Can I retire at age 48 with 660,000?

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 $660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$54,502$54,017$53,543$53,081$52,629$51,609
2 years$26,981$26,479$25,992$25,520$25,062$24,038
3 years$17,809$17,304$16,818$16,351$15,900$14,905
4 years$13,224$12,720$12,239$11,780$11,340$10,381
5 years$10,473$9,973$9,498$9,048$8,621$7,700
6 years$8,640$8,144$7,676$7,236$6,821$5,940
7 years$7,331$6,839$6,379$5,949$5,547$4,707
8 years$6,350$5,862$5,410$4,990$4,602$3,801
9 years$5,587$5,104$4,659$4,251$3,876$3,114
10 years$4,977$4,499$4,062$3,664$3,302$2,579
11 years$4,479$4,005$3,576$3,189$2,840$2,155
12 years$4,064$3,595$3,174$2,797$2,461$1,813
13 years$3,713$3,249$2,836$2,469$2,146$1,533
14 years$3,412$2,953$2,548$2,192$1,881$1,303
15 years$3,152$2,698$2,300$1,955$1,656$1,112
16 years$2,924$2,475$2,086$1,750$1,464$951
17 years$2,723$2,279$1,898$1,573$1,298$816
18 years$2,545$2,106$1,732$1,417$1,154$702
19 years$2,386$1,952$1,586$1,281$1,029$605
20 years$2,243$1,814$1,456$1,160$919$522
21 years$2,114$1,690$1,339$1,053$822$451
22 years$1,996$1,577$1,234$957$737$390
23 years$1,889$1,475$1,139$872$662$338
24 years$1,792$1,382$1,054$795$595$293
25 years$1,702$1,297$976$726$535$254
26 years$1,619$1,219$905$664$482$221
27 years$1,542$1,147$840$608$435$192
28 years$1,471$1,081$781$557$392$167
29 years$1,405$1,020$727$511$354$145
30 years$1,343$963$677$469$320$126
31 years$1,286$910$631$430$289$110
32 years$1,232$861$589$395$262$95
33 years$1,182$816$550$364$237$83
34 years$1,135$773$514$335$214$72
35 years$1,090$733$480$308$194$63
36 years$1,048$696$449$284$176$55
37 years$1,009$661$421$261$159$48
38 years$971$628$394$241$145$42
39 years$936$597$369$222$131$36
40 years$902$568$346$205$119$32
41 years$871$541$324$189$108$28
42 years$840$515$304$174$98$24
43 years$812$491$286$161$89$21
44 years$784$468$268$149$81$18
45 years$758$446$252$137$73$16
46 years$733$426$236$127$66$14
47 years$710$406$222$117$60$12
48 years$687$388$209$108$55$11
49 years$665$370$196$100$50$9
50 years$644$354$184$93$45$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $660,000, adding $5,916 every year, while hoping to spend $35,128 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: 58/29/13 Blend
47$660,000$660,000$660,000$660,000
48$733,422$698,442$688,212$773,238
49$770,856$695,290$673,892$797,660
50$810,930$690,806$657,914$819,854
51$853,877$684,888$640,186$843,217
52$899,952$677,427$620,612$867,864
53$949,434$668,308$599,090$893,926
54$1,002,631$657,410$575,514$921,548
55$1,059,879$644,603$549,774$950,891
56$1,121,549$629,750$521,753$982,135
57$1,188,046$612,707$491,330$1,015,479
58$1,259,816$593,320$458,380$1,051,144
59$1,337,351$571,426$422,769$1,089,377
60$1,421,189$546,854$384,360$1,130,452
61$1,511,922$519,422$343,008$1,174,673
62$1,610,202$488,937$298,563$1,222,378
63$1,716,745$455,197$250,867$1,273,940
64$1,832,337$417,986$199,755$1,329,776
65$1,957,846$377,077$145,057$1,390,348
66$2,094,222$332,230$86,592$1,456,166
67$2,242,514$283,191$24,174$1,527,799
68$2,403,874$229,691$0$1,605,875
69$2,579,570$171,447$0$1,696,978
70$2,770,998$108,160$0$1,799,955
71$2,979,694$39,514$0$1,912,334
72$3,207,348$0$0$2,035,095
73$3,455,819$0$0$2,180,431
74$3,727,156$0$0$2,352,965
75$4,023,613$0$0$2,541,526
76$4,347,672$0$0$2,747,700
77$4,702,065$0$0$2,973,232
78$5,089,800$0$0$3,220,044
79$5,514,190$0$0$3,490,253
80$5,978,883$0$0$3,786,189
81$6,487,895$0$0$4,110,418
82$7,045,649$0$0$4,465,766
83$7,657,019$0$0$4,855,347
84$8,327,369$0$0$5,282,588
85$9,062,608$0$0$5,751,266
86$9,869,246$0$0$6,265,539
87$10,754,452$0$0$6,829,989
88$11,726,123$0$0$7,449,662
89$12,792,959$0$0$8,130,116
90$13,964,540$0$0$8,877,476
91$15,251,424$0$0$9,698,485
92$16,665,239$0$0$10,600,576
93$18,218,796$0$0$11,591,936
94$19,926,207$0$0$12,681,581
95$21,803,020$0$0$13,879,450
96$23,866,365$0$0$15,196,488
97$26,135,114$0$0$16,644,757
98$28,630,057$0$0$18,237,542
99$31,374,104$0$0$19,989,485
100$34,392,492$0$0$21,916,715