Can I retire at age 47 with 410,000?

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 $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%12.6%
1 years$33,857$33,556$33,262$32,974$32,694$32,339
2 years$16,761$16,449$16,146$15,853$15,569$15,211
3 years$11,063$10,750$10,448$10,157$9,877$9,529
4 years$8,215$7,902$7,603$7,318$7,045$6,707
5 years$6,506$6,195$5,900$5,621$5,355$5,030
6 years$5,367$5,059$4,768$4,495$4,237$3,925
7 years$4,554$4,248$3,963$3,696$3,446$3,147
8 years$3,945$3,642$3,361$3,100$2,859$2,572
9 years$3,471$3,171$2,894$2,641$2,408$2,134
10 years$3,092$2,795$2,523$2,276$2,051$1,790
11 years$2,782$2,488$2,222$1,981$1,764$1,515
12 years$2,524$2,233$1,972$1,738$1,529$1,292
13 years$2,306$2,018$1,762$1,534$1,333$1,108
14 years$2,120$1,834$1,583$1,362$1,169$955
15 years$1,958$1,676$1,429$1,214$1,029$826
16 years$1,816$1,538$1,296$1,087$909$718
17 years$1,692$1,416$1,179$977$806$625
18 years$1,581$1,308$1,076$880$717$546
19 years$1,482$1,213$985$796$639$478
20 years$1,393$1,127$904$721$571$419
21 years$1,313$1,050$832$654$511$368
22 years$1,240$980$767$595$458$323
23 years$1,174$916$708$542$411$284
24 years$1,113$859$655$494$369$251
25 years$1,057$806$606$451$332$221
26 years$1,006$757$562$412$299$195
27 years$958$713$522$377$270$172
28 years$914$672$485$346$244$152
29 years$873$634$452$317$220$135
30 years$835$598$421$291$199$119
31 years$799$566$392$267$180$106
32 years$766$535$366$246$163$93
33 years$734$507$342$226$147$83
34 years$705$480$319$208$133$73
35 years$677$456$298$191$121$65
36 years$651$432$279$176$109$58
37 years$627$411$261$162$99$51
38 years$603$390$245$150$90$45
39 years$581$371$229$138$81$40
40 years$561$353$215$127$74$36
41 years$541$336$202$117$67$32
42 years$522$320$189$108$61$28
43 years$504$305$177$100$55$25
44 years$487$291$167$92$50$22
45 years$471$277$156$85$45$20
46 years$455$264$147$79$41$17
47 years$441$252$138$73$37$15
48 years$427$241$130$67$34$14
49 years$413$230$122$62$31$12
50 years$400$220$115$57$28$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $410,000, adding $5,232 every year, while hoping to spend $28,943 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: 82/10/8 Blend
46$410,000$410,000$410,000$410,000
47$457,217$435,487$429,132$493,830
48$473,058$426,031$412,713$509,097
49$489,545$415,141$394,773$521,458
50$506,712$402,717$375,232$534,144
51$524,599$388,652$354,005$547,170
52$543,246$372,834$331,001$560,556
53$562,696$355,142$306,129$574,320
54$582,997$335,450$279,291$588,484
55$604,201$313,625$250,385$603,072
56$626,363$289,526$219,306$618,110
57$649,541$263,002$185,943$633,628
58$673,802$233,897$150,179$649,657
59$699,214$202,042$111,894$666,235
60$725,854$167,262$70,963$683,399
61$753,804$129,371$27,253$701,195
62$783,152$88,171$0$719,672
63$813,997$43,454$0$740,538
64$846,444$0$0$764,788
65$880,607$0$0$790,724
66$916,610$0$0$823,100
67$954,591$0$0$857,258
68$994,697$0$0$893,331
69$1,037,091$0$0$931,465
70$1,081,948$0$0$971,820
71$1,129,461$0$0$1,014,570
72$1,179,841$0$0$1,059,905
73$1,233,317$0$0$1,108,032
74$1,290,142$0$0$1,159,178
75$1,350,591$0$0$1,213,592
76$1,414,964$0$0$1,271,546
77$1,483,591$0$0$1,333,338
78$1,556,834$0$0$1,399,293
79$1,635,088$0$0$1,469,770
80$1,718,787$0$0$1,545,159
81$1,808,406$0$0$1,625,890
82$1,904,466$0$0$1,712,434
83$2,007,541$0$0$1,805,308
84$2,118,257$0$0$1,905,078
85$2,237,303$0$0$2,012,368
86$2,365,436$0$0$2,127,859
87$2,503,486$0$0$2,252,303
88$2,652,365$0$0$2,386,523
89$2,813,077$0$0$2,531,425
90$2,986,721$0$0$2,688,004
91$3,174,508$0$0$2,857,352
92$3,377,769$0$0$3,040,672
93$3,597,965$0$0$3,239,284
94$3,836,705$0$0$3,454,642
95$4,095,756$0$0$3,688,341
96$4,377,063$0$0$3,942,140
97$4,682,765$0$0$4,217,971
98$5,015,215$0$0$4,517,958
99$5,377,001$0$0$4,844,442
100$5,770,972$0$0$5,199,995