Can I retire at age 47 with 910,000?

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 $910,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$75,147$74,478$73,825$73,187$72,565$70,298
2 years$37,201$36,509$35,837$35,186$34,555$32,291
3 years$24,555$23,859$23,189$22,544$21,923$19,734
4 years$18,232$17,539$16,876$16,242$15,636$13,537
5 years$14,440$13,751$13,096$12,475$11,886$9,884
6 years$11,913$11,228$10,584$9,977$9,405$7,502
7 years$10,108$9,430$8,795$8,202$7,649$5,844
8 years$8,755$8,083$7,459$6,881$6,345$4,637
9 years$7,704$7,038$6,424$5,861$5,344$3,731
10 years$6,863$6,203$5,601$5,052$4,553$3,033
11 years$6,175$5,522$4,931$4,397$3,916$2,486
12 years$5,603$4,957$4,376$3,857$3,393$2,050
13 years$5,119$4,479$3,910$3,405$2,959$1,700
14 years$4,704$4,072$3,513$3,022$2,594$1,415
15 years$4,345$3,719$3,172$2,695$2,284$1,182
16 years$4,032$3,413$2,876$2,413$2,019$990
17 years$3,755$3,143$2,617$2,168$1,790$831
18 years$3,510$2,904$2,389$1,954$1,591$699
19 years$3,290$2,692$2,187$1,766$1,418$589
20 years$3,093$2,501$2,007$1,599$1,267$497
21 years$2,915$2,330$1,846$1,451$1,134$420
22 years$2,753$2,175$1,701$1,320$1,016$355
23 years$2,605$2,034$1,571$1,202$912$300
24 years$2,470$1,906$1,453$1,096$820$254
25 years$2,346$1,788$1,346$1,001$738$215
26 years$2,232$1,681$1,248$915$665$182
27 years$2,126$1,582$1,159$838$599$155
28 years$2,028$1,491$1,077$768$541$131
29 years$1,937$1,406$1,003$704$488$111
30 years$1,852$1,328$934$646$441$94
31 years$1,773$1,255$871$593$399$80
32 years$1,699$1,188$812$545$361$68
33 years$1,630$1,125$758$501$326$58
34 years$1,564$1,066$709$461$296$49
35 years$1,503$1,011$662$425$268$42
36 years$1,445$960$620$391$243$35
37 years$1,391$912$580$360$220$30
38 years$1,339$866$543$332$199$25
39 years$1,290$824$509$306$181$22
40 years$1,244$784$477$283$164$18
41 years$1,200$746$447$261$149$16
42 years$1,159$711$420$241$135$13
43 years$1,119$677$394$222$122$11
44 years$1,081$645$370$205$111$10
45 years$1,045$615$347$189$101$8
46 years$1,011$587$326$175$92$7
47 years$978$560$306$162$83$6
48 years$947$535$288$149$76$5
49 years$917$511$270$138$69$4
50 years$888$488$254$128$62$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $910,000, adding $3,375 every year, while hoping to spend $31,268 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: 31/39/30 Blend
46$910,000$910,000$910,000$910,000
47$1,006,301$958,071$943,966$1,028,194
48$1,075,675$971,748$942,320$1,059,212
49$1,151,077$985,047$939,571$1,089,623
50$1,233,089$997,916$935,649$1,121,755
51$1,322,351$1,010,301$930,480$1,155,781
52$1,419,568$1,022,143$923,988$1,191,893
53$1,525,515$1,033,378$916,092$1,230,307
54$1,641,044$1,043,941$906,708$1,271,261
55$1,767,095$1,053,758$895,748$1,315,017
56$1,904,701$1,062,755$883,118$1,361,870
57$2,055,000$1,070,849$868,721$1,412,144
58$2,219,244$1,077,955$852,457$1,466,202
59$2,398,812$1,083,979$834,220$1,524,443
60$2,595,221$1,088,825$813,897$1,587,311
61$2,810,144$1,092,388$791,373$1,655,300
62$3,045,421$1,094,557$766,526$1,728,954
63$3,303,078$1,095,215$739,229$1,808,879
64$3,585,348$1,094,236$709,349$1,895,744
65$3,894,687$1,091,488$676,746$1,990,293
66$4,233,804$1,086,829$641,276$2,093,346
67$4,605,679$1,080,111$602,786$2,205,815
68$5,013,597$1,071,175$561,117$2,328,708
69$5,461,173$1,059,852$516,104$2,463,138
70$5,952,392$1,045,964$467,573$2,610,342
71$6,491,642$1,029,322$415,343$2,771,684
72$7,083,757$1,009,726$359,224$2,948,676
73$7,734,062$986,964$299,019$3,142,989
74$8,448,422$960,811$234,522$3,356,470
75$9,233,300$931,030$165,518$3,591,164
76$10,095,814$897,368$91,780$3,849,329
77$11,043,807$859,559$13,075$4,133,464
78$12,085,920$817,322$0$4,446,328
79$13,231,670$770,357$0$4,813,674
80$14,491,547$718,351$0$5,222,114
81$15,877,103$660,969$0$5,671,267
82$17,401,070$597,858$0$6,165,339
83$19,077,473$528,648$0$6,708,967
84$20,921,767$452,943$0$7,307,269
85$22,950,978$370,328$0$7,965,892
86$25,183,866$280,363$0$8,691,063
87$27,641,104$182,584$0$9,489,653
88$30,345,468$76,502$0$10,369,243
89$33,322,053$0$0$11,338,193
90$36,598,512$0$0$12,422,205
91$40,205,315$0$0$13,651,822
92$44,176,035$0$0$15,005,682
93$48,547,667$0$0$16,496,418
94$53,360,974$0$0$18,137,954
95$58,660,873$0$0$19,945,632
96$64,496,860$0$0$21,936,358
97$70,923,474$0$0$24,128,760
98$78,000,813$0$0$26,543,367
99$85,795,100$0$0$29,202,798
100$94,379,306$0$0$32,131,980