Can I retire at age 47 with 1,100,000?

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 $1,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$90,837$90,028$89,238$88,468$87,716$86,655
2 years$44,969$44,131$43,320$42,533$41,769$40,702
3 years$29,681$28,840$28,031$27,251$26,500$25,460
4 years$22,039$21,201$20,399$19,633$18,900$17,894
5 years$17,455$16,622$15,831$15,080$14,368$13,399
6 years$14,400$13,573$12,793$12,060$11,369$10,438
7 years$12,219$11,398$10,631$9,915$9,246$8,354
8 years$10,583$9,771$9,016$8,317$7,670$6,818
9 years$9,312$8,507$7,766$7,084$6,459$5,645
10 years$8,296$7,499$6,770$6,107$5,504$4,727
11 years$7,465$6,675$5,960$5,315$4,733$3,994
12 years$6,773$5,992$5,290$4,662$4,102$3,399
13 years$6,188$5,415$4,726$4,116$3,577$2,910
14 years$5,687$4,922$4,246$3,653$3,135$2,503
15 years$5,253$4,496$3,834$3,258$2,761$2,161
16 years$4,873$4,125$3,476$2,917$2,440$1,873
17 years$4,539$3,799$3,163$2,621$2,163$1,628
18 years$4,242$3,510$2,887$2,362$1,924$1,418
19 years$3,977$3,253$2,643$2,135$1,715$1,238
20 years$3,739$3,023$2,426$1,933$1,531$1,083
21 years$3,523$2,816$2,231$1,755$1,371$949
22 years$3,327$2,629$2,057$1,595$1,228$832
23 years$3,149$2,459$1,899$1,453$1,103$731
24 years$2,986$2,304$1,756$1,325$991$643
25 years$2,836$2,162$1,627$1,210$892$566
26 years$2,698$2,032$1,509$1,106$803$498
27 years$2,570$1,912$1,401$1,013$724$439
28 years$2,452$1,802$1,302$928$654$387
29 years$2,342$1,700$1,212$851$590$341
30 years$2,239$1,605$1,129$781$533$301
31 years$2,143$1,517$1,052$717$482$266
32 years$2,054$1,436$982$659$436$235
33 years$1,970$1,360$917$606$395$208
34 years$1,891$1,289$857$558$357$184
35 years$1,817$1,222$801$513$324$162
36 years$1,747$1,160$749$473$293$144
37 years$1,681$1,102$701$436$266$127
38 years$1,619$1,047$657$402$241$112
39 years$1,560$996$615$370$218$99
40 years$1,504$947$577$342$198$88
41 years$1,451$902$541$315$180$78
42 years$1,400$859$507$291$163$69
43 years$1,353$818$476$268$148$61
44 years$1,307$780$447$248$134$54
45 years$1,264$744$419$229$122$48
46 years$1,222$710$394$211$111$42
47 years$1,183$677$370$195$101$37
48 years$1,145$646$348$180$91$33
49 years$1,109$617$327$167$83$29
50 years$1,074$590$307$154$75$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,100,000, adding $6,749 every year, while hoping to spend $21,404 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: 24/50/26 Blend
46$1,100,000$1,100,000$1,100,000$1,100,000
47$1,219,162$1,160,862$1,143,812$1,238,268
48$1,320,742$1,194,970$1,159,356$1,288,916
49$1,431,967$1,230,033$1,174,703$1,340,888
50$1,553,797$1,266,073$1,189,824$1,396,119
51$1,687,290$1,303,116$1,204,689$1,454,893
52$1,833,612$1,341,188$1,219,265$1,517,522
53$1,994,046$1,380,312$1,233,516$1,584,351
54$2,170,007$1,420,516$1,247,408$1,655,758
55$2,363,053$1,461,826$1,260,900$1,732,157
56$2,574,897$1,504,268$1,273,954$1,814,005
57$2,807,430$1,547,871$1,286,525$1,901,806
58$3,062,734$1,592,662$1,298,569$1,996,113
59$3,343,100$1,638,670$1,310,038$2,097,534
60$3,651,054$1,685,923$1,320,883$2,206,738
61$3,989,379$1,734,450$1,331,049$2,324,463
62$4,361,139$1,784,282$1,340,483$2,451,520
63$4,769,712$1,835,448$1,349,126$2,588,802
64$5,218,816$1,887,979$1,356,916$2,737,292
65$5,712,551$1,941,906$1,363,788$2,898,075
66$6,255,432$1,997,260$1,369,675$3,072,341
67$6,852,433$2,054,072$1,374,506$3,261,404
68$7,509,034$2,112,375$1,378,205$3,466,711
69$8,231,275$2,172,201$1,380,695$3,689,853
70$9,025,809$2,233,582$1,381,892$3,932,587
71$9,899,966$2,296,552$1,381,709$4,196,845
72$10,861,823$2,361,144$1,380,057$4,484,755
73$11,920,279$2,427,390$1,376,839$4,798,665
74$13,085,140$2,495,324$1,371,956$5,141,156
75$14,367,210$2,564,981$1,365,302$5,515,078
76$15,778,394$2,636,394$1,356,768$5,923,566
77$17,331,809$2,709,596$1,346,239$6,370,077
78$19,041,909$2,784,622$1,333,593$6,858,419
79$20,924,621$2,861,505$1,318,705$7,392,788
80$22,997,492$2,940,279$1,301,442$7,977,808
81$25,279,861$3,020,978$1,281,666$8,618,573
82$27,793,036$3,103,634$1,259,230$9,320,697
83$30,560,495$3,188,282$1,233,984$10,090,367
84$33,608,111$3,274,953$1,205,768$10,934,400
85$36,964,393$3,363,680$1,174,415$11,860,309
86$40,660,755$3,454,495$1,139,753$12,876,371
87$44,731,815$3,547,428$1,101,598$13,991,711
88$49,215,719$3,642,511$1,059,760$15,216,381
89$54,154,501$3,739,772$1,014,040$16,561,461
90$59,594,480$3,839,241$964,230$18,039,162
91$65,586,698$3,940,945$910,113$19,662,937
92$72,187,399$4,044,909$851,460$21,447,617
93$79,458,565$4,151,161$788,035$23,409,542
94$87,468,493$4,259,722$719,588$25,566,723
95$96,292,445$4,370,615$645,861$27,939,007
96$106,013,360$4,483,860$566,582$30,548,266
97$116,722,628$4,599,475$481,468$33,418,606
98$128,520,963$4,717,476$390,225$36,576,592
99$141,519,346$4,837,877$292,542$40,051,502
100$155,840,076$4,960,689$188,098$43,875,599