Can I retire at age 48 with 500,000?

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 $500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$41,290$40,922$40,563$40,213$39,871$38,938
2 years$20,440$20,060$19,691$19,333$18,986$18,052
3 years$13,492$13,109$12,741$12,387$12,046$11,139
4 years$10,018$9,637$9,272$8,924$8,591$7,719
5 years$7,934$7,555$7,196$6,855$6,531$5,696
6 years$6,545$6,169$5,815$5,482$5,168$4,370
7 years$5,554$5,181$4,832$4,507$4,203$3,443
8 years$4,811$4,441$4,098$3,781$3,486$2,765
9 years$4,233$3,867$3,530$3,220$2,936$2,251
10 years$3,771$3,408$3,077$2,776$2,502$1,853
11 years$3,393$3,034$2,709$2,416$2,152$1,539
12 years$3,079$2,723$2,404$2,119$1,864$1,286
13 years$2,813$2,461$2,148$1,871$1,626$1,081
14 years$2,585$2,237$1,930$1,661$1,425$912
15 years$2,388$2,044$1,743$1,481$1,255$773
16 years$2,215$1,875$1,580$1,326$1,109$657
17 years$2,063$1,727$1,438$1,191$983$559
18 years$1,928$1,596$1,312$1,074$874$477
19 years$1,808$1,479$1,202$970$779$408
20 years$1,699$1,374$1,103$879$696$350
21 years$1,601$1,280$1,014$798$623$300
22 years$1,512$1,195$935$725$558$258
23 years$1,431$1,118$863$660$501$221
24 years$1,357$1,047$798$602$451$190
25 years$1,289$983$739$550$405$164
26 years$1,226$923$686$503$365$141
27 years$1,168$869$637$460$329$122
28 years$1,114$819$592$422$297$105
29 years$1,064$773$551$387$268$90
30 years$1,018$730$513$355$242$78
31 years$974$690$478$326$219$67
32 years$934$653$446$300$198$58
33 years$895$618$417$276$179$50
34 years$860$586$389$254$162$43
35 years$826$556$364$233$147$37
36 years$794$527$341$215$133$32
37 years$764$501$319$198$121$28
38 years$736$476$298$183$110$24
39 years$709$453$280$168$99$21
40 years$684$431$262$155$90$18
41 years$659$410$246$143$82$16
42 years$637$390$231$132$74$13
43 years$615$372$216$122$67$12
44 years$594$355$203$113$61$10
45 years$574$338$191$104$55$9
46 years$555$323$179$96$50$7
47 years$538$308$168$89$46$6
48 years$520$294$158$82$42$6
49 years$504$281$149$76$38$5
50 years$488$268$140$70$34$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $500,000, adding $4,675 every year, while hoping to spend $37,912 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: 72/11/17 Blend
47$500,000$500,000$500,000$500,000
48$555,822$529,322$521,572$593,320
49$572,178$514,921$498,707$604,436
50$588,931$498,543$473,805$611,571
51$606,083$480,053$446,758$618,405
52$623,632$459,304$417,453$624,900
53$641,577$436,144$385,772$631,017
54$659,913$410,410$351,591$636,713
55$678,636$381,932$314,781$641,941
56$697,738$350,528$275,207$646,650
57$717,210$316,007$232,729$650,786
58$737,040$278,165$187,200$654,292
59$757,212$236,790$138,465$657,103
60$777,710$191,654$86,365$659,151
61$798,510$142,519$30,733$660,362
62$819,589$89,134$0$660,657
63$840,917$31,231$0$665,143
64$862,458$0$0$674,821
65$884,173$0$0$687,852
66$906,016$0$0$704,752
67$927,934$0$0$721,698
68$949,867$0$0$738,642
69$971,747$0$0$755,529
70$993,495$0$0$772,298
71$1,015,025$0$0$788,877
72$1,036,238$0$0$805,188
73$1,057,020$0$0$821,143
74$1,077,248$0$0$836,640
75$1,096,780$0$0$851,567
76$1,115,459$0$0$865,799
77$1,133,107$0$0$879,196
78$1,149,527$0$0$891,598
79$1,164,498$0$0$902,832
80$1,177,774$0$0$912,701
81$1,189,082$0$0$920,986
82$1,198,115$0$0$927,445
83$1,204,533$0$0$931,807
84$1,207,959$0$0$933,772
85$1,207,971$0$0$933,005
86$1,204,105$0$0$929,135
87$1,195,840$0$0$921,751
88$1,182,604$0$0$910,396
89$1,163,759$0$0$894,563
90$1,138,597$0$0$873,692
91$1,106,338$0$0$847,160
92$1,066,114$0$0$814,279
93$1,016,965$0$0$774,286
94$957,829$0$0$726,339
95$887,532$0$0$669,502
96$804,772$0$0$602,744
97$708,111$0$0$524,922
98$595,962$0$0$434,775
99$466,564$0$0$330,906
100$317,978$0$0$211,774