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

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 $1,430,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$118,088$117,036$116,010$115,008$114,030$112,652
2 years$58,459$57,371$56,316$55,292$54,300$52,913
3 years$38,586$37,492$36,440$35,426$34,450$33,097
4 years$28,651$27,561$26,519$25,523$24,570$23,262
5 years$22,692$21,608$20,580$19,604$18,678$17,418
6 years$18,720$17,645$16,631$15,677$14,779$13,570
7 years$15,884$14,818$13,821$12,889$12,019$10,860
8 years$13,758$12,702$11,721$10,812$9,971$8,863
9 years$12,106$11,059$10,095$9,210$8,397$7,339
10 years$10,785$9,748$8,801$7,939$7,155$6,146
11 years$9,704$8,678$7,749$6,909$6,153$5,192
12 years$8,805$7,789$6,877$6,060$5,332$4,419
13 years$8,044$7,039$6,144$5,350$4,650$3,782
14 years$7,393$6,398$5,520$4,749$4,076$3,254
15 years$6,828$5,845$4,984$4,236$3,589$2,810
16 years$6,335$5,363$4,519$3,793$3,172$2,435
17 years$5,901$4,939$4,112$3,408$2,812$2,116
18 years$5,515$4,564$3,754$3,071$2,501$1,844
19 years$5,170$4,230$3,436$2,775$2,229$1,610
20 years$4,860$3,930$3,154$2,513$1,991$1,408
21 years$4,580$3,661$2,901$2,281$1,782$1,233
22 years$4,326$3,417$2,674$2,074$1,597$1,082
23 years$4,094$3,196$2,469$1,889$1,434$950
24 years$3,882$2,995$2,283$1,723$1,289$836
25 years$3,687$2,810$2,114$1,573$1,159$735
26 years$3,507$2,641$1,961$1,438$1,044$647
27 years$3,341$2,486$1,821$1,317$942$571
28 years$3,187$2,342$1,693$1,206$850$503
29 years$3,044$2,210$1,575$1,106$767$444
30 years$2,911$2,087$1,467$1,015$693$392
31 years$2,786$1,973$1,368$932$627$346
32 years$2,670$1,867$1,276$857$567$306
33 years$2,561$1,768$1,192$788$513$270
34 years$2,458$1,675$1,114$725$465$239
35 years$2,362$1,589$1,041$667$421$211
36 years$2,271$1,508$974$615$381$187
37 years$2,185$1,432$912$566$346$165
38 years$2,104$1,361$854$522$313$146
39 years$2,028$1,295$800$481$284$129
40 years$1,955$1,232$750$444$258$114
41 years$1,886$1,172$703$410$234$101
42 years$1,821$1,117$659$378$212$90
43 years$1,758$1,064$619$349$192$79
44 years$1,699$1,014$581$322$175$70
45 years$1,643$967$545$298$159$62
46 years$1,589$922$512$275$144$55
47 years$1,537$880$481$254$131$49
48 years$1,488$840$452$235$119$43
49 years$1,441$803$425$217$108$38
50 years$1,396$767$400$200$98$34

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 $5,421 every year, while hoping to spend $44,909 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: 34/38/28 Blend
46$1,430,000$1,430,000$1,430,000$1,430,000
47$1,581,452$1,505,662$1,483,497$1,621,669
48$1,694,977$1,531,656$1,485,411$1,678,466
49$1,818,577$1,557,420$1,485,884$1,735,277
50$1,953,231$1,582,893$1,484,821$1,795,673
51$2,100,018$1,608,012$1,482,120$1,860,004
52$2,260,126$1,632,711$1,477,677$1,928,656
53$2,434,861$1,656,916$1,471,382$2,002,059
54$2,625,662$1,680,549$1,463,117$2,080,688
55$2,834,111$1,703,527$1,452,763$2,165,067
56$3,061,951$1,725,762$1,440,192$2,255,776
57$3,311,103$1,747,156$1,425,271$2,353,460
58$3,583,678$1,767,609$1,407,860$2,458,827
59$3,882,003$1,787,012$1,387,814$2,572,666
60$4,208,640$1,805,249$1,364,978$2,695,844
61$4,566,410$1,822,195$1,339,194$2,829,324
62$4,958,421$1,837,719$1,310,294$2,974,169
63$5,388,093$1,851,681$1,278,102$3,131,554
64$5,859,195$1,863,929$1,242,434$3,302,778
65$6,375,876$1,874,306$1,203,100$3,489,277
66$6,942,710$1,882,641$1,159,898$3,692,638
67$7,564,730$1,888,754$1,112,618$3,914,616
68$8,247,482$1,892,453$1,061,041$4,157,149
69$8,997,077$1,893,535$1,004,937$4,422,379
70$9,820,243$1,891,782$944,067$4,712,670
71$10,724,395$1,886,966$878,180$5,030,638
72$11,717,698$1,878,842$807,014$5,379,170
73$12,809,150$1,867,152$730,295$5,761,452
74$14,008,661$1,851,621$647,738$6,181,009
75$15,327,152$1,831,958$559,045$6,641,728
76$16,776,651$1,807,853$463,902$7,147,903
77$18,370,412$1,778,981$361,986$7,704,277
78$20,123,037$1,744,994$252,955$8,316,083
79$22,050,613$1,705,525$136,456$8,989,101
80$24,170,866$1,660,186$12,117$9,729,710
81$26,503,323$1,608,564$0$10,544,950
82$29,069,503$1,550,224$0$11,478,617
83$31,893,112$1,484,705$0$12,509,471
84$35,000,273$1,411,519$0$13,643,478
85$38,419,767$1,330,150$0$14,891,217
86$42,183,308$1,240,052$0$16,264,350
87$46,325,838$1,140,648$0$17,775,740
88$50,885,862$1,031,327$0$19,439,569
89$55,905,804$911,446$0$21,271,474
90$61,432,412$780,323$0$23,288,698
91$67,517,197$637,238$0$25,510,253
92$74,216,918$481,430$0$27,957,102
93$81,594,119$312,095$0$30,652,356
94$89,717,718$128,386$0$33,621,498
95$98,663,655$0$0$36,892,624
96$108,515,611$0$0$40,526,226
97$119,365,798$0$0$44,587,404
98$131,315,823$0$0$49,060,537
99$144,477,655$0$0$53,987,575
100$158,974,674$0$0$59,414,740