Can I retire at age 47 with 570,000?

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 $570,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$47,070$46,651$46,242$45,842$45,453$44,922
2 years$23,302$22,868$22,447$22,040$21,644$21,110
3 years$15,380$14,945$14,525$14,121$13,732$13,211
4 years$11,420$10,986$10,570$10,173$9,794$9,290
5 years$9,045$8,613$8,203$7,814$7,445$6,960
6 years$7,462$7,033$6,629$6,249$5,891$5,425
7 years$6,331$5,906$5,509$5,138$4,791$4,344
8 years$5,484$5,063$4,672$4,310$3,975$3,547
9 years$4,825$4,408$4,024$3,671$3,347$2,939
10 years$4,299$3,886$3,508$3,164$2,852$2,463
11 years$3,868$3,459$3,089$2,754$2,453$2,082
12 years$3,510$3,105$2,741$2,416$2,126$1,773
13 years$3,206$2,806$2,449$2,133$1,853$1,519
14 years$2,947$2,550$2,200$1,893$1,625$1,307
15 years$2,722$2,330$1,987$1,688$1,431$1,130
16 years$2,525$2,138$1,801$1,512$1,264$980
17 years$2,352$1,969$1,639$1,358$1,121$852
18 years$2,198$1,819$1,496$1,224$997$743
19 years$2,061$1,686$1,370$1,106$888$649
20 years$1,937$1,567$1,257$1,002$794$568
21 years$1,826$1,459$1,156$909$710$498
22 years$1,724$1,362$1,066$827$637$437
23 years$1,632$1,274$984$753$571$384
24 years$1,547$1,194$910$687$514$338
25 years$1,470$1,120$843$627$462$298
26 years$1,398$1,053$782$573$416$262
27 years$1,332$991$726$525$375$231
28 years$1,270$934$675$481$339$204
29 years$1,213$881$628$441$306$180
30 years$1,160$832$585$405$276$159
31 years$1,111$786$545$372$250$141
32 years$1,064$744$509$342$226$124
33 years$1,021$705$475$314$205$110
34 years$980$668$444$289$185$97
35 years$942$633$415$266$168$86
36 years$905$601$388$245$152$76
37 years$871$571$363$226$138$67
38 years$839$543$340$208$125$60
39 years$808$516$319$192$113$53
40 years$779$491$299$177$103$47
41 years$752$467$280$163$93$42
42 years$726$445$263$151$85$37
43 years$701$424$247$139$77$33
44 years$677$404$231$128$70$29
45 years$655$385$217$119$63$26
46 years$633$368$204$110$57$23
47 years$613$351$192$101$52$20
48 years$593$335$180$94$47$18
49 years$574$320$169$86$43$16
50 years$557$306$159$80$39$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $570,000, adding $4,211 every year, while hoping to spend $35,402 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: 58/36/6 Blend
46$570,000$570,000$570,000$570,000
47$632,484$602,274$593,439$668,158
48$659,330$594,118$575,651$684,444
49$687,727$584,375$556,082$697,796
50$717,797$572,932$534,633$711,461
51$749,672$559,665$511,202$725,470
52$783,496$544,446$485,685$739,862
53$819,427$527,138$457,970$754,679
54$857,638$507,597$427,940$769,969
55$898,316$485,668$395,476$785,787
56$941,670$461,191$360,450$802,198
57$987,924$433,994$322,729$819,272
58$1,037,329$403,896$282,177$837,092
59$1,090,154$370,705$238,648$855,750
60$1,146,699$334,219$191,992$875,351
61$1,207,290$294,223$142,051$896,013
62$1,272,286$250,492$88,662$917,871
63$1,342,079$202,786$31,652$941,073
64$1,417,102$150,854$0$965,791
65$1,497,828$94,428$0$994,084
66$1,584,779$33,226$0$1,026,581
67$1,678,524$0$0$1,061,506
68$1,779,693$0$0$1,112,235
69$1,888,975$0$0$1,181,287
70$2,007,127$0$0$1,255,985
71$2,134,984$0$0$1,336,858
72$2,273,460$0$0$1,424,493
73$2,423,564$0$0$1,519,532
74$2,586,402$0$0$1,622,682
75$2,763,191$0$0$1,734,720
76$2,955,272$0$0$1,856,501
77$3,164,118$0$0$1,988,967
78$3,391,349$0$0$2,133,151
79$3,638,750$0$0$2,290,194
80$3,908,281$0$0$2,461,348
81$4,202,105$0$0$2,647,993
82$4,522,596$0$0$2,851,647
83$4,872,371$0$0$3,073,980
84$5,254,310$0$0$3,316,833
85$5,671,584$0$0$3,582,230
86$6,127,681$0$0$3,872,400
87$6,626,444$0$0$4,189,798
88$7,172,104$0$0$4,537,127
89$7,769,319$0$0$4,917,362
90$8,423,218$0$0$5,333,782
91$9,139,449$0$0$5,789,993
92$9,924,234$0$0$6,289,972
93$10,784,423$0$0$6,838,094
94$11,727,560$0$0$7,439,181
95$12,761,955$0$0$8,098,542
96$13,896,762$0$0$8,822,026
97$15,142,061$0$0$9,616,074
98$16,508,958$0$0$10,487,782
99$18,009,683$0$0$11,444,968
100$19,657,712$0$0$12,496,240