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%14%
1 years$49,547$49,106$48,676$48,255$47,845$47,052
2 years$24,528$24,072$23,629$23,200$22,783$21,987
3 years$16,190$15,731$15,289$14,864$14,455$13,680
4 years$12,021$11,564$11,127$10,709$10,309$9,561
5 years$9,521$9,066$8,635$8,225$7,837$7,118
6 years$7,855$7,403$6,978$6,578$6,201$5,513
7 years$6,665$6,217$5,799$5,408$5,043$4,385
8 years$5,773$5,329$4,918$4,537$4,184$3,556
9 years$5,079$4,640$4,236$3,864$3,523$2,925
10 years$4,525$4,090$3,693$3,331$3,002$2,433
11 years$4,072$3,641$3,251$2,899$2,582$2,042
12 years$3,694$3,268$2,885$2,543$2,237$1,725
13 years$3,375$2,953$2,578$2,245$1,951$1,466
14 years$3,102$2,685$2,316$1,993$1,710$1,252
15 years$2,865$2,452$2,091$1,777$1,506$1,073
16 years$2,658$2,250$1,896$1,591$1,331$923
17 years$2,476$2,072$1,725$1,430$1,180$796
18 years$2,314$1,915$1,575$1,289$1,049$688
19 years$2,169$1,775$1,442$1,164$935$596
20 years$2,039$1,649$1,323$1,054$835$517
21 years$1,922$1,536$1,217$957$748$449
22 years$1,815$1,434$1,122$870$670$391
23 years$1,718$1,341$1,036$792$601$340
24 years$1,629$1,256$958$723$541$297
25 years$1,547$1,179$887$660$486$259
26 years$1,472$1,108$823$604$438$226
27 years$1,402$1,043$764$552$395$197
28 years$1,337$983$710$506$356$172
29 years$1,277$927$661$464$322$151
30 years$1,221$876$616$426$291$132
31 years$1,169$828$574$391$263$115
32 years$1,120$783$536$360$238$101
33 years$1,075$742$500$331$215$88
34 years$1,032$703$467$304$195$77
35 years$991$667$437$280$177$68
36 years$953$633$409$258$160$59
37 years$917$601$382$238$145$52
38 years$883$571$358$219$131$46
39 years$851$543$336$202$119$40
40 years$820$517$315$186$108$35
41 years$791$492$295$172$98$31
42 years$764$468$277$159$89$27
43 years$738$446$260$146$81$24
44 years$713$425$244$135$73$21
45 years$689$406$229$125$67$18
46 years$667$387$215$115$60$16
47 years$645$369$202$107$55$14
48 years$624$353$190$98$50$12
49 years$605$337$178$91$45$11
50 years$586$322$168$84$41$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $600,000, adding $4,365 every year, while hoping to spend $32,047 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: 36/36/28 Blend
46$600,000$600,000$600,000$600,000
47$665,702$633,902$624,602$683,945
48$699,506$630,866$611,429$694,857
49$735,684$626,607$596,740$703,419
50$774,444$621,031$580,451$712,047
51$816,015$614,038$562,474$720,769
52$860,647$605,525$542,715$729,618
53$908,616$595,378$521,079$738,632
54$960,223$583,480$497,463$747,859
55$1,015,801$569,706$471,763$757,351
56$1,075,712$553,921$443,867$767,171
57$1,140,359$535,987$413,660$777,391
58$1,210,179$515,754$381,022$788,095
59$1,285,656$493,065$345,825$799,379
60$1,367,322$467,754$307,938$811,351
61$1,455,758$439,644$267,224$824,138
62$1,551,608$408,549$223,539$837,881
63$1,655,577$374,272$176,732$852,744
64$1,768,440$336,605$126,647$868,910
65$1,891,050$295,329$73,119$886,587
66$2,024,348$250,210$15,979$906,011
67$2,169,364$201,004$0$927,447
68$2,327,236$147,450$0$964,638
69$2,499,214$89,275$0$1,010,445
70$2,686,674$26,189$0$1,060,525
71$2,891,129$0$0$1,115,364
72$3,114,247$0$0$1,192,182
73$3,357,862$0$0$1,287,465
74$3,623,993$0$0$1,391,638
75$3,914,864$0$0$1,505,581
76$4,232,922$0$0$1,630,264
77$4,580,863$0$0$1,766,755
78$4,961,654$0$0$1,916,229
79$5,378,561$0$0$2,079,982
80$5,835,185$0$0$2,259,439
81$6,335,486$0$0$2,456,170
82$6,883,828$0$0$2,671,905
83$7,485,019$0$0$2,908,550
84$8,144,351$0$0$3,168,201
85$8,867,654$0$0$3,453,171
86$9,661,350$0$0$3,766,005
87$10,532,513$0$0$4,109,507
88$11,488,935$0$0$4,486,766
89$12,539,197$0$0$4,901,186
90$13,692,756$0$0$5,356,515
91$14,960,027$0$0$5,856,883
92$16,352,483$0$0$6,406,839
93$17,882,766$0$0$7,011,397
94$19,564,800$0$0$7,676,077
95$21,413,930$0$0$8,406,965
96$23,447,056$0$0$9,210,764
97$25,682,801$0$0$10,094,857
98$28,141,684$0$0$11,067,383
99$30,846,308$0$0$12,137,307
100$33,821,580$0$0$13,314,506