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%16.2%
1 years$33,857$33,556$33,262$32,974$32,694$31,865
2 years$16,761$16,449$16,146$15,853$15,569$14,739
3 years$11,063$10,750$10,448$10,157$9,877$9,072
4 years$8,215$7,902$7,603$7,318$7,045$6,271
5 years$6,506$6,195$5,900$5,621$5,355$4,615
6 years$5,367$5,059$4,768$4,495$4,237$3,532
7 years$4,554$4,248$3,963$3,696$3,446$2,775
8 years$3,945$3,642$3,361$3,100$2,859$2,221
9 years$3,471$3,171$2,894$2,641$2,408$1,803
10 years$3,092$2,795$2,523$2,276$2,051$1,480
11 years$2,782$2,488$2,222$1,981$1,764$1,225
12 years$2,524$2,233$1,972$1,738$1,529$1,020
13 years$2,306$2,018$1,762$1,534$1,333$854
14 years$2,120$1,834$1,583$1,362$1,169$719
15 years$1,958$1,676$1,429$1,214$1,029$607
16 years$1,816$1,538$1,296$1,087$909$514
17 years$1,692$1,416$1,179$977$806$436
18 years$1,581$1,308$1,076$880$717$371
19 years$1,482$1,213$985$796$639$316
20 years$1,393$1,127$904$721$571$270
21 years$1,313$1,050$832$654$511$230
22 years$1,240$980$767$595$458$197
23 years$1,174$916$708$542$411$169
24 years$1,113$859$655$494$369$145
25 years$1,057$806$606$451$332$124
26 years$1,006$757$562$412$299$106
27 years$958$713$522$377$270$91
28 years$914$672$485$346$244$78
29 years$873$634$452$317$220$67
30 years$835$598$421$291$199$58
31 years$799$566$392$267$180$50
32 years$766$535$366$246$163$43
33 years$734$507$342$226$147$37
34 years$705$480$319$208$133$32
35 years$677$456$298$191$121$27
36 years$651$432$279$176$109$23
37 years$627$411$261$162$99$20
38 years$603$390$245$150$90$17
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$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 $2,827 every year, while hoping to spend $23,176 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: 48/22/30 Blend
46$410,000$410,000$410,000$410,000
47$454,736$433,006$426,651$472,546
48$476,460$429,564$416,285$481,953
49$499,623$425,177$404,794$489,685
50$524,348$419,774$392,118$497,642
51$550,768$413,279$378,190$505,857
52$579,030$405,614$362,944$514,370
53$609,295$396,693$346,307$523,224
54$641,741$386,429$328,206$532,469
55$676,561$374,726$308,563$542,161
56$713,967$361,484$287,296$552,365
57$754,192$346,598$264,322$563,154
58$797,495$329,956$239,551$574,610
59$844,154$311,439$212,891$586,825
60$894,481$290,922$184,246$599,906
61$948,813$268,273$153,514$613,969
62$1,007,526$243,352$120,590$629,147
63$1,071,027$216,010$85,364$645,589
64$1,139,769$186,092$47,721$663,461
65$1,214,247$153,432$7,541$682,951
66$1,295,006$117,855$0$704,267
67$1,382,644$79,178$0$738,956
68$1,477,822$37,205$0$779,278
69$1,581,263$0$0$823,153
70$1,693,765$0$0$872,954
71$1,816,206$0$0$936,996
72$1,949,550$0$0$1,006,783
73$2,094,861$0$0$1,082,876
74$2,253,306$0$0$1,165,893
75$2,426,174$0$0$1,256,514
76$2,614,879$0$0$1,355,486
77$2,820,981$0$0$1,463,634
78$3,046,196$0$0$1,581,864
79$3,292,413$0$0$1,711,175
80$3,561,713$0$0$1,852,667
81$3,856,386$0$0$2,007,550
82$4,178,954$0$0$2,177,158
83$4,532,195$0$0$2,362,958
84$4,919,166$0$0$2,566,566
85$5,343,235$0$0$2,789,765
86$5,808,113$0$0$3,034,514
87$6,317,884$0$0$3,302,973
88$6,877,048$0$0$3,597,522
89$7,490,561$0$0$3,920,781
90$8,163,882$0$0$4,275,636
91$8,903,024$0$0$4,665,267
92$9,714,611$0$0$5,093,175
93$10,605,940$0$0$5,563,220
94$11,585,048$0$0$6,079,652
95$12,660,790$0$0$6,647,153
96$13,842,921$0$0$7,270,881
97$15,142,187$0$0$7,956,519
98$16,570,428$0$0$8,710,329
99$18,140,687$0$0$9,539,208
100$19,867,335$0$0$10,450,757