Can I retire at age 47 with 450,000?

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 $450,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$37,161$36,830$36,507$36,191$35,884$35,318
2 years$18,396$18,054$17,722$17,400$17,087$16,519
3 years$12,142$11,798$11,467$11,148$10,841$10,288
4 years$9,016$8,673$8,345$8,032$7,732$7,198
5 years$7,141$6,800$6,476$6,169$5,878$5,364
6 years$5,891$5,552$5,234$4,933$4,651$4,159
7 years$4,999$4,663$4,349$4,056$3,782$3,312
8 years$4,330$3,997$3,688$3,403$3,138$2,689
9 years$3,810$3,480$3,177$2,898$2,642$2,214
10 years$3,394$3,068$2,770$2,498$2,252$1,844
11 years$3,054$2,731$2,438$2,174$1,936$1,550
12 years$2,771$2,451$2,164$1,907$1,678$1,311
13 years$2,531$2,215$1,933$1,684$1,463$1,116
14 years$2,326$2,013$1,737$1,495$1,283$954
15 years$2,149$1,839$1,568$1,333$1,129$819
16 years$1,994$1,688$1,422$1,193$998$705
17 years$1,857$1,554$1,294$1,072$885$609
18 years$1,735$1,436$1,181$966$787$527
19 years$1,627$1,331$1,081$873$701$457
20 years$1,529$1,237$992$791$627$397
21 years$1,441$1,152$913$718$561$346
22 years$1,361$1,075$841$653$503$301
23 years$1,288$1,006$777$594$451$263
24 years$1,222$942$718$542$405$229
25 years$1,160$884$665$495$365$200
26 years$1,104$831$617$453$329$175
27 years$1,051$782$573$414$296$153
28 years$1,003$737$533$380$267$134
29 years$958$695$496$348$241$118
30 years$916$657$462$319$218$103
31 years$877$621$430$293$197$90
32 years$840$587$402$270$178$79
33 years$806$556$375$248$161$69
34 years$774$527$350$228$146$61
35 years$743$500$328$210$132$53
36 years$715$475$306$193$120$47
37 years$688$451$287$178$109$41
38 years$662$428$269$164$99$36
39 years$638$407$252$151$89$32
40 years$615$388$236$140$81$28
41 years$594$369$221$129$74$24
42 years$573$351$207$119$67$21
43 years$553$335$195$110$61$19
44 years$535$319$183$101$55$17
45 years$517$304$172$94$50$15
46 years$500$290$161$86$45$13
47 years$484$277$151$80$41$11
48 years$468$264$142$74$37$10
49 years$454$253$134$68$34$9
50 years$439$241$126$63$31$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $450,000, adding $6,489 every year, while hoping to spend $27,713 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: 85/7/8 Blend
46$450,000$450,000$450,000$450,000
47$502,593$478,743$471,768$544,318
48$524,372$472,715$458,086$566,501
49$547,442$465,463$443,017$586,420
50$571,908$456,898$426,485$607,430
51$597,881$446,924$408,410$629,624
52$625,484$435,442$388,711$653,102
53$654,851$422,347$367,300$677,976
54$686,128$407,524$344,088$704,367
55$719,478$390,857$318,979$732,409
56$755,074$372,219$291,875$762,250
57$793,112$351,478$262,672$794,052
58$833,801$328,492$231,264$827,995
59$877,374$303,113$197,536$864,275
60$924,085$275,185$161,373$903,110
61$974,213$244,540$122,650$944,738
62$1,028,064$211,004$81,240$989,423
63$1,085,973$174,390$37,009$1,037,454
64$1,148,311$134,504$0$1,089,153
65$1,215,482$91,137$0$1,145,740
66$1,287,930$44,072$0$1,210,162
67$1,366,144$0$0$1,279,697
68$1,450,663$0$0$1,355,365
69$1,542,074$0$0$1,440,881
70$1,641,029$0$0$1,533,459
71$1,748,239$0$0$1,633,766
72$1,864,489$0$0$1,742,538
73$1,990,642$0$0$1,860,581
74$2,127,645$0$0$1,988,784
75$2,276,542$0$0$2,128,125
76$2,438,481$0$0$2,279,677
77$2,614,724$0$0$2,444,624
78$2,806,661$0$0$2,624,266
79$3,015,820$0$0$2,820,037
80$3,243,884$0$0$3,033,511
81$3,492,705$0$0$3,266,422
82$3,764,321$0$0$3,520,681
83$4,060,975$0$0$3,798,389
84$4,385,138$0$0$4,101,858
85$4,739,529$0$0$4,433,637
86$5,127,142$0$0$4,796,528
87$5,551,273$0$0$5,193,621
88$6,015,552$0$0$5,628,314
89$6,523,975$0$0$6,104,351
90$7,080,946$0$0$6,625,856
91$7,691,310$0$0$7,197,368
92$8,360,407$0$0$7,823,888
93$9,094,117$0$0$8,510,923
94$9,898,914$0$0$9,264,540
95$10,781,933$0$0$10,091,418
96$11,751,029$0$0$10,998,918
97$12,814,858$0$0$11,995,146
98$13,982,951$0$0$13,089,030
99$15,265,811$0$0$14,290,408
100$16,675,006$0$0$15,610,115