Can I retire at age 47 with 1,250,000?

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 $1,250,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$103,224$102,304$101,407$100,532$99,677$97,386
2 years$51,101$50,149$49,227$48,333$47,465$45,170
3 years$33,729$32,773$31,853$30,967$30,114$27,886
4 years$25,045$24,092$23,181$22,310$21,477$19,334
5 years$19,835$18,888$17,989$17,136$16,327$14,273
6 years$16,364$15,424$14,538$13,704$12,919$10,958
7 years$13,885$12,953$12,081$11,267$10,506$8,638
8 years$12,027$11,103$10,246$9,451$8,716$6,940
9 years$10,582$9,667$8,825$8,051$7,340$5,655
10 years$9,427$8,521$7,694$6,940$6,254$4,658
11 years$8,483$7,586$6,773$6,040$5,379$3,869
12 years$7,696$6,809$6,011$5,298$4,661$3,236
13 years$7,031$6,153$5,371$4,677$4,065$2,721
14 years$6,462$5,593$4,825$4,152$3,563$2,298
15 years$5,969$5,109$4,357$3,703$3,137$1,948
16 years$5,538$4,688$3,950$3,315$2,773$1,657
17 years$5,158$4,317$3,594$2,979$2,458$1,412
18 years$4,821$3,989$3,281$2,684$2,186$1,207
19 years$4,519$3,697$3,004$2,426$1,948$1,033
20 years$4,248$3,436$2,757$2,197$1,740$885
21 years$4,004$3,200$2,536$1,994$1,557$760
22 years$3,781$2,987$2,337$1,813$1,396$653
23 years$3,579$2,794$2,158$1,651$1,253$562
24 years$3,393$2,618$1,996$1,506$1,126$483
25 years$3,223$2,457$1,848$1,375$1,014$416
26 years$3,066$2,309$1,714$1,257$913$359
27 years$2,921$2,173$1,592$1,151$823$309
28 years$2,786$2,047$1,480$1,054$743$267
29 years$2,661$1,931$1,377$967$671$230
30 years$2,544$1,824$1,283$887$606$199
31 years$2,436$1,724$1,196$815$548$172
32 years$2,334$1,632$1,116$749$496$148
33 years$2,239$1,545$1,042$689$448$128
34 years$2,149$1,464$973$634$406$111
35 years$2,065$1,389$910$583$368$96
36 years$1,985$1,318$851$537$333$83
37 years$1,910$1,252$797$495$302$71
38 years$1,840$1,190$746$456$274$62
39 years$1,772$1,132$699$421$248$53
40 years$1,709$1,077$655$388$225$46
41 years$1,649$1,025$614$358$204$40
42 years$1,591$976$576$330$185$35
43 years$1,537$930$541$305$168$30
44 years$1,485$886$508$282$153$26
45 years$1,436$845$477$260$139$22
46 years$1,389$806$448$240$126$19
47 years$1,344$770$421$222$114$17
48 years$1,301$735$395$205$104$14
49 years$1,260$702$372$190$94$13
50 years$1,220$670$349$175$86$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,250,000, adding $6,001 every year, while hoping to spend $34,153 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: 65/15/20 Blend
46$1,250,000$1,250,000$1,250,000$1,250,000
47$1,383,690$1,317,440$1,298,065$1,466,249
48$1,488,488$1,345,656$1,305,212$1,550,650
49$1,602,830$1,374,110$1,311,453$1,638,413
50$1,727,655$1,402,778$1,316,723$1,733,520
51$1,863,994$1,431,632$1,320,951$1,836,691
52$2,012,984$1,460,644$1,324,065$1,948,722
53$2,175,874$1,489,781$1,325,987$2,070,487
54$2,354,042$1,519,010$1,326,637$2,202,950
55$2,549,005$1,548,292$1,325,930$2,347,174
56$2,762,432$1,577,587$1,323,777$2,504,330
57$2,996,162$1,606,850$1,320,085$2,675,710
58$3,252,219$1,636,034$1,314,756$2,862,736
59$3,532,832$1,665,087$1,307,688$3,066,975
60$3,840,458$1,693,953$1,298,773$3,290,156
61$4,177,801$1,722,573$1,287,898$3,534,184
62$4,547,841$1,750,883$1,274,946$3,801,158
63$4,953,857$1,778,812$1,259,793$4,093,392
64$5,399,464$1,806,288$1,242,310$4,413,436
65$5,888,643$1,833,229$1,222,361$4,764,102
66$6,425,778$1,859,552$1,199,804$5,148,488
67$7,015,701$1,885,164$1,174,491$5,570,008
68$7,663,733$1,909,967$1,146,267$6,032,428
69$8,375,736$1,933,857$1,114,969$6,539,896
70$9,158,167$1,956,723$1,080,426$7,096,986
71$10,018,142$1,978,444$1,042,462$7,708,739
72$10,963,498$1,998,893$1,000,891$8,380,710
73$12,002,871$2,017,935$955,517$9,119,024
74$13,145,775$2,035,425$906,137$9,930,431
75$14,402,691$2,051,207$852,540$10,822,371
76$15,785,168$2,065,119$794,502$11,803,044
77$17,305,929$2,076,984$731,792$12,881,490
78$18,978,995$2,086,617$664,168$14,067,670
79$20,819,811$2,093,820$591,376$15,372,567
80$22,845,396$2,098,382$513,152$16,808,284
81$25,074,503$2,100,079$429,219$18,388,159
82$27,527,794$2,098,674$339,289$20,126,897
83$30,228,034$2,093,914$243,061$22,040,704
84$33,200,310$2,085,532$140,220$24,147,441
85$36,472,262$2,073,244$30,437$26,466,796
86$40,074,346$2,056,747$0$29,020,465
87$44,040,124$2,035,722$0$31,850,872
88$48,406,574$2,009,830$0$34,974,001
89$53,214,445$1,978,711$0$38,412,482
90$58,508,635$1,941,985$0$42,198,416
91$64,338,622$1,899,249$0$46,367,179
92$70,758,925$1,850,075$0$50,957,755
93$77,829,617$1,794,010$0$56,013,105
94$85,616,899$1,730,578$0$61,580,569
95$94,193,716$1,659,269$0$67,712,321
96$103,640,451$1,579,550$0$74,465,852
97$114,045,681$1,490,851$0$81,904,520
98$125,507,012$1,392,575$0$90,098,147
99$138,132,002$1,284,086$0$99,123,675
100$152,039,174$1,164,714$0$109,065,896