Can I retire at age 47 with 1,140,000?

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 $1,140,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$94,140$93,302$92,483$91,685$90,905$87,645
2 years$46,604$45,736$44,895$44,079$43,288$40,039
3 years$30,761$29,889$29,050$28,242$27,464$24,327
4 years$22,841$21,972$21,141$20,347$19,587$16,588
5 years$18,090$17,226$16,406$15,628$14,890$12,035
6 years$14,924$14,066$13,259$12,498$11,782$9,074
7 years$12,663$11,813$11,018$10,275$9,582$7,021
8 years$10,968$10,126$9,344$8,620$7,949$5,532
9 years$9,651$8,816$8,048$7,342$6,694$4,418
10 years$8,597$7,771$7,017$6,329$5,704$3,565
11 years$7,736$6,918$6,177$5,508$4,906$2,899
12 years$7,019$6,209$5,482$4,831$4,251$2,372
13 years$6,413$5,612$4,898$4,265$3,707$1,951
14 years$5,893$5,101$4,401$3,786$3,250$1,610
15 years$5,444$4,660$3,973$3,377$2,861$1,334
16 years$5,051$4,275$3,602$3,023$2,529$1,108
17 years$4,704$3,937$3,278$2,717$2,242$922
18 years$4,397$3,638$2,992$2,448$1,994$768
19 years$4,122$3,372$2,739$2,212$1,777$642
20 years$3,874$3,133$2,514$2,004$1,587$536
21 years$3,651$2,918$2,313$1,818$1,420$449
22 years$3,448$2,724$2,131$1,653$1,273$376
23 years$3,264$2,548$1,968$1,506$1,143$315
24 years$3,094$2,387$1,820$1,373$1,027$264
25 years$2,939$2,240$1,686$1,254$924$222
26 years$2,796$2,106$1,563$1,147$833$186
27 years$2,664$1,982$1,452$1,050$751$156
28 years$2,541$1,867$1,350$962$677$131
29 years$2,427$1,762$1,256$882$612$110
30 years$2,321$1,664$1,170$809$553$93
31 years$2,221$1,573$1,091$743$500$78
32 years$2,129$1,488$1,018$683$452$65
33 years$2,042$1,409$950$628$409$55
34 years$1,960$1,336$888$578$370$46
35 years$1,883$1,267$830$532$335$39
36 years$1,811$1,202$776$490$304$33
37 years$1,742$1,142$727$451$275$27
38 years$1,678$1,085$681$416$250$23
39 years$1,616$1,032$638$384$226$19
40 years$1,559$982$598$354$205$16
41 years$1,504$935$560$327$186$14
42 years$1,451$890$526$301$169$12
43 years$1,402$848$493$278$153$10
44 years$1,354$808$463$257$139$8
45 years$1,309$771$435$237$126$7
46 years$1,267$735$408$219$115$6
47 years$1,226$702$384$202$104$5
48 years$1,186$670$360$187$95$4
49 years$1,149$640$339$173$86$3
50 years$1,113$611$319$160$78$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,140,000, adding $2,727 every year, while hoping to spend $41,611 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: 51/27/22 Blend
46$1,140,000$1,140,000$1,140,000$1,140,000
47$1,259,093$1,198,673$1,181,003$1,315,456
48$1,343,247$1,213,134$1,176,293$1,369,196
49$1,434,589$1,226,909$1,170,030$1,423,112
50$1,533,810$1,239,921$1,162,119$1,480,867
51$1,641,668$1,252,086$1,152,459$1,542,842
52$1,758,997$1,263,317$1,140,945$1,609,457
53$1,886,714$1,273,519$1,127,467$1,681,177
54$2,025,831$1,282,593$1,111,908$1,758,513
55$2,177,457$1,290,431$1,094,148$1,842,034
56$2,342,816$1,296,921$1,074,061$1,932,366
57$2,523,254$1,301,941$1,051,513$2,030,201
58$2,720,254$1,305,364$1,026,366$2,136,304
59$2,935,445$1,307,052$998,475$2,251,521
60$3,170,625$1,306,862$967,688$2,376,785
61$3,427,769$1,304,639$933,847$2,513,128
62$3,709,055$1,300,220$896,784$2,661,690
63$4,016,880$1,293,431$856,327$2,823,728
64$4,353,881$1,284,089$812,294$3,000,633
65$4,722,966$1,271,999$764,495$3,193,940
66$5,127,335$1,256,953$712,732$3,405,345
67$5,570,513$1,238,733$656,798$3,636,718
68$6,056,380$1,217,106$596,475$3,890,127
69$6,589,213$1,191,826$531,539$4,167,853
70$7,173,719$1,162,633$461,753$4,472,416
71$7,815,086$1,129,250$386,869$4,806,596
72$8,519,027$1,091,384$306,631$5,173,463
73$9,291,833$1,048,728$220,769$5,576,405
74$10,140,438$1,000,954$129,002$6,019,162
75$11,072,477$947,714$31,038$6,505,860
76$12,096,362$888,644$0$7,041,054
77$13,221,359$823,357$0$7,647,026
78$14,457,678$751,441$0$8,320,963
79$15,816,565$672,466$0$9,061,769
80$17,310,412$585,974$0$9,876,279
81$18,952,868$491,481$0$10,772,027
82$20,758,973$388,476$0$11,757,320
83$22,745,299$276,422$0$12,841,318
84$24,930,100$154,747$0$14,034,118
85$27,333,491$22,851$0$15,346,856
86$29,977,635$0$0$16,791,806
87$32,886,949$0$0$18,418,125
88$36,088,339$0$0$20,215,323
89$39,611,448$0$0$22,193,269
90$43,488,941$0$0$24,370,319
91$47,756,808$0$0$26,766,698
92$52,454,704$0$0$29,404,692
93$57,626,328$0$0$32,308,857
94$63,319,826$0$0$35,506,250
95$69,588,252$0$0$39,026,688
96$76,490,067$0$0$42,903,022
97$84,089,687$0$0$47,171,454
98$92,458,094$0$0$51,871,874
99$101,673,503$0$0$57,048,238
100$111,822,101$0$0$62,748,983