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%17.5%
1 years$72,257$71,613$70,985$70,372$69,774$67,649
2 years$35,771$35,104$34,459$33,833$33,226$31,103
3 years$23,610$22,941$22,297$21,677$21,080$19,026
4 years$17,531$16,864$16,227$15,617$15,034$13,065
5 years$13,885$13,222$12,593$11,995$11,429$9,550
6 years$11,455$10,797$10,177$9,593$9,043$7,256
7 years$9,719$9,067$8,457$7,887$7,355$5,658
8 years$8,419$7,772$7,172$6,616$6,101$4,496
9 years$7,407$6,767$6,177$5,635$5,138$3,621
10 years$6,599$5,965$5,385$4,858$4,378$2,948
11 years$5,938$5,310$4,741$4,228$3,765$2,419
12 years$5,387$4,766$4,208$3,708$3,263$1,998
13 years$4,922$4,307$3,759$3,274$2,845$1,659
14 years$4,523$3,915$3,378$2,906$2,494$1,383
15 years$4,178$3,576$3,050$2,592$2,196$1,157
16 years$3,877$3,281$2,765$2,321$1,941$970
17 years$3,611$3,022$2,516$2,085$1,721$816
18 years$3,375$2,792$2,297$1,879$1,530$687
19 years$3,164$2,588$2,103$1,698$1,364$580
20 years$2,974$2,405$1,930$1,538$1,218$490
21 years$2,802$2,240$1,775$1,396$1,090$414
22 years$2,647$2,091$1,636$1,269$977$351
23 years$2,505$1,956$1,510$1,156$877$297
24 years$2,375$1,832$1,397$1,054$788$252
25 years$2,256$1,720$1,294$963$709$214
26 years$2,146$1,616$1,200$880$639$182
27 years$2,044$1,521$1,114$806$576$154
28 years$1,950$1,433$1,036$738$520$131
29 years$1,863$1,352$964$677$469$111
30 years$1,781$1,277$898$621$424$95
31 years$1,705$1,207$837$571$383$80
32 years$1,634$1,142$781$524$347$68
33 years$1,567$1,082$729$482$314$58
34 years$1,504$1,025$681$444$284$49
35 years$1,445$972$637$408$257$42
36 years$1,390$923$596$376$233$36
37 years$1,337$877$558$347$211$30
38 years$1,288$833$522$319$192$26
39 years$1,241$792$489$295$174$22
40 years$1,196$754$459$272$158$19
41 years$1,154$717$430$251$143$16
42 years$1,114$683$403$231$130$14
43 years$1,076$651$379$214$118$12
44 years$1,040$620$355$197$107$10
45 years$1,005$592$334$182$97$8
46 years$972$564$313$168$88$7
47 years$941$539$294$155$80$6
48 years$911$514$277$144$73$5
49 years$882$491$260$133$66$4
50 years$854$469$244$123$60$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $875,000, adding $3,740 every year, while hoping to spend $28,411 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: 52/30/18 Blend
46$875,000$875,000$875,000$875,000
47$968,108$921,733$908,170$1,013,496
48$1,036,626$936,669$908,365$1,060,011
49$1,111,180$951,384$907,614$1,107,295
50$1,192,357$965,838$905,855$1,158,107
51$1,280,801$979,988$903,025$1,212,789
52$1,377,221$993,786$899,055$1,271,723
53$1,482,398$1,007,181$893,873$1,335,324
54$1,597,191$1,020,122$887,406$1,404,057
55$1,722,545$1,032,549$879,576$1,478,429
56$1,859,503$1,044,402$870,300$1,559,003
57$2,009,211$1,055,616$859,493$1,646,400
58$2,172,929$1,066,120$847,065$1,741,304
59$2,352,049$1,075,840$832,922$1,844,470
60$2,548,099$1,084,698$816,966$1,956,733
61$2,762,765$1,092,608$799,095$2,079,011
62$2,997,901$1,099,480$779,199$2,212,321
63$3,255,552$1,105,220$757,167$2,357,781
64$3,537,967$1,109,724$732,880$2,516,627
65$3,847,624$1,112,885$706,216$2,690,223
66$4,187,253$1,114,587$677,046$2,880,072
67$4,559,859$1,114,709$645,234$3,087,834
68$4,968,756$1,113,120$610,640$3,315,339
69$5,417,589$1,109,683$573,116$3,564,606
70$5,910,376$1,104,251$532,509$3,837,864
71$6,451,544$1,096,669$488,657$4,137,570
72$7,045,968$1,086,772$441,394$4,466,436
73$7,699,019$1,074,386$390,543$4,827,450
74$8,416,613$1,059,325$335,920$5,223,911
75$9,205,269$1,041,394$277,335$5,659,459
76$10,072,168$1,020,384$214,587$6,138,104
77$11,025,222$996,075$147,469$6,664,273
78$12,073,146$968,235$75,761$7,242,847
79$13,225,545$936,615$0$7,879,209
80$14,492,997$900,957$0$8,579,443
81$15,887,161$860,981$0$9,365,486
82$17,420,879$816,398$0$10,230,040
83$19,108,304$766,896$0$11,181,117
84$20,965,026$712,149$0$12,227,548
85$23,008,226$651,812$0$13,379,068
86$25,256,833$585,518$0$14,646,410
87$27,731,703$512,881$0$16,041,404
88$30,455,817$433,494$0$17,577,089
89$33,454,500$346,924$0$19,267,841
90$36,755,652$252,716$0$21,129,504
91$40,390,018$150,389$0$23,179,546
92$44,391,476$39,434$0$25,437,218
93$48,797,356$0$0$27,923,744
94$53,648,791$0$0$30,689,151
95$58,991,107$0$0$33,748,818
96$64,874,248$0$0$37,118,347
97$71,353,250$0$0$40,829,273
98$78,488,758$0$0$44,916,346
99$86,347,598$0$0$49,417,859
100$95,003,409$0$0$54,376,008