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

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 $1,280,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$105,701$104,760$103,841$102,944$102,069$100,378
2 years$52,327$51,353$50,408$49,493$48,604$46,906
3 years$34,538$33,560$32,618$31,710$30,837$29,183
4 years$25,646$24,670$23,737$22,846$21,993$20,397
5 years$20,311$19,341$18,421$17,548$16,719$15,186
6 years$16,756$15,794$14,887$14,033$13,229$11,760
7 years$14,218$13,264$12,371$11,537$10,759$9,354
8 years$12,315$11,369$10,492$9,678$8,925$7,586
9 years$10,836$9,899$9,036$8,244$7,516$6,240
10 years$9,653$8,726$7,878$7,106$6,404$5,191
11 years$8,686$7,768$6,936$6,185$5,508$4,356
12 years$7,881$6,972$6,155$5,425$4,773$3,681
13 years$7,200$6,301$5,499$4,789$4,162$3,128
14 years$6,617$5,727$4,941$4,251$3,649$2,671
15 years$6,112$5,232$4,461$3,791$3,212$2,290
16 years$5,671$4,800$4,045$3,395$2,839$1,969
17 years$5,282$4,421$3,681$3,050$2,517$1,698
18 years$4,936$4,085$3,360$2,749$2,238$1,468
19 years$4,628$3,786$3,076$2,484$1,995$1,271
20 years$4,350$3,518$2,823$2,250$1,782$1,103
21 years$4,100$3,277$2,596$2,042$1,595$958
22 years$3,872$3,059$2,393$1,856$1,429$833
23 years$3,664$2,861$2,210$1,691$1,283$726
24 years$3,475$2,680$2,043$1,542$1,153$633
25 years$3,300$2,515$1,893$1,408$1,038$552
26 years$3,139$2,364$1,755$1,288$935$482
27 years$2,991$2,225$1,630$1,179$843$421
28 years$2,853$2,097$1,515$1,080$761$368
29 years$2,725$1,978$1,410$990$687$322
30 years$2,606$1,868$1,313$909$621$281
31 years$2,494$1,766$1,225$835$561$246
32 years$2,390$1,671$1,142$767$507$215
33 years$2,292$1,582$1,067$705$459$189
34 years$2,201$1,500$997$649$416$165
35 years$2,114$1,422$932$597$377$145
36 years$2,033$1,350$872$550$341$127
37 years$1,956$1,282$816$507$309$111
38 years$1,884$1,219$764$467$280$97
39 years$1,815$1,159$716$431$254$85
40 years$1,750$1,102$671$397$231$75
41 years$1,688$1,049$629$367$209$66
42 years$1,630$999$590$338$190$57
43 years$1,574$952$554$312$172$50
44 years$1,521$908$520$288$156$44
45 years$1,470$866$488$266$142$39
46 years$1,422$826$458$246$129$34
47 years$1,376$788$431$227$117$30
48 years$1,332$752$405$210$106$26
49 years$1,290$718$380$194$97$23
50 years$1,250$686$358$179$88$20

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 $5,535 every year, while hoping to spend $47,141 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: 72/5/23 Blend
46$1,280,000$1,280,000$1,280,000$1,280,000
47$1,416,269$1,348,429$1,328,589$1,509,785
48$1,510,571$1,364,345$1,322,939$1,588,770
49$1,612,912$1,379,460$1,315,520$1,669,132
50$1,724,061$1,393,686$1,306,223$1,755,995
51$1,844,867$1,406,928$1,294,933$1,849,999
52$1,976,261$1,419,085$1,281,531$1,951,849
53$2,119,269$1,430,049$1,265,891$2,062,324
54$2,275,018$1,439,706$1,247,882$2,182,281
55$2,444,751$1,447,932$1,227,367$2,312,668
56$2,629,833$1,454,599$1,204,201$2,454,527
57$2,831,769$1,459,567$1,178,235$2,609,008
58$3,052,214$1,462,690$1,149,310$2,777,381
59$3,292,989$1,463,811$1,117,262$2,961,043
60$3,556,101$1,462,765$1,081,917$3,161,536
61$3,843,759$1,459,376$1,043,097$3,380,561
62$4,158,393$1,453,456$1,000,611$3,619,992
63$4,502,680$1,444,807$954,263$3,881,896
64$4,879,569$1,433,218$903,846$4,168,553
65$5,292,306$1,418,466$849,146$4,482,475
66$5,744,464$1,400,314$789,936$4,826,434
67$6,239,982$1,378,512$725,981$5,203,482
68$6,783,195$1,352,794$657,036$5,616,989
69$7,378,877$1,322,877$582,843$6,070,668
70$8,032,289$1,288,464$503,134$6,568,612
71$8,749,222$1,249,239$417,629$7,115,335
72$9,536,059$1,204,867$326,035$7,715,812
73$10,399,827$1,154,996$228,048$8,375,530
74$11,348,268$1,099,250$123,346$9,100,537
75$12,389,912$1,037,234$11,599$9,897,499
76$13,534,153$968,528$0$10,773,767
77$14,791,342$892,691$0$11,763,863
78$16,172,880$809,255$0$12,855,056
79$17,691,329$717,723$0$14,054,436
80$19,360,528$617,575$0$15,372,955
81$21,195,722$508,256$0$16,822,681
82$23,213,709$389,185$0$18,416,910
83$25,432,996$259,743$0$20,170,293
84$27,873,972$119,281$0$22,098,972
85$30,559,102$0$0$24,220,737
86$33,513,138$0$0$26,556,996
87$36,763,351$0$0$29,134,785
88$40,339,789$0$0$31,971,380
89$44,275,562$0$0$35,093,051
90$48,607,149$0$0$38,528,742
91$53,374,745$0$0$42,310,343
92$58,622,641$0$0$46,472,994
93$64,399,637$0$0$51,055,417
94$70,759,508$0$0$56,100,275
95$77,761,505$0$0$61,654,581
96$85,470,919$0$0$67,770,136
97$93,959,693$0$0$74,504,022
98$103,307,099$0$0$81,919,137
99$113,600,491$0$0$90,084,787
100$124,936,126$0$0$99,077,346