Can I retire at age 48 with 600,000?

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 $600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$49,547$49,106$48,676$48,255$47,845$46,221
2 years$24,528$24,072$23,629$23,200$22,783$21,163
3 years$16,190$15,731$15,289$14,864$14,455$12,890
4 years$12,021$11,564$11,127$10,709$10,309$8,811
5 years$9,521$9,066$8,635$8,225$7,837$6,410
6 years$7,855$7,403$6,978$6,578$6,201$4,846
7 years$6,665$6,217$5,799$5,408$5,043$3,760
8 years$5,773$5,329$4,918$4,537$4,184$2,972
9 years$5,079$4,640$4,236$3,864$3,523$2,381
10 years$4,525$4,090$3,693$3,331$3,002$1,927
11 years$4,072$3,641$3,251$2,899$2,582$1,572
12 years$3,694$3,268$2,885$2,543$2,237$1,291
13 years$3,375$2,953$2,578$2,245$1,951$1,065
14 years$3,102$2,685$2,316$1,993$1,710$882
15 years$2,865$2,452$2,091$1,777$1,506$733
16 years$2,658$2,250$1,896$1,591$1,331$611
17 years$2,476$2,072$1,725$1,430$1,180$510
18 years$2,314$1,915$1,575$1,289$1,049$427
19 years$2,169$1,775$1,442$1,164$935$358
20 years$2,039$1,649$1,323$1,054$835$300
21 years$1,922$1,536$1,217$957$748$252
22 years$1,815$1,434$1,122$870$670$212
23 years$1,718$1,341$1,036$792$601$178
24 years$1,629$1,256$958$723$541$150
25 years$1,547$1,179$887$660$486$127
26 years$1,472$1,108$823$604$438$107
27 years$1,402$1,043$764$552$395$90
28 years$1,337$983$710$506$356$76
29 years$1,277$927$661$464$322$64
30 years$1,221$876$616$426$291$54
31 years$1,169$828$574$391$263$46
32 years$1,120$783$536$360$238$38
33 years$1,075$742$500$331$215$32
34 years$1,032$703$467$304$195$27
35 years$991$667$437$280$177$23
36 years$953$633$409$258$160$19
37 years$917$601$382$238$145$16
38 years$883$571$358$219$131$14
39 years$851$543$336$202$119$12
40 years$820$517$315$186$108$10
41 years$791$492$295$172$98$8
42 years$764$468$277$159$89$7
43 years$738$446$260$146$81$6
44 years$713$425$244$135$73$5
45 years$689$406$229$125$67$4
46 years$667$387$215$115$60$4
47 years$645$369$202$107$55$3
48 years$624$353$190$98$50$3
49 years$605$337$178$91$45$2
50 years$586$322$168$84$41$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $600,000, adding $2,753 every year, while hoping to spend $43,148 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: 55/38/7 Blend
47$600,000$600,000$600,000$600,000
48$664,040$632,240$622,940$699,346
49$685,863$617,310$597,899$708,567
50$708,465$600,203$570,573$713,581
51$731,882$580,766$540,841$717,990
52$756,148$558,838$508,573$721,741
53$781,302$534,248$473,638$724,780
54$807,385$506,817$435,894$727,050
55$834,440$476,352$395,198$728,490
56$862,512$442,653$351,397$729,037
57$891,651$405,505$304,331$728,624
58$921,909$364,684$253,836$727,180
59$953,341$319,951$199,737$724,634
60$986,008$271,055$141,854$720,906
61$1,019,972$217,728$79,997$715,916
62$1,055,302$159,690$13,970$709,580
63$1,092,072$96,644$0$701,808
64$1,130,360$28,276$0$696,728
65$1,170,251$0$0$691,410
66$1,211,835$0$0$703,855
67$1,255,210$0$0$729,180
68$1,300,483$0$0$755,624
69$1,347,766$0$0$783,256
70$1,397,184$0$0$812,148
71$1,448,868$0$0$842,382
72$1,502,963$0$0$874,041
73$1,559,624$0$0$907,221
74$1,619,021$0$0$942,023
75$1,681,336$0$0$978,555
76$1,746,768$0$0$1,016,938
77$1,815,533$0$0$1,057,300
78$1,887,866$0$0$1,099,784
79$1,964,023$0$0$1,144,542
80$2,044,280$0$0$1,191,741
81$2,128,941$0$0$1,241,565
82$2,218,336$0$0$1,294,210
83$2,312,826$0$0$1,349,895
84$2,412,802$0$0$1,408,855
85$2,518,693$0$0$1,471,350
86$2,630,969$0$0$1,537,660
87$2,750,142$0$0$1,608,096
88$2,876,770$0$0$1,682,995
89$3,011,467$0$0$1,762,725
90$3,154,903$0$0$1,847,692
91$3,307,812$0$0$1,938,339
92$3,470,998$0$0$2,035,150
93$3,645,341$0$0$2,138,658
94$3,831,806$0$0$2,249,445
95$4,031,452$0$0$2,368,150
96$4,245,439$0$0$2,495,475
97$4,475,041$0$0$2,632,190
98$4,721,653$0$0$2,779,137
99$4,986,810$0$0$2,937,245
100$5,272,195$0$0$3,107,532