Can I retire at age 47 with 1,200,000?

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 $1,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$99,095$98,212$97,351$96,510$95,690$94,928
2 years$49,057$48,143$47,258$46,399$45,567$44,798
3 years$32,380$31,462$30,579$29,728$28,909$28,159
4 years$24,043$23,128$22,254$21,418$20,618$19,891
5 years$19,042$18,133$17,270$16,451$15,674$14,972
6 years$15,709$14,807$13,956$13,156$12,402$11,727
7 years$13,329$12,435$11,598$10,816$10,086$9,438
8 years$11,546$10,659$9,836$9,073$8,367$7,746
9 years$10,159$9,280$8,472$7,729$7,047$6,452
10 years$9,050$8,180$7,386$6,662$6,004$5,436
11 years$8,143$7,282$6,502$5,798$5,164$4,621
12 years$7,388$6,536$5,771$5,086$4,475$3,957
13 years$6,750$5,907$5,156$4,490$3,902$3,410
14 years$6,204$5,369$4,632$3,986$3,421$2,952
15 years$5,730$4,905$4,182$3,554$3,012$2,567
16 years$5,316$4,500$3,792$3,183$2,662$2,240
17 years$4,952$4,144$3,451$2,860$2,360$1,960
18 years$4,628$3,830$3,150$2,577$2,098$1,720
19 years$4,339$3,549$2,884$2,329$1,870$1,513
20 years$4,078$3,298$2,646$2,109$1,671$1,333
21 years$3,843$3,072$2,434$1,914$1,495$1,176
22 years$3,630$2,868$2,244$1,740$1,340$1,040
23 years$3,435$2,682$2,071$1,585$1,203$920
24 years$3,257$2,513$1,916$1,446$1,081$815
25 years$3,094$2,358$1,774$1,320$973$723
26 years$2,943$2,216$1,646$1,207$876$642
27 years$2,804$2,086$1,528$1,105$790$570
28 years$2,675$1,966$1,421$1,012$713$507
29 years$2,555$1,854$1,322$928$644$451
30 years$2,443$1,751$1,231$852$582$401
31 years$2,338$1,655$1,148$782$526$357
32 years$2,241$1,566$1,071$719$476$318
33 years$2,149$1,483$1,000$661$431$283
34 years$2,063$1,406$934$608$390$253
35 years$1,982$1,333$874$560$353$225
36 years$1,906$1,266$817$516$320$201
37 years$1,834$1,202$765$475$290$179
38 years$1,766$1,142$716$438$263$160
39 years$1,702$1,086$671$404$238$143
40 years$1,641$1,034$629$373$216$127
41 years$1,583$984$590$344$196$114
42 years$1,528$937$553$317$178$101
43 years$1,476$893$519$293$162$91
44 years$1,426$851$487$270$147$81
45 years$1,378$811$458$250$133$72
46 years$1,333$774$430$231$121$64
47 years$1,290$739$404$213$110$58
48 years$1,249$705$379$197$100$51
49 years$1,209$673$357$182$91$46
50 years$1,172$643$335$168$82$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,200,000, adding $3,599 every year, while hoping to spend $31,453 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: 26/49/25 Blend
46$1,200,000$1,200,000$1,200,000$1,200,000
47$1,326,112$1,262,512$1,243,912$1,350,079
48$1,427,910$1,290,910$1,252,118$1,398,153
49$1,539,037$1,319,644$1,259,544$1,446,743
50$1,660,411$1,348,700$1,266,131$1,498,220
51$1,793,045$1,378,057$1,271,818$1,552,848
52$1,938,049$1,407,696$1,276,538$1,610,917
53$2,096,651$1,437,594$1,280,222$1,672,749
54$2,270,199$1,467,726$1,282,799$1,738,701
55$2,460,179$1,498,064$1,284,193$1,809,163
56$2,668,228$1,528,579$1,284,324$1,884,569
57$2,896,146$1,559,239$1,283,108$1,965,397
58$3,145,918$1,590,007$1,280,457$2,052,174
59$3,419,730$1,620,845$1,276,281$2,145,484
60$3,719,988$1,651,712$1,270,482$2,245,968
61$4,049,343$1,682,562$1,262,958$2,354,338
62$4,410,714$1,713,346$1,253,606$2,471,378
63$4,807,317$1,744,010$1,242,312$2,597,953
64$5,242,696$1,774,499$1,228,962$2,735,018
65$5,720,752$1,804,750$1,213,433$2,883,630
66$6,245,783$1,834,698$1,195,598$3,044,952
67$6,822,525$1,864,270$1,175,323$3,220,271
68$7,456,195$1,893,392$1,152,468$3,411,006
69$8,152,539$1,921,980$1,126,888$3,618,723
70$8,917,888$1,949,947$1,098,428$3,845,152
71$9,759,216$1,977,199$1,066,930$4,092,202
72$10,684,210$2,003,634$1,032,225$4,361,979
73$11,701,333$2,029,146$994,139$4,656,809
74$12,819,914$2,053,620$952,488$4,979,257
75$14,050,229$2,076,931$907,080$5,332,156
76$15,403,601$2,098,949$857,715$5,718,631
77$16,892,505$2,119,534$804,185$6,142,129
78$18,530,685$2,138,536$746,270$6,606,457
79$20,333,287$2,155,796$683,742$7,115,812
80$22,316,997$2,171,145$616,363$7,674,827
81$24,500,202$2,184,402$543,882$8,288,614
82$26,903,160$2,195,375$466,039$8,962,810
83$29,548,193$2,203,860$382,563$9,703,636
84$32,459,899$2,209,639$293,169$10,517,955
85$35,665,379$2,212,482$197,561$11,413,338
86$39,194,498$2,212,143$95,428$12,398,134
87$43,080,160$2,208,362$0$13,481,554
88$47,358,627$2,200,862$0$14,677,378
89$52,069,852$2,189,350$0$16,020,594
90$57,257,863$2,173,514$0$17,498,173
91$62,971,173$2,153,024$0$19,123,845
92$69,263,240$2,127,529$0$20,912,746
93$76,192,971$2,096,659$0$22,881,562
94$83,825,279$2,060,020$0$25,048,689
95$92,231,692$2,017,196$0$27,434,407
96$101,491,031$1,967,745$0$30,061,070
97$111,690,151$1,911,199$0$32,953,325
98$122,924,762$1,847,064$0$36,138,339
99$135,300,334$1,774,816$0$39,646,060
100$148,933,088$1,693,901$0$43,509,503