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%12.8%
1 years$49,547$49,106$48,676$48,255$47,845$47,286
2 years$24,528$24,072$23,629$23,200$22,783$22,221
3 years$16,190$15,731$15,289$14,864$14,455$13,906
4 years$12,021$11,564$11,127$10,709$10,309$9,779
5 years$9,521$9,066$8,635$8,225$7,837$7,326
6 years$7,855$7,403$6,978$6,578$6,201$5,710
7 years$6,665$6,217$5,799$5,408$5,043$4,573
8 years$5,773$5,329$4,918$4,537$4,184$3,734
9 years$5,079$4,640$4,236$3,864$3,523$3,094
10 years$4,525$4,090$3,693$3,331$3,002$2,592
11 years$4,072$3,641$3,251$2,899$2,582$2,192
12 years$3,694$3,268$2,885$2,543$2,237$1,866
13 years$3,375$2,953$2,578$2,245$1,951$1,598
14 years$3,102$2,685$2,316$1,993$1,710$1,376
15 years$2,865$2,452$2,091$1,777$1,506$1,189
16 years$2,658$2,250$1,896$1,591$1,331$1,031
17 years$2,476$2,072$1,725$1,430$1,180$897
18 years$2,314$1,915$1,575$1,289$1,049$782
19 years$2,169$1,775$1,442$1,164$935$683
20 years$2,039$1,649$1,323$1,054$835$598
21 years$1,922$1,536$1,217$957$748$524
22 years$1,815$1,434$1,122$870$670$460
23 years$1,718$1,341$1,036$792$601$405
24 years$1,629$1,256$958$723$541$356
25 years$1,547$1,179$887$660$486$313
26 years$1,472$1,108$823$604$438$276
27 years$1,402$1,043$764$552$395$244
28 years$1,337$983$710$506$356$215
29 years$1,277$927$661$464$322$190
30 years$1,221$876$616$426$291$168
31 years$1,169$828$574$391$263$148
32 years$1,120$783$536$360$238$131
33 years$1,075$742$500$331$215$116
34 years$1,032$703$467$304$195$103
35 years$991$667$437$280$177$91
36 years$953$633$409$258$160$80
37 years$917$601$382$238$145$71
38 years$883$571$358$219$131$63
39 years$851$543$336$202$119$56
40 years$820$517$315$186$108$49
41 years$791$492$295$172$98$44
42 years$764$468$277$159$89$39
43 years$738$446$260$146$81$34
44 years$713$425$244$135$73$30
45 years$689$406$229$125$67$27
46 years$667$387$215$115$60$24
47 years$645$369$202$107$55$21
48 years$624$353$190$98$50$19
49 years$605$337$178$91$45$17
50 years$586$322$168$84$41$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $600,000, adding $4,090 every year, while hoping to spend $29,415 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: 79/15/6 Blend
47$600,000$600,000$600,000$600,000
48$665,419$633,619$624,319$717,335
49$701,994$633,369$613,936$751,688
50$741,314$632,121$602,220$785,085
51$783,628$629,794$589,094$820,834
52$829,209$626,305$574,480$859,155
53$878,358$621,563$558,294$900,290
54$931,403$615,473$540,449$944,506
55$988,708$607,932$520,856$992,096
56$1,050,670$598,835$499,419$1,043,385
57$1,117,728$588,067$476,039$1,098,730
58$1,190,362$575,508$450,612$1,158,525
59$1,269,101$561,031$423,030$1,223,203
60$1,354,527$544,499$393,179$1,293,242
61$1,447,280$525,771$360,942$1,369,170
62$1,548,064$504,695$326,195$1,451,567
63$1,657,652$481,111$288,808$1,541,076
64$1,776,896$454,849$248,646$1,638,402
65$1,906,734$425,730$205,570$1,744,324
66$2,048,195$393,566$159,431$1,859,701
67$2,202,415$358,155$110,076$1,985,480
68$2,370,643$319,286$57,345$2,122,704
69$2,554,253$276,735$1,070$2,272,526
70$2,754,758$230,266$0$2,436,214
71$2,973,823$179,629$0$2,618,945
72$3,213,282$124,560$0$2,818,803
73$3,475,155$64,781$0$3,037,434
74$3,761,663$0$0$3,276,726
75$4,075,255$0$0$3,538,763
76$4,418,624$0$0$3,837,408
77$4,794,740$0$0$4,164,552
78$5,206,870$0$0$4,523,040
79$5,658,614$0$0$4,916,006
80$6,153,936$0$0$5,346,899
81$6,697,202$0$0$5,819,523
82$7,293,222$0$0$6,338,061
83$7,947,292$0$0$6,907,127
84$8,665,248$0$0$7,531,799
85$9,453,516$0$0$8,217,671
86$10,319,177$0$0$8,970,908
87$11,270,029$0$0$9,798,299
88$12,314,664$0$0$10,707,323
89$13,462,547$0$0$11,706,220
90$14,724,106$0$0$12,804,066
91$16,110,828$0$0$14,010,864
92$17,635,368$0$0$15,337,629
93$19,311,671$0$0$16,796,500
94$21,155,098$0$0$18,400,851
95$23,182,573$0$0$20,165,416
96$25,412,746$0$0$22,106,428
97$27,866,161$0$0$24,241,773
98$30,565,455$0$0$26,591,160
99$33,535,571$0$0$29,176,300
100$36,803,991$0$0$32,021,120