Can I retire at age 47 with 600,000?

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 $600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$49,547$49,106$48,676$48,255$47,845$46,783
2 years$24,528$24,072$23,629$23,200$22,783$21,719
3 years$16,190$15,731$15,289$14,864$14,455$13,421
4 years$12,021$11,564$11,127$10,709$10,309$9,315
5 years$9,521$9,066$8,635$8,225$7,837$6,884
6 years$7,855$7,403$6,978$6,578$6,201$5,291
7 years$6,665$6,217$5,799$5,408$5,043$4,175
8 years$5,773$5,329$4,918$4,537$4,184$3,359
9 years$5,079$4,640$4,236$3,864$3,523$2,740
10 years$4,525$4,090$3,693$3,331$3,002$2,260
11 years$4,072$3,641$3,251$2,899$2,582$1,879
12 years$3,694$3,268$2,885$2,543$2,237$1,574
13 years$3,375$2,953$2,578$2,245$1,951$1,325
14 years$3,102$2,685$2,316$1,993$1,710$1,121
15 years$2,865$2,452$2,091$1,777$1,506$951
16 years$2,658$2,250$1,896$1,591$1,331$810
17 years$2,476$2,072$1,725$1,430$1,180$692
18 years$2,314$1,915$1,575$1,289$1,049$592
19 years$2,169$1,775$1,442$1,164$935$507
20 years$2,039$1,649$1,323$1,054$835$435
21 years$1,922$1,536$1,217$957$748$374
22 years$1,815$1,434$1,122$870$670$322
23 years$1,718$1,341$1,036$792$601$278
24 years$1,629$1,256$958$723$541$239
25 years$1,547$1,179$887$660$486$206
26 years$1,472$1,108$823$604$438$178
27 years$1,402$1,043$764$552$395$154
28 years$1,337$983$710$506$356$133
29 years$1,277$927$661$464$322$115
30 years$1,221$876$616$426$291$99
31 years$1,169$828$574$391$263$86
32 years$1,120$783$536$360$238$74
33 years$1,075$742$500$331$215$64
34 years$1,032$703$467$304$195$56
35 years$991$667$437$280$177$48
36 years$953$633$409$258$160$42
37 years$917$601$382$238$145$36
38 years$883$571$358$219$131$31
39 years$851$543$336$202$119$27
40 years$820$517$315$186$108$23
41 years$791$492$295$172$98$20
42 years$764$468$277$159$89$18
43 years$738$446$260$146$81$15
44 years$713$425$244$135$73$13
45 years$689$406$229$125$67$11
46 years$667$387$215$115$60$10
47 years$645$369$202$107$55$9
48 years$624$353$190$98$50$7
49 years$605$337$178$91$45$6
50 years$586$322$168$84$41$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $600,000, adding $3,641 every year, while hoping to spend $39,213 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: 53/25/22 Blend
46$600,000$600,000$600,000$600,000
47$664,956$633,156$623,856$695,988
48$691,059$622,458$603,033$707,045
49$718,510$609,922$580,198$714,696
50$747,406$595,416$555,242$722,194
51$777,851$578,801$528,052$729,539
52$809,959$559,929$498,509$736,732
53$843,854$538,644$466,488$743,776
54$879,671$514,783$431,860$750,677
55$917,559$488,168$394,488$757,446
56$957,679$458,617$354,232$764,096
57$1,000,206$425,933$310,943$770,644
58$1,045,334$389,911$264,467$777,115
59$1,093,272$350,331$214,641$783,538
60$1,144,252$306,963$161,297$789,947
61$1,198,525$259,564$104,260$796,387
62$1,256,367$207,875$43,345$802,910
63$1,318,080$151,624$0$809,576
64$1,383,995$90,524$0$821,544
65$1,454,474$24,272$0$845,001
66$1,529,916$0$0$869,912
67$1,610,756$0$0$909,495
68$1,697,472$0$0$959,157
69$1,790,590$0$0$1,012,527
70$1,890,685$0$0$1,069,940
71$1,998,390$0$0$1,131,764
72$2,114,398$0$0$1,198,404
73$2,239,472$0$0$1,270,305
74$2,374,451$0$0$1,347,953
75$2,520,254$0$0$1,431,886
76$2,677,892$0$0$1,522,694
77$2,848,477$0$0$1,621,023
78$3,033,232$0$0$1,727,587
79$3,233,499$0$0$1,843,169
80$3,450,756$0$0$1,968,630
81$3,686,627$0$0$2,104,919
82$3,942,900$0$0$2,253,076
83$4,221,541$0$0$2,414,250
84$4,524,711$0$0$2,589,701
85$4,854,791$0$0$2,780,818
86$5,214,398$0$0$2,989,128
87$5,606,415$0$0$3,216,313
88$6,034,012$0$0$3,464,223
89$6,500,680$0$0$3,734,895
90$7,010,260$0$0$4,030,571
91$7,566,983$0$0$4,353,719
92$8,175,505$0$0$4,707,058
93$8,840,951$0$0$5,093,579
94$9,568,967$0$0$5,516,577
95$10,365,767$0$0$5,979,679
96$11,238,194$0$0$6,486,880
97$12,193,786$0$0$7,042,581
98$13,240,840$0$0$7,651,625
99$14,388,498$0$0$8,319,348
100$15,646,825$0$0$9,051,628