Can I retire at age 47 with 860,000?

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 $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 $5,015 every year, while hoping to spend $44,094 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: 58/24/18 Blend
46$860,000$860,000$860,000$860,000
47$952,893$907,313$893,983$1,003,386
48$1,003,172$904,856$877,016$1,035,756
49$1,057,102$900,800$858,002$1,065,781
50$1,115,009$895,021$836,827$1,097,516
51$1,177,250$887,387$813,371$1,131,133
52$1,244,217$877,757$787,506$1,166,824
53$1,316,342$865,982$759,103$1,204,804
54$1,394,097$851,904$728,021$1,245,309
55$1,478,004$835,356$694,119$1,288,603
56$1,568,633$816,161$657,245$1,334,978
57$1,666,612$794,131$617,241$1,384,760
58$1,772,632$769,069$573,944$1,438,310
59$1,887,450$740,763$527,181$1,496,027
60$2,011,901$708,991$476,772$1,558,354
61$2,146,902$673,519$422,531$1,625,785
62$2,293,461$634,097$364,261$1,698,865
63$2,452,688$590,461$301,758$1,778,199
64$2,625,803$542,334$234,807$1,864,457
65$2,814,148$489,422$163,186$1,958,382
66$3,019,201$431,413$86,662$2,060,796
67$3,242,586$367,979$4,992$2,172,610
68$3,486,092$298,772$0$2,294,834
69$3,751,688$223,427$0$2,444,363
70$4,041,540$141,555$0$2,608,704
71$4,358,034$52,747$0$2,788,317
72$4,703,794$0$0$2,984,771
73$5,081,710$0$0$3,211,267
74$5,494,965$0$0$3,474,245
75$5,947,062$0$0$3,762,013
76$6,441,858$0$0$4,077,035
77$6,983,602$0$0$4,422,025
78$7,576,971$0$0$4,799,972
79$8,227,117$0$0$5,214,167
80$8,939,712$0$0$5,668,235
81$9,721,005$0$0$6,166,167
82$10,577,877$0$0$6,712,362
83$11,517,908$0$0$7,311,661
84$12,549,447$0$0$7,969,400
85$13,681,689$0$0$8,691,455
86$14,924,763$0$0$9,484,299
87$16,289,829$0$0$10,355,062
88$17,789,178$0$0$11,311,598
89$19,436,351$0$0$12,362,561
90$21,246,265$0$0$13,517,484
91$23,235,353$0$0$14,786,868
92$25,421,721$0$0$16,182,283
93$27,825,313$0$0$17,716,476
94$30,468,105$0$0$19,403,489
95$33,374,307$0$0$21,258,796
96$36,570,592$0$0$23,299,443
97$40,086,350$0$0$25,544,212
98$43,953,961$0$0$28,013,797
99$48,209,100$0$0$30,730,997
100$52,891,076$0$0$33,720,936