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%18%
1 years$104,050$103,123$102,219$101,336$100,474$97,219
2 years$51,510$50,550$49,621$48,719$47,845$44,596
3 years$33,999$33,035$32,108$31,215$30,355$27,214
4 years$25,245$24,284$23,366$22,489$21,649$18,641
5 years$19,994$19,039$18,133$17,273$16,457$13,589
6 years$16,495$15,547$14,654$13,814$13,022$10,296
7 years$13,996$13,056$12,178$11,357$10,591$8,007
8 years$12,123$11,192$10,328$9,527$8,786$6,343
9 years$10,667$9,744$8,895$8,115$7,399$5,094
10 years$9,502$8,589$7,755$6,995$6,304$4,133
11 years$8,551$7,646$6,827$6,088$5,422$3,381
12 years$7,758$6,863$6,059$5,340$4,699$2,783
13 years$7,088$6,202$5,414$4,714$4,097$2,303
14 years$6,514$5,638$4,864$4,185$3,592$1,913
15 years$6,017$5,150$4,392$3,732$3,162$1,595
16 years$5,582$4,725$3,982$3,342$2,795$1,333
17 years$5,199$4,352$3,623$3,003$2,478$1,117
18 years$4,859$4,021$3,307$2,706$2,203$937
19 years$4,555$3,727$3,028$2,445$1,964$788
20 years$4,282$3,463$2,779$2,214$1,754$663
21 years$4,036$3,226$2,556$2,010$1,570$559
22 years$3,811$3,011$2,356$1,827$1,407$471
23 years$3,607$2,816$2,175$1,664$1,263$398
24 years$3,420$2,639$2,012$1,518$1,135$336
25 years$3,248$2,476$1,863$1,386$1,022$284
26 years$3,090$2,327$1,728$1,267$920$240
27 years$2,944$2,190$1,605$1,160$830$203
28 years$2,808$2,064$1,492$1,063$749$172
29 years$2,682$1,947$1,388$975$676$145
30 years$2,565$1,839$1,293$895$611$123
31 years$2,455$1,738$1,205$822$552$104
32 years$2,353$1,645$1,125$755$500$88
33 years$2,256$1,558$1,050$694$452$75
34 years$2,166$1,476$981$639$409$63
35 years$2,081$1,400$917$588$371$54
36 years$2,001$1,329$858$542$336$45
37 years$1,926$1,262$803$499$304$38
38 years$1,854$1,200$752$460$276$33
39 years$1,787$1,141$705$424$250$28
40 years$1,723$1,085$660$391$227$23
41 years$1,662$1,033$619$361$206$20
42 years$1,604$984$581$333$187$17
43 years$1,549$937$545$307$170$14
44 years$1,497$894$512$284$154$12
45 years$1,447$852$480$262$140$10
46 years$1,400$813$451$242$127$9
47 years$1,355$776$424$224$115$7
48 years$1,311$740$398$207$105$6
49 years$1,270$707$374$191$95$5
50 years$1,230$675$352$177$86$4

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 $5,870 every year, while hoping to spend $29,189 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: 70/25/5 Blend
46$1,260,000$1,260,000$1,260,000$1,260,000
47$1,394,575$1,327,795$1,308,265$1,491,077
48$1,505,765$1,361,800$1,321,035$1,589,593
49$1,627,318$1,396,493$1,333,254$1,693,172
50$1,760,260$1,431,877$1,344,874$1,805,690
51$1,905,721$1,467,954$1,355,842$1,928,015
52$2,064,946$1,504,725$1,366,104$2,061,106
53$2,239,304$1,542,190$1,375,602$2,206,017
54$2,430,304$1,580,348$1,384,276$2,363,907
55$2,639,608$1,619,198$1,392,062$2,536,056
56$2,869,045$1,658,736$1,398,894$2,723,869
57$3,120,631$1,698,958$1,404,700$2,928,898
58$3,396,586$1,739,857$1,409,408$3,152,849
59$3,699,354$1,781,427$1,412,940$3,397,602
60$4,031,629$1,823,657$1,415,213$3,665,228
61$4,396,376$1,866,537$1,416,144$3,958,009
62$4,796,863$1,910,054$1,415,642$4,278,456
63$5,236,690$1,954,193$1,413,612$4,629,338
64$5,719,821$1,998,938$1,409,957$5,013,703
65$6,250,624$2,044,268$1,404,573$5,434,912
66$6,833,913$2,090,161$1,397,350$5,896,664
67$7,474,987$2,136,594$1,388,176$6,403,037
68$8,179,686$2,183,538$1,376,932$6,958,523
69$8,954,447$2,230,964$1,363,491$7,568,071
70$9,806,356$2,278,837$1,347,724$8,237,134
71$10,743,225$2,327,120$1,329,493$8,971,720
72$11,773,657$2,375,773$1,308,655$9,778,449
73$12,907,135$2,424,750$1,285,059$10,664,614
74$14,154,103$2,474,003$1,258,549$11,638,253
75$15,526,071$2,523,479$1,228,959$12,708,222
76$17,035,719$2,573,118$1,196,119$13,884,278
77$18,697,020$2,622,859$1,159,846$15,177,175
78$20,525,369$2,672,632$1,119,954$16,598,760
79$22,537,729$2,722,363$1,076,245$18,162,089
80$24,752,791$2,771,972$1,028,513$19,881,550
81$27,191,150$2,821,373$976,542$21,772,995
82$29,875,499$2,870,473$920,108$23,853,895
83$32,830,844$2,919,170$858,976$26,143,499
84$36,084,737$2,967,356$792,899$28,663,022
85$39,667,540$3,014,916$721,620$31,435,840
86$43,612,706$3,061,724$644,872$34,487,714
87$47,957,101$3,107,647$562,373$37,847,031
88$52,741,344$3,152,541$473,832$41,545,074
89$58,010,198$3,196,252$378,942$45,616,316
90$63,812,986$3,238,616$277,384$50,098,747
91$70,204,059$3,279,457$168,825$55,034,228
92$77,243,309$3,318,586$52,917$60,468,895
93$84,996,734$3,355,804$0$66,453,586
94$93,537,058$3,390,896$0$73,048,101
95$102,944,420$3,423,633$0$80,313,663
96$113,307,132$3,453,771$0$88,315,504
97$124,722,504$3,481,051$0$97,128,622
98$137,297,773$3,505,196$0$106,835,667
99$151,151,107$3,525,912$0$117,527,717
100$166,412,724$3,542,885$0$129,305,139