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

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 $1,440,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$118,914$117,855$116,821$115,813$114,828$113,158
2 years$58,868$57,772$56,709$55,679$54,680$53,002
3 years$38,856$37,755$36,695$35,674$34,691$33,056
4 years$28,851$27,754$26,704$25,701$24,742$23,163
5 years$22,850$21,759$20,724$19,741$18,808$17,290
6 years$18,851$17,768$16,748$15,787$14,883$13,426
7 years$15,995$14,922$13,917$12,979$12,103$10,709
8 years$13,855$12,791$11,803$10,888$10,041$8,709
9 years$12,191$11,136$10,166$9,274$8,456$7,186
10 years$10,860$9,816$8,863$7,994$7,205$5,996
11 years$9,772$8,739$7,803$6,958$6,196$5,047
12 years$8,866$7,843$6,925$6,103$5,370$4,279
13 years$8,100$7,088$6,187$5,388$4,683$3,648
14 years$7,444$6,443$5,559$4,783$4,105$3,126
15 years$6,876$5,886$5,019$4,265$3,614$2,688
16 years$6,380$5,400$4,550$3,819$3,194$2,320
17 years$5,942$4,973$4,141$3,431$2,832$2,008
18 years$5,554$4,596$3,780$3,092$2,518$1,742
19 years$5,206$4,259$3,460$2,794$2,245$1,514
20 years$4,894$3,958$3,176$2,531$2,005$1,318
21 years$4,612$3,687$2,921$2,297$1,794$1,150
22 years$4,356$3,441$2,692$2,088$1,608$1,004
23 years$4,123$3,218$2,486$1,902$1,444$878
24 years$3,909$3,016$2,299$1,735$1,298$768
25 years$3,713$2,830$2,129$1,584$1,168$673
26 years$3,532$2,660$1,975$1,448$1,052$590
27 years$3,364$2,503$1,834$1,326$948$517
28 years$3,209$2,359$1,705$1,215$856$454
29 years$3,065$2,225$1,586$1,114$773$398
30 years$2,931$2,101$1,478$1,022$698$350
31 years$2,806$1,986$1,378$939$631$307
32 years$2,689$1,880$1,285$863$571$270
33 years$2,579$1,780$1,200$794$517$238
34 years$2,476$1,687$1,121$730$468$209
35 years$2,379$1,600$1,048$672$424$184
36 years$2,287$1,519$981$619$384$162
37 years$2,201$1,442$918$570$348$142
38 years$2,119$1,371$860$526$315$125
39 years$2,042$1,304$805$485$286$110
40 years$1,969$1,240$755$447$259$97
41 years$1,899$1,181$708$412$235$85
42 years$1,833$1,124$664$381$214$75
43 years$1,771$1,071$623$351$194$66
44 years$1,711$1,021$585$324$176$58
45 years$1,654$974$549$300$160$51
46 years$1,600$929$516$277$145$45
47 years$1,548$886$485$256$132$40
48 years$1,499$846$455$236$120$35
49 years$1,451$808$428$218$109$31
50 years$1,406$772$402$202$99$27

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 $4,137 every year, while hoping to spend $41,153 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: 49/42/9 Blend
46$1,440,000$1,440,000$1,440,000$1,440,000
47$1,591,147$1,514,827$1,492,507$1,665,102
48$1,709,658$1,545,267$1,498,720$1,746,620
49$1,838,877$1,575,820$1,503,761$1,830,427
50$1,979,854$1,606,446$1,507,549$1,920,502
51$2,133,743$1,637,106$1,509,996$2,017,443
52$2,301,815$1,667,755$1,511,011$2,121,907
53$2,485,469$1,698,344$1,510,498$2,234,621
54$2,686,245$1,728,820$1,508,358$2,356,383
55$2,905,839$1,759,129$1,504,485$2,488,075
56$3,146,118$1,789,210$1,498,768$2,630,668
57$3,409,137$1,818,997$1,491,092$2,785,232
58$3,697,161$1,848,419$1,481,336$2,952,949
59$4,012,683$1,877,403$1,469,372$3,135,120
60$4,358,448$1,905,867$1,455,067$3,333,179
61$4,737,480$1,933,725$1,438,282$3,548,708
62$5,153,108$1,960,883$1,418,870$3,783,451
63$5,609,002$1,987,243$1,396,679$4,039,330
64$6,109,201$2,012,698$1,371,548$4,318,467
65$6,658,154$2,037,135$1,343,310$4,623,197
66$7,260,764$2,060,433$1,311,789$4,956,099
67$7,922,429$2,082,462$1,276,801$5,320,013
68$8,649,098$2,103,084$1,238,155$5,718,074
69$9,447,323$2,122,151$1,195,650$6,153,735
70$10,324,321$2,139,508$1,149,075$6,630,806
71$11,288,043$2,154,986$1,098,212$7,153,486
72$12,347,251$2,168,407$1,042,829$7,726,406
73$13,511,595$2,179,583$982,688$8,354,672
74$14,791,707$2,188,312$917,537$9,043,913
75$16,199,301$2,194,379$847,115$9,800,335
76$17,747,283$2,197,557$771,146$10,630,783
77$19,449,872$2,197,604$689,346$11,542,801
78$21,322,735$2,194,263$601,415$12,544,708
79$23,383,133$2,187,260$507,041$13,645,676
80$25,650,084$2,176,307$405,898$14,855,816
81$28,144,543$2,161,097$297,646$16,186,277
82$30,889,598$2,141,302$181,929$17,649,350
83$33,910,690$2,116,579$58,377$19,258,585
84$37,235,849$2,086,560$0$21,028,923
85$40,895,962$2,050,858$0$22,983,887
86$44,925,061$2,009,061$0$25,141,021
87$49,360,647$1,960,734$0$27,514,769
88$54,244,038$1,905,416$0$30,127,241
89$59,620,767$1,842,619$0$33,002,807
90$65,541,003$1,771,825$0$36,168,330
91$72,060,029$1,692,488$0$39,653,421
92$79,238,762$1,604,029$0$43,490,718
93$87,144,326$1,505,838$0$47,716,198
94$95,850,690$1,397,266$0$52,369,518
95$105,439,358$1,277,629$0$57,494,386
96$116,000,145$1,146,206$0$63,138,982
97$127,632,020$1,002,231$0$69,356,410
98$140,444,043$844,896$0$76,205,205
99$154,556,388$673,350$0$83,749,883
100$170,101,486$486,689$0$92,061,556