Can I retire at age 47 with 830,000?

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 $830,000?

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$68,541$67,930$67,334$66,753$66,185$63,710
2 years$33,931$33,299$32,687$32,093$31,517$29,052
3 years$22,396$21,761$21,150$20,562$19,996$17,618
4 years$16,630$15,997$15,392$14,814$14,261$11,989
5 years$13,171$12,542$11,945$11,378$10,841$8,680
6 years$10,865$10,241$9,653$9,099$8,578$6,530
7 years$9,220$8,601$8,022$7,481$6,976$5,041
8 years$7,986$7,372$6,803$6,276$5,788$3,962
9 years$7,026$6,419$5,860$5,346$4,874$3,157
10 years$6,260$5,658$5,109$4,608$4,153$2,541
11 years$5,633$5,037$4,497$4,010$3,572$2,061
12 years$5,110$4,521$3,991$3,518$3,095$1,682
13 years$4,669$4,086$3,566$3,105$2,699$1,379
14 years$4,291$3,714$3,204$2,757$2,366$1,135
15 years$3,963$3,393$2,893$2,458$2,083$938
16 years$3,677$3,113$2,623$2,201$1,841$776
17 years$3,425$2,867$2,387$1,978$1,632$644
18 years$3,201$2,649$2,179$1,782$1,451$535
19 years$3,001$2,455$1,995$1,611$1,294$446
20 years$2,821$2,281$1,830$1,459$1,156$371
21 years$2,658$2,125$1,684$1,324$1,034$310
22 years$2,511$1,983$1,552$1,204$927$259
23 years$2,376$1,855$1,433$1,096$832$216
24 years$2,253$1,738$1,325$1,000$748$181
25 years$2,140$1,631$1,227$913$673$151
26 years$2,036$1,533$1,138$835$606$126
27 years$1,939$1,443$1,057$764$547$106
28 years$1,850$1,359$983$700$493$89
29 years$1,767$1,283$914$642$445$74
30 years$1,690$1,211$852$589$402$62
31 years$1,617$1,145$794$541$364$52
32 years$1,550$1,083$741$497$329$44
33 years$1,486$1,026$692$457$298$36
34 years$1,427$972$646$421$270$31
35 years$1,371$922$604$387$244$26
36 years$1,318$875$565$357$221$21
37 years$1,268$831$529$329$201$18
38 years$1,221$790$495$303$182$15
39 years$1,177$751$464$279$165$13
40 years$1,135$715$435$258$150$11
41 years$1,095$680$408$238$136$9
42 years$1,057$648$383$219$123$7
43 years$1,021$617$359$203$112$6
44 years$986$589$337$187$101$5
45 years$953$561$317$173$92$4
46 years$922$535$297$160$84$4
47 years$892$511$279$147$76$3
48 years$864$488$262$136$69$3
49 years$836$466$247$126$63$2
50 years$810$445$232$116$57$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $830,000, adding $3,801 every year, while hoping to spend $51,234 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: 51/31/18 Blend
46$830,000$830,000$830,000$830,000
47$918,581$874,591$861,726$960,689
48$957,763$862,933$836,081$978,428
49$999,226$848,987$807,860$992,071
50$1,043,146$832,587$776,922$1,005,796
51$1,089,718$813,555$743,121$1,019,628
52$1,139,157$791,707$706,303$1,033,598
53$1,191,695$766,844$666,308$1,047,742
54$1,247,586$738,758$622,967$1,062,104
55$1,307,110$707,227$576,107$1,076,738
56$1,370,571$672,017$525,543$1,091,705
57$1,438,305$632,882$471,084$1,107,077
58$1,510,678$589,559$412,531$1,122,937
59$1,588,091$541,771$349,675$1,139,384
60$1,670,986$489,227$282,298$1,156,528
61$1,759,844$431,617$210,173$1,174,498
62$1,855,195$368,614$133,061$1,193,443
63$1,957,622$299,873$50,716$1,213,531
64$2,067,762$225,029$0$1,234,953
65$2,186,316$143,698$0$1,265,066
66$2,314,053$55,472$0$1,307,838
67$2,451,819$0$0$1,353,855
68$2,600,541$0$0$1,417,161
69$2,761,240$0$0$1,506,078
70$2,935,036$0$0$1,602,313
71$3,123,163$0$0$1,706,556
72$3,326,974$0$0$1,819,567
73$3,547,959$0$0$1,942,182
74$3,787,756$0$0$2,075,320
75$4,048,167$0$0$2,219,991
76$4,331,172$0$0$2,377,308
77$4,638,952$0$0$2,548,494
78$4,973,904$0$0$2,734,895
79$5,338,667$0$0$2,937,993
80$5,736,145$0$0$3,159,416
81$6,169,533$0$0$3,400,960
82$6,642,349$0$0$3,664,599
83$7,158,462$0$0$3,952,506
84$7,722,135$0$0$4,267,075
85$8,338,058$0$0$4,610,939
86$9,011,396$0$0$4,986,999
87$9,747,833$0$0$5,398,448
88$10,553,632$0$0$5,848,802
89$11,435,685$0$0$6,341,933
90$12,401,583$0$0$6,882,105
91$13,459,686$0$0$7,474,013
92$14,619,200$0$0$8,122,829
93$15,890,262$0$0$8,834,247
94$17,284,040$0$0$9,614,542
95$18,812,831$0$0$10,470,621
96$20,490,183$0$0$11,410,095
97$22,331,015$0$0$12,441,347
98$24,351,764$0$0$13,573,611
99$26,570,533$0$0$14,817,058
100$29,007,265$0$0$16,182,892