Can I retire at age 48 with 630,000?

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 $630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$52,025$51,561$51,109$50,668$50,237$48,687
2 years$25,755$25,275$24,810$24,360$23,922$22,375
3 years$16,999$16,518$16,054$15,607$15,177$13,680
4 years$12,622$12,142$11,683$11,244$10,825$9,389
5 years$9,997$9,520$9,067$8,637$8,229$6,859
6 years$8,247$7,773$7,327$6,907$6,511$5,209
7 years$6,998$6,528$6,089$5,678$5,295$4,060
8 years$6,061$5,596$5,164$4,764$4,393$3,224
9 years$5,333$4,872$4,448$4,057$3,699$2,595
10 years$4,751$4,295$3,878$3,498$3,152$2,111
11 years$4,275$3,823$3,414$3,044$2,711$1,731
12 years$3,879$3,432$3,030$2,670$2,349$1,429
13 years$3,544$3,101$2,707$2,357$2,049$1,186
14 years$3,257$2,819$2,432$2,092$1,796$988
15 years$3,008$2,575$2,196$1,866$1,581$826
16 years$2,791$2,363$1,991$1,671$1,397$692
17 years$2,600$2,176$1,812$1,501$1,239$581
18 years$2,430$2,011$1,654$1,353$1,102$489
19 years$2,278$1,863$1,514$1,222$982$413
20 years$2,141$1,732$1,389$1,107$877$348
21 years$2,018$1,613$1,278$1,005$785$294
22 years$1,906$1,506$1,178$914$704$249
23 years$1,804$1,408$1,088$832$632$211
24 years$1,710$1,319$1,006$759$568$179
25 years$1,624$1,238$932$693$511$151
26 years$1,545$1,164$864$634$460$128
27 years$1,472$1,095$802$580$415$109
28 years$1,404$1,032$746$531$374$93
29 years$1,341$973$694$487$338$79
30 years$1,282$919$646$447$305$67
31 years$1,228$869$603$411$276$57
32 years$1,176$822$562$378$250$48
33 years$1,128$779$525$347$226$41
34 years$1,083$738$491$319$205$35
35 years$1,041$700$459$294$185$30
36 years$1,001$664$429$271$168$25
37 years$963$631$402$250$152$21
38 years$927$600$376$230$138$18
39 years$893$570$352$212$125$15
40 years$861$543$330$196$114$13
41 years$831$517$310$180$103$11
42 years$802$492$290$167$93$9
43 years$775$469$273$154$85$8
44 years$749$447$256$142$77$7
45 years$724$426$240$131$70$6
46 years$700$406$226$121$63$5
47 years$677$388$212$112$58$4
48 years$656$370$199$103$52$4
49 years$635$354$187$96$48$3
50 years$615$338$176$88$43$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $630,000, adding $4,557 every year, while hoping to spend $31,732 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: 85/8/7 Blend
47$630,000$630,000$630,000$630,000
48$698,961$665,571$655,806$757,578
49$736,492$664,421$644,012$795,360
50$776,788$662,151$630,761$832,055
51$820,097$658,674$615,968$871,363
52$866,692$653,894$599,548$913,525
53$916,873$647,713$581,411$958,807
54$970,968$640,025$561,463$1,007,501
55$1,029,339$630,718$539,604$1,059,930
56$1,092,383$619,674$515,731$1,116,448
57$1,160,536$606,768$489,738$1,177,446
58$1,234,277$591,867$461,511$1,243,354
59$1,314,134$574,829$430,932$1,314,645
60$1,400,686$555,506$397,879$1,391,840
61$1,494,571$533,740$362,223$1,475,515
62$1,596,488$509,365$323,829$1,566,301
63$1,707,210$482,204$282,557$1,664,897
64$1,827,584$452,070$238,261$1,772,070
65$1,958,542$418,766$190,787$1,888,667
66$2,101,111$382,083$139,976$2,015,619
67$2,256,420$341,801$85,661$2,153,955
68$2,425,712$297,687$27,668$2,304,806
69$2,610,355$249,494$0$2,469,420
70$2,811,854$196,961$0$2,651,728
71$3,031,865$139,815$0$2,853,059
72$3,272,214$77,765$0$3,073,030
73$3,534,908$10,503$0$3,313,495
74$3,822,158$0$0$3,576,500
75$4,136,398$0$0$3,869,778
76$4,480,309$0$0$4,191,768
77$4,856,842$0$0$4,544,311
78$5,269,246$0$0$4,930,449
79$5,721,102$0$0$5,353,537
80$6,216,350$0$0$5,817,265
81$6,759,331$0$0$6,325,700
82$7,354,828$0$0$6,883,320
83$8,008,106$0$0$7,495,058
84$8,724,965$0$0$8,166,347
85$9,511,795$0$0$8,903,171
86$10,375,633$0$0$9,712,123
87$11,324,233$0$0$10,600,464
88$12,366,133$0$0$11,576,193
89$13,510,743$0$0$12,648,123
90$14,768,425$0$0$13,825,962
91$16,150,598$0$0$15,120,403
92$17,669,840$0$0$16,543,229
93$19,340,009$0$0$18,107,421
94$21,176,373$0$0$19,827,280
95$23,195,752$0$0$21,718,560
96$25,416,678$0$0$23,798,621
97$27,859,569$0$0$26,086,588
98$30,546,923$0$0$28,603,534
99$33,503,526$0$0$31,372,676
100$36,756,688$0$0$34,419,596