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%13.5%
1 years$99,095$98,212$97,351$96,510$95,690$94,299
2 years$49,057$48,143$47,258$46,399$45,567$44,168
3 years$32,380$31,462$30,579$29,728$28,909$27,547
4 years$24,043$23,128$22,254$21,418$20,618$19,302
5 years$19,042$18,133$17,270$16,451$15,674$14,408
6 years$15,709$14,807$13,956$13,156$12,402$11,188
7 years$13,329$12,435$11,598$10,816$10,086$8,924
8 years$11,546$10,659$9,836$9,073$8,367$7,258
9 years$10,159$9,280$8,472$7,729$7,047$5,988
10 years$9,050$8,180$7,386$6,662$6,004$4,997
11 years$8,143$7,282$6,502$5,798$5,164$4,206
12 years$7,388$6,536$5,771$5,086$4,475$3,566
13 years$6,750$5,907$5,156$4,490$3,902$3,040
14 years$6,204$5,369$4,632$3,986$3,421$2,605
15 years$5,730$4,905$4,182$3,554$3,012$2,240
16 years$5,316$4,500$3,792$3,183$2,662$1,933
17 years$4,952$4,144$3,451$2,860$2,360$1,673
18 years$4,628$3,830$3,150$2,577$2,098$1,451
19 years$4,339$3,549$2,884$2,329$1,870$1,262
20 years$4,078$3,298$2,646$2,109$1,671$1,099
21 years$3,843$3,072$2,434$1,914$1,495$958
22 years$3,630$2,868$2,244$1,740$1,340$837
23 years$3,435$2,682$2,071$1,585$1,203$731
24 years$3,257$2,513$1,916$1,446$1,081$640
25 years$3,094$2,358$1,774$1,320$973$561
26 years$2,943$2,216$1,646$1,207$876$491
27 years$2,804$2,086$1,528$1,105$790$431
28 years$2,675$1,966$1,421$1,012$713$378
29 years$2,555$1,854$1,322$928$644$332
30 years$2,443$1,751$1,231$852$582$292
31 years$2,338$1,655$1,148$782$526$256
32 years$2,241$1,566$1,071$719$476$225
33 years$2,149$1,483$1,000$661$431$198
34 years$2,063$1,406$934$608$390$174
35 years$1,982$1,333$874$560$353$153
36 years$1,906$1,266$817$516$320$135
37 years$1,834$1,202$765$475$290$119
38 years$1,766$1,142$716$438$263$104
39 years$1,702$1,086$671$404$238$92
40 years$1,641$1,034$629$373$216$81
41 years$1,583$984$590$344$196$71
42 years$1,528$937$553$317$178$63
43 years$1,476$893$519$293$162$55
44 years$1,426$851$487$270$147$49
45 years$1,378$811$458$250$133$43
46 years$1,333$774$430$231$121$38
47 years$1,290$739$404$213$110$33
48 years$1,249$705$379$197$100$29
49 years$1,209$673$357$182$91$26
50 years$1,172$643$335$168$82$23

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 $5,357 every year, while hoping to spend $24,198 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: 69/19/12 Blend
46$1,200,000$1,200,000$1,200,000$1,200,000
47$1,327,926$1,264,326$1,245,726$1,415,753
48$1,437,628$1,300,531$1,261,711$1,510,985
49$1,557,708$1,337,700$1,277,421$1,611,716
50$1,689,200$1,375,853$1,292,820$1,721,284
51$1,833,242$1,415,013$1,307,873$1,840,554
52$1,991,085$1,455,201$1,322,540$1,970,479
53$2,164,111$1,496,441$1,336,780$2,112,107
54$2,353,838$1,538,754$1,350,549$2,266,592
55$2,561,940$1,582,164$1,363,804$2,435,206
56$2,790,262$1,626,693$1,376,494$2,619,350
57$3,040,832$1,672,365$1,388,571$2,820,567
58$3,315,889$1,719,203$1,399,979$3,040,554
59$3,617,895$1,767,229$1,410,664$3,281,184
60$3,949,565$1,816,469$1,420,567$3,544,516
61$4,313,889$1,866,944$1,429,624$3,832,823
62$4,714,160$1,918,679$1,437,771$4,148,605
63$5,154,007$1,971,697$1,444,939$4,494,616
64$5,637,427$2,026,021$1,451,056$4,873,893
65$6,168,824$2,081,675$1,456,045$5,289,779
66$6,753,049$2,138,682$1,459,827$5,745,958
67$7,395,448$2,197,065$1,462,319$6,246,490
68$8,101,909$2,256,847$1,463,433$6,795,844
69$8,878,921$2,318,050$1,463,075$7,398,949
70$9,733,633$2,380,697$1,461,151$8,061,233
71$10,673,922$2,444,809$1,457,557$8,788,676
72$11,708,464$2,510,407$1,452,187$9,587,868
73$12,846,823$2,577,512$1,444,931$10,466,071
74$14,099,533$2,646,144$1,435,670$11,431,285
75$15,478,203$2,716,323$1,424,283$12,492,325
76$16,995,624$2,788,067$1,410,640$13,658,906
77$18,665,889$2,861,394$1,394,608$14,941,730
78$20,504,527$2,936,320$1,376,045$16,352,592
79$22,528,650$3,012,861$1,354,804$17,904,488
80$24,757,113$3,091,031$1,330,731$19,611,739
81$27,210,691$3,170,844$1,303,662$21,490,124
82$29,912,276$3,252,311$1,273,430$23,557,032
83$32,887,096$3,335,441$1,239,858$25,831,625
84$36,162,946$3,420,244$1,202,759$28,335,018
85$39,770,455$3,506,725$1,161,940$31,090,478
86$43,743,376$3,594,888$1,117,199$34,123,644
87$48,118,898$3,684,736$1,068,324$37,462,771
88$52,938,006$3,776,269$1,015,093$41,138,993
89$58,245,859$3,869,482$957,275$45,186,620
90$64,092,220$3,964,370$894,627$49,643,461
91$70,531,926$4,060,924$826,897$54,551,179
92$77,625,405$4,159,131$753,820$59,955,687
93$85,439,244$4,258,977$675,121$65,907,579
94$94,046,820$4,360,440$590,511$72,462,612
95$103,528,992$4,463,497$499,689$79,682,225
96$113,974,861$4,568,120$402,340$87,634,125
97$125,482,614$4,674,276$298,136$96,392,926
98$138,160,452$4,781,927$186,735$106,040,851
99$152,127,605$4,891,028$67,778$116,668,507
100$167,515,464$5,001,532$0$128,375,745