Can I retire at age 47 with 610,000?

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 $610,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$50,373$49,925$49,487$49,059$48,642$47,797
2 years$24,937$24,473$24,023$23,586$23,163$22,314
3 years$16,460$15,993$15,544$15,112$14,696$13,870
4 years$12,222$11,757$11,312$10,887$10,481$9,684
5 years$9,680$9,217$8,779$8,363$7,967$7,202
6 years$7,985$7,527$7,095$6,688$6,304$5,572
7 years$6,776$6,321$5,896$5,498$5,127$4,427
8 years$5,869$5,418$5,000$4,612$4,253$3,586
9 years$5,164$4,718$4,306$3,929$3,582$2,946
10 years$4,600$4,158$3,754$3,387$3,052$2,448
11 years$4,140$3,702$3,305$2,947$2,625$2,051
12 years$3,756$3,323$2,933$2,585$2,275$1,731
13 years$3,431$3,003$2,621$2,282$1,984$1,469
14 years$3,153$2,729$2,355$2,026$1,739$1,253
15 years$2,913$2,493$2,126$1,807$1,531$1,073
16 years$2,703$2,288$1,928$1,618$1,353$921
17 years$2,517$2,107$1,754$1,454$1,200$793
18 years$2,353$1,947$1,601$1,310$1,067$685
19 years$2,205$1,804$1,466$1,184$951$592
20 years$2,073$1,677$1,345$1,072$849$513
21 years$1,954$1,562$1,237$973$760$445
22 years$1,845$1,458$1,140$885$681$386
23 years$1,746$1,363$1,053$806$612$336
24 years$1,656$1,277$974$735$550$292
25 years$1,573$1,199$902$671$495$255
26 years$1,496$1,127$837$614$446$222
27 years$1,425$1,060$777$562$402$194
28 years$1,360$999$722$515$362$169
29 years$1,299$943$672$472$327$147
30 years$1,242$890$626$433$296$129
31 years$1,189$841$584$398$267$113
32 years$1,139$796$544$366$242$98
33 years$1,092$754$508$336$219$86
34 years$1,049$715$475$309$198$75
35 years$1,008$678$444$285$179$66
36 years$969$643$415$262$163$57
37 years$932$611$389$242$147$50
38 years$898$581$364$223$134$44
39 years$865$552$341$205$121$38
40 years$834$525$320$189$110$34
41 years$805$500$300$175$100$29
42 years$777$476$281$161$90$26
43 years$750$454$264$149$82$23
44 years$725$433$248$137$75$20
45 years$701$412$233$127$68$17
46 years$678$394$218$117$61$15
47 years$656$376$205$108$56$13
48 years$635$358$193$100$51$12
49 years$615$342$181$93$46$10
50 years$596$327$170$86$42$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $610,000, adding $3,409 every year, while hoping to spend $42,651 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: 33/44/23 Blend
46$610,000$610,000$610,000$610,000
47$675,736$643,406$633,951$693,181
48$699,281$629,553$609,808$692,687
49$723,798$613,591$583,427$688,055
50$749,341$595,373$554,688$682,196
51$775,969$574,741$523,464$675,030
52$803,743$551,529$489,626$666,472
53$832,733$525,562$453,036$656,433
54$863,010$496,652$413,551$644,820
55$894,653$464,605$371,022$631,534
56$927,748$429,211$325,291$616,475
57$962,387$390,250$276,197$599,534
58$998,669$347,491$223,568$580,601
59$1,036,702$300,688$167,227$559,560
60$1,076,605$249,580$106,988$536,289
61$1,118,503$193,894$42,657$510,662
62$1,162,536$133,340$0$482,548
63$1,208,853$67,613$0$458,189
64$1,257,619$0$0$442,651
65$1,309,010$0$0$427,109
66$1,363,222$0$0$445,283
67$1,420,465$0$0$464,510
68$1,480,970$0$0$484,873
69$1,544,988$0$0$506,463
70$1,612,794$0$0$529,377
71$1,684,689$0$0$553,722
72$1,761,000$0$0$579,617
73$1,842,085$0$0$607,190
74$1,928,337$0$0$636,581
75$2,020,185$0$0$667,945
76$2,118,099$0$0$701,451
77$2,222,593$0$0$737,284
78$2,334,232$0$0$775,646
79$2,453,634$0$0$816,761
80$2,581,476$0$0$860,873
81$2,718,501$0$0$908,250
82$2,865,525$0$0$959,185
83$3,023,443$0$0$1,014,002
84$3,193,235$0$0$1,073,056
85$3,375,980$0$0$1,136,735
86$3,572,862$0$0$1,205,467
87$3,785,180$0$0$1,279,723
88$4,014,363$0$0$1,360,018
89$4,261,981$0$0$1,446,922
90$4,529,757$0$0$1,541,057
91$4,819,588$0$0$1,643,111
92$5,133,557$0$0$1,753,837
93$5,473,955$0$0$1,874,065
94$5,843,302$0$0$2,004,710
95$6,244,370$0$0$2,146,774
96$6,680,206$0$0$2,301,362
97$7,154,162$0$0$2,469,690
98$7,669,928$0$0$2,653,096
99$8,231,563$0$0$2,853,051
100$8,843,532$0$0$3,071,176