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%17.3%
1 years$90,011$89,209$88,427$87,664$86,918$84,339
2 years$44,560$43,730$42,926$42,146$41,390$38,812
3 years$29,412$28,578$27,776$27,003$26,259$23,765
4 years$21,839$21,008$20,214$19,454$18,728$16,336
5 years$17,296$16,470$15,687$14,943$14,237$11,953
6 years$14,269$13,449$12,677$11,950$11,265$9,091
7 years$12,108$11,295$10,535$9,825$9,162$7,098
8 years$10,487$9,682$8,934$8,242$7,600$5,646
9 years$9,228$8,430$7,695$7,020$6,401$4,554
10 years$8,220$7,430$6,709$6,051$5,454$3,711
11 years$7,397$6,615$5,906$5,267$4,690$3,049
12 years$6,711$5,937$5,242$4,619$4,065$2,522
13 years$6,131$5,365$4,683$4,078$3,544$2,097
14 years$5,635$4,877$4,208$3,620$3,107$1,750
15 years$5,205$4,455$3,799$3,229$2,736$1,466
16 years$4,829$4,088$3,444$2,891$2,418$1,232
17 years$4,498$3,765$3,134$2,597$2,144$1,037
18 years$4,204$3,479$2,861$2,341$1,906$875
19 years$3,941$3,224$2,619$2,115$1,699$739
20 years$3,705$2,996$2,404$1,916$1,518$626
21 years$3,491$2,790$2,211$1,739$1,358$530
22 years$3,297$2,605$2,038$1,581$1,217$449
23 years$3,121$2,436$1,882$1,440$1,093$381
24 years$2,959$2,283$1,740$1,313$982$324
25 years$2,810$2,142$1,612$1,199$884$275
26 years$2,673$2,013$1,495$1,096$796$234
27 years$2,547$1,895$1,388$1,004$718$199
28 years$2,429$1,785$1,290$919$648$169
29 years$2,320$1,684$1,201$843$585$144
30 years$2,219$1,591$1,119$774$528$123
31 years$2,124$1,504$1,043$711$478$104
32 years$2,035$1,423$973$653$432$89
33 years$1,952$1,347$908$601$391$76
34 years$1,874$1,277$849$553$354$65
35 years$1,800$1,211$794$509$321$55
36 years$1,731$1,150$742$469$291$47
37 years$1,666$1,092$695$432$263$40
38 years$1,604$1,038$651$398$239$34
39 years$1,546$987$610$367$217$29
40 years$1,490$939$571$338$196$25
41 years$1,438$894$536$312$178$21
42 years$1,388$851$503$288$162$18
43 years$1,340$811$472$266$147$15
44 years$1,295$773$443$246$133$13
45 years$1,252$737$416$227$121$11
46 years$1,211$703$390$210$110$9
47 years$1,172$671$367$194$100$8
48 years$1,134$641$345$179$91$7
49 years$1,098$612$324$165$82$6
50 years$1,064$584$305$153$75$5

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 $4,110 every year, while hoping to spend $34,210 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: 57/24/19 Blend
46$1,090,000$1,090,000$1,090,000$1,090,000
47$1,205,419$1,147,649$1,130,754$1,267,822
48$1,291,973$1,167,485$1,132,236$1,330,573
49$1,386,209$1,187,146$1,132,620$1,394,879
50$1,488,873$1,206,588$1,131,834$1,464,198
51$1,600,790$1,225,762$1,129,802$1,539,018
52$1,722,864$1,244,618$1,126,444$1,619,882
53$1,856,091$1,263,099$1,121,675$1,707,382
54$2,001,569$1,281,148$1,115,407$1,802,178
55$2,160,504$1,298,699$1,107,549$1,904,992
56$2,334,226$1,315,686$1,098,002$2,016,625
57$2,524,199$1,332,036$1,086,666$2,137,956
58$2,732,032$1,347,671$1,073,435$2,269,959
59$2,959,502$1,362,509$1,058,197$2,413,704
60$3,208,560$1,376,461$1,040,836$2,570,374
61$3,481,359$1,389,433$1,021,230$2,741,273
62$3,780,267$1,401,325$999,251$2,927,838
63$4,107,894$1,412,030$974,766$3,131,656
64$4,467,114$1,421,434$947,634$3,354,475
65$4,861,090$1,429,415$917,711$3,598,224
66$5,293,309$1,435,844$884,842$3,865,031
67$5,767,611$1,440,585$848,869$4,157,241
68$6,288,225$1,443,491$809,624$4,477,443
69$6,859,810$1,444,408$766,931$4,828,488
70$7,487,497$1,443,170$720,610$5,213,523
71$8,176,939$1,439,603$670,468$5,636,019
72$8,934,365$1,433,522$616,307$6,099,800
73$9,766,635$1,424,729$557,918$6,609,087
74$10,681,306$1,413,016$495,083$7,168,531
75$11,686,707$1,398,160$427,575$7,783,263
76$12,792,008$1,379,928$355,157$8,458,939
77$14,007,319$1,358,070$277,580$9,201,796
78$15,343,772$1,332,322$194,586$10,018,711
79$16,813,637$1,302,406$105,905$10,917,268
80$18,430,429$1,268,025$11,253$11,905,827
81$20,209,041$1,228,866$0$12,993,605
82$22,165,880$1,184,597$0$14,208,962
83$24,319,025$1,134,869$0$15,548,523
84$26,688,397$1,079,308$0$17,022,425
85$29,295,942$1,017,523$0$18,644,353
86$32,165,846$949,099$0$20,429,394
87$35,324,753$873,596$0$22,394,173
88$38,802,025$790,550$0$24,557,018
89$42,630,015$699,470$0$26,938,126
90$46,844,371$599,838$0$29,559,757
91$51,484,373$491,107$0$32,446,447
92$56,593,305$372,696$0$35,625,237
93$62,218,859$243,996$0$39,125,932
94$68,413,591$104,360$0$42,981,380
95$75,235,410$0$0$47,227,785
96$82,748,129$0$0$51,917,432
97$91,022,065$0$0$57,112,732
98$100,134,701$0$0$62,834,795
99$110,171,421$0$0$69,137,250
100$121,226,310$0$0$76,079,194