Can I retire at age 47 with 870,000?

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 $870,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$71,844$71,204$70,579$69,970$69,375$68,480
2 years$35,566$34,904$34,262$33,639$33,036$32,135
3 years$23,475$22,810$22,170$21,553$20,959$20,081
4 years$17,431$16,768$16,134$15,528$14,948$14,099
5 years$13,805$13,146$12,521$11,927$11,363$10,546
6 years$11,389$10,735$10,118$9,538$8,992$8,207
7 years$9,664$9,015$8,408$7,842$7,313$6,561
8 years$8,371$7,728$7,131$6,578$6,066$5,348
9 years$7,365$6,728$6,142$5,603$5,109$4,423
10 years$6,561$5,931$5,355$4,830$4,353$3,700
11 years$5,904$5,280$4,714$4,204$3,744$3,122
12 years$5,357$4,739$4,184$3,687$3,244$2,653
13 years$4,894$4,282$3,738$3,255$2,829$2,268
14 years$4,498$3,893$3,359$2,890$2,480$1,949
15 years$4,154$3,556$3,032$2,577$2,183$1,681
16 years$3,854$3,263$2,749$2,307$1,930$1,454
17 years$3,590$3,005$2,502$2,073$1,711$1,262
18 years$3,355$2,776$2,284$1,868$1,521$1,098
19 years$3,145$2,573$2,091$1,688$1,356$957
20 years$2,957$2,391$1,919$1,529$1,211$836
21 years$2,786$2,227$1,765$1,388$1,084$731
22 years$2,632$2,079$1,627$1,262$972$641
23 years$2,491$1,945$1,502$1,149$872$562
24 years$2,362$1,822$1,389$1,048$784$493
25 years$2,243$1,710$1,286$957$705$433
26 years$2,134$1,607$1,193$875$635$381
27 years$2,033$1,512$1,108$801$573$335
28 years$1,939$1,425$1,030$734$517$295
29 years$1,852$1,344$958$673$467$260
30 years$1,771$1,270$893$618$422$229
31 years$1,695$1,200$832$567$381$202
32 years$1,624$1,136$777$521$345$178
33 years$1,558$1,075$725$479$312$157
34 years$1,496$1,019$677$441$283$139
35 years$1,437$967$633$406$256$122
36 years$1,382$918$593$374$232$108
37 years$1,330$872$555$345$210$95
38 years$1,280$828$519$318$191$84
39 years$1,234$788$487$293$173$74
40 years$1,189$749$456$270$157$66
41 years$1,147$713$428$249$142$58
42 years$1,108$679$401$230$129$51
43 years$1,070$647$376$212$117$45
44 years$1,034$617$353$196$106$40
45 years$999$588$332$181$97$35
46 years$967$561$312$167$88$31
47 years$935$536$293$154$80$28
48 years$905$511$275$143$72$24
49 years$877$488$259$132$66$22
50 years$849$466$243$122$60$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $870,000, adding $3,542 every year, while hoping to spend $47,358 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: 59/11/30 Blend
46$870,000$870,000$870,000$870,000
47$962,394$916,284$902,799$1,011,095
48$1,010,169$910,793$882,654$1,039,365
49$1,061,231$903,446$860,247$1,064,890
50$1,115,863$894,102$835,452$1,091,768
51$1,174,379$882,611$808,138$1,120,148
52$1,237,122$868,815$778,167$1,150,189
53$1,304,468$852,546$745,395$1,182,073
54$1,376,829$833,627$709,671$1,216,002
55$1,454,660$811,869$670,839$1,252,200
56$1,538,457$787,072$628,734$1,290,917
57$1,628,767$759,026$583,184$1,332,430
58$1,726,191$727,508$534,010$1,377,048
59$1,831,388$692,280$481,025$1,425,115
60$1,945,081$653,095$424,031$1,477,013
61$2,068,069$609,686$362,826$1,533,166
62$2,201,226$561,774$297,194$1,594,044
63$2,345,515$509,065$226,914$1,660,170
64$2,501,994$451,246$151,752$1,732,125
65$2,671,827$387,986$71,465$1,810,552
66$2,856,293$318,938$0$1,896,163
67$3,056,802$243,732$0$1,994,301
68$3,274,900$161,980$0$2,126,001
69$3,512,294$73,270$0$2,269,421
70$3,770,857$0$0$2,425,731
71$4,052,653$0$0$2,598,982
72$4,359,954$0$0$2,797,649
73$4,695,258$0$0$3,014,488
74$5,061,316$0$0$3,251,286
75$5,461,157$0$0$3,510,012
76$5,898,115$0$0$3,792,830
77$6,375,861$0$0$4,102,128
78$6,898,435$0$0$4,440,530
79$7,470,286$0$0$4,810,928
80$8,096,315$0$0$5,216,508
81$8,781,917$0$0$5,660,775
82$9,533,034$0$0$6,147,590
83$10,356,208$0$0$6,681,208
84$11,258,647$0$0$7,266,311
85$12,248,286$0$0$7,908,059
86$13,333,868$0$0$8,612,134
87$14,525,022$0$0$9,384,794
88$15,832,353$0$0$10,232,933
89$17,267,544$0$0$11,164,146
90$18,843,463$0$0$12,186,797
91$20,574,287$0$0$13,310,101
92$22,475,632$0$0$14,544,211
93$24,564,701$0$0$15,900,308
94$26,860,447$0$0$17,390,714
95$29,383,749$0$0$19,029,002
96$32,157,608$0$0$20,830,125
97$35,207,368$0$0$22,810,558
98$38,560,949$0$0$24,988,451
99$42,249,111$0$0$27,383,802
100$46,305,747$0$0$30,018,645