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%16.1%
1 years$33,857$33,556$33,262$32,974$32,694$31,878
2 years$16,761$16,449$16,146$15,853$15,569$14,751
3 years$11,063$10,750$10,448$10,157$9,877$9,085
4 years$8,215$7,902$7,603$7,318$7,045$6,283
5 years$6,506$6,195$5,900$5,621$5,355$4,626
6 years$5,367$5,059$4,768$4,495$4,237$3,542
7 years$4,554$4,248$3,963$3,696$3,446$2,784
8 years$3,945$3,642$3,361$3,100$2,859$2,230
9 years$3,471$3,171$2,894$2,641$2,408$1,812
10 years$3,092$2,795$2,523$2,276$2,051$1,488
11 years$2,782$2,488$2,222$1,981$1,764$1,232
12 years$2,524$2,233$1,972$1,738$1,529$1,027
13 years$2,306$2,018$1,762$1,534$1,333$861
14 years$2,120$1,834$1,583$1,362$1,169$724
15 years$1,958$1,676$1,429$1,214$1,029$612
16 years$1,816$1,538$1,296$1,087$909$519
17 years$1,692$1,416$1,179$977$806$440
18 years$1,581$1,308$1,076$880$717$375
19 years$1,482$1,213$985$796$639$320
20 years$1,393$1,127$904$721$571$273
21 years$1,313$1,050$832$654$511$233
22 years$1,240$980$767$595$458$200
23 years$1,174$916$708$542$411$171
24 years$1,113$859$655$494$369$147
25 years$1,057$806$606$451$332$126
26 years$1,006$757$562$412$299$108
27 years$958$713$522$377$270$93
28 years$914$672$485$346$244$80
29 years$873$634$452$317$220$69
30 years$835$598$421$291$199$59
31 years$799$566$392$267$180$51
32 years$766$535$366$246$163$44
33 years$734$507$342$226$147$37
34 years$705$480$319$208$133$32
35 years$677$456$298$191$121$28
36 years$651$432$279$176$109$24
37 years$627$411$261$162$99$21
38 years$603$390$245$150$90$18
39 years$581$371$229$138$81$15
40 years$561$353$215$127$74$13
41 years$541$336$202$117$67$11
42 years$522$320$189$108$61$10
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$5
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 $2,182 every year, while hoping to spend $26,964 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: 76/12/12 Blend
46$410,000$410,000$410,000$410,000
47$454,071$432,341$425,986$487,350
48$471,696$424,836$411,567$502,084
49$490,216$416,060$395,761$514,609
50$509,693$405,921$378,494$527,585
51$530,195$394,324$359,686$541,047
52$551,796$381,168$339,257$555,035
53$574,577$366,343$317,120$569,593
54$598,627$349,737$293,187$584,769
55$624,041$331,228$267,363$600,616
56$650,925$310,689$239,551$617,195
57$679,392$287,987$209,649$634,572
58$709,569$262,976$177,551$652,821
59$741,591$235,508$143,145$672,024
60$775,608$205,423$106,315$692,270
61$811,784$172,553$66,941$713,662
62$850,298$136,720$24,895$736,311
63$891,344$97,735$0$760,340
64$935,139$55,401$0$788,446
65$981,916$9,509$0$821,792
66$1,031,933$0$0$857,373
67$1,085,472$0$0$900,702
68$1,142,844$0$0$948,487
69$1,204,387$0$0$999,757
70$1,270,474$0$0$1,054,825
71$1,341,514$0$0$1,114,032
72$1,417,955$0$0$1,177,753
73$1,500,292$0$0$1,246,403
74$1,589,064$0$0$1,320,432
75$1,684,867$0$0$1,400,341
76$1,788,354$0$0$1,486,674
77$1,900,244$0$0$1,580,033
78$2,021,324$0$0$1,681,080
79$2,152,463$0$0$1,790,539
80$2,294,615$0$0$1,909,210
81$2,448,828$0$0$2,037,970
82$2,616,256$0$0$2,177,786
83$2,798,168$0$0$2,329,719
84$2,995,958$0$0$2,494,938
85$3,211,163$0$0$2,674,728
86$3,445,473$0$0$2,870,504
87$3,700,745$0$0$3,083,822
88$3,979,025$0$0$3,316,396
89$4,282,565$0$0$3,570,109
90$4,613,844$0$0$3,847,038
91$4,975,588$0$0$4,149,465
92$5,370,801$0$0$4,479,907
93$5,802,788$0$0$4,841,130
94$6,275,189$0$0$5,236,182
95$6,792,011$0$0$5,668,420
96$7,357,667$0$0$6,141,537
97$7,977,015$0$0$6,659,603
98$8,655,405$0$0$7,227,097
99$9,398,731$0$0$7,848,955
100$10,213,481$0$0$8,530,611