Can I retire at age 47 with 410,000?

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 $410,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$33,857$33,556$33,262$32,974$32,694$31,839
2 years$16,761$16,449$16,146$15,853$15,569$14,713
3 years$11,063$10,750$10,448$10,157$9,877$9,048
4 years$8,215$7,902$7,603$7,318$7,045$6,248
5 years$6,506$6,195$5,900$5,621$5,355$4,593
6 years$5,367$5,059$4,768$4,495$4,237$3,511
7 years$4,554$4,248$3,963$3,696$3,446$2,755
8 years$3,945$3,642$3,361$3,100$2,859$2,203
9 years$3,471$3,171$2,894$2,641$2,408$1,787
10 years$3,092$2,795$2,523$2,276$2,051$1,464
11 years$2,782$2,488$2,222$1,981$1,764$1,210
12 years$2,524$2,233$1,972$1,738$1,529$1,007
13 years$2,306$2,018$1,762$1,534$1,333$842
14 years$2,120$1,834$1,583$1,362$1,169$707
15 years$1,958$1,676$1,429$1,214$1,029$596
16 years$1,816$1,538$1,296$1,087$909$504
17 years$1,692$1,416$1,179$977$806$427
18 years$1,581$1,308$1,076$880$717$363
19 years$1,482$1,213$985$796$639$309
20 years$1,393$1,127$904$721$571$263
21 years$1,313$1,050$832$654$511$224
22 years$1,240$980$767$595$458$192
23 years$1,174$916$708$542$411$164
24 years$1,113$859$655$494$369$140
25 years$1,057$806$606$451$332$120
26 years$1,006$757$562$412$299$103
27 years$958$713$522$377$270$88
28 years$914$672$485$346$244$75
29 years$873$634$452$317$220$65
30 years$835$598$421$291$199$55
31 years$799$566$392$267$180$48
32 years$766$535$366$246$163$41
33 years$734$507$342$226$147$35
34 years$705$480$319$208$133$30
35 years$677$456$298$191$121$26
36 years$651$432$279$176$109$22
37 years$627$411$261$162$99$19
38 years$603$390$245$150$90$16
39 years$581$371$229$138$81$14
40 years$561$353$215$127$74$12
41 years$541$336$202$117$67$10
42 years$522$320$189$108$61$9
43 years$504$305$177$100$55$8
44 years$487$291$167$92$50$7
45 years$471$277$156$85$45$6
46 years$455$264$147$79$41$5
47 years$441$252$138$73$37$4
48 years$427$241$130$67$34$4
49 years$413$230$122$62$31$3
50 years$400$220$115$57$28$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $410,000, adding $4,376 every year, while hoping to spend $32,836 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: 63/21/16 Blend
46$410,000$410,000$410,000$410,000
47$456,334$434,604$428,249$483,008
48$467,943$420,962$407,658$487,810
49$479,635$405,552$385,277$488,919
50$491,385$388,251$361,011$489,344
51$503,162$368,931$334,760$489,017
52$514,933$347,457$306,423$487,869
53$526,659$323,685$275,891$485,824
54$538,295$297,462$243,050$482,798
55$549,793$268,630$207,784$478,703
56$561,096$237,017$169,969$473,443
57$572,141$202,445$129,477$466,912
58$582,859$164,723$86,173$458,999
59$593,169$123,653$39,919$449,581
60$602,982$79,022$0$438,525
61$612,200$30,608$0$427,301
62$620,711$0$0$421,518
63$628,391$0$0$419,258
64$635,102$0$0$423,381
65$640,690$0$0$426,708
66$644,984$0$0$429,119
67$647,792$0$0$430,481
68$648,903$0$0$430,645
69$648,080$0$0$429,449
70$645,063$0$0$426,709
71$639,561$0$0$422,223
72$631,252$0$0$415,767
73$619,778$0$0$407,094
74$604,745$0$0$395,926
75$585,713$0$0$381,959
76$562,198$0$0$364,856
77$533,661$0$0$344,242
78$499,509$0$0$319,704
79$459,082$0$0$290,785
80$411,653$0$0$256,977
81$356,418$0$0$217,721
82$292,486$0$0$172,400
83$218,874$0$0$120,328
84$134,495$0$0$60,751
85$38,148$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
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