Can I retire at age 47 with 540,000?

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 $540,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$44,593$44,195$43,808$43,430$43,060$42,156
2 years$22,076$21,664$21,266$20,880$20,505$19,599
3 years$14,571$14,158$13,761$13,378$13,009$12,129
4 years$10,819$10,408$10,014$9,638$9,278$8,430
5 years$8,569$8,160$7,771$7,403$7,053$6,240
6 years$7,069$6,663$6,280$5,920$5,581$4,804
7 years$5,998$5,596$5,219$4,867$4,539$3,798
8 years$5,195$4,796$4,426$4,083$3,765$3,060
9 years$4,571$4,176$3,812$3,478$3,171$2,501
10 years$4,072$3,681$3,324$2,998$2,702$2,066
11 years$3,665$3,277$2,926$2,609$2,324$1,722
12 years$3,325$2,941$2,597$2,289$2,014$1,445
13 years$3,038$2,658$2,320$2,020$1,756$1,219
14 years$2,792$2,416$2,085$1,794$1,539$1,033
15 years$2,579$2,207$1,882$1,599$1,355$879
16 years$2,392$2,025$1,706$1,432$1,198$750
17 years$2,228$1,865$1,553$1,287$1,062$642
18 years$2,083$1,723$1,417$1,160$944$550
19 years$1,952$1,597$1,298$1,048$842$473
20 years$1,835$1,484$1,191$949$752$407
21 years$1,730$1,382$1,095$861$673$350
22 years$1,633$1,290$1,010$783$603$302
23 years$1,546$1,207$932$713$541$261
24 years$1,466$1,131$862$650$487$226
25 years$1,392$1,061$798$594$438$195
26 years$1,324$997$741$543$394$169
27 years$1,262$939$688$497$356$146
28 years$1,204$884$639$456$321$127
29 years$1,150$834$595$418$290$110
30 years$1,099$788$554$383$262$95
31 years$1,052$745$517$352$237$82
32 years$1,008$705$482$324$214$71
33 years$967$668$450$298$194$62
34 years$928$633$420$274$175$54
35 years$892$600$393$252$159$47
36 years$858$570$368$232$144$41
37 years$825$541$344$214$130$35
38 years$795$514$322$197$118$31
39 years$766$489$302$182$107$27
40 years$738$465$283$168$97$23
41 years$712$443$265$155$88$20
42 years$687$422$249$143$80$17
43 years$664$402$234$132$73$15
44 years$642$383$219$122$66$13
45 years$620$365$206$112$60$11
46 years$600$348$193$104$54$10
47 years$581$332$182$96$49$9
48 years$562$317$171$89$45$7
49 years$544$303$160$82$41$6
50 years$527$289$151$76$37$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $540,000, adding $5,869 every year, while hoping to spend $22,665 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: 23/49/28 Blend
46$540,000$540,000$540,000$540,000
47$601,134$572,514$564,144$609,549
48$638,334$576,452$558,927$621,207
49$678,569$579,823$552,776$631,401
50$722,125$582,576$545,636$641,834
51$769,315$584,655$537,448$652,540
52$820,484$586,002$528,152$663,560
53$876,013$586,556$517,684$674,938
54$936,319$586,250$505,979$686,729
55$1,001,861$585,013$492,967$698,993
56$1,073,144$582,773$478,575$711,797
57$1,150,725$579,449$462,727$725,222
58$1,235,215$574,958$445,344$739,355
59$1,327,287$569,210$426,344$754,298
60$1,427,681$562,113$405,638$770,164
61$1,537,214$553,566$383,136$787,085
62$1,656,783$543,464$358,743$805,203
63$1,787,374$531,693$332,361$824,685
64$1,930,077$518,136$303,886$845,715
65$2,086,087$502,668$273,208$868,500
66$2,256,724$485,154$240,216$893,273
67$2,443,438$465,454$204,792$920,296
68$2,647,827$443,420$166,811$949,862
69$2,871,651$418,894$126,145$982,298
70$3,116,849$391,709$82,660$1,017,971
71$3,385,554$361,689$36,215$1,057,292
72$3,680,116$328,648$0$1,100,717
73$4,003,125$292,388$0$1,152,747
74$4,357,431$252,703$0$1,221,767
75$4,746,175$209,371$0$1,297,629
76$5,172,816$162,162$0$1,381,092
77$5,641,165$110,829$0$1,472,992
78$6,155,417$55,113$0$1,574,262
79$6,720,197$0$0$1,685,931
80$7,340,598$0$0$1,811,978
81$8,022,230$0$0$1,983,215
82$8,771,275$0$0$2,171,490
83$9,594,542$0$0$2,378,527
84$10,499,532$0$0$2,606,227
85$11,494,512$0$0$2,856,683
86$12,588,587$0$0$3,132,200
87$13,791,789$0$0$3,435,321
88$15,115,171$0$0$3,768,845
89$16,570,912$0$0$4,135,856
90$18,172,429$0$0$4,539,754
91$19,934,506$0$0$4,984,284
92$21,873,432$0$0$5,473,572
93$24,007,156$0$0$6,012,166
94$26,355,452$0$0$6,605,075
95$28,940,111$0$0$7,257,821
96$31,785,142$0$0$7,976,486
97$34,917,000$0$0$8,767,774
98$38,364,835$0$0$9,639,070
99$42,160,768$0$0$10,598,514
100$46,340,192$0$0$11,655,073