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%12.5%
1 years$118,088$117,036$116,010$115,008$114,030$112,839
2 years$58,459$57,371$56,316$55,292$54,300$53,101
3 years$38,586$37,492$36,440$35,426$34,450$33,280
4 years$28,651$27,561$26,519$25,523$24,570$23,438
5 years$22,692$21,608$20,580$19,604$18,678$17,586
6 years$18,720$17,645$16,631$15,677$14,779$13,730
7 years$15,884$14,818$13,821$12,889$12,019$11,013
8 years$13,758$12,702$11,721$10,812$9,971$9,008
9 years$12,106$11,059$10,095$9,210$8,397$7,477
10 years$10,785$9,748$8,801$7,939$7,155$6,276
11 years$9,704$8,678$7,749$6,909$6,153$5,316
12 years$8,805$7,789$6,877$6,060$5,332$4,536
13 years$8,044$7,039$6,144$5,350$4,650$3,892
14 years$7,393$6,398$5,520$4,749$4,076$3,357
15 years$6,828$5,845$4,984$4,236$3,589$2,907
16 years$6,335$5,363$4,519$3,793$3,172$2,526
17 years$5,901$4,939$4,112$3,408$2,812$2,202
18 years$5,515$4,564$3,754$3,071$2,501$1,924
19 years$5,170$4,230$3,436$2,775$2,229$1,684
20 years$4,860$3,930$3,154$2,513$1,991$1,478
21 years$4,580$3,661$2,901$2,281$1,782$1,298
22 years$4,326$3,417$2,674$2,074$1,597$1,142
23 years$4,094$3,196$2,469$1,889$1,434$1,006
24 years$3,882$2,995$2,283$1,723$1,289$888
25 years$3,687$2,810$2,114$1,573$1,159$783
26 years$3,507$2,641$1,961$1,438$1,044$692
27 years$3,341$2,486$1,821$1,317$942$612
28 years$3,187$2,342$1,693$1,206$850$541
29 years$3,044$2,210$1,575$1,106$767$479
30 years$2,911$2,087$1,467$1,015$693$424
31 years$2,786$1,973$1,368$932$627$376
32 years$2,670$1,867$1,276$857$567$333
33 years$2,561$1,768$1,192$788$513$295
34 years$2,458$1,675$1,114$725$465$262
35 years$2,362$1,589$1,041$667$421$232
36 years$2,271$1,508$974$615$381$206
37 years$2,185$1,432$912$566$346$183
38 years$2,104$1,361$854$522$313$162
39 years$2,028$1,295$800$481$284$144
40 years$1,955$1,232$750$444$258$128
41 years$1,886$1,172$703$410$234$114
42 years$1,821$1,117$659$378$212$101
43 years$1,758$1,064$619$349$192$90
44 years$1,699$1,014$581$322$175$80
45 years$1,643$967$545$298$159$71
46 years$1,589$922$512$275$144$63
47 years$1,537$880$481$254$131$56
48 years$1,488$840$452$235$119$50
49 years$1,441$803$425$217$108$44
50 years$1,396$767$400$200$98$39

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 $3,686 every year, while hoping to spend $42,522 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: 84/6/10 Blend
46$1,430,000$1,430,000$1,430,000$1,430,000
47$1,579,662$1,503,872$1,481,707$1,709,700
48$1,695,545$1,532,319$1,486,101$1,823,725
49$1,821,822$1,560,734$1,489,217$1,942,859
50$1,959,509$1,589,072$1,490,968$2,072,414
51$2,109,725$1,617,282$1,491,261$2,213,410
52$2,273,698$1,645,310$1,489,999$2,366,974
53$2,452,783$1,673,098$1,487,082$2,534,346
54$2,648,470$1,700,583$1,482,403$2,716,889
55$2,862,401$1,727,699$1,475,850$2,916,108
56$3,096,383$1,754,372$1,467,308$3,133,659
57$3,352,403$1,780,526$1,456,652$3,371,365
58$3,632,654$1,806,078$1,443,756$3,631,236
59$3,939,548$1,830,938$1,428,484$3,915,486
60$4,275,739$1,855,012$1,410,696$4,226,553
61$4,644,155$1,878,198$1,390,245$4,567,124
62$5,048,016$1,900,387$1,366,975$4,940,158
63$5,490,871$1,921,463$1,340,726$5,348,916
64$5,976,627$1,941,302$1,311,328$5,796,990
65$6,509,590$1,959,773$1,278,604$6,288,339
66$7,094,501$1,976,734$1,242,370$6,827,324
67$7,736,582$1,992,036$1,202,431$7,418,750
68$8,441,586$2,005,519$1,158,586$8,067,912
69$9,215,850$2,017,012$1,110,621$8,780,643
70$10,066,356$2,026,335$1,058,316$9,563,371
71$11,000,794$2,033,295$1,001,439$10,423,181
72$12,027,637$2,037,687$939,749$11,367,877
73$13,156,217$2,039,295$872,991$12,406,059
74$14,396,817$2,037,887$800,903$13,547,204
75$15,760,768$2,033,219$723,208$14,801,755
76$17,260,548$2,025,028$639,618$16,181,220
77$18,909,910$2,013,041$549,831$17,698,279
78$20,724,003$1,996,962$453,533$19,366,907
79$22,719,521$1,976,483$350,395$21,202,502
80$24,914,853$1,951,272$240,075$23,222,032
81$27,330,265$1,920,981$122,215$25,444,197
82$29,988,083$1,885,240$0$27,889,602
83$32,912,908$1,843,657$0$30,581,336
84$36,131,844$1,795,816$0$33,557,982
85$39,674,760$1,741,279$0$36,834,106
86$43,574,563$1,679,579$0$40,440,141
87$47,867,515$1,610,225$0$44,409,623
88$52,593,571$1,532,695$0$48,779,505
89$57,796,758$1,446,439$0$53,590,505
90$63,525,586$1,350,874$0$58,887,494
91$69,833,512$1,245,383$0$64,719,916
92$76,779,439$1,129,315$0$71,142,254
93$84,428,271$1,001,981$0$78,214,548
94$92,851,531$862,654$0$86,002,956
95$102,128,027$710,565$0$94,580,383
96$112,344,604$544,900$0$104,027,167
97$123,596,956$364,803$0$114,431,838
98$135,990,535$169,368$0$125,891,950
99$149,641,538$0$0$138,515,009
100$164,678,014$0$0$152,422,276