Can I retire at age 47 with 600,000?

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 $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%19.3%
1 years$49,547$49,106$48,676$48,255$47,845$46,056
2 years$24,528$24,072$23,629$23,200$22,783$21,001
3 years$16,190$15,731$15,289$14,864$14,455$12,736
4 years$12,021$11,564$11,127$10,709$10,309$8,667
5 years$9,521$9,066$8,635$8,225$7,837$6,275
6 years$7,855$7,403$6,978$6,578$6,201$4,721
7 years$6,665$6,217$5,799$5,408$5,043$3,644
8 years$5,773$5,329$4,918$4,537$4,184$2,864
9 years$5,079$4,640$4,236$3,864$3,523$2,282
10 years$4,525$4,090$3,693$3,331$3,002$1,837
11 years$4,072$3,641$3,251$2,899$2,582$1,490
12 years$3,694$3,268$2,885$2,543$2,237$1,216
13 years$3,375$2,953$2,578$2,245$1,951$997
14 years$3,102$2,685$2,316$1,993$1,710$821
15 years$2,865$2,452$2,091$1,777$1,506$678
16 years$2,658$2,250$1,896$1,591$1,331$561
17 years$2,476$2,072$1,725$1,430$1,180$466
18 years$2,314$1,915$1,575$1,289$1,049$387
19 years$2,169$1,775$1,442$1,164$935$322
20 years$2,039$1,649$1,323$1,054$835$269
21 years$1,922$1,536$1,217$957$748$224
22 years$1,815$1,434$1,122$870$670$187
23 years$1,718$1,341$1,036$792$601$156
24 years$1,629$1,256$958$723$541$131
25 years$1,547$1,179$887$660$486$109
26 years$1,472$1,108$823$604$438$91
27 years$1,402$1,043$764$552$395$76
28 years$1,337$983$710$506$356$64
29 years$1,277$927$661$464$322$54
30 years$1,221$876$616$426$291$45
31 years$1,169$828$574$391$263$38
32 years$1,120$783$536$360$238$31
33 years$1,075$742$500$331$215$26
34 years$1,032$703$467$304$195$22
35 years$991$667$437$280$177$19
36 years$953$633$409$258$160$16
37 years$917$601$382$238$145$13
38 years$883$571$358$219$131$11
39 years$851$543$336$202$119$9
40 years$820$517$315$186$108$8
41 years$791$492$295$172$98$6
42 years$764$468$277$159$89$5
43 years$738$446$260$146$81$5
44 years$713$425$244$135$73$4
45 years$689$406$229$125$67$3
46 years$667$387$215$115$60$3
47 years$645$369$202$107$55$2
48 years$624$353$190$98$50$2
49 years$605$337$178$91$45$2
50 years$586$322$168$84$41$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $600,000, adding $2,743 every year, while hoping to spend $38,042 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: 48/28/24 Blend
46$600,000$600,000$600,000$600,000
47$664,029$632,229$622,929$691,255
48$691,284$622,732$603,321$701,081
49$720,044$611,495$581,781$707,740
50$750,421$598,391$558,204$714,205
51$782,541$583,289$532,481$720,475
52$816,538$566,048$504,496$726,551
53$852,559$546,519$474,131$732,439
54$890,765$524,543$441,260$738,146
55$931,333$499,955$405,751$743,684
56$974,454$472,578$367,469$749,069
57$1,020,339$442,226$326,271$754,322
58$1,069,220$408,701$282,007$759,470
59$1,121,347$371,794$234,521$764,548
60$1,176,998$331,286$183,651$769,596
61$1,236,476$286,943$129,227$774,665
62$1,300,112$238,518$71,072$779,813
63$1,368,271$185,753$9,000$785,111
64$1,441,352$128,372$0$790,642
65$1,519,793$66,086$0$811,160
66$1,604,075$0$0$835,533
67$1,694,725$0$0$862,072
68$1,792,323$0$0$912,615
69$1,897,505$0$0$967,135
70$2,010,970$0$0$1,026,002
71$2,133,487$0$0$1,089,620
72$2,265,898$0$0$1,158,434
73$2,409,131$0$0$1,232,935
74$2,564,205$0$0$1,313,659
75$2,732,241$0$0$1,401,198
76$2,914,471$0$0$1,496,203
77$3,112,250$0$0$1,599,389
78$3,327,069$0$0$1,711,543
79$3,560,566$0$0$1,833,531
80$3,814,545$0$0$1,966,305
81$4,090,990$0$0$2,110,913
82$4,392,085$0$0$2,268,509
83$4,720,231$0$0$2,440,361
84$5,078,073$0$0$2,627,867
85$5,468,521$0$0$2,832,564
86$5,894,777$0$0$3,056,144
87$6,360,369$0$0$3,300,472
88$6,869,177$0$0$3,567,598
89$7,425,476$0$0$3,859,781
90$8,033,969$0$0$4,179,508
91$8,699,838$0$0$4,529,517
92$9,428,788$0$0$4,912,823
93$10,227,100$0$0$5,332,747
94$11,101,692$0$0$5,792,946
95$12,060,182$0$0$6,297,448
96$13,110,960$0$0$6,850,688
97$14,263,269$0$0$7,457,552
98$15,527,285$0$0$8,123,421
99$16,914,219$0$0$8,854,222
100$18,436,420$0$0$9,656,484