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%17.2%
1 years$107,353$106,397$105,464$104,553$103,664$100,628
2 years$53,145$52,155$51,196$50,266$49,364$46,330
3 years$35,078$34,084$33,127$32,206$31,318$28,381
4 years$26,046$25,055$24,108$23,202$22,337$19,519
5 years$20,629$19,644$18,709$17,822$16,980$14,289
6 years$17,018$16,041$15,120$14,252$13,436$10,875
7 years$14,440$13,471$12,564$11,718$10,927$8,495
8 years$12,508$11,547$10,656$9,830$9,065$6,762
9 years$11,005$10,054$9,178$8,373$7,634$5,456
10 years$9,804$8,862$8,001$7,217$6,504$4,450
11 years$8,822$7,889$7,044$6,281$5,594$3,659
12 years$8,004$7,081$6,252$5,509$4,848$3,028
13 years$7,313$6,399$5,585$4,864$4,227$2,519
14 years$6,720$5,817$5,018$4,318$3,706$2,104
15 years$6,208$5,314$4,531$3,851$3,263$1,764
16 years$5,759$4,875$4,108$3,448$2,884$1,483
17 years$5,364$4,490$3,738$3,098$2,557$1,250
18 years$5,014$4,149$3,412$2,792$2,273$1,055
19 years$4,700$3,845$3,124$2,523$2,026$892
20 years$4,418$3,573$2,867$2,285$1,810$756
21 years$4,164$3,328$2,637$2,074$1,620$641
22 years$3,932$3,107$2,430$1,885$1,452$544
23 years$3,722$2,906$2,244$1,717$1,303$462
24 years$3,529$2,722$2,075$1,566$1,171$392
25 years$3,352$2,555$1,922$1,430$1,054$334
26 years$3,188$2,401$1,783$1,308$949$284
27 years$3,037$2,260$1,655$1,197$856$242
28 years$2,897$2,129$1,539$1,097$772$206
29 years$2,767$2,009$1,432$1,006$697$175
30 years$2,646$1,897$1,334$923$630$149
31 years$2,533$1,793$1,244$848$570$127
32 years$2,427$1,697$1,160$779$515$108
33 years$2,328$1,607$1,083$716$466$92
34 years$2,235$1,523$1,012$659$422$79
35 years$2,147$1,445$946$607$382$67
36 years$2,065$1,371$885$559$347$57
37 years$1,987$1,302$829$515$314$49
38 years$1,913$1,238$776$475$285$42
39 years$1,843$1,177$727$438$258$36
40 years$1,777$1,120$681$404$234$30
41 years$1,715$1,066$639$372$212$26
42 years$1,655$1,015$599$344$193$22
43 years$1,598$967$562$317$175$19
44 years$1,545$922$528$293$159$16
45 years$1,493$879$496$271$144$14
46 years$1,444$839$466$250$131$12
47 years$1,398$800$437$231$119$10
48 years$1,353$764$411$213$108$9
49 years$1,310$730$386$197$98$7
50 years$1,269$697$363$182$89$6

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 $5,525 every year, while hoping to spend $59,029 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: 86/6/8 Blend
46$1,300,000$1,300,000$1,300,000$1,300,000
47$1,438,299$1,369,399$1,349,249$1,560,319
48$1,522,199$1,373,693$1,331,642$1,645,041
49$1,612,679$1,376,219$1,311,468$1,729,466
50$1,710,346$1,376,829$1,288,576$1,820,364
51$1,815,871$1,375,363$1,262,813$1,918,346
52$1,929,988$1,371,654$1,234,016$2,024,085
53$2,053,505$1,365,523$1,202,014$2,138,322
54$2,187,311$1,356,782$1,166,629$2,261,873
55$2,332,382$1,345,229$1,127,676$2,395,634
56$2,489,792$1,330,653$1,084,961$2,540,595
57$2,660,722$1,312,826$1,038,278$2,697,844
58$2,846,472$1,291,511$987,417$2,868,580
59$3,048,471$1,266,453$932,154$3,054,124
60$3,268,290$1,237,385$872,256$3,255,929
61$3,507,661$1,204,022$807,482$3,475,598
62$3,768,487$1,166,064$737,577$3,714,895
63$4,052,863$1,123,191$662,276$3,975,765
64$4,363,095$1,075,067$581,302$4,260,348
65$4,701,721$1,021,336$494,366$4,571,004
66$5,071,535$961,620$401,166$4,910,333
67$5,475,613$895,520$301,386$5,281,198
68$5,917,340$822,615$194,697$5,686,755
69$6,400,444$742,459$80,756$6,130,480
70$6,929,031$654,581$0$6,616,206
71$7,507,619$558,483$0$7,151,638
72$8,141,186$453,638$0$7,745,526
73$8,835,212$339,491$0$8,396,128
74$9,595,733$215,455$0$9,109,128
75$10,429,395$80,911$0$9,890,786
76$11,343,521$0$0$10,747,999
77$12,346,173$0$0$11,692,644
78$13,446,232$0$0$12,734,937
79$14,653,481$0$0$13,878,809
80$15,978,695$0$0$15,134,470
81$17,433,743$0$0$16,513,169
82$19,031,700$0$0$18,027,298
83$20,786,970$0$0$19,690,505
84$22,715,420$0$0$21,517,830
85$24,834,530$0$0$23,525,836
86$27,163,556$0$0$25,732,775
87$29,723,713$0$0$28,158,751
88$32,538,375$0$0$30,825,916
89$35,633,293$0$0$33,758,673
90$39,036,835$0$0$36,983,910
91$42,780,261$0$0$40,531,249
92$46,898,009$0$0$44,433,329
93$51,428,024$0$0$48,726,109
94$56,412,112$0$0$53,449,212
95$61,896,337$0$0$58,646,291
96$67,931,455$0$0$64,365,449
97$74,573,388$0$0$70,659,683
98$81,883,755$0$0$77,587,391
99$89,930,452$0$0$85,212,919
100$98,788,290$0$0$93,607,166