Can I retire at age 47 with 820,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$67,715$67,112$66,523$65,949$65,388$63,678
2 years$33,522$32,898$32,293$31,706$31,137$29,426
3 years$22,126$21,499$20,896$20,314$19,755$18,096
4 years$16,429$15,804$15,207$14,635$14,089$12,496
5 years$13,012$12,391$11,801$11,241$10,710$9,186
6 years$10,735$10,118$9,537$8,990$8,475$7,022
7 years$9,108$8,497$7,925$7,391$6,892$5,510
8 years$7,889$7,283$6,721$6,200$5,718$4,407
9 years$6,942$6,342$5,789$5,281$4,815$3,573
10 years$6,184$5,590$5,047$4,552$4,103$2,929
11 years$5,565$4,976$4,443$3,962$3,529$2,420
12 years$5,049$4,466$3,943$3,475$3,058$2,014
13 years$4,613$4,036$3,523$3,068$2,666$1,684
14 years$4,239$3,669$3,165$2,723$2,337$1,415
15 years$3,916$3,352$2,858$2,429$2,058$1,193
16 years$3,633$3,075$2,591$2,175$1,819$1,008
17 years$3,384$2,832$2,358$1,954$1,613$855
18 years$3,162$2,617$2,152$1,761$1,434$726
19 years$2,965$2,425$1,970$1,591$1,278$618
20 years$2,787$2,254$1,808$1,441$1,142$526
21 years$2,626$2,099$1,663$1,308$1,022$449
22 years$2,480$1,960$1,533$1,189$916$383
23 years$2,348$1,833$1,416$1,083$822$328
24 years$2,226$1,717$1,309$988$739$280
25 years$2,114$1,611$1,212$902$665$240
26 years$2,011$1,515$1,125$825$599$205
27 years$1,916$1,425$1,044$755$540$176
28 years$1,828$1,343$971$692$487$151
29 years$1,746$1,267$903$634$440$129
30 years$1,669$1,197$841$582$398$111
31 years$1,598$1,131$784$535$359$95
32 years$1,531$1,070$732$491$325$82
33 years$1,468$1,014$683$452$294$70
34 years$1,410$961$639$416$266$60
35 years$1,354$911$597$383$241$52
36 years$1,302$865$558$352$219$44
37 years$1,253$821$523$325$198$38
38 years$1,207$781$489$299$180$33
39 years$1,163$742$459$276$163$28
40 years$1,121$706$430$255$148$24
41 years$1,082$672$403$235$134$21
42 years$1,044$640$378$217$122$18
43 years$1,008$610$355$200$110$15
44 years$974$581$333$185$100$13
45 years$942$555$313$171$91$11
46 years$911$529$294$158$83$10
47 years$882$505$276$146$75$8
48 years$853$482$259$135$68$7
49 years$826$460$244$124$62$6
50 years$801$440$229$115$56$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $820,000, adding $4,840 every year, while hoping to spend $21,109 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: 53/32/15 Blend
46$820,000$820,000$820,000$820,000
47$908,632$865,172$852,462$952,897
48$978,853$885,106$858,560$1,003,599
49$1,055,529$905,309$864,155$1,056,084
50$1,139,296$925,772$869,207$1,112,716
51$1,230,854$946,485$873,675$1,173,893
52$1,330,975$967,437$877,517$1,240,056
53$1,440,507$988,614$880,687$1,311,690
54$1,560,386$1,010,002$883,136$1,389,327
55$1,691,639$1,031,587$884,816$1,473,557
56$1,835,402$1,053,350$885,673$1,565,027
57$1,992,922$1,075,273$885,651$1,664,451
58$2,165,573$1,097,335$884,694$1,772,617
59$2,354,870$1,119,513$882,740$1,890,392
60$2,562,480$1,141,783$879,725$2,018,732
61$2,790,241$1,164,117$875,583$2,158,689
62$3,040,173$1,186,487$870,244$2,311,425
63$3,314,507$1,208,861$863,633$2,478,220
64$3,615,696$1,231,205$855,674$2,660,483
65$3,946,445$1,253,481$846,287$2,859,770
66$4,309,731$1,275,651$835,386$3,077,792
67$4,708,836$1,297,670$822,884$3,316,439
68$5,147,375$1,319,493$808,688$3,577,792
69$5,629,328$1,341,070$792,700$3,864,145
70$6,159,085$1,362,347$774,820$4,178,026
71$6,741,476$1,383,267$754,942$4,522,223
72$7,381,828$1,403,768$732,953$4,899,808
73$8,086,006$1,423,784$708,739$5,314,167
74$8,860,474$1,443,245$682,177$5,769,033
75$9,712,353$1,462,075$653,141$6,268,519
76$10,649,490$1,480,193$621,498$6,817,162
77$11,680,528$1,497,513$587,109$7,419,959
78$12,814,994$1,513,943$549,828$8,082,420
79$14,063,380$1,529,384$509,505$8,810,619
80$15,437,252$1,543,730$465,981$9,611,250
81$16,949,351$1,556,872$419,089$10,491,691
82$18,613,714$1,568,688$368,659$11,460,074
83$20,445,812$1,579,053$314,508$12,525,366
84$22,462,689$1,587,830$256,448$13,697,445
85$24,683,126$1,594,877$194,282$14,987,204
86$27,127,819$1,600,041$127,805$16,406,645
87$29,819,572$1,603,158$56,802$17,969,002
88$32,783,513$1,604,057$0$19,688,856
89$36,047,329$1,602,553$0$21,585,319
90$39,641,531$1,598,453$0$23,682,970
91$43,599,739$1,591,549$0$25,992,274
92$47,958,999$1,581,622$0$28,534,796
93$52,760,135$1,568,439$0$31,334,300
94$58,048,130$1,551,754$0$34,416,976
95$63,872,554$1,531,305$0$37,811,689
96$70,288,031$1,506,815$0$41,550,247
97$77,354,750$1,477,989$0$45,667,708
98$85,139,042$1,444,518$0$50,202,706
99$93,713,995$1,406,070$0$55,197,819
100$103,160,154$1,362,298$0$60,699,973