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%14.8%
1 years$39,638$39,285$38,940$38,604$38,276$37,518
2 years$19,623$19,257$18,903$18,560$18,227$17,467
3 years$12,952$12,585$12,232$11,891$11,564$10,825
4 years$9,617$9,251$8,901$8,567$8,247$7,536
5 years$7,617$7,253$6,908$6,580$6,269$5,587
6 years$6,284$5,923$5,583$5,262$4,961$4,308
7 years$5,332$4,974$4,639$4,326$4,034$3,411
8 years$4,618$4,264$3,934$3,629$3,347$2,753
9 years$4,064$3,712$3,389$3,091$2,819$2,254
10 years$3,620$3,272$2,954$2,665$2,402$1,866
11 years$3,257$2,913$2,601$2,319$2,065$1,558
12 years$2,955$2,614$2,308$2,034$1,790$1,310
13 years$2,700$2,363$2,062$1,796$1,561$1,107
14 years$2,481$2,148$1,853$1,594$1,368$940
15 years$2,292$1,962$1,673$1,422$1,205$802
16 years$2,127$1,800$1,517$1,273$1,065$685
17 years$1,981$1,658$1,380$1,144$944$588
18 years$1,851$1,532$1,260$1,031$839$505
19 years$1,735$1,420$1,153$931$748$435
20 years$1,631$1,319$1,059$844$668$375
21 years$1,537$1,229$974$766$598$324
22 years$1,452$1,147$897$696$536$280
23 years$1,374$1,073$829$634$481$242
24 years$1,303$1,005$766$578$433$210
25 years$1,238$943$710$528$389$182
26 years$1,177$887$658$483$351$158
27 years$1,121$834$611$442$316$137
28 years$1,070$786$568$405$285$119
29 years$1,022$742$529$371$258$103
30 years$977$700$493$341$233$90
31 years$935$662$459$313$210$78
32 years$896$627$428$288$190$68
33 years$860$593$400$265$172$59
34 years$825$562$374$243$156$51
35 years$793$533$349$224$141$45
36 years$762$506$327$206$128$39
37 years$734$481$306$190$116$34
38 years$706$457$287$175$105$29
39 years$681$435$268$162$95$26
40 years$656$413$252$149$86$22
41 years$633$394$236$137$78$19
42 years$611$375$221$127$71$17
43 years$590$357$208$117$65$15
44 years$570$340$195$108$59$13
45 years$551$325$183$100$53$11
46 years$533$310$172$92$48$10
47 years$516$295$162$85$44$8
48 years$500$282$152$79$40$7
49 years$484$269$143$73$36$6
50 years$469$257$134$67$33$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $480,000, adding $4,855 every year, while hoping to spend $31,215 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: 50/30/20 Blend
46$480,000$480,000$480,000$480,000
47$533,968$508,528$501,088$557,462
48$555,220$500,233$484,662$565,934
49$577,594$490,486$466,639$571,545
50$601,171$479,182$446,934$576,983
51$626,039$466,211$425,455$582,245
52$652,296$451,456$402,109$587,326
53$680,046$434,794$376,796$592,227
54$709,406$416,093$349,413$596,947
55$740,500$395,217$319,853$601,491
56$773,465$372,017$288,003$605,865
57$808,453$346,340$253,745$610,078
58$845,626$318,021$216,956$614,145
59$885,164$286,888$177,508$618,082
60$927,263$252,759$135,268$621,914
61$972,139$215,439$90,094$625,668
62$1,020,026$174,724$41,841$629,381
63$1,071,183$130,400$0$633,094
64$1,125,892$82,237$0$638,920
65$1,184,463$29,997$0$654,522
66$1,247,235$0$0$671,068
67$1,314,582$0$0$697,452
68$1,386,912$0$0$736,460
69$1,464,675$0$0$778,433
70$1,548,363$0$0$823,644
71$1,638,517$0$0$872,390
72$1,735,732$0$0$924,997
73$1,840,660$0$0$981,824
74$1,954,020$0$0$1,043,265
75$2,076,599$0$0$1,109,754
76$2,209,264$0$0$1,181,767
77$2,352,967$0$0$1,259,828
78$2,508,757$0$0$1,344,513
79$2,677,785$0$0$1,436,457
80$2,861,317$0$0$1,536,354
81$3,060,747$0$0$1,644,973
82$3,277,607$0$0$1,763,156
83$3,513,584$0$0$1,891,831
84$3,770,533$0$0$2,032,019
85$4,050,496$0$0$2,184,844
86$4,355,719$0$0$2,351,542
87$4,688,675$0$0$2,533,474
88$5,052,085$0$0$2,732,139
89$5,448,947$0$0$2,949,185
90$5,882,557$0$0$3,186,429
91$6,356,546$0$0$3,445,869
92$6,874,912$0$0$3,729,706
93$7,442,057$0$0$4,040,364
94$8,062,826$0$0$4,380,511
95$8,742,557$0$0$4,753,087
96$9,487,126$0$0$5,161,326
97$10,303,005$0$0$5,608,794
98$11,197,322$0$0$6,099,415
99$12,177,926$0$0$6,637,514
100$13,253,464$0$0$7,227,851