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%20%
1 years$120,565$119,492$118,444$117,421$116,422$111,759
2 years$59,686$58,574$57,497$56,452$55,439$50,800
3 years$39,395$38,279$37,204$36,170$35,173$30,703
4 years$29,252$28,139$27,075$26,058$25,086$20,820
5 years$23,168$22,061$21,011$20,015$19,070$15,018
6 years$19,113$18,015$16,980$16,006$15,089$11,255
7 years$16,217$15,129$14,111$13,160$12,272$8,653
8 years$14,047$12,968$11,967$11,039$10,180$6,774
9 years$12,360$11,291$10,307$9,403$8,573$5,373
10 years$11,011$9,953$8,986$8,106$7,305$4,305
11 years$9,908$8,860$7,911$7,054$6,283$3,476
12 years$8,989$7,952$7,021$6,188$5,444$2,824
13 years$8,213$7,187$6,273$5,463$4,748$2,304
14 years$7,548$6,532$5,636$4,849$4,162$1,888
15 years$6,972$5,968$5,089$4,325$3,664$1,551
16 years$6,468$5,475$4,614$3,872$3,238$1,278
17 years$6,025$5,042$4,198$3,479$2,871$1,055
18 years$5,631$4,659$3,832$3,135$2,553$872
19 years$5,279$4,318$3,508$2,833$2,276$722
20 years$4,962$4,013$3,220$2,566$2,033$599
21 years$4,676$3,738$2,962$2,329$1,819$497
22 years$4,416$3,489$2,730$2,117$1,631$412
23 years$4,180$3,263$2,520$1,928$1,464$343
24 years$3,963$3,057$2,331$1,759$1,316$285
25 years$3,764$2,869$2,159$1,606$1,184$237
26 years$3,581$2,697$2,002$1,469$1,066$197
27 years$3,411$2,538$1,859$1,344$961$164
28 years$3,254$2,391$1,728$1,232$867$136
29 years$3,108$2,256$1,608$1,129$783$114
30 years$2,972$2,131$1,498$1,037$708$95
31 years$2,845$2,014$1,397$952$640$79
32 years$2,726$1,906$1,303$875$579$66
33 years$2,615$1,805$1,217$805$524$55
34 years$2,510$1,710$1,137$740$474$46
35 years$2,412$1,622$1,063$681$430$38
36 years$2,319$1,540$994$628$389$32
37 years$2,231$1,463$931$578$353$26
38 years$2,149$1,390$872$533$320$22
39 years$2,070$1,322$817$491$290$18
40 years$1,996$1,257$765$453$263$15
41 years$1,926$1,197$718$418$239$13
42 years$1,859$1,140$673$386$217$11
43 years$1,795$1,086$632$356$197$9
44 years$1,735$1,035$593$329$178$7
45 years$1,677$987$557$304$162$6
46 years$1,622$942$523$281$147$5
47 years$1,570$899$491$259$134$4
48 years$1,519$858$462$240$121$4
49 years$1,471$819$434$221$110$3
50 years$1,425$783$408$205$100$2

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 $6,435 every year, while hoping to spend $52,605 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: 70/25/5 Blend
46$1,460,000$1,460,000$1,460,000$1,460,000
47$1,615,558$1,538,178$1,515,548$1,727,378
48$1,724,373$1,557,577$1,510,347$1,821,479
49$1,842,525$1,576,164$1,503,209$1,917,277
50$1,970,909$1,593,843$1,494,014$2,020,629
51$2,110,513$1,610,512$1,482,634$2,132,263
52$2,262,422$1,626,063$1,468,939$2,252,981
53$2,427,829$1,640,381$1,452,788$2,383,667
54$2,608,048$1,653,340$1,434,038$2,525,294
55$2,804,527$1,664,812$1,412,536$2,678,935
56$3,018,856$1,674,654$1,388,123$2,845,775
57$3,252,786$1,682,720$1,360,632$3,027,117
58$3,508,247$1,688,850$1,329,890$3,224,397
59$3,787,361$1,692,876$1,295,713$3,439,200
60$4,092,464$1,694,619$1,257,912$3,673,272
61$4,426,130$1,693,890$1,216,287$3,928,538
62$4,791,191$1,690,486$1,170,628$4,207,119
63$5,190,766$1,684,194$1,120,718$4,511,355
64$5,628,291$1,674,786$1,066,329$4,843,823
65$6,107,547$1,662,022$1,007,222$5,207,367
66$6,632,701$1,645,644$943,147$5,605,119
67$7,208,339$1,625,383$873,845$6,040,534
68$7,839,513$1,600,951$799,043$6,517,421
69$8,531,789$1,572,043$718,457$7,039,977
70$9,291,296$1,538,338$631,789$7,612,831
71$10,124,784$1,499,492$538,730$8,241,085
72$11,039,690$1,455,145$438,955$8,930,365
73$12,044,204$1,404,913$332,127$9,686,870
74$13,147,351$1,348,392$217,891$10,517,439
75$14,359,070$1,285,153$95,880$11,429,606
76$15,690,312$1,214,741$0$12,431,681
77$17,153,138$1,136,678$0$13,534,654
78$18,760,838$1,050,455$0$14,752,368
79$20,528,053$955,538$0$16,090,856
80$22,470,914$851,358$0$17,562,412
81$24,607,189$737,316$0$19,180,588
82$26,956,458$612,780$0$20,960,320
83$29,540,291$477,081$0$22,918,072
84$32,382,455$329,513$0$25,071,993
85$35,509,135$169,329$0$27,442,087
86$38,949,183$0$0$30,050,403
87$42,734,385$0$0$32,922,416
88$46,899,768$0$0$36,134,242
89$51,483,925$0$0$39,669,066
90$56,529,377$0$0$43,559,691
91$62,082,979$0$0$47,842,257
92$68,196,359$0$0$52,556,588
93$74,926,402$0$0$57,746,566
94$82,335,790$0$0$63,460,541
95$90,493,594$0$0$69,751,792
96$99,475,919$0$0$76,679,027
97$109,366,629$0$0$84,306,934
98$120,258,133$0$0$92,706,798
99$132,252,257$0$0$101,957,165
100$145,461,208$0$0$112,144,590