Can I retire at age 47 with 1,460,000?

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 $1,460,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$120,565$119,492$118,444$117,421$116,422$111,980
2 years$59,686$58,574$57,497$56,452$55,439$51,016
3 years$39,395$38,279$37,204$36,170$35,173$30,908
4 years$29,252$28,139$27,075$26,058$25,086$21,011
5 years$23,168$22,061$21,011$20,015$19,070$15,197
6 years$19,113$18,015$16,980$16,006$15,089$11,420
7 years$16,217$15,129$14,111$13,160$12,272$8,805
8 years$14,047$12,968$11,967$11,039$10,180$6,913
9 years$12,360$11,291$10,307$9,403$8,573$5,501
10 years$11,011$9,953$8,986$8,106$7,305$4,422
11 years$9,908$8,860$7,911$7,054$6,283$3,582
12 years$8,989$7,952$7,021$6,188$5,444$2,919
13 years$8,213$7,187$6,273$5,463$4,748$2,391
14 years$7,548$6,532$5,636$4,849$4,162$1,965
15 years$6,972$5,968$5,089$4,325$3,664$1,621
16 years$6,468$5,475$4,614$3,872$3,238$1,340
17 years$6,025$5,042$4,198$3,479$2,871$1,110
18 years$5,631$4,659$3,832$3,135$2,553$922
19 years$5,279$4,318$3,508$2,833$2,276$766
20 years$4,962$4,013$3,220$2,566$2,033$637
21 years$4,676$3,738$2,962$2,329$1,819$531
22 years$4,416$3,489$2,730$2,117$1,631$442
23 years$4,180$3,263$2,520$1,928$1,464$369
24 years$3,963$3,057$2,331$1,759$1,316$308
25 years$3,764$2,869$2,159$1,606$1,184$257
26 years$3,581$2,697$2,002$1,469$1,066$215
27 years$3,411$2,538$1,859$1,344$961$179
28 years$3,254$2,391$1,728$1,232$867$150
29 years$3,108$2,256$1,608$1,129$783$125
30 years$2,972$2,131$1,498$1,037$708$105
31 years$2,845$2,014$1,397$952$640$88
32 years$2,726$1,906$1,303$875$579$73
33 years$2,615$1,805$1,217$805$524$61
34 years$2,510$1,710$1,137$740$474$51
35 years$2,412$1,622$1,063$681$430$43
36 years$2,319$1,540$994$628$389$36
37 years$2,231$1,463$931$578$353$30
38 years$2,149$1,390$872$533$320$25
39 years$2,070$1,322$817$491$290$21
40 years$1,996$1,257$765$453$263$18
41 years$1,926$1,197$718$418$239$15
42 years$1,859$1,140$673$386$217$12
43 years$1,795$1,086$632$356$197$10
44 years$1,735$1,035$593$329$178$9
45 years$1,677$987$557$304$162$7
46 years$1,622$942$523$281$147$6
47 years$1,570$899$491$259$134$5
48 years$1,519$858$462$240$121$4
49 years$1,471$819$434$221$110$4
50 years$1,425$783$408$205$100$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,460,000, adding $4,782 every year, while hoping to spend $49,844 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: 55/29/16 Blend
46$1,460,000$1,460,000$1,460,000$1,460,000
47$1,613,853$1,536,473$1,513,843$1,695,522
48$1,725,432$1,558,726$1,511,523$1,773,923
49$1,846,722$1,580,400$1,507,455$1,853,484
50$1,978,660$1,601,412$1,501,527$1,938,994
51$2,122,279$1,621,676$1,493,623$2,031,033
52$2,278,713$1,641,100$1,483,621$2,130,242
53$2,449,212$1,659,584$1,471,393$2,237,325
54$2,635,151$1,677,024$1,456,805$2,353,064
55$2,838,044$1,693,305$1,439,715$2,478,316
56$3,059,557$1,708,309$1,419,977$2,614,033
57$3,301,522$1,721,907$1,397,437$2,761,259
58$3,565,960$1,733,963$1,371,934$2,921,153
59$3,855,092$1,744,332$1,343,298$3,094,987
60$4,171,366$1,752,859$1,311,354$3,284,170
61$4,517,477$1,759,380$1,275,915$3,490,255
62$4,896,390$1,763,720$1,236,789$3,714,954
63$5,311,374$1,765,694$1,193,773$3,960,158
64$5,766,026$1,765,105$1,146,656$4,227,953
65$6,264,308$1,761,743$1,095,217$4,520,641
66$6,810,585$1,755,386$1,039,224$4,840,761
67$7,409,663$1,745,798$978,436$5,191,115
68$8,066,835$1,732,729$912,601$5,574,792
69$8,787,933$1,715,913$841,453$5,995,204
70$9,579,378$1,695,069$764,718$6,456,111
71$10,448,246$1,669,898$682,107$6,961,664
72$11,402,328$1,640,085$593,319$7,516,440
73$12,450,211$1,605,294$498,041$8,125,489
74$13,601,350$1,565,171$395,943$8,794,381
75$14,866,164$1,519,341$286,683$9,529,258
76$16,256,130$1,467,405$169,904$10,336,898
77$17,783,891$1,408,944$45,231$11,224,775
78$19,463,377$1,343,511$0$12,201,131
79$21,309,934$1,270,636$0$13,290,051
80$23,340,471$1,189,821$0$14,495,783
81$25,573,617$1,100,540$0$15,821,728
82$28,029,894$1,002,235$0$17,280,155
83$30,731,916$894,317$0$18,884,591
84$33,704,598$776,165$0$20,649,947
85$36,975,391$647,122$0$22,592,661
86$40,574,543$506,492$0$24,730,853
87$44,535,379$353,543$0$27,084,501
88$48,894,621$187,500$0$29,675,623
89$53,692,730$7,545$0$32,528,494
90$58,974,287$0$0$35,669,873
91$64,788,418$0$0$39,188,989
92$71,189,251$0$0$43,066,037
93$78,236,430$0$0$47,334,756
94$85,995,676$0$0$52,034,979
95$94,539,408$0$0$57,210,594
96$103,947,424$0$0$62,909,966
97$114,307,655$0$0$69,186,386
98$125,716,993$0$0$76,098,578
99$138,282,208$0$0$83,711,252
100$152,120,951$0$0$92,095,714