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%15.7%
1 years$90,837$90,028$89,238$88,468$87,716$85,665
2 years$44,969$44,131$43,320$42,533$41,769$39,715
3 years$29,681$28,840$28,031$27,251$26,500$24,506
4 years$22,039$21,201$20,399$19,633$18,900$16,982
5 years$17,455$16,622$15,831$15,080$14,368$12,531
6 years$14,400$13,573$12,793$12,060$11,369$9,615
7 years$12,219$11,398$10,631$9,915$9,246$7,575
8 years$10,583$9,771$9,016$8,317$7,670$6,082
9 years$9,312$8,507$7,766$7,084$6,459$4,953
10 years$8,296$7,499$6,770$6,107$5,504$4,077
11 years$7,465$6,675$5,960$5,315$4,733$3,385
12 years$6,773$5,992$5,290$4,662$4,102$2,829
13 years$6,188$5,415$4,726$4,116$3,577$2,377
14 years$5,687$4,922$4,246$3,653$3,135$2,006
15 years$5,253$4,496$3,834$3,258$2,761$1,700
16 years$4,873$4,125$3,476$2,917$2,440$1,444
17 years$4,539$3,799$3,163$2,621$2,163$1,230
18 years$4,242$3,510$2,887$2,362$1,924$1,050
19 years$3,977$3,253$2,643$2,135$1,715$898
20 years$3,739$3,023$2,426$1,933$1,531$769
21 years$3,523$2,816$2,231$1,755$1,371$660
22 years$3,327$2,629$2,057$1,595$1,228$567
23 years$3,149$2,459$1,899$1,453$1,103$487
24 years$2,986$2,304$1,756$1,325$991$419
25 years$2,836$2,162$1,627$1,210$892$360
26 years$2,698$2,032$1,509$1,106$803$310
27 years$2,570$1,912$1,401$1,013$724$267
28 years$2,452$1,802$1,302$928$654$231
29 years$2,342$1,700$1,212$851$590$199
30 years$2,239$1,605$1,129$781$533$171
31 years$2,143$1,517$1,052$717$482$148
32 years$2,054$1,436$982$659$436$128
33 years$1,970$1,360$917$606$395$110
34 years$1,891$1,289$857$558$357$95
35 years$1,817$1,222$801$513$324$82
36 years$1,747$1,160$749$473$293$71
37 years$1,681$1,102$701$436$266$61
38 years$1,619$1,047$657$402$241$53
39 years$1,560$996$615$370$218$46
40 years$1,504$947$577$342$198$40
41 years$1,451$902$541$315$180$34
42 years$1,400$859$507$291$163$29
43 years$1,353$818$476$268$148$25
44 years$1,307$780$447$248$134$22
45 years$1,264$744$419$229$122$19
46 years$1,222$710$394$211$111$16
47 years$1,183$677$370$195$101$14
48 years$1,145$646$348$180$91$12
49 years$1,109$617$327$167$83$11
50 years$1,074$590$307$154$75$9

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 $3,151 every year, while hoping to spend $24,759 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: 81/13/6 Blend
46$1,100,000$1,100,000$1,100,000$1,100,000
47$1,215,450$1,157,150$1,140,100$1,313,138
48$1,313,083$1,187,507$1,151,950$1,407,854
49$1,419,844$1,218,522$1,163,367$1,508,164
50$1,536,639$1,250,200$1,174,311$1,617,494
51$1,664,464$1,282,548$1,184,738$1,736,732
52$1,804,417$1,315,570$1,194,604$1,866,854
53$1,957,705$1,349,271$1,203,861$2,008,937
54$2,125,660$1,383,654$1,212,459$2,164,167
55$2,309,746$1,418,722$1,220,346$2,333,849
56$2,511,578$1,454,478$1,227,466$2,519,420
57$2,732,934$1,490,922$1,233,761$2,722,463
58$2,975,771$1,528,055$1,239,169$2,944,723
59$3,242,246$1,565,876$1,243,628$3,188,121
60$3,534,734$1,604,382$1,247,068$3,454,773
61$3,855,852$1,643,572$1,249,420$3,747,009
62$4,208,482$1,683,440$1,250,609$4,067,397
63$4,595,799$1,723,981$1,250,556$4,418,766
64$5,021,301$1,765,187$1,249,181$4,804,232
65$5,488,842$1,807,049$1,246,396$5,227,228
66$6,002,666$1,849,556$1,242,112$5,691,536
67$6,567,449$1,892,696$1,236,234$6,201,324
68$7,188,345$1,936,454$1,228,664$6,761,182
69$7,871,029$1,980,813$1,219,297$7,376,168
70$8,621,755$2,025,754$1,208,025$8,051,855
71$9,447,413$2,071,255$1,194,733$8,794,385
72$10,355,595$2,117,293$1,179,303$9,610,522
73$11,354,665$2,163,839$1,161,608$10,507,721
74$12,453,838$2,210,865$1,141,520$11,494,196
75$13,663,269$2,258,336$1,118,899$12,578,997
76$14,994,144$2,306,216$1,093,604$13,772,098
77$16,458,790$2,354,465$1,065,484$15,084,487
78$18,070,791$2,403,038$1,034,382$16,528,272
79$19,845,112$2,451,887$1,000,134$18,116,796
80$21,798,244$2,500,959$962,568$19,864,760
81$23,948,356$2,550,197$921,505$21,788,365
82$26,315,470$2,599,539$876,758$23,905,463
83$28,921,648$2,648,916$828,129$26,235,724
84$31,791,199$2,698,256$775,414$28,800,826
85$34,950,910$2,747,479$718,399$31,624,655
86$38,430,297$2,796,500$656,860$34,733,532
87$42,261,885$2,845,226$590,563$38,156,464
88$46,481,513$2,893,559$519,263$41,925,411
89$51,128,675$2,941,390$442,705$46,075,597
90$56,246,887$2,988,606$360,624$50,645,834
91$61,884,105$3,035,082$272,739$55,678,893
92$68,093,169$3,080,687$178,762$61,221,907
93$74,932,311$3,125,279$78,388$67,326,813
94$82,465,694$3,168,705$0$74,050,848
95$90,764,026$3,210,803$0$81,458,923
96$99,905,223$3,251,399$0$89,624,178
97$109,975,146$3,290,308$0$98,618,205
98$121,068,407$3,327,329$0$108,525,430
99$133,289,269$3,362,253$0$119,438,892
100$146,752,623$3,394,852$0$131,461,114