Can I retire at age 48 with 575,000?

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 $575,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$47,483$47,060$46,647$46,245$45,851$44,688
2 years$23,506$23,069$22,644$22,233$21,834$20,670
3 years$15,515$15,076$14,652$14,245$13,852$12,724
4 years$11,520$11,082$10,663$10,263$9,880$8,795
5 years$9,124$8,689$8,275$7,883$7,510$6,472
6 years$7,527$7,095$6,687$6,304$5,943$4,953
7 years$6,387$5,958$5,557$5,183$4,833$3,891
8 years$5,532$5,107$4,713$4,348$4,009$3,115
9 years$4,868$4,447$4,059$3,703$3,377$2,529
10 years$4,336$3,920$3,539$3,192$2,877$2,076
11 years$3,902$3,489$3,116$2,778$2,474$1,717
12 years$3,540$3,132$2,765$2,437$2,144$1,431
13 years$3,234$2,830$2,470$2,151$1,870$1,198
14 years$2,973$2,573$2,220$1,910$1,639$1,008
15 years$2,746$2,350$2,004$1,703$1,443$851
16 years$2,547$2,156$1,817$1,525$1,275$720
17 years$2,373$1,986$1,653$1,370$1,131$612
18 years$2,218$1,835$1,509$1,235$1,006$520
19 years$2,079$1,701$1,382$1,116$896$443
20 years$1,954$1,580$1,268$1,011$801$378
21 years$1,842$1,472$1,166$917$716$323
22 years$1,739$1,374$1,075$834$642$276
23 years$1,646$1,285$993$759$576$237
24 years$1,561$1,204$918$693$518$203
25 years$1,482$1,130$850$633$466$174
26 years$1,410$1,062$789$578$420$149
27 years$1,343$999$732$529$379$128
28 years$1,282$942$681$485$342$110
29 years$1,224$888$633$445$308$94
30 years$1,170$839$590$408$279$81
31 years$1,120$793$550$375$252$70
32 years$1,074$751$513$345$228$60
33 years$1,030$711$479$317$206$51
34 years$989$674$448$292$187$44
35 years$950$639$419$268$169$38
36 years$913$606$392$247$153$33
37 years$879$576$367$228$139$28
38 years$846$547$343$210$126$24
39 years$815$521$322$194$114$21
40 years$786$495$301$179$104$18
41 years$758$471$283$165$94$15
42 years$732$449$265$152$85$13
43 years$707$428$249$140$77$11
44 years$683$408$234$130$70$10
45 years$660$389$219$120$64$8
46 years$639$371$206$111$58$7
47 years$618$354$193$102$53$6
48 years$598$338$182$94$48$5
49 years$579$323$171$87$43$5
50 years$561$308$161$81$39$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $575,000, adding $4,443 every year, while hoping to spend $37,663 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: 42/46/12 Blend
47$575,000$575,000$575,000$575,000
48$638,233$607,758$598,845$662,618
49$663,260$597,465$578,834$669,852
50$689,577$585,405$556,889$673,579
51$717,276$571,453$532,907$676,783
52$746,457$555,473$506,779$679,431
53$777,230$537,325$478,390$681,493
54$809,713$516,859$447,621$682,934
55$844,034$493,916$414,348$683,725
56$880,336$468,329$378,439$683,832
57$918,773$439,919$339,759$683,224
58$959,512$408,499$298,165$681,873
59$1,002,738$373,871$253,509$679,747
60$1,048,651$335,825$205,636$676,822
61$1,097,472$294,140$154,383$673,070
62$1,149,442$248,580$99,583$668,470
63$1,204,823$198,898$41,057$663,002
64$1,263,904$144,834$0$656,651
65$1,327,002$86,110$0$652,146
66$1,394,463$22,436$0$652,531
67$1,466,665$0$0$652,569
68$1,544,027$0$0$675,834
69$1,627,003$0$0$713,016
70$1,716,097$0$0$752,991
71$1,811,856$0$0$796,012
72$1,914,886$0$0$842,357
73$2,025,848$0$0$892,331
74$2,145,472$0$0$946,270
75$2,274,556$0$0$1,004,543
76$2,413,979$0$0$1,067,555
77$2,564,708$0$0$1,135,752
78$2,727,802$0$0$1,209,623
79$2,904,430$0$0$1,289,706
80$3,095,872$0$0$1,376,594
81$3,303,540$0$0$1,470,938
82$3,528,985$0$0$1,573,453
83$3,773,913$0$0$1,684,929
84$4,040,200$0$0$1,806,231
85$4,329,910$0$0$1,938,313
86$4,645,315$0$0$2,082,224
87$4,988,916$0$0$2,239,120
88$5,363,461$0$0$2,410,271
89$5,771,979$0$0$2,597,077
90$6,217,801$0$0$2,801,076
91$6,704,595$0$0$3,023,966
92$7,236,399$0$0$3,267,611
93$7,817,656$0$0$3,534,067
94$8,453,261$0$0$3,825,597
95$9,148,600$0$0$4,144,690
96$9,909,607$0$0$4,494,090
97$10,742,814$0$0$4,876,819
98$11,655,415$0$0$5,296,203
99$12,655,331$0$0$5,755,905
100$13,751,287$0$0$6,259,960