Can I retire at age 47 with 1,130,000?

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 $1,130,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$93,314$92,483$91,672$90,881$90,108$88,835
2 years$46,195$45,335$44,501$43,693$42,908$41,628
3 years$30,491$29,627$28,795$27,994$27,223$25,975
4 years$22,640$21,779$20,955$20,168$19,416$18,210
5 years$17,931$17,075$16,262$15,491$14,759$13,600
6 years$14,793$13,943$13,142$12,388$11,679$10,567
7 years$12,552$11,709$10,921$10,185$9,498$8,433
8 years$10,872$10,037$9,262$8,544$7,879$6,862
9 years$9,566$8,739$7,978$7,278$6,636$5,665
10 years$8,522$7,703$6,955$6,273$5,654$4,730
11 years$7,668$6,858$6,123$5,460$4,862$3,984
12 years$6,957$6,155$5,434$4,789$4,214$3,380
13 years$6,356$5,562$4,855$4,228$3,674$2,884
14 years$5,842$5,056$4,362$3,753$3,221$2,472
15 years$5,396$4,619$3,938$3,347$2,836$2,128
16 years$5,006$4,238$3,571$2,997$2,506$1,837
17 years$4,663$3,903$3,249$2,693$2,222$1,591
18 years$4,358$3,606$2,966$2,427$1,976$1,381
19 years$4,085$3,342$2,715$2,193$1,761$1,202
20 years$3,841$3,106$2,492$1,986$1,573$1,047
21 years$3,619$2,893$2,292$1,802$1,408$914
22 years$3,418$2,700$2,113$1,639$1,262$799
23 years$3,235$2,526$1,951$1,492$1,133$699
24 years$3,067$2,366$1,804$1,361$1,018$612
25 years$2,913$2,221$1,671$1,243$916$536
26 years$2,771$2,087$1,550$1,137$825$471
27 years$2,640$1,964$1,439$1,040$744$413
28 years$2,519$1,851$1,338$953$671$363
29 years$2,405$1,746$1,245$874$606$319
30 years$2,300$1,649$1,160$802$548$280
31 years$2,202$1,559$1,081$737$495$246
32 years$2,110$1,475$1,009$677$448$217
33 years$2,024$1,397$942$623$405$191
34 years$1,943$1,324$880$573$367$168
35 years$1,866$1,256$823$527$332$148
36 years$1,795$1,192$770$486$301$130
37 years$1,727$1,132$720$448$273$115
38 years$1,663$1,076$675$413$248$101
39 years$1,602$1,023$632$380$224$89
40 years$1,545$973$592$351$204$78
41 years$1,490$926$555$324$185$69
42 years$1,439$882$521$299$168$61
43 years$1,389$841$489$276$152$54
44 years$1,343$801$459$255$138$47
45 years$1,298$764$431$235$125$42
46 years$1,255$729$405$217$114$37
47 years$1,215$696$380$201$103$32
48 years$1,176$664$357$185$94$29
49 years$1,139$634$336$171$85$25
50 years$1,103$606$316$158$77$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,130,000, adding $3,783 every year, while hoping to spend $22,762 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: 45/30/25 Blend
46$1,130,000$1,130,000$1,130,000$1,130,000
47$1,249,162$1,189,272$1,171,757$1,296,207
48$1,352,358$1,223,328$1,186,792$1,363,924
49$1,465,317$1,258,289$1,201,569$1,434,813
50$1,589,011$1,294,177$1,216,053$1,511,243
51$1,724,510$1,331,012$1,230,210$1,593,743
52$1,872,993$1,368,814$1,244,005$1,682,894
53$2,035,757$1,407,605$1,257,398$1,779,336
54$2,214,232$1,447,406$1,270,349$1,883,775
55$2,409,993$1,488,238$1,282,815$1,996,987
56$2,624,774$1,530,123$1,294,751$2,119,827
57$2,860,485$1,573,082$1,306,108$2,253,237
58$3,119,229$1,617,139$1,316,838$2,398,255
59$3,403,325$1,662,313$1,326,887$2,556,023
60$3,715,326$1,708,628$1,336,200$2,727,800
61$4,058,045$1,756,106$1,344,717$2,914,972
62$4,434,578$1,804,769$1,352,379$3,119,068
63$4,848,341$1,854,638$1,359,119$3,341,769
64$5,303,092$1,905,736$1,364,870$3,584,931
65$5,802,975$1,958,085$1,369,561$3,850,595
66$6,352,554$2,011,706$1,373,116$4,141,014
67$6,956,857$2,066,621$1,375,458$4,458,666
68$7,621,423$2,122,853$1,376,502$4,806,285
69$8,352,356$2,180,421$1,376,163$5,186,882
70$9,156,381$2,239,346$1,374,350$5,603,774
71$10,040,908$2,299,650$1,370,966$6,060,618
72$11,014,099$2,361,351$1,365,912$6,561,443
73$12,084,950$2,424,470$1,359,083$7,110,688
74$13,263,371$2,489,026$1,350,369$7,713,245
75$14,560,283$2,555,036$1,339,654$8,374,506
76$15,987,717$2,622,518$1,326,817$9,100,412
77$17,558,931$2,691,488$1,311,733$9,897,511
78$19,288,534$2,761,963$1,294,268$10,773,016
79$21,192,622$2,833,957$1,274,283$11,734,879
80$23,288,932$2,907,483$1,251,634$12,791,864
81$25,597,007$2,982,553$1,226,168$13,953,625
82$28,138,383$3,059,180$1,197,725$15,230,805
83$30,936,789$3,137,371$1,166,140$16,635,132
84$34,018,374$3,217,134$1,131,239$18,179,530
85$37,411,951$3,298,476$1,092,838$19,878,241
86$41,149,269$3,381,401$1,050,747$21,746,964
87$45,265,314$3,465,909$1,004,767$23,802,997
88$49,798,639$3,552,002$954,689$26,065,404
89$54,791,725$3,639,675$900,296$28,555,194
90$60,291,386$3,728,923$841,361$31,295,522
91$66,349,205$3,819,739$777,644$34,311,905
92$73,022,027$3,912,109$708,898$37,632,464
93$80,372,490$4,006,019$634,863$41,288,189
94$88,469,621$4,101,450$555,267$45,313,236
95$97,389,482$4,198,381$469,828$49,745,242
96$107,215,891$4,296,783$378,250$54,625,691
97$118,041,213$4,396,627$280,223$60,000,294
98$129,967,232$4,497,877$175,425$65,919,433
99$143,106,107$4,600,491$63,519$72,438,629
100$157,581,438$4,704,422$0$79,619,068