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%15.2%
1 years$90,837$90,028$89,238$88,468$87,716$85,839
2 years$44,969$44,131$43,320$42,533$41,769$39,888
3 years$29,681$28,840$28,031$27,251$26,500$24,673
4 years$22,039$21,201$20,399$19,633$18,900$17,141
5 years$17,455$16,622$15,831$15,080$14,368$12,681
6 years$14,400$13,573$12,793$12,060$11,369$9,757
7 years$12,219$11,398$10,631$9,915$9,246$7,709
8 years$10,583$9,771$9,016$8,317$7,670$6,208
9 years$9,312$8,507$7,766$7,084$6,459$5,070
10 years$8,296$7,499$6,770$6,107$5,504$4,187
11 years$7,465$6,675$5,960$5,315$4,733$3,487
12 years$6,773$5,992$5,290$4,662$4,102$2,924
13 years$6,188$5,415$4,726$4,116$3,577$2,465
14 years$5,687$4,922$4,246$3,653$3,135$2,088
15 years$5,253$4,496$3,834$3,258$2,761$1,775
16 years$4,873$4,125$3,476$2,917$2,440$1,513
17 years$4,539$3,799$3,163$2,621$2,163$1,294
18 years$4,242$3,510$2,887$2,362$1,924$1,109
19 years$3,977$3,253$2,643$2,135$1,715$952
20 years$3,739$3,023$2,426$1,933$1,531$818
21 years$3,523$2,816$2,231$1,755$1,371$704
22 years$3,327$2,629$2,057$1,595$1,228$607
23 years$3,149$2,459$1,899$1,453$1,103$524
24 years$2,986$2,304$1,756$1,325$991$452
25 years$2,836$2,162$1,627$1,210$892$391
26 years$2,698$2,032$1,509$1,106$803$338
27 years$2,570$1,912$1,401$1,013$724$292
28 years$2,452$1,802$1,302$928$654$253
29 years$2,342$1,700$1,212$851$590$219
30 years$2,239$1,605$1,129$781$533$190
31 years$2,143$1,517$1,052$717$482$164
32 years$2,054$1,436$982$659$436$142
33 years$1,970$1,360$917$606$395$124
34 years$1,891$1,289$857$558$357$107
35 years$1,817$1,222$801$513$324$93
36 years$1,747$1,160$749$473$293$81
37 years$1,681$1,102$701$436$266$70
38 years$1,619$1,047$657$402$241$61
39 years$1,560$996$615$370$218$53
40 years$1,504$947$577$342$198$46
41 years$1,451$902$541$315$180$40
42 years$1,400$859$507$291$163$34
43 years$1,353$818$476$268$148$30
44 years$1,307$780$447$248$134$26
45 years$1,264$744$419$229$122$22
46 years$1,222$710$394$211$111$19
47 years$1,183$677$370$195$101$17
48 years$1,145$646$348$180$91$15
49 years$1,109$617$327$167$83$13
50 years$1,074$590$307$154$75$11

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 $3,578 every year, while hoping to spend $31,179 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: 60/17/23 Blend
46$1,100,000$1,100,000$1,100,000$1,100,000
47$1,215,891$1,157,591$1,140,541$1,281,207
48$1,306,737$1,181,138$1,145,575$1,349,518
49$1,405,805$1,204,795$1,149,732$1,420,310
50$1,513,900$1,228,533$1,152,951$1,496,864
51$1,631,909$1,252,322$1,155,166$1,579,746
52$1,760,808$1,276,130$1,156,308$1,669,579
53$1,901,672$1,299,921$1,156,306$1,767,052
54$2,055,683$1,323,658$1,155,083$1,872,921
55$2,224,145$1,347,300$1,152,560$1,988,021
56$2,408,492$1,370,801$1,148,655$2,113,274
57$2,610,302$1,394,115$1,143,279$2,249,695
58$2,831,316$1,417,190$1,136,342$2,398,402
59$3,073,448$1,439,970$1,127,748$2,560,629
60$3,338,809$1,462,397$1,117,396$2,737,737
61$3,629,719$1,484,407$1,105,180$2,931,226
62$3,948,739$1,505,931$1,090,992$3,142,748
63$4,298,685$1,526,897$1,074,715$3,374,127
64$4,682,662$1,547,226$1,056,230$3,627,372
65$5,104,088$1,566,834$1,035,408$3,904,699
66$5,566,729$1,585,633$1,012,118$4,208,551
67$6,074,734$1,603,527$986,222$4,541,620
68$6,632,671$1,620,414$957,575$4,906,875
69$7,245,574$1,636,186$926,025$5,307,590
70$7,918,990$1,650,726$891,413$5,747,372
71$8,659,026$1,663,910$853,575$6,230,201
72$9,472,413$1,675,609$812,336$6,760,461
73$10,366,566$1,685,681$767,517$7,342,987
74$11,349,654$1,693,977$718,926$7,983,109
75$12,430,676$1,700,339$666,368$8,686,703
76$13,619,548$1,704,599$609,634$9,460,246
77$14,927,195$1,706,577$548,510$10,310,877
78$16,365,653$1,706,084$482,769$11,246,469
79$17,948,185$1,702,917$412,177$12,275,699
80$19,689,401$1,696,861$336,486$13,408,130
81$21,605,402$1,687,689$255,441$14,654,307
82$23,713,927$1,675,160$168,772$16,025,853
83$26,034,522$1,659,018$76,201$17,535,579
84$28,588,724$1,638,990$0$19,197,607
85$31,400,263$1,614,790$0$21,033,048
86$34,495,287$1,586,111$0$23,073,836
87$37,902,607$1,552,632$0$25,320,240
88$41,653,971$1,514,009$0$27,793,193
89$45,784,361$1,469,881$0$30,515,758
90$50,332,325$1,419,863$0$33,513,353
91$55,340,336$1,363,550$0$36,813,991
92$60,855,198$1,300,513$0$40,448,540
93$66,928,487$1,230,296$0$44,451,021
94$73,617,032$1,152,420$0$48,858,922
95$80,983,456$1,066,375$0$53,713,559
96$89,096,766$971,625$0$59,060,462
97$98,033,003$867,602$0$64,949,809
98$107,875,961$753,705$0$71,436,894
99$118,717,972$629,301$0$78,582,657
100$130,660,787$493,719$0$86,454,252