Can I retire at age 47 with 900,000?

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 $900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$74,321$73,659$73,013$72,383$71,767$70,089
2 years$36,793$36,107$35,443$34,799$34,175$32,494
3 years$24,285$23,597$22,934$22,296$21,682$20,050
4 years$18,032$17,346$16,690$16,063$15,464$13,894
5 years$14,281$13,599$12,952$12,338$11,755$10,252
6 years$11,782$11,105$10,467$9,867$9,302$7,867
7 years$9,997$9,326$8,698$8,112$7,565$6,198
8 years$8,659$7,994$7,377$6,805$6,276$4,976
9 years$7,619$6,960$6,354$5,796$5,285$4,053
10 years$6,787$6,135$5,539$4,997$4,503$3,336
11 years$6,108$5,462$4,877$4,348$3,873$2,769
12 years$5,541$4,902$4,328$3,814$3,356$2,314
13 years$5,063$4,430$3,867$3,367$2,927$1,945
14 years$4,653$4,027$3,474$2,989$2,565$1,642
15 years$4,298$3,679$3,137$2,666$2,259$1,391
16 years$3,987$3,375$2,844$2,387$1,996$1,182
17 years$3,714$3,108$2,588$2,145$1,770$1,007
18 years$3,471$2,872$2,362$1,933$1,574$859
19 years$3,254$2,662$2,163$1,746$1,403$735
20 years$3,059$2,474$1,985$1,582$1,253$630
21 years$2,883$2,304$1,826$1,436$1,121$540
22 years$2,722$2,151$1,683$1,305$1,005$464
23 years$2,577$2,012$1,554$1,189$902$398
24 years$2,443$1,885$1,437$1,084$811$343
25 years$2,320$1,769$1,331$990$730$295
26 years$2,207$1,662$1,234$905$657$254
27 years$2,103$1,564$1,146$829$593$219
28 years$2,006$1,474$1,065$759$535$189
29 years$1,916$1,391$991$696$483$163
30 years$1,832$1,313$924$639$436$140
31 years$1,754$1,242$861$587$394$121
32 years$1,680$1,175$803$539$357$104
33 years$1,612$1,113$750$496$323$90
34 years$1,547$1,054$701$456$292$78
35 years$1,487$1,000$655$420$265$67
36 years$1,429$949$613$387$240$58
37 years$1,375$902$574$356$217$50
38 years$1,324$857$537$329$197$43
39 years$1,276$815$503$303$179$37
40 years$1,230$775$472$279$162$32
41 years$1,187$738$442$258$147$28
42 years$1,146$703$415$238$133$24
43 years$1,107$670$389$220$121$21
44 years$1,069$638$366$203$110$18
45 years$1,034$609$343$187$100$16
46 years$1,000$581$322$173$91$13
47 years$968$554$303$160$82$12
48 years$937$529$285$148$75$10
49 years$907$505$267$136$68$9
50 years$879$482$251$126$62$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $900,000, adding $4,329 every year, while hoping to spend $42,655 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: 30/46/24 Blend
46$900,000$900,000$900,000$900,000
47$996,265$948,565$934,615$1,018,635
48$1,052,500$949,660$920,540$1,037,313
49$1,113,041$949,380$904,564$1,053,317
50$1,178,282$947,610$886,578$1,069,661
51$1,248,657$944,233$866,469$1,086,403
52$1,324,641$939,122$844,117$1,103,608
53$1,406,757$932,141$819,397$1,121,355
54$1,495,579$923,149$792,180$1,139,732
55$1,591,739$911,995$762,329$1,158,841
56$1,695,932$898,518$729,702$1,178,800
57$1,808,919$882,548$694,150$1,199,741
58$1,931,542$863,905$655,517$1,221,817
59$2,064,723$842,400$613,640$1,245,202
60$2,209,477$817,830$568,349$1,270,091
61$2,366,922$789,982$519,467$1,296,707
62$2,538,287$758,630$466,808$1,325,300
63$2,724,924$723,535$410,178$1,356,156
64$2,928,321$684,444$349,375$1,389,594
65$3,150,117$641,089$284,186$1,425,973
66$3,392,114$593,187$214,391$1,465,700
67$3,656,297$540,440$139,760$1,509,227
68$3,944,849$482,531$60,052$1,557,066
69$4,260,175$419,126$0$1,609,787
70$4,604,922$349,873$0$1,674,436
71$4,982,005$274,397$0$1,762,152
72$5,394,632$192,306$0$1,858,409
73$5,846,339$103,183$0$1,964,175
74$6,341,015$6,589$0$2,080,525
75$6,882,946$0$0$2,208,649
76$7,476,852$0$0$2,399,448
77$8,127,929$0$0$2,612,414
78$8,841,901$0$0$2,846,101
79$9,625,074$0$0$3,102,591
80$10,484,392$0$0$3,384,178
81$11,427,503$0$0$3,693,389
82$12,462,833$0$0$4,033,006
83$13,599,663$0$0$4,406,095
84$14,848,216$0$0$4,816,033
85$16,219,756$0$0$5,266,542
86$17,726,689$0$0$5,761,719
87$19,382,683$0$0$6,306,081
88$21,202,797$0$0$6,904,603
89$23,203,620$0$0$7,562,766
90$25,403,428$0$0$8,286,609
91$27,822,357$0$0$9,082,787
92$30,482,591$0$0$9,958,629
93$33,408,574$0$0$10,922,213
94$36,627,235$0$0$11,982,438
95$40,168,246$0$0$13,149,111
96$44,064,298$0$0$14,433,034
97$48,351,412$0$0$15,846,114
98$53,069,277$0$0$17,401,466
99$58,261,625$0$0$19,113,544
100$63,976,639$0$0$20,998,274