248
8 years$4,570$4,219$3,893$3,592$3,312$2,605
9 years$4,021$3,673$3,353$3,059$2,789$2,119
10 years$3,582$3,238$2,924$2,637$2,377$1,742
11 years$3,223$2,883$2,574$2,295$2,044$1,444
12 years$2,925$2,587$2,284$2,013$1,771$1,206
13 years$2,672$2,338$2,041$1,777$1,545$1,012
14 years$2,456$2,125$1,834$1,578$1,354$853
15 years$2,268$1,941$1,656$1,407$1,192$721
16 years$2,104$1,781$1,501$1,260$1,054$612
17 years$1,960$1,640$1,366$1,132$934$521
18 years$1,832$1,516$1,247$1,020$831$444
19 years$1,717$1,405$1,141$922$740$379
20 years$1,614$1,306$1,048$835$661$324
21 years$1,521$1,216$964$758$592$278
22 years$1,437$1,135$888$689$530$238
23 years$1,360$1,062$820$627$476$204
24 years$1,289$995$758$572$428$175
25 years$1,225$933$702$523$385$151
26 years$1,165$877$651$478$347$130
27 years$1,110$826$605$437$313$111
28 years$1,059$778$562$401$282$96
29 years$1,011$734$523$367$255$83
30 years$967$693$487$337$230$71
31 years$926$655$454$310$208$61
32 years$887$620$424$285$188$53
33 years$851$587$396$262$170$45
34 years$817$556$370$241$154$39
35 years$785$528$346$222$140$34
36 years$754$501$323$204$127$29
37 years$726$476$303$188$115$25
38 years$699$452$284$173$104$22
39 years$674$430$266$160$94$19
40 years$649$409$249$147$86$16
41 years$626$389$233$136$78$14
42 years$605$371$219$126$70$12
43 years$584$353$206$116$64$10
44 years$564$337$193$107$58$9
45 years$546$321$181$99$53$8
46 years$528$306$170$91$48$7
47 years$511$292$160$84$43$6
48 years$494$279$150$78$39$5
49 years$479$267$141$72$36$4
50 years$464$255$133$67$33$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $475,000, adding $3,783 every year, while hoping to spend $37,267 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: 58/27/15 Blend
47$475,000$475,000$475,000$475,000
48$527,352$502,177$494,815$555,701
49$541,490$487,132$471,739$560,270
50$555,821$470,101$446,642$560,812
51$570,326$450,946$419,415$560,537
52$584,981$429,525$389,947$559,371
53$599,760$405,682$358,121$557,237
54$614,633$379,258$323,815$554,050
55$629,564$350,080$286,902$549,720
56$644,513$317,968$247,247$544,148
57$659,436$282,730$204,712$537,232
58$674,279$244,165$159,151$528,858
59$688,986$202,060$110,413$518,904
60$703,490$156,188$58,338$507,241
61$717,716$106,311$2,763$493,728
62$731,581$52,178$0$478,213
63$744,990$0$0$469,583
64$757,840$0$0$461,598
65$770,011$0$0$468,659
66$781,372$0$0$475,181
67$791,776$0$0$481,067
68$801,058$0$0$486,212
69$809,036$0$0$490,498
70$815,504$0$0$493,795
71$820,237$0$0$495,955
72$822,981$0$0$496,818
73$823,457$0$0$496,202
74$821,351$0$0$493,907
75$816,319$0$0$489,712
76$807,975$0$0$483,370
77$795,895$0$0$474,608
78$779,607$0$0$463,122
79$758,586$0$0$448,579
80$732,255$0$0$430,606
81$699,971$0$0$408,793
82$661,024$0$0$382,684
83$614,629$0$0$351,776
84$559,917$0$0$315,512
85$495,925$0$0$273,277
86$421,592$0$0$224,389
87$335,741$0$0$168,097
88$237,075$0$0$103,569
89$124,159$0$0$29,887
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