Can I retire at age 47?

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 $1,000,000

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
1%2%3%4%5%6%7%8%9%10%
1 years$82,954$82,579$82,209$81,843$81,482$81,126$80,774$80,425$80,081$79,741
2 years$41,271$40,881$40,497$40,119$39,748$39,381$39,021$38,666$38,316$37,972
3 years$27,377$26,983$26,597$26,218$25,847$25,482$25,125$24,774$24,429$24,091
4 years$20,430$20,036$19,650$19,273$18,905$18,545$18,192$17,848$17,511$17,182
5 years$16,262$15,868$15,484$15,111$14,746$14,391$14,046$13,709$13,381$13,061
6 years$13,484$13,091$12,709$12,339$11,979$11,630$11,292$10,963$10,644$10,335
7 years$11,500$11,108$10,729$10,362$10,008$9,665$9,334$9,013$8,704$8,405
8 years$10,012$9,621$9,245$8,882$8,533$8,197$7,873$7,561$7,261$6,973
9 years$8,855$8,466$8,092$7,734$7,390$7,060$6,743$6,440$6,150$5,872
10 years$7,929$7,542$7,171$6,817$6,478$6,155$5,846$5,552$5,271$5,003
11 years$7,172$6,786$6,419$6,069$5,735$5,419$5,118$4,832$4,560$4,303
12 years$6,541$6,157$5,793$5,447$5,119$4,809$4,515$4,238$3,976$3,729
13 years$6,007$5,625$5,264$4,922$4,600$4,296$4,010$3,742$3,489$3,252
14 years$5,550$5,170$4,811$4,474$4,158$3,860$3,582$3,321$3,078$2,850
15 years$5,153$4,775$4,420$4,087$3,776$3,485$3,214$2,962$2,727$2,510
16 years$4,807$4,430$4,078$3,750$3,444$3,160$2,896$2,652$2,426$2,218
17 years$4,501$4,126$3,778$3,454$3,153$2,875$2,619$2,383$2,166$1,967
18 years$4,229$3,857$3,511$3,191$2,896$2,625$2,376$2,148$1,939$1,749
19 years$3,986$3,615$3,273$2,958$2,668$2,403$2,161$1,940$1,740$1,559
20 years$3,767$3,399$3,059$2,748$2,464$2,205$1,970$1,757$1,565$1,392
21 years$3,570$3,203$2,867$2,560$2,281$2,029$1,800$1,595$1,411$1,246
22 years$3,390$3,025$2,692$2,390$2,116$1,870$1,648$1,450$1,274$1,117
23 years$3,226$2,863$2,533$2,235$1,967$1,726$1,512$1,321$1,152$1,002
24 years$3,075$2,714$2,388$2,094$1,831$1,596$1,388$1,205$1,043$901
25 years$2,937$2,578$2,255$1,965$1,707$1,479$1,277$1,100$945$811
26 years$2,810$2,453$2,132$1,847$1,594$1,371$1,176$1,006$858$730
27 years$2,691$2,336$2,019$1,738$1,490$1,273$1,084$921$780$658
28 years$2,582$2,229$1,915$1,638$1,395$1,184$1,001$844$709$594
29 years$2,480$2,129$1,818$1,545$1,307$1,102$925$774$645$537
30 years$2,385$2,036$1,728$1,459$1,226$1,026$855$710$588$485

Sample Expected Returns by Investment Class

Person retiring at age 47 starting with $1,000,000, adding $3,361 every year, while hoping to spend $76,482 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: 50/30/20 Blend
46$1,000,000$1,000,000$1,000,000$1,000,000
47$1,105,467$1,052,467$1,036,967$1,154,414
48$1,136,848$1,022,661$990,329$1,158,828
49$1,168,867$988,832$939,565$1,155,517
50$1,201,508$950,701$884,457$1,150,303
51$1,234,751$907,975$824,775$1,143,034
52$1,268,571$860,341$760,281$1,133,552
53$1,302,939$807,471$690,724$1,121,683
54$1,337,819$749,018$615,844$1,107,246
55$1,373,169$684,613$535,367$1,090,044
56$1,408,940$613,866$449,010$1,069,871
57$1,445,075$536,368$356,474$1,046,503
58$1,481,506$451,685$257,450$1,019,704
59$1,518,159$359,356$151,613$989,220
60$1,554,944$258,897$38,625$954,781
61$1,591,762$149,797$0$916,097
62$1,628,499$31,515$0$890,350
63$1,665,027$0$0$869,652
64$1,701,198$0$0$877,346
