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%13.2%
1 years$94,966$94,120$93,295$92,489$91,703$90,482
2 years$47,013$46,137$45,289$44,466$43,668$42,440
3 years$31,031$30,151$29,305$28,490$27,705$26,508
4 years$23,041$22,164$21,326$20,525$19,759$18,602
5 years$18,248$17,377$16,550$15,765$15,021$13,907
6 years$15,055$14,190$13,375$12,608$11,885$10,817
7 years$12,774$11,916$11,115$10,365$9,666$8,643
8 years$11,064$10,215$9,426$8,695$8,019$7,041
9 years$9,735$8,894$8,119$7,407$6,753$5,820
10 years$8,673$7,839$7,078$6,384$5,754$4,865
11 years$7,804$6,979$6,231$5,556$4,949$4,103
12 years$7,081$6,264$5,530$4,874$4,288$3,485
13 years$6,469$5,661$4,941$4,303$3,739$2,977
14 years$5,945$5,145$4,439$3,820$3,278$2,556
15 years$5,491$4,700$4,008$3,406$2,886$2,203
16 years$5,095$4,313$3,634$3,050$2,551$1,905
17 years$4,745$3,972$3,307$2,740$2,262$1,652
18 years$4,435$3,670$3,019$2,470$2,011$1,436
19 years$4,158$3,401$2,763$2,232$1,792$1,251
20 years$3,908$3,161$2,536$2,021$1,601$1,092
21 years$3,683$2,944$2,333$1,834$1,433$954
22 years$3,479$2,748$2,150$1,668$1,284$835
23 years$3,292$2,570$1,985$1,519$1,153$732
24 years$3,122$2,408$1,836$1,385$1,036$642
25 years$2,965$2,260$1,700$1,265$932$564
26 years$2,820$2,124$1,577$1,157$840$495
27 years$2,687$1,999$1,464$1,059$757$435
28 years$2,563$1,884$1,361$970$683$383
29 years$2,448$1,777$1,267$890$617$337
30 years$2,341$1,678$1,180$816$557$297
31 years$2,241$1,586$1,100$750$504$261
32 years$2,147$1,501$1,026$689$456$230
33 years$2,059$1,422$958$634$413$203
34 years$1,977$1,347$895$583$374$179
35 years$1,900$1,278$837$537$338$158
36 years$1,826$1,213$783$494$307$139
37 years$1,758$1,152$733$455$278$123
38 years$1,692$1,095$686$420$252$108
39 years$1,631$1,041$643$387$228$96
40 years$1,572$990$603$357$207$84
41 years$1,517$943$565$329$188$74
42 years$1,464$898$530$304$171$66
43 years$1,414$856$498$281$155$58
44 years$1,366$816$467$259$141$51
45 years$1,321$778$439$239$128$45
46 years$1,278$742$412$221$116$40
47 years$1,236$708$387$204$105$35
48 years$1,197$676$364$189$96$31
49 years$1,159$645$342$174$87$28
50 years$1,123$617$321$161$79$24

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 $4,413 every year, while hoping to spend $21,690 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: 28/43/29 Blend
46$1,150,000$1,150,000$1,150,000$1,150,000
47$1,271,852$1,210,902$1,193,077$1,295,957
48$1,378,503$1,247,158$1,209,967$1,351,921
49$1,495,305$1,284,464$1,226,696$1,409,846
50$1,623,272$1,322,848$1,243,236$1,471,647
51$1,763,517$1,362,339$1,259,556$1,537,672
52$1,917,270$1,402,968$1,275,625$1,608,304
53$2,085,882$1,444,764$1,291,409$1,683,963
54$2,270,844$1,487,759$1,306,873$1,765,114
55$2,473,796$1,531,986$1,321,980$1,852,266
56$2,696,547$1,577,477$1,336,689$1,945,980
57$2,941,086$1,624,264$1,350,960$2,046,872
58$3,209,607$1,672,384$1,364,748$2,155,621
59$3,504,527$1,721,870$1,378,006$2,272,976
60$3,828,505$1,772,758$1,390,686$2,399,758
61$4,184,474$1,825,085$1,402,735$2,536,873
62$4,575,665$1,878,888$1,414,101$2,685,319
63$5,005,634$1,934,206$1,424,725$2,846,193
64$5,478,303$1,991,076$1,434,548$3,020,705
65$5,997,990$2,049,539$1,443,505$3,210,186
66$6,569,454$2,109,635$1,451,531$3,416,103
67$7,197,936$2,171,405$1,458,556$3,640,071
68$7,889,213$2,234,891$1,464,505$3,883,869
69$8,649,649$2,300,137$1,469,302$4,149,457
70$9,486,255$2,367,185$1,472,865$4,438,994
71$10,406,756$2,436,080$1,475,109$4,754,859
72$11,419,665$2,506,868$1,475,945$5,099,671
73$12,534,360$2,579,594$1,475,279$5,476,317
74$13,761,176$2,654,305$1,473,011$5,887,977
75$15,111,498$2,731,049$1,469,040$6,338,156
76$16,597,875$2,809,874$1,463,256$6,830,714
77$18,234,129$2,890,829$1,455,546$7,369,904
78$20,035,494$2,973,963$1,445,791$7,960,415
79$22,018,755$3,059,328$1,433,866$8,607,411
80$24,202,407$3,146,974$1,419,640$9,316,583
81$26,606,831$3,236,954$1,402,976$10,094,201
82$29,254,483$3,329,320$1,383,731$10,947,176
83$32,170,109$3,424,125$1,361,754$11,883,122
84$35,380,976$3,521,424$1,336,889$12,910,431
85$38,917,131$3,621,269$1,308,970$14,038,348
86$42,811,684$3,723,717$1,277,826$15,277,064
87$47,101,119$3,828,822$1,243,277$16,637,808
88$51,825,640$3,936,641$1,205,133$18,132,952
89$57,029,548$4,047,230$1,163,198$19,776,134
90$62,761,662$4,160,644$1,117,266$21,582,380
91$69,075,778$4,276,942$1,067,120$23,568,251
92$76,031,175$4,396,179$1,012,536$25,751,997
93$83,693,176$4,518,414$953,278$28,153,729
94$92,133,767$4,643,703$889,100$30,795,611
95$101,432,271$4,772,104$819,744$33,702,068
96$111,676,099$4,903,674$744,942$36,900,016
97$122,961,576$5,038,469$664,412$40,419,120
98$135,394,849$5,176,546$577,862$44,292,071
99$149,092,889$5,317,962$484,986$48,554,893
100$164,184,593$5,462,771$385,462$53,247,289