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%13%
1 years$44,593$44,195$43,808$43,430$43,060$42,522
2 years$22,076$21,664$21,266$20,880$20,505$19,964
3 years$14,571$14,158$13,761$13,378$13,009$12,481
4 years$10,819$10,408$10,014$9,638$9,278$8,768
5 years$8,569$8,160$7,771$7,403$7,053$6,562
6 years$7,069$6,663$6,280$5,920$5,581$5,109
7 years$5,998$5,596$5,219$4,867$4,539$4,087
8 years$5,195$4,796$4,426$4,083$3,765$3,333
9 years$4,571$4,176$3,812$3,478$3,171$2,758
10 years$4,072$3,681$3,324$2,998$2,702$2,309
11 years$3,665$3,277$2,926$2,609$2,324$1,949
12 years$3,325$2,941$2,597$2,289$2,014$1,658
13 years$3,038$2,658$2,320$2,020$1,756$1,418
14 years$2,792$2,416$2,085$1,794$1,539$1,219
15 years$2,579$2,207$1,882$1,599$1,355$1,052
16 years$2,392$2,025$1,706$1,432$1,198$911
17 years$2,228$1,865$1,553$1,287$1,062$791
18 years$2,083$1,723$1,417$1,160$944$689
19 years$1,952$1,597$1,298$1,048$842$601
20 years$1,835$1,484$1,191$949$752$525
21 years$1,730$1,382$1,095$861$673$460
22 years$1,633$1,290$1,010$783$603$403
23 years$1,546$1,207$932$713$541$354
24 years$1,466$1,131$862$650$487$311
25 years$1,392$1,061$798$594$438$273
26 years$1,324$997$741$543$394$240
27 years$1,262$939$688$497$356$212
28 years$1,204$884$639$456$321$187
29 years$1,150$834$595$418$290$164
30 years$1,099$788$554$383$262$145
31 years$1,052$745$517$352$237$128
32 years$1,008$705$482$324$214$113
33 years$967$668$450$298$194$100
34 years$928$633$420$274$175$88
35 years$892$600$393$252$159$78
36 years$858$570$368$232$144$69
37 years$825$541$344$214$130$61
38 years$795$514$322$197$118$54
39 years$766$489$302$182$107$47
40 years$738$465$283$168$97$42
41 years$712$443$265$155$88$37
42 years$687$422$249$143$80$33
43 years$664$402$234$132$73$29
44 years$642$383$219$122$66$26
45 years$620$365$206$112$60$23
46 years$600$348$193$104$54$20
47 years$581$332$182$96$49$18
48 years$562$317$171$89$45$16
49 years$544$303$160$82$41$14
50 years$527$289$151$76$37$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $540,000, adding $4,756 every year, while hoping to spend $28,639 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: 40/38/22 Blend
46$540,000$540,000$540,000$540,000
47$599,986$571,366$562,996$619,912
48$630,713$568,891$551,384$632,193
49$663,614$565,335$538,424$642,396
50$698,881$560,615$524,040$652,855
51$736,724$554,642$508,152$663,612
52$777,373$547,323$490,679$674,710
53$821,082$538,559$471,534$686,203
54$868,129$528,245$450,626$698,150
55$918,818$516,269$427,862$710,622
56$973,485$502,513$403,143$723,695
57$1,032,497$486,854$376,366$737,459
58$1,096,261$469,158$347,422$752,016
59$1,165,219$449,286$316,200$767,480
60$1,239,860$427,090$282,582$783,981
61$1,320,723$402,414$246,446$801,665
62$1,408,396$375,093$207,662$820,699
63$1,503,531$344,951$166,097$841,267
64$1,606,842$311,803$121,611$863,580
65$1,719,113$275,455$74,058$887,874
66$1,841,210$235,700$23,287$914,411
67$1,974,083$192,319$0$943,489
68$2,118,779$145,082$0$982,692
69$2,276,449$93,745$0$1,031,442
70$2,448,360$38,053$0$1,084,725
71$2,635,907$0$0$1,143,046
72$2,840,625$0$0$1,216,278
73$3,064,204$0$0$1,313,702
74$3,308,504$0$0$1,420,224
75$3,575,573$0$0$1,536,745
76$3,867,665$0$0$1,664,260
77$4,187,263$0$0$1,803,859
78$4,537,100$0$0$1,956,748
79$4,920,187$0$0$2,124,252
80$5,339,839$0$0$2,307,831
81$5,799,705$0$0$2,509,092
82$6,303,807$0$0$2,729,806
83$6,856,572$0$0$2,971,924
84$7,462,877$0$0$3,237,594
85$8,128,093$0$0$3,529,182
86$8,858,138$0$0$3,849,295
87$9,659,528$0$0$4,200,803
88$10,539,442$0$0$4,586,870
89$11,505,789$0$0$5,010,980
90$12,567,280$0$0$5,476,971
91$13,733,512$0$0$5,989,071
92$15,015,057$0$0$6,551,939
93$16,423,562$0$0$7,170,708
94$17,971,860$0$0$7,851,030
95$19,674,086$0$0$8,599,136
96$21,545,817$0$0$9,421,889
97$23,604,210$0$0$10,326,850
98$25,868,172$0$0$11,322,351
99$28,358,533$0$0$12,417,572
100$31,098,242$0$0$13,622,625