Can I retire at age 47 with 640,000?

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 $640,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$52,851$52,380$51,921$51,472$51,034$49,361
2 years$26,164$25,676$25,204$24,746$24,302$22,632
3 years$17,269$16,780$16,309$15,855$15,418$13,804
4 years$12,823$12,335$11,869$11,423$10,996$9,451
5 years$10,156$9,671$9,211$8,774$8,359$6,886
6 years$8,378$7,897$7,443$7,016$6,614$5,215
7 years$7,109$6,632$6,186$5,769$5,379$4,053
8 years$6,158$5,685$5,246$4,839$4,463$3,209
9 years$5,418$4,950$4,518$4,122$3,758$2,575
10 years$4,827$4,363$3,939$3,553$3,202$2,088
11 years$4,343$3,884$3,468$3,092$2,754$1,707
12 years$3,941$3,486$3,078$2,712$2,387$1,404
13 years$3,600$3,150$2,750$2,395$2,081$1,161
14 years$3,309$2,864$2,471$2,126$1,824$964
15 years$3,056$2,616$2,231$1,896$1,606$803
16 years$2,835$2,400$2,022$1,697$1,420$671
17 years$2,641$2,210$1,840$1,525$1,259$561
18 years$2,468$2,042$1,680$1,374$1,119$471
19 years$2,314$1,893$1,538$1,242$998$395
20 years$2,175$1,759$1,411$1,125$891$333
21 years$2,050$1,638$1,298$1,021$797$280
22 years$1,936$1,529$1,197$928$715$236
23 years$1,832$1,430$1,105$845$642$199
24 years$1,737$1,340$1,022$771$577$168
25 years$1,650$1,258$946$704$519$142
26 years$1,570$1,182$878$644$467$120
27 years$1,495$1,112$815$589$421$101
28 years$1,426$1,048$758$540$380$86
29 years$1,362$989$705$495$343$72
30 years$1,303$934$657$454$310$61
31 years$1,247$883$612$417$280$52
32 years$1,195$835$571$384$254$44
33 years$1,146$791$533$353$230$37
34 years$1,100$750$498$324$208$31
35 years$1,057$711$466$299$188$27
36 years$1,016$675$436$275$171$22
37 years$978$641$408$253$155$19
38 years$942$609$382$234$140$16
39 years$908$579$358$215$127$14
40 years$875$551$335$199$115$12
41 years$844$525$315$183$105$10
42 years$815$500$295$169$95$8
43 years$787$476$277$156$86$7
44 years$760$454$260$144$78$6
45 years$735$433$244$133$71$5
46 years$711$413$229$123$64$4
47 years$688$394$215$114$59$4
48 years$666$376$202$105$53$3
49 years$645$359$190$97$48$3
50 years$625$343$179$90$44$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $640,000, adding $3,806 every year, while hoping to spend $20,130 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: 81/10/9 Blend
46$640,000$640,000$640,000$640,000
47$709,206$675,286$665,366$765,422
48$760,127$686,957$666,237$814,475
49$815,567$698,525$666,464$865,258
50$875,966$709,964$666,001$920,391
51$941,808$721,245$664,806$980,300
52$1,013,625$732,339$662,830$1,045,453
53$1,092,004$743,213$660,024$1,116,364
54$1,177,590$753,832$656,336$1,193,602
55$1,271,093$764,158$651,712$1,277,791
56$1,373,294$774,152$646,094$1,369,620
57$1,485,056$783,772$639,424$1,469,848
58$1,607,326$792,970$631,639$1,579,310
59$1,741,147$801,700$622,673$1,698,926
60$1,887,669$809,908$612,457$1,829,711
61$2,048,157$817,539$600,920$1,972,782
62$2,224,005$824,535$587,987$2,129,370
63$2,416,748$830,832$573,580$2,300,831
64$2,628,077$836,363$557,615$2,488,660
65$2,859,853$841,057$540,008$2,694,503
66$3,114,128$844,838$520,667$2,920,175
67$3,393,159$847,626$499,500$3,167,674
68$3,699,435$849,333$476,407$3,439,203
69$4,035,697$849,870$451,286$3,737,191
70$4,404,964$849,139$424,030$4,064,311
71$4,810,560$847,038$394,525$4,423,511
72$5,256,151$843,456$362,656$4,818,039
73$5,745,772$838,279$328,298$5,251,474
74$6,283,870$831,383$291,325$5,727,761
75$6,875,342$822,639$251,602$6,251,245
76$7,525,586$811,907$208,989$6,826,717
77$8,240,546$799,041$163,341$7,459,456
78$9,026,775$783,887$114,506$8,155,277
79$9,891,488$766,279$62,323$8,920,591
80$10,842,637$746,044$6,629$9,762,462
81$11,888,983$722,998$0$10,688,676
82$13,040,179$696,944$0$11,712,881
83$14,306,860$667,677$0$12,840,471
84$15,700,745$634,979$0$14,081,246
85$17,234,746$598,618$0$15,446,707
86$18,923,090$558,350$0$16,949,526
87$20,781,452$513,916$0$18,603,671
88$22,827,105$465,043$0$20,424,530
89$25,079,083$411,443$0$22,429,062
90$27,558,356$352,810$0$24,635,954
91$30,288,032$288,822$0$27,065,799
92$33,293,576$219,139$0$29,741,292
93$36,603,045$143,401$0$32,687,438
94$40,247,355$61,227$0$35,931,795
95$44,260,575$0$0$39,504,731
96$48,680,245$0$0$43,442,769
97$53,547,731$0$0$47,787,264
98$58,908,618$0$0$52,572,167
99$64,813,134$0$0$57,842,315
100$71,316,630$0$0$63,647,113