Can I retire at age 47 with 1,330,000?

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 $1,330,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$109,830$108,852$107,897$106,966$106,056$103,283
2 years$54,371$53,359$52,377$51,426$50,503$47,728
3 years$35,888$34,871$33,892$32,949$32,041$29,351
4 years$26,647$25,634$24,664$23,738$22,852$20,267
5 years$21,105$20,097$19,141$18,233$17,372$14,900
6 years$17,411$16,411$15,468$14,581$13,746$11,389
7 years$14,773$13,782$12,854$11,988$11,179$8,938
8 years$12,796$11,813$10,902$10,056$9,274$7,147
9 years$11,259$10,286$9,389$8,566$7,810$5,796
10 years$10,030$9,066$8,186$7,384$6,655$4,750
11 years$9,026$8,071$7,207$6,426$5,723$3,926
12 years$8,189$7,244$6,396$5,637$4,960$3,266
13 years$7,481$6,547$5,714$4,976$4,325$2,732
14 years$6,876$5,951$5,134$4,417$3,791$2,295
15 years$6,351$5,436$4,636$3,939$3,338$1,934
16 years$5,892$4,988$4,203$3,527$2,950$1,636
17 years$5,488$4,593$3,824$3,169$2,616$1,386
18 years$5,129$4,244$3,491$2,856$2,326$1,177
19 years$4,809$3,934$3,196$2,581$2,073$1,002
20 years$4,520$3,655$2,933$2,337$1,852$853
21 years$4,260$3,405$2,698$2,121$1,657$728
22 years$4,023$3,178$2,487$1,929$1,485$622
23 years$3,808$2,973$2,296$1,757$1,333$531
24 years$3,610$2,785$2,123$1,602$1,198$454
25 years$3,429$2,614$1,967$1,463$1,078$389
26 years$3,262$2,457$1,824$1,338$971$333
27 years$3,107$2,312$1,694$1,225$876$285
28 years$2,964$2,178$1,574$1,122$790$245
29 years$2,831$2,055$1,465$1,029$714$210
30 years$2,707$1,941$1,365$944$645$180
31 years$2,592$1,835$1,272$867$583$154
32 years$2,483$1,736$1,187$797$527$132
33 years$2,382$1,644$1,108$733$477$114
34 years$2,287$1,558$1,036$674$432$97
35 years$2,197$1,478$968$621$391$84
36 years$2,112$1,403$906$572$355$72
37 years$2,033$1,332$848$527$321$62
38 years$1,957$1,266$794$486$291$53
39 years$1,886$1,204$744$448$264$45
40 years$1,818$1,146$697$413$240$39
41 years$1,754$1,090$654$381$217$34
42 years$1,693$1,038$613$352$197$29
43 years$1,635$989$575$325$179$25
44 years$1,580$943$540$300$163$21
45 years$1,528$899$507$277$148$18
46 years$1,478$858$476$256$134$16
47 years$1,430$819$448$236$122$13
48 years$1,384$782$421$218$110$12
49 years$1,340$746$395$202$100$10
50 years$1,299$713$372$186$91$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,330,000, adding $2,042 every year, while hoping to spend $55,148 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: 46/29/25 Blend
46$1,330,000$1,330,000$1,330,000$1,330,000
47$1,467,766$1,397,276$1,376,661$1,524,654
48$1,558,801$1,407,066$1,364,102$1,574,759
49$1,657,274$1,415,487$1,349,274$1,623,536
50$1,763,884$1,422,414$1,332,043$1,675,366
51$1,879,401$1,427,713$1,312,268$1,730,564
52$2,004,673$1,431,244$1,289,802$1,789,477
53$2,140,630$1,432,856$1,264,491$1,852,493
54$2,288,297$1,432,388$1,236,173$1,920,039
55$2,448,799$1,429,670$1,204,681$1,992,592
56$2,623,376$1,424,524$1,169,837$2,070,679
57$2,813,390$1,416,756$1,131,457$2,154,887
58$3,020,343$1,406,164$1,089,348$2,245,863
59$3,245,885$1,392,532$1,043,308$2,344,327
60$3,491,832$1,375,633$993,125$2,451,077
61$3,760,184$1,355,224$938,580$2,566,994
62$4,053,141$1,331,049$879,441$2,693,058
63$4,373,128$1,302,836$815,468$2,830,352
64$4,722,809$1,270,298$746,409$2,980,076
65$5,105,122$1,233,129$672,000$3,143,556
66$5,523,300$1,191,007$591,967$3,322,264
67$5,980,901$1,143,591$506,023$3,517,826
68$6,481,846$1,090,520$413,868$3,732,041
69$7,030,450$1,031,412$315,188$3,966,901
70$7,631,467$965,862$209,658$4,224,607
71$8,290,131$893,443$96,936$4,507,596
72$9,012,206$813,704$0$4,818,560
73$9,804,042$726,167$0$5,166,709
74$10,672,633$630,327$0$5,577,101
75$11,625,679$525,651$0$6,027,594
76$12,671,667$411,576$0$6,522,317
77$13,819,940$287,506$0$7,065,824
78$15,080,794$152,814$0$7,663,143
79$16,465,568$6,835$0$8,319,820
80$17,986,755$0$0$9,041,972
81$19,658,116$0$0$9,884,578
82$21,494,813$0$0$10,813,101
83$23,513,547$0$0$11,833,821
84$25,732,720$0$0$12,956,066
85$28,172,603$0$0$14,190,108
86$30,855,531$0$0$15,547,266
87$33,806,111$0$0$17,040,013
88$37,051,455$0$0$18,682,088
89$40,621,434$0$0$20,488,630
90$44,548,958$0$0$22,476,321
91$48,870,290$0$0$24,663,538
92$53,625,385$0$0$27,070,532
93$58,858,264$0$0$29,719,615
94$64,617,434$0$0$32,635,374
95$70,956,342$0$0$35,844,898
96$77,933,878$0$0$39,378,035
97$85,614,932$0$0$43,267,677
98$94,071,006$0$0$47,550,064
99$103,380,884$0$0$52,265,131
100$113,631,381$0$0$57,456,880