Can I retire at age 47 with 480,000?

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 $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%15.8%
1 years$39,638$39,285$38,940$38,604$38,276$37,366
2 years$19,623$19,257$18,903$18,560$18,227$17,315
3 years$12,952$12,585$12,232$11,891$11,564$10,679
4 years$9,617$9,251$8,901$8,567$8,247$7,397
5 years$7,617$7,253$6,908$6,580$6,269$5,455
6 years$6,284$5,923$5,583$5,262$4,961$4,183
7 years$5,332$4,974$4,639$4,326$4,034$3,294
8 years$4,618$4,264$3,934$3,629$3,347$2,643
9 years$4,064$3,712$3,389$3,091$2,819$2,151
10 years$3,620$3,272$2,954$2,665$2,402$1,770
11 years$3,257$2,913$2,601$2,319$2,065$1,468
12 years$2,955$2,614$2,308$2,034$1,790$1,226
13 years$2,700$2,363$2,062$1,796$1,561$1,030
14 years$2,481$2,148$1,853$1,594$1,368$869
15 years$2,292$1,962$1,673$1,422$1,205$735
16 years$2,127$1,800$1,517$1,273$1,065$624
17 years$1,981$1,658$1,380$1,144$944$532
18 years$1,851$1,532$1,260$1,031$839$453
19 years$1,735$1,420$1,153$931$748$388
20 years$1,631$1,319$1,059$844$668$332
21 years$1,537$1,229$974$766$598$284
22 years$1,452$1,147$897$696$536$244
23 years$1,374$1,073$829$634$481$209
24 years$1,303$1,005$766$578$433$180
25 years$1,238$943$710$528$389$155
26 years$1,177$887$658$483$351$133
27 years$1,121$834$611$442$316$115
28 years$1,070$786$568$405$285$99
29 years$1,022$742$529$371$258$85
30 years$977$700$493$341$233$73
31 years$935$662$459$313$210$63
32 years$896$627$428$288$190$55
33 years$860$593$400$265$172$47
34 years$825$562$374$243$156$41
35 years$793$533$349$224$141$35
36 years$762$506$327$206$128$30
37 years$734$481$306$190$116$26
38 years$706$457$287$175$105$22
39 years$681$435$268$162$95$19
40 years$656$413$252$149$86$17
41 years$633$394$236$137$78$14
42 years$611$375$221$127$71$12
43 years$590$357$208$117$65$11
44 years$570$340$195$108$59$9
45 years$551$325$183$100$53$8
46 years$533$310$172$92$48$7
47 years$516$295$162$85$44$6
48 years$500$282$152$79$40$5
49 years$484$269$143$73$36$4
50 years$469$257$134$67$33$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $480,000, adding $4,249 every year, while hoping to spend $38,890 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: 36/41/23 Blend
46$480,000$480,000$480,000$480,000
47$533,343$507,903$500,463$548,711
48$546,365$491,411$475,850$543,887
49$559,412$472,808$449,109$534,789
50$572,446$451,950$420,127$524,186
51$585,422$428,682$388,788$511,967
52$598,291$402,843$354,968$498,013
53$610,997$374,263$318,540$482,197
54$623,477$342,760$279,370$464,387
55$635,660$308,144$237,317$444,437
56$647,467$270,212$192,236$422,195
57$658,807$228,751$143,975$397,498
58$669,580$183,535$92,373$370,170
59$679,676$134,326$37,266$340,026
60$688,967$80,873$0$306,867
61$697,315$22,909$0$275,767
62$704,564$0$0$251,315
63$710,540$0$0$242,136
64$715,051$0$0$242,673
65$717,880$0$0$242,504
66$718,790$0$0$241,533
67$717,515$0$0$239,653
68$713,760$0$0$236,745
69$707,198$0$0$232,680
70$697,467$0$0$227,311
71$684,164$0$0$220,478
72$666,845$0$0$212,003
73$645,016$0$0$201,687
74$618,129$0$0$189,313
75$585,581$0$0$174,640
76$546,702$0$0$157,399
77$500,751$0$0$137,295
78$446,908$0$0$114,002
79$384,269$0$0$87,158
80$311,832$0$0$56,364
81$228,490$0$0$21,179
82$133,019$0$0$0
83$24,069$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0