Can I retire at age 47 with 875,000?

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 $875,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$72,257$71,613$70,985$70,372$69,774$68,365
2 years$35,771$35,104$34,459$33,833$33,226$31,812
3 years$23,610$22,941$22,297$21,677$21,080$19,706
4 years$17,531$16,864$16,227$15,617$15,034$13,711
5 years$13,885$13,222$12,593$11,995$11,429$10,160
6 years$11,455$10,797$10,177$9,593$9,043$7,830
7 years$9,719$9,067$8,457$7,887$7,355$6,197
8 years$8,419$7,772$7,172$6,616$6,101$4,999
9 years$7,407$6,767$6,177$5,635$5,138$4,090
10 years$6,599$5,965$5,385$4,858$4,378$3,384
11 years$5,938$5,310$4,741$4,228$3,765$2,823
12 years$5,387$4,766$4,208$3,708$3,263$2,372
13 years$4,922$4,307$3,759$3,274$2,845$2,004
14 years$4,523$3,915$3,378$2,906$2,494$1,701
15 years$4,178$3,576$3,050$2,592$2,196$1,449
16 years$3,877$3,281$2,765$2,321$1,941$1,238
17 years$3,611$3,022$2,516$2,085$1,721$1,061
18 years$3,375$2,792$2,297$1,879$1,530$911
19 years$3,164$2,588$2,103$1,698$1,364$784
20 years$2,974$2,405$1,930$1,538$1,218$675
21 years$2,802$2,240$1,775$1,396$1,090$583
22 years$2,647$2,091$1,636$1,269$977$503
23 years$2,505$1,956$1,510$1,156$877$435
24 years$2,375$1,832$1,397$1,054$788$377
25 years$2,256$1,720$1,294$963$709$326
26 years$2,146$1,616$1,200$880$639$283
27 years$2,044$1,521$1,114$806$576$245
28 years$1,950$1,433$1,036$738$520$213
29 years$1,863$1,352$964$677$469$185
30 years$1,781$1,277$898$621$424$160
31 years$1,705$1,207$837$571$383$139
32 years$1,634$1,142$781$524$347$121
33 years$1,567$1,082$729$482$314$105
34 years$1,504$1,025$681$444$284$91
35 years$1,445$972$637$408$257$79
36 years$1,390$923$596$376$233$69
37 years$1,337$877$558$347$211$60
38 years$1,288$833$522$319$192$52
39 years$1,241$792$489$295$174$45
40 years$1,196$754$459$272$158$40
41 years$1,154$717$430$251$143$34
42 years$1,114$683$403$231$130$30
43 years$1,076$651$379$214$118$26
44 years$1,040$620$355$197$107$23
45 years$1,005$592$334$182$97$20
46 years$972$564$313$168$88$17
47 years$941$539$294$155$80$15
48 years$911$514$277$144$73$13
49 years$882$491$260$133$66$11
50 years$854$469$244$123$60$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $875,000, adding $6,607 every year, while hoping to spend $51,953 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: 68/8/24 Blend
46$875,000$875,000$875,000$875,000
47$971,065$924,690$911,128$1,030,719
48$1,014,836$914,722$886,373$1,061,592
49$1,061,331$902,525$859,047$1,088,774
50$1,110,771$887,934$829,011$1,117,294
51$1,163,403$870,775$796,115$1,147,285
52$1,219,491$850,864$760,206$1,178,893
53$1,279,329$828,007$721,123$1,212,281
54$1,343,238$801,996$678,698$1,247,631
55$1,411,567$772,613$632,753$1,285,143
56$1,484,703$739,627$583,107$1,325,041
57$1,563,067$702,793$529,565$1,367,574
58$1,647,123$661,853$471,928$1,413,017
59$1,737,377$616,532$409,986$1,461,676
60$1,834,389$566,541$343,519$1,513,890
61$1,938,769$511,574$272,300$1,570,036
62$2,051,190$451,308$196,089$1,630,531
63$2,172,391$385,401$114,637$1,695,838
64$2,303,180$313,491$27,683$1,766,469
65$2,444,451$235,198$0$1,842,994
66$2,597,181$150,119$0$1,942,716
67$2,762,446$57,828$0$2,058,306
68$2,941,430$0$0$2,183,518
69$3,135,432$0$0$2,322,994
70$3,345,883$0$0$2,479,860
71$3,574,354$0$0$2,650,204
72$3,822,576$0$0$2,835,321
73$4,092,452$0$0$3,036,636
74$4,386,074$0$0$3,255,717
75$4,705,745$0$0$3,494,289
76$5,054,001$0$0$3,754,249
77$5,433,628$0$0$4,037,687
78$5,847,698$0$0$4,346,901
79$6,299,587$0$0$4,684,422
80$6,793,015$0$0$5,053,036
81$7,332,075$0$0$5,455,809
82$7,921,274$0$0$5,896,116
83$8,565,573$0$0$6,377,675
84$9,270,434$0$0$6,904,578
85$10,041,874$0$0$7,481,331
86$10,886,515$0$0$8,112,896
87$11,811,650$0$0$8,804,737
88$12,825,313$0$0$9,562,873
89$13,936,349$0$0$10,393,930
90$15,154,501$0$0$11,305,208
91$16,490,498$0$0$12,304,745
92$17,956,160$0$0$13,401,397
93$19,564,504$0$0$14,604,917
94$21,329,868$0$0$15,926,049
95$23,268,048$0$0$17,376,625
96$25,396,441$0$0$18,969,684
97$27,734,216$0$0$20,719,584
98$30,302,484$0$0$22,642,147
99$33,124,506$0$0$24,754,800
100$36,225,906$0$0$27,076,742