Can I retire at age 47 with 1,380,000?

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 $1,380,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$113,959$112,944$111,954$110,987$110,043$107,427
2 years$56,415$55,365$54,346$53,359$52,401$49,781
3 years$37,237$36,181$35,166$34,188$33,246$30,702
4 years$27,649$26,597$25,592$24,630$23,711$21,265
5 years$21,898$20,853$19,860$18,918$18,025$15,683
6 years$18,065$17,028$16,050$15,129$14,262$12,027
7 years$15,329$14,300$13,338$12,439$11,599$9,470
8 years$13,277$12,258$11,311$10,434$9,623$7,600
9 years$11,683$10,672$9,742$8,888$8,104$6,185
10 years$10,407$9,407$8,494$7,661$6,905$5,088
11 years$9,365$8,375$7,478$6,668$5,938$4,221
12 years$8,497$7,517$6,636$5,848$5,146$3,526
13 years$7,763$6,793$5,929$5,163$4,487$2,961
14 years$7,134$6,175$5,327$4,583$3,934$2,497
15 years$6,590$5,641$4,810$4,088$3,463$2,114
16 years$6,114$5,175$4,361$3,660$3,061$1,795
17 years$5,695$4,766$3,968$3,288$2,714$1,528
18 years$5,322$4,404$3,622$2,964$2,413$1,304
19 years$4,989$4,082$3,316$2,678$2,151$1,114
20 years$4,690$3,793$3,043$2,425$1,921$954
21 years$4,420$3,533$2,799$2,201$1,719$817
22 years$4,174$3,298$2,580$2,001$1,541$701
23 years$3,951$3,084$2,382$1,823$1,383$602
24 years$3,746$2,890$2,203$1,662$1,243$517
25 years$3,558$2,712$2,041$1,518$1,119$445
26 years$3,384$2,549$1,893$1,388$1,008$383
27 years$3,224$2,399$1,757$1,271$909$330
28 years$3,076$2,260$1,634$1,164$820$284
29 years$2,938$2,132$1,520$1,068$740$245
30 years$2,809$2,014$1,416$980$669$211
31 years$2,689$1,904$1,320$900$605$182
32 years$2,577$1,801$1,232$827$547$157
33 years$2,471$1,706$1,150$760$495$135
34 years$2,372$1,617$1,075$700$448$117
35 years$2,279$1,533$1,005$644$406$101
36 years$2,192$1,455$940$593$368$87
37 years$2,109$1,382$880$547$333$75
38 years$2,031$1,314$824$504$302$65
39 years$1,957$1,249$772$464$274$56
40 years$1,887$1,189$723$428$249$48
41 years$1,820$1,131$678$395$226$42
42 years$1,757$1,078$636$365$205$36
43 years$1,697$1,027$597$337$186$31
44 years$1,640$979$560$311$169$27
45 years$1,585$933$526$287$153$23
46 years$1,533$890$494$265$139$20
47 years$1,484$850$464$245$126$17
48 years$1,436$811$436$226$115$15
49 years$1,391$774$410$209$104$13
50 years$1,347$740$386$193$95$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,380,000, adding $3,666 every year, while hoping to spend $32,803 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: 78/10/12 Blend
46$1,380,000$1,380,000$1,380,000$1,380,000
47$1,524,541$1,451,401$1,430,011$1,639,702
48$1,645,143$1,487,618$1,443,015$1,752,201
49$1,776,946$1,524,510$1,455,354$1,870,991
50$1,921,058$1,562,075$1,466,973$2,000,346
51$2,078,701$1,600,311$1,477,811$2,141,308
52$2,251,216$1,639,215$1,487,806$2,295,023
53$2,440,084$1,678,780$1,496,891$2,462,753
54$2,646,932$1,718,999$1,504,996$2,645,889
55$2,873,554$1,759,866$1,512,049$2,845,964
56$3,121,926$1,801,368$1,517,972$3,064,663
57$3,394,223$1,843,496$1,522,684$3,303,847
58$3,692,841$1,886,234$1,526,101$3,565,562
59$4,020,418$1,929,567$1,528,133$3,852,065
60$4,379,862$1,973,477$1,528,686$4,165,840
61$4,774,374$2,017,943$1,527,664$4,509,626
62$5,207,481$2,062,943$1,524,961$4,886,438
63$5,683,067$2,108,451$1,520,471$5,299,600
64$6,205,413$2,154,438$1,514,080$5,752,774
65$6,779,233$2,200,873$1,505,668$6,249,994
66$7,409,719$2,247,720$1,495,113$6,795,704
67$8,102,593$2,294,941$1,482,282$7,394,804
68$8,864,159$2,342,495$1,467,040$8,052,689
69$9,701,360$2,390,334$1,449,242$8,775,305
70$10,621,847$2,438,408$1,428,740$9,569,206
71$11,634,048$2,486,663$1,405,376$10,441,610
72$12,747,251$2,535,039$1,378,986$11,400,475
73$13,971,685$2,583,471$1,349,397$12,454,566
74$15,318,625$2,631,889$1,316,429$13,613,543
75$16,800,490$2,680,217$1,279,895$14,888,051
76$18,430,966$2,728,373$1,239,597$16,289,821
77$20,225,129$2,776,269$1,195,329$17,831,779
78$22,199,596$2,823,809$1,146,875$19,528,168
79$24,372,670$2,870,891$1,094,011$21,394,684
80$26,764,522$2,917,405$1,036,500$23,448,626
81$29,397,377$2,963,231$974,097$25,709,053
82$32,295,723$3,008,244$906,543$28,196,971
83$35,486,545$3,052,306$833,571$30,935,525
84$38,999,576$3,095,272$754,899$33,950,224
85$42,867,578$3,136,986$670,233$37,269,177
86$47,126,653$3,177,280$579,268$40,923,359
87$51,816,581$3,215,976$481,682$44,946,906
88$56,981,196$3,252,883$377,142$49,377,435
89$62,668,801$3,287,796$265,299$54,256,400
90$68,932,620$3,320,500$145,788$59,629,484
91$75,831,304$3,350,761$18,229$65,547,030
92$83,429,482$3,378,334$0$72,064,514
93$91,798,371$3,402,954$0$79,258,169
94$101,016,447$3,424,341$0$87,183,745
95$111,170,189$3,442,198$0$95,913,206
96$122,354,889$3,456,207$0$105,528,428
97$134,675,557$3,466,030$0$116,119,639
98$148,247,908$3,471,310$0$127,786,264
99$163,199,455$3,471,664$0$140,637,869
100$179,670,714$3,466,690$0$154,795,192