Can I retire at age 47 with 1,110,000?

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 $1,110,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$91,663$90,846$90,050$89,272$88,513$86,059
2 years$45,378$44,532$43,713$42,919$42,149$39,695
3 years$29,951$29,102$28,285$27,499$26,741$24,364
4 years$22,240$21,393$20,585$19,811$19,072$16,790
5 years$17,614$16,773$15,974$15,217$14,498$12,317
6 years$14,531$13,696$12,910$12,169$11,472$9,395
7 years$12,330$11,502$10,728$10,005$9,330$7,356
8 years$10,680$9,859$9,098$8,393$7,740$5,868
9 years$9,397$8,584$7,836$7,149$6,518$4,747
10 years$8,371$7,567$6,832$6,162$5,554$3,881
11 years$7,533$6,736$6,015$5,363$4,776$3,199
12 years$6,834$6,046$5,338$4,704$4,139$2,655
13 years$6,244$5,464$4,769$4,153$3,609$2,214
14 years$5,738$4,966$4,285$3,687$3,164$1,855
15 years$5,300$4,537$3,869$3,288$2,786$1,559
16 years$4,918$4,163$3,508$2,944$2,462$1,315
17 years$4,580$3,834$3,192$2,645$2,183$1,111
18 years$4,281$3,542$2,914$2,384$1,941$941
19 years$4,013$3,283$2,667$2,154$1,730$798
20 years$3,773$3,051$2,448$1,951$1,545$678
21 years$3,555$2,842$2,252$1,770$1,383$576
22 years$3,358$2,653$2,075$1,610$1,240$491
23 years$3,178$2,481$1,916$1,466$1,113$418
24 years$3,013$2,324$1,772$1,337$1,000$356
25 years$2,862$2,181$1,641$1,221$900$304
26 years$2,722$2,050$1,522$1,117$811$260
27 years$2,593$1,929$1,414$1,022$731$222
28 years$2,474$1,818$1,314$936$660$189
29 years$2,363$1,715$1,223$859$596$162
30 years$2,259$1,620$1,139$788$538$138
31 years$2,163$1,531$1,062$724$486$118
32 years$2,073$1,449$991$665$440$101
33 years$1,988$1,372$925$612$398$87
34 years$1,908$1,300$864$563$361$74
35 years$1,833$1,233$808$518$327$63
36 years$1,763$1,171$756$477$296$54
37 years$1,696$1,112$708$440$268$46
38 years$1,633$1,057$663$405$243$40
39 years$1,574$1,005$621$374$220$34
40 years$1,518$956$582$345$200$29
41 years$1,464$910$546$318$181$25
42 years$1,413$867$512$293$165$21
43 years$1,365$826$480$271$149$18
44 years$1,319$787$451$250$136$16
45 years$1,275$751$423$231$123$13
46 years$1,233$716$398$213$112$11
47 years$1,193$683$373$197$102$10
48 years$1,155$652$351$182$92$8
49 years$1,119$623$330$168$84$7
50 years$1,084$595$310$156$76$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,110,000, adding $3,606 every year, while hoping to spend $52,156 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: 68/17/15 Blend
46$1,110,000$1,110,000$1,110,000$1,110,000
47$1,226,940$1,168,110$1,150,905$1,305,840
48$1,296,594$1,169,853$1,133,966$1,360,619
49$1,371,605$1,169,935$1,114,713$1,414,003
50$1,452,464$1,168,217$1,093,011$1,471,074
51$1,539,710$1,164,555$1,068,722$1,532,189
52$1,633,938$1,158,795$1,041,701$1,597,742
53$1,735,797$1,150,773$1,011,796$1,668,168
54$1,846,005$1,140,318$978,848$1,743,950
55$1,965,349$1,127,245$942,690$1,825,619
56$2,094,694$1,111,359$903,149$1,913,762
57$2,234,991$1,092,454$860,044$2,009,027
58$2,387,288$1,070,313$813,183$2,112,130
59$2,552,736$1,044,702$762,369$2,223,863
60$2,732,601$1,015,378$707,394$2,345,098
61$2,928,276$982,081$648,041$2,476,799
62$3,141,293$944,537$584,084$2,620,032
63$3,373,340$902,454$515,286$2,775,972
64$3,626,272$855,525$441,399$2,945,916
65$3,902,132$803,426$362,166$3,131,298
66$4,203,168$745,813$277,317$3,333,699
67$4,531,854$682,321$186,571$3,554,866
68$4,890,916$612,567$89,634$3,796,726
69$5,283,351$536,145$0$4,061,407
70$5,712,462$452,625$0$4,353,468
71$6,181,884$361,555$0$4,688,744
72$6,695,620$262,454$0$5,055,786
73$7,258,077$154,818$0$5,457,808
74$7,874,109$38,112$0$5,898,351
75$8,549,061$0$0$6,381,320
76$9,288,819$0$0$6,927,524
77$10,099,868$0$0$7,534,247
78$10,989,346$0$0$8,199,709
79$11,965,119$0$0$8,929,803
80$13,035,848$0$0$9,731,019
81$14,211,076$0$0$10,610,506
82$15,501,313$0$0$11,576,139
83$16,918,136$0$0$12,636,592
84$18,474,300$0$0$13,801,421
85$20,183,853$0$0$15,081,154
86$22,062,273$0$0$16,487,387
87$24,126,613$0$0$18,032,896
88$26,395,655$0$0$19,731,757
89$28,890,095$0$0$21,599,476
90$31,632,735$0$0$23,653,138
91$34,648,692$0$0$25,911,564
92$37,965,644$0$0$28,395,493
93$41,614,083$0$0$31,127,772
94$45,627,605$0$0$34,133,576
95$50,043,226$0$0$37,440,641
96$54,901,731$0$0$41,079,528
97$60,248,057$0$0$45,083,909
98$66,131,719$0$0$49,490,888
99$72,607,273$0$0$54,341,343
100$79,734,831$0$0$59,680,319