Can I retire at age 47 with 510,000?

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 $510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$42,115$41,740$41,374$41,017$40,668$40,429
2 years$20,849$20,461$20,085$19,720$19,366$19,124
3 years$13,761$13,371$12,996$12,635$12,286$12,050
4 years$10,218$9,829$9,458$9,103$8,763$8,534
5 years$8,093$7,706$7,340$6,992$6,661$6,440
6 years$6,676$6,293$5,932$5,591$5,271$5,058
7 years$5,665$5,285$4,929$4,597$4,287$4,082
8 years$4,907$4,530$4,180$3,856$3,556$3,360
9 years$4,317$3,944$3,600$3,285$2,995$2,807
10 years$3,846$3,477$3,139$2,831$2,552$2,372
11 years$3,461$3,095$2,764$2,464$2,195$2,022
12 years$3,140$2,778$2,453$2,161$1,902$1,737
13 years$2,869$2,510$2,191$1,908$1,658$1,502
14 years$2,637$2,282$1,969$1,694$1,454$1,304
15 years$2,435$2,085$1,778$1,511$1,280$1,138
16 years$2,259$1,913$1,612$1,353$1,131$996
17 years$2,104$1,761$1,466$1,215$1,003$875
18 years$1,967$1,628$1,339$1,095$892$771
19 years$1,844$1,508$1,226$990$795$680
20 years$1,733$1,402$1,125$896$710$601
21 years$1,633$1,306$1,035$813$635$533
22 years$1,543$1,219$953$740$570$473
23 years$1,460$1,140$880$674$511$420
24 years$1,384$1,068$814$614$460$373
25 years$1,315$1,002$754$561$414$332
26 years$1,251$942$699$513$372$296
27 years$1,192$887$649$470$336$264
28 years$1,137$835$604$430$303$236
29 years$1,086$788$562$395$274$211
30 years$1,038$744$523$362$247$188
31 years$994$704$488$333$224$168
32 years$952$666$455$306$202$150
33 years$913$630$425$281$183$135
34 years$877$598$397$259$166$120
35 years$842$567$371$238$150$108
36 years$810$538$347$219$136$97
37 years$779$511$325$202$123$86
38 years$751$486$304$186$112$77
39 years$723$462$285$172$101$69
40 years$697$439$267$158$92$62
41 years$673$418$251$146$83$56
42 years$649$398$235$135$76$50
43 years$627$379$221$124$69$45
44 years$606$362$207$115$62$40
45 years$586$345$194$106$57$36
46 years$567$329$183$98$51$32
47 years$548$314$172$91$47$29
48 years$531$300$161$84$42$26
49 years$514$286$152$77$38$23
50 years$498$273$143$71$35$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $510,000, adding $6,678 every year, while hoping to spend $33,949 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: 37/45/18 Blend
46$510,000$510,000$510,000$510,000
47$568,908$541,878$533,973$586,642
48$590,816$532,309$515,740$590,496
49$613,819$521,133$495,758$590,958
50$637,996$508,235$473,933$590,744
51$663,428$493,495$450,166$589,814
52$690,205$476,784$424,354$588,124
53$718,426$457,966$396,390$585,630
54$748,196$436,897$366,159$582,287
55$779,632$413,425$333,546$578,048
56$812,861$387,390$298,426$572,867
57$848,022$358,620$260,672$566,695
58$885,264$326,937$220,149$559,484
59$924,753$292,149$176,716$551,187
60$966,670$254,057$130,229$541,754
61$1,011,212$212,447$80,532$531,137
62$1,058,594$167,095$27,469$519,289
63$1,109,053$117,765$0$506,163
64$1,162,846$64,206$0$497,315
65$1,220,258$6,153$0$493,096
66$1,281,598$0$0$488,218
67$1,347,206$0$0$510,745
68$1,417,455$0$0$538,173
69$1,492,753$0$0$567,622
70$1,573,550$0$0$599,274
71$1,660,337$0$0$633,327
72$1,753,654$0$0$670,001
73$1,854,094$0$0$709,536
74$1,962,308$0$0$752,196
75$2,079,012$0$0$798,271
76$2,204,991$0$0$848,081
77$2,341,108$0$0$901,976
78$2,488,312$0$0$960,340
79$2,647,646$0$0$1,023,598
80$2,820,256$0$0$1,092,216
81$3,007,403$0$0$1,166,705
82$3,210,472$0$0$1,247,629
83$3,430,989$0$0$1,335,608
84$3,670,629$0$0$1,431,323
85$3,931,237$0$0$1,535,526
86$4,214,842$0$0$1,649,040
87$4,523,678$0$0$1,772,775
88$4,860,201$0$0$1,907,730
89$5,227,116$0$0$2,055,006
90$5,627,397$0$0$2,215,813
91$6,064,322$0$0$2,391,485
92$6,541,495$0$0$2,583,491
93$7,062,886$0$0$2,793,445
94$7,632,865$0$0$3,023,127
95$8,256,243$0$0$3,274,497
96$8,938,317$0$0$3,549,711
97$9,684,922$0$0$3,851,145
98$10,502,479$0$0$4,181,416
99$11,398,062$0$0$4,543,404
100$12,379,462$0$0$4,940,282