Can I retire at age 47 with 1,400,000?

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 $1,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$115,611$114,581$113,576$112,596$111,638$107,935
2 years$57,233$56,167$55,134$54,132$53,161$49,466
3 years$37,776$36,706$35,675$34,683$33,727$30,157
4 years$28,050$26,983$25,963$24,987$24,055$20,636
5 years$22,216$21,155$20,148$19,193$18,286$15,028
6 years$18,327$17,274$16,283$15,349$14,469$11,374
7 years$15,551$14,507$13,531$12,619$11,767$8,835
8 years$13,470$12,435$11,475$10,586$9,762$6,990
9 years$11,852$10,827$9,884$9,017$8,221$5,607
10 years$10,558$9,544$8,617$7,772$7,005$4,544
11 years$9,501$8,496$7,586$6,764$6,024$3,712
12 years$8,620$7,626$6,732$5,933$5,221$3,052
13 years$7,875$6,891$6,015$5,238$4,552$2,521
14 years$7,237$6,264$5,405$4,650$3,991$2,092
15 years$6,685$5,722$4,880$4,147$3,514$1,741
16 years$6,203$5,250$4,424$3,713$3,105$1,453
17 years$5,777$4,835$4,026$3,336$2,753$1,216
18 years$5,399$4,468$3,675$3,007$2,448$1,019
19 years$5,062$4,141$3,364$2,717$2,182$855
20 years$4,758$3,848$3,088$2,460$1,949$719
21 years$4,484$3,584$2,840$2,233$1,744$605
22 years$4,235$3,346$2,617$2,030$1,563$509
23 years$4,008$3,129$2,417$1,849$1,403$429
24 years$3,800$2,932$2,235$1,686$1,261$362
25 years$3,609$2,751$2,070$1,540$1,135$305
26 years$3,434$2,586$1,920$1,408$1,022$258
27 years$3,271$2,434$1,783$1,289$922$217
28 years$3,120$2,293$1,657$1,181$832$184
29 years$2,980$2,163$1,542$1,083$751$155
30 years$2,850$2,043$1,437$994$679$131
31 years$2,728$1,931$1,339$913$614$111
32 years$2,614$1,827$1,250$839$555$94
33 years$2,507$1,731$1,167$771$502$79
34 years$2,407$1,640$1,090$710$455$67
35 years$2,312$1,556$1,019$653$412$57
36 years$2,224$1,477$953$602$373$48
37 years$2,140$1,402$892$554$338$40
38 years$2,060$1,333$836$511$307$34
39 years$1,985$1,267$783$471$278$29
40 years$1,914$1,206$734$435$252$24
41 years$1,847$1,148$688$401$229$21
42 years$1,782$1,093$646$370$208$18
43 years$1,721$1,042$606$342$188$15
44 years$1,663$993$569$315$171$13
45 years$1,608$947$534$291$155$11
46 years$1,555$903$501$269$141$9
47 years$1,505$862$471$249$128$8
48 years$1,457$823$443$230$116$6
49 years$1,411$786$416$212$106$5
50 years$1,367$751$391$196$96$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,400,000, adding $3,530 every year, while hoping to spend $36,381 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: 55/17/28 Blend
46$1,400,000$1,400,000$1,400,000$1,400,000
47$1,546,441$1,472,241$1,450,541$1,619,332
48$1,665,469$1,505,672$1,460,425$1,703,422
49$1,795,419$1,539,521$1,469,421$1,790,914
50$1,937,365$1,573,772$1,477,460$1,885,475
51$2,092,493$1,608,403$1,484,472$1,987,798
52$2,262,105$1,643,393$1,490,380$2,098,649
53$2,447,638$1,678,717$1,495,105$2,218,869
54$2,650,671$1,714,348$1,498,565$2,349,388
55$2,872,944$1,750,256$1,500,673$2,491,229
56$3,116,375$1,786,409$1,501,335$2,645,523
57$3,383,073$1,822,771$1,500,458$2,813,515
58$3,675,362$1,859,302$1,497,939$2,996,576
59$3,995,802$1,895,961$1,493,672$3,196,220
60$4,347,211$1,932,701$1,487,548$3,414,115
61$4,732,696$1,969,472$1,479,450$3,652,102
62$5,155,674$2,006,220$1,469,255$3,912,207
63$5,619,915$2,042,886$1,456,837$4,196,667
64$6,129,566$2,079,408$1,442,061$4,507,947
65$6,689,199$2,115,716$1,424,787$4,848,765
66$7,303,848$2,151,737$1,404,869$5,222,116
67$7,979,061$2,187,393$1,382,152$5,631,305
68$8,720,948$2,222,597$1,356,477$6,079,972
69$9,536,240$2,257,260$1,327,674$6,572,134
70$10,432,353$2,291,282$1,295,567$7,112,217
71$11,417,456$2,324,559$1,259,973$7,705,100
72$12,500,553$2,356,978$1,220,697$8,356,164
73$13,691,558$2,388,418$1,177,540$9,071,340
74$15,001,398$2,418,752$1,130,288$9,857,165
75$16,442,110$2,447,841$1,078,723$10,720,848
76$18,026,959$2,475,538$1,022,614$11,670,335
77$19,770,556$2,501,687$961,718$12,714,385
78$21,689,003$2,526,120$895,786$13,862,655
79$23,800,039$2,548,658$824,553$15,125,788
80$26,123,213$2,569,111$747,745$16,515,519
81$28,680,060$2,587,278$665,074$18,044,784
82$31,494,313$2,602,941$576,241$19,727,839
83$34,592,119$2,615,871$480,931$21,580,403
84$38,002,291$2,625,825$378,818$23,619,800
85$41,756,577$2,632,542$269,561$25,865,129
86$45,889,958$2,635,747$152,802$28,337,439
87$50,440,982$2,635,147$28,169$31,059,934
88$55,452,124$2,630,431$0$34,058,190
89$60,970,185$2,621,267$0$37,391,719
90$67,046,741$2,607,305$0$41,071,292
91$73,738,619$2,588,174$0$45,122,861
92$81,108,442$2,563,478$0$49,584,309
93$89,225,214$2,532,800$0$54,497,385
94$98,164,973$2,495,695$0$59,908,095
95$108,011,510$2,451,693$0$65,867,140
96$118,857,156$2,400,298$0$72,430,391
97$130,803,654$2,340,981$0$79,659,421
98$143,963,122$2,273,184$0$87,622,083
99$158,459,107$2,196,316$0$96,393,152
100$174,427,752$2,109,752$0$106,055,032