Can I retire at age 47 with 820,000?

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 $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%19.3%
1 years$67,715$67,112$66,523$65,949$65,388$62,943
2 years$33,522$32,898$32,293$31,706$31,137$28,702
3 years$22,126$21,499$20,896$20,314$19,755$17,406
4 years$16,429$15,804$15,207$14,635$14,089$11,844
5 years$13,012$12,391$11,801$11,241$10,710$8,576
6 years$10,735$10,118$9,537$8,990$8,475$6,451
7 years$9,108$8,497$7,925$7,391$6,892$4,980
8 years$7,889$7,283$6,721$6,200$5,718$3,915
9 years$6,942$6,342$5,789$5,281$4,815$3,119
10 years$6,184$5,590$5,047$4,552$4,103$2,510
11 years$5,565$4,976$4,443$3,962$3,529$2,036
12 years$5,049$4,466$3,943$3,475$3,058$1,661
13 years$4,613$4,036$3,523$3,068$2,666$1,363
14 years$4,239$3,669$3,165$2,723$2,337$1,122
15 years$3,916$3,352$2,858$2,429$2,058$926
16 years$3,633$3,075$2,591$2,175$1,819$767
17 years$3,384$2,832$2,358$1,954$1,613$636
18 years$3,162$2,617$2,152$1,761$1,434$529
19 years$2,965$2,425$1,970$1,591$1,278$440
20 years$2,787$2,254$1,808$1,441$1,142$367
21 years$2,626$2,099$1,663$1,308$1,022$306
22 years$2,480$1,960$1,533$1,189$916$256
23 years$2,348$1,833$1,416$1,083$822$213
24 years$2,226$1,717$1,309$988$739$178
25 years$2,114$1,611$1,212$902$665$149
26 years$2,011$1,515$1,125$825$599$125
27 years$1,916$1,425$1,044$755$540$104
28 years$1,828$1,343$971$692$487$87
29 years$1,746$1,267$903$634$440$73
30 years$1,669$1,197$841$582$398$61
31 years$1,598$1,131$784$535$359$51
32 years$1,531$1,070$732$491$325$43
33 years$1,468$1,014$683$452$294$36
34 years$1,410$961$639$416$266$30
35 years$1,354$911$597$383$241$25
36 years$1,302$865$558$352$219$21
37 years$1,253$821$523$325$198$18
38 years$1,207$781$489$299$180$15
39 years$1,163$742$459$276$163$12
40 years$1,121$706$430$255$148$10
41 years$1,082$672$403$235$134$9
42 years$1,044$640$378$217$122$7
43 years$1,008$610$355$200$110$6
44 years$974$581$333$185$100$5
45 years$942$555$313$171$91$4
46 years$911$529$294$158$83$4
47 years$882$505$276$146$75$3
48 years$853$482$259$135$68$3
49 years$826$460$244$124$62$2
50 years$801$440$229$115$56$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $820,000, adding $2,121 every year, while hoping to spend $51,823 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: 51/38/11 Blend
46$820,000$820,000$820,000$820,000
47$905,828$862,368$849,658$949,281
48$943,083$849,485$822,982$966,312
49$982,401$834,233$793,676$979,128
50$1,023,938$816,443$761,596$991,867
51$1,067,864$795,933$726,594$1,004,537
52$1,114,365$772,511$688,513$1,017,147
53$1,163,641$745,976$647,190$1,029,712
54$1,215,916$716,112$602,454$1,042,252
55$1,271,431$682,693$554,127$1,054,793
56$1,330,450$645,478$502,024$1,067,365
57$1,393,263$604,214$445,949$1,080,009
58$1,460,187$558,632$385,700$1,092,773
59$1,531,569$508,448$321,063$1,105,714
60$1,607,789$453,361$251,818$1,118,902
61$1,689,263$393,055$177,734$1,132,419
62$1,776,448$327,195$98,568$1,146,358
63$1,869,845$255,427$14,069$1,160,834
64$1,970,003$177,376$0$1,175,975
65$2,077,523$92,648$0$1,200,864
66$2,193,068$826$0$1,229,084
67$2,317,363$0$0$1,259,216
68$2,451,206$0$0$1,332,721
69$2,595,470$0$0$1,412,386
70$2,751,119$0$0$1,498,405
71$2,919,207$0$0$1,591,368
72$3,100,895$0$0$1,691,928
73$3,297,459$0$0$1,800,800
74$3,510,302$0$0$1,918,770
75$3,740,964$0$0$2,046,703
76$3,991,141$0$0$2,185,550
77$4,262,697$0$0$2,336,357
78$4,557,682$0$0$2,500,275
79$4,878,352$0$0$2,678,569
80$5,227,187$0$0$2,872,631
81$5,606,918$0$0$3,083,995
82$6,020,547$0$0$3,314,346
83$6,471,382$0$0$3,565,541
84$6,963,058$0$0$3,839,620
85$7,499,581$0$0$4,138,833
86$8,085,357$0$0$4,465,655
87$8,725,239$0$0$4,822,809
88$9,424,566$0$0$5,213,295
89$10,189,219$0$0$5,640,415
90$11,025,672$0$0$6,107,805
91$11,941,054$0$0$6,619,470
92$12,943,214$0$0$7,179,817
93$14,040,795$0$0$7,793,702
94$15,243,318$0$0$8,466,472
95$16,561,263$0$0$9,204,016
96$18,006,178$0$0$10,012,819
97$19,590,777$0$0$10,900,024
98$21,329,067$0$0$11,873,501
99$23,236,473$0$0$12,941,915
100$25,329,988$0$0$14,114,812