Can I retire at age 47 with 925,000?

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 $925,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$76,386$75,705$75,041$74,393$73,761$72,272
2 years$37,815$37,110$36,428$35,766$35,124$33,630
3 years$24,959$24,252$23,571$22,916$22,284$20,832
4 years$18,533$17,828$17,154$16,509$15,893$14,495
5 years$14,678$13,977$13,312$12,681$12,082$10,740
6 years$12,109$11,413$10,758$10,141$9,560$8,277
7 years$10,275$9,585$8,940$8,337$7,775$6,551
8 years$8,900$8,216$7,582$6,994$6,450$5,284
9 years$7,831$7,154$6,530$5,957$5,432$4,324
10 years$6,976$6,306$5,693$5,135$4,628$3,577
11 years$6,277$5,613$5,012$4,469$3,980$2,985
12 years$5,695$5,038$4,448$3,920$3,449$2,507
13 years$5,203$4,553$3,974$3,461$3,008$2,118
14 years$4,782$4,139$3,571$3,072$2,637$1,798
15 years$4,417$3,781$3,224$2,740$2,322$1,531
16 years$4,098$3,469$2,923$2,453$2,052$1,309
17 years$3,817$3,195$2,660$2,204$1,819$1,121
18 years$3,567$2,952$2,428$1,986$1,618$963
19 years$3,344$2,736$2,223$1,795$1,442$828
20 years$3,144$2,542$2,040$1,626$1,288$714
21 years$2,963$2,368$1,876$1,475$1,152$616
22 years$2,798$2,211$1,729$1,341$1,033$532
23 years$2,648$2,067$1,597$1,222$927$460
24 years$2,511$1,937$1,477$1,114$833$398
25 years$2,385$1,818$1,368$1,018$750$345
26 years$2,269$1,708$1,269$930$676$299
27 years$2,161$1,608$1,178$852$609$259
28 years$2,062$1,515$1,095$780$550$225
29 years$1,969$1,429$1,019$716$496$195
30 years$1,883$1,350$949$657$448$170
31 years$1,802$1,276$885$603$405$147
32 years$1,727$1,207$826$554$367$128
33 years$1,657$1,143$771$510$332$111
34 years$1,590$1,084$720$469$300$97
35 years$1,528$1,028$673$432$272$84
36 years$1,469$976$630$398$247$73
37 years$1,414$927$590$366$223$64
38 years$1,361$881$552$338$203$55
39 years$1,312$837$517$311$184$48
40 years$1,265$797$485$287$167$42
41 years$1,220$758$455$265$151$36
42 years$1,178$722$426$245$137$32
43 years$1,137$688$400$226$125$28
44 years$1,099$656$376$208$113$24
45 years$1,062$626$353$192$103$21
46 years$1,028$597$331$178$93$18
47 years$994$569$311$164$85$16
48 years$963$544$292$152$77$14
49 years$932$519$275$140$70$12
50 years$903$496$258$130$63$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $925,000, adding $4,670 every year, while hoping to spend $21,416 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: 56/21/23 Blend
46$925,000$925,000$925,000$925,000
47$1,024,167$975,142$960,805$1,074,874
48$1,105,846$1,000,138$970,205$1,135,094
49$1,195,138$1,025,640$979,203$1,198,009
50$1,292,797$1,051,652$987,761$1,266,096
51$1,399,654$1,078,174$995,843$1,339,861
52$1,516,623$1,105,209$1,003,408$1,419,857
53$1,644,710$1,132,756$1,010,413$1,506,697
54$1,785,023$1,160,814$1,016,815$1,601,053
55$1,938,784$1,189,382$1,022,567$1,703,667
56$2,107,337$1,218,459$1,027,620$1,815,358
57$2,292,162$1,248,040$1,031,922$1,937,026
58$2,494,891$1,278,122$1,035,420$2,069,663
59$2,717,319$1,308,699$1,038,055$2,214,364
60$2,961,425$1,339,765$1,039,770$2,372,333
61$3,229,389$1,371,312$1,040,500$2,544,900
62$3,523,610$1,403,330$1,040,181$2,733,528
63$3,846,734$1,435,809$1,038,743$2,939,831
64$4,201,674$1,468,737$1,036,114$3,165,586
65$4,591,639$1,502,099$1,032,218$3,412,753
66$5,020,164$1,535,880$1,026,975$3,683,491
67$5,491,145$1,570,062$1,020,303$3,980,181
68$6,008,871$1,604,625$1,012,112$4,305,444
69$6,578,071$1,639,546$1,002,313$4,662,173
70$7,203,953$1,674,802$990,809$5,053,552
71$7,892,254$1,710,366$977,499$5,483,094
72$8,649,298$1,746,207$962,279$5,954,668
73$9,482,049$1,782,294$945,038$6,472,540
74$10,398,182$1,818,590$925,661$7,041,411
75$11,406,152$1,855,058$904,027$7,666,461
76$12,515,278$1,891,654$880,010$8,353,402
77$13,735,824$1,928,332$853,478$9,108,527
78$15,079,101$1,965,044$824,292$9,938,773
79$16,557,573$2,001,734$792,309$10,851,784
80$18,184,971$2,038,345$757,377$11,855,986
81$19,976,428$2,074,813$719,339$12,960,667
82$21,948,615$2,111,071$678,029$14,176,061
83$24,119,906$2,147,045$633,275$15,513,449
84$26,510,542$2,182,657$584,896$16,985,263
85$29,142,832$2,217,821$532,704$18,605,207
86$32,041,354$2,252,447$476,502$20,388,381
87$35,233,192$2,286,438$416,086$22,351,430
88$38,748,192$2,319,688$351,239$24,512,698
89$42,619,241$2,352,085$281,739$26,892,402
90$46,882,576$2,383,510$207,350$29,512,824
91$51,578,131$2,413,835$127,828$32,398,520
92$56,749,909$2,442,921$42,919$35,576,557
93$62,446,399$2,470,623$0$39,076,761
94$68,721,033$2,496,785$0$42,943,711
95$75,632,690$2,521,239$0$47,213,934
96$83,246,253$2,543,808$0$51,916,886
97$91,633,218$2,564,302$0$57,096,647
98$100,872,373$2,582,520$0$62,801,795
99$111,050,538$2,598,246$0$69,085,858
100$122,263,384$2,611,252$0$76,007,827