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%17.7%
1 years$70,192$69,567$68,957$68,362$67,780$65,663
2 years$34,749$34,101$33,474$32,866$32,276$30,162
3 years$22,936$22,286$21,660$21,058$20,477$18,433
4 years$17,030$16,382$15,763$15,171$14,605$12,645
5 years$13,488$12,844$12,233$11,653$11,102$9,233
6 years$11,127$10,488$9,886$9,319$8,785$7,007
7 years$9,442$8,808$8,215$7,661$7,144$5,459
8 years$8,178$7,550$6,967$6,427$5,927$4,332
9 years$7,196$6,574$6,001$5,474$4,991$3,485
10 years$6,410$5,794$5,232$4,719$4,253$2,833
11 years$5,768$5,158$4,606$4,107$3,658$2,322
12 years$5,234$4,630$4,088$3,602$3,170$1,915
13 years$4,781$4,184$3,652$3,180$2,764$1,588
14 years$4,394$3,803$3,281$2,823$2,423$1,322
15 years$4,059$3,474$2,963$2,518$2,133$1,104
16 years$3,766$3,188$2,686$2,254$1,885$925
17 years$3,507$2,936$2,444$2,026$1,672$777
18 years$3,278$2,713$2,231$1,825$1,486$653
19 years$3,073$2,514$2,043$1,649$1,325$550
20 years$2,889$2,336$1,875$1,494$1,183$464
21 years$2,722$2,176$1,724$1,356$1,059$392
22 years$2,571$2,031$1,589$1,233$949$331
23 years$2,433$1,900$1,467$1,123$852$280
24 years$2,307$1,780$1,357$1,024$766$237
25 years$2,191$1,670$1,257$935$689$201
26 years$2,085$1,570$1,166$855$621$170
27 years$1,986$1,478$1,082$783$560$144
28 years$1,894$1,392$1,006$717$505$122
29 years$1,809$1,313$936$658$456$104
30 years$1,730$1,240$872$603$412$88
31 years$1,656$1,173$813$554$373$75
32 years$1,587$1,109$759$509$337$64
33 years$1,522$1,051$708$468$305$54
34 years$1,461$996$662$431$276$46
35 years$1,404$945$619$397$250$39
36 years$1,350$897$579$365$227$33
37 years$1,299$851$542$337$205$28
38 years$1,251$809$507$310$186$24
39 years$1,205$769$475$286$169$20
40 years$1,162$732$446$264$153$17
41 years$1,121$697$418$243$139$15
42 years$1,082$664$392$225$126$12
43 years$1,045$632$368$207$114$11
44 years$1,010$603$345$192$104$9
45 years$976$575$324$177$94$8
46 years$944$548$304$163$86$6
47 years$914$523$286$151$78$5
48 years$885$500$269$139$71$5
49 years$857$477$253$129$64$4
50 years$830$456$238$119$58$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $850,000, adding $6,842 every year, while hoping to spend $58,481 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: 48/23/29 Blend
46$850,000$850,000$850,000$850,000
47$943,758$898,708$885,533$980,955
48$977,797$880,521$852,975$989,660
49$1,013,349$859,483$817,366$992,855
50$1,050,506$835,393$778,542$995,202
51$1,089,367$808,036$736,333$996,653
52$1,130,041$777,188$690,558$997,156
53$1,172,644$742,610$641,031$996,660
54$1,217,304$704,048$587,556$995,113
55$1,264,159$661,236$529,929$992,461
56$1,313,357$613,891$467,936$988,652
57$1,365,062$561,714$401,354$983,634
58$1,419,450$504,389$329,951$977,352
59$1,476,712$441,583$253,483$969,757
60$1,537,058$372,942$171,696$960,797
61$1,600,716$298,094$84,326$950,423
62$1,667,934$216,645$0$938,590
63$1,738,982$128,179$0$928,012
64$1,814,155$32,258$0$943,915
65$1,893,777$0$0$960,239
66$1,978,200$0$0$995,167
67$2,067,809$0$0$1,040,953
68$2,163,024$0$0$1,089,653
69$2,264,307$0$0$1,141,511
70$2,372,161$0$0$1,196,791
71$2,487,138$0$0$1,255,783
72$2,609,843$0$0$1,318,804
73$2,740,938$0$0$1,386,205
74$2,881,149$0$0$1,458,366
75$3,031,272$0$0$1,535,707
76$3,192,178$0$0$1,618,687
77$3,364,826$0$0$1,707,811
78$3,550,266$0$0$1,803,632
79$3,749,652$0$0$1,906,758
80$3,964,248$0$0$2,017,856
81$4,195,445$0$0$2,137,659
82$4,444,770$0$0$2,266,973
83$4,713,899$0$0$2,406,681
84$5,004,677$0$0$2,557,757
85$5,319,127$0$0$2,721,269
86$5,659,477$0$0$2,898,392
87$6,028,173$0$0$3,090,417
88$6,427,906$0$0$3,298,765
89$6,861,635$0$0$3,524,998
90$7,332,613$0$0$3,770,834
91$7,844,421$0$0$4,038,164
92$8,400,996$0$0$4,329,066
93$9,006,669$0$0$4,645,829
94$9,666,207$0$0$4,990,971
95$10,384,856$0$0$5,367,262
96$11,168,386$0$0$5,777,752
97$12,023,150$0$0$6,225,797
98$12,956,142$0$0$6,715,092
99$13,975,058$0$0$7,249,705
100$15,088,372$0$0$7,834,113