Can I retire at age 47 with 360,000?

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 $360,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$29,728$29,464$29,205$28,953$28,707$28,185
2 years$14,717$14,443$14,177$13,920$13,670$13,146
3 years$9,714$9,439$9,174$8,919$8,673$8,163
4 years$7,213$6,938$6,676$6,425$6,186$5,694
5 years$5,713$5,440$5,181$4,935$4,702$4,230
6 years$4,713$4,442$4,187$3,947$3,721$3,269
7 years$3,999$3,730$3,479$3,245$3,026$2,594
8 years$3,464$3,198$2,951$2,722$2,510$2,099
9 years$3,048$2,784$2,542$2,319$2,114$1,723
10 years$2,715$2,454$2,216$1,999$1,801$1,429
11 years$2,443$2,185$1,951$1,739$1,549$1,196
12 years$2,217$1,961$1,731$1,526$1,342$1,008
13 years$2,025$1,772$1,547$1,347$1,171$855
14 years$1,861$1,611$1,390$1,196$1,026$728
15 years$1,719$1,471$1,255$1,066$904$622
16 years$1,595$1,350$1,138$955$799$534
17 years$1,486$1,243$1,035$858$708$459
18 years$1,388$1,149$945$773$630$395
19 years$1,302$1,065$865$699$561$341
20 years$1,224$989$794$633$501$295
21 years$1,153$922$730$574$449$256
22 years$1,089$860$673$522$402$222
23 years$1,031$805$621$475$361$193
24 years$977$754$575$434$324$167
25 years$928$707$532$396$292$146
26 years$883$665$494$362$263$127
27 years$841$626$458$331$237$110
28 years$802$590$426$304$214$96
29 years$766$556$397$278$193$84
30 years$733$525$369$256$175$73
31 years$701$497$344$235$158$64
32 years$672$470$321$216$143$56
33 years$645$445$300$198$129$48
34 years$619$422$280$183$117$42
35 years$595$400$262$168$106$37
36 years$572$380$245$155$96$32
37 years$550$361$229$143$87$28
38 years$530$343$215$131$79$25
39 years$510$326$201$121$72$21
40 years$492$310$189$112$65$19
41 years$475$295$177$103$59$16
42 years$458$281$166$95$53$14
43 years$443$268$156$88$48$13
44 years$428$255$146$81$44$11
45 years$414$243$137$75$40$10
46 years$400$232$129$69$36$8
47 years$387$222$121$64$33$7
48 years$375$212$114$59$30$6
49 years$363$202$107$55$27$6
50 years$351$193$101$50$25$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $360,000, adding $3,632 every year, while hoping to spend $20,092 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: 39/35/26 Blend
46$360,000$360,000$360,000$360,000
47$400,466$381,386$375,806$412,875
48$419,936$378,697$367,018$419,543
49$440,719$375,202$357,262$424,615
50$462,926$370,841$346,485$429,708
51$486,682$365,550$334,630$434,836
52$512,123$359,260$321,639$440,019
53$539,396$351,900$307,450$445,275
54$568,664$343,394$291,999$450,631
55$600,107$333,659$275,220$456,115
56$633,920$322,610$257,042$461,761
57$670,319$310,157$237,392$467,609
58$709,540$296,204$216,194$473,704
59$751,844$280,649$193,367$480,101
60$797,516$263,384$168,829$486,860
61$846,869$244,296$142,491$494,049
62$900,248$223,266$114,263$501,750
63$958,032$200,165$84,050$510,053
64$1,020,639$174,860$51,753$519,061
65$1,088,525$147,209$17,267$528,891
66$1,162,194$117,062$0$539,676
67$1,242,201$84,261$0$556,984
68$1,329,154$48,639$0$581,030
69$1,423,725$10,019$0$607,241
70$1,526,651$0$0$635,866
71$1,638,742$0$0$679,422
72$1,760,893$0$0$731,136
73$1,894,085$0$0$787,571
74$2,039,401$0$0$849,191
75$2,198,031$0$0$916,507
76$2,371,285$0$0$990,081
77$2,560,607$0$0$1,070,533
78$2,767,584$0$0$1,158,543
79$2,993,965$0$0$1,254,864
80$3,241,676$0$0$1,360,321
81$3,512,836$0$0$1,475,824
82$3,809,781$0$0$1,602,377
83$4,135,082$0$0$1,741,082
84$4,491,569$0$0$1,893,156
85$4,882,361$0$0$2,059,938
86$5,310,893$0$0$2,242,903
87$5,780,946$0$0$2,443,675
88$6,296,688$0$0$2,664,043
89$6,862,707$0$0$2,905,979
90$7,484,059$0$0$3,171,654
91$8,166,311$0$0$3,463,460
92$8,915,597$0$0$3,784,031
93$9,738,675$0$0$4,136,270
94$10,642,988$0$0$4,523,375
95$11,636,736$0$0$4,948,869
96$12,728,953$0$0$5,416,633
97$13,929,593$0$0$5,930,942
98$15,249,620$0$0$6,496,509
99$16,701,115$0$0$7,118,522
100$18,297,388$0$0$7,802,700