Can I retire at age 47 with 1,360,000?

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 $1,360,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$112,308$111,307$110,331$109,379$108,448$107,495
2 years$55,598$54,562$53,559$52,586$51,642$50,681
3 years$36,697$35,657$34,656$33,692$32,764$31,825
4 years$27,248$26,212$25,221$24,273$23,367$22,459
5 years$21,581$20,550$19,572$18,644$17,764$16,887
6 years$17,804$16,781$15,817$14,910$14,056$13,213
7 years$15,107$14,093$13,144$12,258$11,431$10,622
8 years$13,085$12,080$11,147$10,283$9,483$8,708
9 years$11,513$10,518$9,601$8,759$7,986$7,244
10 years$10,257$9,271$8,371$7,550$6,805$6,096
11 years$9,229$8,253$7,369$6,571$5,852$5,176
12 years$8,374$7,408$6,540$5,764$5,071$4,427
13 years$7,650$6,694$5,843$5,088$4,422$3,809
14 years$7,031$6,085$5,250$4,517$3,877$3,294
15 years$6,494$5,559$4,740$4,028$3,413$2,860
16 years$6,025$5,100$4,298$3,607$3,017$2,492
17 years$5,612$4,697$3,911$3,241$2,675$2,178
18 years$5,245$4,340$3,570$2,921$2,378$1,909
19 years$4,917$4,022$3,268$2,639$2,120$1,676
20 years$4,622$3,738$2,999$2,390$1,893$1,475
21 years$4,356$3,482$2,759$2,169$1,694$1,300
22 years$4,114$3,250$2,543$1,972$1,519$1,147
23 years$3,893$3,040$2,348$1,796$1,363$1,014
24 years$3,692$2,848$2,171$1,638$1,225$897
25 years$3,506$2,673$2,011$1,496$1,103$794
26 years$3,335$2,512$1,865$1,368$993$704
27 years$3,178$2,364$1,732$1,252$896$624
28 years$3,031$2,228$1,610$1,147$808$554
29 years$2,895$2,101$1,498$1,052$730$492
30 years$2,768$1,985$1,396$966$659$437
31 years$2,650$1,876$1,301$887$596$388
32 years$2,539$1,775$1,214$815$539$345
33 years$2,436$1,681$1,133$749$488$307
34 years$2,338$1,593$1,059$690$442$273
35 years$2,246$1,511$990$635$400$243
36 years$2,160$1,434$926$585$363$217
37 years$2,078$1,362$867$539$329$193
38 years$2,001$1,295$812$496$298$172
39 years$1,928$1,231$761$458$270$153
40 years$1,859$1,171$713$422$245$136
41 years$1,794$1,115$668$390$222$121
42 years$1,731$1,062$627$360$202$108
43 years$1,672$1,012$588$332$183$96
44 years$1,616$964$552$306$166$86
45 years$1,562$920$519$283$151$77
46 years$1,511$877$487$261$137$68
47 years$1,462$837$458$242$124$61
48 years$1,415$799$430$223$113$54
49 years$1,371$763$404$206$103$48
50 years$1,328$729$380$191$93$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,360,000, adding $6,228 every year, while hoping to spend $53,125 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: 69/21/10 Blend
46$1,360,000$1,360,000$1,360,000$1,360,000
47$1,505,144$1,433,064$1,411,984$1,605,560
48$1,602,144$1,446,760$1,402,761$1,686,670
49$1,707,258$1,459,346$1,391,448$1,768,349
50$1,821,256$1,470,712$1,377,920$1,856,291
51$1,944,988$1,480,741$1,362,044$1,951,102
52$2,079,387$1,489,307$1,343,683$2,053,450
53$2,225,478$1,496,277$1,322,690$2,164,070
54$2,384,392$1,501,509$1,298,915$2,283,775
55$2,557,370$1,504,853$1,272,199$2,413,460
56$2,745,780$1,506,149$1,242,375$2,554,112
57$2,951,125$1,505,226$1,209,271$2,706,819
58$3,175,062$1,501,904$1,172,703$2,872,783
59$3,419,413$1,495,992$1,132,483$3,053,327
60$3,686,182$1,487,285$1,088,411$3,249,911
61$3,977,579$1,475,568$1,040,279$3,464,145
62$4,296,034$1,460,613$987,870$3,697,805
63$4,644,223$1,442,176$930,957$3,952,848
64$5,025,091$1,420,001$869,302$4,231,434
65$5,441,884$1,393,814$802,657$4,535,944
66$5,898,173$1,363,328$730,762$4,869,004
67$6,397,891$1,328,236$653,348$5,233,510
68$6,945,372$1,288,214$570,130$5,632,656
69$7,545,384$1,242,922$480,814$6,069,964
70$8,203,183$1,191,994$385,091$6,549,316
71$8,924,554$1,135,049$282,638$7,074,995
72$9,715,872$1,071,679$173,120$7,651,724
73$10,584,156$1,001,456$56,184$8,284,710
74$11,537,139$923,927$0$8,979,695
75$12,583,338$838,610$0$9,750,332
76$13,732,136$744,999$0$10,603,153
77$14,993,868$642,559$0$11,539,901
78$16,379,920$530,722$0$12,569,106
79$17,902,834$408,890$0$13,700,174
80$19,576,430$276,431$0$14,943,473
81$21,415,928$132,679$0$16,310,430
82$23,438,100$0$0$17,813,643
83$25,661,423$0$0$19,472,329
84$28,106,252$0$0$21,330,065
85$30,795,017$0$0$23,373,245
86$33,752,426$0$0$25,620,656
87$37,005,705$0$0$28,092,997
88$40,584,850$0$0$30,813,077
89$44,522,911$0$0$33,806,025
90$48,856,304$0$0$37,099,529
91$53,625,154$0$0$40,724,098
92$58,873,669$0$0$44,713,345
93$64,650,564$0$0$49,104,310
94$71,009,513$0$0$53,937,805
95$78,009,660$0$0$59,258,800
96$85,716,172$0$0$65,116,845
97$94,200,859$0$0$71,566,540
98$103,542,846$0$0$78,668,050
99$113,829,320$0$0$86,487,668
100$125,156,355$0$0$95,098,444