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%16.8%
1 years$54,502$54,017$53,543$53,081$52,629$51,170
2 years$26,981$26,479$25,992$25,520$25,062$23,603
3 years$17,809$17,304$16,818$16,351$15,900$14,487
4 years$13,224$12,720$12,239$11,780$11,340$9,983
5 years$10,473$9,973$9,498$9,048$8,621$7,324
6 years$8,640$8,144$7,676$7,236$6,821$5,586
7 years$7,331$6,839$6,379$5,949$5,547$4,374
8 years$6,350$5,862$5,410$4,990$4,602$3,489
9 years$5,587$5,104$4,659$4,251$3,876$2,823
10 years$4,977$4,499$4,062$3,664$3,302$2,308
11 years$4,479$4,005$3,576$3,189$2,840$1,902
12 years$4,064$3,595$3,174$2,797$2,461$1,578
13 years$3,713$3,249$2,836$2,469$2,146$1,317
14 years$3,412$2,953$2,548$2,192$1,881$1,103
15 years$3,152$2,698$2,300$1,955$1,656$927
16 years$2,924$2,475$2,086$1,750$1,464$782
17 years$2,723$2,279$1,898$1,573$1,298$661
18 years$2,545$2,106$1,732$1,417$1,154$559
19 years$2,386$1,952$1,586$1,281$1,029$475
20 years$2,243$1,814$1,456$1,160$919$403
21 years$2,114$1,690$1,339$1,053$822$343
22 years$1,996$1,577$1,234$957$737$292
23 years$1,889$1,475$1,139$872$662$249
24 years$1,792$1,382$1,054$795$595$212
25 years$1,702$1,297$976$726$535$181
26 years$1,619$1,219$905$664$482$154
27 years$1,542$1,147$840$608$435$132
28 years$1,471$1,081$781$557$392$113
29 years$1,405$1,020$727$511$354$96
30 years$1,343$963$677$469$320$82
31 years$1,286$910$631$430$289$70
32 years$1,232$861$589$395$262$60
33 years$1,182$816$550$364$237$51
34 years$1,135$773$514$335$214$44
35 years$1,090$733$480$308$194$38
36 years$1,048$696$449$284$176$32
37 years$1,009$661$421$261$159$28
38 years$971$628$394$241$145$24
39 years$936$597$369$222$131$20
40 years$902$568$346$205$119$17
41 years$871$541$324$189$108$15
42 years$840$515$304$174$98$13
43 years$812$491$286$161$89$11
44 years$784$468$268$149$81$9
45 years$758$446$252$137$73$8
46 years$733$426$236$127$66$7
47 years$710$406$222$117$60$6
48 years$687$388$209$108$55$5
49 years$665$370$196$100$50$4
50 years$644$354$184$93$45$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 48 starting with $660,000, adding $5,913 every year, while hoping to spend $23,969 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: 80/6/14 Blend
47$660,000$660,000$660,000$660,000
48$733,419$698,439$688,209$789,575
49$782,725$707,160$685,761$836,058
50$836,257$715,505$682,428$883,366
51$894,420$723,430$678,155$934,597
52$957,662$730,888$672,883$990,134
53$1,026,472$737,830$666,554$1,050,397
54$1,101,391$744,203$659,103$1,115,850
55$1,183,015$749,951$650,464$1,187,004
56$1,271,996$755,012$640,568$1,264,423
57$1,369,055$759,323$629,342$1,348,726
58$1,474,984$762,815$616,711$1,440,598
59$1,590,657$765,417$602,595$1,540,791
60$1,717,032$767,051$586,911$1,650,134
61$1,855,168$767,635$569,571$1,769,544
62$2,006,228$767,082$550,484$1,900,026
63$2,171,494$765,300$529,556$2,042,691
64$2,352,377$762,190$506,687$2,198,764
65$2,550,430$757,649$481,772$2,369,591
66$2,767,366$751,566$454,703$2,556,660
67$3,005,068$743,823$425,367$2,761,608
68$3,265,612$734,298$393,643$2,986,239
69$3,551,284$722,857$359,409$3,232,542
70$3,864,599$709,362$322,534$3,502,710
71$4,208,333$693,665$282,883$3,799,158
72$4,585,537$675,609$240,315$4,124,548
73$4,999,578$655,029$194,681$4,481,814
74$5,454,159$631,750$145,827$4,874,190
75$5,953,363$605,586$93,592$5,305,239
76$6,501,687$576,340$37,808$5,778,890
77$7,104,083$543,806$0$6,299,470
78$7,766,010$507,762$0$6,874,996
79$8,493,479$467,978$0$7,513,719
80$9,293,112$424,208$0$8,215,808
81$10,172,208$376,192$0$8,987,680
82$11,138,803$323,655$0$9,836,404
83$12,201,756$266,309$0$10,769,769
84$13,370,823$203,847$0$11,796,360
85$14,656,758$135,946$0$12,925,634
86$16,071,404$62,264$0$14,168,012
87$17,627,813$0$0$15,534,978
88$19,340,365$0$0$17,040,344
89$21,224,904$0$0$18,701,436
90$23,298,890$0$0$20,529,532
91$25,581,556$0$0$22,541,592
92$28,094,099$0$0$24,756,300
93$30,859,874$0$0$27,194,245
94$33,904,612$0$0$29,878,115
95$37,256,671$0$0$32,832,906
96$40,947,294$0$0$36,086,163
97$45,010,909$0$0$39,668,237
98$49,485,454$0$0$43,612,574
99$54,412,730$0$0$47,956,026
100$59,838,800$0$0$52,739,201