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%14.3%
1 years$109,830$108,852$107,897$106,966$106,056$104,171
2 years$54,371$53,359$52,377$51,426$50,503$48,610
3 years$35,888$34,871$33,892$32,949$32,041$30,199
4 years$26,647$25,634$24,664$23,738$22,852$21,076
5 years$21,105$20,097$19,141$18,233$17,372$15,666
6 years$17,411$16,411$15,468$14,581$13,746$12,112
7 years$14,773$13,782$12,854$11,988$11,179$9,618
8 years$12,796$11,813$10,902$10,056$9,274$7,786
9 years$11,259$10,286$9,389$8,566$7,810$6,394
10 years$10,030$9,066$8,186$7,384$6,655$5,309
11 years$9,026$8,071$7,207$6,426$5,723$4,446
12 years$8,189$7,244$6,396$5,637$4,960$3,750
13 years$7,481$6,547$5,714$4,976$4,325$3,181
14 years$6,876$5,951$5,134$4,417$3,791$2,710
15 years$6,351$5,436$4,636$3,939$3,338$2,319
16 years$5,892$4,988$4,203$3,527$2,950$1,990
17 years$5,488$4,593$3,824$3,169$2,616$1,712
18 years$5,129$4,244$3,491$2,856$2,326$1,477
19 years$4,809$3,934$3,196$2,581$2,073$1,276
20 years$4,520$3,655$2,933$2,337$1,852$1,105
21 years$4,260$3,405$2,698$2,121$1,657$958
22 years$4,023$3,178$2,487$1,929$1,485$831
23 years$3,808$2,973$2,296$1,757$1,333$722
24 years$3,610$2,785$2,123$1,602$1,198$628
25 years$3,429$2,614$1,967$1,463$1,078$546
26 years$3,262$2,457$1,824$1,338$971$476
27 years$3,107$2,312$1,694$1,225$876$415
28 years$2,964$2,178$1,574$1,122$790$362
29 years$2,831$2,055$1,465$1,029$714$315
30 years$2,707$1,941$1,365$944$645$275
31 years$2,592$1,835$1,272$867$583$240
32 years$2,483$1,736$1,187$797$527$210
33 years$2,382$1,644$1,108$733$477$183
34 years$2,287$1,558$1,036$674$432$160
35 years$2,197$1,478$968$621$391$140
36 years$2,112$1,403$906$572$355$122
37 years$2,033$1,332$848$527$321$107
38 years$1,957$1,266$794$486$291$93
39 years$1,886$1,204$744$448$264$82
40 years$1,818$1,146$697$413$240$71
41 years$1,754$1,090$654$381$217$62
42 years$1,693$1,038$613$352$197$55
43 years$1,635$989$575$325$179$48
44 years$1,580$943$540$300$163$42
45 years$1,528$899$507$277$148$36
46 years$1,478$858$476$256$134$32
47 years$1,430$819$448$236$122$28
48 years$1,384$782$421$218$110$24
49 years$1,340$746$395$202$100$21
50 years$1,299$713$372$186$91$19

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 $2,944 every year, while hoping to spend $24,275 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: 70/5/25 Blend
46$1,330,000$1,330,000$1,330,000$1,330,000
47$1,468,697$1,398,207$1,377,592$1,561,974
48$1,592,675$1,440,890$1,397,913$1,667,474
49$1,728,486$1,484,852$1,418,101$1,779,827
50$1,877,311$1,530,129$1,438,126$1,902,248
51$2,040,449$1,576,758$1,457,956$2,035,734
52$2,219,335$1,624,779$1,477,558$2,181,383
53$2,415,547$1,674,233$1,496,895$2,340,407
54$2,630,822$1,725,159$1,515,930$2,514,137
55$2,867,075$1,777,601$1,534,623$2,704,043
56$3,126,414$1,831,602$1,552,931$2,911,744
57$3,411,164$1,887,206$1,570,810$3,139,021
58$3,723,883$1,944,459$1,588,212$3,387,840
59$4,067,389$2,003,408$1,605,087$3,660,365
60$4,444,789$2,064,101$1,621,384$3,958,979
61$4,859,503$2,126,587$1,637,046$4,286,311
62$5,315,301$2,190,918$1,652,015$4,645,255
63$5,816,334$2,257,145$1,666,230$5,039,001
64$6,367,176$2,325,322$1,679,625$5,471,064
65$6,972,869$2,395,503$1,692,133$5,945,318
66$7,638,963$2,467,745$1,703,681$6,466,029
67$8,371,577$2,542,104$1,714,194$7,037,901
68$9,177,451$2,618,641$1,723,593$7,666,116
69$10,064,012$2,697,414$1,731,794$8,356,384
70$11,039,441$2,778,488$1,738,709$9,114,997
71$12,112,755$2,861,924$1,744,246$9,948,890
72$13,293,885$2,947,788$1,748,309$10,865,705
73$14,593,779$3,036,147$1,750,794$11,873,860
74$16,024,495$3,127,069$1,751,597$12,982,636
75$17,599,322$3,220,624$1,750,604$14,202,258
76$19,332,902$3,316,884$1,747,698$15,543,994
77$21,241,368$3,415,921$1,742,756$17,020,261
78$23,342,498$3,517,811$1,735,648$18,644,745
79$25,655,880$3,622,631$1,726,239$20,432,524
80$28,203,099$3,730,459$1,714,388$22,400,217
81$31,007,939$3,841,376$1,699,944$24,566,137
82$34,096,609$3,955,463$1,682,752$26,950,465
83$37,497,988$4,072,806$1,662,649$29,575,441
84$41,243,898$4,193,489$1,639,464$32,465,574
85$45,369,407$4,317,601$1,613,017$35,647,872
86$49,913,154$4,445,231$1,583,120$39,152,099
87$54,917,720$4,576,472$1,549,579$43,011,056
88$60,430,024$4,711,415$1,512,187$47,260,888
89$66,501,770$4,850,159$1,470,729$51,941,430
90$73,189,933$4,992,798$1,424,980$57,096,578
91$80,557,295$5,139,435$1,374,706$62,774,709
92$88,673,041$5,290,169$1,319,660$69,029,133
93$97,613,408$5,445,104$1,259,586$75,918,599
94$107,462,408$5,604,346$1,194,214$83,507,849
95$118,312,617$5,768,003$1,123,264$91,868,231
96$130,266,053$5,936,184$1,046,442$101,078,371
97$143,435,133$6,109,000$963,442$111,224,915
98$157,943,742$6,286,566$873,942$122,403,350
99$173,928,392$6,468,996$777,607$134,718,903
100$191,539,520$6,656,409$674,089$148,287,536