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

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 $1,290,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$106,527$105,578$104,652$103,749$102,866$99,534
2 years$52,736$51,754$50,802$49,879$48,984$45,658
3 years$34,808$33,822$32,872$31,958$31,077$27,862
4 years$25,846$24,863$23,923$23,024$22,165$19,084
5 years$20,470$19,493$18,565$17,685$16,849$13,913
6 years$16,887$15,917$15,003$14,143$13,332$10,542
7 years$14,329$13,367$12,468$11,627$10,843$8,198
8 years$12,411$11,458$10,574$9,754$8,995$6,494
9 years$10,921$9,976$9,107$8,308$7,575$5,215
10 years$9,729$8,794$7,940$7,162$6,454$4,232
11 years$8,754$7,829$6,990$6,233$5,551$3,461
12 years$7,943$7,026$6,203$5,467$4,810$2,849
13 years$7,256$6,350$5,542$4,827$4,195$2,358
14 years$6,669$5,772$4,980$4,284$3,677$1,959
15 years$6,160$5,273$4,496$3,821$3,238$1,633
16 years$5,715$4,838$4,076$3,421$2,861$1,365
17 years$5,323$4,455$3,709$3,074$2,537$1,143
18 years$4,975$4,117$3,386$2,770$2,256$959
19 years$4,664$3,815$3,100$2,503$2,011$807
20 years$4,384$3,545$2,845$2,267$1,796$679
21 years$4,132$3,302$2,617$2,058$1,607$572
22 years$3,902$3,083$2,412$1,871$1,441$482
23 years$3,693$2,883$2,227$1,704$1,293$407
24 years$3,502$2,701$2,059$1,554$1,162$344
25 years$3,326$2,535$1,907$1,419$1,046$291
26 years$3,164$2,383$1,769$1,298$942$246
27 years$3,014$2,242$1,643$1,188$849$208
28 years$2,875$2,113$1,527$1,088$766$176
29 years$2,746$1,993$1,421$998$692$149
30 years$2,626$1,882$1,324$916$625$126
31 years$2,514$1,780$1,234$841$565$107
32 years$2,409$1,684$1,151$773$511$90
33 years$2,310$1,595$1,075$711$463$76
34 years$2,218$1,511$1,004$654$419$65
35 years$2,131$1,433$939$602$380$55
36 years$2,049$1,361$879$555$344$46
37 years$1,971$1,292$822$511$312$39
38 years$1,898$1,228$770$471$283$33
39 years$1,829$1,168$721$434$256$28
40 years$1,764$1,111$676$400$232$24
41 years$1,701$1,058$634$370$211$20
42 years$1,642$1,007$595$341$191$17
43 years$1,586$960$558$315$174$15
44 years$1,533$915$524$291$158$12
45 years$1,482$872$492$268$143$10
46 years$1,433$832$462$248$130$9
47 years$1,387$794$434$229$118$7
48 years$1,342$758$408$212$107$6
49 years$1,300$724$383$196$97$5
50 years$1,259$692$360$181$88$5

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 $2,367 every year, while hoping to spend $22,467 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: 43/36/21 Blend
46$1,290,000$1,290,000$1,290,000$1,290,000
47$1,424,022$1,355,652$1,335,657$1,476,452
48$1,545,367$1,398,174$1,356,496$1,556,339
49$1,678,337$1,442,027$1,377,281$1,640,472
50$1,824,093$1,487,251$1,397,986$1,731,165
51$1,983,915$1,533,891$1,418,583$1,829,037
52$2,159,212$1,581,990$1,439,043$1,934,764
53$2,351,537$1,631,593$1,459,337$2,049,094
54$2,562,600$1,682,747$1,479,431$2,172,848
55$2,794,284$1,735,501$1,499,291$2,306,928
56$3,048,665$1,789,904$1,518,881$2,452,330
57$3,328,027$1,846,008$1,538,162$2,610,146
58$3,634,889$1,903,865$1,557,093$2,781,582
59$3,972,024$1,963,531$1,575,632$2,967,963
60$4,342,488$2,025,061$1,593,733$3,170,748
61$4,749,646$2,088,514$1,611,348$3,391,545
62$5,197,208$2,153,949$1,628,426$3,632,121
63$5,689,258$2,221,428$1,644,913$3,894,425
64$6,230,299$2,291,014$1,660,754$4,180,601
65$6,825,289$2,362,773$1,675,889$4,493,011
66$7,479,692$2,436,773$1,690,255$4,834,258
67$8,199,529$2,513,082$1,703,786$5,207,204
68$8,991,431$2,591,774$1,716,413$5,615,005
69$9,862,707$2,672,921$1,728,063$6,061,137
70$10,821,409$2,756,600$1,738,659$6,549,427
71$11,876,409$2,842,890$1,748,121$7,084,091
72$13,037,482$2,931,871$1,756,362$7,669,774
73$14,315,400$3,023,627$1,763,295$8,311,592
74$15,722,030$3,118,244$1,768,825$9,015,181
75$17,270,450$3,215,811$1,772,853$9,786,750
76$18,975,069$3,316,419$1,775,277$10,633,140
77$20,851,765$3,420,162$1,775,987$11,561,886
78$22,918,033$3,527,137$1,774,870$12,581,290
79$25,193,150$3,637,446$1,771,807$13,700,500
80$27,698,361$3,751,189$1,766,672$14,929,594
81$30,457,071$3,868,475$1,759,333$16,279,675
82$33,495,075$3,989,413$1,749,652$17,762,976
83$36,840,793$4,114,114$1,737,486$19,392,978
84$40,525,545$4,242,697$1,722,683$21,184,533
85$44,583,842$4,375,281$1,705,085$23,154,004
86$49,053,712$4,511,988$1,684,524$25,319,424
87$53,977,063$4,652,948$1,660,828$27,700,660
88$59,400,072$4,798,291$1,633,813$30,319,604
89$65,373,624$4,948,151$1,603,291$33,200,378
90$71,953,792$5,102,670$1,569,060$36,369,564
91$79,202,368$5,261,990$1,530,912$39,856,450
92$87,187,441$5,426,259$1,488,629$43,693,311
93$95,984,044$5,595,629$1,441,983$47,915,708
94$105,674,860$5,770,259$1,390,733$52,562,831
95$116,351,004$5,950,309$1,334,630$57,677,861
96$128,112,879$6,135,948$1,273,413$63,308,383
97$141,071,129$6,327,345$1,206,809$69,506,832
98$155,347,679$6,524,680$1,134,531$76,330,989
99$171,076,887$6,728,133$1,056,283$83,844,524
100$188,406,811$6,937,894$971,750$92,117,600