Can I retire at age 47 with 900,000?

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 $900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$74,321$73,659$73,013$72,383$71,767$69,331
2 years$36,793$36,107$35,443$34,799$34,175$31,745
3 years$24,285$23,597$22,934$22,296$21,682$19,335
4 years$18,032$17,346$16,690$16,063$15,464$13,217
5 years$14,281$13,599$12,952$12,338$11,755$9,615
6 years$11,782$11,105$10,467$9,867$9,302$7,269
7 years$9,997$9,326$8,698$8,112$7,565$5,640
8 years$8,659$7,994$7,377$6,805$6,276$4,457
9 years$7,619$6,960$6,354$5,796$5,285$3,571
10 years$6,787$6,135$5,539$4,997$4,503$2,890
11 years$6,108$5,462$4,877$4,348$3,873$2,358
12 years$5,541$4,902$4,328$3,814$3,356$1,936
13 years$5,063$4,430$3,867$3,367$2,927$1,597
14 years$4,653$4,027$3,474$2,989$2,565$1,323
15 years$4,298$3,679$3,137$2,666$2,259$1,100
16 years$3,987$3,375$2,844$2,387$1,996$917
17 years$3,714$3,108$2,588$2,145$1,770$766
18 years$3,471$2,872$2,362$1,933$1,574$641
19 years$3,254$2,662$2,163$1,746$1,403$537
20 years$3,059$2,474$1,985$1,582$1,253$451
21 years$2,883$2,304$1,826$1,436$1,121$378
22 years$2,722$2,151$1,683$1,305$1,005$318
23 years$2,577$2,012$1,554$1,189$902$268
24 years$2,443$1,885$1,437$1,084$811$225
25 years$2,320$1,769$1,331$990$730$190
26 years$2,207$1,662$1,234$905$657$160
27 years$2,103$1,564$1,146$829$593$135
28 years$2,006$1,474$1,065$759$535$114
29 years$1,916$1,391$991$696$483$96
30 years$1,832$1,313$924$639$436$81
31 years$1,754$1,242$861$587$394$68
32 years$1,680$1,175$803$539$357$58
33 years$1,612$1,113$750$496$323$49
34 years$1,547$1,054$701$456$292$41
35 years$1,487$1,000$655$420$265$35
36 years$1,429$949$613$387$240$29
37 years$1,375$902$574$356$217$25
38 years$1,324$857$537$329$197$21
39 years$1,276$815$503$303$179$18
40 years$1,230$775$472$279$162$15
41 years$1,187$738$442$258$147$13
42 years$1,146$703$415$238$133$11
43 years$1,107$670$389$220$121$9
44 years$1,069$638$366$203$110$8
45 years$1,034$609$343$187$100$6
46 years$1,000$581$322$173$91$5
47 years$968$554$303$160$82$5
48 years$937$529$285$148$75$4
49 years$907$505$267$136$68$3
50 years$879$482$251$126$62$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $900,000, adding $4,334 every year, while hoping to spend $55,354 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: 40/49/11 Blend
46$900,000$900,000$900,000$900,000
47$996,271$948,571$934,621$1,032,677
48$1,038,994$936,154$907,034$1,046,331
49$1,084,220$921,274$876,668$1,055,294
50$1,132,145$903,752$843,372$1,063,758
51$1,182,985$883,396$806,985$1,071,704
52$1,236,974$860,008$767,344$1,079,113
53$1,294,370$833,373$724,275$1,085,970
54$1,355,454$803,266$677,596$1,092,262
55$1,420,533$769,449$627,119$1,097,982
56$1,489,946$731,671$572,646$1,103,126
57$1,564,061$689,663$513,970$1,107,696
58$1,643,284$643,145$450,876$1,111,701
59$1,728,057$591,817$383,139$1,115,159
60$1,818,868$535,365$310,523$1,118,095
61$1,916,249$473,455$232,782$1,120,544
62$2,020,787$405,735$149,661$1,122,557
63$2,133,124$331,833$60,891$1,124,192
64$2,253,965$251,355$0$1,125,529
65$2,384,085$163,886$0$1,130,635
66$2,524,333$68,989$0$1,143,536
67$2,675,645$0$0$1,157,252
68$2,839,046$0$0$1,190,211
69$3,015,665$0$0$1,266,135
70$3,206,740$0$0$1,348,371
71$3,413,634$0$0$1,437,518
72$3,637,846$0$0$1,534,233
73$3,881,021$0$0$1,639,241
74$4,144,972$0$0$1,753,338
75$4,431,691$0$0$1,877,400
76$4,743,370$0$0$2,012,391
77$5,082,418$0$0$2,159,371
78$5,451,488$0$0$2,319,507
79$5,853,500$0$0$2,494,084
80$6,291,665$0$0$2,684,513
81$6,769,517$0$0$2,892,352
82$7,290,948$0$0$3,119,311
83$7,860,239$0$0$3,367,277
84$8,482,104$0$0$3,638,323
85$9,161,734$0$0$3,934,736
86$9,904,841$0$0$4,259,029
87$10,717,717$0$0$4,613,973
88$11,607,287$0$0$5,002,618
89$12,581,179$0$0$5,428,323
90$13,647,791$0$0$5,894,785
91$14,816,372$0$0$6,406,079
92$16,097,109$0$0$6,966,691
93$17,501,219$0$0$7,581,562
94$19,041,057$0$0$8,256,134
95$20,730,233$0$0$8,996,402
96$22,583,735$0$0$9,808,969
97$24,618,073$0$0$10,701,108
98$26,851,433$0$0$11,680,831
99$29,303,850$0$0$12,756,965
100$31,997,390$0$0$13,939,232