Can I retire at age 47 with 460,000?

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 $460,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$37,986$37,648$37,318$36,996$36,681$36,238
2 years$18,805$18,455$18,115$17,786$17,467$17,021
3 years$12,412$12,060$11,722$11,396$11,082$10,647
4 years$9,216$8,866$8,531$8,210$7,904$7,483
5 years$7,299$6,951$6,620$6,306$6,008$5,603
6 years$6,022$5,676$5,350$5,043$4,754$4,365
7 years$5,110$4,767$4,446$4,146$3,866$3,494
8 years$4,426$4,086$3,770$3,478$3,208$2,851
9 years$3,894$3,557$3,247$2,963$2,701$2,361
10 years$3,469$3,136$2,831$2,554$2,302$1,977
11 years$3,122$2,792$2,493$2,223$1,979$1,670
12 years$2,832$2,506$2,212$1,949$1,715$1,421
13 years$2,588$2,264$1,976$1,721$1,496$1,217
14 years$2,378$2,058$1,776$1,528$1,311$1,047
15 years$2,197$1,880$1,603$1,363$1,154$904
16 years$2,038$1,725$1,454$1,220$1,020$783
17 years$1,898$1,589$1,323$1,096$905$681
18 years$1,774$1,468$1,207$988$804$593
19 years$1,663$1,361$1,105$893$717$518
20 years$1,563$1,264$1,014$808$640$453
21 years$1,473$1,178$933$734$573$397
22 years$1,391$1,099$860$667$514$348
23 years$1,317$1,028$794$608$461$306
24 years$1,249$963$734$554$414$269
25 years$1,186$904$680$506$373$237
26 years$1,128$850$631$463$336$208
27 years$1,075$800$586$424$303$184
28 years$1,025$753$545$388$273$162
29 years$979$711$507$356$247$143
30 years$936$671$472$327$223$126
31 years$896$635$440$300$202$111
32 years$859$600$411$276$182$98
33 years$824$569$383$253$165$87
34 years$791$539$358$233$149$77
35 years$760$511$335$215$135$68
36 years$731$485$313$198$123$60
37 years$703$461$293$182$111$53
38 years$677$438$275$168$101$47
39 years$652$416$257$155$91$42
40 years$629$396$241$143$83$37
41 years$607$377$226$132$75$33
42 years$586$359$212$122$68$29
43 years$566$342$199$112$62$25
44 years$547$326$187$104$56$23
45 years$528$311$175$96$51$20
46 years$511$297$165$88$46$18
47 years$495$283$155$82$42$16
48 years$479$270$145$75$38$14
49 years$464$258$137$70$35$12
50 years$449$247$129$64$32$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $460,000, adding $5,930 every year, while hoping to spend $33,686 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: 55/33/12 Blend
46$460,000$460,000$460,000$460,000
47$513,037$488,657$481,527$539,362
48$529,525$476,759$461,816$545,994
49$546,566$463,150$440,316$549,031
50$564,180$447,709$416,932$551,550
51$582,390$430,310$391,563$553,510
52$601,218$410,820$364,104$554,864
53$620,689$389,096$334,448$555,564
54$640,827$364,990$302,480$555,561
55$661,659$338,342$268,081$554,801
56$683,214$308,986$231,127$553,226
57$705,520$276,745$191,488$550,780
58$728,609$241,431$149,029$547,397
59$752,513$202,848$103,607$543,013
60$777,268$160,785$55,076$537,559
61$802,909$115,024$3,281$530,960
62$829,476$65,330$0$523,141
63$857,010$11,459$0$520,677
64$885,555$0$0$517,707
65$915,157$0$0$530,757
66$945,866$0$0$548,616
67$977,733$0$0$567,154
68$1,010,816$0$0$586,404
69$1,045,174$0$0$606,402
70$1,080,872$0$0$627,185
71$1,117,976$0$0$648,794
72$1,156,562$0$0$671,273
73$1,196,706$0$0$694,668
74$1,238,494$0$0$719,030
75$1,282,015$0$0$744,412
76$1,327,367$0$0$770,873
77$1,374,654$0$0$798,474
78$1,423,990$0$0$827,283
79$1,475,495$0$0$857,372
80$1,529,300$0$0$888,821
81$1,585,548$0$0$921,713
82$1,644,392$0$0$956,140
83$1,705,996$0$0$992,202
84$1,770,541$0$0$1,030,006
85$1,838,222$0$0$1,069,670
86$1,909,250$0$0$1,111,318
87$1,983,853$0$0$1,155,090
88$2,062,282$0$0$1,201,135
89$2,144,806$0$0$1,249,616
90$2,231,722$0$0$1,300,709
91$2,323,349$0$0$1,354,608
92$2,420,038$0$0$1,411,524
93$2,522,171$0$0$1,471,686
94$2,630,162$0$0$1,535,344
95$2,744,467$0$0$1,602,772
96$2,865,580$0$0$1,674,268
97$2,994,044$0$0$1,750,159
98$3,130,451$0$0$1,830,803
99$3,275,449$0$0$1,916,589
100$3,429,745$0$0$2,007,946