Can I retire at age 47 with 1,150,000?

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 $1,150,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$94,966$94,120$93,295$92,489$91,703$91,316
2 years$47,013$46,137$45,289$44,466$43,668$43,278
3 years$31,031$30,151$29,305$28,490$27,705$27,323
4 years$23,041$22,164$21,326$20,525$19,759$19,389
5 years$18,248$17,377$16,550$15,765$15,021$14,663
6 years$15,055$14,190$13,375$12,608$11,885$11,540
7 years$12,774$11,916$11,115$10,365$9,666$9,334
8 years$11,064$10,215$9,426$8,695$8,019$7,700
9 years$9,735$8,894$8,119$7,407$6,753$6,447
10 years$8,673$7,839$7,078$6,384$5,754$5,461
11 years$7,804$6,979$6,231$5,556$4,949$4,668
12 years$7,081$6,264$5,530$4,874$4,288$4,020
13 years$6,469$5,661$4,941$4,303$3,739$3,484
14 years$5,945$5,145$4,439$3,820$3,278$3,034
15 years$5,491$4,700$4,008$3,406$2,886$2,654
16 years$5,095$4,313$3,634$3,050$2,551$2,330
17 years$4,745$3,972$3,307$2,740$2,262$2,052
18 years$4,435$3,670$3,019$2,470$2,011$1,812
19 years$4,158$3,401$2,763$2,232$1,792$1,604
20 years$3,908$3,161$2,536$2,021$1,601$1,422
21 years$3,683$2,944$2,333$1,834$1,433$1,264
22 years$3,479$2,748$2,150$1,668$1,284$1,124
23 years$3,292$2,570$1,985$1,519$1,153$1,002
24 years$3,122$2,408$1,836$1,385$1,036$894
25 years$2,965$2,260$1,700$1,265$932$798
26 years$2,820$2,124$1,577$1,157$840$713
27 years$2,687$1,999$1,464$1,059$757$638
28 years$2,563$1,884$1,361$970$683$571
29 years$2,448$1,777$1,267$890$617$512
30 years$2,341$1,678$1,180$816$557$459
31 years$2,241$1,586$1,100$750$504$411
32 years$2,147$1,501$1,026$689$456$369
33 years$2,059$1,422$958$634$413$331
34 years$1,977$1,347$895$583$374$298
35 years$1,900$1,278$837$537$338$267
36 years$1,826$1,213$783$494$307$240
37 years$1,758$1,152$733$455$278$216
38 years$1,692$1,095$686$420$252$194
39 years$1,631$1,041$643$387$228$175
40 years$1,572$990$603$357$207$157
41 years$1,517$943$565$329$188$141
42 years$1,464$898$530$304$171$127
43 years$1,414$856$498$281$155$114
44 years$1,366$816$467$259$141$103
45 years$1,321$778$439$239$128$93
46 years$1,278$742$412$221$116$83
47 years$1,236$708$387$204$105$75
48 years$1,197$676$364$189$96$68
49 years$1,159$645$342$174$87$61
50 years$1,123$617$321$161$79$55

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,150,000, adding $6,729 every year, while hoping to spend $53,088 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: 65/6/29 Blend
46$1,150,000$1,150,000$1,150,000$1,150,000
47$1,274,241$1,213,291$1,195,466$1,346,854
48$1,347,728$1,216,257$1,179,029$1,399,761
49$1,426,932$1,217,589$1,160,262$1,451,095
50$1,512,379$1,217,151$1,139,031$1,506,055
51$1,604,649$1,214,799$1,115,195$1,565,005
52$1,704,377$1,210,378$1,088,609$1,628,348
53$1,812,264$1,203,726$1,059,117$1,696,528
54$1,929,077$1,194,671$1,026,560$1,770,038
55$2,055,662$1,183,029$990,768$1,849,420
56$2,192,948$1,168,606$951,567$1,935,275
57$2,341,956$1,151,195$908,773$2,028,268
58$2,503,812$1,130,580$862,193$2,129,133
59$2,679,750$1,106,528$811,626$2,238,679
60$2,871,132$1,078,795$756,862$2,357,804
61$3,079,452$1,047,121$697,682$2,487,498
62$3,306,359$1,011,232$633,857$2,628,853
63$3,553,663$970,838$565,147$2,783,078
64$3,823,359$925,632$491,302$2,951,507
65$4,117,642$875,288$412,060$3,135,614
66$4,438,927$819,463$327,150$3,337,026
67$4,789,874$757,792$236,285$3,557,540
68$5,173,409$689,893$139,170$3,799,139
69$5,592,757$615,357$35,492$4,064,014
70$6,051,466$533,757$0$4,354,583
71$6,553,442$444,638$0$4,696,769
72$7,102,989$347,522$0$5,083,495
73$7,704,845$241,901$0$5,507,130
74$8,364,226$127,241$0$5,971,375
75$9,086,879$2,978$0$6,480,310
76$9,879,132$0$0$7,038,430
77$10,747,955$0$0$7,659,368
78$11,701,023$0$0$8,340,811
79$12,746,793$0$0$9,088,616
80$13,894,578$0$0$9,909,454
81$15,154,637$0$0$10,810,673
82$16,538,271$0$0$11,800,365
83$18,057,928$0$0$12,887,446
84$19,727,321$0$0$14,081,738
85$21,561,559$0$0$15,394,060
86$23,577,283$0$0$16,836,333
87$25,792,829$0$0$18,421,689
88$28,228,397$0$0$20,164,594
89$30,906,240$0$0$22,080,988
90$33,850,878$0$0$24,188,432
91$37,089,324$0$0$26,506,273
92$40,651,339$0$0$29,055,829
93$44,569,715$0$0$31,860,586
94$48,880,581$0$0$34,946,421
95$53,623,746$0$0$38,341,848
96$58,843,069$0$0$42,078,281
97$64,586,880$0$0$46,190,335
98$70,908,426$0$0$50,716,152
99$77,866,381$0$0$55,697,755
100$85,525,394$0$0$61,181,451