Can I retire at age 47 with 1,260,000?

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 $1,260,000?

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$104,050$103,123$102,219$101,336$100,474$99,136
2 years$51,510$50,550$49,621$48,719$47,845$46,499
3 years$33,999$33,035$32,108$31,215$30,355$29,043
4 years$25,245$24,284$23,366$22,489$21,649$20,382
5 years$19,994$19,039$18,133$17,273$16,457$15,238
6 years$16,495$15,547$14,654$13,814$13,022$11,852
7 years$13,996$13,056$12,178$11,357$10,591$9,470
8 years$12,123$11,192$10,328$9,527$8,786$7,714
9 years$10,667$9,744$8,895$8,115$7,399$6,376
10 years$9,502$8,589$7,755$6,995$6,304$5,330
11 years$8,551$7,646$6,827$6,088$5,422$4,495
12 years$7,758$6,863$6,059$5,340$4,699$3,818
13 years$7,088$6,202$5,414$4,714$4,097$3,262
14 years$6,514$5,638$4,864$4,185$3,592$2,800
15 years$6,017$5,150$4,392$3,732$3,162$2,413
16 years$5,582$4,725$3,982$3,342$2,795$2,087
17 years$5,199$4,352$3,623$3,003$2,478$1,810
18 years$4,859$4,021$3,307$2,706$2,203$1,574
19 years$4,555$3,727$3,028$2,445$1,964$1,371
20 years$4,282$3,463$2,779$2,214$1,754$1,196
21 years$4,036$3,226$2,556$2,010$1,570$1,046
22 years$3,811$3,011$2,356$1,827$1,407$915
23 years$3,607$2,816$2,175$1,664$1,263$802
24 years$3,420$2,639$2,012$1,518$1,135$703
25 years$3,248$2,476$1,863$1,386$1,022$618
26 years$3,090$2,327$1,728$1,267$920$543
27 years$2,944$2,190$1,605$1,160$830$477
28 years$2,808$2,064$1,492$1,063$749$420
29 years$2,682$1,947$1,388$975$676$369
30 years$2,565$1,839$1,293$895$611$325
31 years$2,455$1,738$1,205$822$552$286
32 years$2,353$1,645$1,125$755$500$252
33 years$2,256$1,558$1,050$694$452$222
34 years$2,166$1,476$981$639$409$196
35 years$2,081$1,400$917$588$371$173
36 years$2,001$1,329$858$542$336$153
37 years$1,926$1,262$803$499$304$135
38 years$1,854$1,200$752$460$276$119
39 years$1,787$1,141$705$424$250$105
40 years$1,723$1,085$660$391$227$92
41 years$1,662$1,033$619$361$206$82
42 years$1,604$984$581$333$187$72
43 years$1,549$937$545$307$170$64
44 years$1,497$894$512$284$154$56
45 years$1,447$852$480$262$140$50
46 years$1,400$813$451$242$127$44
47 years$1,355$776$424$224$115$39
48 years$1,311$740$398$207$105$34
49 years$1,270$707$374$191$95$30
50 years$1,230$675$352$177$86$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,260,000, adding $6,507 every year, while hoping to spend $59,847 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: 73/12/15 Blend
46$1,260,000$1,260,000$1,260,000$1,260,000
47$1,395,232$1,328,452$1,308,922$1,491,977
48$1,473,869$1,329,869$1,289,094$1,558,350
49$1,558,521$1,329,350$1,266,596$1,623,067
50$1,649,739$1,326,737$1,241,276$1,692,371
51$1,748,126$1,321,861$1,212,973$1,766,700
52$1,854,348$1,314,545$1,181,520$1,846,543
53$1,969,133$1,304,600$1,146,743$1,932,434
54$2,093,285$1,291,826$1,108,459$2,024,965
55$2,227,684$1,276,009$1,066,476$2,124,791
56$2,373,299$1,256,925$1,020,595$2,232,630
57$2,531,197$1,234,335$970,605$2,349,279
58$2,702,548$1,207,987$916,290$2,475,613
59$2,888,642$1,177,612$857,420$2,612,602
60$3,090,896$1,142,928$793,756$2,761,313
61$3,310,870$1,103,634$725,050$2,922,924
62$3,550,280$1,059,413$651,040$3,098,736
63$3,811,013$1,009,929$571,454$3,290,183
64$4,095,147$954,826$486,008$3,498,847
65$4,404,967$893,728$394,405$3,726,475
66$4,742,991$826,238$296,335$3,974,993
67$5,111,989$751,936$191,474$4,246,526
68$5,515,008$670,377$79,485$4,543,420
69$5,955,405$581,092$0$4,868,260
70$6,436,876$483,585$0$5,230,307
71$6,963,488$377,331$0$5,640,294
72$7,539,721$261,778$0$6,089,019
73$8,170,508$136,340$0$6,580,378
74$8,861,280$401$0$7,118,661
75$9,618,017$0$0$7,708,597
76$10,447,309$0$0$8,374,769
77$11,356,407$0$0$9,105,168
78$12,353,303$0$0$9,906,167
79$13,446,797$0$0$10,784,845
80$14,646,581$0$0$11,748,997
81$15,963,332$0$0$12,807,212
82$17,408,809$0$0$13,968,949
83$18,995,967$0$0$15,244,629
84$20,739,077$0$0$16,645,729
85$22,653,857$0$0$18,184,896
86$24,757,626$0$0$19,876,058
87$27,069,462$0$0$21,734,562
88$29,610,381$0$0$23,777,316
89$32,403,538$0$0$26,022,943
90$35,474,444$0$0$28,491,965
91$38,851,204$0$0$31,206,990
92$42,564,781$0$0$34,192,926
93$46,649,292$0$0$37,477,217
94$51,142,325$0$0$41,090,099
95$56,085,293$0$0$45,064,885
96$61,523,828$0$0$49,438,284
97$67,508,204$0$0$54,250,738
98$74,093,819$0$0$59,546,809
99$81,341,710$0$0$65,375,597
100$89,319,131$0$0$71,791,206