Can I retire at age 47 with 810,000?

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 $810,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$66,889$66,293$65,712$65,145$64,591$62,548
2 years$33,113$32,497$31,899$31,319$30,757$28,718
3 years$21,856$21,237$20,641$20,067$19,514$17,542
4 years$16,229$15,611$15,021$14,457$13,917$12,028
5 years$12,853$12,240$11,657$11,104$10,580$8,777
6 years$10,604$9,994$9,421$8,880$8,371$6,658
7 years$8,997$8,393$7,829$7,301$6,808$5,184
8 years$7,793$7,195$6,639$6,125$5,648$4,111
9 years$6,857$6,264$5,718$5,217$4,756$3,305
10 years$6,109$5,522$4,985$4,497$4,053$2,685
11 years$5,497$4,916$4,389$3,914$3,486$2,200
12 years$4,987$4,412$3,895$3,433$3,020$1,813
13 years$4,556$3,987$3,480$3,031$2,634$1,502
14 years$4,187$3,624$3,127$2,690$2,309$1,250
15 years$3,868$3,311$2,823$2,399$2,033$1,043
16 years$3,589$3,038$2,560$2,148$1,797$873
17 years$3,342$2,797$2,329$1,930$1,593$733
18 years$3,124$2,585$2,126$1,739$1,416$616
19 years$2,929$2,396$1,946$1,572$1,263$518
20 years$2,753$2,226$1,786$1,424$1,128$437
21 years$2,594$2,074$1,643$1,292$1,009$369
22 years$2,450$1,936$1,514$1,175$905$311
23 years$2,319$1,810$1,398$1,070$812$263
24 years$2,199$1,696$1,293$976$730$223
25 years$2,088$1,592$1,198$891$657$188
26 years$1,987$1,496$1,111$815$592$160
27 years$1,892$1,408$1,031$746$533$135
28 years$1,805$1,327$959$683$481$115
29 years$1,724$1,252$892$627$435$97
30 years$1,649$1,182$831$575$393$82
31 years$1,578$1,117$775$528$355$70
32 years$1,512$1,057$723$485$321$59
33 years$1,451$1,001$675$446$291$50
34 years$1,393$949$631$411$263$43
35 years$1,338$900$590$378$238$36
36 years$1,286$854$552$348$216$31
37 years$1,238$811$516$321$196$26
38 years$1,192$771$484$296$177$22
39 years$1,149$733$453$273$161$19
40 years$1,107$698$425$251$146$16
41 years$1,068$664$398$232$132$13
42 years$1,031$632$373$214$120$11
43 years$996$603$350$198$109$10
44 years$962$574$329$183$99$8
45 years$930$548$309$169$90$7
46 years$900$523$290$156$82$6
47 years$871$499$273$144$74$5
48 years$843$476$256$133$67$4
49 years$816$455$241$123$61$4
50 years$791$434$226$114$55$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $810,000, adding $5,391 every year, while hoping to spend $25,385 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: 87/7/6 Blend
46$810,000$810,000$810,000$810,000
47$898,181$855,251$842,696$975,655
48$962,786$870,149$843,917$1,041,831
49$1,033,130$884,926$844,328$1,110,464
50$1,109,771$899,549$843,875$1,185,071
51$1,193,325$913,984$842,502$1,266,237
52$1,284,467$928,192$840,148$1,354,604
53$1,383,943$942,134$836,753$1,450,880
54$1,492,571$955,765$832,251$1,555,841
55$1,611,255$969,039$826,573$1,670,348
56$1,740,988$981,907$819,648$1,795,342
57$1,882,863$994,314$811,400$1,931,866
58$2,038,084$1,006,205$801,752$2,081,064
59$2,207,978$1,017,518$790,620$2,244,198
60$2,394,004$1,028,189$777,918$2,422,657
61$2,597,771$1,038,149$763,557$2,617,973
62$2,821,049$1,047,323$747,441$2,831,833
63$3,065,787$1,055,633$729,472$3,066,093
64$3,334,134$1,062,996$709,546$3,322,801
65$3,628,455$1,069,322$687,555$3,604,211
66$3,951,356$1,074,517$663,386$3,912,806
67$4,305,705$1,078,479$636,920$4,251,325
68$4,694,664$1,081,102$608,034$4,622,782
69$5,121,715$1,082,271$576,598$5,030,498
70$5,590,693$1,081,866$542,478$5,478,134
71$6,105,824$1,079,758$505,531$5,969,724
72$6,671,762$1,075,810$465,610$6,509,709
73$7,293,635$1,069,877$422,561$7,102,987
74$7,977,091$1,061,807$376,222$7,754,952
75$8,728,354$1,051,435$326,426$8,471,548
76$9,554,281$1,038,590$272,995$9,259,325
77$10,462,424$1,023,088$215,748$10,125,501
78$11,461,107$1,004,734$154,491$11,078,029
79$12,559,498$983,325$89,024$12,125,672
80$13,767,700$958,640$19,140$13,278,087
81$15,096,843$930,452$0$14,545,915
82$16,559,191$898,514$0$15,944,431
83$18,168,256$862,569$0$17,484,545
84$19,938,927$822,343$0$19,179,285
85$21,887,608$777,548$0$21,044,358
86$24,032,374$727,878$0$23,097,070
87$26,393,141$673,009$0$25,356,492
88$28,991,855$612,600$0$27,843,638
89$31,852,695$546,289$0$30,581,666
90$35,002,308$473,695$0$33,596,092
91$38,470,050$394,413$0$36,915,035
92$42,288,274$308,018$0$40,569,479
93$46,492,627$214,060$0$44,593,568
94$51,122,389$112,062$0$49,024,926
95$56,220,842$1,523$0$53,905,015
96$61,835,684$0$0$59,279,522
97$68,019,468$0$0$65,207,891
98$74,830,111$0$0$71,737,366
99$82,331,427$0$0$78,929,013
100$90,593,740$0$0$86,850,252