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

Use the below retirement simulation to view the chances of a successful retirement.
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%16.7%
1 years$111,482$110,489$109,520$108,574$107,651$104,709
2 years$55,189$54,161$53,165$52,199$51,262$48,320
3 years$36,427$35,395$34,401$33,445$32,523$29,672
4 years$27,048$26,019$25,035$24,095$23,196$20,458
5 years$21,422$20,399$19,428$18,507$17,633$15,016
6 years$17,673$16,657$15,701$14,800$13,952$11,459
7 years$14,996$13,989$13,048$12,168$11,347$8,978
8 years$12,989$11,991$11,065$10,208$9,413$7,166
9 years$11,429$10,440$9,531$8,695$7,927$5,801
10 years$10,181$9,203$8,309$7,495$6,755$4,745
11 years$9,161$8,193$7,315$6,523$5,809$3,914
12 years$8,312$7,353$6,492$5,721$5,034$3,250
13 years$7,594$6,645$5,800$5,051$4,390$2,713
14 years$6,979$6,040$5,211$4,484$3,848$2,274
15 years$6,446$5,518$4,705$3,999$3,388$1,913
16 years$5,981$5,063$4,266$3,580$2,994$1,614
17 years$5,571$4,662$3,882$3,217$2,655$1,365
18 years$5,206$4,308$3,544$2,899$2,361$1,157
19 years$4,881$3,993$3,244$2,620$2,104$982
20 years$4,588$3,710$2,977$2,373$1,880$835
21 years$4,324$3,456$2,738$2,153$1,682$710
22 years$4,084$3,226$2,524$1,958$1,508$605
23 years$3,865$3,017$2,330$1,783$1,353$516
24 years$3,665$2,827$2,155$1,626$1,216$440
25 years$3,481$2,653$1,996$1,485$1,095$376
26 years$3,311$2,493$1,851$1,358$986$321
27 years$3,154$2,347$1,719$1,243$889$275
28 years$3,009$2,211$1,598$1,139$802$235
29 years$2,874$2,086$1,487$1,044$724$201
30 years$2,748$1,970$1,385$958$654$172
31 years$2,631$1,862$1,291$880$592$147
32 years$2,521$1,762$1,205$809$535$126
33 years$2,418$1,669$1,125$744$484$108
34 years$2,321$1,582$1,051$684$439$92
35 years$2,230$1,500$983$630$397$79
36 years$2,144$1,424$919$580$360$68
37 years$2,063$1,352$861$535$326$58
38 years$1,987$1,285$806$493$296$50
39 years$1,914$1,222$755$454$268$42
40 years$1,846$1,163$708$419$243$36
41 years$1,781$1,107$664$387$221$31
42 years$1,719$1,054$622$357$200$27
43 years$1,660$1,004$584$329$182$23
44 years$1,604$957$548$304$165$20
45 years$1,551$913$515$281$150$17
46 years$1,500$871$484$259$136$14
47 years$1,451$831$454$240$123$12
48 years$1,405$793$427$222$112$11
49 years$1,361$758$401$205$102$9
50 years$1,318$724$377$189$92$8

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 $6,555 every year, while hoping to spend $40,215 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: 31/39/30 Blend
46$1,350,000$1,350,000$1,350,000$1,350,000
47$1,494,461$1,422,911$1,401,986$1,526,940
48$1,604,108$1,449,846$1,406,165$1,579,724
49$1,723,591$1,476,752$1,409,135$1,632,552
50$1,853,871$1,503,586$1,410,814$1,688,641
51$1,996,005$1,530,301$1,411,116$1,748,307
52$2,151,157$1,556,846$1,409,948$1,811,898
53$2,320,609$1,583,166$1,407,216$1,879,800
54$2,505,772$1,609,201$1,402,818$1,952,438
55$2,708,197$1,634,889$1,396,649$2,030,286
56$2,929,596$1,660,160$1,388,599$2,113,865
57$3,171,849$1,684,943$1,378,552$2,203,752
58$3,437,031$1,709,158$1,366,386$2,300,587
59$3,727,423$1,732,722$1,351,975$2,405,074
60$4,045,539$1,755,545$1,335,186$2,517,996
61$4,394,148$1,777,530$1,315,878$2,640,214
62$4,776,298$1,798,575$1,293,906$2,772,684
63$5,195,346$1,818,571$1,269,118$2,916,461
64$5,654,991$1,837,401$1,241,353$3,072,710
65$6,159,306$1,854,939$1,210,444$3,242,721
66$6,712,777$1,871,054$1,176,216$3,427,916
67$7,320,347$1,885,602$1,138,486$3,629,871
68$7,987,459$1,898,433$1,097,062$3,850,324
69$8,720,111$1,909,387$1,051,745$4,091,195
70$9,524,908$1,918,293$1,002,324$4,354,608
71$10,409,127$1,924,968$948,581$4,642,905
72$11,380,787$1,929,220$890,286$4,958,675
73$12,448,718$1,930,843$827,202$5,304,779
74$13,622,652$1,929,619$759,078$5,684,374
75$14,913,308$1,925,316$685,653$6,100,945
76$16,332,497$1,917,688$606,654$6,558,343
77$17,893,231$1,906,474$521,796$7,060,819
78$19,609,847$1,891,398$430,783$7,613,064
79$21,498,141$1,872,166$333,303$8,220,259
80$23,575,515$1,848,466$229,033$8,888,121
81$25,861,145$1,819,968$117,633$9,622,961
82$28,376,159$1,786,323$0$10,431,744
83$31,143,835$1,747,161$0$11,322,557
84$34,189,823$1,702,089$0$12,343,694
85$37,542,385$1,650,692$0$13,466,943
86$41,232,663$1,592,530$0$14,702,762
87$45,294,969$1,527,138$0$16,062,683
88$49,767,112$1,454,025$0$17,559,419
89$54,690,754$1,372,668$0$19,206,988
90$60,111,800$1,282,518$0$21,020,847
91$66,080,835$1,182,993$0$23,018,035
92$72,653,596$1,073,475$0$25,217,342
93$79,891,503$953,316$0$27,639,483
94$87,862,235$821,827$0$30,307,294
95$96,640,369$678,282$0$33,245,955
96$106,308,081$521,913$0$36,483,224
97$116,955,928$351,909$0$40,049,702
98$128,683,694$167,414$0$43,979,127
99$141,601,338$0$0$48,308,692
100$155,830,027$0$0$53,093,334