65$1,736,849$0$0$895,099
66$1,771,793$0$0$912,404
67$1,805,822$0$0$929,142
68$1,838,700$0$0$945,183
69$1,870,166$0$0$960,381
70$1,899,925$0$0$974,570
71$1,927,648$0$0$987,569
72$1,952,967$0$0$999,171
73$1,975,473$0$0$1,009,149
74$1,994,708$0$0$1,017,248
75$2,010,165$0$0$1,023,187
76$2,021,275$0$0$1,026,650
77$2,027,411$0$0$1,027,288
78$2,027,871$0$0$1,024,712
79$2,021,878$0$0$1,018,492
80$2,008,570$0$0$1,008,149
81$1,986,989$0$0$993,153
82$1,956,073$0$0$972,915
83$1,914,646$0$0$946,785
84$1,861,404$0$0$914,041
85$1,794,901$0$0$873,883
86$1,713,541$0$0$825,427
87$1,615,551$0$0$767,695
88$1,498,974$0$0$699,603
89$1,361,644$0$0$619,954
90$1,201,163$0$0$527,425
91$1,014,884$0$0$420,551
92$799,877$0$0$297,714
93$552,905$0$0$157,128
94$270,393$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
Retirement Simulation By Amount
$1,000$2,000$3,000$4,000$5,000$6,000$7,000$8,000$9,000$10,000
$11,000$12,000$13,000$14,000$15,000$16,000$17,000$18,000$19,000$20,000
$21,000$22,000$23,000$24,000$25,000$26,000$27,000$28,000$29,000$30,000
$31,000$32,000$33,000$34,000$35,000$36,000$37,000$38,000$39,000$40,000
$41,000$42,000$43,000$44,000$45,000$46,000$47,000$48,000$49,000$50,000
$51,000$52,000$53,000$54,000$55,000$56,000$57,000$58,000$59,000$60,000
$61,000$62,000$63,000$64,000$65,000$66,000$67,000$68,000$69,000$70,000
$71,000$72,000$73,000$74,000$75,000$76,000$77,000$78,000$79,000$80,000
$81,000$82,000$83,000$84,000$85,000$86,000$87,000$88,000$89,000$90,000
$91,000$92,000$93,000$94,000$95,000$96,000$97,000$98,000$99,000$100,000
$101,000$102,000$103,000$104,000$105,000$106,000$107,000$108,000$109,000$110,000
$111,000$112,000$113,000$114,000$115,000$116,000$117,000$118,000$119,000$120,000
$121,000$122,000$123,000$124,000$125,000$126,000$127,000$128,000$129,000$130,000
$131,000$132,000$133,000$134,000$135,000$136,000$137,000$138,000$139,000$140,000
$141,000$142,000$143,000$144,000$145,000$146,000$147,000$148,000$149,000$150,000
$151,000$152,000$153,000$154,000$155,000$156,000$157,000$158,000$159,000$160,000
$161,000$162,000$163,000$164,000$165,000$166,000$167,000$168,000$169,000$170,000
$171,000$172,000$173,000$174,000$175,000$176,000$177,000$178,000$179,000$180,000
$181,000$182,000$183,000$184,000$185,000$186,000$187,000$188,000$189,000$190,000
$191,000$192,000$193,000$194,000$195,000$196,000$197,000$198,000$199,000$200,000
$201,000$202,000$203,000$204,000$205,000$206,000$207,000$208,000$209,000$210,000
$211,000$212,000$213,000$214,000$215,000$216,000$217,000$218,000$219,000$220,000
$221,000$222,000$223,000$224,000$225,000$226,000$227,000$228,000$229,000$230,000
$231,000$232,000$233,000$234,000$235,000$236,000$237,000$238,000$239,000$240,000
$241,000$242,000$243,000$244,000$245,000$246,000$247,000$248,000$249,000$250,000
$251,000$252,000$253,000$254,000$255,000$256,000$257,000$258,000$259,000$260,000
$261,000$262,000$263,000$264,000$265,000$266,000$267,000$268,000$269,000$270,000
$271,000$272,000$273,000$274,000$275,000$276,000$277,000$278,000$279,000$280,000
$281,000$282,000$283,000$284,000$285,000$286,000$287,000$288,000$289,000$290,000
$291,000$292,000$293,000$294,000$295,000$296,000$297,000$298,000$299,000$300,000
