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

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 $1,360,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$112,308$111,307$110,331$109,379$108,448$104,809
2 years$55,598$54,562$53,559$52,586$51,642$48,011
3 years$36,697$35,657$34,656$33,692$32,764$29,256
4 years$27,248$26,212$25,221$24,273$23,367$20,009
5 years$21,581$20,550$19,572$18,644$17,764$14,564
6 years$17,804$16,781$15,817$14,910$14,056$11,017
7 years$15,107$14,093$13,144$12,258$11,431$8,553
8 years$13,085$12,080$11,147$10,283$9,483$6,763
9 years$11,513$10,518$9,601$8,759$7,986$5,421
10 years$10,257$9,271$8,371$7,550$6,805$4,391
11 years$9,229$8,253$7,369$6,571$5,852$3,584
12 years$8,374$7,408$6,540$5,764$5,071$2,945
13 years$7,650$6,694$5,843$5,088$4,422$2,432
14 years$7,031$6,085$5,250$4,517$3,877$2,016
15 years$6,494$5,559$4,740$4,028$3,413$1,677
16 years$6,025$5,100$4,298$3,607$3,017$1,398
17 years$5,612$4,697$3,911$3,241$2,675$1,169
18 years$5,245$4,340$3,570$2,921$2,378$979
19 years$4,917$4,022$3,268$2,639$2,120$821
20 years$4,622$3,738$2,999$2,390$1,893$689
21 years$4,356$3,482$2,759$2,169$1,694$580
22 years$4,114$3,250$2,543$1,972$1,519$488
23 years$3,893$3,040$2,348$1,796$1,363$411
24 years$3,692$2,848$2,171$1,638$1,225$346
25 years$3,506$2,673$2,011$1,496$1,103$292
26 years$3,335$2,512$1,865$1,368$993$246
27 years$3,178$2,364$1,732$1,252$896$207
28 years$3,031$2,228$1,610$1,147$808$175
29 years$2,895$2,101$1,498$1,052$730$148
30 years$2,768$1,985$1,396$966$659$125
31 years$2,650$1,876$1,301$887$596$105
32 years$2,539$1,775$1,214$815$539$89
33 years$2,436$1,681$1,133$749$488$75
34 years$2,338$1,593$1,059$690$442$64
35 years$2,246$1,511$990$635$400$54
36 years$2,160$1,434$926$585$363$45
37 years$2,078$1,362$867$539$329$38
38 years$2,001$1,295$812$496$298$32
39 years$1,928$1,231$761$458$270$27
40 years$1,859$1,171$713$422$245$23
41 years$1,794$1,115$668$390$222$20
42 years$1,731$1,062$627$360$202$17
43 years$1,672$1,012$588$332$183$14
44 years$1,616$964$552$306$166$12
45 years$1,562$920$519$283$151$10
46 years$1,511$877$487$261$137$8
47 years$1,462$837$458$242$124$7
48 years$1,415$799$430$223$113$6
49 years$1,371$763$404$206$103$5
50 years$1,328$729$380$191$93$4

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 $2,864 every year, while hoping to spend $57,241 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: 74/7/19 Blend
46$1,360,000$1,360,000$1,360,000$1,360,000
47$1,501,674$1,429,594$1,408,514$1,605,891
48$1,593,941$1,438,740$1,394,795$1,684,556
49$1,693,701$1,446,416$1,378,699$1,763,475
50$1,801,657$1,452,489$1,360,084$1,848,470
51$1,918,583$1,456,819$1,338,804$1,940,134
52$2,045,330$1,459,255$1,314,706$2,039,121
53$2,182,834$1,459,638$1,287,628$2,146,149
54$2,332,123$1,457,800$1,257,404$2,262,012
55$2,494,328$1,453,561$1,223,855$2,387,585
56$2,670,695$1,446,731$1,186,800$2,523,834
57$2,862,592$1,437,107$1,146,044$2,671,822
58$3,071,527$1,424,476$1,101,387$2,832,724
59$3,299,157$1,408,609$1,052,618$3,007,833
60$3,547,307$1,389,267$999,516$3,198,577
61$3,817,984$1,366,193$941,852$3,406,529
62$4,113,400$1,339,118$879,385$3,633,425
63$4,435,986$1,307,754$811,864$3,881,178
64$4,788,421$1,271,799$739,026$4,151,899
65$5,173,654$1,230,930$660,597$4,447,916
66$5,594,930$1,184,809$576,291$4,771,794
67$6,055,823$1,133,075$485,807$5,126,362
68$6,560,269$1,075,348$388,833$5,514,742
69$7,112,601$1,011,225$285,044$5,940,372
70$7,717,592$940,280$174,098$6,407,048
71$8,380,496$862,063$55,640$6,918,952
72$9,107,100$776,098$0$7,480,696
73$9,903,780$681,883$0$8,111,715
74$10,777,556$578,886$0$8,816,235
75$11,736,160$466,544$0$9,589,231
76$12,788,110$344,266$0$10,437,604
77$13,942,786$211,424$0$11,368,956
78$15,210,523$67,357$0$12,391,668
79$16,602,705$0$0$13,514,970
80$18,131,872$0$0$14,755,861
81$19,811,839$0$0$16,124,885
82$21,657,823$0$0$17,629,263
83$23,686,590$0$0$19,282,666
84$25,916,612$0$0$21,100,156
85$28,368,236$0$0$23,098,325
86$31,063,882$0$0$25,295,456
87$34,028,250$0$0$27,711,688
88$37,288,553$0$0$30,369,213
89$40,874,773$0$0$33,292,480
90$44,819,945$0$0$36,508,426
91$49,160,467$0$0$40,046,733
92$53,936,443$0$0$43,940,102
93$59,192,059$0$0$48,224,566
94$64,976,001$0$0$52,939,827
95$71,341,916$0$0$58,129,629
96$78,348,913$0$0$63,842,173
97$86,062,122$0$0$70,130,573
98$94,553,309$0$0$77,053,348
99$103,901,553$0$0$84,674,985
100$114,193,987$0$0$93,066,537