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%17.2%
1 years$66,889$66,293$65,712$65,145$64,591$62,699
2 years$33,113$32,497$31,899$31,319$30,757$28,867
3 years$21,856$21,237$20,641$20,067$19,514$17,684
4 years$16,229$15,611$15,021$14,457$13,917$12,162
5 years$12,853$12,240$11,657$11,104$10,580$8,903
6 years$10,604$9,994$9,421$8,880$8,371$6,776
7 years$8,997$8,393$7,829$7,301$6,808$5,293
8 years$7,793$7,195$6,639$6,125$5,648$4,213
9 years$6,857$6,264$5,718$5,217$4,756$3,400
10 years$6,109$5,522$4,985$4,497$4,053$2,773
11 years$5,497$4,916$4,389$3,914$3,486$2,280
12 years$4,987$4,412$3,895$3,433$3,020$1,887
13 years$4,556$3,987$3,480$3,031$2,634$1,569
14 years$4,187$3,624$3,127$2,690$2,309$1,311
15 years$3,868$3,311$2,823$2,399$2,033$1,099
16 years$3,589$3,038$2,560$2,148$1,797$924
17 years$3,342$2,797$2,329$1,930$1,593$779
18 years$3,124$2,585$2,126$1,739$1,416$657
19 years$2,929$2,396$1,946$1,572$1,263$556
20 years$2,753$2,226$1,786$1,424$1,128$471
21 years$2,594$2,074$1,643$1,292$1,009$399
22 years$2,450$1,936$1,514$1,175$905$339
23 years$2,319$1,810$1,398$1,070$812$288
24 years$2,199$1,696$1,293$976$730$244
25 years$2,088$1,592$1,198$891$657$208
26 years$1,987$1,496$1,111$815$592$177
27 years$1,892$1,408$1,031$746$533$151
28 years$1,805$1,327$959$683$481$128
29 years$1,724$1,252$892$627$435$109
30 years$1,649$1,182$831$575$393$93
31 years$1,578$1,117$775$528$355$79
32 years$1,512$1,057$723$485$321$68
33 years$1,451$1,001$675$446$291$58
34 years$1,393$949$631$411$263$49
35 years$1,338$900$590$378$238$42
36 years$1,286$854$552$348$216$36
37 years$1,238$811$516$321$196$30
38 years$1,192$771$484$296$177$26
39 years$1,149$733$453$273$161$22
40 years$1,107$698$425$251$146$19
41 years$1,068$664$398$232$132$16
42 years$1,031$632$373$214$120$14
43 years$996$603$350$198$109$12
44 years$962$574$329$183$99$10
45 years$930$548$309$169$90$9
46 years$900$523$290$156$82$7
47 years$871$499$273$144$74$6
48 years$843$476$256$133$67$5
49 years$816$455$241$123$61$5
50 years$791$434$226$114$55$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $810,000, adding $3,875 every year, while hoping to spend $41,384 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: 47/41/12 Blend
46$810,000$810,000$810,000$810,000
47$896,617$853,687$841,132$935,585
48$944,040$851,485$825,278$960,695
49$994,913$847,789$807,505$983,350
50$1,049,544$842,481$787,707$1,007,010
51$1,108,271$835,436$765,769$1,031,783
52$1,171,467$826,525$741,574$1,057,791
53$1,239,538$815,606$714,999$1,085,169
54$1,312,933$802,533$685,913$1,114,071
55$1,392,144$787,149$654,183$1,144,665
56$1,477,711$769,287$619,666$1,177,145
57$1,570,228$748,773$582,215$1,211,724
58$1,670,348$725,419$541,677$1,248,640
59$1,778,789$699,030$497,888$1,288,162
60$1,896,340$669,397$450,682$1,330,588
61$2,023,869$636,300$399,882$1,376,250
62$2,162,330$599,505$345,305$1,425,521
63$2,312,773$558,766$286,758$1,478,813
64$2,476,352$513,822$224,041$1,536,588
65$2,654,339$464,398$156,944$1,599,360
66$2,848,130$410,202$85,251$1,667,701
67$3,059,263$350,927$8,731$1,742,247
68$3,289,432$286,246$0$1,823,704
69$3,540,500$215,817$0$1,922,198
70$3,814,515$139,277$0$2,031,064
71$4,113,737$56,242$0$2,150,188
72$4,440,648$0$0$2,280,682
73$4,797,984$0$0$2,438,978
74$5,188,757$0$0$2,639,924
75$5,616,283$0$0$2,859,858
76$6,084,211$0$0$3,100,673
77$6,596,563$0$0$3,364,447
78$7,157,765$0$0$3,653,472
79$7,772,693$0$0$3,970,273
80$8,446,716$0$0$4,317,627
81$9,185,747$0$0$4,698,597
82$9,996,300$0$0$5,116,554
83$10,885,547$0$0$5,575,212
84$11,861,392$0$0$6,078,661
85$12,932,536$0$0$6,631,407
86$14,108,567$0$0$7,238,414
87$15,400,046$0$0$7,905,150
88$16,818,606$0$0$8,637,638
89$18,377,065$0$0$9,442,514
90$20,089,539$0$0$10,327,089
91$21,971,583$0$0$11,299,415
92$24,040,332$0$0$12,368,365
93$26,314,664$0$0$13,543,716
94$28,815,378$0$0$14,836,236
95$31,565,389$0$0$16,257,792
96$34,589,942$0$0$17,821,457
97$37,916,853$0$0$19,541,634
98$41,576,770$0$0$21,434,195
99$45,603,459$0$0$23,516,626
100$50,034,124$0$0$25,808,193