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%15.6%
1 years$109,830$108,852$107,897$106,966$106,056$103,618
2 years$54,371$53,359$52,377$51,426$50,503$48,061
3 years$35,888$34,871$33,892$32,949$32,041$29,670
4 years$26,647$25,634$24,664$23,738$22,852$20,571
5 years$21,105$20,097$19,141$18,233$17,372$15,187
6 years$17,411$16,411$15,468$14,581$13,746$11,659
7 years$14,773$13,782$12,854$11,988$11,179$9,191
8 years$12,796$11,813$10,902$10,056$9,274$7,384
9 years$11,259$10,286$9,389$8,566$7,810$6,017
10 years$10,030$9,066$8,186$7,384$6,655$4,956
11 years$9,026$8,071$7,207$6,426$5,723$4,117
12 years$8,189$7,244$6,396$5,637$4,960$3,443
13 years$7,481$6,547$5,714$4,976$4,325$2,895
14 years$6,876$5,951$5,134$4,417$3,791$2,445
15 years$6,351$5,436$4,636$3,939$3,338$2,073
16 years$5,892$4,988$4,203$3,527$2,950$1,763
17 years$5,488$4,593$3,824$3,169$2,616$1,503
18 years$5,129$4,244$3,491$2,856$2,326$1,284
19 years$4,809$3,934$3,196$2,581$2,073$1,099
20 years$4,520$3,655$2,933$2,337$1,852$942
21 years$4,260$3,405$2,698$2,121$1,657$808
22 years$4,023$3,178$2,487$1,929$1,485$695
23 years$3,808$2,973$2,296$1,757$1,333$597
24 years$3,610$2,785$2,123$1,602$1,198$514
25 years$3,429$2,614$1,967$1,463$1,078$443
26 years$3,262$2,457$1,824$1,338$971$382
27 years$3,107$2,312$1,694$1,225$876$329
28 years$2,964$2,178$1,574$1,122$790$284
29 years$2,831$2,055$1,465$1,029$714$245
30 years$2,707$1,941$1,365$944$645$212
31 years$2,592$1,835$1,272$867$583$183
32 years$2,483$1,736$1,187$797$527$158
33 years$2,382$1,644$1,108$733$477$136
34 years$2,287$1,558$1,036$674$432$118
35 years$2,197$1,478$968$621$391$102
36 years$2,112$1,403$906$572$355$88
37 years$2,033$1,332$848$527$321$76
38 years$1,957$1,266$794$486$291$66
39 years$1,886$1,204$744$448$264$57
40 years$1,818$1,146$697$413$240$49
41 years$1,754$1,090$654$381$217$43
42 years$1,693$1,038$613$352$197$37
43 years$1,635$989$575$325$179$32
44 years$1,580$943$540$300$163$27
45 years$1,528$899$507$277$148$24
46 years$1,478$858$476$256$134$21
47 years$1,430$819$448$236$122$18
48 years$1,384$782$421$218$110$15
49 years$1,340$746$395$202$100$13
50 years$1,299$713$372$186$91$12

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 $6,940 every year, while hoping to spend $49,853 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: 79/12/9 Blend
46$1,330,000$1,330,000$1,330,000$1,330,000
47$1,472,819$1,402,329$1,381,714$1,586,611
48$1,570,003$1,418,000$1,374,958$1,677,949
49$1,675,429$1,432,767$1,366,305$1,770,934
50$1,789,885$1,446,535$1,355,638$1,871,473
51$1,914,238$1,459,200$1,342,837$1,980,295
52$2,049,441$1,470,652$1,327,773$2,098,204
53$2,196,544$1,480,773$1,310,313$2,226,088
54$2,356,700$1,489,439$1,290,316$2,364,922
55$2,531,178$1,496,518$1,267,638$2,515,781
56$2,721,378$1,501,867$1,242,123$2,679,851
57$2,928,837$1,505,336$1,213,612$2,858,437
58$3,155,248$1,506,767$1,181,938$3,052,977
59$3,402,474$1,505,990$1,146,924$3,265,057
60$3,672,567$1,502,824$1,108,386$3,496,422
61$3,967,786$1,497,079$1,066,134$3,748,997
62$4,290,616$1,488,552$1,019,965$4,024,902
63$4,643,795$1,477,027$969,671$4,326,475
64$5,030,339$1,462,278$915,031$4,656,291
65$5,453,565$1,444,061$855,816$5,017,188
66$5,917,129$1,422,121$791,787$5,412,293
67$6,425,057$1,396,186$722,692$5,845,055
68$6,981,782$1,365,968$648,271$6,319,272
69$7,592,185$1,331,162$568,250$6,839,130
70$8,261,645$1,291,446$482,344$7,409,246
71$8,996,085$1,246,478$390,254$8,034,703
72$9,802,027$1,195,897$291,669$8,721,108
73$10,686,658$1,139,321$186,264$9,474,639
74$11,657,894$1,076,344$73,701$10,302,104
75$12,724,453$1,006,539$0$11,211,008
76$13,895,941$929,453$0$12,214,080
77$15,182,939$844,608$0$13,323,821
78$16,597,103$751,499$0$14,543,229
79$18,151,276$649,590$0$15,883,417
80$19,859,605$538,318$0$17,356,631
81$21,737,675$417,086$0$18,976,365
82$23,802,658$285,264$0$20,757,488
83$26,073,474$142,187$0$22,716,387
84$28,570,966$0$0$24,871,120
85$31,318,098$0$0$27,243,283
86$34,340,175$0$0$29,873,561
87$37,665,074$0$0$32,767,449
88$41,323,511$0$0$35,951,687
89$45,349,332$0$0$39,455,738
90$49,779,828$0$0$43,312,068
91$54,656,088$0$0$47,556,447
92$60,023,385$0$0$52,228,288
93$65,931,607$0$0$57,371,022
94$72,435,722$0$0$63,032,501
95$79,596,297$0$0$69,265,454
96$87,480,074$0$0$76,127,983
97$96,160,591$0$0$83,684,110
98$105,718,884$0$0$92,004,380
99$116,244,246$0$0$101,166,530
100$127,835,068$0$0$111,256,216