Can I retire at age 48 with 610,000?

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 $610,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$50,373$49,925$49,487$49,059$48,642$47,995
2 years$24,937$24,473$24,023$23,586$23,163$22,512
3 years$16,460$15,993$15,544$15,112$14,696$14,061
4 years$12,222$11,757$11,312$10,887$10,481$9,867
5 years$9,680$9,217$8,779$8,363$7,967$7,377
6 years$7,985$7,527$7,095$6,688$6,304$5,738
7 years$6,776$6,321$5,896$5,498$5,127$4,584
8 years$5,869$5,418$5,000$4,612$4,253$3,735
9 years$5,164$4,718$4,306$3,929$3,582$3,087
10 years$4,600$4,158$3,754$3,387$3,052$2,580
11 years$4,140$3,702$3,305$2,947$2,625$2,176
12 years$3,756$3,323$2,933$2,585$2,275$1,848
13 years$3,431$3,003$2,621$2,282$1,984$1,579
14 years$3,153$2,729$2,355$2,026$1,739$1,356
15 years$2,913$2,493$2,126$1,807$1,531$1,168
16 years$2,703$2,288$1,928$1,618$1,353$1,010
17 years$2,517$2,107$1,754$1,454$1,200$876
18 years$2,353$1,947$1,601$1,310$1,067$762
19 years$2,205$1,804$1,466$1,184$951$664
20 years$2,073$1,677$1,345$1,072$849$579
21 years$1,954$1,562$1,237$973$760$506
22 years$1,845$1,458$1,140$885$681$443
23 years$1,746$1,363$1,053$806$612$388
24 years$1,656$1,277$974$735$550$341
25 years$1,573$1,199$902$671$495$299
26 years$1,496$1,127$837$614$446$263
27 years$1,425$1,060$777$562$402$231
28 years$1,360$999$722$515$362$203
29 years$1,299$943$672$472$327$179
30 years$1,242$890$626$433$296$157
31 years$1,189$841$584$398$267$139
32 years$1,139$796$544$366$242$122
33 years$1,092$754$508$336$219$108
34 years$1,049$715$475$309$198$95
35 years$1,008$678$444$285$179$84
36 years$969$643$415$262$163$74
37 years$932$611$389$242$147$65
38 years$898$581$364$223$134$57
39 years$865$552$341$205$121$51
40 years$834$525$320$189$110$45
41 years$805$500$300$175$100$40
42 years$777$476$281$161$90$35
43 years$750$454$264$149$82$31
44 years$725$433$248$137$75$27
45 years$701$412$233$127$68$24
46 years$678$394$218$117$61$21
47 years$656$376$205$108$56$19
48 years$635$358$193$100$51$17
49 years$615$342$181$93$46$15
50 years$596$327$170$86$42$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $610,000, adding $3,853 every year, while hoping to spend $33,257 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: 71/12/17 Blend
47$610,000$610,000$610,000$610,000
48$676,194$643,864$634,409$721,246
49$709,781$640,029$620,277$747,865
50$745,679$634,890$604,556$772,637
51$784,089$628,350$587,159$798,907
52$825,230$620,304$567,994$826,816
53$869,345$610,640$546,963$856,523
54$916,697$599,240$523,965$888,203
55$967,578$585,981$498,896$922,049
56$1,022,306$570,729$471,644$958,274
57$1,081,231$553,345$442,094$997,115
58$1,144,739$533,681$410,126$1,038,832
59$1,213,250$511,579$375,613$1,083,715
60$1,287,230$486,875$338,425$1,132,082
61$1,367,188$459,392$298,422$1,184,287
62$1,453,684$428,945$255,463$1,240,719
63$1,547,335$395,339$209,396$1,301,809
64$1,648,817$358,365$160,065$1,368,034
65$1,758,876$317,804$107,307$1,439,920
66$1,878,330$273,425$50,950$1,518,049
67$2,008,080$224,983$0$1,603,064
68$2,149,117$172,220$0$1,697,342
69$2,302,530$114,862$0$1,809,971
70$2,469,518$52,620$0$1,932,601
71$2,651,402$0$0$2,066,226
72$2,849,632$0$0$2,213,897
73$3,065,807$0$0$2,382,542
74$3,301,685$0$0$2,566,587
75$3,559,203$0$0$2,767,548
76$3,840,491$0$0$2,987,090
77$4,147,896$0$0$3,227,049
78$4,483,999$0$0$3,489,445
79$4,851,645$0$0$3,776,502
80$5,253,965$0$0$4,090,670
81$5,694,406$0$0$4,434,646
82$6,176,765$0$0$4,811,399
83$6,705,222$0$0$5,224,200
84$7,284,383$0$0$5,676,651
85$7,919,318$0$0$6,172,718
86$8,615,612$0$0$6,716,772
87$9,379,416$0$0$7,313,624
88$10,217,507$0$0$7,968,574
89$11,137,346$0$0$8,687,462
90$12,147,155$0$0$9,476,719
91$13,255,990$0$0$10,343,428
92$14,473,824$0$0$11,295,394
93$15,811,649$0$0$12,341,214
94$17,281,568$0$0$13,490,359
95$18,896,919$0$0$14,753,263
96$20,672,394$0$0$16,141,420
97$22,624,179$0$0$17,667,493
98$24,770,106$0$0$19,345,435
99$27,129,823$0$0$21,190,617
100$29,724,977$0$0$23,219,973