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%11.1%
1 years$107,353$106,397$105,464$104,553$103,664$103,184
2 years$53,145$52,155$51,196$50,266$49,364$48,879
3 years$35,078$34,084$33,127$32,206$31,318$30,844
4 years$26,046$25,055$24,108$23,202$22,337$21,876
5 years$20,629$19,644$18,709$17,822$16,980$16,535
6 years$17,018$16,041$15,120$14,252$13,436$13,007
7 years$14,440$13,471$12,564$11,718$10,927$10,515
8 years$12,508$11,547$10,656$9,830$9,065$8,669
9 years$11,005$10,054$9,178$8,373$7,634$7,254
10 years$9,804$8,862$8,001$7,217$6,504$6,141
11 years$8,822$7,889$7,044$6,281$5,594$5,246
12 years$8,004$7,081$6,252$5,509$4,848$4,515
13 years$7,313$6,399$5,585$4,864$4,227$3,910
14 years$6,720$5,817$5,018$4,318$3,706$3,404
15 years$6,208$5,314$4,531$3,851$3,263$2,975
16 years$5,759$4,875$4,108$3,448$2,884$2,610
17 years$5,364$4,490$3,738$3,098$2,557$2,297
18 years$5,014$4,149$3,412$2,792$2,273$2,027
19 years$4,700$3,845$3,124$2,523$2,026$1,793
20 years$4,418$3,573$2,867$2,285$1,810$1,589
21 years$4,164$3,328$2,637$2,074$1,620$1,411
22 years$3,932$3,107$2,430$1,885$1,452$1,254
23 years$3,722$2,906$2,244$1,717$1,303$1,117
24 years$3,529$2,722$2,075$1,566$1,171$995
25 years$3,352$2,555$1,922$1,430$1,054$888
26 years$3,188$2,401$1,783$1,308$949$793
27 years$3,037$2,260$1,655$1,197$856$709
28 years$2,897$2,129$1,539$1,097$772$634
29 years$2,767$2,009$1,432$1,006$697$568
30 years$2,646$1,897$1,334$923$630$509
31 years$2,533$1,793$1,244$848$570$456
32 years$2,427$1,697$1,160$779$515$409
33 years$2,328$1,607$1,083$716$466$366
34 years$2,235$1,523$1,012$659$422$329
35 years$2,147$1,445$946$607$382$295
36 years$2,065$1,371$885$559$347$265
37 years$1,987$1,302$829$515$314$238
38 years$1,913$1,238$776$475$285$214
39 years$1,843$1,177$727$438$258$192
40 years$1,777$1,120$681$404$234$173
41 years$1,715$1,066$639$372$212$155
42 years$1,655$1,015$599$344$193$139
43 years$1,598$967$562$317$175$125
44 years$1,545$922$528$293$159$113
45 years$1,493$879$496$271$144$101
46 years$1,444$839$466$250$131$91
47 years$1,398$800$437$231$119$82
48 years$1,353$764$411$213$108$74
49 years$1,310$730$386$197$98$66
50 years$1,269$697$363$182$89$60

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 $6,574 every year, while hoping to spend $26,113 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: 59/35/6 Blend
46$1,300,000$1,300,000$1,300,000$1,300,000
47$1,439,381$1,370,481$1,350,331$1,522,225
48$1,558,414$1,409,851$1,367,783$1,617,897
49$1,688,713$1,450,274$1,384,945$1,718,590
50$1,831,400$1,491,776$1,401,778$1,827,715
51$1,987,709$1,534,379$1,418,245$1,946,081
52$2,159,002$1,578,110$1,434,302$2,074,580
53$2,346,775$1,622,993$1,449,907$2,214,191
54$2,552,680$1,669,053$1,465,012$2,365,995
55$2,778,533$1,716,316$1,479,569$2,531,179
56$3,026,335$1,764,807$1,493,527$2,711,050
57$3,298,291$1,814,553$1,506,830$2,907,049
58$3,596,830$1,865,580$1,519,422$3,120,760
59$3,924,627$1,917,913$1,531,243$3,353,928
60$4,284,627$1,971,579$1,542,228$3,608,476
61$4,680,078$2,026,606$1,552,312$3,886,519
62$5,114,556$2,083,018$1,561,423$4,190,389
63$5,591,998$2,140,844$1,569,489$4,522,651
64$6,116,747$2,200,110$1,576,431$4,886,132
65$6,693,582$2,260,843$1,582,169$5,283,946
66$7,327,771$2,323,068$1,586,616$5,719,523
67$8,025,119$2,386,813$1,589,682$6,196,640
68$8,792,018$2,452,104$1,591,273$6,719,458
69$9,635,513$2,518,967$1,591,290$7,292,560
70$10,563,366$2,587,427$1,589,630$7,920,997
71$11,584,129$2,657,510$1,586,182$8,610,332
72$12,707,224$2,729,242$1,580,832$9,366,691
73$13,943,031$2,802,645$1,573,461$10,196,828
74$15,302,991$2,877,746$1,563,942$11,108,181
75$16,799,707$2,954,566$1,552,145$12,108,943
76$18,447,065$3,033,128$1,537,930$13,208,146
77$20,260,369$3,113,454$1,521,154$14,415,737
78$22,256,478$3,195,565$1,501,664$15,742,676
79$24,453,971$3,279,480$1,479,302$17,201,041
80$26,873,319$3,365,217$1,453,902$18,804,138
81$29,537,080$3,452,795$1,425,290$20,566,629
82$32,470,109$3,542,229$1,393,283$22,504,670
83$35,699,794$3,633,532$1,357,693$24,636,061
84$39,256,316$3,726,718$1,318,318$26,980,418
85$43,172,930$3,821,798$1,274,952$29,559,353
86$47,486,282$3,918,778$1,227,376$32,396,683
87$52,236,751$4,017,667$1,175,362$35,518,651
88$57,468,835$4,118,468$1,118,671$38,954,174
89$63,231,566$4,221,182$1,057,056$42,735,116
90$69,578,973$4,325,808$990,255$46,896,592
91$76,570,596$4,432,341$917,997$51,477,294
92$84,272,044$4,540,772$839,997$56,519,859
93$92,755,614$4,651,091$755,958$62,071,270
94$102,100,974$4,763,282$665,570$68,183,303
95$112,395,916$4,877,326$568,509$74,913,010
96$123,737,182$4,993,198$464,437$82,323,262
97$136,231,380$5,110,869$353,000$90,483,339
98$149,995,985$5,230,306$233,830$99,469,589
99$165,160,453$5,351,469$106,542$109,366,143
100$181,867,441$5,474,313$0$120,265,710