Can I retire at age 48 with 605,000?

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 $605,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$49,960$49,515$49,081$48,657$48,244$47,058
2 years$24,733$24,272$23,826$23,393$22,973$21,786
3 years$16,325$15,862$15,417$14,988$14,575$13,424
4 years$12,122$11,660$11,220$10,798$10,395$9,288
5 years$9,600$9,142$8,707$8,294$7,902$6,843
6 years$7,920$7,465$7,036$6,633$6,253$5,242
7 years$6,720$6,269$5,847$5,453$5,085$4,123
8 years$5,821$5,374$4,959$4,575$4,219$3,305
9 years$5,122$4,679$4,271$3,896$3,553$2,686
10 years$4,563$4,124$3,724$3,359$3,027$2,207
11 years$4,106$3,672$3,278$2,923$2,603$1,829
12 years$3,725$3,295$2,909$2,564$2,256$1,525
13 years$3,403$2,978$2,599$2,264$1,967$1,279
14 years$3,128$2,707$2,336$2,009$1,725$1,078
15 years$2,889$2,473$2,109$1,792$1,518$911
16 years$2,680$2,269$1,912$1,605$1,342$772
17 years$2,497$2,089$1,740$1,442$1,190$657
18 years$2,333$1,931$1,588$1,299$1,058$559
19 years$2,187$1,789$1,454$1,174$943$477
20 years$2,056$1,663$1,334$1,063$842$408
21 years$1,938$1,549$1,227$965$754$349
22 years$1,830$1,446$1,131$877$676$299
23 years$1,732$1,352$1,044$799$607$256
24 years$1,642$1,267$966$729$545$220
25 years$1,560$1,189$895$666$491$189
26 years$1,484$1,117$830$609$442$162
27 years$1,414$1,052$770$557$398$139
28 years$1,348$991$716$510$359$120
29 years$1,288$935$667$468$325$103
30 years$1,232$883$621$430$293$89
31 years$1,179$835$579$394$265$76
32 years$1,130$790$540$363$240$66
33 years$1,083$748$504$333$217$57
34 years$1,040$709$471$307$197$49
35 years$999$672$440$282$178$42
36 years$961$638$412$260$161$36
37 years$925$606$386$240$146$31
38 years$890$576$361$221$133$27
39 years$858$548$338$204$120$23
40 years$827$521$317$188$109$20
41 years$798$496$297$173$99$17
42 years$770$472$279$160$90$15
43 years$744$450$262$148$81$13
44 years$719$429$246$136$74$11
45 years$695$409$231$126$67$9
46 years$672$390$217$116$61$8
47 years$650$372$204$107$55$7
48 years$630$356$191$99$50$6
49 years$610$340$180$92$46$5
50 years$591$324$169$85$41$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $605,000, adding $5,211 every year, while hoping to spend $48,168 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: 79/8/13 Blend
47$605,000$605,000$605,000$605,000
48$672,085$640,020$630,643$723,067
49$689,387$620,131$600,519$737,445
50$706,840$597,652$567,771$746,496
51$724,408$572,407$532,262$755,049
52$742,050$544,208$493,845$763,032
53$759,719$512,854$452,369$770,369
54$777,364$478,137$407,676$776,974
55$794,922$439,833$359,601$782,754
56$812,328$397,708$307,971$787,607
57$829,502$351,513$252,605$791,422
58$846,360$300,986$193,316$794,076
59$862,803$245,848$129,906$795,434
60$878,721$185,808$62,171$795,348
61$893,993$120,554$0$793,659
62$908,480$49,761$0$791,591
63$922,028$0$0$796,841
64$934,467$0$0$802,966
65$945,603$0$0$812,329
66$955,224$0$0$820,361
67$963,091$0$0$826,856
68$968,939$0$0$831,582
69$972,473$0$0$834,282
70$973,366$0$0$834,671
71$971,253$0$0$832,431
72$965,731$0$0$827,210
73$956,351$0$0$818,618
74$942,616$0$0$806,221
75$923,975$0$0$789,538
76$899,817$0$0$768,038
77$869,464$0$0$741,132
78$832,169$0$0$708,165
79$787,100$0$0$668,416
80$733,342$0$0$621,085
81$669,878$0$0$565,288
82$595,585$0$0$500,046
83$509,222$0$0$424,279
84$409,415$0$0$336,789
85$294,648$0$0$236,257
86$163,245$0$0$121,222
87$13,352$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0