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%17.3%
1 years$93,314$92,483$91,672$90,881$90,108$87,434
2 years$46,195$45,335$44,501$43,693$42,908$40,236
3 years$30,491$29,627$28,795$27,994$27,223$24,637
4 years$22,640$21,779$20,955$20,168$19,416$16,935
5 years$17,931$17,075$16,262$15,491$14,759$12,391
6 years$14,793$13,943$13,142$12,388$11,679$9,425
7 years$12,552$11,709$10,921$10,185$9,498$7,359
8 years$10,872$10,037$9,262$8,544$7,879$5,853
9 years$9,566$8,739$7,978$7,278$6,636$4,721
10 years$8,522$7,703$6,955$6,273$5,654$3,847
11 years$7,668$6,858$6,123$5,460$4,862$3,161
12 years$6,957$6,155$5,434$4,789$4,214$2,615
13 years$6,356$5,562$4,855$4,228$3,674$2,173
14 years$5,842$5,056$4,362$3,753$3,221$1,814
15 years$5,396$4,619$3,938$3,347$2,836$1,520
16 years$5,006$4,238$3,571$2,997$2,506$1,277
17 years$4,663$3,903$3,249$2,693$2,222$1,075
18 years$4,358$3,606$2,966$2,427$1,976$907
19 years$4,085$3,342$2,715$2,193$1,761$767
20 years$3,841$3,106$2,492$1,986$1,573$649
21 years$3,619$2,893$2,292$1,802$1,408$549
22 years$3,418$2,700$2,113$1,639$1,262$466
23 years$3,235$2,526$1,951$1,492$1,133$395
24 years$3,067$2,366$1,804$1,361$1,018$336
25 years$2,913$2,221$1,671$1,243$916$285
26 years$2,771$2,087$1,550$1,137$825$243
27 years$2,640$1,964$1,439$1,040$744$206
28 years$2,519$1,851$1,338$953$671$176
29 years$2,405$1,746$1,245$874$606$149
30 years$2,300$1,649$1,160$802$548$127
31 years$2,202$1,559$1,081$737$495$108
32 years$2,110$1,475$1,009$677$448$92
33 years$2,024$1,397$942$623$405$79
34 years$1,943$1,324$880$573$367$67
35 years$1,866$1,256$823$527$332$57
36 years$1,795$1,192$770$486$301$49
37 years$1,727$1,132$720$448$273$41
38 years$1,663$1,076$675$413$248$35
39 years$1,602$1,023$632$380$224$30
40 years$1,545$973$592$351$204$26
41 years$1,490$926$555$324$185$22
42 years$1,439$882$521$299$168$19
43 years$1,389$841$489$276$152$16
44 years$1,343$801$459$255$138$14
45 years$1,298$764$431$235$125$12
46 years$1,255$729$405$217$114$10
47 years$1,215$696$380$201$103$8
48 years$1,176$664$357$185$94$7
49 years$1,139$634$336$171$85$6
50 years$1,103$606$316$158$77$5

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 $5,687 every year, while hoping to spend $37,050 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: 40/50/10 Blend
46$1,130,000$1,130,000$1,130,000$1,130,000
47$1,251,126$1,191,236$1,173,721$1,297,201
48$1,339,320$1,210,186$1,173,620$1,349,115
49$1,435,268$1,228,822$1,172,273$1,401,129
50$1,539,722$1,247,091$1,169,601$1,456,566
51$1,653,509$1,264,934$1,165,518$1,515,751
52$1,777,539$1,282,288$1,159,935$1,579,042
53$1,912,815$1,299,087$1,152,760$1,646,837
54$2,060,438$1,315,258$1,143,894$1,719,575
55$2,221,624$1,330,727$1,133,235$1,797,740
56$2,397,707$1,345,410$1,120,676$1,881,867
57$2,590,160$1,359,222$1,106,106$1,972,548
58$2,800,601$1,372,069$1,089,405$2,070,436
59$3,030,815$1,383,852$1,070,452$2,176,251
60$3,282,763$1,394,466$1,049,117$2,290,792
61$3,558,608$1,403,798$1,025,266$2,414,938
62$3,860,731$1,411,729$998,757$2,549,662
63$4,191,754$1,418,132$969,444$2,696,037
64$4,554,563$1,422,871$937,171$2,855,249
65$4,952,340$1,425,803$901,777$3,028,609
66$5,388,586$1,426,775$863,094$3,217,563
67$5,867,159$1,425,624$820,945$3,423,707
68$6,392,308$1,422,179$775,146$3,648,806
69$6,968,713$1,416,255$725,503$3,894,806
70$7,601,530$1,407,660$671,815$4,163,858
71$8,296,437$1,396,186$613,872$4,458,336
72$9,059,691$1,381,617$551,454$4,780,859
73$9,898,183$1,363,719$484,331$5,134,322
74$10,819,505$1,342,248$412,263$5,521,916
75$11,832,020$1,316,944$335,000$5,947,166
76$12,944,942$1,287,531$252,279$6,413,963
77$14,168,424$1,253,718$163,828$6,926,600
78$15,513,649$1,215,195$69,361$7,489,817
79$16,992,938$1,171,636$0$8,108,841
80$18,619,866$1,122,695$0$8,792,800
81$20,409,391$1,068,006$0$9,552,822
82$22,377,992$1,007,182$0$10,388,559
83$24,543,826$939,813$0$11,307,800
84$26,926,899$865,465$0$12,319,136
85$29,549,252$783,683$0$13,432,042
86$32,435,173$693,981$0$14,656,972
87$35,611,423$595,848$0$16,005,452
88$39,107,488$488,745$0$17,490,198
89$42,955,858$372,100$0$19,125,230
90$47,192,334$245,310$0$20,926,014
91$51,856,361$107,740$0$22,909,603
92$56,991,408$0$0$25,094,805
93$62,645,368$0$0$27,525,074
94$68,871,019$0$0$30,266,538
95$75,726,515$0$0$33,285,548
96$83,275,937$0$0$36,610,350
97$91,589,897$0$0$40,272,067
98$100,746,206$0$0$44,304,994
99$110,830,603$0$0$48,746,922
100$121,937,570$0$0$53,639,496