Can I retire at age 47 with 570,000?

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 $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%19.2%
1 years$47,070$46,651$46,242$45,842$45,453$43,770
2 years$23,302$22,868$22,447$22,040$21,644$19,968
3 years$15,380$14,945$14,525$14,121$13,732$12,115
4 years$11,420$10,986$10,570$10,173$9,794$8,248
5 years$9,045$8,613$8,203$7,814$7,445$5,975
6 years$7,462$7,033$6,629$6,249$5,891$4,498
7 years$6,331$5,906$5,509$5,138$4,791$3,474
8 years$5,484$5,063$4,672$4,310$3,975$2,732
9 years$4,825$4,408$4,024$3,671$3,347$2,178
10 years$4,299$3,886$3,508$3,164$2,852$1,754
11 years$3,868$3,459$3,089$2,754$2,453$1,424
12 years$3,510$3,105$2,741$2,416$2,126$1,163
13 years$3,206$2,806$2,449$2,133$1,853$954
14 years$2,947$2,550$2,200$1,893$1,625$786
15 years$2,722$2,330$1,987$1,688$1,431$650
16 years$2,525$2,138$1,801$1,512$1,264$538
17 years$2,352$1,969$1,639$1,358$1,121$447
18 years$2,198$1,819$1,496$1,224$997$372
19 years$2,061$1,686$1,370$1,106$888$310
20 years$1,937$1,567$1,257$1,002$794$258
21 years$1,826$1,459$1,156$909$710$216
22 years$1,724$1,362$1,066$827$637$180
23 years$1,632$1,274$984$753$571$151
24 years$1,547$1,194$910$687$514$126
25 years$1,470$1,120$843$627$462$105
26 years$1,398$1,053$782$573$416$88
27 years$1,332$991$726$525$375$74
28 years$1,270$934$675$481$339$62
29 years$1,213$881$628$441$306$52
30 years$1,160$832$585$405$276$43
31 years$1,111$786$545$372$250$36
32 years$1,064$744$509$342$226$31
33 years$1,021$705$475$314$205$26
34 years$980$668$444$289$185$21
35 years$942$633$415$266$168$18
36 years$905$601$388$245$152$15
37 years$871$571$363$226$138$13
38 years$839$543$340$208$125$11
39 years$808$516$319$192$113$9
40 years$779$491$299$177$103$7
41 years$752$467$280$163$93$6
42 years$726$445$263$151$85$5
43 years$701$424$247$139$77$4
44 years$677$404$231$128$70$4
45 years$655$385$217$119$63$3
46 years$633$368$204$110$57$3
47 years$613$351$192$101$52$2
48 years$593$335$180$94$47$2
49 years$574$320$169$86$43$2
50 years$557$306$159$80$39$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $570,000, adding $3,315 every year, while hoping to spend $30,812 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: 41/36/23 Blend
46$570,000$570,000$570,000$570,000
47$631,559$601,349$592,514$653,059
48$663,195$598,032$579,580$665,456
49$697,024$593,519$565,179$675,683
50$733,239$587,720$549,231$686,136
51$772,049$580,538$531,650$696,854
52$813,684$571,870$512,347$707,880
53$858,397$561,609$491,227$719,265
54$906,465$549,639$468,195$731,069
55$958,192$535,839$443,147$743,358
56$1,013,911$520,079$415,976$756,210
57$1,073,991$502,224$386,572$769,711
58$1,138,834$482,128$354,818$783,963
59$1,208,882$459,640$320,592$799,079
60$1,284,623$434,597$283,766$815,187
61$1,366,591$406,829$244,209$832,433
62$1,455,374$376,154$201,781$850,982
63$1,551,619$342,383$156,338$871,018
64$1,656,037$305,312$107,727$892,753
65$1,769,409$264,728$55,792$916,419
66$1,892,595$220,407$368$942,282
67$2,026,542$172,108$0$970,639
68$2,172,289$119,582$0$1,016,247
69$2,330,983$62,562$0$1,066,087
70$2,503,883$766$0$1,120,532
71$2,692,375$0$0$1,180,097
72$2,897,986$0$0$1,271,537
73$3,122,395$0$0$1,371,738
74$3,367,452$0$0$1,481,231
75$3,635,192$0$0$1,600,933
76$3,927,855$0$0$1,731,856
77$4,247,909$0$0$1,875,114
78$4,598,070$0$0$2,031,932
79$4,981,329$0$0$2,203,661
80$5,400,980$0$0$2,391,787
81$5,860,648$0$0$2,597,947
82$6,364,330$0$0$2,823,945
83$6,916,422$0$0$3,071,766
84$7,521,770$0$0$3,343,599
85$8,185,710$0$0$3,641,851
86$8,914,118$0$0$3,969,177
87$9,713,468$0$0$4,328,500
88$10,590,890$0$0$4,723,039
89$11,554,239$0$0$5,156,342
90$12,612,166$0$0$5,632,315
91$13,774,203$0$0$6,155,264
92$15,050,848$0$0$6,729,930
93$16,453,670$0$0$7,361,537
94$17,995,409$0$0$8,055,840
95$19,690,105$0$0$8,819,180
96$21,553,224$0$0$9,658,543
97$23,601,805$0$0$10,581,624
98$25,854,621$0$0$11,596,904
99$28,332,355$0$0$12,713,725
100$31,057,796$0$0$13,942,380