Can I retire at age 47 with 1,390,000?

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 $1,390,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$114,785$113,762$112,765$111,791$110,841$107,638
2 years$56,824$55,766$54,740$53,746$52,781$49,580
3 years$37,507$36,444$35,421$34,435$33,487$30,387
4 years$27,850$26,790$25,777$24,809$23,883$20,909
5 years$22,057$21,004$20,004$19,056$18,155$15,315
6 years$18,196$17,151$16,166$15,239$14,366$11,662
7 years$15,440$14,403$13,434$12,529$11,683$9,115
8 years$13,374$12,346$11,393$10,510$9,692$7,259
9 years$11,767$10,750$9,813$8,952$8,162$5,862
10 years$10,483$9,475$8,555$7,717$6,955$4,783
11 years$9,433$8,435$7,532$6,716$5,981$3,935
12 years$8,558$7,571$6,684$5,891$5,183$3,259
13 years$7,819$6,842$5,972$5,201$4,520$2,713
14 years$7,186$6,219$5,366$4,617$3,962$2,268
15 years$6,637$5,681$4,845$4,117$3,489$1,903
16 years$6,158$5,213$4,392$3,687$3,083$1,601
17 years$5,736$4,801$3,997$3,312$2,734$1,350
18 years$5,361$4,436$3,649$2,985$2,431$1,140
19 years$5,025$4,111$3,340$2,697$2,167$965
20 years$4,724$3,820$3,065$2,443$1,935$818
21 years$4,452$3,559$2,820$2,217$1,732$694
22 years$4,205$3,322$2,599$2,016$1,552$589
23 years$3,979$3,107$2,399$1,836$1,393$501
24 years$3,773$2,911$2,219$1,674$1,252$426
25 years$3,584$2,732$2,055$1,529$1,127$363
26 years$3,409$2,567$1,906$1,398$1,015$309
27 years$3,248$2,416$1,770$1,280$915$263
28 years$3,098$2,277$1,646$1,173$826$224
29 years$2,959$2,148$1,531$1,075$746$191
30 years$2,829$2,028$1,426$987$674$163
31 years$2,709$1,918$1,330$906$609$139
32 years$2,595$1,814$1,241$833$551$119
33 years$2,489$1,718$1,158$766$499$101
34 years$2,390$1,628$1,082$705$452$86
35 years$2,296$1,545$1,012$649$409$74
36 years$2,208$1,466$947$597$371$63
37 years$2,124$1,392$886$551$336$54
38 years$2,046$1,323$830$507$304$46
39 years$1,971$1,258$777$468$276$39
40 years$1,900$1,197$729$432$250$33
41 years$1,833$1,140$683$398$227$28
42 years$1,770$1,085$641$367$206$24
43 years$1,709$1,034$601$339$187$21
44 years$1,652$986$565$313$170$18
45 years$1,597$940$530$289$154$15
46 years$1,544$897$498$267$140$13
47 years$1,494$856$468$247$127$11
48 years$1,447$817$440$228$115$9
49 years$1,401$780$413$211$105$8
50 years$1,357$745$388$195$95$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,390,000, adding $6,388 every year, while hoping to spend $38,606 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: 57/26/17 Blend
46$1,390,000$1,390,000$1,390,000$1,390,000
47$1,538,369$1,464,699$1,443,154$1,618,844
48$1,654,206$1,495,393$1,450,423$1,704,904
49$1,780,565$1,526,297$1,456,642$1,793,896
50$1,918,478$1,557,380$1,461,735$1,889,999
51$2,069,081$1,588,610$1,465,621$1,993,904
52$2,233,625$1,619,950$1,468,217$2,106,374
53$2,413,488$1,651,361$1,469,436$2,228,246
54$2,610,186$1,682,800$1,469,185$2,360,446
55$2,825,389$1,714,221$1,467,366$2,503,994
56$3,060,935$1,745,574$1,463,879$2,660,011
57$3,318,848$1,776,805$1,458,617$2,829,737
58$3,601,358$1,807,856$1,451,468$3,014,537
59$3,910,920$1,838,664$1,442,315$3,215,914
60$4,250,237$1,869,162$1,431,036$3,435,528
61$4,622,286$1,899,277$1,417,501$3,675,207
62$5,030,349$1,928,930$1,401,577$3,936,966
63$5,478,036$1,958,040$1,383,122$4,223,026
64$5,969,328$1,986,515$1,361,988$4,535,837
65$6,508,605$2,014,261$1,338,021$4,878,098
66$7,100,697$2,041,174$1,311,058$5,252,785
67$7,750,921$2,067,144$1,280,932$5,663,180
68$8,465,135$2,092,054$1,247,463$6,112,899
69$9,249,794$2,115,779$1,210,467$6,605,929
70$10,112,005$2,138,185$1,169,751$7,146,666
71$11,059,602$2,159,129$1,125,110$7,739,955
72$12,101,214$2,178,458$1,076,333$8,391,137
73$13,246,346$2,196,011$1,023,199$9,106,101
74$14,505,472$2,211,615$965,475$9,891,337
75$15,890,131$2,225,085$902,919$10,754,002
76$17,413,036$2,236,225$835,278$11,701,982
77$19,088,194$2,244,828$762,288$12,743,974
78$20,931,037$2,250,672$683,672$13,889,563
79$22,958,569$2,253,522$599,142$15,149,314
80$25,189,525$2,253,127$508,395$16,534,875
81$27,644,549$2,249,221$411,118$18,059,084
82$30,346,384$2,241,524$306,982$19,736,095
83$33,320,091$2,229,736$195,642$21,581,507
84$36,593,286$2,213,538$76,742$23,612,517
85$40,196,396$2,192,596$0$25,848,081
86$44,162,945$2,166,550$0$28,318,187
87$48,529,879$2,135,024$0$31,052,217
88$53,337,902$2,097,616$0$34,061,696
89$58,631,870$2,053,901$0$37,374,683
90$64,461,208$2,003,430$0$41,022,100
91$70,880,379$1,945,725$0$45,038,028
92$77,949,394$1,880,283$0$49,460,024
93$85,734,385$1,806,569$0$54,329,482
94$94,308,221$1,724,020$0$59,692,018
95$103,751,199$1,632,036$0$65,597,909
96$114,151,803$1,529,987$0$72,102,560
97$125,607,534$1,417,204$0$79,267,035
98$138,225,836$1,292,980$0$87,158,628
99$152,125,104$1,156,569$0$95,851,504
100$167,435,805$1,007,181$0$105,427,400