Can I retire at age 47 with 1,290,000?

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 $1,290,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$106,527$105,578$104,652$103,749$102,866$99,854
2 years$52,736$51,754$50,802$49,879$48,984$45,973
3 years$34,808$33,822$32,872$31,958$31,077$28,163
4 years$25,846$24,863$23,923$23,024$22,165$19,369
5 years$20,470$19,493$18,565$17,685$16,849$14,179
6 years$16,887$15,917$15,003$14,143$13,332$10,791
7 years$14,329$13,367$12,468$11,627$10,843$8,430
8 years$12,411$11,458$10,574$9,754$8,995$6,710
9 years$10,921$9,976$9,107$8,308$7,575$5,414
10 years$9,729$8,794$7,940$7,162$6,454$4,416
11 years$8,754$7,829$6,990$6,233$5,551$3,631
12 years$7,943$7,026$6,203$5,467$4,810$3,005
13 years$7,256$6,350$5,542$4,827$4,195$2,499
14 years$6,669$5,772$4,980$4,284$3,677$2,088
15 years$6,160$5,273$4,496$3,821$3,238$1,750
16 years$5,715$4,838$4,076$3,421$2,861$1,471
17 years$5,323$4,455$3,709$3,074$2,537$1,240
18 years$4,975$4,117$3,386$2,770$2,256$1,047
19 years$4,664$3,815$3,100$2,503$2,011$885
20 years$4,384$3,545$2,845$2,267$1,796$750
21 years$4,132$3,302$2,617$2,058$1,607$636
22 years$3,902$3,083$2,412$1,871$1,441$539
23 years$3,693$2,883$2,227$1,704$1,293$458
24 years$3,502$2,701$2,059$1,554$1,162$389
25 years$3,326$2,535$1,907$1,419$1,046$331
26 years$3,164$2,383$1,769$1,298$942$282
27 years$3,014$2,242$1,643$1,188$849$240
28 years$2,875$2,113$1,527$1,088$766$204
29 years$2,746$1,993$1,421$998$692$174
30 years$2,626$1,882$1,324$916$625$148
31 years$2,514$1,780$1,234$841$565$126
32 years$2,409$1,684$1,151$773$511$108
33 years$2,310$1,595$1,075$711$463$92
34 years$2,218$1,511$1,004$654$419$78
35 years$2,131$1,433$939$602$380$67
36 years$2,049$1,361$879$555$344$57
37 years$1,971$1,292$822$511$312$49
38 years$1,898$1,228$770$471$283$41
39 years$1,829$1,168$721$434$256$35
40 years$1,764$1,111$676$400$232$30
41 years$1,701$1,058$634$370$211$26
42 years$1,642$1,007$595$341$191$22
43 years$1,586$960$558$315$174$19
44 years$1,533$915$524$291$158$16
45 years$1,482$872$492$268$143$14
46 years$1,433$832$462$248$130$12
47 years$1,387$794$434$229$118$10
48 years$1,342$758$408$212$107$8
49 years$1,300$724$383$196$97$7
50 years$1,259$692$360$181$88$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,290,000, adding $5,337 every year, while hoping to spend $26,750 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: 35/46/19 Blend
46$1,290,000$1,290,000$1,290,000$1,290,000
47$1,427,085$1,358,715$1,338,720$1,468,583
48$1,544,186$1,396,830$1,355,105$1,537,553
49$1,672,335$1,435,917$1,371,143$1,609,048
50$1,812,630$1,475,994$1,386,793$1,685,631
51$1,966,281$1,517,080$1,402,014$1,767,771
52$2,134,620$1,559,196$1,416,760$1,855,981
53$2,319,116$1,602,361$1,430,986$1,950,829
54$2,521,383$1,646,593$1,444,641$2,052,936
55$2,743,201$1,691,914$1,457,674$2,162,989
56$2,986,531$1,738,341$1,470,029$2,281,743
57$3,253,531$1,785,894$1,481,649$2,410,027
58$3,546,580$1,834,591$1,492,473$2,548,757
59$3,868,298$1,884,453$1,502,438$2,698,939
60$4,221,570$1,935,497$1,511,475$2,861,682
61$4,609,574$1,987,741$1,519,514$3,038,208
62$5,035,814$2,041,203$1,526,480$3,229,861
63$5,504,146$2,095,901$1,532,296$3,438,122
64$6,018,820$2,151,851$1,536,880$3,664,622
65$6,584,518$2,209,070$1,540,144$3,911,159
66$7,206,399$2,267,574$1,541,998$4,179,711
67$7,890,144$2,327,378$1,542,348$4,472,460
68$8,642,016$2,388,497$1,541,093$4,791,807
69$9,468,911$2,450,943$1,538,130$5,140,398
70$10,378,430$2,514,729$1,533,347$5,521,151
71$11,378,946$2,579,867$1,526,630$5,937,278
72$12,479,685$2,646,367$1,517,859$6,392,317
73$13,690,812$2,714,238$1,506,907$6,890,171
74$15,023,528$2,783,489$1,493,641$7,435,136
75$16,490,172$2,854,124$1,477,922$8,031,949
76$18,104,343$2,926,149$1,459,606$8,685,827
77$19,881,023$2,999,567$1,438,540$9,402,520
78$21,836,720$3,074,379$1,414,563$10,188,367
79$23,989,625$3,150,583$1,387,511$11,050,349
80$26,359,781$3,228,177$1,357,207$11,996,161
81$28,969,275$3,307,153$1,323,470$13,034,283
82$31,842,442$3,387,505$1,286,107$14,174,061
83$35,006,099$3,469,220$1,244,919$15,425,793
84$38,489,794$3,552,285$1,199,697$16,800,828
85$42,326,088$3,636,682$1,150,222$18,311,673
86$46,550,859$3,722,390$1,096,265$19,972,112
87$51,203,644$3,809,384$1,037,587$21,797,335
88$56,328,007$3,897,635$973,937$23,804,082
89$61,971,956$3,987,111$905,056$26,010,803
90$68,188,390$4,077,774$830,670$28,437,830
91$75,035,602$4,169,581$750,494$31,107,570
92$82,577,827$4,262,485$664,229$34,044,716
93$90,885,850$4,356,431$571,566$37,276,484
94$100,037,672$4,451,361$472,178$40,832,867
95$110,119,245$4,547,209$365,727$44,746,918
96$121,225,288$4,643,902$251,858$49,055,066
97$133,460,174$4,741,360$130,202$53,797,457
98$146,938,921$4,839,495$373$59,018,334
99$161,788,272$4,938,213$0$64,766,459
100$178,147,898$5,037,407$0$71,123,582