Can I retire at age 47 with 1,300,000?

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 $1,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$107,353$106,397$105,464$104,553$103,664$100,026
2 years$53,145$52,155$51,196$50,266$49,364$45,736
3 years$35,078$34,084$33,127$32,206$31,318$27,816
4 years$26,046$25,055$24,108$23,202$22,337$18,986
5 years$20,629$19,644$18,709$17,822$16,980$13,790
6 years$17,018$16,041$15,120$14,252$13,436$10,408
7 years$14,440$13,471$12,564$11,718$10,927$8,062
8 years$12,508$11,547$10,656$9,830$9,065$6,360
9 years$11,005$10,054$9,178$8,373$7,634$5,086
10 years$9,804$8,862$8,001$7,217$6,504$4,108
11 years$8,822$7,889$7,044$6,281$5,594$3,345
12 years$8,004$7,081$6,252$5,509$4,848$2,741
13 years$7,313$6,399$5,585$4,864$4,227$2,257
14 years$6,720$5,817$5,018$4,318$3,706$1,866
15 years$6,208$5,314$4,531$3,851$3,263$1,548
16 years$5,759$4,875$4,108$3,448$2,884$1,287
17 years$5,364$4,490$3,738$3,098$2,557$1,073
18 years$5,014$4,149$3,412$2,792$2,273$896
19 years$4,700$3,845$3,124$2,523$2,026$749
20 years$4,418$3,573$2,867$2,285$1,810$627
21 years$4,164$3,328$2,637$2,074$1,620$525
22 years$3,932$3,107$2,430$1,885$1,452$441
23 years$3,722$2,906$2,244$1,717$1,303$370
24 years$3,529$2,722$2,075$1,566$1,171$311
25 years$3,352$2,555$1,922$1,430$1,054$261
26 years$3,188$2,401$1,783$1,308$949$219
27 years$3,037$2,260$1,655$1,197$856$185
28 years$2,897$2,129$1,539$1,097$772$155
29 years$2,767$2,009$1,432$1,006$697$131
30 years$2,646$1,897$1,334$923$630$110
31 years$2,533$1,793$1,244$848$570$92
32 years$2,427$1,697$1,160$779$515$78
33 years$2,328$1,607$1,083$716$466$66
34 years$2,235$1,523$1,012$659$422$55
35 years$2,147$1,445$946$607$382$46
36 years$2,065$1,371$885$559$347$39
37 years$1,987$1,302$829$515$314$33
38 years$1,913$1,238$776$475$285$28
39 years$1,843$1,177$727$438$258$23
40 years$1,777$1,120$681$404$234$20
41 years$1,715$1,066$639$372$212$17
42 years$1,655$1,015$599$344$193$14
43 years$1,598$967$562$317$175$12
44 years$1,545$922$528$293$159$10
45 years$1,493$879$496$271$144$8
46 years$1,444$839$466$250$131$7
47 years$1,398$800$437$231$119$6
48 years$1,353$764$411$213$108$5
49 years$1,310$730$386$197$98$4
50 years$1,269$697$363$182$89$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,300,000, adding $4,901 every year, while hoping to spend $45,362 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: 44/43/13 Blend
46$1,300,000$1,300,000$1,300,000$1,300,000
47$1,437,655$1,368,755$1,348,605$1,495,331
48$1,536,031$1,387,560$1,345,519$1,554,848
49$1,642,921$1,405,765$1,340,809$1,614,363
50$1,759,146$1,423,294$1,334,372$1,677,870
51$1,885,608$1,440,064$1,326,103$1,745,756
52$2,023,300$1,455,988$1,315,888$1,818,448
53$2,173,316$1,470,970$1,303,609$1,896,417
54$2,336,858$1,484,912$1,289,144$1,980,185
55$2,515,250$1,497,705$1,272,363$2,070,329
56$2,709,950$1,509,236$1,253,130$2,167,485
57$2,922,560$1,519,384$1,231,305$2,272,357
58$3,154,846$1,528,019$1,206,740$2,385,724
59$3,408,752$1,535,004$1,179,277$2,508,445
60$3,686,419$1,540,193$1,148,757$2,641,470
61$3,990,201$1,543,430$1,115,008$2,785,849
62$4,322,694$1,544,551$1,077,853$2,942,742
63$4,686,755$1,543,380$1,037,107$3,113,430
64$5,085,528$1,539,730$992,575$3,299,328
65$5,522,480$1,533,404$944,053$3,502,000
66$6,001,424$1,524,192$891,331$3,723,173
67$6,526,564$1,511,872$834,185$3,964,755
68$7,102,528$1,496,208$772,384$4,228,852
69$7,734,413$1,476,949$705,686$4,517,790
70$8,427,833$1,453,831$633,837$4,834,140
71$9,188,976$1,426,571$556,574$5,180,737
72$10,024,651$1,394,874$473,619$5,560,715
73$10,942,366$1,358,423$384,686$5,977,530
74$11,950,386$1,316,884$289,471$6,435,002
75$13,057,819$1,269,905$187,662$6,937,344
76$14,274,697$1,217,111$78,930$7,489,209
77$15,612,074$1,158,108$0$8,095,731
78$17,082,127$1,092,476$0$8,767,726
79$18,698,270$1,019,773$0$9,518,321
80$20,475,283$939,531$0$10,343,509
81$22,429,449$851,256$0$11,250,965
82$24,578,710$754,425$0$12,249,150
83$26,942,832$648,485$0$13,347,399
84$29,543,592$532,852$0$14,556,009
85$32,404,986$406,909$0$15,886,335
86$35,553,453$270,006$0$17,350,904
87$39,018,123$121,454$0$18,963,530
88$42,831,093$0$0$20,739,447
89$47,027,730$0$0$22,714,135
90$51,647,001$0$0$24,951,134
91$56,731,845$0$0$27,413,792
92$62,329,573$0$0$30,125,047
93$68,492,319$0$0$33,110,174
94$75,277,527$0$0$36,397,023
95$82,748,494$0$0$40,016,284
96$90,974,968$0$0$44,001,773
97$100,033,806$0$0$48,390,752
98$110,009,696$0$0$53,224,282
99$120,995,959$0$0$58,547,608
100$133,095,427$0$0$64,410,590