Can I retire at age 48 with 640,000?

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 $640,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$52,851$52,380$51,921$51,472$51,034$49,620
2 years$26,164$25,676$25,204$24,746$24,302$22,887
3 years$17,269$16,780$16,309$15,855$15,418$14,048
4 years$12,823$12,335$11,869$11,423$10,996$9,681
5 years$10,156$9,671$9,211$8,774$8,359$7,102
6 years$8,378$7,897$7,443$7,016$6,614$5,417
7 years$7,109$6,632$6,186$5,769$5,379$4,241
8 years$6,158$5,685$5,246$4,839$4,463$3,384
9 years$5,418$4,950$4,518$4,122$3,758$2,737
10 years$4,827$4,363$3,939$3,553$3,202$2,238
11 years$4,343$3,884$3,468$3,092$2,754$1,845
12 years$3,941$3,486$3,078$2,712$2,387$1,531
13 years$3,600$3,150$2,750$2,395$2,081$1,277
14 years$3,309$2,864$2,471$2,126$1,824$1,070
15 years$3,056$2,616$2,231$1,896$1,606$899
16 years$2,835$2,400$2,022$1,697$1,420$758
17 years$2,641$2,210$1,840$1,525$1,259$641
18 years$2,468$2,042$1,680$1,374$1,119$542
19 years$2,314$1,893$1,538$1,242$998$460
20 years$2,175$1,759$1,411$1,125$891$391
21 years$2,050$1,638$1,298$1,021$797$332
22 years$1,936$1,529$1,197$928$715$283
23 years$1,832$1,430$1,105$845$642$241
24 years$1,737$1,340$1,022$771$577$206
25 years$1,650$1,258$946$704$519$175
26 years$1,570$1,182$878$644$467$150
27 years$1,495$1,112$815$589$421$128
28 years$1,426$1,048$758$540$380$109
29 years$1,362$989$705$495$343$93
30 years$1,303$934$657$454$310$80
31 years$1,247$883$612$417$280$68
32 years$1,195$835$571$384$254$58
33 years$1,146$791$533$353$230$50
34 years$1,100$750$498$324$208$43
35 years$1,057$711$466$299$188$37
36 years$1,016$675$436$275$171$31
37 years$978$641$408$253$155$27
38 years$942$609$382$234$140$23
39 years$908$579$358$215$127$20
40 years$875$551$335$199$115$17
41 years$844$525$315$183$105$14
42 years$815$500$295$169$95$12
43 years$787$476$277$156$86$11
44 years$760$454$260$144$78$9
45 years$735$433$244$133$71$8
46 years$711$413$229$123$64$7
47 years$688$394$215$114$59$6
48 years$666$376$202$105$53$5
49 years$645$359$190$97$48$4
50 years$625$343$179$90$44$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $640,000, adding $6,448 every year, while hoping to spend $49,950 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: 84/6/10 Blend
47$640,000$640,000$640,000$640,000
48$711,931$678,011$668,091$770,130
49$731,402$658,087$637,326$789,219
50$751,184$635,513$603,856$802,806
51$771,258$610,106$567,537$816,193
52$791,597$581,672$528,221$829,332
53$812,174$550,008$485,751$842,167
54$832,955$514,898$439,962$854,635
55$853,900$476,111$390,685$866,669
56$874,965$433,408$337,740$878,195
57$896,099$386,533$280,942$889,129
58$917,243$335,214$220,095$899,380
59$938,330$279,169$154,997$908,849
60$959,286$218,094$85,435$917,423
61$980,024$151,671$11,188$924,983
62$1,000,448$79,565$0$931,393
63$1,020,451$1,421$0$943,767
64$1,039,909$0$0$956,427
65$1,058,687$0$0$973,517
66$1,076,629$0$0$989,922
67$1,093,566$0$0$1,005,389
68$1,109,304$0$0$1,019,741
69$1,123,630$0$0$1,032,778
70$1,136,305$0$0$1,044,279
71$1,147,061$0$0$1,053,997
72$1,155,602$0$0$1,061,657
73$1,161,597$0$0$1,066,953
74$1,164,681$0$0$1,069,545
75$1,164,443$0$0$1,069,055
76$1,160,432$0$0$1,065,063
77$1,152,144$0$0$1,057,104
78$1,139,021$0$0$1,044,660
79$1,120,444$0$0$1,027,158
80$1,095,728$0$0$1,003,963
81$1,064,112$0$0$974,371
82$1,024,754$0$0$937,603
83$976,724$0$0$892,796
84$918,989$0$0$838,994
85$850,408$0$0$775,142
86$769,718$0$0$700,069
87$675,525$0$0$612,484
88$566,283$0$0$510,957
89$440,287$0$0$393,908
90$295,651$0$0$259,592
91$130,292$0$0$106,078
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