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%13.5%
1 years$90,837$90,028$89,238$88,468$87,716$86,440
2 years$44,969$44,131$43,320$42,533$41,769$40,487
3 years$29,681$28,840$28,031$27,251$26,500$25,251
4 years$22,039$21,201$20,399$19,633$18,900$17,694
5 years$17,455$16,622$15,831$15,080$14,368$13,207
6 years$14,400$13,573$12,793$12,060$11,369$10,256
7 years$12,219$11,398$10,631$9,915$9,246$8,181
8 years$10,583$9,771$9,016$8,317$7,670$6,653
9 years$9,312$8,507$7,766$7,084$6,459$5,489
10 years$8,296$7,499$6,770$6,107$5,504$4,580
11 years$7,465$6,675$5,960$5,315$4,733$3,855
12 years$6,773$5,992$5,290$4,662$4,102$3,268
13 years$6,188$5,415$4,726$4,116$3,577$2,787
14 years$5,687$4,922$4,246$3,653$3,135$2,388
15 years$5,253$4,496$3,834$3,258$2,761$2,054
16 years$4,873$4,125$3,476$2,917$2,440$1,772
17 years$4,539$3,799$3,163$2,621$2,163$1,534
18 years$4,242$3,510$2,887$2,362$1,924$1,331
19 years$3,977$3,253$2,643$2,135$1,715$1,157
20 years$3,739$3,023$2,426$1,933$1,531$1,007
21 years$3,523$2,816$2,231$1,755$1,371$878
22 years$3,327$2,629$2,057$1,595$1,228$767
23 years$3,149$2,459$1,899$1,453$1,103$671
24 years$2,986$2,304$1,756$1,325$991$587
25 years$2,836$2,162$1,627$1,210$892$514
26 years$2,698$2,032$1,509$1,106$803$450
27 years$2,570$1,912$1,401$1,013$724$395
28 years$2,452$1,802$1,302$928$654$347
29 years$2,342$1,700$1,212$851$590$304
30 years$2,239$1,605$1,129$781$533$267
31 years$2,143$1,517$1,052$717$482$235
32 years$2,054$1,436$982$659$436$206
33 years$1,970$1,360$917$606$395$182
34 years$1,891$1,289$857$558$357$160
35 years$1,817$1,222$801$513$324$140
36 years$1,747$1,160$749$473$293$124
37 years$1,681$1,102$701$436$266$109
38 years$1,619$1,047$657$402$241$96
39 years$1,560$996$615$370$218$84
40 years$1,504$947$577$342$198$74
41 years$1,451$902$541$315$180$65
42 years$1,400$859$507$291$163$57
43 years$1,353$818$476$268$148$51
44 years$1,307$780$447$248$134$45
45 years$1,264$744$419$229$122$39
46 years$1,222$710$394$211$111$35
47 years$1,183$677$370$195$101$30
48 years$1,145$646$348$180$91$27
49 years$1,109$617$327$167$83$24
50 years$1,074$590$307$154$75$21

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 $5,127 every year, while hoping to spend $22,101 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: 76/14/10 Blend
46$1,100,000$1,100,000$1,100,000$1,100,000
47$1,217,489$1,159,189$1,142,139$1,307,485
48$1,318,157$1,192,473$1,156,885$1,400,737
49$1,428,353$1,226,649$1,171,384$1,499,610
50$1,549,025$1,261,734$1,185,606$1,607,365
51$1,681,217$1,297,751$1,199,515$1,724,875
52$1,826,080$1,334,720$1,213,078$1,853,103
53$1,984,881$1,372,661$1,226,256$1,993,109
54$2,159,014$1,411,597$1,239,011$2,146,061
55$2,350,016$1,451,548$1,251,301$2,313,245
56$2,559,581$1,492,537$1,263,082$2,496,077
57$2,789,571$1,534,584$1,274,309$2,696,118
58$3,042,042$1,577,713$1,284,932$2,915,085
59$3,319,254$1,621,945$1,294,902$3,154,870
60$3,623,700$1,667,303$1,304,163$3,417,560
61$3,958,125$1,713,808$1,312,660$3,705,449
62$4,325,553$1,761,484$1,320,333$4,021,069
63$4,729,314$1,810,352$1,327,120$4,367,206
64$5,173,080$1,860,435$1,332,954$4,746,931
65$5,660,894$1,911,755$1,337,767$5,163,626
66$6,197,209$1,964,336$1,341,487$5,621,017
67$6,786,934$2,018,198$1,344,036$6,123,211
68$7,435,476$2,073,364$1,345,336$6,674,731
69$8,148,792$2,129,856$1,345,302$7,280,561
70$8,933,445$2,187,695$1,343,846$7,946,192
71$9,796,667$2,246,903$1,340,876$8,677,675
72$10,746,427$2,307,501$1,336,294$9,481,675
73$11,791,502$2,369,508$1,330,000$10,365,540
74$12,941,567$2,432,946$1,321,887$11,337,361
75$14,207,279$2,497,833$1,311,842$12,406,057
76$15,600,383$2,564,188$1,299,750$13,581,455
77$17,133,818$2,632,029$1,285,488$14,874,381
78$18,821,842$2,701,373$1,268,927$16,296,768
79$20,680,167$2,772,238$1,249,933$17,861,761
80$22,726,104$2,844,637$1,228,365$19,583,847
81$24,978,728$2,918,585$1,204,077$21,478,990
82$27,459,058$2,994,096$1,176,913$23,564,779
83$30,190,255$3,071,180$1,146,714$25,860,597
84$33,197,842$3,149,849$1,113,309$28,387,804
85$36,509,940$3,230,109$1,076,523$31,169,936
86$40,157,538$3,311,969$1,036,171$34,232,929
87$44,174,785$3,395,433$992,060$37,605,363
88$48,599,307$3,480,504$943,989$41,318,733
89$53,472,570$3,567,182$891,746$45,407,743
90$58,840,264$3,655,465$835,111$49,910,637
91$64,752,737$3,745,350$773,854$54,869,561
92$71,265,472$3,836,828$707,734$60,330,954
93$78,439,607$3,929,889$636,499$66,345,994
94$86,342,512$4,024,519$559,887$72,971,078
95$95,048,429$4,120,701$477,624$80,268,351
96$104,639,168$4,218,414$389,423$88,306,300
97$115,204,879$4,317,633$294,985$97,160,394
98$126,844,907$4,418,327$193,998$106,913,798
99$139,668,726$4,520,463$86,135$117,658,161
100$153,796,971$4,624,002$0$129,494,478