Can I retire at age 47 with 480,000?

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 $480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$39,638$39,285$38,940$38,604$38,276$36,977
2 years$19,623$19,257$18,903$18,560$18,227$16,931
3 years$12,952$12,585$12,232$11,891$11,564$10,312
4 years$9,617$9,251$8,901$8,567$8,247$7,049
5 years$7,617$7,253$6,908$6,580$6,269$5,128
6 years$6,284$5,923$5,583$5,262$4,961$3,877
7 years$5,332$4,974$4,639$4,326$4,034$3,008
8 years$4,618$4,264$3,934$3,629$3,347$2,377
9 years$4,064$3,712$3,389$3,091$2,819$1,904
10 years$3,620$3,272$2,954$2,665$2,402$1,541
11 years$3,257$2,913$2,601$2,319$2,065$1,258
12 years$2,955$2,614$2,308$2,034$1,790$1,032
13 years$2,700$2,363$2,062$1,796$1,561$852
14 years$2,481$2,148$1,853$1,594$1,368$706
15 years$2,292$1,962$1,673$1,422$1,205$587
16 years$2,127$1,800$1,517$1,273$1,065$489
17 years$1,981$1,658$1,380$1,144$944$408
18 years$1,851$1,532$1,260$1,031$839$342
19 years$1,735$1,420$1,153$931$748$286
20 years$1,631$1,319$1,059$844$668$240
21 years$1,537$1,229$974$766$598$202
22 years$1,452$1,147$897$696$536$170
23 years$1,374$1,073$829$634$481$143
24 years$1,303$1,005$766$578$433$120
25 years$1,238$943$710$528$389$101
26 years$1,177$887$658$483$351$85
27 years$1,121$834$611$442$316$72
28 years$1,070$786$568$405$285$61
29 years$1,022$742$529$371$258$51
30 years$977$700$493$341$233$43
31 years$935$662$459$313$210$36
32 years$896$627$428$288$190$31
33 years$860$593$400$265$172$26
34 years$825$562$374$243$156$22
35 years$793$533$349$224$141$18
36 years$762$506$327$206$128$16
37 years$734$481$306$190$116$13
38 years$706$457$287$175$105$11
39 years$681$435$268$162$95$9
40 years$656$413$252$149$86$8
41 years$633$394$236$137$78$7
42 years$611$375$221$127$71$6
43 years$590$357$208$117$65$5
44 years$570$340$195$108$59$4
45 years$551$325$183$100$53$3
46 years$533$310$172$92$48$3
47 years$516$295$162$85$44$2
48 years$500$282$152$79$40$2
49 years$484$269$143$73$36$2
50 years$469$257$134$67$33$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $480,000, adding $3,890 every year, while hoping to spend $36,041 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: 73/21/6 Blend
46$480,000$480,000$480,000$480,000
47$532,973$507,533$500,093$571,222
48$548,988$494,054$478,498$583,473
49$565,430$478,708$454,973$591,965
50$582,302$461,363$429,413$600,241
51$599,611$441,883$401,712$608,267
52$617,359$420,123$371,757$616,009
53$635,550$395,930$339,431$623,427
54$654,186$369,140$304,612$630,480
55$673,267$339,583$267,171$637,124
56$692,794$307,076$226,975$643,310
57$712,765$271,428$183,884$648,985
58$733,176$232,437$137,754$654,093
59$754,022$189,889$88,430$658,574
60$775,295$143,556$35,755$662,362
61$796,985$93,200$0$665,385
62$819,080$38,569$0$668,878
63$841,563$0$0$673,977
64$864,417$0$0$683,073
65$887,618$0$0$701,349
66$911,138$0$0$719,870
67$934,947$0$0$738,610
68$959,007$0$0$757,539
69$983,274$0$0$776,622
70$1,007,700$0$0$795,819
71$1,032,228$0$0$815,083
72$1,056,792$0$0$834,362
73$1,081,319$0$0$853,596
74$1,105,725$0$0$872,717
75$1,129,915$0$0$891,648
76$1,153,782$0$0$910,302
77$1,177,204$0$0$928,581
78$1,200,046$0$0$946,376
79$1,222,155$0$0$963,563
80$1,243,360$0$0$980,004
81$1,263,469$0$0$995,544
82$1,282,268$0$0$1,010,009
83$1,299,517$0$0$1,023,207
84$1,314,948$0$0$1,034,922
85$1,328,265$0$0$1,044,913
86$1,339,134$0$0$1,052,913
87$1,347,187$0$0$1,058,623
88$1,352,011$0$0$1,061,713
89$1,353,152$0$0$1,061,814
90$1,350,101$0$0$1,058,517
91$1,342,295$0$0$1,051,368
92$1,329,108$0$0$1,039,864
93$1,309,849$0$0$1,023,446
94$1,283,748$0$0$1,001,495
95$1,249,954$0$0$973,325
96$1,207,524$0$0$938,177
97$1,155,413$0$0$895,210
98$1,092,466$0$0$843,492
99$1,017,403$0$0$781,993
100$928,809$0$0$709,574