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%13.7%
1 years$112,308$111,307$110,331$109,379$108,448$106,784
2 years$55,598$54,562$53,559$52,586$51,642$49,969
3 years$36,697$35,657$34,656$33,692$32,764$31,134
4 years$27,248$26,212$25,221$24,273$23,367$21,794
5 years$21,581$20,550$19,572$18,644$17,764$16,251
6 years$17,804$16,781$15,817$14,910$14,056$12,606
7 years$15,107$14,093$13,144$12,258$11,431$10,044
8 years$13,085$12,080$11,147$10,283$9,483$8,159
9 years$11,513$10,518$9,601$8,759$7,986$6,724
10 years$10,257$9,271$8,371$7,550$6,805$5,603
11 years$9,229$8,253$7,369$6,571$5,852$4,711
12 years$8,374$7,408$6,540$5,764$5,071$3,988
13 years$7,650$6,694$5,843$5,088$4,422$3,396
14 years$7,031$6,085$5,250$4,517$3,877$2,906
15 years$6,494$5,559$4,740$4,028$3,413$2,496
16 years$6,025$5,100$4,298$3,607$3,017$2,151
17 years$5,612$4,697$3,911$3,241$2,675$1,859
18 years$5,245$4,340$3,570$2,921$2,378$1,610
19 years$4,917$4,022$3,268$2,639$2,120$1,398
20 years$4,622$3,738$2,999$2,390$1,893$1,215
21 years$4,356$3,482$2,759$2,169$1,694$1,058
22 years$4,114$3,250$2,543$1,972$1,519$923
23 years$3,893$3,040$2,348$1,796$1,363$805
24 years$3,692$2,848$2,171$1,638$1,225$704
25 years$3,506$2,673$2,011$1,496$1,103$615
26 years$3,335$2,512$1,865$1,368$993$538
27 years$3,178$2,364$1,732$1,252$896$471
28 years$3,031$2,228$1,610$1,147$808$413
29 years$2,895$2,101$1,498$1,052$730$362
30 years$2,768$1,985$1,396$966$659$317
31 years$2,650$1,876$1,301$887$596$279
32 years$2,539$1,775$1,214$815$539$244
33 years$2,436$1,681$1,133$749$488$215
34 years$2,338$1,593$1,059$690$442$188
35 years$2,246$1,511$990$635$400$165
36 years$2,160$1,434$926$585$363$145
37 years$2,078$1,362$867$539$329$128
38 years$2,001$1,295$812$496$298$112
39 years$1,928$1,231$761$458$270$99
40 years$1,859$1,171$713$422$245$87
41 years$1,794$1,115$668$390$222$76
42 years$1,731$1,062$627$360$202$67
43 years$1,672$1,012$588$332$183$59
44 years$1,616$964$552$306$166$52
45 years$1,562$920$519$283$151$45
46 years$1,511$877$487$261$137$40
47 years$1,462$837$458$242$124$35
48 years$1,415$799$430$223$113$31
49 years$1,371$763$404$206$103$27
50 years$1,328$729$380$191$93$24

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 $5,311 every year, while hoping to spend $57,600 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: 62/15/23 Blend
46$1,360,000$1,360,000$1,360,000$1,360,000
47$1,504,198$1,432,118$1,411,038$1,588,054
48$1,596,341$1,441,006$1,397,022$1,654,304
49$1,695,951$1,448,399$1,380,606$1,719,773
50$1,803,730$1,454,163$1,361,648$1,789,969
51$1,920,449$1,458,155$1,340,002$1,865,359
52$2,046,954$1,460,224$1,315,511$1,946,463
53$2,184,177$1,460,209$1,288,015$2,033,852
54$2,333,143$1,457,939$1,257,343$2,128,160
55$2,494,978$1,453,232$1,223,318$2,230,085
56$2,670,921$1,445,896$1,185,755$2,340,401
57$2,862,337$1,435,726$1,144,459$2,459,961
58$3,070,724$1,422,506$1,099,228$2,589,708
59$3,297,735$1,406,006$1,049,849$2,730,683
60$3,545,186$1,385,982$996,101$2,884,037
61$3,815,075$1,362,176$937,751$3,051,040
62$4,109,604$1,334,314$874,557$3,233,094
63$4,431,195$1,302,107$806,266$3,431,751
64$4,782,515$1,265,247$732,613$3,648,719
65$5,166,498$1,223,411$653,322$3,885,889
66$5,586,376$1,176,254$568,104$4,145,346
67$6,045,708$1,123,412$476,657$4,429,392
68$6,548,412$1,064,501$378,667$4,740,570
69$7,098,802$999,113$273,805$5,081,684
70$7,701,629$926,819$161,727$5,455,833
71$8,362,126$847,163$42,074$5,866,434
72$9,086,053$759,665$0$6,317,259
73$9,879,757$663,815$0$6,833,483
74$10,750,226$559,076$0$7,411,074
75$11,705,160$444,882$0$8,044,865
76$12,753,037$320,632$0$8,740,555
77$13,903,197$185,693$0$9,504,424
78$15,165,928$39,396$0$10,343,396
79$16,552,562$0$0$11,265,102
80$18,075,584$0$0$12,297,589
81$19,748,746$0$0$13,439,111
82$21,587,199$0$0$14,693,513
83$23,607,632$0$0$16,072,199
84$25,828,433$0$0$17,587,728
85$28,269,859$0$0$19,253,941
86$30,954,230$0$0$21,086,083
87$33,906,133$0$0$23,100,954
88$37,152,658$0$0$25,317,061
89$40,723,655$0$0$27,754,794
90$44,652,008$0$0$30,436,622
91$48,973,952$0$0$33,387,296
92$53,729,407$0$0$36,634,094
93$58,962,363$0$0$40,207,065
94$64,721,286$0$0$44,139,322
95$71,059,579$0$0$48,467,351
96$78,036,085$0$0$53,231,352
97$85,715,639$0$0$58,475,621
98$94,169,685$0$0$64,248,968
99$103,476,941$0$0$70,605,174
100$113,724,148$0$0$77,603,502