Can I retire at age 47 with 650,000?

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 $650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$53,676$53,198$52,732$52,276$51,832$49,854
2 years$26,572$26,078$25,598$25,133$24,682$22,713
3 years$17,539$17,042$16,564$16,103$15,659$13,760
4 years$13,023$12,528$12,054$11,601$11,168$9,354
5 years$10,314$9,822$9,354$8,911$8,490$6,766
6 years$8,509$8,020$7,560$7,126$6,718$5,084
7 years$7,220$6,735$6,282$5,859$5,463$3,920
8 years$6,254$5,773$5,328$4,915$4,532$3,078
9 years$5,503$5,027$4,589$4,186$3,817$2,449
10 years$4,902$4,431$4,001$3,609$3,252$1,969
11 years$4,411$3,945$3,522$3,141$2,797$1,595
12 years$4,002$3,540$3,126$2,755$2,424$1,300
13 years$3,656$3,200$2,793$2,432$2,114$1,064
14 years$3,360$2,908$2,509$2,159$1,853$875
15 years$3,104$2,657$2,266$1,925$1,631$722
16 years$2,880$2,438$2,054$1,724$1,442$597
17 years$2,682$2,245$1,869$1,549$1,278$494
18 years$2,507$2,074$1,706$1,396$1,137$410
19 years$2,350$1,923$1,562$1,261$1,013$341
20 years$2,209$1,786$1,433$1,142$905$284
21 years$2,082$1,664$1,319$1,037$810$236
22 years$1,966$1,553$1,215$943$726$197
23 years$1,861$1,453$1,122$858$652$164
24 years$1,764$1,361$1,038$783$586$137
25 years$1,676$1,277$961$715$527$114
26 years$1,594$1,201$891$654$475$96
27 years$1,519$1,130$828$598$428$80
28 years$1,449$1,065$769$548$386$67
29 years$1,384$1,004$716$503$349$56
30 years$1,323$949$667$461$315$47
31 years$1,267$897$622$424$285$39
32 years$1,214$848$580$390$258$33
33 years$1,164$803$542$358$233$27
34 years$1,117$762$506$330$211$23
35 years$1,074$722$473$303$191$19
36 years$1,032$686$443$279$173$16
37 years$993$651$414$257$157$13
38 years$957$619$388$237$142$11
39 years$922$588$364$219$129$9
40 years$889$560$341$202$117$8
41 years$857$533$319$186$106$7
42 years$828$508$300$172$96$5
43 years$799$484$281$159$87$5
44 years$772$461$264$146$79$4
45 years$747$440$248$135$72$3
46 years$722$419$233$125$65$3
47 years$699$400$219$115$59$2
48 years$676$382$206$107$54$2
49 years$655$365$193$99$49$2
50 years$635$348$182$91$45$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $650,000, adding $2,848 every year, while hoping to spend $46,757 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: 51/26/23 Blend
46$650,000$650,000$650,000$650,000
47$719,238$684,788$674,713$751,165
48$742,851$668,593$647,567$757,384
49$767,305$650,038$617,944$759,139
50$792,638$628,957$585,712$760,083
51$818,887$605,176$550,734$760,155
52$846,094$578,510$512,863$759,296
53$874,301$548,763$471,950$757,439
54$903,556$515,728$427,837$754,518
55$933,907$479,187$380,358$750,460
56$965,407$438,909$329,341$745,192
57$998,111$394,649$274,607$738,636
58$1,032,080$346,148$215,967$730,710
59$1,067,377$293,133$153,227$721,330
60$1,104,069$235,317$86,180$710,405
61$1,142,231$172,394$14,614$697,844
62$1,181,940$104,043$0$683,550
63$1,223,279$29,923$0$682,579
64$1,266,341$0$0$684,481
65$1,311,220$0$0$700,016
66$1,358,022$0$0$725,157
67$1,406,860$0$0$751,405
68$1,457,853$0$0$778,827
69$1,511,134$0$0$807,496
70$1,566,844$0$0$837,489
71$1,625,137$0$0$868,893
72$1,686,176$0$0$901,798
73$1,750,143$0$0$936,304
74$1,817,232$0$0$972,519
75$1,887,655$0$0$1,010,560
76$1,961,639$0$0$1,050,555
77$2,039,436$0$0$1,092,643
78$2,121,316$0$0$1,136,974
79$2,207,574$0$0$1,183,712
80$2,298,531$0$0$1,233,037
81$2,394,539$0$0$1,285,144
82$2,495,979$0$0$1,340,245
83$2,603,266$0$0$1,398,573
84$2,716,858$0$0$1,460,381
85$2,837,249$0$0$1,525,947
86$2,964,984$0$0$1,595,574
87$3,100,655$0$0$1,669,593
88$3,244,911$0$0$1,748,368
89$3,398,463$0$0$1,832,294
90$3,562,089$0$0$1,921,807
91$3,736,640$0$0$2,017,383
92$3,923,047$0$0$2,119,544
93$4,122,335$0$0$2,228,861
94$4,335,623$0$0$2,345,961
95$4,564,139$0$0$2,471,534
96$4,809,232$0$0$2,606,333
97$5,072,381$0$0$2,751,186
98$5,355,208$0$0$2,907,003
99$5,659,494$0$0$3,074,782
100$5,987,197$0$0$3,255,620