Can I retire at age 47 with 540,000?

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 $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%19.8%
1 years$44,593$44,195$43,808$43,430$43,060$41,368
2 years$22,076$21,664$21,266$20,880$20,505$18,821
3 years$14,571$14,158$13,761$13,378$13,009$11,386
4 years$10,819$10,408$10,014$9,638$9,278$7,729
5 years$8,569$8,160$7,771$7,403$7,053$5,581
6 years$7,069$6,663$6,280$5,920$5,581$4,187
7 years$5,998$5,596$5,219$4,867$4,539$3,223
8 years$5,195$4,796$4,426$4,083$3,765$2,526
9 years$4,571$4,176$3,812$3,478$3,171$2,006
10 years$4,072$3,681$3,324$2,998$2,702$1,609
11 years$3,665$3,277$2,926$2,609$2,324$1,301
12 years$3,325$2,941$2,597$2,289$2,014$1,058
13 years$3,038$2,658$2,320$2,020$1,756$865
14 years$2,792$2,416$2,085$1,794$1,539$710
15 years$2,579$2,207$1,882$1,599$1,355$584
16 years$2,392$2,025$1,706$1,432$1,198$482
17 years$2,228$1,865$1,553$1,287$1,062$398
18 years$2,083$1,723$1,417$1,160$944$330
19 years$1,952$1,597$1,298$1,048$842$273
20 years$1,835$1,484$1,191$949$752$227
21 years$1,730$1,382$1,095$861$673$189
22 years$1,633$1,290$1,010$783$603$157
23 years$1,546$1,207$932$713$541$131
24 years$1,466$1,131$862$650$487$109
25 years$1,392$1,061$798$594$438$91
26 years$1,324$997$741$543$394$75
27 years$1,262$939$688$497$356$63
28 years$1,204$884$639$456$321$52
29 years$1,150$834$595$418$290$44
30 years$1,099$788$554$383$262$36
31 years$1,052$745$517$352$237$30
32 years$1,008$705$482$324$214$25
33 years$967$668$450$298$194$21
34 years$928$633$420$274$175$18
35 years$892$600$393$252$159$15
36 years$858$570$368$232$144$12
37 years$825$541$344$214$130$10
38 years$795$514$322$197$118$9
39 years$766$489$302$182$107$7
40 years$738$465$283$168$97$6
41 years$712$443$265$155$88$5
42 years$687$422$249$143$80$4
43 years$664$402$234$132$73$3
44 years$642$383$219$122$66$3
45 years$620$365$206$112$60$2
46 years$600$348$193$104$54$2
47 years$581$332$182$96$49$2
48 years$562$317$171$89$45$1
49 years$544$303$160$82$41$1
50 years$527$289$151$76$37$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $540,000, adding $5,039 every year, while hoping to spend $32,555 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: 75/16/9 Blend
46$540,000$540,000$540,000$540,000
47$600,278$571,658$563,288$644,017
48$626,868$565,031$547,520$666,894
49$655,079$556,988$530,132$687,339
50$685,042$547,425$511,037$708,821
51$716,901$536,233$490,141$731,431
52$750,811$523,296$467,347$755,271
53$786,946$508,489$442,555$780,453
54$825,491$491,682$415,658$807,100
55$866,655$472,737$386,545$835,348
56$910,661$451,509$355,102$865,350
57$957,757$427,842$321,207$897,273
58$1,008,215$401,573$284,734$931,300
59$1,062,332$372,529$245,552$967,639
60$1,120,434$340,527$203,522$1,006,513
61$1,182,879$305,374$158,501$1,048,175
62$1,250,061$266,865$110,339$1,092,900
63$1,322,411$224,785$58,879$1,140,996
64$1,400,403$178,906$3,958$1,192,799
65$1,484,559$128,987$0$1,248,685
66$1,575,449$74,773$0$1,314,316
67$1,673,704$15,995$0$1,385,647
68$1,780,013$0$0$1,462,823
69$1,895,138$0$0$1,554,805
70$2,019,912$0$0$1,657,567
71$2,155,255$0$0$1,769,054
72$2,302,175$0$0$1,890,097
73$2,461,785$0$0$2,021,616
74$2,635,306$0$0$2,164,620
75$2,824,083$0$0$2,320,220
76$3,029,593$0$0$2,489,637
77$3,253,466$0$0$2,674,217
78$3,497,491$0$0$2,875,439
79$3,763,641$0$0$3,094,931
80$4,054,084$0$0$3,334,487
81$4,371,209$0$0$3,596,080
82$4,717,644$0$0$3,881,882
83$5,096,283$0$0$4,194,284
84$5,510,313$0$0$4,535,919
85$5,963,241$0$0$4,909,686
86$6,458,931$0$0$5,318,777
87$7,001,636$0$0$5,766,708
88$7,596,039$0$0$6,257,347
89$8,247,299$0$0$6,794,959
90$8,961,095$0$0$7,384,237
91$9,743,685$0$0$8,030,351
92$10,601,959$0$0$8,738,996
93$11,543,506$0$0$9,516,443
94$12,576,685$0$0$10,369,602
95$13,710,705$0$0$11,306,080
96$14,955,707$0$0$12,334,261
97$16,322,864$0$0$13,463,378
98$17,824,485$0$0$14,703,602
99$19,474,126$0$0$16,066,138
100$21,286,724$0$0$17,563,330