Can I retire at age 47 with 860,000?

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 $860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$71,018$70,385$69,768$69,166$68,578$68,145
2 years$35,157$34,503$33,868$33,253$32,656$32,220
3 years$23,205$22,548$21,915$21,305$20,718$20,292
4 years$17,231$16,575$15,948$15,349$14,776$14,363
5 years$13,647$12,995$12,377$11,790$11,233$10,834
6 years$11,258$10,611$10,002$9,428$8,888$8,504
7 years$9,553$8,911$8,312$7,752$7,228$6,859
8 years$8,274$7,639$7,049$6,503$5,997$5,642
9 years$7,280$6,651$6,071$5,539$5,050$4,711
10 years$6,486$5,862$5,293$4,774$4,303$3,978
11 years$5,836$5,219$4,660$4,155$3,701$3,390
12 years$5,295$4,684$4,136$3,645$3,207$2,911
13 years$4,838$4,233$3,695$3,218$2,796$2,514
14 years$4,446$3,848$3,320$2,856$2,451$2,183
15 years$4,107$3,515$2,997$2,547$2,158$1,903
16 years$3,810$3,225$2,718$2,281$1,908$1,665
17 years$3,549$2,970$2,473$2,049$1,691$1,461
18 years$3,317$2,745$2,257$1,847$1,504$1,286
19 years$3,109$2,544$2,067$1,669$1,340$1,134
20 years$2,923$2,364$1,897$1,511$1,197$1,002
21 years$2,754$2,202$1,745$1,372$1,071$887
22 years$2,601$2,055$1,608$1,247$960$786
23 years$2,462$1,922$1,485$1,136$862$698
24 years$2,334$1,801$1,373$1,036$775$620
25 years$2,217$1,690$1,272$946$697$552
26 years$2,109$1,588$1,179$865$628$491
27 years$2,009$1,495$1,095$792$566$438
28 years$1,917$1,409$1,018$725$511$390
29 years$1,831$1,329$947$665$461$348
30 years$1,751$1,255$882$611$417$311
31 years$1,676$1,186$823$561$377$278
32 years$1,606$1,123$768$515$341$248
33 years$1,540$1,063$717$474$309$222
34 years$1,479$1,008$670$436$279$198
35 years$1,421$956$626$401$253$178
36 years$1,366$907$586$370$229$159
37 years$1,314$861$548$341$208$142
38 years$1,266$819$513$314$188$127
39 years$1,219$779$481$289$171$114
40 years$1,176$741$451$267$155$102
41 years$1,134$705$423$246$141$91
42 years$1,095$671$397$227$128$82
43 years$1,057$640$372$210$116$73
44 years$1,022$610$349$194$105$66
45 years$988$582$328$179$95$59
46 years$955$555$308$165$87$53
47 years$925$529$289$153$79$47
48 years$895$505$272$141$71$42
49 years$867$483$256$130$65$38
50 years$840$461$240$121$59$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $860,000, adding $5,248 every year, while hoping to spend $57,893 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: 77/13/10 Blend
46$860,000$860,000$860,000$860,000
47$953,133$907,553$894,223$1,024,475
48$988,755$890,426$862,582$1,055,010
49$1,026,070$870,519$827,941$1,080,550
50$1,065,190$847,634$790,137$1,106,893
51$1,106,235$821,565$749,003$1,134,098
52$1,149,338$792,088$704,361$1,162,226
53$1,194,640$758,970$656,027$1,191,350
54$1,242,298$721,964$603,808$1,221,545
55$1,292,479$680,807$547,502$1,252,901
56$1,345,368$635,222$486,900$1,285,512
57$1,401,165$584,918$421,780$1,319,488
58$1,460,088$529,583$351,914$1,354,946
59$1,522,375$468,891$277,062$1,392,020
60$1,588,287$402,496$196,973$1,430,858
61$1,658,106$330,032$111,385$1,471,624
62$1,732,143$251,114$20,027$1,514,500
63$1,810,737$165,334$0$1,559,688
64$1,894,257$72,260$0$1,615,680
65$1,983,110$0$0$1,677,278
66$2,077,738$0$0$1,746,739
67$2,178,627$0$0$1,831,834
68$2,286,309$0$0$1,922,677
69$2,401,366$0$0$2,019,761
70$2,524,438$0$0$2,123,629
71$2,656,225$0$0$2,234,874
72$2,797,494$0$0$2,354,146
73$2,949,088$0$0$2,482,161
74$3,111,931$0$0$2,619,702
75$3,287,038$0$0$2,767,629
76$3,475,524$0$0$2,926,888
77$3,678,611$0$0$3,098,515
78$3,897,644$0$0$3,283,651
79$4,134,098$0$0$3,483,547
80$4,389,596$0$0$3,699,578
81$4,665,919$0$0$3,933,257
82$4,965,028$0$0$4,186,245
83$5,289,077$0$0$4,460,369
84$5,640,433$0$0$4,757,639
85$6,021,702$0$0$5,080,263
86$6,435,747$0$0$5,430,671
87$6,885,720$0$0$5,811,536
88$7,375,085$0$0$6,225,797
89$7,907,658$0$0$6,676,690
90$8,487,632$0$0$7,167,774
91$9,119,626$0$0$7,702,965
92$9,808,721$0$0$8,286,574
93$10,560,508$0$0$8,923,345
94$11,381,143$0$0$9,618,500
95$12,277,402$0$0$10,377,788
96$13,256,744$0$0$11,207,537
97$14,327,382$0$0$12,114,713
98$15,498,355$0$0$13,106,987
99$16,779,619$0$0$14,192,805
100$18,182,136$0$0$15,381,468