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

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 $1,310,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$108,179$107,215$106,275$105,357$104,461$101,771
2 years$53,554$52,556$51,590$50,653$49,743$47,051
3 years$35,348$34,346$33,382$32,454$31,559$28,949
4 years$26,247$25,248$24,294$23,381$22,508$20,000
5 years$20,787$19,795$18,853$17,959$17,110$14,711
6 years$17,149$16,164$15,236$14,362$13,539$11,251
7 years$14,551$13,574$12,661$11,808$11,011$8,834
8 years$12,604$11,636$10,738$9,905$9,135$7,068
9 years$11,090$10,131$9,248$8,437$7,693$5,735
10 years$9,880$8,930$8,063$7,273$6,554$4,704
11 years$8,890$7,950$7,098$6,329$5,637$3,890
12 years$8,066$7,135$6,300$5,552$4,885$3,238
13 years$7,369$6,448$5,628$4,901$4,260$2,710
14 years$6,772$5,861$5,057$4,351$3,734$2,278
15 years$6,255$5,354$4,566$3,880$3,288$1,922
16 years$5,804$4,913$4,140$3,474$2,906$1,626
17 years$5,406$4,524$3,767$3,122$2,576$1,379
18 years$5,052$4,181$3,439$2,813$2,291$1,172
19 years$4,736$3,875$3,148$2,542$2,042$998
20 years$4,452$3,600$2,889$2,302$1,824$851
21 years$4,196$3,354$2,657$2,089$1,632$727
22 years$3,963$3,131$2,449$1,900$1,463$621
23 years$3,750$2,928$2,261$1,730$1,313$531
24 years$3,556$2,743$2,091$1,578$1,180$455
25 years$3,377$2,574$1,937$1,441$1,062$389
26 years$3,213$2,420$1,797$1,318$957$334
27 years$3,061$2,277$1,668$1,206$863$286
28 years$2,920$2,146$1,551$1,105$778$245
29 years$2,789$2,024$1,443$1,013$703$211
30 years$2,667$1,912$1,344$930$635$181
31 years$2,553$1,807$1,253$854$574$155
32 years$2,446$1,710$1,169$785$519$133
33 years$2,346$1,619$1,092$722$470$114
34 years$2,252$1,535$1,020$664$426$98
35 years$2,164$1,456$954$611$385$84
36 years$2,081$1,382$892$563$349$73
37 years$2,002$1,312$835$519$317$62
38 years$1,928$1,247$782$478$287$54
39 years$1,858$1,186$733$441$260$46
40 years$1,791$1,128$687$407$236$40
41 years$1,728$1,074$644$375$214$34
42 years$1,668$1,023$604$346$194$29
43 years$1,611$975$567$320$176$25
44 years$1,556$929$532$295$160$22
45 years$1,505$886$500$273$145$19
46 years$1,455$845$469$252$132$16
47 years$1,408$806$441$233$120$14
48 years$1,363$770$414$215$109$12
49 years$1,320$735$389$199$99$10
50 years$1,279$702$366$184$90$9

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 $6,415 every year, while hoping to spend $56,888 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: 62/25/13 Blend
46$1,310,000$1,310,000$1,310,000$1,310,000
47$1,450,237$1,380,807$1,360,502$1,535,239
48$1,537,633$1,387,938$1,345,551$1,600,173
49$1,632,036$1,393,512$1,328,191$1,663,955
50$1,734,102$1,397,393$1,308,284$1,732,191
51$1,844,550$1,399,434$1,285,681$1,805,314
52$1,964,172$1,399,484$1,260,229$1,883,804
53$2,093,836$1,397,377$1,231,765$1,968,192
54$2,234,499$1,392,941$1,200,121$2,059,061
55$2,387,213$1,385,990$1,165,121$2,157,060
56$2,553,136$1,376,330$1,126,579$2,262,902
57$2,733,539$1,363,753$1,084,302$2,377,378
58$2,929,822$1,348,040$1,038,089$2,501,358
59$3,143,526$1,328,956$987,727$2,635,806
60$3,376,347$1,306,256$932,997$2,781,786
61$3,630,149$1,279,677$873,667$2,940,472
62$3,906,985$1,248,942$809,495$3,113,164
63$4,209,115$1,213,758$740,231$3,301,293
64$4,539,026$1,173,813$665,610$3,506,443
65$4,899,457$1,128,780$585,358$3,730,361
66$5,293,421$1,078,310$499,187$3,974,978
67$5,724,237$1,022,035$406,798$4,242,424
68$6,195,560$959,565$307,876$4,535,051
69$6,711,412$890,489$202,095$4,855,458
70$7,276,224$814,371$89,113$5,206,511
71$7,894,875$730,751$0$5,591,374
72$8,572,737$639,143$0$6,017,907
73$9,315,728$539,032$0$6,499,075
74$10,130,364$429,876$0$7,026,815
75$11,023,822$311,101$0$7,605,879
76$12,004,007$182,101$0$8,241,511
77$13,079,629$42,236$0$8,939,491
78$14,260,276$0$0$9,706,196
79$15,556,515$0$0$10,578,688
80$16,979,984$0$0$11,549,679
81$18,543,503$0$0$12,616,308
82$20,261,195$0$0$13,788,224
83$22,148,619$0$0$15,076,053
84$24,222,915$0$0$16,491,507
85$26,502,965$0$0$18,047,484
86$29,009,574$0$0$19,758,197
87$31,765,661$0$0$21,639,303
88$34,796,478$0$0$23,708,054
89$38,129,847$0$0$25,983,457
90$41,796,418$0$0$28,486,451
91$45,829,966$0$0$31,240,110
92$50,267,701$0$0$34,269,856
93$55,150,621$0$0$37,603,699
94$60,523,901$0$0$41,272,500
95$66,437,315$0$0$45,310,266
96$72,945,707$0$0$49,754,465
97$80,109,506$0$0$54,646,383
98$87,995,297$0$0$60,031,511
99$96,676,450$0$0$65,959,974
100$106,233,808$0$0$72,487,006