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%14.3%
1 years$67,715$67,112$66,523$65,949$65,388$64,225
2 years$33,522$32,898$32,293$31,706$31,137$29,970
3 years$22,126$21,499$20,896$20,314$19,755$18,619
4 years$16,429$15,804$15,207$14,635$14,089$12,994
5 years$13,012$12,391$11,801$11,241$10,710$9,659
6 years$10,735$10,118$9,537$8,990$8,475$7,468
7 years$9,108$8,497$7,925$7,391$6,892$5,930
8 years$7,889$7,283$6,721$6,200$5,718$4,800
9 years$6,942$6,342$5,789$5,281$4,815$3,942
10 years$6,184$5,590$5,047$4,552$4,103$3,273
11 years$5,565$4,976$4,443$3,962$3,529$2,741
12 years$5,049$4,466$3,943$3,475$3,058$2,312
13 years$4,613$4,036$3,523$3,068$2,666$1,961
14 years$4,239$3,669$3,165$2,723$2,337$1,671
15 years$3,916$3,352$2,858$2,429$2,058$1,429
16 years$3,633$3,075$2,591$2,175$1,819$1,227
17 years$3,384$2,832$2,358$1,954$1,613$1,056
18 years$3,162$2,617$2,152$1,761$1,434$910
19 years$2,965$2,425$1,970$1,591$1,278$787
20 years$2,787$2,254$1,808$1,441$1,142$681
21 years$2,626$2,099$1,663$1,308$1,022$590
22 years$2,480$1,960$1,533$1,189$916$512
23 years$2,348$1,833$1,416$1,083$822$445
24 years$2,226$1,717$1,309$988$739$387
25 years$2,114$1,611$1,212$902$665$337
26 years$2,011$1,515$1,125$825$599$293
27 years$1,916$1,425$1,044$755$540$256
28 years$1,828$1,343$971$692$487$223
29 years$1,746$1,267$903$634$440$194
30 years$1,669$1,197$841$582$398$170
31 years$1,598$1,131$784$535$359$148
32 years$1,531$1,070$732$491$325$129
33 years$1,468$1,014$683$452$294$113
34 years$1,410$961$639$416$266$99
35 years$1,354$911$597$383$241$86
36 years$1,302$865$558$352$219$75
37 years$1,253$821$523$325$198$66
38 years$1,207$781$489$299$180$58
39 years$1,163$742$459$276$163$50
40 years$1,121$706$430$255$148$44
41 years$1,082$672$403$235$134$38
42 years$1,044$640$378$217$122$34
43 years$1,008$610$355$200$110$29
44 years$974$581$333$185$100$26
45 years$942$555$313$171$91$22
46 years$911$529$294$158$83$20
47 years$882$505$276$146$75$17
48 years$853$482$259$135$68$15
49 years$826$460$244$124$62$13
50 years$801$440$229$115$56$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $820,000, adding $5,642 every year, while hoping to spend $22,901 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: 38/36/26 Blend
46$820,000$820,000$820,000$820,000
47$909,460$866,000$853,290$936,790
48$977,858$884,067$857,508$975,355
49$1,052,466$902,252$861,101$1,014,480
50$1,133,891$920,537$864,022$1,056,319
51$1,222,806$938,901$866,224$1,101,133
52$1,319,947$957,322$867,658$1,149,209
53$1,426,128$975,777$868,271$1,200,864
54$1,542,243$994,241$868,008$1,256,448
55$1,669,278$1,012,684$866,812$1,316,349
56$1,808,316$1,031,077$864,622$1,380,992
57$1,960,552$1,049,388$861,375$1,450,849
58$2,127,302$1,067,581$857,004$1,526,439
59$2,310,013$1,085,620$851,441$1,608,337
60$2,510,282$1,103,462$844,611$1,697,174
61$2,729,864$1,121,066$836,439$1,793,651
62$2,970,695$1,138,383$826,845$1,898,538
63$3,234,906$1,155,363$815,744$2,012,686
64$3,524,844$1,171,954$803,049$2,137,034
65$3,843,096$1,188,097$788,669$2,272,619
66$4,192,508$1,203,730$772,506$2,420,584
67$4,576,219$1,218,789$754,460$2,582,192
68$4,997,685$1,233,201$734,426$2,758,834
69$5,460,714$1,246,892$712,294$2,952,048
70$5,969,499$1,259,782$687,948$3,163,529
71$6,528,662$1,271,786$661,268$3,395,147
72$7,143,293$1,282,810$632,128$3,648,965
73$7,819,000$1,292,760$600,396$3,927,260
74$8,561,963$1,301,530$565,935$4,232,543
75$9,378,990$1,309,011$528,599$4,567,586
76$10,277,579$1,315,085$488,240$4,935,444
77$11,265,996$1,319,628$444,700$5,339,488
78$12,353,344$1,322,507$397,814$5,783,437
79$13,549,656$1,323,580$347,412$6,271,393
80$14,865,985$1,322,699$293,313$6,807,880
81$16,314,507$1,319,704$235,332$7,397,887
82$17,908,644$1,314,426$173,272$8,046,917
83$19,663,179$1,306,686$106,930$8,761,040
84$21,594,404$1,296,295$36,093$9,546,949
85$23,720,270$1,283,050$0$10,412,025
86$26,060,556$1,266,738$0$11,375,368
87$28,637,057$1,247,132$0$12,446,392
88$31,473,788$1,223,993$0$13,625,039
89$34,597,212$1,197,066$0$14,922,295
90$38,036,488$1,166,083$0$16,350,268
91$41,823,746$1,130,757$0$17,922,306
92$45,994,392$1,090,788$0$19,653,118
93$50,587,440$1,045,857$0$21,558,923
94$55,645,879$995,624$0$23,657,595
95$61,217,083$939,734$0$25,968,835
96$67,353,252$877,808$0$28,514,360
97$74,111,910$809,446$0$31,318,107
98$81,556,442$734,226$0$34,406,459
99$89,756,697$651,702$0$37,808,496
100$98,789,646$561,401$0$41,556,273