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%17.8%
1 years$111,482$110,489$109,520$108,574$107,651$104,247
2 years$55,189$54,161$53,165$52,199$51,262$47,863
3 years$36,427$35,395$34,401$33,445$32,523$29,236
4 years$27,048$26,019$25,035$24,095$23,196$20,046
5 years$21,422$20,399$19,428$18,507$17,633$14,629
6 years$17,673$16,657$15,701$14,800$13,952$11,097
7 years$14,996$13,989$13,048$12,168$11,347$8,639
8 years$12,989$11,991$11,065$10,208$9,413$6,852
9 years$11,429$10,440$9,531$8,695$7,927$5,509
10 years$10,181$9,203$8,309$7,495$6,755$4,476
11 years$9,161$8,193$7,315$6,523$5,809$3,666
12 years$8,312$7,353$6,492$5,721$5,034$3,022
13 years$7,594$6,645$5,800$5,051$4,390$2,504
14 years$6,979$6,040$5,211$4,484$3,848$2,083
15 years$6,446$5,518$4,705$3,999$3,388$1,739
16 years$5,981$5,063$4,266$3,580$2,994$1,455
17 years$5,571$4,662$3,882$3,217$2,655$1,221
18 years$5,206$4,308$3,544$2,899$2,361$1,026
19 years$4,881$3,993$3,244$2,620$2,104$864
20 years$4,588$3,710$2,977$2,373$1,880$728
21 years$4,324$3,456$2,738$2,153$1,682$615
22 years$4,084$3,226$2,524$1,958$1,508$519
23 years$3,865$3,017$2,330$1,783$1,353$439
24 years$3,665$2,827$2,155$1,626$1,216$371
25 years$3,481$2,653$1,996$1,485$1,095$314
26 years$3,311$2,493$1,851$1,358$986$266
27 years$3,154$2,347$1,719$1,243$889$225
28 years$3,009$2,211$1,598$1,139$802$191
29 years$2,874$2,086$1,487$1,044$724$162
30 years$2,748$1,970$1,385$958$654$137
31 years$2,631$1,862$1,291$880$592$116
32 years$2,521$1,762$1,205$809$535$99
33 years$2,418$1,669$1,125$744$484$84
34 years$2,321$1,582$1,051$684$439$71
35 years$2,230$1,500$983$630$397$60
36 years$2,144$1,424$919$580$360$51
37 years$2,063$1,352$861$535$326$43
38 years$1,987$1,285$806$493$296$37
39 years$1,914$1,222$755$454$268$31
40 years$1,846$1,163$708$419$243$27
41 years$1,781$1,107$664$387$221$22
42 years$1,719$1,054$622$357$200$19
43 years$1,660$1,004$584$329$182$16
44 years$1,604$957$548$304$165$14
45 years$1,551$913$515$281$150$12
46 years$1,500$871$484$259$136$10
47 years$1,451$831$454$240$123$8
48 years$1,405$793$427$222$112$7
49 years$1,361$758$401$205$102$6
50 years$1,318$724$377$189$92$5

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 $5,711 every year, while hoping to spend $39,602 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: 54/31/15 Blend
46$1,350,000$1,350,000$1,350,000$1,350,000
47$1,493,591$1,422,041$1,401,116$1,568,004
48$1,603,801$1,449,585$1,405,917$1,646,905
49$1,723,925$1,477,151$1,409,552$1,728,016
50$1,854,933$1,504,699$1,411,939$1,815,408
51$1,997,891$1,532,184$1,412,994$1,909,687
52$2,153,975$1,559,559$1,412,628$2,011,525
53$2,324,476$1,586,774$1,410,747$2,121,658
54$2,510,818$1,613,772$1,407,253$2,240,901
55$2,714,569$1,640,494$1,402,043$2,370,151
56$2,937,453$1,666,876$1,395,009$2,510,398
57$3,181,370$1,692,850$1,386,039$2,662,732
58$3,448,412$1,718,342$1,375,014$2,828,356
59$3,740,883$1,743,273$1,361,809$3,008,596
60$4,061,318$1,767,559$1,346,295$3,204,914
61$4,412,512$1,791,109$1,328,336$3,418,922
62$4,797,542$1,813,826$1,307,789$3,652,397
63$5,219,796$1,835,608$1,284,504$3,907,300
64$5,683,006$1,856,344$1,258,326$4,185,791
65$6,191,283$1,875,916$1,229,091$4,490,253
66$6,749,156$1,894,198$1,196,627$4,823,314
67$7,361,613$1,911,056$1,160,757$5,187,870
68$8,034,147$1,926,347$1,121,292$5,587,117
69$8,772,812$1,939,920$1,078,037$6,024,575
70$9,584,274$1,951,612$1,030,787$6,504,129
71$10,475,880$1,961,251$979,328$7,030,061
72$11,455,721$1,968,654$923,437$7,607,092
73$12,532,712$1,973,625$862,880$8,240,426
74$13,716,674$1,975,958$797,411$8,935,805
75$15,018,427$1,975,432$726,777$9,699,555
76$16,449,893$1,971,815$650,710$10,538,654
77$18,024,205$1,964,857$568,932$11,460,793
78$19,755,834$1,954,295$481,151$12,474,454
79$21,660,724$1,939,850$387,065$13,588,986
80$23,756,442$1,921,226$286,355$14,814,698
81$26,062,341$1,898,109$178,690$16,162,955
82$28,599,749$1,870,165$63,726$17,646,284
83$31,392,163$1,837,042$0$19,278,499
84$34,465,472$1,798,367$0$21,084,264
85$37,848,206$1,753,742$0$23,082,426
86$41,571,797$1,702,749$0$25,281,345
87$45,670,881$1,644,944$0$27,701,486
88$50,183,622$1,579,858$0$30,365,408
89$55,152,074$1,506,994$0$33,297,974
90$60,622,574$1,425,825$0$36,526,586
91$66,646,183$1,335,796$0$40,081,450
92$73,279,162$1,236,320$0$43,995,853
93$80,583,511$1,126,773$0$48,306,487
94$88,627,544$1,006,500$0$53,053,791
95$97,486,540$874,806$0$58,282,336
96$107,243,453$730,956$0$64,041,247
97$117,989,689$574,177$0$70,384,665
98$129,825,974$403,648$0$77,372,263
99$142,863,302$218,506$0$85,069,811
100$157,223,983$17,837$0$93,549,795