$301,000$302,000$303,000$304,000$305,000$306,000$307,000$308,000$309,000$310,000
$311,000$312,000$313,000$314,000$315,000$316,000$317,000$318,000$319,000$320,000
$321,000$322,000$323,000$324,000$325,000$326,000$327,000$328,000$329,000$330,000
$331,000$332,000$333,000$334,000$335,000$336,000$337,000$338,000$339,000$340,000
$341,000$342,000$343,000$344,000$345,000$346,000$347,000$348,000$349,000$350,000
$351,000$352,000$353,000$354,000$355,000$356,000$357,000$358,000$359,000$360,000
$361,000$362,000$363,000$364,000$365,000$366,000$367,000$368,000$369,000$370,000
$371,000$372,000$373,000$374,000$375,000$376,000$377,000$378,000$379,000$380,000
$381,000$382,000$383,000$384,000$385,000$386,000$387,000$388,000$389,000$390,000
$391,000$392,000$393,000$394,000$395,000$396,000$397,000$398,000$399,000$400,000
$401,000$402,000$403,000$404,000$405,000$406,000$407,000$408,000$409,000$410,000
$411,000$412,000$413,000$414,000$415,000$416,000$417,000$418,000$419,000$420,000
$421,000$422,000$423,000$424,000$425,000$426,000$427,000$428,000$429,000$430,000
$431,000$432,000$433,000$434,000$435,000$436,000$437,000$438,000$439,000$440,000
$441,000$442,000$443,000$444,000$445,000$446,000$447,000$448,000$449,000$450,000
$451,000$452,000$453,000$454,000$455,000$456,000$457,000$458,000$459,000$460,000
$461,000$462,000$463,000$464,000$465,000$466,000$467,000$468,000$469,000$470,000
$471,000$472,000$473,000$474,000$475,000$476,000$477,000$478,000$479,000$480,000
$481,000$482,000$483,000$484,000$485,000$486,000$487,000$488,000$489,000$490,000
$491,000$492,000$493,000$494,000$495,000$496,000$497,000$498,000$499,000$500,000
$501,000$502,000$503,000$504,000$505,000$506,000$507,000$508,000$509,000$510,000
$511,000$512,000$513,000$514,000$515,000$516,000$517,000$518,000$519,000$520,000
$521,000$522,000$523,000$524,000$525,000$526,000$527,000$528,000$529,000$530,000
$531,000$532,000$533,000$534,000$535,000$536,000$537,000$538,000$539,000$540,000
$541,000$542,000$543,000$544,000$545,000$546,000$547,000$548,000$549,000$550,000
$551,000$552,000$553,000$554,000$555,000$556,000$557,000$558,000$559,000$560,000
$561,000$562,000$563,000$564,000$565,000$566,000$567,000$568,000$569,000$570,000
$571,000$572,000$573,000$574,000$575,000$576,000$577,000$578,000$579,000$580,000
$581,000$582,000$583,000$584,000$585,000$586,000$587,000$588,000$589,000$590,000
$591,000$592,000$593,000$594,000$595,000$596,000$597,000$598,000$599,000$600,000
$601,000$602,000$603,000$604,000$605,000$606,000$607,000$608,000$609,000$610,000
$611,000$612,000$613,000$614,000$615,000$616,000$617,000$618,000$619,000$620,000
$621,000$622,000$623,000$624,000$625,000$626,000$627,000$628,000$629,000$630,000
$631,000$632,000$633,000$634,000$635,000$636,000$637,000$638,000$639,000$640,000
$641,000$642,000$643,000$644,000$645,000$646,000$647,000$648,000$649,000$650,000
$651,000$652,000$653,000$654,000$655,000$656,000$657,000$658,000$659,000$660,000
$661,000$662,000$663,000$664,000$665,000$666,000$667,000$668,000$669,000$670,000
$671,000$672,000$673,000$674,000$675,000$676,000$677,000$678,000$679,000$680,000
$681,000$682,000$683,000$684,000$685,000$686,000$687,000$688,000$689,000$690,000
