Can I retire at age 47 with 1,440,000?

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 $1,440,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$118,914$117,855$116,821$115,813$114,828$112,925
2 years$58,868$57,772$56,709$55,679$54,680$52,769
3 years$38,856$37,755$36,695$35,674$34,691$32,831
4 years$28,851$27,754$26,704$25,701$24,742$22,947
5 years$22,850$21,759$20,724$19,741$18,808$17,084
6 years$18,851$17,768$16,748$15,787$14,883$13,230
7 years$15,995$14,922$13,917$12,979$12,103$10,524
8 years$13,855$12,791$11,803$10,888$10,041$8,534
9 years$12,191$11,136$10,166$9,274$8,456$7,020
10 years$10,860$9,816$8,863$7,994$7,205$5,840
11 years$9,772$8,739$7,803$6,958$6,196$4,900
12 years$8,866$7,843$6,925$6,103$5,370$4,141
13 years$8,100$7,088$6,187$5,388$4,683$3,519
14 years$7,444$6,443$5,559$4,783$4,105$3,005
15 years$6,876$5,886$5,019$4,265$3,614$2,576
16 years$6,380$5,400$4,550$3,819$3,194$2,215
17 years$5,942$4,973$4,141$3,431$2,832$1,910
18 years$5,554$4,596$3,780$3,092$2,518$1,651
19 years$5,206$4,259$3,460$2,794$2,245$1,430
20 years$4,894$3,958$3,176$2,531$2,005$1,241
21 years$4,612$3,687$2,921$2,297$1,794$1,078
22 years$4,356$3,441$2,692$2,088$1,608$938
23 years$4,123$3,218$2,486$1,902$1,444$817
24 years$3,909$3,016$2,299$1,735$1,298$712
25 years$3,713$2,830$2,129$1,584$1,168$621
26 years$3,532$2,660$1,975$1,448$1,052$542
27 years$3,364$2,503$1,834$1,326$948$473
28 years$3,209$2,359$1,705$1,215$856$414
29 years$3,065$2,225$1,586$1,114$773$362
30 years$2,931$2,101$1,478$1,022$698$317
31 years$2,806$1,986$1,378$939$631$277
32 years$2,689$1,880$1,285$863$571$242
33 years$2,579$1,780$1,200$794$517$212
34 years$2,476$1,687$1,121$730$468$186
35 years$2,379$1,600$1,048$672$424$163
36 years$2,287$1,519$981$619$384$143
37 years$2,201$1,442$918$570$348$125
38 years$2,119$1,371$860$526$315$110
39 years$2,042$1,304$805$485$286$96
40 years$1,969$1,240$755$447$259$84
41 years$1,899$1,181$708$412$235$74
42 years$1,833$1,124$664$381$214$65
43 years$1,771$1,071$623$351$194$57
44 years$1,711$1,021$585$324$176$50
45 years$1,654$974$549$300$160$44
46 years$1,600$929$516$277$145$38
47 years$1,548$886$485$256$132$34
48 years$1,499$846$455$236$120$29
49 years$1,451$808$428$218$109$26
50 years$1,406$772$402$202$99$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,440,000, adding $2,132 every year, while hoping to spend $29,826 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: 84/9/7 Blend
46$1,440,000$1,440,000$1,440,000$1,440,000
47$1,589,079$1,512,759$1,490,439$1,721,421
48$1,719,431$1,555,150$1,508,634$1,850,540
49$1,862,078$1,598,618$1,526,439$1,988,070
50$2,018,245$1,643,185$1,543,810$2,138,190
51$2,189,277$1,688,872$1,560,698$2,302,144
52$2,376,657$1,735,700$1,577,055$2,481,304
53$2,582,018$1,783,692$1,592,829$2,677,179
54$2,807,159$1,832,868$1,607,964$2,891,433
55$3,054,060$1,883,249$1,622,401$3,125,897
56$3,324,903$1,934,857$1,636,080$3,382,587
57$3,622,090$1,987,712$1,648,937$3,663,727
58$3,948,270$2,041,836$1,660,902$3,971,762
59$4,306,356$2,097,249$1,671,905$4,309,389
60$4,699,561$2,153,972$1,681,871$4,679,577
61$5,131,423$2,212,023$1,690,720$5,085,598
62$5,605,839$2,271,422$1,698,370$5,531,055
63$6,127,102$2,332,189$1,704,733$6,019,918
64$6,699,942$2,394,342$1,709,717$6,556,560
65$7,329,570$2,457,899$1,713,226$7,145,800
66$8,021,726$2,522,876$1,715,159$7,792,946
67$8,782,735$2,589,290$1,715,410$8,503,846
68$9,619,565$2,657,156$1,713,867$9,284,945
69$10,539,893$2,726,489$1,710,414$10,143,342
70$11,552,177$2,797,302$1,704,928$11,086,859
71$12,665,736$2,869,607$1,697,280$12,124,114
72$13,890,838$2,943,415$1,687,336$13,264,604
73$15,238,796$3,018,735$1,674,955$14,518,792
74$16,722,076$3,095,575$1,659,988$15,898,206
75$18,354,411$3,173,942$1,642,281$17,415,551
76$20,150,935$3,253,839$1,621,671$19,084,823
77$22,128,322$3,335,268$1,597,989$20,921,445
78$24,304,945$3,418,231$1,571,056$22,942,412
79$26,701,049$3,502,724$1,540,686$25,166,452
80$29,338,941$3,588,742$1,506,684$27,614,199
81$32,243,202$3,676,279$1,468,846$30,308,391
82$35,440,915$3,765,323$1,426,959$33,274,084
83$38,961,925$3,855,861$1,380,799$36,538,886
84$42,839,119$3,947,876$1,330,133$40,133,222
85$47,108,733$4,041,346$1,274,717$44,090,616
86$51,810,698$4,136,247$1,214,295$48,448,011
87$56,989,016$4,232,549$1,148,600$53,246,116
88$62,692,171$4,330,220$1,077,354$58,529,789
89$68,973,592$4,429,220$1,000,265$64,348,464
90$75,892,153$4,529,506$917,028$70,756,613
91$83,512,729$4,631,028$827,325$77,814,263
92$91,906,811$4,733,732$730,824$85,587,562
93$101,153,176$4,837,556$627,177$94,149,403
94$111,338,635$4,942,430$516,022$103,580,111
95$122,558,847$5,048,281$396,980$113,968,203
96$134,919,226$5,155,023$269,656$125,411,222
97$148,535,935$5,262,567$133,637$138,016,659
98$163,536,978$5,370,811$0$151,902,966
99$180,063,415$5,479,645$0$167,201,536
100$198,270,687$5,588,952$0$184,066,060