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

Use the below retirement simulation to view the chances of a successful retirement.
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%18.9%
1 years$103,224$102,304$101,407$100,532$99,677$96,102
2 years$51,101$50,149$49,227$48,333$47,465$43,902
3 years$33,729$32,773$31,853$30,967$30,114$26,675
4 years$25,045$24,092$23,181$22,310$21,477$18,189
5 years$19,835$18,888$17,989$17,136$16,327$13,197
6 years$16,364$15,424$14,538$13,704$12,919$9,950
7 years$13,885$12,953$12,081$11,267$10,506$7,698
8 years$12,027$11,103$10,246$9,451$8,716$6,066
9 years$10,582$9,667$8,825$8,051$7,340$4,844
10 years$9,427$8,521$7,694$6,940$6,254$3,909
11 years$8,483$7,586$6,773$6,040$5,379$3,179
12 years$7,696$6,809$6,011$5,298$4,661$2,601
13 years$7,031$6,153$5,371$4,677$4,065$2,139
14 years$6,462$5,593$4,825$4,152$3,563$1,766
15 years$5,969$5,109$4,357$3,703$3,137$1,463
16 years$5,538$4,688$3,950$3,315$2,773$1,214
17 years$5,158$4,317$3,594$2,979$2,458$1,011
18 years$4,821$3,989$3,281$2,684$2,186$843
19 years$4,519$3,697$3,004$2,426$1,948$703
20 years$4,248$3,436$2,757$2,197$1,740$588
21 years$4,004$3,200$2,536$1,994$1,557$492
22 years$3,781$2,987$2,337$1,813$1,396$412
23 years$3,579$2,794$2,158$1,651$1,253$345
24 years$3,393$2,618$1,996$1,506$1,126$290
25 years$3,223$2,457$1,848$1,375$1,014$243
26 years$3,066$2,309$1,714$1,257$913$204
27 years$2,921$2,173$1,592$1,151$823$171
28 years$2,786$2,047$1,480$1,054$743$144
29 years$2,661$1,931$1,377$967$671$121
30 years$2,544$1,824$1,283$887$606$101
31 years$2,436$1,724$1,196$815$548$85
32 years$2,334$1,632$1,116$749$496$72
33 years$2,239$1,545$1,042$689$448$60
34 years$2,149$1,464$973$634$406$51
35 years$2,065$1,389$910$583$368$43
36 years$1,985$1,318$851$537$333$36
37 years$1,910$1,252$797$495$302$30
38 years$1,840$1,190$746$456$274$25
39 years$1,772$1,132$699$421$248$21
40 years$1,709$1,077$655$388$225$18
41 years$1,649$1,025$614$358$204$15
42 years$1,591$976$576$330$185$13
43 years$1,537$930$541$305$168$11
44 years$1,485$886$508$282$153$9
45 years$1,436$845$477$260$139$8
46 years$1,389$806$448$240$126$6
47 years$1,344$770$421$222$114$5
48 years$1,301$735$395$205$104$4
49 years$1,260$702$372$190$94$4
50 years$1,220$670$349$175$86$3

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 $3,192 every year, while hoping to spend $38,852 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: 85/7/8 Blend
46$1,250,000$1,250,000$1,250,000$1,250,000
47$1,380,793$1,314,543$1,295,168$1,496,694
48$1,480,295$1,337,617$1,297,217$1,595,904
49$1,588,645$1,360,520$1,298,034$1,699,266
50$1,706,703$1,383,202$1,297,534$1,811,600
51$1,835,418$1,405,610$1,295,633$1,933,783
52$1,975,832$1,427,686$1,292,238$2,066,783
53$2,129,095$1,449,371$1,287,256$2,211,661
54$2,296,470$1,470,597$1,280,586$2,369,589
55$2,479,348$1,491,295$1,272,124$2,541,857
56$2,679,262$1,511,389$1,261,761$2,729,886
57$2,897,899$1,530,799$1,249,382$2,935,240
58$3,137,115$1,549,439$1,234,867$3,159,642
59$3,398,956$1,567,216$1,218,090$3,404,991
60$3,685,673$1,584,033$1,198,919$3,673,378
61$3,999,745$1,599,784$1,177,217$3,967,108
62$4,343,905$1,614,359$1,152,839$4,288,717
63$4,721,158$1,627,638$1,125,634$4,641,003
64$5,134,818$1,639,494$1,095,445$5,027,045
65$5,588,532$1,649,792$1,062,105$5,450,237
66$6,086,319$1,658,388$1,025,442$5,914,319
67$6,632,604$1,665,130$985,275$6,423,410
68$7,232,264$1,669,855$941,416$6,982,049
69$7,890,667$1,672,390$893,665$7,595,238
70$8,613,730$1,672,552$841,818$8,268,488
71$9,407,969$1,670,146$785,657$9,007,871
72$10,280,563$1,664,964$724,958$9,820,077
73$11,239,420$1,656,787$659,484$10,712,479
74$12,293,253$1,645,382$588,990$11,693,202
75$13,451,661$1,630,502$513,217$12,771,195
76$14,725,218$1,611,884$431,897$13,956,325
77$16,125,575$1,589,251$344,750$15,259,460
78$17,665,568$1,562,308$251,483$16,692,578
79$19,359,338$1,530,743$151,790$18,268,878
80$21,222,466$1,494,226$45,351$20,002,905
81$23,272,121$1,452,407$0$21,910,687
82$25,527,217$1,404,914$0$24,015,709
83$28,008,595$1,351,357$0$26,336,121
84$30,739,218$1,291,319$0$28,889,526
85$33,744,388$1,224,363$0$31,699,592
86$37,051,982$1,150,024$0$34,792,399
87$40,692,720$1,067,811$0$38,196,684
88$44,700,448$977,204$0$41,944,114
89$49,112,462$877,656$0$46,069,583
90$53,969,858$768,585$0$50,611,544
91$59,317,917$649,380$0$55,612,366
92$65,206,538$519,392$0$61,118,742
93$71,690,700$377,938$0$67,182,122
94$78,830,990$224,296$0$73,859,202
95$86,694,166$57,701$0$81,212,461
96$95,353,792$0$0$89,310,747
97$104,890,930$0$0$98,239,374
98$115,394,904$0$0$108,078,070
99$126,964,145$0$0$118,914,588
100$139,707,114$0$0$130,850,527