$691,000$692,000$693,000$694,000$695,000$696,000$697,000$698,000$699,000$700,000
$701,000$702,000$703,000$704,000$705,000$706,000$707,000$708,000$709,000$710,000
$711,000$712,000$713,000$714,000$715,000$716,000$717,000$718,000$719,000$720,000
$721,000$722,000$723,000$724,000$725,000$726,000$727,000$728,000$729,000$730,000
$731,000$732,000$733,000$734,000$735,000$736,000$737,000$738,000$739,000$740,000
$741,000$742,000$743,000$744,000$745,000$746,000$747,000$748,000$749,000$750,000
$751,000$752,000$753,000$754,000$755,000$756,000$757,000$758,000$759,000$760,000
$761,000$762,000$763,000$764,000$765,000$766,000$767,000$768,000$769,000$770,000
$771,000$772,000$773,000$774,000$775,000$776,000$777,000$778,000$779,000$780,000
$781,000$782,000$783,000$784,000$785,000$786,000$787,000$788,000$789,000$790,000
$791,000$792,000$793,000$794,000$795,000$796,000$797,000$798,000$799,000$800,000
$801,000$802,000$803,000$804,000$805,000$806,000$807,000$808,000$809,000$810,000
$811,000$812,000$813,000$814,000$815,000$816,000$817,000$818,000$819,000$820,000
$821,000$822,000$823,000$824,000$825,000$826,000$827,000$828,000$829,000$830,000
$831,000$832,000$833,000$834,000$835,000$836,000$837,000$838,000$839,000$840,000
$841,000$842,000$843,000$844,000$845,000$846,000$847,000$848,000$849,000$850,000
$851,000$852,000$853,000$854,000$855,000$856,000$857,000$858,000$859,000$860,000
$861,000$862,000$863,000$864,000$865,000$866,000$867,000$868,000$869,000$870,000
$871,000$872,000$873,000$874,000$875,000$876,000$877,000$878,000$879,000$880,000
$881,000$882,000$883,000$884,000$885,000$886,000$887,000$888,000$889,000$890,000
$891,000$892,000$893,000$894,000$895,000$896,000$897,000$898,000$899,000$900,000
$901,000$902,000$903,000$904,000$905,000$906,000$907,000$908,000$909,000$910,000
$911,000$912,000$913,000$914,000$915,000$916,000$917,000$918,000$919,000$920,000
$921,000$922,000$923,000$924,000$925,000$926,000$927,000$928,000$929,000$930,000
$931,000$932,000$933,000$934,000$935,000$936,000$937,000$938,000$939,000$940,000
$941,000$942,000$943,000$944,000$945,000$946,000$947,000$948,000$949,000$950,000
$951,000$952,000$953,000$954,000$955,000$956,000$957,000$958,000$959,000$960,000
$961,000$962,000$963,000$964,000$965,000$966,000$967,000$968,000$969,000$970,000
$971,000$972,000$973,000$974,000$975,000$976,000$977,000$978,000$979,000$980,000
$981,000$982,000$983,000$984,000$985,000$986,000$987,000$988,000$989,000$990,000
$991,000$992,000$993,000$994,000$995,000$996,000$997,000$998,000$999,000$1,000,000
$1,010,000$1,020,000$1,030,000$1,040,000$1,050,000$1,060,000$1,070,000$1,080,000$1,090,000$1,100,000
$1,110,000$1,120,000$1,130,000$1,140,000$1,150,000$1,160,000$1,170,000$1,180,000$1,190,000$1,200,000
$1,210,000$1,220,000$1,230,000$1,240,000$1,250,000$1,260,000$1,270,000$1,280,000$1,290,000$1,300,000
$1,310,000$1,320,000$1,330,000$1,340,000$1,350,000$1,360,000$1,370,000$1,380,000$1,390,000$1,400,000
$1,410,000$1,420,000$1,430,000$1,440,000$1,450,000$1,460,000$1,470,000$1,480,000$1,490,000$1,500,000
$1,510,000$1,520,000$1,530,000$1,540,000$1,550,000$1,560,000$1,570,000$1,580,000$1,590,000$1,600,000
$1,610,000$1,620,000$1,630,000$1,640,000$1,650,000$1,660,000$1,670,000$1,680,000$1,690,000$1,700,000
