Can I retire at age 47 with 1,410,000?

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 $1,410,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$116,436$115,399$114,387$113,400$112,435$110,938
2 years$57,642$56,568$55,528$54,519$53,541$52,035
3 years$38,046$36,968$35,930$34,931$33,968$32,501
4 years$28,250$27,175$26,148$25,166$24,227$22,808
5 years$22,374$21,306$20,292$19,330$18,417$17,052
6 years$18,458$17,398$16,399$15,458$14,572$13,262
7 years$15,662$14,611$13,628$12,709$11,851$10,597
8 years$13,566$12,524$11,557$10,661$9,832$8,633
9 years$11,937$10,904$9,954$9,081$8,280$7,136
10 years$10,634$9,612$8,678$7,828$7,055$5,965
11 years$9,569$8,557$7,640$6,813$6,067$5,030
12 years$8,681$7,680$6,781$5,976$5,258$4,272
13 years$7,931$6,941$6,058$5,276$4,585$3,650
14 years$7,289$6,309$5,443$4,683$4,019$3,133
15 years$6,733$5,763$4,914$4,176$3,539$2,701
16 years$6,247$5,288$4,456$3,740$3,128$2,335
17 years$5,818$4,870$4,054$3,360$2,773$2,025
18 years$5,438$4,500$3,701$3,028$2,466$1,761
19 years$5,098$4,170$3,388$2,736$2,198$1,534
20 years$4,792$3,875$3,110$2,478$1,963$1,339
21 years$4,516$3,610$2,860$2,249$1,757$1,170
22 years$4,265$3,370$2,636$2,045$1,575$1,024
23 years$4,037$3,151$2,434$1,862$1,414$897
24 years$3,827$2,953$2,251$1,698$1,270$787
25 years$3,635$2,771$2,085$1,551$1,143$691
26 years$3,458$2,604$1,934$1,418$1,030$607
27 years$3,294$2,451$1,796$1,298$928$534
28 years$3,143$2,309$1,669$1,189$838$470
29 years$3,002$2,179$1,553$1,091$756$413
30 years$2,870$2,058$1,447$1,001$684$364
31 years$2,747$1,945$1,349$919$618$320
32 years$2,633$1,840$1,259$845$559$282
33 years$2,525$1,743$1,175$777$506$249
34 years$2,424$1,652$1,098$715$458$219
35 years$2,329$1,567$1,026$658$415$194
36 years$2,239$1,487$960$606$376$171
37 years$2,155$1,412$899$558$341$151
38 years$2,075$1,342$842$515$309$133
39 years$1,999$1,276$789$475$280$117
40 years$1,928$1,214$739$438$254$103
41 years$1,860$1,156$693$404$230$91
42 years$1,795$1,101$650$373$209$81
43 years$1,734$1,049$610$344$190$71
44 years$1,675$1,000$573$318$172$63
45 years$1,620$953$538$293$156$55
46 years$1,566$910$505$271$142$49
47 years$1,516$868$474$250$129$43
48 years$1,467$829$446$231$117$38
49 years$1,421$791$419$214$106$34
50 years$1,377$756$394$198$97$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,410,000, adding $3,026 every year, while hoping to spend $38,206 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: 68/24/8 Blend
46$1,410,000$1,410,000$1,410,000$1,410,000
47$1,556,941$1,482,211$1,460,356$1,660,352
48$1,675,098$1,514,189$1,468,627$1,761,297
49$1,804,027$1,546,453$1,475,895$1,866,742
50$1,944,786$1,578,977$1,482,085$1,981,031
51$2,098,539$1,611,732$1,487,120$2,105,025
52$2,266,570$1,644,687$1,490,919$2,239,669
53$2,450,291$1,677,807$1,493,395$2,386,006
54$2,651,255$1,711,054$1,494,459$2,545,185
55$2,871,176$1,744,388$1,494,016$2,718,469
56$3,111,937$1,777,765$1,491,967$2,907,253
57$3,375,616$1,811,136$1,488,208$3,113,071
58$3,664,496$1,844,450$1,482,631$3,337,615
59$3,981,096$1,877,649$1,475,121$3,582,746
60$4,328,189$1,910,675$1,465,558$3,850,518
61$4,708,827$1,943,460$1,453,817$4,143,192
62$5,126,373$1,975,936$1,439,766$4,463,260
63$5,584,533$2,008,027$1,423,268$4,813,467
64$6,087,386$2,039,651$1,404,178$5,196,839
65$6,639,427$2,070,721$1,382,345$5,616,709
66$7,245,606$2,101,144$1,357,612$6,076,752
67$7,911,378$2,130,820$1,329,812$6,581,015
68$8,642,750$2,159,642$1,298,772$7,133,959
69$9,446,341$2,187,495$1,264,311$7,740,501
70$10,329,443$2,214,257$1,226,241$8,406,058
71$11,300,087$2,239,797$1,184,361$9,136,599
72$12,367,124$2,263,975$1,138,465$9,938,705
73$13,540,303$2,286,642$1,088,336$10,819,627
74$14,830,366$2,307,639$1,033,747$11,787,354
75$16,249,147$2,326,798$974,462$12,850,694
76$17,809,686$2,343,937$910,232$14,019,352
77$19,526,348$2,358,864$840,799$15,304,023
78$21,414,962$2,371,374$765,892$16,716,495
79$23,492,968$2,381,251$685,229$18,269,759
80$25,779,582$2,388,263$598,515$19,978,132
81$28,295,975$2,392,164$505,441$21,857,393
82$31,065,477$2,392,693$405,686$23,924,931
83$34,113,793$2,389,572$298,914$26,199,911
84$37,469,245$2,382,506$184,773$28,703,454
85$41,163,043$2,371,184$62,897$31,458,839
86$45,229,574$2,355,273$0$34,491,719
87$49,706,730$2,334,420$0$37,836,101
88$54,636,263$2,308,254$0$41,523,514
89$60,064,182$2,276,379$0$45,582,959
90$66,041,181$2,238,374$0$50,052,320
91$72,623,124$2,193,797$0$54,973,347
92$79,871,566$2,142,176$0$60,392,049
93$87,854,337$2,083,013$0$66,359,129
94$96,646,180$2,015,782$0$72,930,464
95$106,329,458$1,939,923$0$80,167,633
96$116,994,930$1,854,846$0$88,138,498
97$128,742,606$1,759,927$0$96,917,846
98$141,682,691$1,654,503$0$106,588,094
99$155,936,628$1,537,876$0$117,240,069
100$171,638,240$1,409,307$0$128,973,867