Can I retire at age 48 with 550,000?

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 $550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$45,418$45,014$44,619$44,234$43,858$43,149
2 years$22,484$22,066$21,660$21,266$20,885$20,172
3 years$14,841$14,420$14,015$13,626$13,250$12,557
4 years$11,020$10,600$10,200$9,816$9,450$8,781
5 years$8,728$8,311$7,915$7,540$7,184$6,541
6 years$7,200$6,786$6,397$6,030$5,684$5,068
7 years$6,109$5,699$5,316$4,957$4,623$4,034
8 years$5,292$4,885$4,508$4,159$3,835$3,273
9 years$4,656$4,254$3,883$3,542$3,230$2,694
10 years$4,148$3,749$3,385$3,053$2,752$2,242
11 years$3,732$3,338$2,980$2,657$2,367$1,883
12 years$3,386$2,996$2,645$2,331$2,051$1,592
13 years$3,094$2,707$2,363$2,058$1,788$1,354
14 years$2,843$2,461$2,123$1,827$1,568$1,157
15 years$2,626$2,248$1,917$1,629$1,380$992
16 years$2,437$2,063$1,738$1,459$1,220$854
17 years$2,270$1,900$1,582$1,311$1,082$737
18 years$2,121$1,755$1,444$1,181$962$637
19 years$1,989$1,627$1,322$1,067$857$552
20 years$1,869$1,512$1,213$967$766$480
21 years$1,762$1,408$1,116$877$685$417
22 years$1,664$1,314$1,028$798$614$363
23 years$1,575$1,229$949$726$551$316
24 years$1,493$1,152$878$663$496$276
25 years$1,418$1,081$813$605$446$241
26 years$1,349$1,016$754$553$402$211
27 years$1,285$956$700$506$362$184
28 years$1,226$901$651$464$327$161
29 years$1,171$850$606$425$295$141
30 years$1,120$803$564$390$267$123
31 years$1,072$759$526$359$241$108
32 years$1,027$718$491$330$218$95
33 years$985$680$458$303$197$83
34 years$946$644$428$279$179$73
35 years$908$611$400$257$162$64
36 years$874$580$375$236$147$56
37 years$841$551$351$218$133$49
38 years$809$524$328$201$120$43
39 years$780$498$308$185$109$38
40 years$752$474$288$171$99$33
41 years$725$451$270$158$90$29
42 years$700$429$254$145$82$25
43 years$676$409$238$134$74$22
44 years$653$390$223$124$67$20
45 years$632$372$210$114$61$17
46 years$611$355$197$106$55$15
47 years$591$339$185$98$50$13
48 years$572$323$174$90$46$12
49 years$554$309$163$83$41$10
50 years$537$295$154$77$38$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $550,000, adding $5,102 every year, while hoping to spend $24,009 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: 64/18/18 Blend
47$550,000$550,000$550,000$550,000
48$611,363$582,213$573,688$647,417
49$648,176$585,196$567,361$675,236
50$687,940$587,520$560,017$702,418
51$730,930$589,129$551,598$731,541
52$777,449$589,960$542,040$762,797
53$827,829$589,948$531,279$796,396
54$882,437$589,025$519,247$832,571
55$941,676$587,118$505,871$871,577
56$1,005,987$584,147$491,079$913,700
57$1,075,859$580,031$474,791$959,252
58$1,151,826$574,682$456,926$1,008,579
59$1,234,478$568,008$437,399$1,062,065
60$1,324,464$559,909$416,120$1,120,130
61$1,422,496$550,281$392,997$1,183,241
62$1,529,360$539,014$367,932$1,251,913
63$1,645,919$525,991$340,822$1,326,715
64$1,773,126$511,087$311,563$1,408,273
65$1,912,026$494,172$280,042$1,497,282
66$2,063,773$475,106$246,143$1,594,505
67$2,229,634$453,743$209,745$1,700,788
68$2,411,007$429,926$170,722$1,817,063
69$2,609,429$403,492$128,940$1,944,359
70$2,826,594$374,267$84,263$2,083,811
71$3,064,367$342,066$36,546$2,236,674
72$3,324,800$306,695$0$2,404,331
73$3,610,156$267,949$0$2,591,070
74$3,922,924$225,610$0$2,803,485
75$4,265,846$179,450$0$3,036,441
76$4,641,945$129,225$0$3,292,021
77$5,054,547$74,680$0$3,572,525
78$5,507,316$15,545$0$3,880,485
79$6,004,290$0$0$4,218,695
80$6,549,915$0$0$4,599,833
81$7,149,089$0$0$5,021,798
82$7,807,208$0$0$5,485,317
83$8,530,216$0$0$5,994,580
84$9,324,661$0$0$6,554,205
85$10,197,757$0$0$7,169,280
86$11,157,450$0$0$7,845,408
87$12,212,498$0$0$8,588,765
88$13,372,545$0$0$9,406,153
89$14,648,220$0$0$10,305,066
90$16,051,232$0$0$11,293,762
91$17,594,481$0$0$12,381,338
92$19,292,181$0$0$13,577,820
93$21,159,993$0$0$14,894,250
94$23,215,172$0$0$16,342,799
95$25,476,730$0$0$17,936,873
96$27,965,616$0$0$19,691,247
97$30,704,912$0$0$21,622,199
98$33,720,050$0$0$23,747,664
99$37,039,054$0$0$26,087,408
100$40,692,803$0$0$28,663,205