Matt Smith, CNN – About 4,700 asteroids are close enough and big enough to pose a risk to Earth, NASA estimated Wednesday after studying data beamed back from an orbiting telescope.

The figure — give or take 1,500 — is how many space rocks bigger than 100 meters (330 feet) across are believed to come within 5 million miles (8 million km) of Earth, or about 20 times farther away than the moon.

“It’s not something that people should panic about,” said Amy Mainzer, an astronomer at NASA’s Jet Propulsion Laboratory in California. “However, we are paying attention to the issue.”

NASA defines a potentially hazardous asteroid as one large enough to survive the intense heat generated by entry into the atmosphere and cause damage on a regional scale or worse. The figure released Wednesday is lower than a previous rough estimate had projected, but more are now thought to be in orbits inclined like Earth’s, making them more likely to cross its path.

Mainzer said asteroids in orbits pitched at a similar angle offer not only a hazard, but also an opportunity. They would be easier for spacecraft to reach.

“They’re a population of interest, and we want to keep an eye on them,” she said.

NASA says a 40-meter asteroid would strike the Earth with an impact comparable to a 3-megaton nuclear bomb. A 2-km asteroid striking Earth “would produce severe environmental damage on a global scale,” the space agency estimates, but an impact of that magnitude isn’t likely to occur more than twice per million years.

The estimate comes from infrared scans of the cosmos by the 16-inch WISE telescope, which was launched in December 2009. The instruments aboard the satellite allowed scientists to spot close-in asteroids by picking up the heat they emit, Mainzer said.

“It allows us to find the very dark asteroids, the ones that are more like a piece of coal and than shiny pavement,” she said. “We can also tell the difference between an asteroid that’s very large and very dark and a small one that’s very shiny.”

Mainzer said between 20% and 30% of the estimated 4,700 potentially hazardous objects have been discovered so far.

Image courtesy Don Davis, NASA

A devastating asteroid strike that could end all life on our planet…we know that it has happened before and it is bound to happen again, but will it be within our lifetime?

The asteroid that crashed into Earth ending the reign of the dinosaurs is estimated to be roughly nine miles wide. While NASA scientists say nothing so large is looming in our path today, they are tracking several hundred objects considered potentially hazardous to our planet.

In fact, in the last decade ten asteroids ranging from five to fifty meters have missed us by less than the distance to the moon. In 1989, one object 300 meters wide crossed Earth’s path where we stood merely six hours before. So what happens if one of these does collide with our planet?

Hundreds of thousands of people would die on impact, and those who survived would have a rough road ahead of them. The shock of the collision would cause massive earthquakes and tidal waves. A cloud of debris would shoot miles into our atmosphere blanketing the world from sunlight. The earth would be unbearably cold and plant life would cease to grow. Food would be scarce and we can only imagine how the survivors might turn on one another for what is left.

Stay tuned for survival tips and Asteroids in Hollywood. Don’t forget to check out other Ways Our World Could Actually End.

Sources: Wired.com, Mother Nature Network, How Stuff Works, Megacatastrophes!