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%16.8%
1 years$53,676$53,198$52,732$52,276$51,832$50,395
2 years$26,572$26,078$25,598$25,133$24,682$23,245
3 years$17,539$17,042$16,564$16,103$15,659$14,267
4 years$13,023$12,528$12,054$11,601$11,168$9,832
5 years$10,314$9,822$9,354$8,911$8,490$7,213
6 years$8,509$8,020$7,560$7,126$6,718$5,501
7 years$7,220$6,735$6,282$5,859$5,463$4,307
8 years$6,254$5,773$5,328$4,915$4,532$3,436
9 years$5,503$5,027$4,589$4,186$3,817$2,780
10 years$4,902$4,431$4,001$3,609$3,252$2,273
11 years$4,411$3,945$3,522$3,141$2,797$1,873
12 years$4,002$3,540$3,126$2,755$2,424$1,555
13 years$3,656$3,200$2,793$2,432$2,114$1,297
14 years$3,360$2,908$2,509$2,159$1,853$1,086
15 years$3,104$2,657$2,266$1,925$1,631$913
16 years$2,880$2,438$2,054$1,724$1,442$770
17 years$2,682$2,245$1,869$1,549$1,278$651
18 years$2,507$2,074$1,706$1,396$1,137$551
19 years$2,350$1,923$1,562$1,261$1,013$467
20 years$2,209$1,786$1,433$1,142$905$397
21 years$2,082$1,664$1,319$1,037$810$338
22 years$1,966$1,553$1,215$943$726$287
23 years$1,861$1,453$1,122$858$652$245
24 years$1,764$1,361$1,038$783$586$209
25 years$1,676$1,277$961$715$527$178
26 years$1,594$1,201$891$654$475$152
27 years$1,519$1,130$828$598$428$130
28 years$1,449$1,065$769$548$386$111
29 years$1,384$1,004$716$503$349$95
30 years$1,323$949$667$461$315$81
31 years$1,267$897$622$424$285$69
32 years$1,214$848$580$390$258$59
33 years$1,164$803$542$358$233$51
34 years$1,117$762$506$330$211$43
35 years$1,074$722$473$303$191$37
36 years$1,032$686$443$279$173$32
37 years$993$651$414$257$157$27
38 years$957$619$388$237$142$23
39 years$922$588$364$219$129$20
40 years$889$560$341$202$117$17
41 years$857$533$319$186$106$15
42 years$828$508$300$172$96$12
43 years$799$484$281$159$87$11
44 years$772$461$264$146$79$9
45 years$747$440$248$135$72$8
46 years$722$419$233$125$65$7
47 years$699$400$219$115$59$6
48 years$676$382$206$107$54$5
49 years$655$365$193$99$49$4
50 years$635$348$182$91$45$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $650,000, adding $3,764 every year, while hoping to spend $31,612 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: 71/10/19 Blend
46$650,000$650,000$650,000$650,000
47$720,183$685,733$675,658$767,769
48$760,006$685,699$664,657$799,904
49$802,832$684,603$652,229$830,945
50$848,934$682,362$638,291$864,136
51$898,611$678,883$622,759$899,683
52$952,192$674,071$605,544$937,818
53$1,010,038$667,823$586,553$978,794
54$1,072,548$660,032$565,689$1,022,892
55$1,140,158$650,584$542,849$1,070,422
56$1,213,347$639,356$517,928$1,121,726
57$1,292,644$626,220$490,814$1,177,181
58$1,378,629$611,039$461,391$1,237,204
59$1,471,939$593,670$429,538$1,302,256
60$1,573,277$573,960$395,127$1,372,845
61$1,683,414$551,747$358,026$1,449,531
62$1,803,199$526,859$318,097$1,532,935
63$1,933,566$499,117$275,195$1,623,739
64$2,075,545$468,328$229,168$1,722,699
65$2,230,264$434,290$179,860$1,830,647
66$2,398,970$396,789$127,104$1,948,503
67$2,583,033$355,599$70,729$2,077,282
68$2,783,959$310,481$10,556$2,218,102
69$3,003,411$261,182$0$2,372,200
70$3,243,214$207,436$0$2,551,817
71$3,505,381$148,959$0$2,750,571
72$3,792,127$85,455$0$2,968,022
73$4,105,890$16,609$0$3,206,044
74$4,449,357$0$0$3,466,703
75$4,825,485$0$0$3,758,648
76$5,237,529$0$0$4,080,508
77$5,689,078$0$0$4,433,259
78$6,184,080$0$0$4,819,992
79$6,726,886$0$0$5,244,109
80$7,322,286$0$0$5,709,360
81$7,975,560$0$0$6,219,872
82$8,692,519$0$0$6,780,193
83$9,479,566$0$0$7,395,333
84$10,343,755$0$0$8,070,810
85$11,292,856$0$0$8,812,701
86$12,335,427$0$0$9,627,703
87$13,480,897$0$0$10,523,193
88$14,739,654$0$0$11,507,297
89$16,123,141$0$0$12,588,967
90$17,643,965$0$0$13,778,068
91$19,316,015$0$0$15,085,465
92$21,154,593$0$0$16,523,131
93$23,176,560$0$0$18,104,256
94$25,400,489$0$0$19,843,372
95$27,846,847$0$0$21,756,491
96$30,538,182$0$0$23,861,255
97$33,499,338$0$0$26,177,101
98$36,757,689$0$0$28,725,447
99$40,343,397$0$0$31,529,889
100$44,289,694$0$0$34,616,430