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%17.5%
1 years$52,851$52,380$51,921$51,472$51,034$49,480
2 years$26,164$25,676$25,204$24,746$24,302$22,749
3 years$17,269$16,780$16,309$15,855$15,418$13,916
4 years$12,823$12,335$11,869$11,423$10,996$9,556
5 years$10,156$9,671$9,211$8,774$8,359$6,985
6 years$8,378$7,897$7,443$7,016$6,614$5,307
7 years$7,109$6,632$6,186$5,769$5,379$4,139
8 years$6,158$5,685$5,246$4,839$4,463$3,288
9 years$5,418$4,950$4,518$4,122$3,758$2,649
10 years$4,827$4,363$3,939$3,553$3,202$2,156
11 years$4,343$3,884$3,468$3,092$2,754$1,769
12 years$3,941$3,486$3,078$2,712$2,387$1,461
13 years$3,600$3,150$2,750$2,395$2,081$1,213
14 years$3,309$2,864$2,471$2,126$1,824$1,011
15 years$3,056$2,616$2,231$1,896$1,606$846
16 years$2,835$2,400$2,022$1,697$1,420$710
17 years$2,641$2,210$1,840$1,525$1,259$597
18 years$2,468$2,042$1,680$1,374$1,119$503
19 years$2,314$1,893$1,538$1,242$998$424
20 years$2,175$1,759$1,411$1,125$891$358
21 years$2,050$1,638$1,298$1,021$797$303
22 years$1,936$1,529$1,197$928$715$257
23 years$1,832$1,430$1,105$845$642$217
24 years$1,737$1,340$1,022$771$577$184
25 years$1,650$1,258$946$704$519$156
26 years$1,570$1,182$878$644$467$133
27 years$1,495$1,112$815$589$421$113
28 years$1,426$1,048$758$540$380$96
29 years$1,362$989$705$495$343$81
30 years$1,303$934$657$454$310$69
31 years$1,247$883$612$417$280$59
32 years$1,195$835$571$384$254$50
33 years$1,146$791$533$353$230$42
34 years$1,100$750$498$324$208$36
35 years$1,057$711$466$299$188$31
36 years$1,016$675$436$275$171$26
37 years$978$641$408$253$155$22
38 years$942$609$382$234$140$19
39 years$908$579$358$215$127$16
40 years$875$551$335$199$115$14
41 years$844$525$315$183$105$12
42 years$815$500$295$169$95$10
43 years$787$476$277$156$86$8
44 years$760$454$260$144$78$7
45 years$735$433$244$133$71$6
46 years$711$413$229$123$64$5
47 years$688$394$215$114$59$4
48 years$666$376$202$105$53$4
49 years$645$359$190$97$48$3
50 years$625$343$179$90$44$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $640,000, adding $5,617 every year, while hoping to spend $20,956 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: 51/24/25 Blend
46$640,000$640,000$640,000$640,000
47$711,074$677,154$667,234$742,097
48$761,306$688,037$667,289$775,109
49$815,960$698,752$666,644$808,407
50$875,464$709,267$665,253$844,190
51$940,291$719,550$663,068$882,702
52$1,010,958$729,566$660,038$924,213
53$1,088,039$739,277$656,113$969,022
54$1,172,162$748,645$651,235$1,017,458
55$1,264,019$757,625$645,348$1,069,884
56$1,364,373$766,173$638,391$1,126,703
57$1,474,063$774,239$630,301$1,188,356
58$1,594,012$781,772$621,012$1,255,334
59$1,725,239$788,717$610,453$1,328,175
60$1,868,864$795,013$598,553$1,407,477
61$2,026,118$800,600$585,236$1,493,896
62$2,198,362$805,409$570,421$1,588,159
63$2,387,090$809,369$554,025$1,691,067
64$2,593,950$812,405$535,962$1,803,505
65$2,820,757$814,436$516,140$1,926,448
66$3,069,507$815,377$494,464$2,060,973
67$3,342,403$815,137$470,834$2,208,268
68$3,641,868$813,618$445,147$2,369,645
69$3,970,572$810,719$417,293$2,546,551
70$4,331,457$806,331$387,159$2,740,583
71$4,727,763$800,338$354,626$2,953,500
72$5,163,058$792,619$319,570$3,187,247
73$5,641,276$783,042$281,861$3,443,967
74$6,166,746$771,471$241,363$3,726,026
75$6,744,241$757,761$197,936$4,036,031
76$7,379,018$741,755$151,431$4,376,860
77$8,076,868$723,292$101,695$4,751,688
78$8,844,173$702,197$48,566$5,164,015
79$9,687,962$678,288$0$5,617,703
80$10,615,981$651,371$0$6,119,181
81$11,636,762$621,239$0$6,684,942
82$12,759,709$587,677$0$7,307,246
83$13,995,180$550,454$0$7,991,859
84$15,354,590$509,328$0$8,745,133
85$16,850,514$464,041$0$9,574,072
86$18,496,810$414,322$0$10,486,394
87$20,308,745$359,885$0$11,490,608
88$22,303,144$300,426$0$12,596,092
89$24,498,543$235,625$0$13,813,184
90$26,915,368$165,145$0$15,153,277
91$29,576,125$88,626$0$16,628,930
92$32,505,614$5,693$0$18,253,986
93$35,731,162$0$0$20,043,702
94$39,282,880$0$0$22,037,093
95$43,193,948$0$0$24,233,910
96$47,500,928$0$0$26,653,198
97$52,244,107$0$0$29,317,596
98$57,467,880$0$0$32,252,055
99$63,221,167$0$0$35,484,067
100$69,557,873$0$0$39,043,927