Can I retire at age 47 with 880,000?

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 $880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$72,670$72,022$71,391$70,774$70,172$68,504
2 years$35,975$35,305$34,656$34,026$33,415$31,744
3 years$23,745$23,072$22,425$21,801$21,200$19,578
4 years$17,631$16,961$16,319$15,706$15,120$13,560
5 years$13,964$13,297$12,664$12,064$11,494$10,001
6 years$11,520$10,858$10,235$9,648$9,095$7,669
7 years$9,775$9,119$8,505$7,932$7,397$6,039
8 years$8,467$7,816$7,213$6,654$6,136$4,846
9 years$7,450$6,806$6,213$5,668$5,168$3,944
10 years$6,637$5,999$5,416$4,886$4,403$3,245
11 years$5,972$5,340$4,768$4,252$3,787$2,692
12 years$5,418$4,793$4,232$3,729$3,281$2,248
13 years$4,950$4,332$3,781$3,293$2,862$1,888
14 years$4,549$3,937$3,397$2,923$2,508$1,592
15 years$4,202$3,597$3,067$2,607$2,209$1,348
16 years$3,899$3,300$2,781$2,334$1,952$1,145
17 years$3,631$3,039$2,530$2,097$1,731$974
18 years$3,394$2,808$2,310$1,890$1,539$831
19 years$3,182$2,603$2,115$1,708$1,372$710
20 years$2,991$2,419$1,941$1,547$1,225$608
21 years$2,818$2,253$1,785$1,404$1,096$521
22 years$2,662$2,103$1,645$1,276$983$447
23 years$2,519$1,967$1,519$1,162$882$384
24 years$2,389$1,843$1,405$1,060$793$330
25 years$2,269$1,729$1,301$968$714$284
26 years$2,158$1,625$1,207$885$643$244
27 years$2,056$1,530$1,121$810$579$210
28 years$1,961$1,441$1,042$742$523$181
29 years$1,873$1,360$969$681$472$156
30 years$1,791$1,284$903$625$427$134
31 years$1,715$1,214$842$574$386$116
32 years$1,643$1,149$785$527$349$100
33 years$1,576$1,088$733$485$316$86
34 years$1,513$1,031$685$446$286$74
35 years$1,454$978$641$411$259$64
36 years$1,398$928$599$378$235$55
37 years$1,345$882$561$349$213$48
38 years$1,295$838$525$321$193$41
39 years$1,248$797$492$296$175$36
40 years$1,203$758$461$273$159$31
41 years$1,161$721$433$252$144$27
42 years$1,120$687$406$233$131$23
43 years$1,082$655$381$215$118$20
44 years$1,046$624$357$198$108$17
45 years$1,011$595$336$183$98$15
46 years$978$568$315$169$89$13
47 years$946$542$296$156$80$11
48 years$916$517$278$144$73$9
49 years$887$494$262$133$66$8
50 years$859$472$246$123$60$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $880,000, adding $3,088 every year, while hoping to spend $25,397 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: 43/49/8 Blend
46$880,000$880,000$880,000$880,000
47$972,945$926,305$912,665$1,012,404
48$1,045,163$944,672$916,217$1,058,491
49$1,123,897$963,088$919,037$1,105,559
50$1,209,783$981,527$921,074$1,155,965
51$1,303,524$999,965$922,272$1,210,026
52$1,405,892$1,018,372$922,577$1,268,086
53$1,517,738$1,036,717$921,929$1,330,530
54$1,639,998$1,054,968$920,264$1,397,777
55$1,773,704$1,073,087$917,519$1,470,294
56$1,919,990$1,091,036$913,624$1,548,592
57$2,080,106$1,108,775$908,508$1,633,236
58$2,255,429$1,126,257$902,095$1,724,849
59$2,447,474$1,143,434$894,307$1,824,119
60$2,657,910$1,160,257$885,060$1,931,804
61$2,888,576$1,176,669$874,268$2,048,738
62$3,141,496$1,192,611$861,842$2,175,843
63$3,418,900$1,208,020$847,685$2,314,136
64$3,723,244$1,222,828$831,698$2,464,738
65$4,057,232$1,236,965$813,777$2,628,885
66$4,423,845$1,250,351$793,814$2,807,941
67$4,826,365$1,262,907$771,695$3,003,409
68$5,268,408$1,274,543$747,300$3,216,947
69$5,753,957$1,285,166$720,506$3,450,386
70$6,287,398$1,294,677$691,181$3,705,742
71$6,873,567$1,302,970$659,190$3,985,241
72$7,517,788$1,309,933$624,389$4,291,335
73$8,225,928$1,315,445$586,632$4,626,732
74$9,004,449$1,319,379$545,761$4,994,415
75$9,860,473$1,321,599$501,614$5,397,677
76$10,801,846$1,321,961$454,022$5,840,145
77$11,837,209$1,320,312$402,807$6,325,824
78$12,976,088$1,316,491$347,784$6,859,127
79$14,228,973$1,310,324$288,760$7,444,922
80$15,607,427$1,301,628$225,532$8,088,575
81$17,124,187$1,290,210$157,889$8,796,008
82$18,793,287$1,275,864$85,612$9,573,745
83$20,630,193$1,258,371$8,470$10,428,983
84$22,651,942$1,237,501$0$11,369,660
85$24,877,310$1,213,009$0$12,410,828
86$27,326,984$1,184,634$0$13,557,014
87$30,023,759$1,152,104$0$14,818,153
88$32,992,752$1,115,126$0$16,205,998
89$36,261,638$1,073,393$0$17,733,506
90$39,860,916$1,026,580$0$19,414,960
91$43,824,188$974,341$0$21,266,107
92$48,188,484$916,313$0$23,304,306
93$52,994,607$852,109$0$25,548,694
94$58,287,517$781,323$0$28,020,366
95$64,116,759$703,523$0$30,742,577
96$70,536,927$618,255$0$33,740,965
97$77,608,181$525,036$0$37,043,788
98$85,396,811$423,359$0$40,682,198
99$93,975,869$312,686$0$44,690,535
100$103,425,851$192,451$0$49,106,651