$1,710,000$1,720,000$1,730,000$1,740,000$1,750,000$1,760,000$1,770,000$1,780,000$1,790,000$1,800,000
$1,810,000$1,820,000$1,830,000$1,840,000$1,850,000$1,860,000$1,870,000$1,880,000$1,890,000$1,900,000
$1,910,000$1,920,000$1,930,000$1,940,000$1,950,000$1,960,000$1,970,000$1,980,000$1,990,000$2,000,000
$2,010,000$2,020,000$2,030,000$2,040,000$2,050,000$2,060,000$2,070,000$2,080,000$2,090,000$2,100,000
$2,110,000$2,120,000$2,130,000$2,140,000$2,150,000$2,160,000$2,170,000$2,180,000$2,190,000$2,200,000
$2,210,000$2,220,000$2,230,000$2,240,000$2,250,000$2,260,000$2,270,000$2,280,000$2,290,000$2,300,000
$2,310,000$2,320,000$2,330,000$2,340,000$2,350,000$2,360,000$2,370,000$2,380,000$2,390,000$2,400,000
$2,410,000$2,420,000$2,430,000$2,440,000$2,450,000$2,460,000$2,470,000$2,480,000$2,490,000$2,500,000
$2,510,000$2,520,000$2,530,000$2,540,000$2,550,000$2,560,000$2,570,000$2,580,000$2,590,000$2,600,000
$2,610,000$2,620,000$2,630,000$2,640,000$2,650,000$2,660,000$2,670,000$2,680,000$2,690,000$2,700,000
$2,710,000$2,720,000$2,730,000$2,740,000$2,750,000$2,760,000$2,770,000$2,780,000$2,790,000$2,800,000
$2,810,000$2,820,000$2,830,000$2,840,000$2,850,000$2,860,000$2,870,000$2,880,000$2,890,000$2,900,000
$2,910,000$2,920,000$2,930,000$2,940,000$2,950,000$2,960,000$2,970,000$2,980,000$2,990,000$3,000,000
$3,100,000$3,200,000$3,300,000$3,400,000$3,500,000$3,600,000$3,700,000$3,800,000$3,900,000$4,000,000
$4,100,000$4,200,000$4,300,000$4,400,000$4,500,000$4,600,000$4,700,000$4,800,000$4,900,000$5,000,000
$5,100,000$5,200,000$5,300,000$5,400,000$5,500,000$5,600,000$5,700,000$5,800,000$5,900,000$6,000,000
$6,100,000$6,200,000$6,300,000$6,400,000$6,500,000$6,600,000$6,700,000$6,800,000$6,900,000$7,000,000
$7,100,000$7,200,000$7,300,000$7,400,000$7,500,000$7,600,000$7,700,000$7,800,000$7,900,000$8,000,000
$8,100,000$8,200,000$8,300,000$8,400,000$8,500,000$8,600,000$8,700,000$8,800,000$8,900,000$9,000,000
$9,100,000$9,200,000$9,300,000$9,400,000$9,500,000$9,600,000$9,700,000$9,800,000$9,900,000$10,000,000
$10,100,000$10,200,000$10,300,000$10,400,000$10,500,000$10,600,000$10,700,000$10,800,000$10,900,000$11,000,000
$11,100,000$11,200,000$11,300,000$11,400,000$11,500,000$11,600,000$11,700,000$11,800,000$11,900,000$12,000,000
$12,100,000$12,200,000$12,300,000$12,400,000$12,500,000$12,600,000$12,700,000$12,800,000$12,900,000$13,000,000
$13,100,000$13,200,000$13,300,000$13,400,000$13,500,000$13,600,000$13,700,000$13,800,000$13,900,000$14,000,000
$14,100,000$14,200,000$14,300,000$14,400,000$14,500,000$14,600,000$14,700,000$14,800,000$14,900,000$15,000,000
$15,100,000$15,200,000$15,300,000$15,400,000$15,500,000$15,600,000$15,700,000$15,800,000$15,900,000$16,000,000
$16,100,000$16,200,000$16,300,000$16,400,000$16,500,000$16,600,000$16,700,000$16,800,000$16,900,000$17,000,000
$17,100,000$17,200,000$17,300,000$17,400,000$17,500,000$17,600,000$17,700,000$17,800,000$17,900,000$18,000,000
$18,100,000$18,200,000$18,300,000$18,400,000$18,500,000$18,600,000$18,700,000$18,800,000$18,900,000$19,000,000
$19,100,000$19,200,000$19,300,000$19,400,000$19,500,000$19,600,000$19,700,000$19,800,000$19,900,000$20,000,000