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%14.7%
1 years$72,257$71,613$70,985$70,372$69,774$68,421
2 years$35,771$35,104$34,459$33,833$33,226$31,868
3 years$23,610$22,941$22,297$21,677$21,080$19,760
4 years$17,531$16,864$16,227$15,617$15,034$13,762
5 years$13,885$13,222$12,593$11,995$11,429$10,208
6 years$11,455$10,797$10,177$9,593$9,043$7,876
7 years$9,719$9,067$8,457$7,887$7,355$6,240
8 years$8,419$7,772$7,172$6,616$6,101$5,040
9 years$7,407$6,767$6,177$5,635$5,138$4,129
10 years$6,599$5,965$5,385$4,858$4,378$3,420
11 years$5,938$5,310$4,741$4,228$3,765$2,857
12 years$5,387$4,766$4,208$3,708$3,263$2,403
13 years$4,922$4,307$3,759$3,274$2,845$2,033
14 years$4,523$3,915$3,378$2,906$2,494$1,728
15 years$4,178$3,576$3,050$2,592$2,196$1,474
16 years$3,877$3,281$2,765$2,321$1,941$1,261
17 years$3,611$3,022$2,516$2,085$1,721$1,082
18 years$3,375$2,792$2,297$1,879$1,530$931
19 years$3,164$2,588$2,103$1,698$1,364$802
20 years$2,974$2,405$1,930$1,538$1,218$692
21 years$2,802$2,240$1,775$1,396$1,090$598
22 years$2,647$2,091$1,636$1,269$977$517
23 years$2,505$1,956$1,510$1,156$877$448
24 years$2,375$1,832$1,397$1,054$788$389
25 years$2,256$1,720$1,294$963$709$337
26 years$2,146$1,616$1,200$880$639$293
27 years$2,044$1,521$1,114$806$576$254
28 years$1,950$1,433$1,036$738$520$221
29 years$1,863$1,352$964$677$469$192
30 years$1,781$1,277$898$621$424$167
31 years$1,705$1,207$837$571$383$145
32 years$1,634$1,142$781$524$347$126
33 years$1,567$1,082$729$482$314$110
34 years$1,504$1,025$681$444$284$96
35 years$1,445$972$637$408$257$83
36 years$1,390$923$596$376$233$73
37 years$1,337$877$558$347$211$63
38 years$1,288$833$522$319$192$55
39 years$1,241$792$489$295$174$48
40 years$1,196$754$459$272$158$42
41 years$1,154$717$430$251$143$36
42 years$1,114$683$403$231$130$32
43 years$1,076$651$379$214$118$28
44 years$1,040$620$355$197$107$24
45 years$1,005$592$334$182$97$21
46 years$972$564$313$168$88$18
47 years$941$539$294$155$80$16
48 years$911$514$277$144$73$14
49 years$882$491$260$133$66$12
50 years$854$469$244$123$60$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $875,000, adding $3,994 every year, while hoping to spend $44,392 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: 76/16/8 Blend
46$875,000$875,000$875,000$875,000
47$968,370$921,995$908,432$1,040,523
48$1,019,911$919,940$891,632$1,086,477
49$1,075,221$916,296$872,781$1,130,761
50$1,134,638$910,940$851,764$1,178,023
51$1,198,533$903,737$828,460$1,228,540
52$1,267,312$894,549$802,742$1,282,619
53$1,341,423$883,227$774,478$1,340,599
54$1,421,355$869,612$743,530$1,402,853
55$1,507,648$853,538$709,754$1,469,792
56$1,600,894$834,827$672,997$1,541,871
57$1,701,745$813,293$633,101$1,619,591
58$1,810,916$788,737$589,903$1,703,503
59$1,929,193$760,949$543,229$1,794,219
60$2,057,442$729,707$492,898$1,892,409
61$2,196,613$694,775$438,722$1,998,815
62$2,347,753$655,904$380,505$2,114,257
63$2,512,013$612,833$318,041$2,239,636
64$2,690,658$565,281$251,115$2,375,949
65$2,885,081$512,956$179,504$2,524,295
66$3,096,815$455,546$102,972$2,685,884
67$3,327,545$392,723$21,277$2,862,056
68$3,579,128$324,140$0$3,054,284
69$3,853,605$249,429$0$3,269,821
70$4,153,226$168,204$0$3,507,142
71$4,480,464$80,055$0$3,766,432
72$4,838,045$0$0$4,049,899
73$5,228,966$0$0$4,362,700
74$5,656,531$0$0$4,720,269
75$6,124,375$0$0$5,111,556
76$6,636,502$0$0$5,539,914
77$7,197,320$0$0$6,009,035
78$7,811,685$0$0$6,522,983
79$8,484,942$0$0$7,086,236
80$9,222,979$0$0$7,703,726
81$10,032,283$0$0$8,380,881
82$10,919,996$0$0$9,123,686
83$11,893,984$0$0$9,938,726
84$12,962,914$0$0$10,833,261
85$14,136,330$0$0$11,815,282
86$15,424,748$0$0$12,893,596
87$16,839,750$0$0$14,077,903
88$18,394,094$0$0$15,378,887
89$20,101,838$0$0$16,808,321
90$21,978,465$0$0$18,379,171
91$24,041,034$0$0$20,105,725
92$26,308,340$0$0$22,003,722
93$28,801,087$0$0$24,090,501
94$31,542,088$0$0$26,385,168
95$34,556,474$0$0$28,908,769
96$37,871,935$0$0$31,684,496
97$41,518,981$0$0$34,737,899
98$45,531,225$0$0$38,097,129
99$49,945,703$0$0$41,793,203
100$54,803,222$0$0$45,860,296