Can I retire at age 47 with 860,000?

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 $860,000?

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$71,018$70,385$69,768$69,166$68,578$66,436
2 years$35,157$34,503$33,868$33,253$32,656$30,517
3 years$23,205$22,548$21,915$21,305$20,718$18,649
4 years$17,231$16,575$15,948$15,349$14,776$12,794
5 years$13,647$12,995$12,377$11,790$11,233$9,341
6 years$11,258$10,611$10,002$9,428$8,888$7,090
7 years$9,553$8,911$8,312$7,752$7,228$5,523
8 years$8,274$7,639$7,049$6,503$5,997$4,383
9 years$7,280$6,651$6,071$5,539$5,050$3,526
10 years$6,486$5,862$5,293$4,774$4,303$2,866
11 years$5,836$5,219$4,660$4,155$3,701$2,349
12 years$5,295$4,684$4,136$3,645$3,207$1,938
13 years$4,838$4,233$3,695$3,218$2,796$1,607
14 years$4,446$3,848$3,320$2,856$2,451$1,337
15 years$4,107$3,515$2,997$2,547$2,158$1,117
16 years$3,810$3,225$2,718$2,281$1,908$936
17 years$3,549$2,970$2,473$2,049$1,691$786
18 years$3,317$2,745$2,257$1,847$1,504$661
19 years$3,109$2,544$2,067$1,669$1,340$557
20 years$2,923$2,364$1,897$1,511$1,197$470
21 years$2,754$2,202$1,745$1,372$1,071$397
22 years$2,601$2,055$1,608$1,247$960$335
23 years$2,462$1,922$1,485$1,136$862$284
24 years$2,334$1,801$1,373$1,036$775$240
25 years$2,217$1,690$1,272$946$697$203
26 years$2,109$1,588$1,179$865$628$172
27 years$2,009$1,495$1,095$792$566$146
28 years$1,917$1,409$1,018$725$511$124
29 years$1,831$1,329$947$665$461$105
30 years$1,751$1,255$882$611$417$89
31 years$1,676$1,186$823$561$377$76
32 years$1,606$1,123$768$515$341$64
33 years$1,540$1,063$717$474$309$55
34 years$1,479$1,008$670$436$279$46
35 years$1,421$956$626$401$253$39
36 years$1,366$907$586$370$229$33
37 years$1,314$861$548$341$208$28
38 years$1,266$819$513$314$188$24
39 years$1,219$779$481$289$171$20
40 years$1,176$741$451$267$155$17
41 years$1,134$705$423$246$141$15
42 years$1,095$671$397$227$128$13
43 years$1,057$640$372$210$116$11
44 years$1,022$610$349$194$105$9
45 years$988$582$328$179$95$8
46 years$955$555$308$165$87$7
47 years$925$529$289$153$79$6
48 years$895$505$272$141$71$5
49 years$867$483$256$130$65$4
50 years$840$461$240$121$59$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $860,000, adding $6,940 every year, while hoping to spend $39,756 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: 52/38/10 Blend
46$860,000$860,000$860,000$860,000
47$954,879$909,299$895,969$1,001,710
48$1,009,976$911,554$883,683$1,036,622
49$1,069,361$912,588$869,654$1,069,714
50$1,133,429$912,298$853,781$1,104,775
51$1,202,614$910,576$835,958$1,141,998
52$1,277,394$907,307$816,075$1,181,602
53$1,358,292$902,369$794,018$1,223,825
54$1,445,887$895,634$769,667$1,268,935
55$1,540,811$886,964$742,894$1,317,228
56$1,643,762$876,213$713,569$1,369,031
57$1,755,506$863,228$681,554$1,424,708
58$1,876,886$847,845$646,705$1,484,662
59$2,008,831$829,891$608,871$1,549,341
60$2,152,359$809,183$567,896$1,619,240
61$2,308,594$785,528$523,615$1,694,908
62$2,478,771$758,719$475,857$1,776,954
63$2,664,249$728,540$424,442$1,866,050
64$2,866,524$694,760$369,182$1,962,945
65$3,087,243$657,137$309,883$2,068,464
66$3,328,218$615,412$246,340$2,183,522
67$3,591,443$569,314$178,339$2,309,132
68$3,879,115$518,556$105,659$2,446,415
69$4,193,652$462,832$28,066$2,596,611
70$4,537,717$401,823$0$2,761,094
71$4,914,240$335,188$0$2,947,222
72$5,326,448$262,569$0$3,154,410
73$5,777,898$183,586$0$3,381,544
74$6,272,501$97,840$0$3,630,710
75$6,814,571$4,908$0$3,904,208
76$7,408,852$0$0$4,204,582
77$8,060,575$0$0$4,574,637
78$8,775,499$0$0$4,982,918
79$9,559,966$0$0$5,431,007
80$10,420,964$0$0$5,922,905
81$11,366,189$0$0$6,463,022
82$12,404,119$0$0$7,056,214
83$13,544,093$0$0$7,707,832
84$14,796,399$0$0$8,423,769
85$16,172,371$0$0$9,210,518
86$17,684,494$0$0$10,075,233
87$19,346,524$0$0$11,025,794
88$21,173,615$0$0$12,070,883
89$23,182,461$0$0$13,220,066
90$25,391,458$0$0$14,483,880
91$27,820,871$0$0$15,873,938
92$30,493,028$0$0$17,403,032
93$33,432,529$0$0$19,085,257
94$36,666,479$0$0$20,936,143
95$40,224,743$0$0$22,972,801
96$44,140,226$0$0$25,214,086
97$48,449,184$0$0$27,680,770
98$53,191,565$0$0$30,395,744
99$58,411,387$0$0$33,384,228
100$64,157,151$0$0$36,674,014