Can I retire at age 47 with 540,000?

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 $540,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$44,593$44,195$43,808$43,430$43,060$41,749
2 years$22,076$21,664$21,266$20,880$20,505$19,195
3 years$14,571$14,158$13,761$13,378$13,009$11,742
4 years$10,819$10,408$10,014$9,638$9,278$8,063
5 years$8,569$8,160$7,771$7,403$7,053$5,893
6 years$7,069$6,663$6,280$5,920$5,581$4,478
7 years$5,998$5,596$5,219$4,867$4,539$3,492
8 years$5,195$4,796$4,426$4,083$3,765$2,774
9 years$4,571$4,176$3,812$3,478$3,171$2,235
10 years$4,072$3,681$3,324$2,998$2,702$1,819
11 years$3,665$3,277$2,926$2,609$2,324$1,493
12 years$3,325$2,941$2,597$2,289$2,014$1,233
13 years$3,038$2,658$2,320$2,020$1,756$1,024
14 years$2,792$2,416$2,085$1,794$1,539$853
15 years$2,579$2,207$1,882$1,599$1,355$714
16 years$2,392$2,025$1,706$1,432$1,198$599
17 years$2,228$1,865$1,553$1,287$1,062$503
18 years$2,083$1,723$1,417$1,160$944$424
19 years$1,952$1,597$1,298$1,048$842$358
20 years$1,835$1,484$1,191$949$752$302
21 years$1,730$1,382$1,095$861$673$256
22 years$1,633$1,290$1,010$783$603$217
23 years$1,546$1,207$932$713$541$183
24 years$1,466$1,131$862$650$487$156
25 years$1,392$1,061$798$594$438$132
26 years$1,324$997$741$543$394$112
27 years$1,262$939$688$497$356$95
28 years$1,204$884$639$456$321$81
29 years$1,150$834$595$418$290$69
30 years$1,099$788$554$383$262$58
31 years$1,052$745$517$352$237$50
32 years$1,008$705$482$324$214$42
33 years$967$668$450$298$194$36
34 years$928$633$420$274$175$30
35 years$892$600$393$252$159$26
36 years$858$570$368$232$144$22
37 years$825$541$344$214$130$19
38 years$795$514$322$197$118$16
39 years$766$489$302$182$107$14
40 years$738$465$283$168$97$12
41 years$712$443$265$155$88$10
42 years$687$422$249$143$80$8
43 years$664$402$234$132$73$7
44 years$642$383$219$122$66$6
45 years$620$365$206$112$60$5
46 years$600$348$193$104$54$4
47 years$581$332$182$96$49$4
48 years$562$317$171$89$45$3
49 years$544$303$160$82$41$3
50 years$527$289$151$76$37$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $540,000, adding $3,318 every year, while hoping to spend $24,601 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: 81/9/10 Blend
46$540,000$540,000$540,000$540,000
47$598,503$569,883$561,513$645,761
48$633,375$571,631$554,148$678,967
49$670,979$572,642$545,712$711,832
50$711,568$572,851$536,143$747,171
51$755,421$572,193$525,376$785,219
52$802,841$570,598$513,344$826,235
53$854,165$567,991$499,975$870,504
54$909,761$564,294$485,196$918,341
55$970,035$559,423$468,928$970,091
56$1,035,432$553,288$451,090$1,026,136
57$1,106,443$545,796$431,599$1,086,895
58$1,183,608$536,847$410,364$1,152,833
59$1,267,518$526,335$387,294$1,224,458
60$1,358,828$514,148$362,291$1,302,333
61$1,458,255$500,168$335,255$1,387,078
62$1,566,590$484,269$306,079$1,479,374
63$1,684,702$466,318$274,652$1,579,976
64$1,813,548$446,175$240,860$1,689,711
65$1,954,182$423,690$204,581$1,809,494
66$2,107,765$398,706$165,690$1,940,333
67$2,275,571$371,058$124,056$2,083,338
68$2,459,008$340,568$79,540$2,239,732
69$2,659,622$307,051$32,000$2,410,865
70$2,879,117$270,310$0$2,598,224
71$3,119,370$230,138$0$2,805,446
72$3,382,445$186,314$0$3,036,114
73$3,670,619$138,608$0$3,288,817
74$3,986,396$86,774$0$3,565,769
75$4,332,536$30,553$0$3,869,408
76$4,712,076$0$0$4,202,421
77$5,128,366$0$0$4,570,773
78$5,585,089$0$0$4,978,236
79$6,086,309$0$0$5,425,409
80$6,636,495$0$0$5,916,286
81$7,240,577$0$0$6,455,262
82$7,903,980$0$0$7,047,183
83$8,632,684$0$0$7,697,384
84$9,433,274$0$0$8,411,745
85$10,313,006$0$0$9,196,741
86$11,279,874$0$0$10,059,507
87$12,342,682$0$0$11,007,904
88$13,511,133$0$0$12,050,590
89$14,795,915$0$0$13,197,106
90$16,208,805$0$0$14,457,963
91$17,762,776$0$0$15,844,743
92$19,472,123$0$0$17,370,205
93$21,352,596$0$0$19,048,406
94$23,421,548$0$0$20,894,837
95$25,698,100$0$0$22,926,564
96$28,203,318$0$0$25,162,391
97$30,960,414$0$0$27,623,038
98$33,994,966$0$0$30,331,335
99$37,335,154$0$0$33,312,436
100$41,012,032$0$0$36,594,060