Can I retire at age 47 with 975,000?

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 $975,000?

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$80,515$79,797$79,098$78,415$77,748$75,319
2 years$39,859$39,116$38,397$37,699$37,023$34,598
3 years$26,309$25,563$24,845$24,154$23,489$21,143
4 years$19,535$18,791$18,081$17,402$16,752$14,504
5 years$15,472$14,733$14,032$13,366$12,735$10,590
6 years$12,764$12,030$11,340$10,689$10,077$8,038
7 years$10,830$10,103$9,423$8,788$8,195$6,261
8 years$9,381$8,660$7,992$7,372$6,799$4,969
9 years$8,254$7,540$6,883$6,279$5,725$3,997
10 years$7,353$6,646$6,001$5,413$4,878$3,250
11 years$6,617$5,917$5,283$4,711$4,196$2,663
12 years$6,003$5,311$4,689$4,132$3,636$2,197
13 years$5,485$4,799$4,189$3,648$3,170$1,821
14 years$5,040$4,362$3,764$3,238$2,779$1,516
15 years$4,656$3,985$3,398$2,888$2,447$1,267
16 years$4,320$3,656$3,081$2,586$2,163$1,061
17 years$4,023$3,367$2,804$2,323$1,918$891
18 years$3,760$3,112$2,559$2,094$1,705$749
19 years$3,525$2,884$2,343$1,892$1,520$631
20 years$3,314$2,680$2,150$1,714$1,357$533
21 years$3,123$2,496$1,978$1,555$1,215$450
22 years$2,949$2,330$1,823$1,414$1,089$380
23 years$2,791$2,179$1,683$1,288$977$322
24 years$2,647$2,042$1,557$1,174$879$272
25 years$2,514$1,916$1,442$1,073$791$231
26 years$2,391$1,801$1,337$981$712$195
27 years$2,278$1,695$1,242$898$642$166
28 years$2,173$1,597$1,154$822$579$141
29 years$2,076$1,507$1,074$754$523$119
30 years$1,985$1,423$1,000$692$473$101
31 years$1,900$1,345$933$636$427$86
32 years$1,820$1,273$870$584$387$73
33 years$1,746$1,205$813$537$350$62
34 years$1,676$1,142$759$494$317$53
35 years$1,610$1,083$710$455$287$45
36 years$1,549$1,028$664$419$260$38
37 years$1,490$977$622$386$236$32
38 years$1,435$928$582$356$214$27
39 years$1,383$883$545$328$194$23
40 years$1,333$840$511$303$176$20
41 years$1,286$799$479$279$159$17
42 years$1,241$761$450$258$145$14
43 years$1,199$725$422$238$131$12
44 years$1,158$691$396$220$119$10
45 years$1,120$659$372$203$108$9
46 years$1,083$629$349$187$98$7
47 years$1,048$600$328$173$89$6
48 years$1,015$573$308$160$81$5
49 years$983$547$290$148$74$5
50 years$952$523$272$137$67$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $975,000, adding $3,773 every year, while hoping to spend $22,757 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: 66/25/9 Blend
46$975,000$975,000$975,000$975,000
47$1,078,342$1,026,667$1,011,554$1,147,311
48$1,164,119$1,052,760$1,021,228$1,219,763
49$1,257,884$1,079,370$1,030,463$1,295,860
50$1,360,425$1,106,496$1,039,221$1,378,434
51$1,472,614$1,134,140$1,047,461$1,468,114
52$1,595,409$1,162,301$1,055,139$1,565,594
53$1,729,866$1,190,979$1,062,212$1,671,637
54$1,877,147$1,220,172$1,068,630$1,787,084
55$2,038,532$1,249,876$1,074,345$1,912,860
56$2,215,431$1,280,088$1,079,304$2,049,984
57$2,409,395$1,310,803$1,083,451$2,199,580
58$2,622,136$1,342,015$1,086,729$2,362,884
59$2,855,536$1,373,716$1,089,077$2,541,259
60$3,111,670$1,405,898$1,090,431$2,736,204
61$3,392,823$1,438,550$1,090,723$2,949,374
62$3,701,513$1,471,660$1,089,884$3,182,590
63$4,040,511$1,505,215$1,087,839$3,437,857
64$4,412,873$1,539,200$1,084,511$3,717,386
65$4,821,963$1,573,598$1,079,819$4,023,613
66$5,271,487$1,608,389$1,073,677$4,359,221
67$5,765,531$1,643,551$1,065,997$4,727,165
68$6,308,591$1,679,062$1,056,684$5,130,704
69$6,905,626$1,714,894$1,045,642$5,573,427
70$7,562,095$1,751,019$1,032,766$6,059,287
71$8,284,015$1,787,406$1,017,950$6,592,643
72$9,078,015$1,824,019$1,001,082$7,178,296
73$9,951,397$1,860,820$982,042$7,821,537
74$10,912,208$1,897,769$960,709$8,528,196
75$11,969,313$1,934,819$936,953$9,304,697
76$13,132,481$1,971,923$910,638$10,158,121
77$14,412,474$2,009,028$881,625$11,096,268
78$15,821,152$2,046,075$849,765$12,127,734
79$17,371,580$2,083,004$814,903$13,261,994
80$19,078,158$2,119,748$776,879$14,509,486
81$20,956,749$2,156,235$735,523$15,881,715
82$23,024,834$2,192,387$690,660$17,391,357
83$25,301,674$2,228,121$642,104$19,052,384
84$27,808,494$2,263,347$589,663$20,880,191
85$30,568,679$2,297,971$533,136$22,891,744
86$33,608,001$2,331,887$472,313$25,105,739
87$36,954,855$2,364,988$406,973$27,542,780
88$40,640,531$2,397,153$336,888$30,225,574
89$44,699,509$2,428,258$261,818$33,179,143
90$49,169,783$2,458,167$181,512$36,431,061
91$54,093,219$2,486,735$95,711$40,011,717
92$59,515,951$2,513,808$4,141$43,954,600
93$65,488,816$2,539,223$0$48,296,616
94$72,067,835$2,562,804$0$53,087,421
95$79,314,736$2,584,364$0$58,363,858
96$87,297,545$2,603,703$0$64,174,952
97$96,091,220$2,620,611$0$70,575,167
98$105,778,364$2,634,860$0$77,624,521
99$116,450,001$2,646,212$0$85,389,156
100$128,206,436$2,654,411$0$93,941,957