Can I retire at age 47 with 820,000?

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 $820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$67,715$67,112$66,523$65,949$65,388$63,911
2 years$33,522$32,898$32,293$31,706$31,137$29,657
3 years$22,126$21,499$20,896$20,314$19,755$18,318
4 years$16,429$15,804$15,207$14,635$14,089$12,706
5 years$13,012$12,391$11,801$11,241$10,710$9,386
6 years$10,735$10,118$9,537$8,990$8,475$7,209
7 years$9,108$8,497$7,925$7,391$6,892$5,687
8 years$7,889$7,283$6,721$6,200$5,718$4,571
9 years$6,942$6,342$5,789$5,281$4,815$3,727
10 years$6,184$5,590$5,047$4,552$4,103$3,072
11 years$5,565$4,976$4,443$3,962$3,529$2,553
12 years$5,049$4,466$3,943$3,475$3,058$2,137
13 years$4,613$4,036$3,523$3,068$2,666$1,798
14 years$4,239$3,669$3,165$2,723$2,337$1,520
15 years$3,916$3,352$2,858$2,429$2,058$1,289
16 years$3,633$3,075$2,591$2,175$1,819$1,097
17 years$3,384$2,832$2,358$1,954$1,613$936
18 years$3,162$2,617$2,152$1,761$1,434$800
19 years$2,965$2,425$1,970$1,591$1,278$685
20 years$2,787$2,254$1,808$1,441$1,142$588
21 years$2,626$2,099$1,663$1,308$1,022$505
22 years$2,480$1,960$1,533$1,189$916$434
23 years$2,348$1,833$1,416$1,083$822$374
24 years$2,226$1,717$1,309$988$739$322
25 years$2,114$1,611$1,212$902$665$278
26 years$2,011$1,515$1,125$825$599$239
27 years$1,916$1,425$1,044$755$540$207
28 years$1,828$1,343$971$692$487$178
29 years$1,746$1,267$903$634$440$154
30 years$1,669$1,197$841$582$398$133
31 years$1,598$1,131$784$535$359$115
32 years$1,531$1,070$732$491$325$99
33 years$1,468$1,014$683$452$294$86
34 years$1,410$961$639$416$266$74
35 years$1,354$911$597$383$241$64
36 years$1,302$865$558$352$219$56
37 years$1,253$821$523$325$198$48
38 years$1,207$781$489$299$180$42
39 years$1,163$742$459$276$163$36
40 years$1,121$706$430$255$148$31
41 years$1,082$672$403$235$134$27
42 years$1,044$640$378$217$122$23
43 years$1,008$610$355$200$110$20
44 years$974$581$333$185$100$18
45 years$942$555$313$171$91$15
46 years$911$529$294$158$83$13
47 years$882$505$276$146$75$11
48 years$853$482$259$135$68$10
49 years$826$460$244$124$62$9
50 years$801$440$229$115$56$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $820,000, adding $4,086 every year, while hoping to spend $55,169 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: 82/9/9 Blend
46$820,000$820,000$820,000$820,000
47$907,855$864,395$851,685$980,817
48$941,757$848,051$821,517$1,012,832
49$977,267$829,057$788,489$1,040,224
50$1,014,493$807,225$752,448$1,068,623
51$1,053,548$782,356$713,232$1,098,098
52$1,094,558$754,239$670,673$1,128,728
53$1,137,657$722,651$624,595$1,160,596
54$1,182,993$687,356$574,814$1,193,798
55$1,230,726$648,104$521,138$1,228,436
56$1,281,031$604,632$463,367$1,264,625
57$1,334,097$556,660$401,290$1,302,490
58$1,390,131$503,893$334,690$1,342,171
59$1,449,360$446,019$263,337$1,383,821
60$1,512,029$382,708$186,994$1,427,610
61$1,578,408$313,612$105,410$1,473,725
62$1,648,790$238,364$18,325$1,522,373
63$1,723,496$156,574$0$1,573,782
64$1,802,879$67,832$0$1,635,369
65$1,887,321$0$0$1,702,593
66$1,977,244$0$0$1,776,832
67$2,073,107$0$0$1,863,146
68$2,175,415$0$0$1,955,275
69$2,284,721$0$0$2,053,716
70$2,401,629$0$0$2,159,018
71$2,526,804$0$0$2,271,778
72$2,660,973$0$0$2,392,655
73$2,804,935$0$0$2,522,370
74$2,959,566$0$0$2,661,714
75$3,125,829$0$0$2,811,556
76$3,304,778$0$0$2,972,850
77$3,497,574$0$0$3,146,644
78$3,705,489$0$0$3,334,086
79$3,929,924$0$0$3,536,443
80$4,172,415$0$0$3,755,101
81$4,434,652$0$0$3,991,588
82$4,718,491$0$0$4,247,581
83$5,025,974$0$0$4,524,924
84$5,359,346$0$0$4,825,644
85$5,721,075$0$0$5,151,972
86$6,113,874$0$0$5,506,361
87$6,540,731$0$0$5,891,506
88$7,004,929$0$0$6,310,377
89$7,510,082$0$0$6,766,238
90$8,060,166$0$0$7,262,680
91$8,659,557$0$0$7,803,658
92$9,313,069$0$0$8,393,522
93$10,026,002$0$0$9,037,059
94$10,804,188$0$0$9,739,540
95$11,654,048$0$0$10,506,766
96$12,582,652$0$0$11,345,123
97$13,597,779$0$0$12,261,643
98$14,707,997$0$0$13,264,067
99$15,922,740$0$0$14,360,917
100$17,252,395$0$0$15,561,580