Can I retire at age 47 with 790,000?

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 $790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$65,237$64,656$64,089$63,536$62,996$61,398
2 years$32,296$31,694$31,111$30,546$29,998$28,399
3 years$21,317$20,713$20,131$19,571$19,032$17,481
4 years$15,828$15,226$14,650$14,100$13,574$12,083
5 years$12,536$11,937$11,369$10,830$10,319$8,893
6 years$10,342$9,748$9,188$8,661$8,165$6,805
7 years$8,775$8,186$7,635$7,121$6,640$5,346
8 years$7,601$7,017$6,475$5,973$5,509$4,280
9 years$6,688$6,110$5,577$5,088$4,639$3,475
10 years$5,958$5,385$4,862$4,386$3,953$2,852
11 years$5,361$4,794$4,281$3,817$3,399$2,360
12 years$4,864$4,303$3,799$3,348$2,946$1,966
13 years$4,444$3,889$3,394$2,956$2,569$1,646
14 years$4,084$3,535$3,050$2,624$2,252$1,385
15 years$3,772$3,229$2,753$2,340$1,983$1,169
16 years$3,500$2,963$2,496$2,095$1,752$990
17 years$3,260$2,728$2,272$1,883$1,554$840
18 years$3,047$2,521$2,074$1,697$1,382$715
19 years$2,856$2,337$1,898$1,533$1,231$609
20 years$2,685$2,171$1,742$1,388$1,100$520
21 years$2,530$2,022$1,603$1,260$984$444
22 years$2,390$1,888$1,477$1,146$882$380
23 years$2,262$1,766$1,364$1,043$792$325
24 years$2,144$1,654$1,261$952$712$278
25 years$2,037$1,553$1,168$869$641$239
26 years$1,938$1,459$1,083$795$577$205
27 years$1,846$1,373$1,006$727$520$176
28 years$1,761$1,294$935$666$469$151
29 years$1,682$1,221$870$611$424$130
30 years$1,608$1,153$811$561$383$111
31 years$1,539$1,090$756$515$346$96
32 years$1,475$1,031$705$473$313$82
33 years$1,415$977$658$435$283$71
34 years$1,358$926$615$401$257$61
35 years$1,305$878$575$369$232$52
36 years$1,255$833$538$340$211$45
37 years$1,207$791$504$313$191$39
38 years$1,163$752$472$288$173$33
39 years$1,120$715$442$266$157$29
40 years$1,080$680$414$245$142$25
41 years$1,042$648$388$226$129$21
42 years$1,006$617$364$209$117$18
43 years$971$588$342$193$106$16
44 years$939$560$321$178$97$13
45 years$907$534$301$164$88$12
46 years$878$510$283$152$80$10
47 years$849$486$266$140$72$9
48 years$822$464$250$130$66$7
49 years$796$443$235$120$60$6
50 years$771$424$221$111$54$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $790,000, adding $2,728 every year, while hoping to spend $48,704 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: 50/31/19 Blend
46$790,000$790,000$790,000$790,000
47$873,394$831,524$819,279$912,317
48$910,659$820,448$794,904$928,426
49$950,094$807,197$768,080$940,696
50$991,866$791,613$738,674$952,993
51$1,036,163$773,528$706,546$965,337
52$1,083,187$752,766$671,550$977,753
53$1,133,159$729,138$633,534$990,273
54$1,186,322$702,447$592,338$1,002,935
55$1,242,941$672,481$547,796$1,015,784
56$1,303,307$639,019$499,734$1,028,874
57$1,367,739$601,826$447,969$1,042,268
58$1,436,585$560,652$392,313$1,056,040
59$1,510,227$515,234$332,566$1,070,277
60$1,589,085$465,295$268,521$1,085,078
61$1,673,618$410,541$199,963$1,100,560
62$1,764,330$350,660$126,665$1,116,854
63$1,861,775$285,326$48,392$1,134,113
64$1,966,560$214,191$0$1,152,510
65$2,079,352$136,889$0$1,179,368
66$2,200,883$53,034$0$1,218,720
67$2,331,958$0$0$1,261,057
68$2,473,460$0$0$1,319,612
69$2,626,359$0$0$1,402,496
70$2,791,724$0$0$1,492,207
71$2,970,726$0$0$1,589,387
72$3,164,655$0$0$1,694,746
73$3,374,929$0$0$1,809,064
74$3,603,106$0$0$1,933,198
75$3,850,902$0$0$2,068,092
76$4,120,201$0$0$2,214,782
77$4,413,078$0$0$2,374,411
78$4,731,817$0$0$2,548,235
79$5,078,928$0$0$2,737,634
80$5,457,175$0$0$2,944,132
81$5,869,599$0$0$3,169,400
82$6,319,549$0$0$3,415,282
83$6,810,707$0$0$3,683,807
84$7,347,130$0$0$3,977,206
85$7,933,283$0$0$4,297,938
86$8,574,081$0$0$4,648,709
87$9,274,936$0$0$5,032,498
88$10,041,807$0$0$5,452,587
89$10,881,254$0$0$5,912,588
90$11,800,503$0$0$6,416,481
91$12,807,511$0$0$6,968,645
92$13,911,039$0$0$7,573,908
93$15,120,738$0$0$8,237,583
94$16,447,235$0$0$8,965,524
95$17,902,236$0$0$9,764,178
96$19,498,636$0$0$10,640,645
97$21,250,635$0$0$11,602,749
98$23,173,876$0$0$12,659,105
99$25,285,592$0$0$13,819,205
100$27,604,764$0$0$15,093,504