Can I retire at age 47 with 1,350,000?

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 $1,350,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$111,482$110,489$109,520$108,574$107,651$107,062
2 years$55,189$54,161$53,165$52,199$51,262$50,668
3 years$36,427$35,395$34,401$33,445$32,523$31,942
4 years$27,048$26,019$25,035$24,095$23,196$22,632
5 years$21,422$20,399$19,428$18,507$17,633$17,089
6 years$17,673$16,657$15,701$14,800$13,952$13,428
7 years$14,996$13,989$13,048$12,168$11,347$10,843
8 years$12,989$11,991$11,065$10,208$9,413$8,929
9 years$11,429$10,440$9,531$8,695$7,927$7,464
10 years$10,181$9,203$8,309$7,495$6,755$6,311
11 years$9,161$8,193$7,315$6,523$5,809$5,385
12 years$8,312$7,353$6,492$5,721$5,034$4,629
13 years$7,594$6,645$5,800$5,051$4,390$4,003
14 years$6,979$6,040$5,211$4,484$3,848$3,480
15 years$6,446$5,518$4,705$3,999$3,388$3,038
16 years$5,981$5,063$4,266$3,580$2,994$2,662
17 years$5,571$4,662$3,882$3,217$2,655$2,339
18 years$5,206$4,308$3,544$2,899$2,361$2,061
19 years$4,881$3,993$3,244$2,620$2,104$1,820
20 years$4,588$3,710$2,977$2,373$1,880$1,611
21 years$4,324$3,456$2,738$2,153$1,682$1,428
22 years$4,084$3,226$2,524$1,958$1,508$1,268
23 years$3,865$3,017$2,330$1,783$1,353$1,127
24 years$3,665$2,827$2,155$1,626$1,216$1,003
25 years$3,481$2,653$1,996$1,485$1,095$894
26 years$3,311$2,493$1,851$1,358$986$797
27 years$3,154$2,347$1,719$1,243$889$711
28 years$3,009$2,211$1,598$1,139$802$635
29 years$2,874$2,086$1,487$1,044$724$568
30 years$2,748$1,970$1,385$958$654$508
31 years$2,631$1,862$1,291$880$592$454
32 years$2,521$1,762$1,205$809$535$407
33 years$2,418$1,669$1,125$744$484$364
34 years$2,321$1,582$1,051$684$439$326
35 years$2,230$1,500$983$630$397$292
36 years$2,144$1,424$919$580$360$262
37 years$2,063$1,352$861$535$326$235
38 years$1,987$1,285$806$493$296$211
39 years$1,914$1,222$755$454$268$189
40 years$1,846$1,163$708$419$243$169
41 years$1,781$1,107$664$387$221$152
42 years$1,719$1,054$622$357$200$136
43 years$1,660$1,004$584$329$182$122
44 years$1,604$957$548$304$165$110
45 years$1,551$913$515$281$150$99
46 years$1,500$871$484$259$136$89
47 years$1,451$831$454$240$123$79
48 years$1,405$793$427$222$112$71
49 years$1,361$758$401$205$102$64
50 years$1,318$724$377$189$92$58

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,350,000, adding $6,688 every year, while hoping to spend $48,794 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: 45/49/6 Blend
46$1,350,000$1,350,000$1,350,000$1,350,000
47$1,494,599$1,423,049$1,402,124$1,559,082
48$1,595,131$1,440,862$1,397,178$1,622,016
49$1,704,283$1,457,912$1,390,432$1,684,607
50$1,822,881$1,474,111$1,381,773$1,751,331
51$1,951,836$1,489,364$1,371,084$1,822,582
52$2,092,150$1,503,569$1,358,241$1,898,798
53$2,244,924$1,516,619$1,343,117$1,980,462
54$2,411,372$1,528,399$1,325,577$2,068,108
55$2,592,828$1,538,786$1,305,480$2,162,327
56$2,790,760$1,547,650$1,282,677$2,263,769
57$3,006,785$1,554,853$1,257,014$2,373,158
58$3,242,683$1,560,246$1,228,330$2,491,289
59$3,500,412$1,563,674$1,196,455$2,619,043
60$3,782,130$1,564,970$1,161,212$2,757,393
61$4,090,210$1,563,956$1,122,416$2,907,413
62$4,427,267$1,560,446$1,079,872$3,070,293
63$4,796,179$1,554,238$1,033,378$3,247,345
64$5,200,116$1,545,123$982,723$3,440,018
65$5,642,569$1,532,875$927,685$3,649,915
66$6,127,381$1,517,255$868,033$3,878,805
67$6,658,786$1,498,013$803,524$4,128,643
68$7,241,446$1,474,879$733,906$4,401,588
69$7,880,496$1,447,572$658,915$4,700,025
70$8,581,593$1,415,789$578,275$5,026,588
71$9,350,967$1,379,214$491,698$5,384,184
72$10,195,479$1,337,509$398,883$5,776,025
73$11,122,689$1,290,317$299,517$6,205,658
74$12,140,923$1,237,263$193,271$6,676,997
75$13,259,354$1,177,946$79,803$7,194,365
76$14,488,087$1,111,945$0$7,762,534
77$15,838,254$1,038,812$0$8,389,414
78$17,322,118$958,075$0$9,083,803
79$18,953,189$869,236$0$9,847,028
80$20,746,352$771,767$0$10,686,200
81$22,718,006$665,109$0$11,609,164
82$24,886,218$548,675$0$12,624,577
83$27,270,893$421,841$0$13,741,990
84$29,893,963$283,950$0$14,971,941
85$32,779,591$134,307$0$16,326,055
86$35,954,402$0$0$17,817,160
87$39,447,728$0$0$19,474,404
88$43,291,893$0$0$21,377,962
89$47,522,507$0$0$23,473,073
90$52,178,812$0$0$25,779,194
91$57,304,044$0$0$28,317,764
92$62,945,843$0$0$31,112,404
93$69,156,705$0$0$34,189,144
94$75,994,473$0$0$37,576,664
95$83,522,881$0$0$41,306,568
96$91,812,162$0$0$45,413,681
97$100,939,703$0$0$49,936,376
98$110,990,778$0$0$54,916,936
99$122,059,352$0$0$60,401,955
100$134,248,967$0$0$66,442,776