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%12.8%
1 years$71,844$71,204$70,579$69,970$69,375$68,565
2 years$35,566$34,904$34,262$33,639$33,036$32,220
3 years$23,475$22,810$22,170$21,553$20,959$20,164
4 years$17,431$16,768$16,134$15,528$14,948$14,179
5 years$13,805$13,146$12,521$11,927$11,363$10,623
6 years$11,389$10,735$10,118$9,538$8,992$8,280
7 years$9,664$9,015$8,408$7,842$7,313$6,631
8 years$8,371$7,728$7,131$6,578$6,066$5,414
9 years$7,365$6,728$6,142$5,603$5,109$4,486
10 years$6,561$5,931$5,355$4,830$4,353$3,759
11 years$5,904$5,280$4,714$4,204$3,744$3,178
12 years$5,357$4,739$4,184$3,687$3,244$2,706
13 years$4,894$4,282$3,738$3,255$2,829$2,318
14 years$4,498$3,893$3,359$2,890$2,480$1,995
15 years$4,154$3,556$3,032$2,577$2,183$1,724
16 years$3,854$3,263$2,749$2,307$1,930$1,495
17 years$3,590$3,005$2,502$2,073$1,711$1,300
18 years$3,355$2,776$2,284$1,868$1,521$1,134
19 years$3,145$2,573$2,091$1,688$1,356$991
20 years$2,957$2,391$1,919$1,529$1,211$867
21 years$2,786$2,227$1,765$1,388$1,084$760
22 years$2,632$2,079$1,627$1,262$972$667
23 years$2,491$1,945$1,502$1,149$872$587
24 years$2,362$1,822$1,389$1,048$784$516
25 years$2,243$1,710$1,286$957$705$454
26 years$2,134$1,607$1,193$875$635$401
27 years$2,033$1,512$1,108$801$573$353
28 years$1,939$1,425$1,030$734$517$312
29 years$1,852$1,344$958$673$467$275
30 years$1,771$1,270$893$618$422$243
31 years$1,695$1,200$832$567$381$215
32 years$1,624$1,136$777$521$345$190
33 years$1,558$1,075$725$479$312$168
34 years$1,496$1,019$677$441$283$149
35 years$1,437$967$633$406$256$132
36 years$1,382$918$593$374$232$116
37 years$1,330$872$555$345$210$103
38 years$1,280$828$519$318$191$91
39 years$1,234$788$487$293$173$81
40 years$1,189$749$456$270$157$72
41 years$1,147$713$428$249$142$63
42 years$1,108$679$401$230$129$56
43 years$1,070$647$376$212$117$50
44 years$1,034$617$353$196$106$44
45 years$999$588$332$181$97$39
46 years$967$561$312$167$88$35
47 years$935$536$293$154$80$31
48 years$905$511$275$143$72$27
49 years$877$488$259$132$66$24
50 years$849$466$243$122$60$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $870,000, adding $5,981 every year, while hoping to spend $33,126 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: 28/44/28 Blend
46$870,000$870,000$870,000$870,000
47$964,909$918,799$905,314$983,426
48$1,028,084$928,575$900,397$1,008,473
49$1,096,593$937,719$894,204$1,032,106
50$1,170,944$946,166$886,658$1,056,831
51$1,251,698$953,845$877,679$1,082,765
52$1,339,470$960,683$867,180$1,110,038
53$1,434,938$966,598$855,073$1,138,797
54$1,538,847$971,507$841,263$1,169,206
55$1,652,018$975,319$825,654$1,201,448
56$1,775,353$977,939$808,142$1,235,728
57$1,909,845$979,264$788,621$1,272,274
58$2,056,587$979,186$766,978$1,311,341
59$2,216,783$977,590$743,096$1,353,214
60$2,391,758$974,355$716,852$1,398,209
61$2,582,969$969,350$688,119$1,446,680
62$2,792,022$962,438$656,761$1,499,020
63$3,020,684$953,474$622,639$1,555,666
64$3,270,902$942,303$585,605$1,617,106
65$3,544,819$928,761$545,508$1,683,880
66$3,844,795$912,674$502,186$1,756,591
67$4,173,427$893,858$455,473$1,835,907
68$4,533,579$872,120$405,194$1,922,571
69$4,928,402$847,251$351,165$2,017,408
70$5,361,367$819,035$293,198$2,121,332
71$5,836,298$787,239$231,092$2,235,359
72$6,357,407$751,620$164,639$2,360,617
73$6,929,331$711,918$93,623$2,498,354
74$7,557,181$667,860$17,818$2,649,954
75$8,246,585$619,157$0$2,816,954
76$9,003,743$565,502$0$3,019,900
77$9,835,485$506,572$0$3,248,734
78$10,749,336$442,026$0$3,500,293
79$11,753,585$371,501$0$3,776,965
80$12,857,363$294,617$0$4,081,393
81$14,070,732$210,971$0$4,416,494
82$15,404,774$120,136$0$4,785,490
83$16,871,702$21,664$0$5,191,942
84$18,484,969$0$0$5,639,780
85$20,259,399$0$0$6,174,464
86$22,211,323$0$0$6,774,332
87$24,358,735$0$0$7,434,442
88$26,721,461$0$0$8,160,912
89$29,321,347$0$0$8,960,479
90$32,182,462$0$0$9,840,566
91$35,331,326$0$0$10,809,356
92$38,797,161$0$0$11,875,861
93$42,612,165$0$0$13,050,014
94$46,811,817$0$0$14,342,759
95$51,435,211$0$0$15,766,156
96$56,525,420$0$0$17,333,493
97$62,129,911$0$0$19,059,413
98$68,300,986$0$0$20,960,051
99$75,096,276$0$0$23,053,187
100$82,579,286$0$0$25,358,411