Can I retire at age 47 with 1,090,000?

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 $1,090,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$90,011$89,209$88,427$87,664$86,918$85,059
2 years$44,560$43,730$42,926$42,146$41,390$39,526
3 years$29,412$28,578$27,776$27,003$26,259$24,449
4 years$21,839$21,008$20,214$19,454$18,728$16,985
5 years$17,296$16,470$15,687$14,943$14,237$12,566
6 years$14,269$13,449$12,677$11,950$11,265$9,668
7 years$12,108$11,295$10,535$9,825$9,162$7,639
8 years$10,487$9,682$8,934$8,242$7,600$6,151
9 years$9,228$8,430$7,695$7,020$6,401$5,024
10 years$8,220$7,430$6,709$6,051$5,454$4,149
11 years$7,397$6,615$5,906$5,267$4,690$3,455
12 years$6,711$5,937$5,242$4,619$4,065$2,897
13 years$6,131$5,365$4,683$4,078$3,544$2,442
14 years$5,635$4,877$4,208$3,620$3,107$2,069
15 years$5,205$4,455$3,799$3,229$2,736$1,759
16 years$4,829$4,088$3,444$2,891$2,418$1,500
17 years$4,498$3,765$3,134$2,597$2,144$1,282
18 years$4,204$3,479$2,861$2,341$1,906$1,099
19 years$3,941$3,224$2,619$2,115$1,699$943
20 years$3,705$2,996$2,404$1,916$1,518$811
21 years$3,491$2,790$2,211$1,739$1,358$698
22 years$3,297$2,605$2,038$1,581$1,217$602
23 years$3,121$2,436$1,882$1,440$1,093$519
24 years$2,959$2,283$1,740$1,313$982$448
25 years$2,810$2,142$1,612$1,199$884$387
26 years$2,673$2,013$1,495$1,096$796$335
27 years$2,547$1,895$1,388$1,004$718$290
28 years$2,429$1,785$1,290$919$648$251
29 years$2,320$1,684$1,201$843$585$217
30 years$2,219$1,591$1,119$774$528$188
31 years$2,124$1,504$1,043$711$478$163
32 years$2,035$1,423$973$653$432$141
33 years$1,952$1,347$908$601$391$122
34 years$1,874$1,277$849$553$354$106
35 years$1,800$1,211$794$509$321$92
36 years$1,731$1,150$742$469$291$80
37 years$1,666$1,092$695$432$263$69
38 years$1,604$1,038$651$398$239$60
39 years$1,546$987$610$367$217$52
40 years$1,490$939$571$338$196$45
41 years$1,438$894$536$312$178$39
42 years$1,388$851$503$288$162$34
43 years$1,340$811$472$266$147$30
44 years$1,295$773$443$246$133$26
45 years$1,252$737$416$227$121$22
46 years$1,211$703$390$210$110$19
47 years$1,172$671$367$194$100$17
48 years$1,134$641$345$179$91$15
49 years$1,098$612$324$165$82$13
50 years$1,064$584$305$153$75$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,090,000, adding $2,251 every year, while hoping to spend $36,537 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: 31/47/22 Blend
46$1,090,000$1,090,000$1,090,000$1,090,000
47$1,203,502$1,145,732$1,128,837$1,232,540
48$1,287,384$1,162,998$1,127,778$1,272,023
49$1,378,598$1,179,885$1,125,459$1,311,058
50$1,477,852$1,196,336$1,121,799$1,352,322
51$1,585,927$1,212,291$1,116,713$1,396,034
52$1,703,682$1,227,684$1,110,114$1,442,433
53$1,832,061$1,242,444$1,101,906$1,491,787
54$1,972,106$1,256,498$1,091,994$1,544,393
55$2,124,959$1,269,766$1,080,275$1,600,579
56$2,291,883$1,282,162$1,066,642$1,660,709
57$2,474,263$1,293,596$1,050,983$1,725,188
58$2,673,627$1,303,971$1,033,180$1,794,463
59$2,891,656$1,313,185$1,013,111$1,869,030
60$3,130,202$1,321,128$990,647$1,949,437
61$3,391,303$1,327,684$965,654$2,036,294
62$3,677,204$1,332,728$937,991$2,130,274
63$3,990,376$1,336,129$907,511$2,232,124
64$4,333,542$1,337,747$874,060$2,342,669
65$4,709,699$1,337,432$837,477$2,462,823
66$5,122,149$1,335,028$797,594$2,593,600
67$5,574,530$1,330,365$754,234$2,736,117
68$6,070,845$1,323,267$707,215$2,891,615
69$6,615,508$1,313,544$656,343$3,061,463
70$7,213,378$1,300,995$601,418$3,247,178
71$7,869,808$1,285,409$542,231$3,450,436
72$8,590,694$1,266,560$478,562$3,673,091
73$9,382,534$1,244,210$410,182$3,917,192
74$10,252,482$1,218,106$336,853$4,185,006
75$11,208,421$1,187,980$258,324$4,479,036
76$12,259,038$1,153,548$174,336$4,802,051
77$13,413,899$1,114,512$84,615$5,157,109
78$14,683,546$1,070,552$0$5,547,592
79$16,079,592$1,021,333$0$5,979,846
80$17,614,832$966,500$0$6,476,751
81$19,303,362$905,676$0$7,023,052
82$21,160,715$838,464$0$7,623,860
83$23,204,003$764,444$0$8,284,813
84$25,452,081$683,171$0$9,012,131
85$27,925,722$594,175$0$9,812,681
86$30,647,817$496,961$0$10,694,035
87$33,643,586$391,004$0$11,664,552
88$36,940,819$275,750$0$12,733,451
89$40,570,136$150,615$0$13,910,902
90$44,565,276$14,981$0$15,208,128
91$48,963,415$0$0$16,637,506
92$53,805,517$0$0$18,280,858
93$59,136,721$0$0$20,098,948
94$65,006,763$0$0$22,101,016
95$71,470,449$0$0$24,305,783
96$78,588,171$0$0$26,733,876
97$86,426,474$0$0$29,408,024
98$95,058,687$0$0$32,353,276
99$104,565,612$0$0$35,597,230
100$115,036,288$0$0$39,170,302