Can I retire at age 47 with 1,280,000?

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 $1,280,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$105,701$104,760$103,841$102,944$102,069$99,400
2 years$52,327$51,353$50,408$49,493$48,604$45,933
3 years$34,538$33,560$32,618$31,710$30,837$28,247
4 years$25,646$24,670$23,737$22,846$21,993$19,505
5 years$20,311$19,341$18,421$17,548$16,719$14,340
6 years$16,756$15,794$14,887$14,033$13,229$10,961
7 years$14,218$13,264$12,371$11,537$10,759$8,602
8 years$12,315$11,369$10,492$9,678$8,925$6,878
9 years$10,836$9,899$9,036$8,244$7,516$5,578
10 years$9,653$8,726$7,878$7,106$6,404$4,571
11 years$8,686$7,768$6,936$6,185$5,508$3,778
12 years$7,881$6,972$6,155$5,425$4,773$3,143
13 years$7,200$6,301$5,499$4,789$4,162$2,629
14 years$6,617$5,727$4,941$4,251$3,649$2,208
15 years$6,112$5,232$4,461$3,791$3,212$1,862
16 years$5,671$4,800$4,045$3,395$2,839$1,574
17 years$5,282$4,421$3,681$3,050$2,517$1,334
18 years$4,936$4,085$3,360$2,749$2,238$1,133
19 years$4,628$3,786$3,076$2,484$1,995$964
20 years$4,350$3,518$2,823$2,250$1,782$821
21 years$4,100$3,277$2,596$2,042$1,595$701
22 years$3,872$3,059$2,393$1,856$1,429$598
23 years$3,664$2,861$2,210$1,691$1,283$511
24 years$3,475$2,680$2,043$1,542$1,153$437
25 years$3,300$2,515$1,893$1,408$1,038$374
26 years$3,139$2,364$1,755$1,288$935$321
27 years$2,991$2,225$1,630$1,179$843$275
28 years$2,853$2,097$1,515$1,080$761$235
29 years$2,725$1,978$1,410$990$687$202
30 years$2,606$1,868$1,313$909$621$173
31 years$2,494$1,766$1,225$835$561$148
32 years$2,390$1,671$1,142$767$507$127
33 years$2,292$1,582$1,067$705$459$109
34 years$2,201$1,500$997$649$416$94
35 years$2,114$1,422$932$597$377$81
36 years$2,033$1,350$872$550$341$69
37 years$1,956$1,282$816$507$309$59
38 years$1,884$1,219$764$467$280$51
39 years$1,815$1,159$716$431$254$44
40 years$1,750$1,102$671$397$231$38
41 years$1,688$1,049$629$367$209$32
42 years$1,630$999$590$338$190$28
43 years$1,574$952$554$312$172$24
44 years$1,521$908$520$288$156$20
45 years$1,470$866$488$266$142$18
46 years$1,422$826$458$246$129$15
47 years$1,376$788$431$227$117$13
48 years$1,332$752$405$210$106$11
49 years$1,290$718$380$194$97$10
50 years$1,250$686$358$179$88$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,280,000, adding $6,064 every year, while hoping to spend $29,719 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: 69/19/12 Blend
46$1,280,000$1,280,000$1,280,000$1,280,000
47$1,416,815$1,348,975$1,329,135$1,510,498
48$1,529,709$1,383,454$1,342,040$1,607,983
49$1,653,123$1,418,626$1,354,382$1,710,449
50$1,788,097$1,454,495$1,366,109$1,821,770
51$1,935,779$1,491,061$1,377,170$1,942,813
52$2,097,431$1,528,326$1,387,508$2,074,531
53$2,274,444$1,566,289$1,397,064$2,217,974
54$2,468,350$1,604,949$1,405,778$2,374,299
55$2,680,834$1,644,304$1,413,584$2,544,780
56$2,913,753$1,684,349$1,420,414$2,730,819
57$3,169,154$1,725,081$1,426,196$2,933,963
58$3,449,289$1,766,491$1,430,855$3,155,914
59$3,756,640$1,808,572$1,434,311$3,398,547
60$4,093,939$1,851,314$1,436,483$3,663,928
61$4,464,198$1,894,706$1,437,282$3,954,334
62$4,870,733$1,938,732$1,436,617$4,272,272
63$5,317,196$1,983,379$1,434,393$4,620,505
64$5,807,613$2,028,627$1,430,507$5,002,077
65$6,346,416$2,074,456$1,424,856$5,420,343
66$6,938,489$2,120,844$1,417,328$5,878,996
67$7,589,213$2,167,763$1,407,806$6,382,110
68$8,304,515$2,215,186$1,396,170$6,934,171
69$9,090,927$2,263,081$1,382,293$7,540,122
70$9,955,641$2,311,412$1,366,040$8,205,411
71$10,906,586$2,360,141$1,347,272$8,936,040
72$11,952,495$2,409,225$1,325,842$9,738,624
73$13,102,989$2,458,617$1,301,598$10,620,450
74$14,368,672$2,508,266$1,274,379$11,589,550
75$15,761,222$2,558,118$1,244,017$12,654,775
76$17,293,512$2,608,111$1,210,336$13,825,877
77$18,979,722$2,658,179$1,173,154$15,113,604
78$20,835,477$2,708,253$1,132,278$16,529,798
79$22,877,993$2,758,255$1,087,506$18,087,512
80$25,126,240$2,808,102$1,038,630$19,801,125
81$27,601,122$2,857,704$985,429$21,686,489
82$30,325,670$2,906,965$927,675$23,761,068
83$33,325,262$2,955,780$865,126$26,044,110
84$36,627,864$3,004,039$797,533$28,556,824
85$40,264,289$3,051,619$724,633$31,322,586
86$44,268,491$3,098,394$646,153$34,367,154
87$48,677,885$3,144,223$561,807$37,718,913
88$53,533,699$3,188,959$471,297$41,409,148
89$58,881,362$3,232,444$374,311$45,472,330
90$64,770,934$3,274,506$270,523$49,946,452
91$71,257,577$3,314,966$159,594$54,873,380
92$78,402,079$3,353,628$41,170$60,299,252
93$86,271,422$3,390,286$0$66,274,912
94$94,939,415$3,424,719$0$72,867,305
95$104,487,396$3,456,690$0$80,133,603
96$115,004,992$3,485,950$0$88,136,632
97$126,590,969$3,512,229$0$96,951,437
98$139,354,162$3,535,243$0$106,660,718
99$153,414,506$3,554,689$0$117,355,608
100$168,904,160$3,570,243$0$129,136,536