Can I retire at age 47 with 1,310,000?

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 $1,310,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$108,179$107,215$106,275$105,357$104,461$102,520
2 years$53,554$52,556$51,590$50,653$49,743$47,795
3 years$35,348$34,346$33,382$32,454$31,559$29,664
4 years$26,247$25,248$24,294$23,381$22,508$20,681
5 years$20,787$19,795$18,853$17,959$17,110$15,357
6 years$17,149$16,164$15,236$14,362$13,539$11,860
7 years$14,551$13,574$12,661$11,808$11,011$9,408
8 years$12,604$11,636$10,738$9,905$9,135$7,607
9 years$11,090$10,131$9,248$8,437$7,693$6,239
10 years$9,880$8,930$8,063$7,273$6,554$5,174
11 years$8,890$7,950$7,098$6,329$5,637$4,328
12 years$8,066$7,135$6,300$5,552$4,885$3,646
13 years$7,369$6,448$5,628$4,901$4,260$3,088
14 years$6,772$5,861$5,057$4,351$3,734$2,628
15 years$6,255$5,354$4,566$3,880$3,288$2,245
16 years$5,804$4,913$4,140$3,474$2,906$1,924
17 years$5,406$4,524$3,767$3,122$2,576$1,653
18 years$5,052$4,181$3,439$2,813$2,291$1,424
19 years$4,736$3,875$3,148$2,542$2,042$1,228
20 years$4,452$3,600$2,889$2,302$1,824$1,062
21 years$4,196$3,354$2,657$2,089$1,632$919
22 years$3,963$3,131$2,449$1,900$1,463$796
23 years$3,750$2,928$2,261$1,730$1,313$691
24 years$3,556$2,743$2,091$1,578$1,180$600
25 years$3,377$2,574$1,937$1,441$1,062$521
26 years$3,213$2,420$1,797$1,318$957$453
27 years$3,061$2,277$1,668$1,206$863$394
28 years$2,920$2,146$1,551$1,105$778$343
29 years$2,789$2,024$1,443$1,013$703$299
30 years$2,667$1,912$1,344$930$635$260
31 years$2,553$1,807$1,253$854$574$227
32 years$2,446$1,710$1,169$785$519$198
33 years$2,346$1,619$1,092$722$470$172
34 years$2,252$1,535$1,020$664$426$150
35 years$2,164$1,456$954$611$385$131
36 years$2,081$1,382$892$563$349$114
37 years$2,002$1,312$835$519$317$100
38 years$1,928$1,247$782$478$287$87
39 years$1,858$1,186$733$441$260$76
40 years$1,791$1,128$687$407$236$66
41 years$1,728$1,074$644$375$214$58
42 years$1,668$1,023$604$346$194$51
43 years$1,611$975$567$320$176$44
44 years$1,556$929$532$295$160$39
45 years$1,505$886$500$273$145$34
46 years$1,455$845$469$252$132$29
47 years$1,408$806$441$233$120$26
48 years$1,363$770$414$215$109$22
49 years$1,320$735$389$199$99$20
50 years$1,279$702$366$184$90$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,310,000, adding $3,470 every year, while hoping to spend $27,933 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: 37/48/15 Blend
46$1,310,000$1,310,000$1,310,000$1,310,000
47$1,447,199$1,377,769$1,357,464$1,494,019
48$1,565,093$1,415,560$1,373,219$1,565,767
49$1,694,076$1,454,265$1,388,565$1,640,289
50$1,835,249$1,493,902$1,403,460$1,720,181
51$1,989,826$1,534,485$1,417,857$1,805,941
52$2,159,143$1,576,028$1,431,709$1,898,112
53$2,344,669$1,618,548$1,444,966$1,997,293
54$2,548,027$1,662,058$1,457,573$2,104,145
55$2,770,999$1,706,572$1,469,475$2,219,393
56$3,015,550$1,752,104$1,480,612$2,343,837
57$3,283,847$1,798,667$1,490,923$2,478,355
58$3,578,272$1,846,275$1,500,342$2,623,918
59$3,901,452$1,894,938$1,508,799$2,781,590
60$4,256,279$1,944,669$1,516,223$2,952,546
61$4,645,940$1,995,479$1,522,538$3,138,079
62$5,073,946$2,047,377$1,527,662$3,339,613
63$5,544,163$2,100,373$1,531,514$3,558,717
64$6,060,851$2,154,475$1,534,003$3,797,118
65$6,628,704$2,209,691$1,535,038$4,056,719
66$7,252,892$2,266,026$1,534,522$4,339,616
67$7,939,111$2,323,485$1,532,353$4,648,118
68$8,693,637$2,382,072$1,528,423$4,984,771
69$9,523,383$2,441,789$1,522,620$5,352,376
70$10,435,968$2,502,636$1,514,828$5,754,023
71$11,439,784$2,564,613$1,504,922$6,193,112
72$12,544,079$2,627,716$1,492,774$6,673,394
73$13,759,041$2,691,940$1,478,248$7,199,000
74$15,095,897$2,757,279$1,461,203$7,774,481
75$16,567,015$2,823,722$1,441,490$8,404,853
76$18,186,024$2,891,258$1,418,953$9,095,644
77$19,967,942$2,959,872$1,393,431$9,852,943
78$21,929,313$3,029,547$1,364,752$10,683,462
79$24,088,370$3,100,263$1,332,739$11,594,597
80$26,465,203$3,171,995$1,297,205$12,594,499
81$29,081,947$3,244,716$1,257,954$13,692,149
82$31,962,994$3,318,395$1,214,784$14,897,446
83$35,135,220$3,392,997$1,167,480$16,221,298
84$38,628,241$3,468,482$1,115,819$17,675,726
85$42,474,691$3,544,807$1,059,568$19,273,978
86$46,710,530$3,621,923$998,484$21,030,654
87$51,375,382$3,699,775$932,311$22,961,844
88$56,512,910$3,778,304$860,783$25,085,280
89$62,171,230$3,857,443$783,622$27,420,504
90$68,403,359$3,937,122$700,537$29,989,053
91$75,267,722$4,017,261$611,225$32,814,663
92$82,828,696$4,097,774$515,368$35,923,490
93$91,157,226$4,178,567$412,636$39,344,362
94$100,331,486$4,259,540$302,682$43,109,051
95$110,437,621$4,340,581$185,146$47,252,570
96$121,570,561$4,421,571$59,650$51,813,507
97$133,834,911$4,502,382$0$56,834,388
98$147,345,947$4,582,873$0$62,373,970
99$162,230,694$4,662,894$0$68,482,977
100$178,629,132$4,742,283$0$75,208,846