Can I retire at age 47 with 800,000?

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 $800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$66,063$65,475$64,901$64,340$63,793$62,685
2 years$32,705$32,095$31,505$30,933$30,378$29,265
3 years$21,586$20,975$20,386$19,819$19,273$18,190
4 years$16,029$15,419$14,836$14,278$13,746$12,701
5 years$12,695$12,088$11,513$10,967$10,449$9,446
6 years$10,473$9,871$9,304$8,771$8,268$7,307
7 years$8,886$8,290$7,732$7,211$6,724$5,806
8 years$7,697$7,106$6,557$6,049$5,578$4,703
9 years$6,773$6,187$5,648$5,152$4,698$3,864
10 years$6,033$5,453$4,924$4,441$4,003$3,210
11 years$5,429$4,855$4,335$3,865$3,442$2,690
12 years$4,926$4,357$3,847$3,390$2,983$2,271
13 years$4,500$3,938$3,437$2,993$2,601$1,927
14 years$4,136$3,579$3,088$2,657$2,280$1,643
15 years$3,820$3,270$2,788$2,370$2,008$1,407
16 years$3,544$3,000$2,528$2,122$1,775$1,208
17 years$3,301$2,763$2,300$1,906$1,573$1,040
18 years$3,085$2,553$2,100$1,718$1,399$898
19 years$2,892$2,366$1,922$1,552$1,247$776
20 years$2,719$2,199$1,764$1,406$1,114$673
21 years$2,562$2,048$1,623$1,276$997$583
22 years$2,420$1,912$1,496$1,160$893$507
23 years$2,290$1,788$1,381$1,057$802$441
24 years$2,172$1,675$1,277$964$721$384
25 years$2,063$1,572$1,183$880$649$334
26 years$1,962$1,478$1,097$805$584$291
27 years$1,869$1,391$1,019$737$527$254
28 years$1,783$1,310$947$675$475$222
29 years$1,703$1,236$881$619$429$193
30 years$1,628$1,167$821$568$388$169
31 years$1,559$1,104$765$522$351$148
32 years$1,494$1,044$714$479$317$129
33 years$1,433$989$667$441$287$113
34 years$1,375$937$623$406$260$99
35 years$1,321$889$582$373$235$86
36 years$1,271$844$545$344$213$75
37 years$1,223$801$510$317$193$66
38 years$1,177$762$478$292$175$58
39 years$1,134$724$447$269$159$50
40 years$1,094$689$419$248$144$44
41 years$1,055$656$393$229$131$39
42 years$1,019$625$369$211$119$34
43 years$984$595$346$195$108$30
44 years$951$567$325$180$98$26
45 years$919$541$305$166$89$23
46 years$889$516$287$154$81$20
47 years$860$492$269$142$73$17
48 years$833$470$253$131$66$15
49 years$806$449$238$121$60$13
50 years$781$429$224$112$55$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $800,000, adding $6,335 every year, while hoping to spend $59,594 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: 47/39/14 Blend
46$800,000$800,000$800,000$800,000
47$888,135$845,735$833,335$926,105
48$915,317$823,768$797,844$931,080
49$943,274$798,728$759,167$929,863
50$972,023$770,400$717,134$927,230
51$1,001,579$738,560$671,567$923,071
52$1,031,958$702,967$622,282$917,271
53$1,063,174$663,368$569,085$909,704
54$1,095,242$619,498$511,774$900,240
55$1,128,175$571,071$450,136$888,740
56$1,161,985$517,790$383,953$875,056
57$1,196,684$459,339$312,992$859,031
58$1,232,282$395,383$237,013$840,500
59$1,268,788$325,569$155,766$819,286
60$1,306,208$249,526$68,988$795,202
61$1,344,546$166,858$0$768,051
62$1,383,807$77,150$0$741,151
63$1,423,988$0$0$721,978
64$1,465,087$0$0$708,622
65$1,507,098$0$0$728,799
66$1,550,010$0$0$749,394
67$1,593,808$0$0$770,396
68$1,638,473$0$0$791,794
69$1,683,980$0$0$813,574
70$1,730,298$0$0$835,717
71$1,777,389$0$0$858,202
72$1,825,207$0$0$881,004
73$1,873,698$0$0$904,093
74$1,922,798$0$0$927,433
75$1,972,432$0$0$950,984
76$2,022,515$0$0$974,700
77$2,072,947$0$0$998,526
78$2,123,612$0$0$1,022,401
79$2,174,382$0$0$1,046,255
80$2,225,105$0$0$1,070,008
81$2,275,614$0$0$1,093,571
82$2,325,717$0$0$1,116,842
83$2,375,197$0$0$1,139,706
84$2,423,810$0$0$1,162,034
85$2,471,282$0$0$1,183,681
86$2,517,303$0$0$1,204,484
87$2,561,527$0$0$1,224,260
88$2,603,568$0$0$1,242,808
89$2,642,991$0$0$1,259,897
90$2,679,311$0$0$1,275,275
91$2,711,989$0$0$1,288,658
92$2,740,420$0$0$1,299,730
93$2,763,933$0$0$1,308,139
94$2,781,780$0$0$1,313,496
95$2,793,130$0$0$1,315,364
96$2,797,056$0$0$1,313,261
97$2,792,532$0$0$1,306,652
98$2,778,418$0$0$1,294,941
99$2,753,447$0$0$1,277,467
100$2,716,215$0$0$1,253,501