Can I retire at age 47 with 640,000?

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 $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%18.2%
1 years$52,851$52,380$51,921$51,472$51,034$49,342
2 years$26,164$25,676$25,204$24,746$24,302$22,613
3 years$17,269$16,780$16,309$15,855$15,418$13,786
4 years$12,823$12,335$11,869$11,423$10,996$9,433
5 years$10,156$9,671$9,211$8,774$8,359$6,870
6 years$8,378$7,897$7,443$7,016$6,614$5,199
7 years$7,109$6,632$6,186$5,769$5,379$4,039
8 years$6,158$5,685$5,246$4,839$4,463$3,196
9 years$5,418$4,950$4,518$4,122$3,758$2,563
10 years$4,827$4,363$3,939$3,553$3,202$2,077
11 years$4,343$3,884$3,468$3,092$2,754$1,697
12 years$3,941$3,486$3,078$2,712$2,387$1,395
13 years$3,600$3,150$2,750$2,395$2,081$1,153
14 years$3,309$2,864$2,471$2,126$1,824$956
15 years$3,056$2,616$2,231$1,896$1,606$796
16 years$2,835$2,400$2,022$1,697$1,420$664
17 years$2,641$2,210$1,840$1,525$1,259$556
18 years$2,468$2,042$1,680$1,374$1,119$466
19 years$2,314$1,893$1,538$1,242$998$391
20 years$2,175$1,759$1,411$1,125$891$329
21 years$2,050$1,638$1,298$1,021$797$276
22 years$1,936$1,529$1,197$928$715$233
23 years$1,832$1,430$1,105$845$642$196
24 years$1,737$1,340$1,022$771$577$165
25 years$1,650$1,258$946$704$519$139
26 years$1,570$1,182$878$644$467$118
27 years$1,495$1,112$815$589$421$99
28 years$1,426$1,048$758$540$380$84
29 years$1,362$989$705$495$343$71
30 years$1,303$934$657$454$310$60
31 years$1,247$883$612$417$280$51
32 years$1,195$835$571$384$254$43
33 years$1,146$791$533$353$230$36
34 years$1,100$750$498$324$208$31
35 years$1,057$711$466$299$188$26
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$13
40 years$875$551$335$199$115$11
41 years$844$525$315$183$105$9
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$3
48 years$666$376$202$105$53$3
49 years$645$359$190$97$48$2
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 $4,124 every year, while hoping to spend $24,744 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: 41/39/20 Blend
46$640,000$640,000$640,000$640,000
47$709,534$675,614$665,694$734,293
48$755,579$682,392$661,667$759,106
49$805,491$688,672$656,676$783,251
50$859,639$694,405$650,663$808,877
51$918,428$699,536$643,565$836,130
52$982,303$704,009$635,320$865,177
53$1,051,754$707,761$625,860$896,200
54$1,127,321$710,730$615,114$929,402
55$1,209,597$712,845$603,009$965,006
56$1,299,234$714,033$589,469$1,003,263
57$1,396,952$714,216$574,412$1,044,448
58$1,503,541$713,312$557,754$1,088,869
59$1,619,870$711,233$539,408$1,136,862
60$1,746,899$707,885$519,280$1,188,806
61$1,885,682$703,171$497,275$1,245,114
62$2,037,379$696,984$473,291$1,306,250
63$2,203,269$689,214$447,224$1,372,722
64$2,384,760$679,742$418,963$1,445,096
65$2,583,400$668,444$388,393$1,523,997
66$2,800,897$655,188$355,394$1,610,117
67$3,039,129$639,832$319,840$1,704,222
68$3,300,165$622,230$281,600$1,807,159
69$3,586,285$602,222$240,537$1,919,865
70$3,899,999$579,644$196,508$2,043,377
71$4,244,071$554,319$149,363$2,178,840
72$4,621,546$526,060$98,946$2,327,523
73$5,035,777$494,670$45,095$2,490,827
74$5,490,460$459,942$0$2,670,299
75$5,989,662$421,655$0$2,870,294
76$6,537,867$379,576$0$3,100,502
77$7,140,013$333,458$0$3,353,422
78$7,801,539$283,043$0$3,631,403
79$8,528,438$228,054$0$3,937,042
80$9,327,312$168,201$0$4,273,201
81$10,205,433$103,179$0$4,643,042
82$11,170,815$32,662$0$5,050,050
83$12,232,286$0$0$5,498,076
84$13,399,571$0$0$6,010,116
85$14,683,386$0$0$6,588,781
86$16,095,537$0$0$7,225,387
87$17,649,033$0$0$7,925,810
88$19,358,206$0$0$8,696,525
89$21,238,847$0$0$9,544,664
90$23,308,356$0$0$10,478,088
91$25,585,904$0$0$11,505,457
92$28,092,614$0$0$12,636,314
93$30,851,763$0$0$13,881,174
94$33,888,997$0$0$15,251,621
95$37,232,575$0$0$16,760,423
96$40,913,635$0$0$18,421,647
97$44,966,489$0$0$20,250,792
98$49,428,942$0$0$22,264,940
99$54,342,656$0$0$24,482,911
100$59,753,536$0$0$26,925,444