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%19.8%
1 years$105,701$104,760$103,841$102,944$102,069$98,058
2 years$52,327$51,353$50,408$49,493$48,604$44,612
3 years$34,538$33,560$32,618$31,710$30,837$26,989
4 years$25,646$24,670$23,737$22,846$21,993$18,320
5 years$20,311$19,341$18,421$17,548$16,719$13,229
6 years$16,756$15,794$14,887$14,033$13,229$9,925
7 years$14,218$13,264$12,371$11,537$10,759$7,639
8 years$12,315$11,369$10,492$9,678$8,925$5,987
9 years$10,836$9,899$9,036$8,244$7,516$4,755
10 years$9,653$8,726$7,878$7,106$6,404$3,815
11 years$8,686$7,768$6,936$6,185$5,508$3,084
12 years$7,881$6,972$6,155$5,425$4,773$2,509
13 years$7,200$6,301$5,499$4,789$4,162$2,050
14 years$6,617$5,727$4,941$4,251$3,649$1,682
15 years$6,112$5,232$4,461$3,791$3,212$1,384
16 years$5,671$4,800$4,045$3,395$2,839$1,142
17 years$5,282$4,421$3,681$3,050$2,517$944
18 years$4,936$4,085$3,360$2,749$2,238$782
19 years$4,628$3,786$3,076$2,484$1,995$648
20 years$4,350$3,518$2,823$2,250$1,782$538
21 years$4,100$3,277$2,596$2,042$1,595$447
22 years$3,872$3,059$2,393$1,856$1,429$372
23 years$3,664$2,861$2,210$1,691$1,283$309
24 years$3,475$2,680$2,043$1,542$1,153$258
25 years$3,300$2,515$1,893$1,408$1,038$215
26 years$3,139$2,364$1,755$1,288$935$179
27 years$2,991$2,225$1,630$1,179$843$149
28 years$2,853$2,097$1,515$1,080$761$124
29 years$2,725$1,978$1,410$990$687$104
30 years$2,606$1,868$1,313$909$621$86
31 years$2,494$1,766$1,225$835$561$72
32 years$2,390$1,671$1,142$767$507$60
33 years$2,292$1,582$1,067$705$459$50
34 years$2,201$1,500$997$649$416$42
35 years$2,114$1,422$932$597$377$35
36 years$2,033$1,350$872$550$341$29
37 years$1,956$1,282$816$507$309$24
38 years$1,884$1,219$764$467$280$20
39 years$1,815$1,159$716$431$254$17
40 years$1,750$1,102$671$397$231$14
41 years$1,688$1,049$629$367$209$12
42 years$1,630$999$590$338$190$10
43 years$1,574$952$554$312$172$8
44 years$1,521$908$520$288$156$7
45 years$1,470$866$488$266$142$6
46 years$1,422$826$458$246$129$5
47 years$1,376$788$431$227$117$4
48 years$1,332$752$405$210$106$3
49 years$1,290$718$380$194$97$3
50 years$1,250$686$358$179$88$2

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 $6,542 every year, while hoping to spend $48,848 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: 63/32/5 Blend
46$1,280,000$1,280,000$1,280,000$1,280,000
47$1,417,308$1,349,468$1,329,628$1,505,128
48$1,509,900$1,363,618$1,322,197$1,578,569
49$1,610,298$1,376,824$1,312,879$1,652,357
50$1,719,249$1,388,989$1,301,561$1,731,633
51$1,837,571$1,400,008$1,288,121$1,816,925
52$1,966,164$1,409,769$1,272,435$1,908,816
53$2,106,021$1,418,156$1,254,369$2,007,946
54$2,258,231$1,425,042$1,233,787$2,115,023
55$2,423,995$1,430,293$1,210,543$2,230,829
56$2,604,633$1,433,768$1,184,486$2,356,224
57$2,801,597$1,435,314$1,155,458$2,492,159
58$3,016,487$1,434,772$1,123,294$2,639,681
59$3,251,064$1,431,971$1,087,819$2,799,947
60$3,507,265$1,426,730$1,048,853$2,974,232
61$3,787,223$1,418,856$1,006,207$3,163,943
62$4,093,286$1,408,147$959,682$3,370,631
63$4,428,041$1,394,386$909,070$3,596,010
64$4,794,333$1,377,343$854,157$3,841,966
65$5,195,299$1,356,776$794,714$4,110,584
66$5,634,389$1,332,428$730,507$4,404,162
67$6,115,405$1,304,025$661,287$4,725,235
68$6,642,533$1,271,279$586,797$5,076,598
69$7,220,384$1,233,885$506,768$5,461,338
70$7,854,036$1,191,518$420,917$5,882,855
71$8,549,082$1,143,836$328,952$6,344,903
72$9,311,681$1,090,476$230,564$6,851,622
73$10,148,618$1,031,056$125,434$7,407,577
74$11,067,369$965,169$13,228$8,017,804
75$12,076,165$892,387$0$8,687,856
76$13,184,075$812,256$0$9,429,543
77$14,401,092$724,297$0$10,245,059
78$15,738,219$628,004$0$11,141,170
79$17,207,583$522,841$0$12,126,113
80$18,822,539$408,243$0$13,208,973
81$20,597,804$283,613$0$14,399,765
82$22,549,590$148,320$0$15,709,534
83$24,695,759$1,699$0$17,150,456
84$27,055,990$0$0$18,735,958
85$29,651,964$0$0$20,536,111
86$32,507,569$0$0$22,517,067
87$35,649,127$0$0$24,696,498
88$39,105,635$0$0$27,094,536
89$42,909,046$0$0$29,733,362
90$47,094,567$0$0$32,637,416
91$51,700,988$0$0$35,833,628
92$56,771,051$0$0$39,351,670
93$62,351,852$0$0$43,224,238
94$68,495,284$0$0$47,487,357
95$75,258,529$0$0$52,180,722
96$82,704,591$0$0$57,348,075
97$90,902,897$0$0$63,037,613
98$99,929,947$0$0$69,302,445
99$109,870,037$0$0$76,201,092
100$120,816,054$0$0$83,798,039