Can I retire at age 47 with 660,000?

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 $660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$54,502$54,017$53,543$53,081$52,629$51,129
2 years$26,981$26,479$25,992$25,520$25,062$23,562
3 years$17,809$17,304$16,818$16,351$15,900$14,448
4 years$13,224$12,720$12,239$11,780$11,340$9,946
5 years$10,473$9,973$9,498$9,048$8,621$7,289
6 years$8,640$8,144$7,676$7,236$6,821$5,553
7 years$7,331$6,839$6,379$5,949$5,547$4,343
8 years$6,350$5,862$5,410$4,990$4,602$3,461
9 years$5,587$5,104$4,659$4,251$3,876$2,796
10 years$4,977$4,499$4,062$3,664$3,302$2,283
11 years$4,479$4,005$3,576$3,189$2,840$1,880
12 years$4,064$3,595$3,174$2,797$2,461$1,558
13 years$3,713$3,249$2,836$2,469$2,146$1,298
14 years$3,412$2,953$2,548$2,192$1,881$1,085
15 years$3,152$2,698$2,300$1,955$1,656$911
16 years$2,924$2,475$2,086$1,750$1,464$767
17 years$2,723$2,279$1,898$1,573$1,298$647
18 years$2,545$2,106$1,732$1,417$1,154$547
19 years$2,386$1,952$1,586$1,281$1,029$464
20 years$2,243$1,814$1,456$1,160$919$393
21 years$2,114$1,690$1,339$1,053$822$334
22 years$1,996$1,577$1,234$957$737$284
23 years$1,889$1,475$1,139$872$662$241
24 years$1,792$1,382$1,054$795$595$205
25 years$1,702$1,297$976$726$535$175
26 years$1,619$1,219$905$664$482$149
27 years$1,542$1,147$840$608$435$127
28 years$1,471$1,081$781$557$392$108
29 years$1,405$1,020$727$511$354$93
30 years$1,343$963$677$469$320$79
31 years$1,286$910$631$430$289$67
32 years$1,232$861$589$395$262$58
33 years$1,182$816$550$364$237$49
34 years$1,135$773$514$335$214$42
35 years$1,090$733$480$308$194$36
36 years$1,048$696$449$284$176$31
37 years$1,009$661$421$261$159$26
38 years$971$628$394$241$145$22
39 years$936$597$369$222$131$19
40 years$902$568$346$205$119$16
41 years$871$541$324$189$108$14
42 years$840$515$304$174$98$12
43 years$812$491$286$161$89$10
44 years$784$468$268$149$81$9
45 years$758$446$252$137$73$7
46 years$733$426$236$127$66$6
47 years$710$406$222$117$60$5
48 years$687$388$209$108$55$5
49 years$665$370$196$100$50$4
50 years$644$354$184$93$45$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $660,000, adding $2,584 every year, while hoping to spend $57,534 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: 27/46/27 Blend
46$660,000$660,000$660,000$660,000
47$729,985$695,005$684,775$743,493
48$743,228$667,845$646,500$727,424
49$755,893$637,425$605,013$705,051
50$767,861$603,526$560,148$679,853
51$778,999$565,914$511,728$651,627
52$789,155$524,343$459,570$620,160
53$798,165$478,552$403,482$585,222
54$805,842$428,265$343,263$546,571
55$811,980$373,191$278,703$503,944
56$816,347$313,023$209,586$457,065
57$818,689$247,436$135,681$405,636
58$818,721$176,085$56,752$349,342
59$816,126$98,609$0$287,844
60$810,554$14,625$0$228,697
61$801,616$0$0$181,560
62$788,881$0$0$168,341
63$771,870$0$0$161,189
64$750,053$0$0$152,540
65$722,844$0$0$142,220
66$689,593$0$0$130,031
67$649,580$0$0$115,758
68$602,009$0$0$99,162
69$546,001$0$0$79,979
70$480,581$0$0$57,916
71$404,674$0$0$32,651
72$317,089$0$0$3,826
73$216,511$0$0$0
74$101,487$0$0$0
75$0$0$0$0
76$0$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$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