Can I retire at age 47 with 530,000?

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 $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%18.4%
1 years$43,767$43,377$42,997$42,625$42,263$40,828
2 years$21,667$21,263$20,872$20,493$20,125$18,694
3 years$14,301$13,896$13,506$13,130$12,768$11,386
4 years$10,619$10,215$9,829$9,459$9,106$7,783
5 years$8,410$8,009$7,627$7,266$6,923$5,662
6 years$6,938$6,540$6,164$5,811$5,478$4,281
7 years$5,887$5,492$5,122$4,777$4,455$3,321
8 years$5,099$4,708$4,344$4,007$3,696$2,625
9 years$4,487$4,099$3,742$3,413$3,112$2,103
10 years$3,997$3,613$3,262$2,942$2,652$1,702
11 years$3,597$3,216$2,872$2,561$2,281$1,389
12 years$3,263$2,887$2,549$2,246$1,976$1,140
13 years$2,981$2,609$2,277$1,983$1,723$941
14 years$2,740$2,371$2,046$1,760$1,511$779
15 years$2,531$2,166$1,847$1,570$1,330$648
16 years$2,348$1,988$1,675$1,406$1,176$540
17 years$2,187$1,830$1,524$1,263$1,042$451
18 years$2,044$1,691$1,391$1,138$927$377
19 years$1,916$1,568$1,274$1,028$826$316
20 years$1,801$1,457$1,169$931$738$265
21 years$1,697$1,357$1,075$845$660$223
22 years$1,603$1,267$991$769$592$187
23 years$1,517$1,185$915$700$531$158
24 years$1,439$1,110$846$638$478$133
25 years$1,366$1,042$784$583$430$112
26 years$1,300$979$727$533$387$94
27 years$1,238$921$675$488$349$79
28 years$1,181$868$627$447$315$67
29 years$1,128$819$584$410$284$56
30 years$1,079$773$544$376$257$48
31 years$1,033$731$507$346$232$40
32 years$990$692$473$318$210$34
33 years$949$655$442$292$190$29
34 years$911$621$413$269$172$24
35 years$875$589$386$247$156$20
36 years$842$559$361$228$141$17
37 years$810$531$338$210$128$15
38 years$780$505$316$193$116$12
39 years$752$480$296$178$105$10
40 years$725$456$278$165$95$9
41 years$699$435$261$152$87$7
42 years$675$414$244$140$79$6
43 years$652$394$229$129$71$5
44 years$630$376$215$119$65$4
45 years$609$358$202$110$59$4
46 years$589$342$190$102$53$3
47 years$570$326$178$94$48$3
48 years$552$311$168$87$44$2
49 years$534$297$158$80$40$2
50 years$517$284$148$74$36$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $530,000, adding $3,610 every year, while hoping to spend $27,213 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: 49/38/13 Blend
46$530,000$530,000$530,000$530,000
47$587,784$559,694$551,479$614,319
48$618,783$558,164$540,999$631,424
49$652,033$555,648$529,256$646,864
50$687,733$552,067$516,179$663,026
51$726,104$547,341$501,693$679,986
52$767,388$541,382$485,721$697,830
53$811,850$534,098$468,181$716,654
54$859,782$525,393$448,989$736,566
55$911,505$515,162$428,055$757,684
56$967,371$503,297$405,287$780,145
57$1,027,765$489,682$380,587$804,096
58$1,093,115$474,193$353,854$829,706
59$1,163,886$456,702$324,982$857,160
60$1,240,593$437,071$293,859$886,667
61$1,323,801$415,155$260,371$918,459
62$1,414,131$390,800$224,396$952,793
63$1,512,267$363,844$185,808$989,957
64$1,618,960$334,114$144,474$1,030,271
65$1,735,038$301,430$100,258$1,074,091
66$1,861,411$265,599$53,016$1,121,812
67$1,999,080$226,418$2,596$1,173,874
68$2,149,146$183,673$0$1,230,767
69$2,312,824$137,138$0$1,300,135
70$2,491,447$86,573$0$1,376,324
71$2,686,486$31,726$0$1,459,667
72$2,899,557$0$0$1,550,931
73$3,132,442$0$0$1,662,534
74$3,387,100$0$0$1,799,134
75$3,665,691$0$0$1,948,627
76$3,970,590$0$0$2,112,298
77$4,304,416$0$0$2,291,557
78$4,670,051$0$0$2,487,961
79$5,070,667$0$0$2,703,222
80$5,509,761$0$0$2,939,227
81$5,991,182$0$0$3,198,052
82$6,519,169$0$0$3,481,987
83$7,098,393$0$0$3,793,552
84$7,733,998$0$0$4,135,524
85$8,431,648$0$0$4,510,960
86$9,197,586$0$0$4,923,229
87$10,038,686$0$0$5,376,043
88$10,962,520$0$0$5,873,488
89$11,977,432$0$0$6,420,070
90$13,092,612$0$0$7,020,748
91$14,318,185$0$0$7,680,990
92$15,665,306$0$0$8,406,816
93$17,146,263$0$0$9,204,861
94$18,774,595$0$0$10,082,433
95$20,565,218$0$0$11,047,587
96$22,534,567$0$0$12,109,194
97$24,700,748$0$0$13,277,029
98$27,083,711$0$0$14,561,863
99$29,705,435$0$0$15,975,564
100$32,590,140$0$0$17,531,206