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

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 $1,260,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$104,050$103,123$102,219$101,336$100,474$98,085
2 years$51,510$50,550$49,621$48,719$47,845$45,452
3 years$33,999$33,035$32,108$31,215$30,355$28,033
4 years$25,245$24,284$23,366$22,489$21,649$19,416
5 years$19,994$19,039$18,133$17,273$16,457$14,319
6 years$16,495$15,547$14,654$13,814$13,022$10,981
7 years$13,996$13,056$12,178$11,357$10,591$8,647
8 years$12,123$11,192$10,328$9,527$8,786$6,939
9 years$10,667$9,744$8,895$8,115$7,399$5,647
10 years$9,502$8,589$7,755$6,995$6,304$4,646
11 years$8,551$7,646$6,827$6,088$5,422$3,854
12 years$7,758$6,863$6,059$5,340$4,699$3,219
13 years$7,088$6,202$5,414$4,714$4,097$2,703
14 years$6,514$5,638$4,864$4,185$3,592$2,280
15 years$6,017$5,150$4,392$3,732$3,162$1,930
16 years$5,582$4,725$3,982$3,342$2,795$1,639
17 years$5,199$4,352$3,623$3,003$2,478$1,395
18 years$4,859$4,021$3,307$2,706$2,203$1,190
19 years$4,555$3,727$3,028$2,445$1,964$1,017
20 years$4,282$3,463$2,779$2,214$1,754$871
21 years$4,036$3,226$2,556$2,010$1,570$746
22 years$3,811$3,011$2,356$1,827$1,407$640
23 years$3,607$2,816$2,175$1,664$1,263$550
24 years$3,420$2,639$2,012$1,518$1,135$472
25 years$3,248$2,476$1,863$1,386$1,022$406
26 years$3,090$2,327$1,728$1,267$920$350
27 years$2,944$2,190$1,605$1,160$830$301
28 years$2,808$2,064$1,492$1,063$749$259
29 years$2,682$1,947$1,388$975$676$223
30 years$2,565$1,839$1,293$895$611$192
31 years$2,455$1,738$1,205$822$552$166
32 years$2,353$1,645$1,125$755$500$143
33 years$2,256$1,558$1,050$694$452$123
34 years$2,166$1,476$981$639$409$106
35 years$2,081$1,400$917$588$371$92
36 years$2,001$1,329$858$542$336$79
37 years$1,926$1,262$803$499$304$68
38 years$1,854$1,200$752$460$276$59
39 years$1,787$1,141$705$424$250$51
40 years$1,723$1,085$660$391$227$44
41 years$1,662$1,033$619$361$206$38
42 years$1,604$984$581$333$187$33
43 years$1,549$937$545$307$170$28
44 years$1,497$894$512$284$154$24
45 years$1,447$852$480$262$140$21
46 years$1,400$813$451$242$127$18
47 years$1,355$776$424$224$115$16
48 years$1,311$740$398$207$105$14
49 years$1,270$707$374$191$95$12
50 years$1,230$675$352$177$86$10

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 $3,529 every year, while hoping to spend $53,609 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: 37/36/27 Blend
46$1,260,000$1,260,000$1,260,000$1,260,000
47$1,392,160$1,325,380$1,305,850$1,432,312
48$1,477,121$1,333,284$1,292,557$1,470,139
49$1,568,951$1,339,779$1,277,021$1,505,815
50$1,668,294$1,344,738$1,259,111$1,543,316
51$1,775,859$1,348,029$1,238,690$1,582,842
52$1,892,423$1,349,509$1,215,613$1,624,616
53$2,018,843$1,349,028$1,189,729$1,668,889
54$2,156,060$1,346,425$1,160,879$1,715,939
55$2,305,108$1,341,530$1,128,899$1,766,079
56$2,467,127$1,334,163$1,093,615$1,819,657
57$2,643,369$1,324,132$1,054,846$1,877,060
58$2,835,212$1,311,234$1,012,403$1,938,721
59$3,044,174$1,295,254$966,089$2,005,122
60$3,271,922$1,275,964$915,695$2,076,801
61$3,520,294$1,253,122$861,007$2,154,353
62$3,791,311$1,226,472$801,797$2,238,444
63$4,087,197$1,195,742$737,831$2,329,813
64$4,410,404$1,160,646$668,860$2,429,282
65$4,763,626$1,120,878$594,628$2,537,763
66$5,149,832$1,076,118$514,864$2,656,270
67$5,572,292$1,026,024$429,289$2,785,929
68$6,034,603$970,237$337,608$2,927,990
69$6,540,729$908,376$239,515$3,083,840
70$7,095,034$840,037$134,689$3,255,015
71$7,702,324$764,794$22,797$3,443,223
72$8,367,890$682,199$0$3,650,354
73$9,097,562$591,773$0$3,906,336
74$9,897,758$493,016$0$4,194,476
75$10,775,551$385,395$0$4,510,881
76$11,738,727$268,349$0$4,858,515
77$12,795,866$141,287$0$5,240,650
78$13,956,416$3,581$0$5,660,901
79$15,230,786$0$0$6,123,264
80$16,630,443$0$0$6,689,758
81$18,168,018$0$0$7,313,818
82$19,857,425$0$0$7,999,695
83$21,713,994$0$0$8,753,638
84$23,754,613$0$0$9,582,530
85$25,997,888$0$0$10,493,952
86$28,464,317$0$0$11,496,261
87$31,176,482$0$0$12,598,662
88$34,159,266$0$0$13,811,295
89$37,440,081$0$0$15,145,335
90$41,049,131$0$0$16,613,094
91$45,019,695$0$0$18,228,137
92$49,388,438$0$0$20,005,410
93$54,195,760$0$0$21,961,382
94$59,486,174$0$0$24,114,199
95$65,308,728$0$0$26,483,856
96$71,717,463$0$0$29,092,382
97$78,771,928$0$0$31,964,054
98$86,537,736$0$0$35,125,620
99$95,087,184$0$0$38,606,555
100$104,499,939$0$0$42,439,337