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%17.7%
1 years$111,482$110,489$109,520$108,574$107,651$104,288
2 years$55,189$54,161$53,165$52,199$51,262$47,905
3 years$36,427$35,395$34,401$33,445$32,523$29,275
4 years$27,048$26,019$25,035$24,095$23,196$20,083
5 years$21,422$20,399$19,428$18,507$17,633$14,664
6 years$17,673$16,657$15,701$14,800$13,952$11,129
7 years$14,996$13,989$13,048$12,168$11,347$8,669
8 years$12,989$11,991$11,065$10,208$9,413$6,880
9 years$11,429$10,440$9,531$8,695$7,927$5,535
10 years$10,181$9,203$8,309$7,495$6,755$4,500
11 years$9,161$8,193$7,315$6,523$5,809$3,688
12 years$8,312$7,353$6,492$5,721$5,034$3,042
13 years$7,594$6,645$5,800$5,051$4,390$2,522
14 years$6,979$6,040$5,211$4,484$3,848$2,100
15 years$6,446$5,518$4,705$3,999$3,388$1,754
16 years$5,981$5,063$4,266$3,580$2,994$1,469
17 years$5,571$4,662$3,882$3,217$2,655$1,233
18 years$5,206$4,308$3,544$2,899$2,361$1,037
19 years$4,881$3,993$3,244$2,620$2,104$874
20 years$4,588$3,710$2,977$2,373$1,880$737
21 years$4,324$3,456$2,738$2,153$1,682$623
22 years$4,084$3,226$2,524$1,958$1,508$526
23 years$3,865$3,017$2,330$1,783$1,353$445
24 years$3,665$2,827$2,155$1,626$1,216$377
25 years$3,481$2,653$1,996$1,485$1,095$319
26 years$3,311$2,493$1,851$1,358$986$271
27 years$3,154$2,347$1,719$1,243$889$229
28 years$3,009$2,211$1,598$1,139$802$195
29 years$2,874$2,086$1,487$1,044$724$165
30 years$2,748$1,970$1,385$958$654$140
31 years$2,631$1,862$1,291$880$592$119
32 years$2,521$1,762$1,205$809$535$101
33 years$2,418$1,669$1,125$744$484$86
34 years$2,321$1,582$1,051$684$439$73
35 years$2,230$1,500$983$630$397$62
36 years$2,144$1,424$919$580$360$52
37 years$2,063$1,352$861$535$326$45
38 years$1,987$1,285$806$493$296$38
39 years$1,914$1,222$755$454$268$32
40 years$1,846$1,163$708$419$243$27
41 years$1,781$1,107$664$387$221$23
42 years$1,719$1,054$622$357$200$20
43 years$1,660$1,004$584$329$182$17
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$9
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 $2,319 every year, while hoping to spend $56,856 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: 24/50/26 Blend
46$1,350,000$1,350,000$1,350,000$1,350,000
47$1,490,092$1,418,542$1,397,617$1,513,541
48$1,581,587$1,427,556$1,383,943$1,542,421
49$1,680,509$1,435,107$1,367,905$1,568,344
50$1,787,555$1,441,061$1,349,364$1,594,910
51$1,903,493$1,445,280$1,328,175$1,622,209
52$2,029,165$1,447,615$1,304,184$1,650,346
53$2,165,498$1,447,906$1,277,233$1,679,438
54$2,313,512$1,445,987$1,247,153$1,709,624
55$2,474,328$1,441,678$1,213,771$1,741,059
56$2,649,180$1,434,790$1,176,902$1,773,921
57$2,839,424$1,425,123$1,136,357$1,808,412
58$3,046,554$1,412,463$1,091,934$1,844,762
59$3,272,213$1,396,584$1,043,424$1,883,230
60$3,518,209$1,377,247$990,609$1,924,112
61$3,786,532$1,354,197$933,259$1,967,737
62$4,079,372$1,327,166$871,137$2,014,482
63$4,399,139$1,295,869$803,992$2,064,766
64$4,748,489$1,260,004$731,563$2,119,063
65$5,130,343$1,219,252$653,578$2,177,907
66$5,547,917$1,173,275$569,752$2,241,893
67$6,004,753$1,121,714$479,788$2,311,691
68$6,504,752$1,064,192$383,374$2,388,051
69$7,052,207$1,000,308$280,188$2,471,812
70$7,651,847$929,638$169,890$2,563,911
71$8,308,881$851,736$52,126$2,665,397
72$9,029,044$766,127$0$2,777,439
73$9,818,651$672,313$0$2,921,747
74$10,684,661$569,764$0$3,096,129
75$11,634,737$457,922$0$3,287,843
76$12,677,317$336,197$0$3,498,811
77$13,821,699$203,967$0$3,731,164
78$15,078,124$60,573$0$3,987,265
79$16,457,873$0$0$4,269,732
80$17,973,373$0$0$4,633,558
81$19,638,312$0$0$5,070,120
82$21,467,772$0$0$5,550,075
83$23,478,368$0$0$6,077,814
84$25,688,401$0$0$6,658,174
85$28,118,039$0$0$7,296,484
86$30,789,496$0$0$7,998,615
87$33,727,249$0$0$8,771,038
88$36,958,266$0$0$9,620,879
89$40,512,258$0$0$10,555,993
90$44,421,961$0$0$11,585,032
91$48,723,443$0$0$12,717,532
92$53,456,446$0$0$13,963,998
93$58,664,756$0$0$15,336,006
94$64,396,619$0$0$16,846,310
95$70,705,197$0$0$18,508,965
96$77,649,063$0$0$20,339,458
97$85,292,760$0$0$22,354,852
98$93,707,404$0$0$24,573,951
99$102,971,357$0$0$27,017,473
100$113,170,966$0$0$29,708,249