Can I retire at age 47 with 870,000?

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 $870,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$71,844$71,204$70,579$69,970$69,375$66,596
2 years$35,566$34,904$34,262$33,639$33,036$30,271
3 years$23,475$22,810$22,170$21,553$20,959$18,296
4 years$17,431$16,768$16,134$15,528$14,948$12,406
5 years$13,805$13,146$12,521$11,927$11,363$8,949
6 years$11,389$10,735$10,118$9,538$8,992$6,707
7 years$9,664$9,015$8,408$7,842$7,313$5,156
8 years$8,371$7,728$7,131$6,578$6,066$4,036
9 years$7,365$6,728$6,142$5,603$5,109$3,202
10 years$6,561$5,931$5,355$4,830$4,353$2,565
11 years$5,904$5,280$4,714$4,204$3,744$2,071
12 years$5,357$4,739$4,184$3,687$3,244$1,683
13 years$4,894$4,282$3,738$3,255$2,829$1,373
14 years$4,498$3,893$3,359$2,890$2,480$1,125
15 years$4,154$3,556$3,032$2,577$2,183$924
16 years$3,854$3,263$2,749$2,307$1,930$762
17 years$3,590$3,005$2,502$2,073$1,711$629
18 years$3,355$2,776$2,284$1,868$1,521$520
19 years$3,145$2,573$2,091$1,688$1,356$430
20 years$2,957$2,391$1,919$1,529$1,211$357
21 years$2,786$2,227$1,765$1,388$1,084$296
22 years$2,632$2,079$1,627$1,262$972$246
23 years$2,491$1,945$1,502$1,149$872$204
24 years$2,362$1,822$1,389$1,048$784$170
25 years$2,243$1,710$1,286$957$705$141
26 years$2,134$1,607$1,193$875$635$117
27 years$2,033$1,512$1,108$801$573$98
28 years$1,939$1,425$1,030$734$517$81
29 years$1,852$1,344$958$673$467$68
30 years$1,771$1,270$893$618$422$56
31 years$1,695$1,200$832$567$381$47
32 years$1,624$1,136$777$521$345$39
33 years$1,558$1,075$725$479$312$33
34 years$1,496$1,019$677$441$283$27
35 years$1,437$967$633$406$256$23
36 years$1,382$918$593$374$232$19
37 years$1,330$872$555$345$210$16
38 years$1,280$828$519$318$191$13
39 years$1,234$788$487$293$173$11
40 years$1,189$749$456$270$157$9
41 years$1,147$713$428$249$142$8
42 years$1,108$679$401$230$129$6
43 years$1,070$647$376$212$117$5
44 years$1,034$617$353$196$106$4
45 years$999$588$332$181$97$4
46 years$967$561$312$167$88$3
47 years$935$536$293$154$80$3
48 years$905$511$275$143$72$2
49 years$877$488$259$132$66$2
50 years$849$466$243$122$60$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $870,000, adding $4,692 every year, while hoping to spend $32,203 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: 73/17/10 Blend
46$870,000$870,000$870,000$870,000
47$963,580$917,470$903,985$1,031,784
48$1,027,601$928,162$900,005$1,088,150
49$1,097,073$938,299$894,812$1,145,402
50$1,172,519$947,819$888,331$1,207,218
51$1,254,511$956,658$880,486$1,274,042
52$1,343,682$964,745$871,193$1,346,360
53$1,440,726$972,006$860,367$1,424,710
54$1,546,409$978,363$847,917$1,509,683
55$1,661,571$983,731$833,751$1,601,931
56$1,787,138$988,021$817,769$1,702,174
57$1,924,131$991,139$799,869$1,811,204
58$2,073,669$992,982$779,942$1,929,894
59$2,236,989$993,443$757,875$2,059,207
60$2,415,450$992,410$733,552$2,200,204
61$2,610,547$989,759$706,847$2,354,054
62$2,823,929$985,364$677,633$2,522,048
63$3,057,410$979,087$645,774$2,705,605
64$3,312,987$970,783$611,129$2,906,294
65$3,592,861$960,301$573,550$3,125,840
66$3,899,453$947,475$532,884$3,366,149
67$4,235,431$932,136$488,970$3,629,318
68$4,603,733$914,099$441,639$3,917,662
69$5,007,595$893,171$390,715$4,233,730
70$5,450,581$869,147$336,015$4,580,336
71$5,936,616$841,811$277,347$4,960,578
72$6,470,024$810,933$214,512$5,377,872
73$7,055,568$776,270$147,299$5,835,987
74$7,698,494$737,565$75,491$6,339,073
75$8,404,580$694,546$0$6,891,708
76$9,180,194$646,926$0$7,499,060
77$10,032,349$594,400$0$8,175,173
78$10,968,770$536,647$0$8,918,142
79$11,997,969$473,328$0$9,734,753
80$13,129,324$404,083$0$10,632,485
81$14,373,166$328,533$0$11,619,583
82$15,740,875$246,278$0$12,705,131
83$17,244,993$156,894$0$13,899,140
84$18,899,335$59,935$0$15,212,647
85$20,719,124$0$0$16,657,811
86$22,721,131$0$0$18,256,469
87$24,923,835$0$0$20,027,771
88$27,347,598$0$0$21,976,883
89$30,014,852$0$0$24,121,853
90$32,950,317$0$0$26,482,564
91$36,181,229$0$0$29,080,927
92$39,737,598$0$0$31,941,083
93$43,652,493$0$0$35,089,633
94$47,962,348$0$0$38,555,887
95$52,707,314$0$0$42,372,144
96$57,931,630$0$0$46,573,990
97$63,684,044$0$0$51,200,642
98$70,018,270$0$0$56,295,309
99$76,993,499$0$0$61,905,606
100$84,674,952$0$0$68,084,002