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%18.1%
1 years$53,676$53,198$52,732$52,276$51,832$50,133
2 years$26,572$26,078$25,598$25,133$24,682$22,986
3 years$17,539$17,042$16,564$16,103$15,659$14,020
4 years$13,023$12,528$12,054$11,601$11,168$9,598
5 years$10,314$9,822$9,354$8,911$8,490$6,994
6 years$8,509$8,020$7,560$7,126$6,718$5,296
7 years$7,220$6,735$6,282$5,859$5,463$4,116
8 years$6,254$5,773$5,328$4,915$4,532$3,259
9 years$5,503$5,027$4,589$4,186$3,817$2,615
10 years$4,902$4,431$4,001$3,609$3,252$2,121
11 years$4,411$3,945$3,522$3,141$2,797$1,734
12 years$4,002$3,540$3,126$2,755$2,424$1,426
13 years$3,656$3,200$2,793$2,432$2,114$1,179
14 years$3,360$2,908$2,509$2,159$1,853$979
15 years$3,104$2,657$2,266$1,925$1,631$816
16 years$2,880$2,438$2,054$1,724$1,442$681
17 years$2,682$2,245$1,869$1,549$1,278$570
18 years$2,507$2,074$1,706$1,396$1,137$478
19 years$2,350$1,923$1,562$1,261$1,013$402
20 years$2,209$1,786$1,433$1,142$905$338
21 years$2,082$1,664$1,319$1,037$810$284
22 years$1,966$1,553$1,215$943$726$240
23 years$1,861$1,453$1,122$858$652$202
24 years$1,764$1,361$1,038$783$586$171
25 years$1,676$1,277$961$715$527$144
26 years$1,594$1,201$891$654$475$122
27 years$1,519$1,130$828$598$428$103
28 years$1,449$1,065$769$548$386$87
29 years$1,384$1,004$716$503$349$73
30 years$1,323$949$667$461$315$62
31 years$1,267$897$622$424$285$53
32 years$1,214$848$580$390$258$44
33 years$1,164$803$542$358$233$38
34 years$1,117$762$506$330$211$32
35 years$1,074$722$473$303$191$27
36 years$1,032$686$443$279$173$23
37 years$993$651$414$257$157$19
38 years$957$619$388$237$142$16
39 years$922$588$364$219$129$14
40 years$889$560$341$202$117$12
41 years$857$533$319$186$106$10
42 years$828$508$300$172$96$8
43 years$799$484$281$159$87$7
44 years$772$461$264$146$79$6
45 years$747$440$248$135$72$5
46 years$722$419$233$125$65$4
47 years$699$400$219$115$59$4
48 years$676$382$206$107$54$3
49 years$655$365$193$99$49$3
50 years$635$348$182$91$45$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $650,000, adding $6,352 every year, while hoping to spend $36,302 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: 52/23/25 Blend
46$650,000$650,000$650,000$650,000
47$722,852$688,402$678,327$755,100
48$757,958$683,509$662,426$773,212
49$795,428$677,159$644,776$788,680
50$835,465$669,243$625,279$804,767
51$878,291$659,645$603,834$821,545
52$924,150$648,241$580,336$839,099
53$973,309$634,900$554,673$857,520
54$1,026,062$619,486$526,730$876,913
55$1,082,730$601,850$496,385$897,398
56$1,143,666$581,839$463,512$919,105
57$1,209,259$559,288$427,979$942,184
58$1,279,934$534,023$389,646$966,800
59$1,356,158$505,861$348,370$993,141
60$1,438,446$474,608$304,001$1,021,415
61$1,527,362$440,058$256,379$1,051,856
62$1,623,527$401,995$205,341$1,084,724
63$1,727,622$360,188$150,716$1,120,311
64$1,840,397$314,395$92,323$1,158,941
65$1,962,677$264,360$29,975$1,200,976
66$2,095,369$209,812$0$1,246,821
67$2,239,468$150,465$0$1,306,678
68$2,396,073$86,016$0$1,380,462
69$2,566,388$16,147$0$1,460,782
70$2,751,743$0$0$1,548,318
71$2,953,596$0$0$1,658,874
72$3,173,555$0$0$1,783,859
73$3,413,389$0$0$1,920,200
74$3,675,044$0$0$2,069,011
75$3,960,663$0$0$2,231,518
76$4,272,604$0$0$2,409,073
77$4,613,464$0$0$2,603,161
78$4,986,100$0$0$2,815,420
79$5,393,661$0$0$3,047,651
80$5,839,610$0$0$3,301,839
81$6,327,764$0$0$3,580,169
82$6,862,324$0$0$3,885,048
83$7,447,916$0$0$4,219,125
84$8,089,636$0$0$4,585,318
85$8,793,096$0$0$4,986,842
86$9,564,475$0$0$5,427,236
87$10,410,582$0$0$5,910,401
88$11,338,913$0$0$6,440,631
89$12,357,727$0$0$7,022,656
90$13,476,121$0$0$7,661,688
91$14,704,115$0$0$8,363,466
92$16,052,747$0$0$9,134,315
93$17,534,178$0$0$9,981,201
94$19,161,802$0$0$10,911,797
95$20,950,376$0$0$11,934,558
96$22,916,158$0$0$13,058,799
97$25,077,059$0$0$14,294,779
98$27,452,811$0$0$15,653,805
99$30,065,152$0$0$17,148,332
100$32,938,035$0$0$18,792,083