Can I retire at age 47 with 1,450,000?

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 $1,450,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$119,740$118,673$117,632$116,617$115,625$113,106
2 years$59,277$58,173$57,103$56,066$55,060$52,534
3 years$39,125$38,017$36,950$35,922$34,932$32,479
4 years$29,052$27,946$26,890$25,880$24,914$22,552
5 years$23,009$21,910$20,868$19,878$18,939$16,676
6 years$18,982$17,891$16,864$15,897$14,986$12,823
7 years$16,106$15,025$14,014$13,070$12,188$10,126
8 years$13,951$12,879$11,885$10,964$10,111$8,150
9 years$12,275$11,214$10,237$9,339$8,515$6,652
10 years$10,935$9,884$8,925$8,050$7,255$5,490
11 years$9,840$8,799$7,857$7,006$6,239$4,569
12 years$8,928$7,898$6,973$6,145$5,407$3,828
13 years$8,156$7,137$6,230$5,425$4,715$3,226
14 years$7,496$6,488$5,598$4,816$4,133$2,730
15 years$6,924$5,927$5,054$4,295$3,639$2,319
16 years$6,424$5,438$4,582$3,846$3,216$1,976
17 years$5,983$5,008$4,169$3,455$2,852$1,689
18 years$5,592$4,627$3,806$3,114$2,536$1,446
19 years$5,242$4,289$3,484$2,814$2,260$1,240
20 years$4,928$3,985$3,198$2,548$2,019$1,065
21 years$4,644$3,712$2,941$2,313$1,807$917
22 years$4,386$3,465$2,711$2,103$1,619$789
23 years$4,151$3,241$2,503$1,915$1,454$681
24 years$3,936$3,036$2,315$1,747$1,307$587
25 years$3,738$2,850$2,144$1,595$1,176$507
26 years$3,556$2,678$1,989$1,459$1,059$438
27 years$3,388$2,520$1,846$1,335$955$379
28 years$3,232$2,375$1,717$1,223$862$327
29 years$3,087$2,241$1,597$1,122$778$283
30 years$2,952$2,116$1,488$1,029$703$245
31 years$2,825$2,000$1,387$945$635$212
32 years$2,707$1,893$1,294$869$575$184
33 years$2,597$1,792$1,208$799$520$159
34 years$2,493$1,699$1,129$735$471$138
35 years$2,395$1,611$1,056$677$427$119
36 years$2,303$1,529$988$623$387$103
37 years$2,216$1,453$924$574$350$90
38 years$2,134$1,380$866$529$318$78
39 years$2,056$1,313$811$488$288$67
40 years$1,982$1,249$760$450$261$58
41 years$1,912$1,189$713$415$237$51
42 years$1,846$1,132$669$383$215$44
43 years$1,783$1,079$627$354$195$38
44 years$1,723$1,028$589$327$177$33
45 years$1,666$981$553$302$161$29
46 years$1,611$935$519$279$146$25
47 years$1,559$893$488$257$133$22
48 years$1,509$852$458$238$120$19
49 years$1,461$814$431$220$109$16
50 years$1,416$777$405$203$99$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,450,000, adding $4,946 every year, while hoping to spend $42,247 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: 44/35/21 Blend
46$1,450,000$1,450,000$1,450,000$1,450,000
47$1,603,002$1,526,152$1,503,677$1,663,588
48$1,721,558$1,555,983$1,509,099$1,736,660
49$1,850,790$1,585,859$1,513,288$1,811,298
50$1,991,744$1,615,740$1,516,156$1,891,338
51$2,145,568$1,645,577$1,517,614$1,977,299
52$2,313,528$1,675,323$1,517,566$2,069,758
53$2,497,018$1,704,924$1,515,914$2,169,348
54$2,697,570$1,734,321$1,512,554$2,276,770
55$2,916,872$1,763,453$1,507,375$2,392,795
56$3,156,784$1,792,254$1,500,263$2,518,276
57$3,419,353$1,820,651$1,491,098$2,654,152
58$3,706,832$1,848,567$1,479,755$2,801,462
59$4,021,703$1,875,921$1,466,101$2,961,349
60$4,366,699$1,902,624$1,449,997$3,135,078
61$4,744,830$1,928,580$1,431,300$3,324,040
62$5,159,412$1,953,689$1,409,858$3,529,774
63$5,614,095$1,977,843$1,385,511$3,753,975
64$6,112,901$2,000,926$1,358,094$3,998,517
65$6,660,259$2,022,814$1,327,433$4,265,462
66$7,261,050$2,043,376$1,293,346$4,557,090
67$7,920,646$2,062,471$1,255,642$4,875,914
68$8,644,969$2,079,948$1,214,123$5,224,705
69$9,440,539$2,095,650$1,168,580$5,606,524
70$10,314,543$2,109,405$1,118,796$6,024,743
71$11,274,893$2,121,032$1,064,542$6,483,085
72$12,330,309$2,130,340$1,005,582$6,985,656
73$13,490,397$2,137,123$941,665$7,536,984
74$14,765,740$2,141,164$872,533$8,142,064
75$16,167,996$2,142,232$797,913$8,806,406
76$17,710,011$2,140,081$717,523$9,536,087
77$19,405,937$2,134,450$631,065$10,337,809
78$21,271,367$2,125,063$538,230$11,218,964
79$23,323,481$2,111,625$438,695$12,187,704
80$25,581,207$2,093,826$332,123$13,253,021
81$28,065,401$2,071,334$218,160$14,424,830
82$30,799,043$2,043,800$96,439$15,714,063
83$33,807,451$2,010,853$0$17,132,780
84$37,118,525$1,972,099$0$18,701,772
85$40,763,004$1,927,121$0$20,451,754
86$44,774,759$1,875,478$0$22,377,353
87$49,191,112$1,816,704$0$24,496,494
88$54,053,186$1,750,304$0$26,828,936
89$59,406,297$1,675,754$0$29,396,457
90$65,300,375$1,592,502$0$32,223,064
91$71,790,440$1,499,961$0$35,335,219
92$78,937,118$1,397,512$0$38,762,092
93$86,807,215$1,284,502$0$42,535,832
94$95,474,345$1,160,237$0$46,691,881
95$105,019,626$1,023,986$0$51,269,299
96$115,532,442$874,976$0$56,311,145
97$127,111,292$712,390$0$61,864,875
98$139,864,712$535,365$0$67,982,801
99$153,912,305$342,990$0$74,722,580
100$169,385,866$134,303$0$82,147,762