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

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 $1,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$107,353$106,397$105,464$104,553$103,664$99,669
2 years$53,145$52,155$51,196$50,266$49,364$45,387
3 years$35,078$34,084$33,127$32,206$31,318$27,484
4 years$26,046$25,055$24,108$23,202$22,337$18,674
5 years$20,629$19,644$18,709$17,822$16,980$13,499
6 years$17,018$16,041$15,120$14,252$13,436$10,139
7 years$14,440$13,471$12,564$11,718$10,927$7,813
8 years$12,508$11,547$10,656$9,830$9,065$6,131
9 years$11,005$10,054$9,178$8,373$7,634$4,875
10 years$9,804$8,862$8,001$7,217$6,504$3,916
11 years$8,822$7,889$7,044$6,281$5,594$3,170
12 years$8,004$7,081$6,252$5,509$4,848$2,582
13 years$7,313$6,399$5,585$4,864$4,227$2,113
14 years$6,720$5,817$5,018$4,318$3,706$1,736
15 years$6,208$5,314$4,531$3,851$3,263$1,431
16 years$5,759$4,875$4,108$3,448$2,884$1,182
17 years$5,364$4,490$3,738$3,098$2,557$979
18 years$5,014$4,149$3,412$2,792$2,273$812
19 years$4,700$3,845$3,124$2,523$2,026$674
20 years$4,418$3,573$2,867$2,285$1,810$560
21 years$4,164$3,328$2,637$2,074$1,620$466
22 years$3,932$3,107$2,430$1,885$1,452$388
23 years$3,722$2,906$2,244$1,717$1,303$324
24 years$3,529$2,722$2,075$1,566$1,171$270
25 years$3,352$2,555$1,922$1,430$1,054$225
26 years$3,188$2,401$1,783$1,308$949$188
27 years$3,037$2,260$1,655$1,197$856$157
28 years$2,897$2,129$1,539$1,097$772$131
29 years$2,767$2,009$1,432$1,006$697$109
30 years$2,646$1,897$1,334$923$630$91
31 years$2,533$1,793$1,244$848$570$76
32 years$2,427$1,697$1,160$779$515$64
33 years$2,328$1,607$1,083$716$466$53
34 years$2,235$1,523$1,012$659$422$45
35 years$2,147$1,445$946$607$382$37
36 years$2,065$1,371$885$559$347$31
37 years$1,987$1,302$829$515$314$26
38 years$1,913$1,238$776$475$285$22
39 years$1,843$1,177$727$438$258$18
40 years$1,777$1,120$681$404$234$15
41 years$1,715$1,066$639$372$212$13
42 years$1,655$1,015$599$344$193$11
43 years$1,598$967$562$317$175$9
44 years$1,545$922$528$293$159$7
45 years$1,493$879$496$271$144$6
46 years$1,444$839$466$250$131$5
47 years$1,398$800$437$231$119$4
48 years$1,353$764$411$213$108$4
49 years$1,310$730$386$197$98$3
50 years$1,269$697$363$182$89$3

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 $5,727 every year, while hoping to spend $22,156 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: 66/10/24 Blend
46$1,300,000$1,300,000$1,300,000$1,300,000
47$1,438,507$1,369,607$1,349,457$1,524,172
48$1,561,661$1,413,144$1,371,090$1,626,044
49$1,696,634$1,458,072$1,392,706$1,734,346
50$1,844,609$1,504,435$1,414,279$1,852,247
51$2,006,886$1,552,280$1,435,785$1,980,691
52$2,184,901$1,601,654$1,457,196$2,120,721
53$2,380,233$1,652,607$1,478,484$2,273,482
54$2,594,622$1,705,190$1,499,618$2,440,239
55$2,829,984$1,759,455$1,520,566$2,622,382
56$3,088,430$1,815,456$1,541,292$2,821,445
57$3,372,285$1,873,249$1,561,762$3,039,115
58$3,684,113$1,932,892$1,581,935$3,277,253
59$4,026,734$1,994,446$1,601,772$3,537,906
60$4,403,258$2,057,971$1,621,228$3,823,334
61$4,817,111$2,123,532$1,640,259$4,136,021
62$5,272,065$2,191,193$1,658,816$4,478,708
63$5,772,277$2,261,024$1,676,849$4,854,413
64$6,322,329$2,333,094$1,694,303$5,266,461
65$6,927,267$2,407,476$1,711,123$5,718,517
66$7,592,650$2,484,244$1,727,247$6,214,617
67$8,324,605$2,563,476$1,742,614$6,759,209
68$9,129,880$2,645,252$1,757,157$7,357,195
69$10,015,913$2,729,654$1,770,807$8,013,975
70$10,990,897$2,816,768$1,783,490$8,735,498
71$12,063,860$2,906,681$1,795,128$9,528,322
72$13,244,750$2,999,484$1,805,641$10,399,671
73$14,544,527$3,095,272$1,814,943$11,357,506
74$15,975,269$3,194,141$1,822,944$12,410,599
75$17,550,284$3,296,191$1,829,550$13,568,616
76$19,284,235$3,401,526$1,834,662$14,842,208
77$21,193,279$3,510,253$1,838,175$16,243,113
78$23,295,220$3,622,482$1,839,980$17,784,264
79$25,609,676$3,738,328$1,839,964$19,479,913
80$28,158,265$3,857,908$1,838,004$21,345,767
81$30,964,806$3,981,344$1,833,976$23,399,130
82$34,055,548$4,108,761$1,827,746$25,659,076
83$37,459,415$4,240,291$1,819,176$28,146,618
84$41,208,277$4,376,067$1,808,120$30,884,918
85$45,337,255$4,516,228$1,794,426$33,899,494
86$49,885,049$4,660,918$1,777,933$37,218,471
87$54,894,305$4,810,284$1,758,475$40,872,839
88$60,412,017$4,964,480$1,735,876$44,896,750
89$66,489,967$5,123,664$1,709,953$49,327,840
90$73,185,220$5,288,000$1,680,513$54,207,580
91$80,560,657$5,457,657$1,647,355$59,581,675
92$88,685,571$5,632,808$1,610,268$65,500,488
93$97,636,319$5,813,636$1,569,032$72,019,520
94$107,497,045$6,000,326$1,523,416$79,199,933
95$118,360,473$6,193,072$1,473,180$87,109,128
96$130,328,781$6,392,071$1,418,071$95,821,380
97$143,514,565$6,597,532$1,357,825$105,418,538
98$158,041,906$6,809,665$1,292,167$115,990,802
99$174,047,534$7,028,692$1,220,808$127,637,573
100$191,682,124$7,254,841$1,143,447$140,468,387