Can I retire at age 47 with 825,000?

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 $825,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$68,128$67,521$66,929$66,351$65,787$63,503
2 years$33,727$33,098$32,490$31,899$31,327$29,050
3 years$22,261$21,630$21,023$20,438$19,875$17,676
4 years$16,529$15,900$15,299$14,725$14,175$12,071
5 years$13,091$12,466$11,873$11,310$10,776$8,772
6 years$10,800$10,180$9,595$9,045$8,526$6,625
7 years$9,164$8,549$7,974$7,436$6,934$5,134
8 years$7,938$7,328$6,762$6,238$5,753$4,053
9 years$6,984$6,380$5,824$5,313$4,845$3,243
10 years$6,222$5,624$5,078$4,580$4,128$2,621
11 years$5,599$5,007$4,470$3,986$3,550$2,136
12 years$5,080$4,494$3,967$3,496$3,076$1,751
13 years$4,641$4,061$3,545$3,087$2,683$1,443
14 years$4,265$3,691$3,185$2,740$2,352$1,194
15 years$3,940$3,372$2,875$2,444$2,071$991
16 years$3,655$3,094$2,607$2,188$1,830$825
17 years$3,404$2,849$2,372$1,966$1,623$688
18 years$3,182$2,633$2,166$1,772$1,443$575
19 years$2,983$2,440$1,982$1,601$1,286$481
20 years$2,804$2,267$1,819$1,450$1,149$403
21 years$2,642$2,112$1,674$1,316$1,028$338
22 years$2,496$1,972$1,542$1,196$921$284
23 years$2,362$1,844$1,424$1,090$827$238
24 years$2,239$1,728$1,317$994$743$200
25 years$2,127$1,621$1,220$908$669$168
26 years$2,023$1,524$1,131$830$603$142
27 years$1,928$1,434$1,051$760$543$119
28 years$1,839$1,351$977$696$490$100
29 years$1,756$1,275$909$638$443$85
30 years$1,679$1,204$847$586$400$71
31 years$1,608$1,138$789$538$362$60
32 years$1,540$1,077$736$494$327$51
33 years$1,477$1,020$688$455$296$43
34 years$1,418$967$642$418$268$36
35 years$1,363$917$601$385$243$30
36 years$1,310$870$562$355$220$25
37 years$1,261$826$526$327$199$21
38 years$1,214$785$492$301$181$18
39 years$1,170$747$461$278$164$15
40 years$1,128$711$432$256$149$13
41 years$1,088$676$406$236$135$11
42 years$1,050$644$380$218$122$9
43 years$1,014$614$357$201$111$8
44 years$980$585$335$186$101$6
45 years$948$558$315$172$92$5
46 years$917$532$295$159$83$5
47 years$887$508$278$147$75$4
48 years$859$485$261$135$69$3
49 years$831$463$245$125$62$3
50 years$805$442$231$116$57$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $825,000, adding $2,571 every year, while hoping to spend $29,599 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: 71/9/20 Blend
46$825,000$825,000$825,000$825,000
47$911,802$868,077$855,289$971,934
48$973,313$879,120$852,449$1,023,369
49$1,040,105$889,711$848,520$1,075,900
50$1,112,688$899,799$843,437$1,132,677
51$1,191,618$909,325$837,129$1,194,117
52$1,277,510$918,229$829,520$1,260,679
53$1,371,041$926,447$820,533$1,332,871
54$1,472,953$933,908$810,087$1,411,251
55$1,584,065$940,541$798,095$1,496,435
56$1,705,277$946,266$784,470$1,589,101
57$1,837,583$951,000$769,117$1,689,999
58$1,982,072$954,654$751,937$1,799,954
59$2,139,946$957,135$732,830$1,919,875
60$2,312,527$958,342$711,687$2,050,767
61$2,501,273$958,168$688,397$2,193,735
62$2,707,787$956,502$662,841$2,350,000
63$2,933,833$953,223$634,899$2,520,906
64$3,181,356$948,203$604,440$2,707,935
65$3,452,497$941,308$571,332$2,912,723
66$3,749,614$932,394$535,433$3,137,072
67$4,075,303$921,310$496,599$3,382,969
68$4,432,424$907,894$454,675$3,652,604
69$4,824,127$891,976$409,502$3,948,394
70$5,253,880$873,376$360,913$4,273,002
71$5,725,506$851,901$308,734$4,629,362
72$6,243,214$827,350$252,782$5,020,713
73$6,811,639$799,507$192,867$5,450,622
74$7,435,889$768,147$128,792$5,923,022
75$8,121,591$733,027$60,348$6,442,252
76$8,874,943$693,895$0$7,013,091
77$9,702,772$650,481$0$7,643,520
78$10,612,602$602,501$0$8,350,559
79$11,612,719$549,655$0$9,127,771
80$12,712,253$491,625$0$9,982,270
81$13,921,263$428,075$0$10,921,895
82$15,250,831$358,651$0$11,955,281
83$16,713,168$282,977$0$13,091,948
84$18,321,727$200,658$0$14,342,382
85$20,091,328$111,275$0$15,718,142
86$22,038,303$14,387$0$17,231,962
87$24,180,646$0$0$18,897,877
88$26,538,183$0$0$20,740,313
89$29,132,758$0$0$22,769,614
90$31,988,442$0$0$25,003,189
91$35,131,756$0$0$27,461,786
92$38,591,924$0$0$30,168,272
93$42,401,146$0$0$33,147,839
94$46,594,904$0$0$36,428,247
95$51,212,293$0$0$40,040,085
96$56,296,394$0$0$44,017,060
97$61,894,677$0$0$48,396,313
98$68,059,451$0$0$53,218,769
99$74,848,354$0$0$58,529,525
100$82,324,902$0$0$64,378,275