Can I retire at age 47 with 810,000?

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 $810,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$66,889$66,293$65,712$65,145$64,591$63,599
2 years$33,113$32,497$31,899$31,319$30,757$29,761
3 years$21,856$21,237$20,641$20,067$19,514$18,543
4 years$16,229$15,611$15,021$14,457$13,917$12,980
5 years$12,853$12,240$11,657$11,104$10,580$9,679
6 years$10,604$9,994$9,421$8,880$8,371$7,508
7 years$8,997$8,393$7,829$7,301$6,808$5,982
8 years$7,793$7,195$6,639$6,125$5,648$4,859
9 years$6,857$6,264$5,718$5,217$4,756$4,005
10 years$6,109$5,522$4,985$4,497$4,053$3,337
11 years$5,497$4,916$4,389$3,914$3,486$2,806
12 years$4,987$4,412$3,895$3,433$3,020$2,375
13 years$4,556$3,987$3,480$3,031$2,634$2,023
14 years$4,187$3,624$3,127$2,690$2,309$1,731
15 years$3,868$3,311$2,823$2,399$2,033$1,487
16 years$3,589$3,038$2,560$2,148$1,797$1,281
17 years$3,342$2,797$2,329$1,930$1,593$1,107
18 years$3,124$2,585$2,126$1,739$1,416$959
19 years$2,929$2,396$1,946$1,572$1,263$832
20 years$2,753$2,226$1,786$1,424$1,128$724
21 years$2,594$2,074$1,643$1,292$1,009$630
22 years$2,450$1,936$1,514$1,175$905$550
23 years$2,319$1,810$1,398$1,070$812$480
24 years$2,199$1,696$1,293$976$730$419
25 years$2,088$1,592$1,198$891$657$366
26 years$1,987$1,496$1,111$815$592$321
27 years$1,892$1,408$1,031$746$533$281
28 years$1,805$1,327$959$683$481$246
29 years$1,724$1,252$892$627$435$216
30 years$1,649$1,182$831$575$393$189
31 years$1,578$1,117$775$528$355$166
32 years$1,512$1,057$723$485$321$146
33 years$1,451$1,001$675$446$291$128
34 years$1,393$949$631$411$263$112
35 years$1,338$900$590$378$238$99
36 years$1,286$854$552$348$216$87
37 years$1,238$811$516$321$196$76
38 years$1,192$771$484$296$177$67
39 years$1,149$733$453$273$161$59
40 years$1,107$698$425$251$146$52
41 years$1,068$664$398$232$132$45
42 years$1,031$632$373$214$120$40
43 years$996$603$350$198$109$35
44 years$962$574$329$183$99$31
45 years$930$548$309$169$90$27
46 years$900$523$290$156$82$24
47 years$871$499$273$144$74$21
48 years$843$476$256$133$67$18
49 years$816$455$241$123$61$16
50 years$791$434$226$114$55$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $810,000, adding $4,896 every year, while hoping to spend $41,338 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: 57/20/23 Blend
46$810,000$810,000$810,000$810,000
47$897,670$854,740$842,185$942,997
48$945,249$852,639$826,415$972,403
49$996,296$849,050$808,731$999,615
50$1,051,120$843,855$789,026$1,028,387
51$1,110,062$836,932$767,186$1,058,878
52$1,173,496$828,149$743,094$1,091,269
53$1,241,832$817,367$716,627$1,125,759
54$1,315,520$804,439$687,655$1,162,568
55$1,395,055$789,209$656,044$1,201,945
56$1,480,981$771,511$621,652$1,244,160
57$1,573,896$751,171$584,332$1,289,520
58$1,674,458$728,002$543,931$1,338,361
59$1,783,387$701,808$500,287$1,391,056
60$1,901,478$672,382$453,232$1,448,023
61$2,029,604$639,504$402,591$1,509,721
62$2,168,725$602,942$348,180$1,576,661
63$2,319,898$562,449$289,807$1,649,409
64$2,484,285$517,766$227,273$1,728,595
65$2,663,164$468,618$160,368$1,814,913
66$2,857,940$414,715$88,874$1,909,134
67$3,070,163$355,748$12,564$2,012,112
68$3,301,535$291,395$0$2,124,793
69$3,553,930$221,313$0$2,265,126
70$3,829,413$145,139$0$2,421,755
71$4,130,254$62,491$0$2,592,942
72$4,458,953$0$0$2,780,170
73$4,818,262$0$0$2,991,029
74$5,211,213$0$0$3,236,739
75$5,641,142$0$0$3,505,641
76$6,111,723$0$0$3,800,041
77$6,627,001$0$0$4,122,480
78$7,191,432$0$0$4,475,755
79$7,809,922$0$0$4,862,947
80$8,487,875$0$0$5,287,449
81$9,231,240$0$0$5,752,997
82$10,046,574$0$0$6,263,706
83$10,941,094$0$0$6,824,112
84$11,922,754$0$0$7,439,206
85$13,000,311$0$0$8,114,489
86$14,183,414$0$0$8,856,020
87$15,482,692$0$0$9,670,474
88$16,909,852$0$0$10,565,204
89$18,477,791$0$0$11,548,308
90$20,200,720$0$0$12,628,711
91$22,094,290$0$0$13,816,242
92$24,175,746$0$0$15,121,734
93$26,464,089$0$0$16,557,116
94$28,980,248$0$0$18,135,537
95$31,747,286$0$0$19,871,478
96$34,790,609$0$0$21,780,898
97$38,138,212$0$0$23,881,378
98$41,820,938$0$0$26,192,291
99$45,872,770$0$0$28,734,979
100$50,331,150$0$0$31,532,961