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%18.6%
1 years$111,482$110,489$109,520$108,574$107,651$103,914
2 years$55,189$54,161$53,165$52,199$51,262$47,536
3 years$36,427$35,395$34,401$33,445$32,523$28,925
4 years$27,048$26,019$25,035$24,095$23,196$19,752
5 years$21,422$20,399$19,428$18,507$17,633$14,354
6 years$17,673$16,657$15,701$14,800$13,952$10,840
7 years$14,996$13,989$13,048$12,168$11,347$8,401
8 years$12,989$11,991$11,065$10,208$9,413$6,632
9 years$11,429$10,440$9,531$8,695$7,927$5,306
10 years$10,181$9,203$8,309$7,495$6,755$4,289
11 years$9,161$8,193$7,315$6,523$5,809$3,495
12 years$8,312$7,353$6,492$5,721$5,034$2,866
13 years$7,594$6,645$5,800$5,051$4,390$2,361
14 years$6,979$6,040$5,211$4,484$3,848$1,954
15 years$6,446$5,518$4,705$3,999$3,388$1,621
16 years$5,981$5,063$4,266$3,580$2,994$1,349
17 years$5,571$4,662$3,882$3,217$2,655$1,125
18 years$5,206$4,308$3,544$2,899$2,361$940
19 years$4,881$3,993$3,244$2,620$2,104$787
20 years$4,588$3,710$2,977$2,373$1,880$659
21 years$4,324$3,456$2,738$2,153$1,682$553
22 years$4,084$3,226$2,524$1,958$1,508$464
23 years$3,865$3,017$2,330$1,783$1,353$390
24 years$3,665$2,827$2,155$1,626$1,216$328
25 years$3,481$2,653$1,996$1,485$1,095$276
26 years$3,311$2,493$1,851$1,358$986$232
27 years$3,154$2,347$1,719$1,243$889$195
28 years$3,009$2,211$1,598$1,139$802$164
29 years$2,874$2,086$1,487$1,044$724$138
30 years$2,748$1,970$1,385$958$654$116
31 years$2,631$1,862$1,291$880$592$98
32 years$2,521$1,762$1,205$809$535$83
33 years$2,418$1,669$1,125$744$484$70
34 years$2,321$1,582$1,051$684$439$59
35 years$2,230$1,500$983$630$397$49
36 years$2,144$1,424$919$580$360$42
37 years$2,063$1,352$861$535$326$35
38 years$1,987$1,285$806$493$296$30
39 years$1,914$1,222$755$454$268$25
40 years$1,846$1,163$708$419$243$21
41 years$1,781$1,107$664$387$221$18
42 years$1,719$1,054$622$357$200$15
43 years$1,660$1,004$584$329$182$13
44 years$1,604$957$548$304$165$11
45 years$1,551$913$515$281$150$9
46 years$1,500$871$484$259$136$8
47 years$1,451$831$454$240$123$6
48 years$1,405$793$427$222$112$5
49 years$1,361$758$401$205$102$5
50 years$1,318$724$377$189$92$4

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 $5,311 every year, while hoping to spend $32,572 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: 42/36/22 Blend
46$1,350,000$1,350,000$1,350,000$1,350,000
47$1,493,178$1,421,628$1,400,703$1,546,073
48$1,610,826$1,456,632$1,412,971$1,619,256
49$1,739,382$1,492,259$1,424,557$1,694,919
50$1,879,925$1,528,505$1,435,406$1,776,199
51$2,033,642$1,565,366$1,445,456$1,863,630
52$2,201,840$1,602,836$1,454,645$1,957,799
53$2,385,958$1,640,905$1,462,906$2,059,355
54$2,587,581$1,679,565$1,470,169$2,169,012
55$2,808,455$1,718,804$1,476,360$2,287,556
56$3,050,502$1,758,610$1,481,403$2,415,856
57$3,315,838$1,798,967$1,485,215$2,554,866
58$3,606,796$1,839,858$1,487,712$2,705,641
59$3,925,942$1,881,265$1,488,803$2,869,340
60$4,276,106$1,923,165$1,488,396$3,047,245
61$4,660,403$1,965,534$1,486,391$3,240,765
62$5,082,264$2,008,345$1,482,686$3,451,455
63$5,545,470$2,051,569$1,477,170$3,681,028
64$6,054,185$2,095,172$1,469,732$3,931,375
65$6,612,995$2,139,119$1,460,252$4,204,577
66$7,226,954$2,183,370$1,448,604$4,502,930
67$7,901,630$2,227,881$1,434,659$4,828,965
68$8,643,154$2,272,606$1,418,278$5,185,471
69$9,458,284$2,317,492$1,399,319$5,575,523
70$10,354,464$2,362,483$1,377,630$6,002,512
71$11,339,894$2,407,520$1,353,055$6,470,175
72$12,423,610$2,452,535$1,325,430$6,982,632
73$13,615,567$2,497,458$1,294,580$7,544,423
74$14,926,733$2,542,212$1,260,327$8,160,557
75$16,369,193$2,586,713$1,222,481$8,836,552
76$17,956,262$2,630,873$1,180,846$9,578,492
77$19,702,610$2,674,596$1,135,213$10,393,084
78$21,624,402$2,717,777$1,085,369$11,287,722
79$23,739,449$2,760,306$1,031,087$12,270,557
80$26,067,376$2,802,064$972,131$13,350,573
81$28,629,806$2,842,923$908,256$14,537,675
82$31,450,566$2,882,746$839,202$15,842,779
83$34,555,910$2,921,387$764,701$17,277,922
84$37,974,767$2,958,688$684,473$18,856,370
85$41,739,013$2,994,484$598,222$20,592,747
86$45,883,772$3,028,594$505,643$22,503,173
87$50,447,750$3,060,828$406,415$24,605,416
88$55,473,594$3,090,982$300,204$26,919,064
89$61,008,300$3,118,840$186,660$29,465,707
90$67,103,652$3,144,168$65,418$32,269,143
91$73,816,715$3,166,722$0$35,355,603
92$81,210,367$3,186,239$0$38,769,018
93$89,353,898$3,202,439$0$42,543,606
94$98,323,662$3,215,024$0$46,699,221
95$108,203,795$3,223,680$0$51,274,686
96$119,087,013$3,228,071$0$56,312,784
97$131,075,481$3,227,839$0$61,860,667
98$144,281,782$3,222,606$0$67,970,300
99$158,829,980$3,211,969$0$74,698,950
100$174,856,785$3,195,503$0$82,109,731