Can I retire at age 47 with 600,000?

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 $600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$49,547$49,106$48,676$48,255$47,845$47,306
2 years$24,528$24,072$23,629$23,200$22,783$22,241
3 years$16,190$15,731$15,289$14,864$14,455$13,925
4 years$12,021$11,564$11,127$10,709$10,309$9,797
5 years$9,521$9,066$8,635$8,225$7,837$7,344
6 years$7,855$7,403$6,978$6,578$6,201$5,727
7 years$6,665$6,217$5,799$5,408$5,043$4,589
8 years$5,773$5,329$4,918$4,537$4,184$3,749
9 years$5,079$4,640$4,236$3,864$3,523$3,108
10 years$4,525$4,090$3,693$3,331$3,002$2,606
11 years$4,072$3,641$3,251$2,899$2,582$2,204
12 years$3,694$3,268$2,885$2,543$2,237$1,878
13 years$3,375$2,953$2,578$2,245$1,951$1,610
14 years$3,102$2,685$2,316$1,993$1,710$1,387
15 years$2,865$2,452$2,091$1,777$1,506$1,199
16 years$2,658$2,250$1,896$1,591$1,331$1,041
17 years$2,476$2,072$1,725$1,430$1,180$906
18 years$2,314$1,915$1,575$1,289$1,049$790
19 years$2,169$1,775$1,442$1,164$935$691
20 years$2,039$1,649$1,323$1,054$835$605
21 years$1,922$1,536$1,217$957$748$531
22 years$1,815$1,434$1,122$870$670$467
23 years$1,718$1,341$1,036$792$601$410
24 years$1,629$1,256$958$723$541$361
25 years$1,547$1,179$887$660$486$318
26 years$1,472$1,108$823$604$438$281
27 years$1,402$1,043$764$552$395$248
28 years$1,337$983$710$506$356$219
29 years$1,277$927$661$464$322$194
30 years$1,221$876$616$426$291$171
31 years$1,169$828$574$391$263$151
32 years$1,120$783$536$360$238$134
33 years$1,075$742$500$331$215$118
34 years$1,032$703$467$304$195$105
35 years$991$667$437$280$177$93
36 years$953$633$409$258$160$82
37 years$917$601$382$238$145$73
38 years$883$571$358$219$131$65
39 years$851$543$336$202$119$57
40 years$820$517$315$186$108$51
41 years$791$492$295$172$98$45
42 years$764$468$277$159$89$40
43 years$738$446$260$146$81$35
44 years$713$425$244$135$73$31
45 years$689$406$229$125$67$28
46 years$667$387$215$115$60$25
47 years$645$369$202$107$55$22
48 years$624$353$190$98$50$19
49 years$605$337$178$91$45$17
50 years$586$322$168$84$41$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $600,000, adding $3,552 every year, while hoping to spend $31,054 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: 63/26/11 Blend
46$600,000$600,000$600,000$600,000
47$664,864$633,064$623,764$704,867
48$699,639$631,043$611,619$730,040
49$736,920$627,882$598,026$753,599
50$776,930$623,493$582,904$778,547
51$819,914$617,781$566,169$805,018
52$866,140$610,647$547,730$833,161
53$915,903$601,985$527,495$863,141
54$969,526$591,683$505,367$895,143
55$1,027,365$579,623$481,245$929,367
56$1,089,810$565,679$455,021$966,041
57$1,157,291$549,717$426,584$1,005,412
58$1,230,280$531,598$395,819$1,047,756
59$1,309,293$511,171$362,604$1,093,379
60$1,394,902$488,280$326,813$1,142,620
61$1,487,734$462,757$288,312$1,195,853
62$1,588,476$434,426$246,964$1,253,492
63$1,697,887$403,099$202,624$1,315,997
64$1,816,801$368,581$155,142$1,383,875
65$1,946,135$330,661$104,359$1,457,689
66$2,086,898$289,120$50,112$1,538,060
67$2,240,199$243,725$0$1,625,676
68$2,407,261$194,229$0$1,722,211
69$2,589,427$140,372$0$1,833,930
70$2,788,179$81,880$0$1,955,896
71$3,005,144$18,463$0$2,089,162
72$3,242,115$0$0$2,234,888
73$3,501,067$0$0$2,408,716
74$3,784,171$0$0$2,604,573
75$4,093,822$0$0$2,818,838
76$4,432,652$0$0$3,053,339
77$4,803,562$0$0$3,310,089
78$5,209,747$0$0$3,591,304
79$5,654,723$0$0$3,899,427
80$6,142,365$0$0$4,237,145
81$6,676,939$0$0$4,607,419
82$7,263,143$0$0$5,013,512
83$7,906,152$0$0$5,459,014
84$8,611,666$0$0$5,947,882
85$9,385,964$0$0$6,484,474
86$10,235,961$0$0$7,073,591
87$11,169,276$0$0$7,720,520
88$12,194,300$0$0$8,431,086
89$13,320,278$0$0$9,211,708
90$14,557,394$0$0$10,069,453
91$15,916,867$0$0$11,012,110
92$17,411,056$0$0$12,048,258
93$19,053,579$0$0$13,187,351
94$20,859,437$0$0$14,439,801
95$22,845,158$0$0$15,817,082
96$25,028,951$0$0$17,331,836
97$27,430,880$0$0$18,997,988
98$30,073,047$0$0$20,830,885
99$32,979,809$0$0$22,847,433
100$36,177,998$0$0$25,066,260