Can I retire at age 47 with 530,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $530,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$43,767$43,377$42,997$42,625$42,263$41,891
2 years$21,667$21,263$20,872$20,493$20,125$19,751
3 years$14,301$13,896$13,506$13,130$12,768$12,403
4 years$10,619$10,215$9,829$9,459$9,106$8,752
5 years$8,410$8,009$7,627$7,266$6,923$6,581
6 years$6,938$6,540$6,164$5,811$5,478$5,149
7 years$5,887$5,492$5,122$4,777$4,455$4,139
8 years$5,099$4,708$4,344$4,007$3,696$3,393
9 years$4,487$4,099$3,742$3,413$3,112$2,823
10 years$3,997$3,613$3,262$2,942$2,652$2,376
11 years$3,597$3,216$2,872$2,561$2,281$2,017
12 years$3,263$2,887$2,549$2,246$1,976$1,725
13 years$2,981$2,609$2,277$1,983$1,723$1,485
14 years$2,740$2,371$2,046$1,760$1,511$1,284
15 years$2,531$2,166$1,847$1,570$1,330$1,115
16 years$2,348$1,988$1,675$1,406$1,176$971
17 years$2,187$1,830$1,524$1,263$1,042$849
18 years$2,044$1,691$1,391$1,138$927$744
19 years$1,916$1,568$1,274$1,028$826$653
20 years$1,801$1,457$1,169$931$738$575
21 years$1,697$1,357$1,075$845$660$506
22 years$1,603$1,267$991$769$592$447
23 years$1,517$1,185$915$700$531$395
24 years$1,439$1,110$846$638$478$349
25 years$1,366$1,042$784$583$430$309
26 years$1,300$979$727$533$387$274
27 years$1,238$921$675$488$349$243
28 years$1,181$868$627$447$315$216
29 years$1,128$819$584$410$284$192
30 years$1,079$773$544$376$257$170
31 years$1,033$731$507$346$232$151
32 years$990$692$473$318$210$135
33 years$949$655$442$292$190$120
34 years$911$621$413$269$172$106
35 years$875$589$386$247$156$95
36 years$842$559$361$228$141$84
37 years$810$531$338$210$128$75
38 years$780$505$316$193$116$67
39 years$752$480$296$178$105$60
40 years$725$456$278$165$95$53
41 years$699$435$261$152$87$47
42 years$675$414$244$140$79$42
43 years$652$394$229$129$71$38
44 years$630$376$215$119$65$34
45 years$609$358$202$110$59$30
46 years$589$342$190$102$53$27
47 years$570$326$178$94$48$24
48 years$552$311$168$87$44$21
49 years$534$297$158$80$40$19
50 years$517$284$148$74$36$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $530,000, adding $5,944 every year, while hoping to spend $40,354 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: 46/36/18 Blend
46$530,000$530,000$530,000$530,000
47$590,191$562,101$553,886$614,058
48$607,454$546,708$529,505$615,924
49$625,126$529,208$502,955$613,430
50$643,205$509,455$474,120$609,869
51$661,689$487,295$442,880$605,161
52$680,574$462,565$409,109$599,217
53$699,854$435,093$372,676$591,946
54$719,521$404,694$333,442$583,249
55$739,565$371,177$291,266$573,022
56$759,973$334,338$245,996$561,152
57$780,730$293,959$197,476$547,522
58$801,816$249,815$145,542$532,005
59$823,208$201,663$90,025$514,467
60$844,880$149,249$30,746$494,766
61$866,800$92,304$0$472,749
62$888,931$30,545$0$454,501
63$911,233$0$0$440,311
64$933,655$0$0$438,515
65$956,143$0$0$448,819
66$978,633$0$0$459,090
67$1,001,054$0$0$469,290
68$1,023,324$0$0$479,377
69$1,045,350$0$0$489,302
70$1,067,028$0$0$499,012
71$1,088,242$0$0$508,447
72$1,108,860$0$0$517,537
73$1,128,734$0$0$526,208
74$1,147,698$0$0$534,373
75$1,165,567$0$0$541,938
76$1,182,134$0$0$548,795
77$1,197,168$0$0$554,827
78$1,210,411$0$0$559,900
79$1,221,575$0$0$563,869
80$1,230,340$0$0$566,568
81$1,236,351$0$0$567,816
82$1,239,211$0$0$567,410
83$1,238,480$0$0$565,125
84$1,233,671$0$0$560,712
85$1,224,240$0$0$553,895
86$1,209,586$0$0$544,366
87$1,189,042$0$0$531,785
88$1,161,870$0$0$515,775
89$1,127,249$0$0$495,919
90$1,084,274$0$0$471,756
91$1,031,939$0$0$442,773
92$969,134$0$0$408,405
93$894,630$0$0$368,027
94$807,064$0$0$320,946
95$704,935$0$0$266,397
96$586,578$0$0$203,534
97$450,155$0$0$131,424
98$293,636$0$0$49,033
99$114,774$0$0$0
100$0$0$0$0