Can I retire at age 47 with 425,000?

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 $425,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$35,096$34,783$34,478$34,181$33,890$33,111
2 years$17,374$17,051$16,737$16,433$16,138$15,358
3 years$11,468$11,143$10,830$10,529$10,239$9,481
4 years$8,515$8,191$7,881$7,585$7,302$6,573
5 years$6,744$6,422$6,116$5,826$5,551$4,853
6 years$5,564$5,244$4,943$4,659$4,392$3,726
7 years$4,721$4,404$4,108$3,831$3,572$2,937
8 years$4,089$3,775$3,484$3,213$2,963$2,360
9 years$3,598$3,287$3,000$2,737$2,496$1,923
10 years$3,205$2,897$2,616$2,359$2,126$1,584
11 years$2,884$2,579$2,303$2,053$1,829$1,316
12 years$2,617$2,315$2,044$1,801$1,585$1,100
13 years$2,391$2,092$1,826$1,590$1,382$925
14 years$2,197$1,902$1,641$1,412$1,211$781
15 years$2,029$1,737$1,481$1,259$1,067$662
16 years$1,883$1,594$1,343$1,127$943$563
17 years$1,754$1,468$1,222$1,013$836$480
18 years$1,639$1,356$1,116$913$743$410
19 years$1,537$1,257$1,021$825$662$351
20 years$1,444$1,168$937$747$592$301
21 years$1,361$1,088$862$678$530$258
22 years$1,286$1,016$795$616$475$222
23 years$1,217$950$734$561$426$191
24 years$1,154$890$679$512$383$164
25 years$1,096$835$628$468$345$142
26 years$1,042$785$583$428$310$122
27 years$993$739$541$391$280$105
28 years$947$696$503$359$253$91
29 years$905$657$468$329$228$78
30 years$865$620$436$302$206$68
31 years$828$586$407$277$186$58
32 years$794$555$379$255$168$50
33 years$761$525$354$234$152$44
34 years$731$498$331$215$138$38
35 years$702$472$309$198$125$33
36 years$675$448$289$183$113$28
37 years$650$426$271$168$103$24
38 years$625$405$254$155$93$21
39 years$603$385$238$143$84$18
40 years$581$366$223$132$77$16
41 years$561$348$209$122$69$14
42 years$541$332$196$112$63$12
43 years$523$316$184$104$57$10
44 years$505$301$173$96$52$9
45 years$488$287$162$88$47$8
46 years$472$274$152$82$43$7
47 years$457$262$143$75$39$6
48 years$442$250$134$70$35$5
49 years$428$239$126$64$32$4
50 years$415$228$119$60$29$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $425,000, adding $6,647 every year, while hoping to spend $20,209 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: 47/32/21 Blend
46$425,000$425,000$425,000$425,000
47$475,206$452,681$446,094$494,418
48$502,175$453,361$439,536$509,195
49$531,218$453,396$432,081$522,678
50$562,524$452,734$423,677$536,896
51$596,302$451,319$414,272$551,926
52$632,783$449,091$403,807$567,855
53$672,218$445,988$392,226$584,778
54$714,884$441,941$379,466$602,805
55$761,086$436,881$365,462$622,055
56$811,160$430,730$350,148$642,661
57$865,472$423,411$333,452$664,773
58$924,430$414,837$315,302$688,555
59$988,477$404,920$295,620$714,192
60$1,058,105$393,564$274,326$741,889
61$1,133,852$380,669$251,337$771,873
62$1,216,311$366,128$226,563$804,395
63$1,306,136$349,829$199,914$839,738
64$1,404,044$331,653$171,293$878,212
65$1,510,827$311,474$140,601$920,163
66$1,627,353$289,159$107,734$965,973
67$1,754,582$264,566$72,582$1,016,069
68$1,893,567$237,548$35,031$1,070,922
69$2,045,469$207,946$0$1,131,054
70$2,211,566$175,594$0$1,198,175
71$2,393,265$140,317$0$1,280,246
72$2,592,115$101,930$0$1,370,150
73$2,809,822$60,235$0$1,468,704
74$3,048,264$15,027$0$1,576,812
75$3,309,510$0$0$1,695,472
76$3,595,838$0$0$1,837,727
77$3,909,758$0$0$1,999,541
78$4,254,033$0$0$2,177,052
79$4,631,707$0$0$2,371,836
80$5,046,131$0$0$2,585,629
81$5,501,000$0$0$2,820,343
82$6,000,380$0$0$3,078,083
83$6,548,753$0$0$3,361,171
84$7,151,055$0$0$3,672,160
85$7,812,722$0$0$4,013,867
86$8,539,746$0$0$4,389,393
87$9,338,726$0$0$4,802,155
88$10,216,931$0$0$5,255,918
89$11,182,370$0$0$5,754,829
90$12,243,870$0$0$6,303,458
91$13,411,150$0$0$6,906,838
92$14,694,923$0$0$7,570,516
93$16,106,989$0$0$8,300,603
94$17,660,351$0$0$9,103,834
95$19,369,336$0$0$9,987,625
96$21,249,727$0$0$10,960,152
97$23,318,917$0$0$12,030,422
98$25,596,068$0$0$13,208,357
99$28,102,295$0$0$14,504,893
100$30,860,864$0$0$15,932,078