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%16.1%
1 years$112,308$111,307$110,331$109,379$108,448$105,741
2 years$55,598$54,562$53,559$52,586$51,642$48,931
3 years$36,697$35,657$34,656$33,692$32,764$30,135
4 years$27,248$26,212$25,221$24,273$23,367$20,840
5 years$21,581$20,550$19,572$18,644$17,764$15,345
6 years$17,804$16,781$15,817$14,910$14,056$11,749
7 years$15,107$14,093$13,144$12,258$11,431$9,236
8 years$13,085$12,080$11,147$10,283$9,483$7,398
9 years$11,513$10,518$9,601$8,759$7,986$6,010
10 years$10,257$9,271$8,371$7,550$6,805$4,935
11 years$9,229$8,253$7,369$6,571$5,852$4,086
12 years$8,374$7,408$6,540$5,764$5,071$3,406
13 years$7,650$6,694$5,843$5,088$4,422$2,855
14 years$7,031$6,085$5,250$4,517$3,877$2,403
15 years$6,494$5,559$4,740$4,028$3,413$2,030
16 years$6,025$5,100$4,298$3,607$3,017$1,720
17 years$5,612$4,697$3,911$3,241$2,675$1,461
18 years$5,245$4,340$3,570$2,921$2,378$1,244
19 years$4,917$4,022$3,268$2,639$2,120$1,060
20 years$4,622$3,738$2,999$2,390$1,893$906
21 years$4,356$3,482$2,759$2,169$1,694$774
22 years$4,114$3,250$2,543$1,972$1,519$663
23 years$3,893$3,040$2,348$1,796$1,363$568
24 years$3,692$2,848$2,171$1,638$1,225$487
25 years$3,506$2,673$2,011$1,496$1,103$418
26 years$3,335$2,512$1,865$1,368$993$358
27 years$3,178$2,364$1,732$1,252$896$308
28 years$3,031$2,228$1,610$1,147$808$265
29 years$2,895$2,101$1,498$1,052$730$227
30 years$2,768$1,985$1,396$966$659$195
31 years$2,650$1,876$1,301$887$596$168
32 years$2,539$1,775$1,214$815$539$145
33 years$2,436$1,681$1,133$749$488$124
34 years$2,338$1,593$1,059$690$442$107
35 years$2,246$1,511$990$635$400$92
36 years$2,160$1,434$926$585$363$79
37 years$2,078$1,362$867$539$329$68
38 years$2,001$1,295$812$496$298$59
39 years$1,928$1,231$761$458$270$51
40 years$1,859$1,171$713$422$245$44
41 years$1,794$1,115$668$390$222$37
42 years$1,731$1,062$627$360$202$32
43 years$1,672$1,012$588$332$183$28
44 years$1,616$964$552$306$166$24
45 years$1,562$920$519$283$151$21
46 years$1,511$877$487$261$137$18
47 years$1,462$837$458$242$124$15
48 years$1,415$799$430$223$113$13
49 years$1,371$763$404$206$103$11
50 years$1,328$729$380$191$93$10

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 $3,656 every year, while hoping to spend $22,287 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: 76/6/18 Blend
46$1,360,000$1,360,000$1,360,000$1,360,000
47$1,502,491$1,430,411$1,409,331$1,610,248
48$1,632,032$1,476,788$1,432,831$1,728,409
49$1,774,039$1,524,691$1,456,370$1,854,801
50$1,929,761$1,574,170$1,479,928$1,992,784
51$2,100,571$1,625,279$1,503,480$2,143,508
52$2,287,984$1,678,072$1,527,001$2,308,240
53$2,493,667$1,732,607$1,550,465$2,488,374
54$2,719,458$1,788,941$1,573,843$2,685,449
55$2,967,380$1,847,137$1,597,104$2,901,156
56$3,239,662$1,907,255$1,620,216$3,137,361
57$3,538,759$1,969,363$1,643,145$3,396,119
58$3,867,377$2,033,526$1,665,854$3,679,691
59$4,228,495$2,099,814$1,688,306$3,990,572
60$4,625,396$2,168,300$1,710,459$4,331,507
61$5,061,698$2,239,058$1,732,271$4,705,524
62$5,541,385$2,312,165$1,753,696$5,115,954
63$6,068,846$2,387,702$1,774,685$5,566,473
64$6,648,920$2,465,750$1,795,187$6,061,125
65$7,286,933$2,546,396$1,815,150$6,604,370
66$7,988,759$2,629,728$1,834,516$7,201,120
67$8,760,865$2,715,837$1,853,225$7,856,787
68$9,610,380$2,804,820$1,871,215$8,577,337
69$10,545,156$2,896,774$1,888,418$9,369,339
70$11,573,847$2,991,800$1,904,765$10,240,034
71$12,705,987$3,090,006$1,920,182$11,197,400
72$13,952,080$3,191,498$1,934,590$12,250,228
73$15,323,702$3,296,392$1,947,909$13,408,205
74$16,833,608$3,404,804$1,960,053$14,682,004
75$18,495,852$3,516,854$1,970,930$16,083,387
76$20,325,918$3,632,670$1,980,446$17,625,313
77$22,340,871$3,752,380$1,988,500$19,322,063
78$24,559,513$3,876,120$1,994,988$21,189,375
79$27,002,563$4,004,029$1,999,799$23,244,587
80$29,692,850$4,136,252$2,002,818$25,506,809
81$32,655,531$4,272,939$2,003,923$27,997,097
82$35,918,327$4,414,245$2,002,987$30,738,653
83$39,511,785$4,560,331$1,999,874$33,757,046
84$43,469,563$4,711,363$1,994,446$37,080,452
85$47,828,753$4,867,515$1,986,555$40,739,918
86$52,630,227$5,028,964$1,976,046$44,769,659
87$57,919,024$5,195,898$1,962,757$49,207,377
88$63,744,775$5,368,507$1,946,520$54,094,620
89$70,162,169$5,546,991$1,927,156$59,477,171
90$77,231,474$5,731,557$1,904,480$65,405,484
91$85,019,100$5,922,419$1,878,295$71,935,156
92$93,598,230$6,119,799$1,848,399$79,127,455
93$103,049,506$6,323,927$1,814,578$87,049,897
94$113,461,798$6,535,040$1,776,608$95,776,884
95$124,933,031$6,753,388$1,734,255$105,390,405
96$137,571,122$6,979,226$1,687,274$115,980,811
97$151,494,988$7,212,819$1,635,409$127,647,667
98$166,835,675$7,454,445$1,578,393$140,500,695
99$183,737,589$7,704,388$1,515,945$154,660,806
100$202,359,866$7,962,946$1,447,772$170,261,241