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

Use the below retirement simulation to view the chances of a successful retirement.
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%18.9%
1 years$115,611$114,581$113,576$112,596$111,638$107,634
2 years$57,233$56,167$55,134$54,132$53,161$49,170
3 years$37,776$36,706$35,675$34,683$33,727$29,876
4 years$28,050$26,983$25,963$24,987$24,055$20,371
5 years$22,216$21,155$20,148$19,193$18,286$14,780
6 years$18,327$17,274$16,283$15,349$14,469$11,144
7 years$15,551$14,507$13,531$12,619$11,767$8,622
8 years$13,470$12,435$11,475$10,586$9,762$6,794
9 years$11,852$10,827$9,884$9,017$8,221$5,426
10 years$10,558$9,544$8,617$7,772$7,005$4,378
11 years$9,501$8,496$7,586$6,764$6,024$3,560
12 years$8,620$7,626$6,732$5,933$5,221$2,913
13 years$7,875$6,891$6,015$5,238$4,552$2,395
14 years$7,237$6,264$5,405$4,650$3,991$1,978
15 years$6,685$5,722$4,880$4,147$3,514$1,638
16 years$6,203$5,250$4,424$3,713$3,105$1,360
17 years$5,777$4,835$4,026$3,336$2,753$1,132
18 years$5,399$4,468$3,675$3,007$2,448$944
19 years$5,062$4,141$3,364$2,717$2,182$788
20 years$4,758$3,848$3,088$2,460$1,949$659
21 years$4,484$3,584$2,840$2,233$1,744$551
22 years$4,235$3,346$2,617$2,030$1,563$461
23 years$4,008$3,129$2,417$1,849$1,403$387
24 years$3,800$2,932$2,235$1,686$1,261$324
25 years$3,609$2,751$2,070$1,540$1,135$272
26 years$3,434$2,586$1,920$1,408$1,022$228
27 years$3,271$2,434$1,783$1,289$922$192
28 years$3,120$2,293$1,657$1,181$832$161
29 years$2,980$2,163$1,542$1,083$751$135
30 years$2,850$2,043$1,437$994$679$114
31 years$2,728$1,931$1,339$913$614$95
32 years$2,614$1,827$1,250$839$555$80
33 years$2,507$1,731$1,167$771$502$67
34 years$2,407$1,640$1,090$710$455$57
35 years$2,312$1,556$1,019$653$412$48
36 years$2,224$1,477$953$602$373$40
37 years$2,140$1,402$892$554$338$34
38 years$2,060$1,333$836$511$307$28
39 years$1,985$1,267$783$471$278$24
40 years$1,914$1,206$734$435$252$20
41 years$1,847$1,148$688$401$229$17
42 years$1,782$1,093$646$370$208$14
43 years$1,721$1,042$606$342$188$12
44 years$1,663$993$569$315$171$10
45 years$1,608$947$534$291$155$8
46 years$1,555$903$501$269$141$7
47 years$1,505$862$471$249$128$6
48 years$1,457$823$443$230$116$5
49 years$1,411$786$416$212$106$4
50 years$1,367$751$391$196$96$4

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 $5,387 every year, while hoping to spend $39,082 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: 55/37/8 Blend
46$1,400,000$1,400,000$1,400,000$1,400,000
47$1,548,357$1,474,157$1,452,457$1,630,285
48$1,664,706$1,504,807$1,459,531$1,716,911
49$1,791,613$1,535,650$1,465,533$1,806,398
50$1,930,114$1,566,653$1,470,384$1,902,881
51$2,081,348$1,597,781$1,474,004$2,007,033
52$2,246,570$1,628,998$1,476,308$2,119,591
53$2,427,162$1,660,260$1,477,206$2,241,370
54$2,624,645$1,691,526$1,476,605$2,373,267
55$2,840,694$1,722,745$1,474,406$2,516,271
56$3,077,152$1,753,866$1,470,506$2,671,470
57$3,336,049$1,784,834$1,464,796$2,840,065
58$3,619,623$1,815,588$1,457,164$3,023,377
59$3,930,336$1,846,062$1,447,489$3,222,865
60$4,270,898$1,876,188$1,435,648$3,440,136
61$4,644,297$1,905,889$1,421,510$3,676,958
62$5,053,823$1,935,085$1,404,938$3,935,284
63$5,503,099$1,963,689$1,385,789$4,217,264
64$5,996,114$1,991,610$1,363,913$4,525,270
65$6,537,266$2,018,747$1,339,152$4,861,913
66$7,131,396$2,044,994$1,311,343$5,230,074
67$7,783,838$2,070,239$1,280,312$5,632,928
68$8,500,468$2,094,359$1,245,881$6,073,974
69$9,287,759$2,117,226$1,207,861$6,557,070
70$10,152,841$2,138,700$1,166,055$7,086,468
71$11,103,570$2,158,636$1,120,257$7,666,855
72$12,148,600$2,176,875$1,070,252$8,303,398
73$13,297,466$2,193,251$1,015,814$9,001,792
74$14,560,672$2,207,584$956,708$9,768,317
75$15,949,792$2,219,687$892,689$10,609,892
76$17,477,575$2,229,356$823,498$11,534,146
77$19,158,070$2,236,377$748,869$12,549,490
78$21,006,757$2,240,523$668,519$13,665,192
79$23,040,688$2,241,551$582,156$14,891,471
80$25,278,654$2,239,203$489,475$16,239,592
81$27,741,359$2,233,206$390,154$17,721,970
82$30,451,615$2,223,270$283,861$19,352,292
83$33,434,557$2,209,087$170,248$21,145,644
84$36,717,881$2,190,332$48,950$23,118,656
85$40,332,103$2,166,656$0$25,289,659
86$44,310,849$2,137,694$0$27,685,729
87$48,691,171$2,103,056$0$30,327,174
88$53,513,895$2,062,331$0$33,234,395
89$58,824,008$2,015,081$0$36,434,489
90$64,671,081$1,960,844$0$39,957,322
91$71,109,736$1,899,130$0$43,835,810
92$78,200,164$1,829,423$0$48,106,234
93$86,008,689$1,751,172$0$52,808,580
94$94,608,394$1,663,799$0$57,986,919
95$104,079,814$1,566,689$0$63,689,824
96$114,511,692$1,459,193$0$69,970,830
97$126,001,818$1,340,626$0$76,888,942
98$138,657,949$1,210,263$0$84,509,191
99$152,598,829$1,067,335$0$92,903,248
100$167,955,309$911,034$0$102,150,109