Can I retire at age 47 with 1,430,000?

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 $1,430,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$118,088$117,036$116,010$115,008$114,030$111,093
2 years$58,459$57,371$56,316$55,292$54,300$51,361
3 years$38,586$37,492$36,440$35,426$34,450$31,600
4 years$28,651$27,561$26,519$25,523$24,570$21,832
5 years$22,692$21,608$20,580$19,604$18,678$16,058
6 years$18,720$17,645$16,631$15,677$14,779$12,281
7 years$15,884$14,818$13,821$12,889$12,019$9,643
8 years$13,758$12,702$11,721$10,812$9,971$7,716
9 years$12,106$11,059$10,095$9,210$8,397$6,261
10 years$10,785$9,748$8,801$7,939$7,155$5,134
11 years$9,704$8,678$7,749$6,909$6,153$4,246
12 years$8,805$7,789$6,877$6,060$5,332$3,535
13 years$8,044$7,039$6,144$5,350$4,650$2,958
14 years$7,393$6,398$5,520$4,749$4,076$2,487
15 years$6,828$5,845$4,984$4,236$3,589$2,098
16 years$6,335$5,363$4,519$3,793$3,172$1,775
17 years$5,901$4,939$4,112$3,408$2,812$1,506
18 years$5,515$4,564$3,754$3,071$2,501$1,280
19 years$5,170$4,230$3,436$2,775$2,229$1,090
20 years$4,860$3,930$3,154$2,513$1,991$929
21 years$4,580$3,661$2,901$2,281$1,782$793
22 years$4,326$3,417$2,674$2,074$1,597$678
23 years$4,094$3,196$2,469$1,889$1,434$580
24 years$3,882$2,995$2,283$1,723$1,289$496
25 years$3,687$2,810$2,114$1,573$1,159$425
26 years$3,507$2,641$1,961$1,438$1,044$364
27 years$3,341$2,486$1,821$1,317$942$312
28 years$3,187$2,342$1,693$1,206$850$268
29 years$3,044$2,210$1,575$1,106$767$230
30 years$2,911$2,087$1,467$1,015$693$197
31 years$2,786$1,973$1,368$932$627$169
32 years$2,670$1,867$1,276$857$567$145
33 years$2,561$1,768$1,192$788$513$125
34 years$2,458$1,675$1,114$725$465$107
35 years$2,362$1,589$1,041$667$421$92
36 years$2,271$1,508$974$615$381$79
37 years$2,185$1,432$912$566$346$68
38 years$2,104$1,361$854$522$313$59
39 years$2,028$1,295$800$481$284$50
40 years$1,955$1,232$750$444$258$43
41 years$1,886$1,172$703$410$234$37
42 years$1,821$1,117$659$378$212$32
43 years$1,758$1,064$619$349$192$27
44 years$1,699$1,014$581$322$175$24
45 years$1,643$967$545$298$159$20
46 years$1,589$922$512$275$144$17
47 years$1,537$880$481$254$131$15
48 years$1,488$840$452$235$119$13
49 years$1,441$803$425$217$108$11
50 years$1,396$767$400$200$98$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,430,000, adding $4,671 every year, while hoping to spend $40,726 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: 57/25/18 Blend
46$1,430,000$1,430,000$1,430,000$1,430,000
47$1,580,678$1,504,888$1,482,723$1,663,007
48$1,698,575$1,535,296$1,489,062$1,749,896
49$1,827,133$1,565,828$1,494,249$1,839,724
50$1,967,395$1,596,448$1,498,201$1,936,702
51$2,120,512$1,627,117$1,500,833$2,041,524
52$2,287,749$1,657,790$1,502,056$2,154,958
53$2,470,499$1,688,421$1,501,774$2,277,849
54$2,670,295$1,718,959$1,499,889$2,411,129
55$2,888,826$1,749,350$1,496,296$2,555,825
56$3,127,952$1,779,533$1,490,888$2,713,068
57$3,389,719$1,809,446$1,483,548$2,884,107
58$3,676,382$1,839,021$1,474,159$3,070,319
59$3,990,423$1,868,183$1,462,593$3,273,219
60$4,334,577$1,896,854$1,448,721$3,494,481
61$4,711,853$1,924,950$1,432,403$3,735,947
62$5,125,570$1,952,380$1,413,495$3,999,651
63$5,579,378$1,979,046$1,391,848$4,287,834
64$6,077,301$2,004,846$1,367,301$4,602,965
65$6,623,770$2,029,668$1,339,690$4,947,768
66$7,223,667$2,053,394$1,308,842$5,325,247
67$7,882,367$2,075,897$1,274,575$5,738,713
68$8,605,795$2,097,042$1,236,699$6,191,814
69$9,400,474$2,116,685$1,195,016$6,688,574
70$10,273,592$2,134,672$1,149,319$7,233,431
71$11,233,068$2,150,841$1,099,391$7,831,275
72$12,287,624$2,165,016$1,045,004$8,487,497
73$13,446,872$2,177,012$985,922$9,208,041
74$14,721,400$2,186,632$921,897$9,999,462
75$16,122,873$2,193,667$852,670$10,868,983
76$17,664,142$2,197,893$777,971$11,824,569
77$19,359,367$2,199,073$697,516$12,874,999
78$21,224,151$2,196,955$611,011$14,029,952
79$23,275,681$2,191,273$518,147$15,300,099
80$25,532,897$2,181,742$418,602$16,697,202
81$28,016,668$2,168,062$312,040$18,234,228
82$30,749,984$2,149,913$198,109$19,925,469
83$33,758,180$2,126,957$76,444$21,786,683
84$37,069,171$2,098,835$0$23,835,240
85$40,713,714$2,065,165$0$26,100,539
86$44,725,701$2,025,546$0$28,609,767
87$49,142,474$1,979,550$0$31,371,570
88$54,005,183$1,926,724$0$34,411,677
89$59,359,169$1,866,591$0$37,758,442
90$65,254,393$1,798,643$0$41,443,116
91$71,745,909$1,722,344$0$45,500,137
92$78,894,380$1,637,127$0$49,967,461
93$86,766,652$1,542,391$0$54,886,920
94$95,436,384$1,437,503$0$60,304,615
95$104,984,745$1,321,790$0$66,271,353
96$115,501,175$1,194,544$0$72,843,130
97$127,084,232$1,055,014$0$80,081,657
98$139,842,522$902,408$0$88,054,945
99$153,895,722$735,888$0$96,837,947
100$169,375,711$554,572$0$106,513,269