Can I retire at age 47 with 650,000?

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 $650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$53,676$53,198$52,732$52,276$51,832$50,994
2 years$26,572$26,078$25,598$25,133$24,682$23,840
3 years$17,539$17,042$16,564$16,103$15,659$14,840
4 years$13,023$12,528$12,054$11,601$11,168$10,377
5 years$10,314$9,822$9,354$8,911$8,490$7,730
6 years$8,509$8,020$7,560$7,126$6,718$5,989
7 years$7,220$6,735$6,282$5,859$5,463$4,767
8 years$6,254$5,773$5,328$4,915$4,532$3,868
9 years$5,503$5,027$4,589$4,186$3,817$3,184
10 years$4,902$4,431$4,001$3,609$3,252$2,650
11 years$4,411$3,945$3,522$3,141$2,797$2,225
12 years$4,002$3,540$3,126$2,755$2,424$1,881
13 years$3,656$3,200$2,793$2,432$2,114$1,600
14 years$3,360$2,908$2,509$2,159$1,853$1,367
15 years$3,104$2,657$2,266$1,925$1,631$1,173
16 years$2,880$2,438$2,054$1,724$1,442$1,009
17 years$2,682$2,245$1,869$1,549$1,278$871
18 years$2,507$2,074$1,706$1,396$1,137$753
19 years$2,350$1,923$1,562$1,261$1,013$653
20 years$2,209$1,786$1,433$1,142$905$567
21 years$2,082$1,664$1,319$1,037$810$493
22 years$1,966$1,553$1,215$943$726$429
23 years$1,861$1,453$1,122$858$652$374
24 years$1,764$1,361$1,038$783$586$326
25 years$1,676$1,277$961$715$527$285
26 years$1,594$1,201$891$654$475$249
27 years$1,519$1,130$828$598$428$218
28 years$1,449$1,065$769$548$386$190
29 years$1,384$1,004$716$503$349$167
30 years$1,323$949$667$461$315$146
31 years$1,267$897$622$424$285$128
32 years$1,214$848$580$390$258$112
33 years$1,164$803$542$358$233$98
34 years$1,117$762$506$330$211$86
35 years$1,074$722$473$303$191$75
36 years$1,032$686$443$279$173$66
37 years$993$651$414$257$157$58
38 years$957$619$388$237$142$51
39 years$922$588$364$219$129$45
40 years$889$560$341$202$117$39
41 years$857$533$319$186$106$34
42 years$828$508$300$172$96$30
43 years$799$484$281$159$87$26
44 years$772$461$264$146$79$23
45 years$747$440$248$135$72$20
46 years$722$419$233$125$65$18
47 years$699$400$219$115$59$16
48 years$676$382$206$107$54$14
49 years$655$365$193$99$49$12
50 years$635$348$182$91$45$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $650,000, adding $5,083 every year, while hoping to spend $52,939 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: 43/35/22 Blend
46$650,000$650,000$650,000$650,000
47$721,543$687,093$677,018$747,752
48$738,814$664,434$643,372$744,176
49$756,072$638,890$606,824$734,787
50$773,260$610,265$567,221$723,543
51$790,314$578,349$524,404$710,300
52$807,159$542,922$478,205$694,904
53$823,715$503,750$428,450$677,191
54$839,887$460,587$374,956$656,986
55$855,571$413,171$317,533$634,100
56$870,651$361,228$255,982$608,330
57$884,995$304,466$190,095$579,462
58$898,456$242,577$119,655$547,263
59$910,871$175,236$44,436$511,484
60$922,057$102,099$0$471,860
61$931,809$22,805$0$436,517
62$939,901$0$0$408,415
63$946,079$0$0$401,119
64$950,062$0$0$401,520
65$951,537$0$0$400,685
66$950,157$0$0$398,449
67$945,534$0$0$394,628
68$937,242$0$0$389,015
69$924,805$0$0$381,386
70$907,696$0$0$371,488
71$885,332$0$0$359,044
72$857,065$0$0$343,744
73$822,181$0$0$325,249
74$779,885$0$0$303,180
75$729,302$0$0$277,119
76$669,460$0$0$246,606
77$599,285$0$0$211,128
78$517,592$0$0$170,122
79$423,067$0$0$122,964
80$314,259$0$0$68,963
81$189,567$0$0$7,357
82$47,218$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0