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%11.7%
1 years$45,418$45,014$44,619$44,234$43,858$43,545
2 years$22,484$22,066$21,660$21,266$20,885$20,569
3 years$14,841$14,420$14,015$13,626$13,250$12,942
4 years$11,020$10,600$10,200$9,816$9,450$9,151
5 years$8,728$8,311$7,915$7,540$7,184$6,895
6 years$7,200$6,786$6,397$6,030$5,684$5,407
7 years$6,109$5,699$5,316$4,957$4,623$4,356
8 years$5,292$4,885$4,508$4,159$3,835$3,579
9 years$4,656$4,254$3,883$3,542$3,230$2,985
10 years$4,148$3,749$3,385$3,053$2,752$2,518
11 years$3,732$3,338$2,980$2,657$2,367$2,143
12 years$3,386$2,996$2,645$2,331$2,051$1,838
13 years$3,094$2,707$2,363$2,058$1,788$1,585
14 years$2,843$2,461$2,123$1,827$1,568$1,374
15 years$2,626$2,248$1,917$1,629$1,380$1,197
16 years$2,437$2,063$1,738$1,459$1,220$1,046
17 years$2,270$1,900$1,582$1,311$1,082$916
18 years$2,121$1,755$1,444$1,181$962$805
19 years$1,989$1,627$1,322$1,067$857$709
20 years$1,869$1,512$1,213$967$766$626
21 years$1,762$1,408$1,116$877$685$553
22 years$1,664$1,314$1,028$798$614$490
23 years$1,575$1,229$949$726$551$434
24 years$1,493$1,152$878$663$496$385
25 years$1,418$1,081$813$605$446$342
26 years$1,349$1,016$754$553$402$304
27 years$1,285$956$700$506$362$270
28 years$1,226$901$651$464$327$241
29 years$1,171$850$606$425$295$215
30 years$1,120$803$564$390$267$191
31 years$1,072$759$526$359$241$171
32 years$1,027$718$491$330$218$152
33 years$985$680$458$303$197$136
34 years$946$644$428$279$179$121
35 years$908$611$400$257$162$108
36 years$874$580$375$236$147$97
37 years$841$551$351$218$133$86
38 years$809$524$328$201$120$77
39 years$780$498$308$185$109$69
40 years$752$474$288$171$99$62
41 years$725$451$270$158$90$55
42 years$700$429$254$145$82$49
43 years$676$409$238$134$74$44
44 years$653$390$223$124$67$39
45 years$632$372$210$114$61$35
46 years$611$355$197$106$55$32
47 years$591$339$185$98$50$28
48 years$572$323$174$90$46$25
49 years$554$309$163$83$41$23
50 years$537$295$154$77$38$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $550,000, adding $3,427 every year, while hoping to spend $25,962 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: 57/23/20 Blend
47$550,000$550,000$550,000$550,000
48$609,635$580,485$571,960$640,945
49$644,194$581,305$563,497$663,473
50$681,409$581,296$553,881$684,925
51$721,521$580,388$543,045$707,731
52$764,800$578,510$530,920$732,027
53$811,537$575,586$517,434$757,964
54$862,057$571,532$502,511$785,710
55$916,714$566,264$486,072$815,451
56$975,898$559,690$468,035$847,392
57$1,040,037$551,713$448,311$881,761
58$1,109,604$542,229$426,813$918,812
59$1,185,115$531,131$403,443$958,823
60$1,267,143$518,302$378,104$1,002,105
61$1,356,313$503,621$350,693$1,049,002
62$1,453,317$486,958$321,100$1,099,893
63$1,558,912$468,176$289,214$1,155,198
64$1,673,935$447,130$254,917$1,215,384
65$1,799,305$423,668$218,085$1,280,965
66$1,936,033$397,627$178,590$1,352,512
67$2,085,234$368,836$136,298$1,430,655
68$2,248,132$337,113$91,068$1,516,090
69$2,426,077$302,267$42,754$1,609,591
70$2,620,555$264,096$0$1,712,008
71$2,833,200$222,386$0$1,826,164
72$3,065,814$176,910$0$1,961,081
73$3,320,378$127,430$0$2,108,814
74$3,599,077$73,694$0$2,270,671
75$3,904,313$15,435$0$2,448,100
76$4,238,734$0$0$2,642,694
77$4,605,257$0$0$2,868,267
78$5,007,091$0$0$3,119,904
79$5,447,773$0$0$3,395,918
80$5,931,198$0$0$3,698,757
81$6,461,657$0$0$4,031,113
82$7,043,875$0$0$4,395,955
83$7,683,058$0$0$4,796,551
84$8,384,940$0$0$5,236,502
85$9,155,838$0$0$5,719,775
86$10,002,709$0$0$6,250,741
87$10,933,221$0$0$6,834,213
88$11,955,816$0$0$7,475,495
89$13,079,800$0$0$8,180,430
90$14,315,422$0$0$8,955,454
91$15,673,974$0$0$9,807,661
92$17,167,897$0$0$10,744,864
93$18,810,898$0$0$11,775,671
94$20,618,080$0$0$12,909,567
95$22,606,081$0$0$14,157,004
96$24,793,234$0$0$15,529,494
97$27,199,738$0$0$17,039,726
98$29,847,851$0$0$18,701,678
99$32,762,094$0$0$20,530,751
100$35,969,486$0$0$22,543,917