Can I retire at age 47 with 630,000?

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 $630,000?

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$52,025$51,561$51,109$50,668$50,237$49,446
2 years$25,755$25,275$24,810$24,360$23,922$23,127
3 years$16,999$16,518$16,054$15,607$15,177$14,403
4 years$12,622$12,142$11,683$11,244$10,825$10,077
5 years$9,997$9,520$9,067$8,637$8,229$7,510
6 years$8,247$7,773$7,327$6,907$6,511$5,822
7 years$6,998$6,528$6,089$5,678$5,295$4,636
8 years$6,061$5,596$5,164$4,764$4,393$3,764
9 years$5,333$4,872$4,448$4,057$3,699$3,100
10 years$4,751$4,295$3,878$3,498$3,152$2,582
11 years$4,275$3,823$3,414$3,044$2,711$2,169
12 years$3,879$3,432$3,030$2,670$2,349$1,836
13 years$3,544$3,101$2,707$2,357$2,049$1,562
14 years$3,257$2,819$2,432$2,092$1,796$1,336
15 years$3,008$2,575$2,196$1,866$1,581$1,146
16 years$2,791$2,363$1,991$1,671$1,397$987
17 years$2,600$2,176$1,812$1,501$1,239$853
18 years$2,430$2,011$1,654$1,353$1,102$738
19 years$2,278$1,863$1,514$1,222$982$640
20 years$2,141$1,732$1,389$1,107$877$556
21 years$2,018$1,613$1,278$1,005$785$484
22 years$1,906$1,506$1,178$914$704$422
23 years$1,804$1,408$1,088$832$632$368
24 years$1,710$1,319$1,006$759$568$321
25 years$1,624$1,238$932$693$511$281
26 years$1,545$1,164$864$634$460$245
27 years$1,472$1,095$802$580$415$215
28 years$1,404$1,032$746$531$374$188
29 years$1,341$973$694$487$338$165
30 years$1,282$919$646$447$305$144
31 years$1,228$869$603$411$276$126
32 years$1,176$822$562$378$250$111
33 years$1,128$779$525$347$226$97
34 years$1,083$738$491$319$205$85
35 years$1,041$700$459$294$185$75
36 years$1,001$664$429$271$168$66
37 years$963$631$402$250$152$58
38 years$927$600$376$230$138$51
39 years$893$570$352$212$125$44
40 years$861$543$330$196$114$39
41 years$831$517$310$180$103$34
42 years$802$492$290$167$93$30
43 years$775$469$273$154$85$26
44 years$749$447$256$142$77$23
45 years$724$426$240$131$70$20
46 years$700$406$226$121$63$18
47 years$677$388$212$112$58$16
48 years$656$370$199$103$52$14
49 years$635$354$187$96$48$12
50 years$615$338$176$88$43$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $630,000, adding $4,245 every year, while hoping to spend $33,053 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: 63/14/23 Blend
46$630,000$630,000$630,000$630,000
47$698,639$665,249$655,484$738,202
48$734,732$662,678$642,274$762,860
49$773,398$658,873$627,515$785,724
50$814,866$653,739$611,118$809,953
51$859,386$647,175$592,993$835,681
52$907,230$639,074$573,045$863,062
53$958,700$629,321$551,175$892,263
54$1,014,126$617,797$527,278$923,473
55$1,073,872$604,374$501,247$956,898
56$1,138,335$588,916$472,967$992,768
57$1,207,954$571,282$442,320$1,031,339
58$1,283,210$551,319$409,182$1,072,893
59$1,364,631$528,867$373,423$1,117,742
60$1,452,798$503,757$334,908$1,166,233
61$1,548,352$475,809$293,495$1,218,750
62$1,651,994$444,834$249,038$1,275,718
63$1,764,497$410,631$201,380$1,337,608
64$1,886,712$372,987$150,363$1,404,941
65$2,019,573$331,680$95,816$1,478,292
66$2,164,109$286,472$37,566$1,558,300
67$2,321,452$237,113$0$1,645,670
68$2,492,847$183,338$0$1,747,219
69$2,679,664$124,868$0$1,868,004
70$2,883,411$61,409$0$1,999,801
71$3,105,749$0$0$2,143,715
72$3,348,505$0$0$2,302,099
73$3,613,690$0$0$2,485,494
74$3,903,519$0$0$2,685,974
75$4,220,429$0$0$2,905,234
76$4,567,104$0$0$3,145,134
77$4,946,500$0$0$3,407,726
78$5,361,871$0$0$3,695,270
79$5,816,802$0$0$4,010,251
80$6,315,238$0$0$4,355,409
81$6,861,526$0$0$4,733,761
82$7,460,452$0$0$5,148,629
83$8,117,289$0$0$5,603,672
84$8,837,843$0$0$6,102,922
85$9,628,510$0$0$6,650,816
86$10,496,336$0$0$7,252,245
87$11,449,080$0$0$7,912,597
88$12,495,290$0$0$8,637,803
89$13,644,383$0$0$9,434,402
90$14,906,733$0$0$10,309,593
91$16,293,768$0$0$11,271,310
92$17,818,076$0$0$12,328,290
93$19,493,528$0$0$13,490,164
94$21,335,402$0$0$14,767,536
95$23,360,535$0$0$16,172,094
96$25,587,471$0$0$17,716,712
97$28,036,647$0$0$19,415,576
98$30,730,575$0$0$21,284,314
99$33,694,060$0$0$23,340,147
100$36,954,434$0$0$25,602,046