Can I retire at age 47 with 660,000?

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 $660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$54,502$54,017$53,543$53,081$52,629$52,145
2 years$26,981$26,479$25,992$25,520$25,062$24,573
3 years$17,809$17,304$16,818$16,351$15,900$15,423
4 years$13,224$12,720$12,239$11,780$11,340$10,879
5 years$10,473$9,973$9,498$9,048$8,621$8,176
6 years$8,640$8,144$7,676$7,236$6,821$6,393
7 years$7,331$6,839$6,379$5,949$5,547$5,137
8 years$6,350$5,862$5,410$4,990$4,602$4,209
9 years$5,587$5,104$4,659$4,251$3,876$3,499
10 years$4,977$4,499$4,062$3,664$3,302$2,943
11 years$4,479$4,005$3,576$3,189$2,840$2,497
12 years$4,064$3,595$3,174$2,797$2,461$2,135
13 years$3,713$3,249$2,836$2,469$2,146$1,836
14 years$3,412$2,953$2,548$2,192$1,881$1,586
15 years$3,152$2,698$2,300$1,955$1,656$1,376
16 years$2,924$2,475$2,086$1,750$1,464$1,199
17 years$2,723$2,279$1,898$1,573$1,298$1,047
18 years$2,545$2,106$1,732$1,417$1,154$917
19 years$2,386$1,952$1,586$1,281$1,029$804
20 years$2,243$1,814$1,456$1,160$919$707
21 years$2,114$1,690$1,339$1,053$822$623
22 years$1,996$1,577$1,234$957$737$549
23 years$1,889$1,475$1,139$872$662$485
24 years$1,792$1,382$1,054$795$595$429
25 years$1,702$1,297$976$726$535$379
26 years$1,619$1,219$905$664$482$336
27 years$1,542$1,147$840$608$435$298
28 years$1,471$1,081$781$557$392$264
29 years$1,405$1,020$727$511$354$234
30 years$1,343$963$677$469$320$208
31 years$1,286$910$631$430$289$185
32 years$1,232$861$589$395$262$164
33 years$1,182$816$550$364$237$146
34 years$1,135$773$514$335$214$130
35 years$1,090$733$480$308$194$115
36 years$1,048$696$449$284$176$103
37 years$1,009$661$421$261$159$91
38 years$971$628$394$241$145$81
39 years$936$597$369$222$131$72
40 years$902$568$346$205$119$64
41 years$871$541$324$189$108$57
42 years$840$515$304$174$98$51
43 years$812$491$286$161$89$45
44 years$784$468$268$149$81$40
45 years$758$446$252$137$73$36
46 years$733$426$236$127$66$32
47 years$710$406$222$117$60$29
48 years$687$388$209$108$55$25
49 years$665$370$196$100$50$23
50 years$644$354$184$93$45$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $660,000, adding $3,790 every year, while hoping to spend $37,454 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: 33/40/27 Blend
46$660,000$660,000$660,000$660,000
47$731,229$696,249$686,019$749,252
48$765,964$690,515$669,150$757,496
49$802,986$683,244$650,461$762,772
50$842,490$674,322$629,850$767,724
51$884,687$663,627$607,214$772,348
52$929,811$651,031$582,441$776,646
53$978,117$636,396$555,418$780,620
54$1,029,883$619,578$526,023$784,277
55$1,085,418$600,424$494,131$787,631
56$1,145,058$578,772$459,612$790,699
57$1,209,172$554,450$422,327$793,506
58$1,278,167$527,277$382,134$796,082
59$1,352,487$497,061$338,883$798,468
60$1,432,622$463,598$292,417$800,713
61$1,519,109$426,675$242,573$802,877
62$1,612,540$386,063$189,180$805,031
63$1,713,563$341,524$132,061$807,262
64$1,822,891$292,803$71,030$809,672
65$1,941,309$239,634$5,893$812,378
66$2,069,678$181,732$0$815,519
67$2,208,948$118,799$0$837,584
68$2,360,160$50,520$0$863,433
69$2,524,462$0$0$891,644
70$2,703,114$0$0$932,844
71$2,897,506$0$0$1,001,956
72$3,109,164$0$0$1,077,298
73$3,339,769$0$0$1,159,478
74$3,591,169$0$0$1,249,168
75$3,865,401$0$0$1,347,106
76$4,164,704$0$0$1,454,105
77$4,491,545$0$0$1,571,060
78$4,848,638$0$0$1,698,957
79$5,238,972$0$0$1,838,880
80$5,665,836$0$0$1,992,024
81$6,132,854$0$0$2,159,705
82$6,644,014$0$0$2,343,371
83$7,203,710$0$0$2,544,617
84$7,816,777$0$0$2,765,200
85$8,488,544$0$0$3,007,055
86$9,224,876$0$0$3,272,313
87$10,032,235$0$0$3,563,321
88$10,917,737$0$0$3,882,665
89$11,889,219$0$0$4,233,193
90$12,955,316$0$0$4,618,041
91$14,125,537$0$0$5,040,664
92$15,410,356$0$0$5,504,871
93$16,821,314$0$0$6,014,853
94$18,371,121$0$0$6,575,231
95$20,073,781$0$0$7,191,093
96$21,944,719$0$0$7,868,047
97$24,000,931$0$0$8,612,269
98$26,261,138$0$0$9,430,565
99$28,745,968$0$0$10,330,432
100$31,478,145$0$0$11,320,131