Can I retire at age 47 with 930,000?

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 $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%17.5%
1 years$76,799$76,114$75,447$74,796$74,160$71,901
2 years$38,019$37,311$36,625$35,959$35,314$33,058
3 years$25,094$24,383$23,699$23,040$22,405$20,222
4 years$18,633$17,924$17,247$16,599$15,979$13,886
5 years$14,757$14,053$13,384$12,749$12,147$10,150
6 years$12,175$11,475$10,816$10,196$9,612$7,712
7 years$10,330$9,637$8,988$8,383$7,817$6,014
8 years$8,948$8,261$7,623$7,032$6,485$4,778
9 years$7,873$7,192$6,566$5,990$5,461$3,849
10 years$7,014$6,340$5,724$5,163$4,653$3,133
11 years$6,311$5,644$5,039$4,493$4,002$2,571
12 years$5,726$5,066$4,472$3,941$3,468$2,123
13 years$5,231$4,578$3,996$3,480$3,024$1,763
14 years$4,808$4,161$3,590$3,089$2,651$1,470
15 years$4,441$3,801$3,241$2,755$2,334$1,229
16 years$4,120$3,488$2,939$2,467$2,063$1,031
17 years$3,838$3,212$2,674$2,216$1,829$867
18 years$3,587$2,968$2,441$1,997$1,626$730
19 years$3,362$2,751$2,235$1,805$1,450$616
20 years$3,161$2,556$2,051$1,634$1,295$521
21 years$2,979$2,381$1,887$1,483$1,159$440
22 years$2,813$2,222$1,739$1,349$1,039$373
23 years$2,662$2,079$1,605$1,228$932$316
24 years$2,524$1,948$1,485$1,120$838$268
25 years$2,398$1,828$1,375$1,023$754$227
26 years$2,281$1,718$1,275$935$679$193
27 years$2,173$1,617$1,184$856$612$164
28 years$2,073$1,523$1,101$785$553$139
29 years$1,980$1,437$1,025$719$499$118
30 years$1,893$1,357$954$660$451$100
31 years$1,812$1,283$890$606$408$85
32 years$1,736$1,214$830$557$369$73
33 years$1,665$1,150$775$512$334$62
34 years$1,599$1,090$724$472$302$53
35 years$1,536$1,033$677$434$274$45
36 years$1,477$981$633$400$248$38
37 years$1,421$932$593$368$225$32
38 years$1,369$885$555$339$204$27
39 years$1,319$842$520$313$185$23
40 years$1,271$801$488$289$168$20
41 years$1,227$762$457$266$152$17
42 years$1,184$726$429$246$138$14
43 years$1,144$692$402$227$125$12
44 years$1,105$659$378$210$114$10
45 years$1,068$629$355$194$103$9
46 years$1,033$600$333$179$94$8
47 years$1,000$573$313$165$85$6
48 years$968$547$294$153$77$5
49 years$937$522$276$141$70$5
50 years$908$499$260$130$64$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $930,000, adding $2,902 every year, while hoping to spend $34,991 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: 63/23/14 Blend
46$930,000$930,000$930,000$930,000
47$1,027,853$978,563$964,148$1,088,958
48$1,095,464$989,283$959,217$1,140,997
49$1,168,799$999,355$952,948$1,193,527
50$1,248,404$1,008,711$945,259$1,250,036
51$1,334,880$1,017,277$936,065$1,310,910
52$1,428,891$1,024,976$925,276$1,376,577
53$1,531,162$1,031,725$912,797$1,447,509
54$1,642,496$1,037,435$898,531$1,524,227
55$1,763,774$1,042,012$882,375$1,607,305
56$1,895,964$1,045,356$864,220$1,697,377
57$2,040,136$1,047,361$843,954$1,795,141
58$2,197,462$1,047,914$821,459$1,901,370
59$2,369,236$1,046,895$796,611$2,016,913
60$2,556,882$1,044,177$769,281$2,142,710
61$2,761,966$1,039,623$739,334$2,279,796
62$2,986,213$1,033,092$706,629$2,429,315
63$3,231,523$1,024,430$671,018$2,592,527
64$3,499,988$1,013,476$632,346$2,770,823
65$3,793,910$1,000,059$590,452$2,965,737
66$4,115,824$983,998$545,168$3,178,961
67$4,468,525$965,101$496,318$3,412,364
68$4,855,087$943,163$443,717$3,668,004
69$5,278,897$917,970$387,173$3,948,154
70$5,743,687$889,293$326,486$4,255,320
71$6,253,565$856,890$261,445$4,592,266
72$6,813,058$820,506$191,833$4,962,040
73$7,427,150$779,871$117,419$5,368,007
74$8,101,333$734,699$37,966$5,813,875
75$8,841,656$684,686$0$6,303,734
76$9,654,782$629,513$0$6,849,092
77$10,548,053$568,842$0$7,454,436
78$11,529,554$502,316$0$8,119,616
79$12,608,195$429,555$0$8,850,727
80$13,793,790$350,163$0$9,654,485
81$15,097,152$263,716$0$10,538,296
82$16,530,194$169,770$0$11,510,323
83$18,106,039$67,854$0$12,579,563
84$19,839,148$0$0$13,755,935
85$21,745,452$0$0$15,061,138
86$23,842,505$0$0$16,515,908
87$26,149,646$0$0$18,116,499
88$28,688,184$0$0$19,877,702
89$31,481,599$0$0$21,815,819
90$34,555,759$0$0$23,948,807
91$37,939,170$0$0$26,296,454
92$41,663,238$0$0$28,880,565
93$45,762,570$0$0$31,725,164
94$50,275,300$0$0$34,856,724
95$55,243,443$0$0$38,304,414
96$60,713,300$0$0$42,100,376
97$66,735,884$0$0$46,280,027
98$73,367,413$0$0$50,882,393
99$80,669,827$0$0$55,950,477
100$88,711,385$0$0$61,531,665