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

Use the below retirement simulation to view the chances of a successful retirement.
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%16%
1 years$94,140$93,302$92,483$91,685$90,905$88,672
2 years$46,604$45,736$44,895$44,079$43,288$41,052
3 years$30,761$29,889$29,050$28,242$27,464$25,294
4 years$22,841$21,972$21,141$20,347$19,587$17,502
5 years$18,090$17,226$16,406$15,628$14,890$12,894
6 years$14,924$14,066$13,259$12,498$11,782$9,877
7 years$12,663$11,813$11,018$10,275$9,582$7,769
8 years$10,968$10,126$9,344$8,620$7,949$6,227
9 years$9,651$8,816$8,048$7,342$6,694$5,062
10 years$8,597$7,771$7,017$6,329$5,704$4,159
11 years$7,736$6,918$6,177$5,508$4,906$3,446
12 years$7,019$6,209$5,482$4,831$4,251$2,874
13 years$6,413$5,612$4,898$4,265$3,707$2,410
14 years$5,893$5,101$4,401$3,786$3,250$2,030
15 years$5,444$4,660$3,973$3,377$2,861$1,716
16 years$5,051$4,275$3,602$3,023$2,529$1,455
17 years$4,704$3,937$3,278$2,717$2,242$1,237
18 years$4,397$3,638$2,992$2,448$1,994$1,054
19 years$4,122$3,372$2,739$2,212$1,777$899
20 years$3,874$3,133$2,514$2,004$1,587$769
21 years$3,651$2,918$2,313$1,818$1,420$658
22 years$3,448$2,724$2,131$1,653$1,273$563
23 years$3,264$2,548$1,968$1,506$1,143$483
24 years$3,094$2,387$1,820$1,373$1,027$414
25 years$2,939$2,240$1,686$1,254$924$356
26 years$2,796$2,106$1,563$1,147$833$306
27 years$2,664$1,982$1,452$1,050$751$263
28 years$2,541$1,867$1,350$962$677$226
29 years$2,427$1,762$1,256$882$612$194
30 years$2,321$1,664$1,170$809$553$167
31 years$2,221$1,573$1,091$743$500$144
32 years$2,129$1,488$1,018$683$452$124
33 years$2,042$1,409$950$628$409$107
34 years$1,960$1,336$888$578$370$92
35 years$1,883$1,267$830$532$335$79
36 years$1,811$1,202$776$490$304$68
37 years$1,742$1,142$727$451$275$59
38 years$1,678$1,085$681$416$250$51
39 years$1,616$1,032$638$384$226$44
40 years$1,559$982$598$354$205$38
41 years$1,504$935$560$327$186$32
42 years$1,451$890$526$301$169$28
43 years$1,402$848$493$278$153$24
44 years$1,354$808$463$257$139$21
45 years$1,309$771$435$237$126$18
46 years$1,267$735$408$219$115$15
47 years$1,226$702$384$202$104$13
48 years$1,186$670$360$187$95$11
49 years$1,149$640$339$173$86$10
50 years$1,113$611$319$160$78$8

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 $3,525 every year, while hoping to spend $39,006 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: 57/22/21 Blend
46$1,140,000$1,140,000$1,140,000$1,140,000
47$1,259,916$1,199,496$1,181,826$1,324,445
48$1,346,925$1,216,769$1,179,915$1,386,099
49$1,441,502$1,233,582$1,176,633$1,448,773
50$1,544,378$1,249,869$1,171,892$1,516,226
51$1,656,355$1,265,564$1,165,602$1,588,926
52$1,778,320$1,280,593$1,157,666$1,667,392
53$1,911,245$1,294,878$1,147,984$1,752,195
54$2,056,202$1,308,337$1,136,451$1,843,967
55$2,214,369$1,320,881$1,122,957$1,943,404
56$2,387,046$1,332,415$1,107,387$2,051,275
57$2,575,660$1,342,838$1,089,620$2,168,428
58$2,781,784$1,352,044$1,069,529$2,295,798
59$3,007,151$1,359,919$1,046,983$2,434,419
60$3,253,665$1,366,340$1,021,842$2,585,431
61$3,523,428$1,371,180$993,963$2,750,089
62$3,818,750$1,374,300$963,193$2,929,783
63$4,142,177$1,375,555$929,374$3,126,044
64$4,496,511$1,374,790$892,341$3,340,559
65$4,884,841$1,371,839$851,919$3,575,194
66$5,310,565$1,366,530$807,929$3,832,004
67$5,777,428$1,358,675$760,180$4,113,257
68$6,289,554$1,348,079$708,475$4,421,456
69$6,851,487$1,334,533$652,607$4,759,361
70$7,468,229$1,317,816$592,360$5,130,018
71$8,145,293$1,297,693$527,508$5,536,786
72$8,888,749$1,273,916$457,816$5,983,371
73$9,705,285$1,246,223$383,037$6,473,858
74$10,602,270$1,214,333$302,914$7,012,757
75$11,587,819$1,177,953$217,179$7,605,039
76$12,670,874$1,136,770$125,552$8,256,188
77$13,861,285$1,090,453$27,740$8,972,252
78$15,169,904$1,038,654$0$9,759,900
79$16,608,688$981,001$0$10,643,663
80$18,190,808$917,105$0$11,622,228
81$19,930,778$846,550$0$12,698,392
82$21,844,587$768,900$0$13,882,098
83$23,949,851$683,693$0$15,184,306
84$26,265,982$590,440$0$16,617,093
85$28,814,365$488,624$0$18,193,774
86$31,618,565$377,702$0$19,929,024
87$34,704,545$257,095$0$21,839,019
88$38,100,912$126,197$0$23,941,586
89$41,839,189$0$0$26,256,378
90$45,954,108$0$0$28,808,839
91$50,483,940$0$0$31,652,418
92$55,470,853$0$0$34,783,053
93$60,961,314$0$0$38,229,929
94$67,006,524$0$0$42,025,204
95$73,662,901$0$0$46,204,316
96$80,992,612$0$0$50,806,312
97$89,064,160$0$0$55,874,221
98$97,953,032$0$0$61,455,454
99$107,742,404$0$0$67,602,258
100$118,523,934$0$0$74,372,205