Can I retire at age 47 with 840,000?

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 $840,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$69,366$68,749$68,146$67,557$66,983$64,325
2 years$34,340$33,700$33,080$32,479$31,897$29,252
3 years$22,666$22,023$21,405$20,810$20,236$17,688
4 years$16,830$16,190$15,578$14,992$14,433$12,000
5 years$13,329$12,693$12,089$11,516$10,972$8,661
6 years$10,996$10,365$9,770$9,209$8,681$6,494
7 years$9,331$8,704$8,119$7,571$7,060$4,996
8 years$8,082$7,461$6,885$6,351$5,857$3,913
9 years$7,111$6,496$5,930$5,410$4,933$3,106
10 years$6,335$5,726$5,170$4,663$4,203$2,490
11 years$5,700$5,098$4,552$4,059$3,615$2,012
12 years$5,172$4,575$4,039$3,560$3,132$1,635
13 years$4,725$4,135$3,609$3,143$2,731$1,336
14 years$4,342$3,758$3,243$2,790$2,394$1,095
15 years$4,011$3,433$2,928$2,488$2,108$900
16 years$3,722$3,150$2,654$2,228$1,863$742
17 years$3,466$2,901$2,415$2,002$1,652$613
18 years$3,240$2,681$2,205$1,804$1,469$507
19 years$3,037$2,484$2,019$1,630$1,309$420
20 years$2,855$2,309$1,853$1,476$1,169$349
21 years$2,690$2,150$1,704$1,340$1,047$290
22 years$2,541$2,007$1,570$1,218$938$241
23 years$2,405$1,877$1,450$1,109$842$200
24 years$2,280$1,759$1,341$1,012$757$166
25 years$2,166$1,651$1,242$924$681$138
26 years$2,060$1,551$1,152$845$613$115
27 years$1,963$1,460$1,070$773$553$96
28 years$1,872$1,376$994$709$499$80
29 years$1,788$1,298$925$650$451$67
30 years$1,710$1,226$862$596$407$56
31 years$1,637$1,159$804$548$368$46
32 years$1,568$1,096$750$503$333$39
33 years$1,504$1,038$700$463$301$32
34 years$1,444$984$654$426$273$27
35 years$1,387$933$612$392$247$22
36 years$1,334$886$572$361$224$19
37 years$1,284$841$535$333$203$16
38 years$1,236$800$501$307$184$13
39 years$1,191$760$470$283$167$11
40 years$1,148$723$440$261$151$9
41 years$1,108$689$413$241$137$8
42 years$1,069$656$387$222$125$6
43 years$1,033$625$363$205$113$5
44 years$998$596$341$189$103$4
45 years$965$568$320$175$93$4
46 years$933$542$301$161$85$3
47 years$903$517$283$149$77$3
48 years$874$494$266$138$70$2
49 years$847$471$250$127$63$2
50 years$820$450$235$118$58$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $840,000, adding $4,511 every year, while hoping to spend $44,310 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: 47/26/27 Blend
46$840,000$840,000$840,000$840,000
47$930,333$885,813$872,793$966,678
48$978,082$882,072$854,886$989,003
49$1,029,215$876,663$834,894$1,008,537
50$1,084,033$869,457$812,701$1,028,877
51$1,142,862$860,318$788,184$1,050,123
52$1,206,061$849,101$761,215$1,072,386
53$1,274,026$835,654$731,662$1,095,790
54$1,347,188$819,813$699,385$1,120,478
55$1,426,025$801,407$664,238$1,146,608
56$1,511,058$780,254$626,068$1,174,358
57$1,602,860$756,161$584,716$1,203,929
58$1,702,064$728,925$540,016$1,235,545
59$1,809,361$698,329$491,793$1,269,459
60$1,925,513$664,145$439,866$1,305,951
61$2,051,358$626,131$384,044$1,345,337
62$2,187,817$584,032$324,130$1,387,968
63$2,335,903$537,577$259,916$1,434,239
64$2,496,728$486,481$191,187$1,484,587
65$2,671,518$430,443$117,715$1,539,502
66$2,861,620$369,142$39,266$1,599,529
67$3,068,518$302,243$0$1,665,276
68$3,293,842$229,388$0$1,750,226
69$3,539,388$150,202$0$1,855,229
70$3,807,131$64,287$0$1,969,875
71$4,099,246$0$0$2,095,176
72$4,418,125$0$0$2,240,482
73$4,766,404$0$0$2,419,363
74$5,146,983$0$0$2,614,926
75$5,563,055$0$0$2,828,823
76$6,018,135$0$0$3,062,873
77$6,516,095$0$0$3,319,080
78$7,061,195$0$0$3,599,650
79$7,658,131$0$0$3,907,011
80$8,312,069$0$0$4,243,839
81$9,028,703$0$0$4,613,081
82$9,814,301$0$0$5,017,982
83$10,675,766$0$0$5,462,114
84$11,620,704$0$0$5,949,416
85$12,657,490$0$0$6,484,222
86$13,795,350$0$0$7,071,310
87$15,044,446$0$0$7,715,940
88$16,415,971$0$0$8,423,908
89$17,922,257$0$0$9,201,599
90$19,576,888$0$0$10,056,045
91$21,394,827$0$0$10,994,995
92$23,392,561$0$0$12,026,985
93$25,588,251$0$0$13,161,418
94$28,001,906$0$0$14,408,656
95$30,655,568$0$0$15,780,112
96$33,573,524$0$0$17,288,363
97$36,782,531$0$0$18,947,264
98$40,312,068$0$0$20,772,080
99$44,194,616$0$0$22,779,632
100$48,465,962$0$0$24,988,451