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%12.1%
1 years$105,701$104,760$103,841$102,944$102,069$101,172
2 years$52,327$51,353$50,408$49,493$48,604$47,700
3 years$34,538$33,560$32,618$31,710$30,837$29,953
4 years$25,646$24,670$23,737$22,846$21,993$21,138
5 years$20,311$19,341$18,421$17,548$16,719$15,894
6 years$16,756$15,794$14,887$14,033$13,229$12,435
7 years$14,218$13,264$12,371$11,537$10,759$9,997
8 years$12,315$11,369$10,492$9,678$8,925$8,196
9 years$10,836$9,899$9,036$8,244$7,516$6,818
10 years$9,653$8,726$7,878$7,106$6,404$5,737
11 years$8,686$7,768$6,936$6,185$5,508$4,872
12 years$7,881$6,972$6,155$5,425$4,773$4,167
13 years$7,200$6,301$5,499$4,789$4,162$3,585
14 years$6,617$5,727$4,941$4,251$3,649$3,100
15 years$6,112$5,232$4,461$3,791$3,212$2,692
16 years$5,671$4,800$4,045$3,395$2,839$2,346
17 years$5,282$4,421$3,681$3,050$2,517$2,050
18 years$4,936$4,085$3,360$2,749$2,238$1,796
19 years$4,628$3,786$3,076$2,484$1,995$1,578
20 years$4,350$3,518$2,823$2,250$1,782$1,388
21 years$4,100$3,277$2,596$2,042$1,595$1,223
22 years$3,872$3,059$2,393$1,856$1,429$1,079
23 years$3,664$2,861$2,210$1,691$1,283$954
24 years$3,475$2,680$2,043$1,542$1,153$844
25 years$3,300$2,515$1,893$1,408$1,038$747
26 years$3,139$2,364$1,755$1,288$935$662
27 years$2,991$2,225$1,630$1,179$843$587
28 years$2,853$2,097$1,515$1,080$761$521
29 years$2,725$1,978$1,410$990$687$463
30 years$2,606$1,868$1,313$909$621$411
31 years$2,494$1,766$1,225$835$561$365
32 years$2,390$1,671$1,142$767$507$325
33 years$2,292$1,582$1,067$705$459$289
34 years$2,201$1,500$997$649$416$257
35 years$2,114$1,422$932$597$377$229
36 years$2,033$1,350$872$550$341$204
37 years$1,956$1,282$816$507$309$181
38 years$1,884$1,219$764$467$280$162
39 years$1,815$1,159$716$431$254$144
40 years$1,750$1,102$671$397$231$128
41 years$1,688$1,049$629$367$209$114
42 years$1,630$999$590$338$190$102
43 years$1,574$952$554$312$172$91
44 years$1,521$908$520$288$156$81
45 years$1,470$866$488$266$142$72
46 years$1,422$826$458$246$129$64
47 years$1,376$788$431$227$117$57
48 years$1,332$752$405$210$106$51
49 years$1,290$718$380$194$97$46
50 years$1,250$686$358$179$88$41

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 $6,184 every year, while hoping to spend $32,003 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: 85/7/8 Blend
46$1,280,000$1,280,000$1,280,000$1,280,000
47$1,416,939$1,349,099$1,329,259$1,535,622
48$1,527,416$1,381,154$1,339,738$1,646,078
49$1,648,088$1,413,707$1,349,496$1,762,409
50$1,779,964$1,446,748$1,358,474$1,889,208
51$1,924,149$1,480,268$1,366,612$2,027,506
52$2,081,863$1,514,253$1,373,845$2,178,440
53$2,254,451$1,548,688$1,380,106$2,343,262
54$2,443,390$1,583,559$1,385,324$2,523,349
55$2,650,308$1,618,846$1,389,425$2,720,220
56$2,877,000$1,654,530$1,392,331$2,935,546
57$3,125,439$1,690,587$1,393,960$3,171,169
58$3,397,802$1,726,994$1,394,225$3,429,118
59$3,696,482$1,763,721$1,393,037$3,711,627
60$4,024,120$1,800,740$1,390,300$4,021,157
61$4,383,620$1,838,016$1,385,915$4,360,420
62$4,778,184$1,875,514$1,379,778$4,732,403
63$5,211,338$1,913,193$1,371,779$5,140,397
64$5,686,965$1,951,010$1,361,805$5,588,028
65$6,209,345$1,988,919$1,349,734$6,079,290
66$6,783,190$2,026,868$1,335,443$6,618,585
67$7,413,693$2,064,802$1,318,797$7,210,760
68$8,106,574$2,102,661$1,299,661$7,861,159
69$8,868,134$2,140,381$1,277,889$8,575,667
70$9,705,316$2,177,892$1,253,331$9,360,770
71$10,625,768$2,215,119$1,225,827$10,223,614
72$11,637,918$2,251,981$1,195,214$11,172,073
73$12,751,049$2,288,391$1,161,317$12,214,824
74$13,975,390$2,324,257$1,123,955$13,361,425
75$15,322,212$2,359,477$1,082,940$14,622,411
76$16,803,931$2,393,946$1,038,072$16,009,389
77$18,434,230$2,427,547$989,145$17,535,149
78$20,228,183$2,460,158$935,943$19,213,785
79$22,202,399$2,491,647$878,238$21,060,827
80$24,375,180$2,521,874$815,796$23,093,388
81$26,766,691$2,550,688$748,367$25,330,326
82$29,399,151$2,577,929$675,695$27,792,420
83$32,297,043$2,603,427$597,510$30,502,569
84$35,487,344$2,626,997$513,529$33,486,006
85$38,999,780$2,648,447$423,459$36,770,537
86$42,867,105$2,667,569$326,993$40,386,803
87$47,125,412$2,684,142$223,809$44,368,568
88$51,814,471$2,697,932$113,574$48,753,042
89$56,978,106$2,708,689$0$53,581,226
90$62,664,606$2,716,148$0$58,898,652
91$68,927,182$2,720,026$0$64,765,132
92$75,824,472$2,720,024$0$71,225,864
93$83,421,086$2,715,824$0$78,341,347
94$91,788,225$2,707,087$0$86,178,248
95$101,004,344$2,693,455$0$94,810,032
96$111,155,900$2,674,547$0$104,317,652
97$122,338,162$2,649,959$0$114,790,319
98$134,656,112$2,619,265$0$126,326,339
99$148,225,435$2,582,009$0$139,034,040
100$163,173,613$2,537,711$0$153,032,798