Can I retire at age 47 with 470,000?

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 $470,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$38,812$38,466$38,129$37,800$37,478$36,149
2 years$19,214$18,856$18,509$18,173$17,847$16,521
3 years$12,682$12,323$11,977$11,644$11,323$10,043
4 years$9,417$9,058$8,716$8,389$8,076$6,852
5 years$7,458$7,102$6,764$6,443$6,139$4,974
6 years$6,153$5,799$5,466$5,153$4,857$3,752
7 years$5,221$4,870$4,543$4,236$3,950$2,905
8 years$4,522$4,175$3,852$3,554$3,277$2,290
9 years$3,979$3,635$3,318$3,027$2,760$1,830
10 years$3,545$3,204$2,893$2,609$2,352$1,477
11 years$3,190$2,852$2,547$2,271$2,022$1,202
12 years$2,894$2,560$2,260$1,992$1,753$984
13 years$2,644$2,314$2,019$1,759$1,528$810
14 years$2,430$2,103$1,814$1,561$1,340$669
15 years$2,244$1,921$1,638$1,392$1,180$555
16 years$2,082$1,763$1,485$1,247$1,043$461
17 years$1,939$1,623$1,351$1,120$924$384
18 years$1,813$1,500$1,234$1,009$822$320
19 years$1,699$1,390$1,129$912$733$268
20 years$1,597$1,292$1,037$826$654$224
21 years$1,505$1,203$953$750$586$187
22 years$1,422$1,123$879$682$525$157
23 years$1,346$1,050$811$621$471$132
24 years$1,276$984$750$566$423$111
25 years$1,212$924$695$517$381$93
26 years$1,153$868$645$473$343$78
27 years$1,098$817$599$433$309$66
28 years$1,048$770$556$396$279$55
29 years$1,001$726$518$364$252$46
30 years$957$686$482$334$228$39
31 years$916$648$450$306$206$33
32 years$878$613$420$282$186$28
33 years$842$581$392$259$169$23
34 years$808$551$366$238$153$19
35 years$776$522$342$219$138$16
36 years$746$496$320$202$125$14
37 years$718$471$300$186$114$12
38 years$692$447$281$172$103$10
39 years$666$425$263$158$93$8
40 years$643$405$246$146$85$7
41 years$620$385$231$135$77$6
42 years$598$367$217$124$70$5
43 years$578$350$203$115$63$4
44 years$558$333$191$106$57$3
45 years$540$318$179$98$52$3
46 years$522$303$168$90$47$2
47 years$505$289$158$83$43$2
48 years$489$276$149$77$39$2
49 years$474$264$140$71$35$1
50 years$459$252$131$66$32$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $470,000, adding $4,564 every year, while hoping to spend $24,579 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: 21/49/30 Blend
46$470,000$470,000$470,000$470,000
47$522,648$497,738$490,453$528,597
48$549,806$495,975$480,731$532,674
49$578,911$493,302$469,860$534,710
50$610,134$489,649$457,775$536,358
51$643,666$484,940$444,408$537,602
52$679,714$479,096$429,690$538,427
53$718,506$472,033$413,546$538,820
54$760,293$463,662$395,899$538,770
55$805,350$453,888$376,669$538,266
56$853,979$442,613$355,771$537,302
57$906,513$429,728$333,118$535,871
58$963,317$415,124$308,616$533,973
59$1,024,790$398,681$282,170$531,610
60$1,091,376$380,273$253,680$528,789
61$1,163,558$359,768$223,039$525,520
62$1,241,869$337,025$190,140$521,820
63$1,326,897$311,897$154,867$517,715
64$1,419,286$284,225$117,100$513,236
65$1,519,745$253,844$76,715$508,422
66$1,629,056$220,579$33,582$503,324
67$1,748,077$184,244$0$498,003
68$1,877,752$144,644$0$496,519
69$2,019,123$101,572$0$506,705
70$2,173,334$54,809$0$517,954
71$2,341,644$4,125$0$530,437
72$2,525,441$0$0$544,351
73$2,726,251$0$0$587,265
74$2,945,755$0$0$636,688
75$3,185,803$0$0$690,822
76$3,448,433$0$0$750,137
77$3,735,888$0$0$815,151
78$4,050,639$0$0$886,434
79$4,395,405$0$0$964,615
80$4,773,183$0$0$1,050,384
81$5,187,272$0$0$1,144,504
82$5,641,305$0$0$1,247,815
83$6,139,285$0$0$1,361,240
84$6,685,620$0$0$1,485,798
85$7,285,166$0$0$1,622,611
86$7,943,269$0$0$1,772,915
87$8,665,822$0$0$1,938,071
88$9,459,315$0$0$2,119,578
89$10,330,895$0$0$2,319,090
90$11,288,439$0$0$2,538,427
91$12,340,621$0$0$2,779,594
92$13,497,000$0$0$3,044,800
93$14,768,105$0$0$3,336,481
94$16,165,537$0$0$3,657,319
95$17,702,076$0$0$4,010,268
96$19,391,803$0$0$4,398,584
97$21,250,232$0$0$4,825,856
98$23,294,455$0$0$5,296,037
99$25,543,305$0$0$5,813,480
100$28,017,532$0$0$6,382,987