Can I retire at age 47 with 830,000?

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 $830,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$68,541$67,930$67,334$66,753$66,185$65,062
2 years$33,931$33,299$32,687$32,093$31,517$30,389
3 years$22,396$21,761$21,150$20,562$19,996$18,898
4 years$16,630$15,997$15,392$14,814$14,261$13,202
5 years$13,171$12,542$11,945$11,378$10,841$9,823
6 years$10,865$10,241$9,653$9,099$8,578$7,603
7 years$9,220$8,601$8,022$7,481$6,976$6,045
8 years$7,986$7,372$6,803$6,276$5,788$4,899
9 years$7,026$6,419$5,860$5,346$4,874$4,028
10 years$6,260$5,658$5,109$4,608$4,153$3,348
11 years$5,633$5,037$4,497$4,010$3,572$2,808
12 years$5,110$4,521$3,991$3,518$3,095$2,371
13 years$4,669$4,086$3,566$3,105$2,699$2,014
14 years$4,291$3,714$3,204$2,757$2,366$1,718
15 years$3,963$3,393$2,893$2,458$2,083$1,472
16 years$3,677$3,113$2,623$2,201$1,841$1,265
17 years$3,425$2,867$2,387$1,978$1,632$1,090
18 years$3,201$2,649$2,179$1,782$1,451$942
19 years$3,001$2,455$1,995$1,611$1,294$815
20 years$2,821$2,281$1,830$1,459$1,156$706
21 years$2,658$2,125$1,684$1,324$1,034$613
22 years$2,511$1,983$1,552$1,204$927$533
23 years$2,376$1,855$1,433$1,096$832$464
24 years$2,253$1,738$1,325$1,000$748$404
25 years$2,140$1,631$1,227$913$673$352
26 years$2,036$1,533$1,138$835$606$307
27 years$1,939$1,443$1,057$764$547$268
28 years$1,850$1,359$983$700$493$234
29 years$1,767$1,283$914$642$445$205
30 years$1,690$1,211$852$589$402$179
31 years$1,617$1,145$794$541$364$156
32 years$1,550$1,083$741$497$329$137
33 years$1,486$1,026$692$457$298$120
34 years$1,427$972$646$421$270$105
35 years$1,371$922$604$387$244$92
36 years$1,318$875$565$357$221$80
37 years$1,268$831$529$329$201$70
38 years$1,221$790$495$303$182$61
39 years$1,177$751$464$279$165$54
40 years$1,135$715$435$258$150$47
41 years$1,095$680$408$238$136$41
42 years$1,057$648$383$219$123$36
43 years$1,021$617$359$203$112$32
44 years$986$589$337$187$101$28
45 years$953$561$317$173$92$24
46 years$922$535$297$160$84$21
47 years$892$511$279$147$76$19
48 years$864$488$262$136$69$16
49 years$836$466$247$126$63$14
50 years$810$445$232$116$57$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $830,000, adding $3,794 every year, while hoping to spend $35,584 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: 56/31/13 Blend
46$830,000$830,000$830,000$830,000
47$918,574$874,584$861,719$966,752
48$974,407$879,577$852,725$1,004,826
49$1,034,743$883,623$842,238$1,042,059
50$1,100,003$886,636$830,169$1,081,784
51$1,170,650$888,528$816,426$1,124,249
52$1,247,194$889,205$800,915$1,169,722
53$1,330,196$888,564$783,534$1,218,504
54$1,420,272$886,499$764,177$1,270,926
55$1,518,098$882,896$742,736$1,327,355
56$1,624,421$877,635$719,095$1,388,195
57$1,740,061$870,588$693,133$1,453,896
58$1,865,919$861,618$664,725$1,524,953
59$2,002,989$850,583$633,739$1,601,914
60$2,152,362$837,330$600,038$1,685,386
61$2,315,240$821,697$563,477$1,776,039
62$2,492,948$803,513$523,906$1,874,613
63$2,686,940$782,597$481,169$1,981,927
64$2,898,821$758,757$435,101$2,098,886
65$3,130,355$731,790$385,531$2,226,491
66$3,383,484$701,481$332,279$2,365,847
67$3,660,349$667,603$275,160$2,518,174
68$3,963,304$629,915$213,977$2,684,822
69$4,294,942$588,162$148,526$2,867,282
70$4,658,120$542,076$78,596$3,067,199
71$5,055,983$491,372$3,963$3,286,394
72$5,491,994$435,750$0$3,526,873
73$5,969,967$374,892$0$3,801,355
74$6,494,105$308,462$0$4,103,059
75$7,069,033$236,106$0$4,434,175
76$7,699,848$157,450$0$4,797,726
77$8,392,164$72,097$0$5,197,048
78$9,152,165$0$0$5,635,822
79$9,986,662$0$0$6,125,055
80$10,903,159$0$0$6,689,449
81$11,909,921$0$0$7,309,510
82$13,016,053$0$0$7,990,856
83$14,231,588$0$0$8,739,676
84$15,567,576$0$0$9,562,788
85$17,036,192$0$0$10,467,706
86$18,650,850$0$0$11,462,705
87$20,426,327$0$0$12,556,904
88$22,378,906$0$0$13,760,349
89$24,526,524$0$0$15,084,108
90$26,888,945$0$0$16,540,377
91$29,487,946$0$0$18,142,592
92$32,347,520$0$0$19,905,560
93$35,494,101$0$0$21,845,591
94$38,956,819$0$0$23,980,660
95$42,767,767$0$0$26,330,570
96$46,962,309$0$0$28,917,144
97$51,579,409$0$0$31,764,425
98$56,662,002$0$0$34,898,908
99$62,257,396$0$0$38,349,785
100$68,417,720$0$0$42,149,223