Can I retire at age 47 with 380,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $380,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$31,380$31,101$30,828$30,562$30,302$29,886
2 years$15,535$15,245$14,965$14,693$14,429$14,011
3 years$10,254$9,963$9,683$9,414$9,155$8,747
4 years$7,614$7,324$7,047$6,782$6,529$6,135
5 years$6,030$5,742$5,469$5,209$4,963$4,584
6 years$4,975$4,689$4,420$4,166$3,927$3,564
7 years$4,221$3,938$3,673$3,425$3,194$2,846
8 years$3,656$3,375$3,115$2,873$2,650$2,317
9 years$3,217$2,939$2,683$2,447$2,231$1,914
10 years$2,866$2,590$2,339$2,110$1,901$1,599
11 years$2,579$2,306$2,059$1,836$1,635$1,348
12 years$2,340$2,070$1,827$1,610$1,417$1,144
13 years$2,138$1,871$1,633$1,422$1,236$977
14 years$1,964$1,700$1,467$1,262$1,083$838
15 years$1,815$1,553$1,324$1,126$954$722
16 years$1,684$1,425$1,201$1,008$843$624
17 years$1,568$1,312$1,093$906$747$540
18 years$1,466$1,213$997$816$665$470
19 years$1,374$1,124$913$737$592$409
20 years$1,291$1,044$838$668$529$356
21 years$1,217$973$771$606$473$311
22 years$1,149$908$710$551$424$272
23 years$1,088$849$656$502$381$238
24 years$1,031$796$607$458$342$209
25 years$980$747$562$418$308$183
26 years$932$702$521$382$278$161
27 years$888$661$484$350$250$141
28 years$847$622$450$321$226$124
29 years$809$587$419$294$204$109
30 years$774$555$390$270$184$96
31 years$740$524$364$248$167$85
32 years$710$496$339$228$151$74
33 years$681$470$317$209$136$66
34 years$653$445$296$193$123$58
35 years$628$422$277$177$112$51
36 years$604$401$259$163$101$45
37 years$581$381$242$150$92$40
38 years$559$362$227$139$83$35
39 years$539$344$213$128$75$31
40 years$520$327$199$118$68$27
41 years$501$312$187$109$62$24
42 years$484$297$175$100$56$21
43 years$467$283$164$93$51$19
44 years$451$269$154$86$46$16
45 years$436$257$145$79$42$14
46 years$422$245$136$73$38$13
47 years$409$234$128$67$35$11
48 years$395$223$120$62$32$10
49 years$383$213$113$58$29$9
50 years$371$204$106$53$26$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $380,000, adding $2,121 every year, while hoping to spend $21,575 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: 61/15/24 Blend
46$380,000$380,000$380,000$380,000
47$420,948$400,808$394,918$443,822
48$440,929$397,492$385,192$456,271
49$462,225$393,290$374,417$467,309
50$484,947$388,137$362,535$478,883
51$509,218$381,961$349,486$491,050
52$535,170$374,690$335,207$503,871
53$562,952$366,244$319,630$517,417
54$592,722$356,539$302,687$531,765
55$624,658$345,488$284,305$547,003
56$658,953$332,997$264,409$563,226
57$695,820$318,967$242,920$580,542
58$735,491$303,293$219,756$599,072
59$778,222$285,866$194,829$618,949
60$824,295$266,568$168,050$640,320
61$874,018$245,274$139,324$663,350
62$927,731$221,856$108,555$688,224
63$985,806$196,173$75,638$715,144
64$1,048,653$168,081$40,467$744,337
65$1,116,723$137,424$2,930$776,052
66$1,190,511$104,040$0$810,570
67$1,270,562$67,757$0$857,706
68$1,357,474$28,392$0$909,714
69$1,451,907$0$0$966,256
70$1,554,586$0$0$1,030,137
71$1,666,306$0$0$1,104,769
72$1,787,947$0$0$1,186,054
73$1,920,473$0$0$1,274,642
74$2,064,946$0$0$1,371,245
75$2,222,536$0$0$1,476,649
76$2,394,529$0$0$1,591,719
77$2,582,343$0$0$1,717,407
78$2,787,536$0$0$1,854,759
79$3,011,826$0$0$2,004,930
80$3,257,101$0$0$2,169,189
81$3,525,444$0$0$2,348,935
82$3,819,146$0$0$2,545,708
83$4,140,730$0$0$2,761,202
84$4,492,974$0$0$2,997,286
85$4,878,939$0$0$3,256,015
86$5,301,994$0$0$3,539,655
87$5,765,850$0$0$3,850,698
88$6,274,597$0$0$4,191,893
89$6,832,735$0$0$4,566,266
90$7,445,224$0$0$4,977,148
91$8,117,528$0$0$5,428,212
92$8,855,662$0$0$5,923,501
93$9,666,255$0$0$6,467,470
94$10,556,610$0$0$7,065,027
95$11,534,769$0$0$7,721,578
96$12,609,594$0$0$8,443,079
97$13,790,847$0$0$9,236,091
98$15,089,283$0$0$10,107,842
99$16,516,749$0$0$11,066,296
100$18,086,301$0$0$12,120,227