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%15.4%
1 years$115,611$114,581$113,576$112,596$111,638$109,161
2 years$57,233$56,167$55,134$54,132$53,161$50,678
3 years$37,776$36,706$35,675$34,683$33,727$31,317
4 years$28,050$26,983$25,963$24,987$24,055$21,734
5 years$22,216$21,155$20,148$19,193$18,286$16,063
6 years$18,327$17,274$16,283$15,349$14,469$12,345
7 years$15,551$14,507$13,531$12,619$11,767$9,743
8 years$13,470$12,435$11,475$10,586$9,762$7,837
9 years$11,852$10,827$9,884$9,017$8,221$6,393
10 years$10,558$9,544$8,617$7,772$7,005$5,272
11 years$9,501$8,496$7,586$6,764$6,024$4,385
12 years$8,620$7,626$6,732$5,933$5,221$3,672
13 years$7,875$6,891$6,015$5,238$4,552$3,092
14 years$7,237$6,264$5,405$4,650$3,991$2,615
15 years$6,685$5,722$4,880$4,147$3,514$2,220
16 years$6,203$5,250$4,424$3,713$3,105$1,891
17 years$5,777$4,835$4,026$3,336$2,753$1,614
18 years$5,399$4,468$3,675$3,007$2,448$1,381
19 years$5,062$4,141$3,364$2,717$2,182$1,184
20 years$4,758$3,848$3,088$2,460$1,949$1,016
21 years$4,484$3,584$2,840$2,233$1,744$874
22 years$4,235$3,346$2,617$2,030$1,563$752
23 years$4,008$3,129$2,417$1,849$1,403$648
24 years$3,800$2,932$2,235$1,686$1,261$558
25 years$3,609$2,751$2,070$1,540$1,135$482
26 years$3,434$2,586$1,920$1,408$1,022$416
27 years$3,271$2,434$1,783$1,289$922$359
28 years$3,120$2,293$1,657$1,181$832$310
29 years$2,980$2,163$1,542$1,083$751$268
30 years$2,850$2,043$1,437$994$679$232
31 years$2,728$1,931$1,339$913$614$201
32 years$2,614$1,827$1,250$839$555$174
33 years$2,507$1,731$1,167$771$502$150
34 years$2,407$1,640$1,090$710$455$130
35 years$2,312$1,556$1,019$653$412$113
36 years$2,224$1,477$953$602$373$97
37 years$2,140$1,402$892$554$338$84
38 years$2,060$1,333$836$511$307$73
39 years$1,985$1,267$783$471$278$63
40 years$1,914$1,206$734$435$252$55
41 years$1,847$1,148$688$401$229$47
42 years$1,782$1,093$646$370$208$41
43 years$1,721$1,042$606$342$188$36
44 years$1,663$993$569$315$171$31
45 years$1,608$947$534$291$155$27
46 years$1,555$903$501$269$141$23
47 years$1,505$862$471$249$128$20
48 years$1,457$823$443$230$116$17
49 years$1,411$786$416$212$106$15
50 years$1,367$751$391$196$96$13

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 $6,174 every year, while hoping to spend $53,454 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: 41/39/20 Blend
46$1,400,000$1,400,000$1,400,000$1,400,000
47$1,549,168$1,474,968$1,453,268$1,603,330
48$1,650,309$1,490,367$1,445,078$1,657,911
49$1,759,974$1,504,729$1,434,822$1,711,337
50$1,878,978$1,517,947$1,422,375$1,768,064
51$2,008,213$1,529,906$1,407,604$1,828,424
52$2,148,664$1,540,484$1,390,372$1,892,781
53$2,301,413$1,549,553$1,370,535$1,961,543
54$2,467,650$1,556,975$1,347,941$2,035,160
55$2,648,686$1,562,602$1,322,432$2,114,131
56$2,845,961$1,566,278$1,293,843$2,199,009
57$3,061,062$1,567,839$1,261,999$2,290,408
58$3,295,735$1,567,108$1,226,721$2,389,007
59$3,551,902$1,563,898$1,187,818$2,495,559
60$3,831,678$1,558,011$1,145,092$2,610,898
61$4,137,391$1,549,236$1,098,335$2,735,946
62$4,471,607$1,537,350$1,047,331$2,871,728
63$4,837,146$1,522,116$991,852$3,019,373
64$5,237,118$1,503,282$931,662$3,180,135
65$5,674,944$1,480,583$866,513$3,355,400
66$6,154,394$1,453,737$796,146$3,546,702
67$6,679,616$1,422,444$720,291$3,755,738
68$7,255,181$1,386,388$638,665$3,984,385
69$7,886,123$1,345,234$550,973$4,234,720
70$8,577,984$1,298,628$456,908$4,509,039
71$9,336,871$1,246,193$356,146$4,809,880
72$10,169,508$1,187,532$248,354$5,140,050
73$11,083,302$1,122,227$133,178$5,502,652
74$12,086,414$1,049,830$10,255$5,901,115
75$13,187,831$969,874$0$6,339,228
76$14,397,453$881,861$0$6,846,986
77$15,726,187$785,266$0$7,407,223
78$17,186,048$679,534$0$8,022,949
79$18,790,272$564,079$0$8,699,904
80$20,553,441$438,280$0$9,444,422
81$22,491,620$301,484$0$10,263,493
82$24,622,508$153,000$0$11,164,831
83$26,965,604$0$0$12,156,947
84$29,542,391$0$0$13,252,622
85$32,376,539$0$0$14,530,147
86$35,494,126$0$0$15,935,641
87$38,923,885$0$0$17,482,083
88$42,697,474$0$0$19,183,774
89$46,849,774$0$0$21,056,471
90$51,419,220$0$0$23,117,536
91$56,448,159$0$0$25,386,098
92$61,983,250$0$0$27,883,236
93$68,075,909$0$0$30,632,177
94$74,782,785$0$0$33,658,513
95$82,166,302$0$0$36,990,443
96$90,295,241$0$0$40,659,041
97$99,245,392$0$0$44,698,547
98$109,100,271$0$0$49,146,689
99$119,951,900$0$0$54,045,042
100$131,901,683$0$0$59,439,416