Can I retire at age 47 with 1,270,000?

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 $1,270,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$104,875$103,941$103,030$102,140$101,272$99,965
2 years$51,919$50,952$50,014$49,106$48,225$46,910
3 years$34,269$33,297$32,363$31,463$30,596$29,314
4 years$25,445$24,477$23,552$22,667$21,821$20,582
5 years$20,153$19,190$18,277$17,410$16,588$15,395
6 years$16,625$15,670$14,771$13,923$13,126$11,981
7 years$14,107$13,160$12,274$11,447$10,675$9,578
8 years$12,219$11,281$10,410$9,603$8,856$7,807
9 years$10,751$9,822$8,966$8,179$7,458$6,457
10 years$9,578$8,657$7,817$7,051$6,354$5,401
11 years$8,618$7,707$6,882$6,136$5,465$4,558
12 years$7,819$6,918$6,107$5,382$4,736$3,873
13 years$7,144$6,251$5,456$4,752$4,130$3,311
14 years$6,565$5,682$4,903$4,218$3,620$2,845
15 years$6,064$5,191$4,426$3,762$3,187$2,453
16 years$5,627$4,763$4,013$3,368$2,817$2,123
17 years$5,241$4,386$3,652$3,026$2,498$1,843
18 years$4,898$4,053$3,334$2,727$2,221$1,603
19 years$4,592$3,756$3,052$2,464$1,980$1,398
20 years$4,316$3,491$2,801$2,232$1,768$1,221
21 years$4,068$3,251$2,576$2,026$1,582$1,068
22 years$3,842$3,035$2,374$1,842$1,418$935
23 years$3,636$2,839$2,192$1,677$1,273$820
24 years$3,447$2,660$2,028$1,530$1,144$720
25 years$3,274$2,496$1,878$1,397$1,030$632
26 years$3,115$2,346$1,742$1,277$928$556
27 years$2,967$2,208$1,617$1,169$836$489
28 years$2,831$2,080$1,503$1,071$755$431
29 years$2,704$1,962$1,399$982$681$379
30 years$2,585$1,853$1,303$902$616$334
31 years$2,475$1,752$1,215$828$557$295
32 years$2,371$1,658$1,134$761$503$260
33 years$2,274$1,570$1,058$700$456$229
34 years$2,183$1,488$989$644$413$202
35 years$2,098$1,411$925$593$374$179
36 years$2,017$1,339$865$546$339$158
37 years$1,941$1,272$810$503$307$139
38 years$1,869$1,209$758$464$278$123
39 years$1,801$1,150$710$427$252$109
40 years$1,736$1,094$666$394$229$96
41 years$1,675$1,041$624$364$208$85
42 years$1,617$992$586$336$188$75
43 years$1,562$945$549$310$171$66
44 years$1,509$901$516$286$155$58
45 years$1,459$859$484$264$141$52
46 years$1,411$819$455$244$128$46
47 years$1,365$782$427$226$116$40
48 years$1,322$746$402$208$105$36
49 years$1,280$713$377$193$96$32
50 years$1,240$681$355$178$87$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,270,000, adding $3,009 every year, while hoping to spend $31,623 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: 41/32/27 Blend
46$1,270,000$1,270,000$1,270,000$1,270,000
47$1,402,644$1,335,334$1,315,649$1,448,906
48$1,512,067$1,367,119$1,326,076$1,514,370
49$1,631,591$1,399,401$1,335,793$1,581,992
50$1,762,214$1,432,172$1,344,743$1,654,581
51$1,905,032$1,465,421$1,352,864$1,732,611
52$2,061,255$1,499,136$1,360,095$1,816,608
53$2,232,212$1,533,303$1,366,367$1,907,150
54$2,419,370$1,567,906$1,371,612$2,004,873
55$2,624,340$1,602,929$1,375,757$2,110,481
56$2,848,902$1,638,351$1,378,723$2,224,748
57$3,095,010$1,674,150$1,380,430$2,348,528
58$3,364,819$1,710,302$1,380,793$2,482,764
59$3,660,705$1,746,781$1,379,723$2,628,493
60$3,985,279$1,783,556$1,377,127$2,786,862
61$4,341,423$1,820,595$1,372,906$2,959,133
62$4,732,307$1,857,863$1,366,957$3,146,698
63$5,161,425$1,895,322$1,359,173$3,351,092
64$5,632,626$1,932,927$1,349,441$3,574,010
65$6,150,148$1,970,635$1,337,641$3,817,318
66$6,718,661$2,008,395$1,323,651$4,083,075
67$7,343,311$2,046,153$1,307,339$4,373,550
68$8,029,765$2,083,850$1,288,571$4,691,248
69$8,784,266$2,121,423$1,267,203$5,038,928
70$9,613,693$2,158,805$1,243,086$5,419,633
71$10,525,625$2,195,922$1,216,065$5,836,721
72$11,528,411$2,232,695$1,185,976$6,293,891
73$12,631,250$2,269,038$1,152,647$6,795,224
74$13,844,277$2,304,861$1,115,901$7,345,218
75$15,178,660$2,340,065$1,075,549$7,948,834
76$16,646,701$2,374,545$1,031,398$8,611,542
77$18,261,956$2,408,190$983,241$9,339,370
78$20,039,362$2,440,877$930,866$10,138,969
79$21,995,375$2,472,479$874,049$11,017,667
80$24,148,131$2,502,858$812,557$11,983,548
81$26,517,608$2,531,865$746,145$13,045,521
82$29,125,822$2,559,345$674,559$14,213,409
83$31,997,031$2,585,129$597,532$15,498,043
84$35,157,966$2,609,038$514,787$16,911,361
85$38,638,079$2,630,881$426,033$18,466,527
86$42,469,825$2,650,456$330,967$20,178,052
87$46,688,965$2,667,546$229,272$22,061,932
88$51,334,904$2,681,921$120,618$24,135,803
89$56,451,065$2,693,335$4,659$26,419,104
90$62,085,294$2,701,529$0$28,933,267
91$68,290,315$2,706,225$0$31,736,224
92$75,124,226$2,707,129$0$34,823,371
93$82,651,048$2,703,930$0$38,222,184
94$90,941,327$2,696,294$0$41,964,425
95$100,072,800$2,683,870$0$46,085,098
96$110,131,130$2,666,284$0$50,622,782
97$121,210,713$2,643,139$0$55,619,993
98$133,415,569$2,614,017$0$61,123,585
99$146,860,324$2,578,470$0$67,185,200
100$161,671,289$2,536,027$0$73,861,748