Can I retire at age 47 with 460,000?

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 $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%15.6%
1 years$37,986$37,648$37,318$36,996$36,681$35,838
2 years$18,805$18,455$18,115$17,786$17,467$16,622
3 years$12,412$12,060$11,722$11,396$11,082$10,262
4 years$9,216$8,866$8,531$8,210$7,904$7,115
5 years$7,299$6,951$6,620$6,306$6,008$5,253
6 years$6,022$5,676$5,350$5,043$4,754$4,032
7 years$5,110$4,767$4,446$4,146$3,866$3,179
8 years$4,426$4,086$3,770$3,478$3,208$2,554
9 years$3,894$3,557$3,247$2,963$2,701$2,081
10 years$3,469$3,136$2,831$2,554$2,302$1,714
11 years$3,122$2,792$2,493$2,223$1,979$1,424
12 years$2,832$2,506$2,212$1,949$1,715$1,191
13 years$2,588$2,264$1,976$1,721$1,496$1,001
14 years$2,378$2,058$1,776$1,528$1,311$846
15 years$2,197$1,880$1,603$1,363$1,154$717
16 years$2,038$1,725$1,454$1,220$1,020$610
17 years$1,898$1,589$1,323$1,096$905$520
18 years$1,774$1,468$1,207$988$804$444
19 years$1,663$1,361$1,105$893$717$380
20 years$1,563$1,264$1,014$808$640$326
21 years$1,473$1,178$933$734$573$280
22 years$1,391$1,099$860$667$514$240
23 years$1,317$1,028$794$608$461$207
24 years$1,249$963$734$554$414$178
25 years$1,186$904$680$506$373$153
26 years$1,128$850$631$463$336$132
27 years$1,075$800$586$424$303$114
28 years$1,025$753$545$388$273$98
29 years$979$711$507$356$247$85
30 years$936$671$472$327$223$73
31 years$896$635$440$300$202$63
32 years$859$600$411$276$182$55
33 years$824$569$383$253$165$47
34 years$791$539$358$233$149$41
35 years$760$511$335$215$135$35
36 years$731$485$313$198$123$30
37 years$703$461$293$182$111$26
38 years$677$438$275$168$101$23
39 years$652$416$257$155$91$20
40 years$629$396$241$143$83$17
41 years$607$377$226$132$75$15
42 years$586$359$212$122$68$13
43 years$566$342$199$112$62$11
44 years$547$326$187$104$56$10
45 years$528$311$175$96$51$8
46 years$511$297$165$88$46$7
47 years$495$283$155$82$42$6
48 years$479$270$145$75$38$5
49 years$464$258$137$70$35$5
50 years$449$247$129$64$32$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $460,000, adding $6,692 every year, while hoping to spend $33,657 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: 43/49/8 Blend
46$460,000$460,000$460,000$460,000
47$513,823$489,443$482,313$534,449
48$530,422$477,615$462,659$537,624
49$547,586$464,079$441,220$537,107
50$565,338$448,716$417,898$535,776
51$583,699$431,401$392,595$533,569
52$602,696$411,999$365,206$530,421
53$622,353$390,369$335,623$526,262
54$642,698$366,362$303,732$521,019
55$663,760$339,820$269,413$514,614
56$685,568$310,576$232,543$506,967
57$708,155$278,454$192,992$497,991
58$731,555$243,266$150,625$487,594
59$755,803$204,815$105,301$475,682
60$780,938$162,894$56,871$462,152
61$807,000$117,282$5,183$446,899
62$834,032$67,747$0$429,809
63$862,080$14,044$0$415,032
64$891,192$0$0$398,925
65$921,422$0$0$404,703
66$952,823$0$0$418,577
67$985,456$0$0$433,003
68$1,019,384$0$0$448,011
69$1,054,676$0$0$463,630
70$1,091,403$0$0$479,896
71$1,129,645$0$0$496,843
72$1,169,485$0$0$514,510
73$1,211,015$0$0$532,940
74$1,254,331$0$0$552,177
75$1,299,539$0$0$572,270
76$1,346,752$0$0$593,271
77$1,396,093$0$0$615,237
78$1,447,693$0$0$638,230
79$1,501,697$0$0$662,315
80$1,558,258$0$0$687,565
81$1,617,546$0$0$714,058
82$1,679,741$0$0$741,878
83$1,745,043$0$0$771,118
84$1,813,665$0$0$801,878
85$1,885,842$0$0$834,267
86$1,961,827$0$0$868,404
87$2,041,896$0$0$904,417
88$2,126,352$0$0$942,448
89$2,215,522$0$0$982,650
90$2,309,764$0$0$1,025,190
91$2,409,469$0$0$1,070,253
92$2,515,063$0$0$1,118,038
93$2,627,012$0$0$1,168,763
94$2,745,826$0$0$1,222,668
95$2,872,061$0$0$1,280,014
96$3,006,325$0$0$1,341,087
97$3,149,287$0$0$1,406,200
98$3,301,674$0$0$1,475,698
99$3,464,286$0$0$1,549,955
100$3,637,999$0$0$1,629,384