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%11.1%
1 years$74,321$73,659$73,013$72,383$71,767$71,435
2 years$36,793$36,107$35,443$34,799$34,175$33,839
3 years$24,285$23,597$22,934$22,296$21,682$21,354
4 years$18,032$17,346$16,690$16,063$15,464$15,145
5 years$14,281$13,599$12,952$12,338$11,755$11,448
6 years$11,782$11,105$10,467$9,867$9,302$9,005
7 years$9,997$9,326$8,698$8,112$7,565$7,279
8 years$8,659$7,994$7,377$6,805$6,276$6,002
9 years$7,619$6,960$6,354$5,796$5,285$5,022
10 years$6,787$6,135$5,539$4,997$4,503$4,251
11 years$6,108$5,462$4,877$4,348$3,873$3,632
12 years$5,541$4,902$4,328$3,814$3,356$3,126
13 years$5,063$4,430$3,867$3,367$2,927$2,707
14 years$4,653$4,027$3,474$2,989$2,565$2,356
15 years$4,298$3,679$3,137$2,666$2,259$2,060
16 years$3,987$3,375$2,844$2,387$1,996$1,807
17 years$3,714$3,108$2,588$2,145$1,770$1,590
18 years$3,471$2,872$2,362$1,933$1,574$1,403
19 years$3,254$2,662$2,163$1,746$1,403$1,241
20 years$3,059$2,474$1,985$1,582$1,253$1,100
21 years$2,883$2,304$1,826$1,436$1,121$977
22 years$2,722$2,151$1,683$1,305$1,005$868
23 years$2,577$2,012$1,554$1,189$902$773
24 years$2,443$1,885$1,437$1,084$811$689
25 years$2,320$1,769$1,331$990$730$615
26 years$2,207$1,662$1,234$905$657$549
27 years$2,103$1,564$1,146$829$593$491
28 years$2,006$1,474$1,065$759$535$439
29 years$1,916$1,391$991$696$483$393
30 years$1,832$1,313$924$639$436$352
31 years$1,754$1,242$861$587$394$316
32 years$1,680$1,175$803$539$357$283
33 years$1,612$1,113$750$496$323$254
34 years$1,547$1,054$701$456$292$228
35 years$1,487$1,000$655$420$265$204
36 years$1,429$949$613$387$240$183
37 years$1,375$902$574$356$217$165
38 years$1,324$857$537$329$197$148
39 years$1,276$815$503$303$179$133
40 years$1,230$775$472$279$162$119
41 years$1,187$738$442$258$147$107
42 years$1,146$703$415$238$133$96
43 years$1,107$670$389$220$121$87
44 years$1,069$638$366$203$110$78
45 years$1,034$609$343$187$100$70
46 years$1,000$581$322$173$91$63
47 years$968$554$303$160$82$57
48 years$937$529$285$148$75$51
49 years$907$505$267$136$68$46
50 years$879$482$251$126$62$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $900,000, adding $3,262 every year, while hoping to spend $57,199 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: 80/11/9 Blend
46$900,000$900,000$900,000$900,000
47$995,165$947,465$933,515$1,073,193
48$1,035,812$933,031$903,928$1,110,391
49$1,078,689$915,973$871,433$1,143,373
50$1,123,961$896,102$835,873$1,177,862
51$1,171,812$873,218$797,081$1,213,982
52$1,222,439$847,108$754,885$1,251,867
53$1,276,060$817,548$709,106$1,291,665
54$1,332,911$784,302$659,555$1,333,542
55$1,393,253$747,117$606,034$1,377,678
56$1,457,367$705,728$548,339$1,424,273
57$1,525,564$659,854$486,254$1,473,548
58$1,598,183$609,198$419,555$1,525,748
59$1,675,595$553,446$348,007$1,581,141
60$1,758,206$492,266$271,366$1,640,025
61$1,846,462$425,306$189,376$1,702,730
62$1,940,851$352,196$101,770$1,769,617
63$2,041,909$272,544$8,270$1,841,087
64$2,150,222$185,937$0$1,917,585
65$2,266,434$91,937$0$2,008,386
66$2,391,251$0$0$2,106,663
67$2,525,450$0$0$2,213,447
68$2,669,881$0$0$2,340,368
69$2,825,479$0$0$2,477,122
70$2,993,271$0$0$2,624,612
71$3,174,386$0$0$2,783,833
72$3,370,062$0$0$2,955,878
73$3,581,661$0$0$3,141,946
74$3,810,680$0$0$3,343,357
75$4,058,766$0$0$3,561,561
76$4,327,728$0$0$3,798,153
77$4,619,555$0$0$4,054,887
78$4,936,436$0$0$4,333,691
79$5,280,778$0$0$4,636,688
80$5,655,229$0$0$4,966,210
81$6,062,702$0$0$5,324,826
82$6,506,403$0$0$5,715,361
83$6,989,858$0$0$6,140,923
84$7,516,949$0$0$6,604,935
85$8,091,949$0$0$7,111,161
86$8,719,559$0$0$7,663,747
87$9,404,955$0$0$8,267,255
88$10,153,836$0$0$8,926,708
89$10,972,475$0$0$9,647,635
90$11,867,777$0$0$10,436,124
91$12,847,348$0$0$11,298,878
92$13,919,560$0$0$12,243,279
93$15,093,634$0$0$13,277,454
94$16,379,724$0$0$14,410,354
95$17,789,010$0$0$15,651,836
96$19,333,808$0$0$17,012,755
97$21,027,681$0$0$18,505,068
98$22,885,566$0$0$20,141,942
99$24,923,917$0$0$21,937,882
100$27,160,856$0$0$23,908,863