Can I retire at age 47 with 900,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%12%
1 years$74,321$73,659$73,013$72,383$71,767$71,166
2 years$36,793$36,107$35,443$34,799$34,175$33,569
3 years$24,285$23,597$22,934$22,296$21,682$21,090
4 years$18,032$17,346$16,690$16,063$15,464$14,890
5 years$14,281$13,599$12,952$12,338$11,755$11,202
6 years$11,782$11,105$10,467$9,867$9,302$8,769
7 years$9,997$9,326$8,698$8,112$7,565$7,054
8 years$8,659$7,994$7,377$6,805$6,276$5,786
9 years$7,619$6,960$6,354$5,796$5,285$4,816
10 years$6,787$6,135$5,539$4,997$4,503$4,055
11 years$6,108$5,462$4,877$4,348$3,873$3,446
12 years$5,541$4,902$4,328$3,814$3,356$2,949
13 years$5,063$4,430$3,867$3,367$2,927$2,539
14 years$4,653$4,027$3,474$2,989$2,565$2,197
15 years$4,298$3,679$3,137$2,666$2,259$1,909
16 years$3,987$3,375$2,844$2,387$1,996$1,665
17 years$3,714$3,108$2,588$2,145$1,770$1,456
18 years$3,471$2,872$2,362$1,933$1,574$1,277
19 years$3,254$2,662$2,163$1,746$1,403$1,122
20 years$3,059$2,474$1,985$1,582$1,253$988
21 years$2,883$2,304$1,826$1,436$1,121$871
22 years$2,722$2,151$1,683$1,305$1,005$769
23 years$2,577$2,012$1,554$1,189$902$680
24 years$2,443$1,885$1,437$1,084$811$602
25 years$2,320$1,769$1,331$990$730$534
26 years$2,207$1,662$1,234$905$657$473
27 years$2,103$1,564$1,146$829$593$420
28 years$2,006$1,474$1,065$759$535$373
29 years$1,916$1,391$991$696$483$332
30 years$1,832$1,313$924$639$436$295
31 years$1,754$1,242$861$587$394$262
32 years$1,680$1,175$803$539$357$233
33 years$1,612$1,113$750$496$323$208
34 years$1,547$1,054$701$456$292$185
35 years$1,487$1,000$655$420$265$165
36 years$1,429$949$613$387$240$147
37 years$1,375$902$574$356$217$131
38 years$1,324$857$537$329$197$117
39 years$1,276$815$503$303$179$104
40 years$1,230$775$472$279$162$93
41 years$1,187$738$442$258$147$83
42 years$1,146$703$415$238$133$74
43 years$1,107$670$389$220$121$66
44 years$1,069$638$366$203$110$59
45 years$1,034$609$343$187$100$52
46 years$1,000$581$322$173$91$47
47 years$968$554$303$160$82$42
48 years$937$529$285$148$75$37
49 years$907$505$267$136$68$33
50 years$879$482$251$126$62$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $900,000, adding $3,086 every year, while hoping to spend $40,437 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: 70/13/17 Blend
46$900,000$900,000$900,000$900,000
47$994,983$947,283$933,333$1,060,427
48$1,053,447$950,675$921,575$1,107,780
49$1,116,518$952,879$908,068$1,154,474
50$1,184,625$953,792$892,710$1,204,554
51$1,258,237$953,308$875,396$1,258,351
52$1,337,870$951,312$856,015$1,316,226
53$1,424,091$947,685$834,450$1,378,582
54$1,517,525$942,297$810,580$1,445,860
55$1,618,855$935,013$784,277$1,518,548
56$1,728,838$925,688$755,410$1,597,186
57$1,848,302$914,170$723,839$1,682,368
58$1,978,160$900,295$689,418$1,774,750
59$2,119,415$883,892$651,996$1,875,056
60$2,273,171$864,779$611,415$1,984,087
61$2,440,645$842,764$567,507$2,102,724
62$2,623,173$817,641$520,101$2,231,940
63$2,822,226$789,195$469,014$2,372,809
64$3,039,425$757,197$414,057$2,526,517
65$3,276,552$721,405$355,034$2,694,372
66$3,535,569$681,564$291,737$2,877,816
67$3,818,638$637,401$223,951$3,078,441
68$4,128,137$588,632$151,451$3,298,003
69$4,466,685$534,952$74,002$3,538,442
70$4,837,165$476,043$0$3,801,894
71$5,242,753$411,566$0$4,092,287
72$5,686,945$341,164$0$4,425,081
73$6,173,591$264,459$0$4,789,756
74$6,706,933$181,053$0$5,189,531
75$7,291,640$90,525$0$5,627,948
76$7,932,856$0$0$6,108,917
77$8,636,247$0$0$6,637,824
78$9,408,052$0$0$7,232,432
79$10,255,144$0$0$7,885,094
80$11,185,095$0$0$8,601,648
81$12,206,245$0$0$9,388,527
82$13,327,781$0$0$10,252,818
83$14,559,823$0$0$11,202,326
84$15,913,521$0$0$12,245,651
85$17,401,156$0$0$13,392,267
86$19,036,261$0$0$14,652,611
87$20,833,743$0$0$16,038,181
88$22,810,024$0$0$17,561,646
89$24,983,200$0$0$19,236,963
90$27,373,207$0$0$21,079,509
91$30,002,009$0$0$23,106,227
92$32,893,805$0$0$25,335,783
93$36,075,260$0$0$27,788,745
94$39,575,752$0$0$30,487,773
95$43,427,649$0$0$33,457,836
96$47,666,617$0$0$36,726,446
97$52,331,955$0$0$40,323,914
98$57,466,963$0$0$44,283,643
99$63,119,351$0$0$48,642,435
100$69,341,692$0$0$53,440,842