Can I retire at age 47 with 930,000?

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 $930,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$76,799$76,114$75,447$74,796$74,160$73,477
2 years$38,019$37,311$36,625$35,959$35,314$34,626
3 years$25,094$24,383$23,699$23,040$22,405$21,733
4 years$18,633$17,924$17,247$16,599$15,979$15,329
5 years$14,757$14,053$13,384$12,749$12,147$11,520
6 years$12,175$11,475$10,816$10,196$9,612$9,009
7 years$10,330$9,637$8,988$8,383$7,817$7,238
8 years$8,948$8,261$7,623$7,032$6,485$5,930
9 years$7,873$7,192$6,566$5,990$5,461$4,931
10 years$7,014$6,340$5,724$5,163$4,653$4,147
11 years$6,311$5,644$5,039$4,493$4,002$3,519
12 years$5,726$5,066$4,472$3,941$3,468$3,008
13 years$5,231$4,578$3,996$3,480$3,024$2,586
14 years$4,808$4,161$3,590$3,089$2,651$2,235
15 years$4,441$3,801$3,241$2,755$2,334$1,939
16 years$4,120$3,488$2,939$2,467$2,063$1,689
17 years$3,838$3,212$2,674$2,216$1,829$1,475
18 years$3,587$2,968$2,441$1,997$1,626$1,291
19 years$3,362$2,751$2,235$1,805$1,450$1,133
20 years$3,161$2,556$2,051$1,634$1,295$996
21 years$2,979$2,381$1,887$1,483$1,159$877
22 years$2,813$2,222$1,739$1,349$1,039$774
23 years$2,662$2,079$1,605$1,228$932$683
24 years$2,524$1,948$1,485$1,120$838$604
25 years$2,398$1,828$1,375$1,023$754$534
26 years$2,281$1,718$1,275$935$679$473
27 years$2,173$1,617$1,184$856$612$419
28 years$2,073$1,523$1,101$785$553$372
29 years$1,980$1,437$1,025$719$499$330
30 years$1,893$1,357$954$660$451$293
31 years$1,812$1,283$890$606$408$260
32 years$1,736$1,214$830$557$369$231
33 years$1,665$1,150$775$512$334$205
34 years$1,599$1,090$724$472$302$183
35 years$1,536$1,033$677$434$274$162
36 years$1,477$981$633$400$248$144
37 years$1,421$932$593$368$225$129
38 years$1,369$885$555$339$204$114
39 years$1,319$842$520$313$185$102
40 years$1,271$801$488$289$168$91
41 years$1,227$762$457$266$152$81
42 years$1,184$726$429$246$138$72
43 years$1,144$692$402$227$125$64
44 years$1,105$659$378$210$114$57
45 years$1,068$629$355$194$103$51
46 years$1,033$600$333$179$94$45
47 years$1,000$573$313$165$85$40
48 years$968$547$294$153$77$36
49 years$937$522$276$141$70$32
50 years$908$499$260$130$64$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $930,000, adding $5,453 every year, while hoping to spend $29,606 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: 46/37/17 Blend
46$930,000$930,000$930,000$930,000
47$1,030,485$981,195$966,780$1,072,665
48$1,104,094$997,773$967,666$1,119,195
49$1,184,218$1,014,171$967,590$1,166,234
50$1,271,492$1,030,349$966,488$1,216,632
51$1,366,612$1,046,264$964,294$1,270,717
52$1,470,346$1,061,870$960,936$1,328,846
53$1,583,537$1,077,117$956,343$1,391,415
54$1,707,114$1,091,952$950,437$1,458,861
55$1,842,101$1,106,320$943,139$1,531,667
56$1,989,625$1,120,158$934,363$1,610,366
57$2,150,923$1,133,403$924,021$1,695,546
58$2,327,363$1,145,985$912,021$1,787,854
59$2,520,446$1,157,830$898,266$1,888,009
60$2,731,828$1,168,861$882,654$1,996,799
61$2,963,331$1,178,992$865,080$2,115,099
62$3,216,963$1,188,134$845,432$2,243,872
63$3,494,933$1,196,193$823,594$2,384,180
64$3,799,677$1,203,066$799,445$2,537,197
65$4,133,874$1,208,647$772,856$2,704,218
66$4,500,478$1,212,820$743,696$2,886,672
67$4,902,742$1,215,463$711,825$3,086,137
68$5,344,248$1,216,447$677,097$3,304,352
69$5,828,942$1,215,634$639,361$3,543,238
70$6,361,173$1,212,878$598,458$3,804,915
71$6,945,727$1,208,024$554,221$4,091,720
72$7,587,881$1,200,907$506,477$4,406,233
73$8,293,446$1,191,352$455,046$4,751,301
74$9,068,824$1,179,175$399,736$5,130,065
75$9,921,068$1,164,179$340,351$5,545,987
76$10,857,949$1,146,155$276,685$6,002,892
77$11,888,027$1,124,884$208,521$6,504,994
78$13,020,733$1,100,131$135,634$7,056,945
79$14,266,460$1,071,650$57,790$7,663,875
80$15,636,656$1,039,177$0$8,331,444
81$17,143,934$1,002,436$0$9,070,479
82$18,802,194$961,134$0$9,894,764
83$20,626,748$914,960$0$10,801,446
84$22,634,469$863,585$0$11,798,951
85$24,843,946$806,662$0$12,896,568
86$27,275,664$743,825$0$14,104,537
87$29,952,193$674,683$0$15,434,149
88$32,898,402$598,828$0$16,897,850
89$36,141,693$515,824$0$18,509,363
90$39,712,261$425,215$0$20,283,816
91$43,643,376$326,516$0$22,237,886
92$47,971,700$219,214$0$24,389,958
93$52,737,629$102,772$0$26,760,300
94$57,985,677$0$0$29,371,255
95$63,764,893$0$0$32,256,974
96$70,129,326$0$0$35,481,131
97$77,138,534$0$0$39,032,071
98$84,858,147$0$0$42,943,060
99$93,360,481$0$0$47,250,757
100$102,725,228$0$0$51,995,555