Can I retire at age 47 with 520,000?

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 $520,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$42,941$42,559$42,185$41,821$41,466$40,284
2 years$21,258$20,862$20,478$20,106$19,745$18,564
3 years$14,031$13,634$13,251$12,882$12,527$11,383
4 years$10,419$10,022$9,643$9,281$8,935$7,836
5 years$8,251$7,857$7,484$7,129$6,792$5,743
6 years$6,807$6,416$6,048$5,701$5,374$4,375
7 years$5,776$5,388$5,026$4,687$4,371$3,422
8 years$5,003$4,619$4,262$3,932$3,626$2,727
9 years$4,402$4,021$3,671$3,349$3,054$2,203
10 years$3,922$3,545$3,201$2,887$2,602$1,799
11 years$3,529$3,156$2,818$2,512$2,238$1,481
12 years$3,202$2,832$2,501$2,204$1,939$1,227
13 years$2,925$2,560$2,234$1,946$1,691$1,022
14 years$2,688$2,327$2,007$1,727$1,482$855
15 years$2,483$2,125$1,812$1,540$1,305$718
16 years$2,304$1,950$1,643$1,379$1,153$604
17 years$2,146$1,796$1,495$1,239$1,023$510
18 years$2,005$1,660$1,365$1,117$909$431
19 years$1,880$1,538$1,250$1,009$811$365
20 years$1,767$1,429$1,147$914$724$310
21 years$1,665$1,331$1,055$829$648$263
22 years$1,573$1,243$972$754$581$224
23 years$1,489$1,162$898$687$521$190
24 years$1,412$1,089$830$626$469$162
25 years$1,341$1,022$769$572$422$138
26 years$1,275$960$713$523$380$118
27 years$1,215$904$662$479$342$100
28 years$1,159$852$616$439$309$85
29 years$1,107$804$573$402$279$73
30 years$1,058$759$534$369$252$62
31 years$1,013$717$497$339$228$53
32 years$971$679$464$312$206$45
33 years$931$643$433$287$187$39
34 years$894$609$405$264$169$33
35 years$859$578$379$243$153$28
36 years$826$548$354$224$139$24
37 years$795$521$331$206$126$21
38 years$765$495$310$190$114$18
39 years$737$471$291$175$103$15
40 years$711$448$273$161$94$13
41 years$686$426$256$149$85$11
42 years$662$406$240$137$77$9
43 years$639$387$225$127$70$8
44 years$618$369$211$117$64$7
45 years$597$352$198$108$58$6
46 years$578$335$186$100$52$5
47 years$559$320$175$92$48$4
48 years$541$306$164$85$43$4
49 years$524$292$155$79$39$3
50 years$508$279$145$73$36$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $520,000, adding $5,559 every year, while hoping to spend $23,929 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: 67/12/21 Blend
46$520,000$520,000$520,000$520,000
47$578,774$551,214$543,154$614,136
48$612,349$552,763$535,890$640,079
49$648,546$553,586$527,580$665,170
50$687,608$553,623$518,164$692,040
51$729,801$552,807$507,580$720,862
52$775,418$551,072$495,760$751,831
53$824,780$548,343$482,637$785,158
54$878,240$544,545$468,138$821,081
55$936,187$539,594$452,187$859,859
56$999,048$533,404$434,706$901,780
57$1,067,293$525,883$415,610$947,160
58$1,141,439$516,933$394,815$996,351
59$1,222,054$506,451$372,230$1,049,740
60$1,309,764$494,328$347,760$1,107,754
61$1,405,256$480,446$321,307$1,170,866
62$1,509,289$464,685$292,767$1,239,597
63$1,622,695$446,912$262,033$1,314,522
64$1,746,391$426,992$228,992$1,396,277
65$1,881,386$404,779$193,527$1,485,564
66$2,028,793$380,118$155,516$1,583,156
67$2,189,834$352,848$114,829$1,689,910
68$2,365,855$322,795$71,334$1,806,767
69$2,558,338$289,779$24,890$1,934,771
70$2,768,917$253,606$0$2,075,070
71$2,999,388$214,075$0$2,234,461
72$3,251,731$170,969$0$2,415,128
73$3,528,124$124,064$0$2,613,066
74$3,830,968$73,118$0$2,830,018
75$4,162,906$17,880$0$3,067,904
76$4,526,848$0$0$3,328,838
77$4,926,002$0$0$3,620,688
78$5,363,898$0$0$3,943,488
79$5,844,425$0$0$4,297,749
80$6,371,869$0$0$4,686,633
81$6,950,948$0$0$5,113,624
82$7,586,862$0$0$5,582,561
83$8,285,337$0$0$6,097,670
84$9,052,681$0$0$6,663,610
85$9,895,845$0$0$7,285,511
86$10,822,486$0$0$7,969,025
87$11,841,037$0$0$8,720,381
88$12,960,793$0$0$9,546,438
89$14,191,990$0$0$10,454,754
90$15,545,910$0$0$11,453,659
91$17,034,978$0$0$12,552,326
92$18,672,889$0$0$13,760,864
93$20,474,727$0$0$15,090,412
94$22,457,115$0$0$16,553,241
95$24,638,366$0$0$18,162,872
96$27,038,659$0$0$19,934,203
97$29,680,228$0$0$21,883,649
98$32,587,572$0$0$24,029,298
99$35,787,683$0$0$26,391,079
100$39,310,306$0$0$28,990,952