Can I retire at age 47 with 850,000?

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 $850,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$70,192$69,567$68,957$68,362$67,780$65,453
2 years$34,749$34,101$33,474$32,866$32,276$29,956
3 years$22,936$22,286$21,660$21,058$20,477$18,236
4 years$17,030$16,382$15,763$15,171$14,605$12,460
5 years$13,488$12,844$12,233$11,653$11,102$9,059
6 years$11,127$10,488$9,886$9,319$8,785$6,845
7 years$9,442$8,808$8,215$7,661$7,144$5,308
8 years$8,178$7,550$6,967$6,427$5,927$4,193
9 years$7,196$6,574$6,001$5,474$4,991$3,357
10 years$6,410$5,794$5,232$4,719$4,253$2,715
11 years$5,768$5,158$4,606$4,107$3,658$2,214
12 years$5,234$4,630$4,088$3,602$3,170$1,816
13 years$4,781$4,184$3,652$3,180$2,764$1,498
14 years$4,394$3,803$3,281$2,823$2,423$1,240
15 years$4,059$3,474$2,963$2,518$2,133$1,030
16 years$3,766$3,188$2,686$2,254$1,885$858
17 years$3,507$2,936$2,444$2,026$1,672$716
18 years$3,278$2,713$2,231$1,825$1,486$599
19 years$3,073$2,514$2,043$1,649$1,325$501
20 years$2,889$2,336$1,875$1,494$1,183$420
21 years$2,722$2,176$1,724$1,356$1,059$353
22 years$2,571$2,031$1,589$1,233$949$296
23 years$2,433$1,900$1,467$1,123$852$249
24 years$2,307$1,780$1,357$1,024$766$210
25 years$2,191$1,670$1,257$935$689$176
26 years$2,085$1,570$1,166$855$621$148
27 years$1,986$1,478$1,082$783$560$125
28 years$1,894$1,392$1,006$717$505$105
29 years$1,809$1,313$936$658$456$89
30 years$1,730$1,240$872$603$412$75
31 years$1,656$1,173$813$554$373$63
32 years$1,587$1,109$759$509$337$53
33 years$1,522$1,051$708$468$305$45
34 years$1,461$996$662$431$276$38
35 years$1,404$945$619$397$250$32
36 years$1,350$897$579$365$227$27
37 years$1,299$851$542$337$205$23
38 years$1,251$809$507$310$186$19
39 years$1,205$769$475$286$169$16
40 years$1,162$732$446$264$153$14
41 years$1,121$697$418$243$139$12
42 years$1,082$664$392$225$126$10
43 years$1,045$632$368$207$114$8
44 years$1,010$603$345$192$104$7
45 years$976$575$324$177$94$6
46 years$944$548$304$163$86$5
47 years$914$523$286$151$78$4
48 years$885$500$269$139$71$4
49 years$857$477$253$129$64$3
50 years$830$456$238$119$58$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $850,000, adding $5,732 every year, while hoping to spend $51,498 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: 79/10/11 Blend
46$850,000$850,000$850,000$850,000
47$942,613$897,563$884,388$1,014,788
48$983,966$886,750$859,221$1,052,207
49$1,027,811$873,681$831,486$1,086,007
50$1,074,347$858,191$801,040$1,121,594
51$1,123,795$840,107$767,739$1,159,123
52$1,176,391$819,241$731,428$1,198,764
53$1,232,398$795,399$691,946$1,240,708
54$1,292,103$768,374$649,126$1,285,162
55$1,355,819$737,945$602,793$1,332,358
56$1,423,888$703,881$552,763$1,382,548
57$1,496,690$665,936$498,845$1,436,014
58$1,574,635$623,849$440,839$1,493,066
59$1,658,176$577,347$378,536$1,554,045
60$1,747,812$526,138$311,718$1,619,328
61$1,844,086$469,916$240,158$1,689,333
62$1,947,597$408,356$163,618$1,764,518
63$2,059,001$341,115$81,848$1,845,393
64$2,179,020$267,831$0$1,932,517
65$2,308,447$188,121$0$2,027,145
66$2,448,150$101,581$0$2,139,619
67$2,599,087$7,784$0$2,261,108
68$2,762,308$0$0$2,392,481
69$2,938,969$0$0$2,545,006
70$3,130,338$0$0$2,711,180
71$3,337,812$0$0$2,891,360
72$3,562,926$0$0$3,086,884
73$3,807,368$0$0$3,299,221
74$4,072,996$0$0$3,529,986
75$4,361,852$0$0$3,780,958
76$4,676,184$0$0$4,054,093
77$5,018,464$0$0$4,351,543
78$5,391,414$0$0$4,675,677
79$5,798,029$0$0$5,029,101
80$6,241,604$0$0$5,414,684
81$6,725,767$0$0$5,835,585
82$7,254,512$0$0$6,295,278
83$7,832,235$0$0$6,797,590
84$8,463,775$0$0$7,346,735
85$9,154,460$0$0$7,947,349
86$9,910,157$0$0$8,604,541
87$10,737,327$0$0$9,323,932
88$11,643,083$0$0$10,111,717
89$12,635,259$0$0$10,974,712
90$13,722,480$0$0$11,920,429
91$14,914,248$0$0$12,957,137
92$16,221,028$0$0$14,093,945
93$17,654,342$0$0$15,340,886
94$19,226,886$0$0$16,709,009
95$20,952,641$0$0$18,210,487
96$22,847,009$0$0$19,858,726
97$24,926,954$0$0$21,668,494
98$27,211,164$0$0$23,656,061
99$29,720,226$0$0$25,839,347
100$32,476,818$0$0$28,238,094