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%13.3%
1 years$66,063$65,475$64,901$64,340$63,793$62,918
2 years$32,705$32,095$31,505$30,933$30,378$29,497
3 years$21,586$20,975$20,386$19,819$19,273$18,415
4 years$16,029$15,419$14,836$14,278$13,746$12,917
5 years$12,695$12,088$11,513$10,967$10,449$9,651
6 years$10,473$9,871$9,304$8,771$8,268$7,503
7 years$8,886$8,290$7,732$7,211$6,724$5,991
8 years$7,697$7,106$6,557$6,049$5,578$4,878
9 years$6,773$6,187$5,648$5,152$4,698$4,030
10 years$6,033$5,453$4,924$4,441$4,003$3,366
11 years$5,429$4,855$4,335$3,865$3,442$2,837
12 years$4,926$4,357$3,847$3,390$2,983$2,408
13 years$4,500$3,938$3,437$2,993$2,601$2,056
14 years$4,136$3,579$3,088$2,657$2,280$1,764
15 years$3,820$3,270$2,788$2,370$2,008$1,519
16 years$3,544$3,000$2,528$2,122$1,775$1,313
17 years$3,301$2,763$2,300$1,906$1,573$1,138
18 years$3,085$2,553$2,100$1,718$1,399$989
19 years$2,892$2,366$1,922$1,552$1,247$861
20 years$2,719$2,199$1,764$1,406$1,114$750
21 years$2,562$2,048$1,623$1,276$997$655
22 years$2,420$1,912$1,496$1,160$893$573
23 years$2,290$1,788$1,381$1,057$802$502
24 years$2,172$1,675$1,277$964$721$440
25 years$2,063$1,572$1,183$880$649$386
26 years$1,962$1,478$1,097$805$584$339
27 years$1,869$1,391$1,019$737$527$298
28 years$1,783$1,310$947$675$475$262
29 years$1,703$1,236$881$619$429$230
30 years$1,628$1,167$821$568$388$202
31 years$1,559$1,104$765$522$351$178
32 years$1,494$1,044$714$479$317$157
33 years$1,433$989$667$441$287$138
34 years$1,375$937$623$406$260$122
35 years$1,321$889$582$373$235$107
36 years$1,271$844$545$344$213$94
37 years$1,223$801$510$317$193$83
38 years$1,177$762$478$292$175$73
39 years$1,134$724$447$269$159$65
40 years$1,094$689$419$248$144$57
41 years$1,055$656$393$229$131$50
42 years$1,019$625$369$211$119$44
43 years$984$595$346$195$108$39
44 years$951$567$325$180$98$35
45 years$919$541$305$166$89$30
46 years$889$516$287$154$81$27
47 years$860$492$269$142$73$24
48 years$833$470$253$131$66$21
49 years$806$449$238$121$60$18
50 years$781$429$224$112$55$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $800,000, adding $5,541 every year, while hoping to spend $25,537 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: 55/32/13 Blend
46$800,000$800,000$800,000$800,000
47$887,316$844,916$832,516$932,841
48$950,651$859,145$833,234$978,605
49$1,019,590$873,216$833,120$1,025,162
50$1,094,678$887,094$832,120$1,075,265
51$1,176,515$900,741$830,175$1,129,255
52$1,265,759$914,117$827,226$1,187,511
53$1,363,138$927,180$823,209$1,250,452
54$1,469,450$939,884$818,058$1,318,536
55$1,585,574$952,179$811,704$1,392,271
56$1,712,480$964,013$804,073$1,472,217
57$1,851,233$975,330$795,090$1,558,990
58$2,003,008$986,070$784,675$1,653,273
59$2,169,097$996,169$772,743$1,755,815
60$2,350,923$1,005,560$759,208$1,867,445
61$2,550,053$1,014,168$743,978$1,989,076
62$2,768,214$1,021,918$726,956$2,121,715
63$3,007,305$1,028,726$708,043$2,266,474
64$3,269,422$1,034,504$687,134$2,424,577
65$3,556,868$1,039,160$664,118$2,597,375
66$3,872,184$1,042,594$638,881$2,786,361
67$4,218,166$1,044,701$611,303$2,993,176
68$4,597,895$1,045,368$581,258$3,219,635
69$5,014,766$1,044,476$548,615$3,467,736
70$5,472,515$1,041,899$513,238$3,739,685
71$5,975,262$1,037,502$474,981$4,037,913
72$6,527,542$1,031,143$433,696$4,365,101
73$7,134,353$1,022,671$389,227$4,724,208
74$7,801,201$1,011,925$341,409$5,118,494
75$8,534,149$998,735$290,073$5,551,555
76$9,339,881$982,922$235,039$6,027,358
77$10,225,759$964,295$176,122$6,550,275
78$11,199,891$942,651$113,128$7,125,128
79$12,271,216$917,776$45,853$7,757,234
80$13,449,576$889,443$0$8,452,456
81$14,745,821$857,414$0$9,220,856
82$16,171,900$821,433$0$10,072,986
83$17,740,983$781,232$0$11,010,370
84$19,467,578$736,527$0$12,041,705
85$21,367,672$687,018$0$13,176,580
86$23,458,878$632,386$0$14,425,565
87$25,760,607$572,296$0$15,800,310
88$28,294,243$506,393$0$17,313,657
89$31,083,351$434,301$0$18,979,763
90$34,153,895$355,624$0$20,814,232
91$37,534,486$269,943$0$22,834,264
92$41,256,649$176,816$0$25,058,817
93$45,355,123$75,776$0$27,508,790
94$49,868,186$0$0$30,207,216
95$54,838,016$0$0$33,191,344
96$60,311,092$0$0$36,507,127
97$66,338,630$0$0$40,158,924
98$72,977,064$0$0$44,180,937
99$80,288,583$0$0$48,610,860
100$88,341,715$0$0$53,490,223