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%17.7%
1 years$42,115$41,740$41,374$41,017$40,668$39,398
2 years$20,849$20,461$20,085$19,720$19,366$18,097
3 years$13,761$13,371$12,996$12,635$12,286$11,060
4 years$10,218$9,829$9,458$9,103$8,763$7,587
5 years$8,093$7,706$7,340$6,992$6,661$5,540
6 years$6,676$6,293$5,932$5,591$5,271$4,204
7 years$5,665$5,285$4,929$4,597$4,287$3,275
8 years$4,907$4,530$4,180$3,856$3,556$2,599
9 years$4,317$3,944$3,600$3,285$2,995$2,091
10 years$3,846$3,477$3,139$2,831$2,552$1,700
11 years$3,461$3,095$2,764$2,464$2,195$1,393
12 years$3,140$2,778$2,453$2,161$1,902$1,149
13 years$2,869$2,510$2,191$1,908$1,658$953
14 years$2,637$2,282$1,969$1,694$1,454$793
15 years$2,435$2,085$1,778$1,511$1,280$663
16 years$2,259$1,913$1,612$1,353$1,131$555
17 years$2,104$1,761$1,466$1,215$1,003$466
18 years$1,967$1,628$1,339$1,095$892$392
19 years$1,844$1,508$1,226$990$795$330
20 years$1,733$1,402$1,125$896$710$279
21 years$1,633$1,306$1,035$813$635$235
22 years$1,543$1,219$953$740$570$199
23 years$1,460$1,140$880$674$511$168
24 years$1,384$1,068$814$614$460$142
25 years$1,315$1,002$754$561$414$121
26 years$1,251$942$699$513$372$102
27 years$1,192$887$649$470$336$87
28 years$1,137$835$604$430$303$73
29 years$1,086$788$562$395$274$62
30 years$1,038$744$523$362$247$53
31 years$994$704$488$333$224$45
32 years$952$666$455$306$202$38
33 years$913$630$425$281$183$32
34 years$877$598$397$259$166$27
35 years$842$567$371$238$150$23
36 years$810$538$347$219$136$20
37 years$779$511$325$202$123$17
38 years$751$486$304$186$112$14
39 years$723$462$285$172$101$12
40 years$697$439$267$158$92$10
41 years$673$418$251$146$83$9
42 years$649$398$235$135$76$7
43 years$627$379$221$124$69$6
44 years$606$362$207$115$62$5
45 years$586$345$194$106$57$5
46 years$567$329$183$98$51$4
47 years$548$314$172$91$47$3
48 years$531$300$161$84$42$3
49 years$514$286$152$77$38$2
50 years$498$273$143$71$35$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $510,000, adding $4,179 every year, while hoping to spend $30,388 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: 83/6/11 Blend
46$510,000$510,000$510,000$510,000
47$566,331$539,301$531,396$611,962
48$591,764$533,394$516,865$636,546
49$618,773$526,179$500,829$659,065
50$647,486$517,560$483,205$682,878
51$678,044$507,435$463,907$708,096
52$710,601$495,697$442,845$734,844
53$745,327$482,230$419,924$763,258
54$782,405$466,913$395,046$793,488
55$822,038$449,620$368,108$825,700
56$864,448$430,214$339,002$860,076
57$909,879$408,551$307,616$896,817
58$958,597$384,481$273,831$936,145
59$1,010,896$357,843$237,527$978,304
60$1,067,097$328,466$198,573$1,023,562
61$1,127,552$296,173$156,837$1,072,215
62$1,192,650$260,773$112,179$1,124,592
63$1,262,816$222,066$64,452$1,181,051
64$1,338,516$179,841$13,504$1,241,990
65$1,420,266$133,873$0$1,307,846
66$1,508,628$83,928$0$1,383,898
67$1,604,223$29,756$0$1,467,886
68$1,707,733$0$0$1,558,829
69$1,819,907$0$0$1,659,304
70$1,941,569$0$0$1,770,417
71$2,073,626$0$0$1,891,032
72$2,217,074$0$0$2,022,061
73$2,373,010$0$0$2,164,506
74$2,542,640$0$0$2,319,471
75$2,727,292$0$0$2,488,170
76$2,928,424$0$0$2,671,937
77$3,147,645$0$0$2,872,242
78$3,386,723$0$0$3,090,704
79$3,647,605$0$0$3,329,101
80$3,932,432$0$0$3,589,395
81$4,243,565$0$0$3,873,740
82$4,583,598$0$0$4,184,514
83$4,955,392$0$0$4,524,329
84$5,362,093$0$0$4,896,065
85$5,807,167$0$0$5,302,890
86$6,294,430$0$0$5,748,296
87$6,828,084$0$0$6,236,126
88$7,412,756$0$0$6,770,611
89$8,053,544$0$0$7,356,414
90$8,756,060$0$0$7,998,667
91$9,526,486$0$0$8,703,025
92$10,371,630$0$0$9,475,715
93$11,298,993$0$0$10,323,596
94$12,316,834$0$0$11,254,224
95$13,434,254$0$0$12,275,921
96$14,661,275$0$0$13,397,855
97$16,008,939$0$0$14,630,124
98$17,489,410$0$0$15,983,854
99$19,116,086$0$0$17,471,300
100$20,903,731$0$0$19,105,965