Can I retire at age 47 with 630,000?

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 $630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$52,025$51,561$51,109$50,668$50,237$48,825
2 years$25,755$25,275$24,810$24,360$23,922$22,510
3 years$16,999$16,518$16,054$15,607$15,177$13,810
4 years$12,622$12,142$11,683$11,244$10,825$9,512
5 years$9,997$9,520$9,067$8,637$8,229$6,974
6 years$8,247$7,773$7,327$6,907$6,511$5,316
7 years$6,998$6,528$6,089$5,678$5,295$4,160
8 years$6,061$5,596$5,164$4,764$4,393$3,317
9 years$5,333$4,872$4,448$4,057$3,699$2,682
10 years$4,751$4,295$3,878$3,498$3,152$2,191
11 years$4,275$3,823$3,414$3,044$2,711$1,805
12 years$3,879$3,432$3,030$2,670$2,349$1,497
13 years$3,544$3,101$2,707$2,357$2,049$1,248
14 years$3,257$2,819$2,432$2,092$1,796$1,044
15 years$3,008$2,575$2,196$1,866$1,581$877
16 years$2,791$2,363$1,991$1,671$1,397$739
17 years$2,600$2,176$1,812$1,501$1,239$624
18 years$2,430$2,011$1,654$1,353$1,102$528
19 years$2,278$1,863$1,514$1,222$982$448
20 years$2,141$1,732$1,389$1,107$877$380
21 years$2,018$1,613$1,278$1,005$785$323
22 years$1,906$1,506$1,178$914$704$275
23 years$1,804$1,408$1,088$832$632$234
24 years$1,710$1,319$1,006$759$568$199
25 years$1,624$1,238$932$693$511$170
26 years$1,545$1,164$864$634$460$145
27 years$1,472$1,095$802$580$415$124
28 years$1,404$1,032$746$531$374$105
29 years$1,341$973$694$487$338$90
30 years$1,282$919$646$447$305$77
31 years$1,228$869$603$411$276$66
32 years$1,176$822$562$378$250$56
33 years$1,128$779$525$347$226$48
34 years$1,083$738$491$319$205$41
35 years$1,041$700$459$294$185$35
36 years$1,001$664$429$271$168$30
37 years$963$631$402$250$152$26
38 years$927$600$376$230$138$22
39 years$893$570$352$212$125$19
40 years$861$543$330$196$114$16
41 years$831$517$310$180$103$14
42 years$802$492$290$167$93$12
43 years$775$469$273$154$85$10
44 years$749$447$256$142$77$9
45 years$724$426$240$131$70$7
46 years$700$406$226$121$63$6
47 years$677$388$212$112$58$5
48 years$656$370$199$103$52$5
49 years$635$354$187$96$48$4
50 years$615$338$176$88$43$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $630,000, adding $6,080 every year, while hoping to spend $29,907 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: 54/25/21 Blend
46$630,000$630,000$630,000$630,000
47$700,532$667,142$657,377$734,037
48$740,165$668,011$647,578$758,557
49$782,839$667,920$636,449$781,586
50$828,831$666,791$623,912$806,015
51$878,448$664,540$609,890$831,987
52$932,026$661,079$594,298$859,660
53$989,934$656,313$577,048$889,211
54$1,052,579$650,144$558,050$920,836
55$1,120,406$642,464$537,209$954,750
56$1,193,905$633,164$514,423$991,197
57$1,273,617$622,122$489,590$1,030,442
58$1,360,135$609,215$462,600$1,072,783
59$1,454,110$594,308$433,339$1,118,547
60$1,556,261$577,261$401,688$1,168,100
61$1,667,378$557,925$367,522$1,221,845
62$1,788,328$536,140$330,711$1,280,230
63$1,920,067$511,741$291,120$1,343,749
64$2,063,648$484,551$248,607$1,412,952
65$2,220,228$454,381$203,023$1,488,447
66$2,391,081$421,035$154,214$1,570,906
67$2,577,609$384,304$102,017$1,661,074
68$2,781,355$343,965$46,266$1,759,775
69$3,004,021$299,787$0$1,867,922
70$3,247,475$251,521$0$1,989,487
71$3,513,779$198,906$0$2,133,878
72$3,805,200$141,669$0$2,291,994
73$4,124,236$79,516$0$2,465,246
74$4,473,637$12,142$0$2,655,188
75$4,856,433$0$0$2,863,538
76$5,275,957$0$0$3,108,911
77$5,735,885$0$0$3,381,637
78$6,240,261$0$0$3,680,784
79$6,793,541$0$0$4,009,001
80$7,400,635$0$0$4,369,209
81$8,066,949$0$0$4,764,624
82$8,798,437$0$0$5,198,788
83$9,601,659$0$0$5,675,604
84$10,483,842$0$0$6,199,372
85$11,452,947$0$0$6,774,827
86$12,517,742$0$0$7,407,187
87$13,687,889$0$0$8,102,200
88$14,974,032$0$0$8,866,197
89$16,387,895$0$0$9,706,155
90$17,942,398$0$0$10,629,761
91$19,651,772$0$0$11,645,482
92$21,531,699$0$0$12,762,649
93$23,599,455$0$0$13,991,540
94$25,874,074$0$0$15,343,482
95$28,376,531$0$0$16,830,954
96$31,129,932$0$0$18,467,704
97$34,159,739$0$0$20,268,883
98$37,494,004$0$0$22,251,182
99$41,163,638$0$0$24,432,995
100$45,202,700$0$0$26,834,586