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

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 $1,460,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$120,565$119,492$118,444$117,421$116,422$112,786
2 years$59,686$58,574$57,497$56,452$55,439$51,808
3 years$39,395$38,279$37,204$36,170$35,173$31,661
4 years$29,252$28,139$27,075$26,058$25,086$21,719
5 years$23,168$22,061$21,011$20,015$19,070$15,859
6 years$19,113$18,015$16,980$16,006$15,089$12,036
7 years$16,217$15,129$14,111$13,160$12,272$9,376
8 years$14,047$12,968$11,967$11,039$10,180$7,440
9 years$12,360$11,291$10,307$9,403$8,573$5,986
10 years$11,011$9,953$8,986$8,106$7,305$4,866
11 years$9,908$8,860$7,911$7,054$6,283$3,988
12 years$8,989$7,952$7,021$6,188$5,444$3,290
13 years$8,213$7,187$6,273$5,463$4,748$2,727
14 years$7,548$6,532$5,636$4,849$4,162$2,271
15 years$6,972$5,968$5,089$4,325$3,664$1,897
16 years$6,468$5,475$4,614$3,872$3,238$1,589
17 years$6,025$5,042$4,198$3,479$2,871$1,334
18 years$5,631$4,659$3,832$3,135$2,553$1,122
19 years$5,279$4,318$3,508$2,833$2,276$945
20 years$4,962$4,013$3,220$2,566$2,033$797
21 years$4,676$3,738$2,962$2,329$1,819$673
22 years$4,416$3,489$2,730$2,117$1,631$569
23 years$4,180$3,263$2,520$1,928$1,464$482
24 years$3,963$3,057$2,331$1,759$1,316$408
25 years$3,764$2,869$2,159$1,606$1,184$345
26 years$3,581$2,697$2,002$1,469$1,066$293
27 years$3,411$2,538$1,859$1,344$961$248
28 years$3,254$2,391$1,728$1,232$867$210
29 years$3,108$2,256$1,608$1,129$783$178
30 years$2,972$2,131$1,498$1,037$708$151
31 years$2,845$2,014$1,397$952$640$129
32 years$2,726$1,906$1,303$875$579$109
33 years$2,615$1,805$1,217$805$524$93
34 years$2,510$1,710$1,137$740$474$79
35 years$2,412$1,622$1,063$681$430$67
36 years$2,319$1,540$994$628$389$57
37 years$2,231$1,463$931$578$353$48
38 years$2,149$1,390$872$533$320$41
39 years$2,070$1,322$817$491$290$35
40 years$1,996$1,257$765$453$263$29
41 years$1,926$1,197$718$418$239$25
42 years$1,859$1,140$673$386$217$21
43 years$1,795$1,086$632$356$197$18
44 years$1,735$1,035$593$329$178$15
45 years$1,677$987$557$304$162$13
46 years$1,622$942$523$281$147$11
47 years$1,570$899$491$259$134$9
48 years$1,519$858$462$240$121$8
49 years$1,471$819$434$221$110$7
50 years$1,425$783$408$205$100$6

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 $3,756 every year, while hoping to spend $43,504 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: 73/11/16 Blend
46$1,460,000$1,460,000$1,460,000$1,460,000
47$1,612,794$1,535,414$1,512,784$1,724,424
48$1,731,011$1,564,362$1,517,175$1,827,865
49$1,859,829$1,593,269$1,520,254$1,935,463
50$2,000,281$1,622,090$1,521,933$2,052,182
51$2,153,508$1,650,771$1,522,116$2,178,920
52$2,320,765$1,679,257$1,520,705$2,316,661
53$2,503,430$1,707,488$1,517,597$2,466,492
54$2,703,025$1,735,400$1,512,681$2,629,612
55$2,921,223$1,762,924$1,505,845$2,807,338
56$3,159,865$1,789,984$1,496,968$3,001,125
57$3,420,980$1,816,502$1,485,925$3,212,574
58$3,706,800$1,842,391$1,472,584$3,443,451
59$4,019,787$1,867,561$1,456,809$3,695,701
60$4,362,647$1,891,914$1,438,454$3,971,468
61$4,738,363$1,915,344$1,417,368$4,273,114
62$5,150,221$1,937,740$1,393,394$4,603,243
63$5,601,837$1,958,983$1,366,367$4,964,724
64$6,097,196$1,978,945$1,336,111$5,360,718
65$6,640,687$1,997,490$1,302,448$5,794,712
66$7,237,143$2,014,473$1,265,186$6,270,546
67$7,891,890$2,029,741$1,224,129$6,792,454
68$8,610,793$2,043,128$1,179,067$7,365,099
69$9,400,312$2,054,460$1,129,784$7,993,626
70$10,267,566$2,063,551$1,076,054$8,683,699
71$11,220,395$2,070,202$1,017,639$9,441,566
72$12,267,437$2,074,204$954,292$10,274,110
73$13,418,209$2,075,332$885,753$11,188,917
74$14,683,192$2,073,350$811,752$12,194,350
75$16,073,939$2,068,005$732,007$13,299,625
76$17,603,173$2,059,029$646,221$14,514,898
77$19,284,914$2,046,139$554,087$15,851,365
78$21,134,609$2,029,033$455,283$17,321,364
79$23,169,275$2,007,392$349,471$18,938,492
80$25,407,664$1,980,877$236,301$20,717,738
81$27,870,435$1,949,130$115,406$22,675,620
82$30,580,351$1,911,769$0$24,830,341
83$33,562,493$1,868,392$0$27,204,292
84$36,844,496$1,818,572$0$29,838,437
85$40,456,811$1,761,858$0$32,737,499
86$44,432,988$1,697,771$0$35,928,411
87$48,809,997$1,625,806$0$39,440,856
88$53,628,573$1,545,428$0$43,307,542
89$58,933,603$1,456,069$0$47,564,511
90$64,774,546$1,357,132$0$52,251,483
91$71,205,902$1,247,983$0$57,412,226
92$78,287,722$1,127,953$0$63,094,974
93$86,086,181$996,334$0$69,352,877
94$94,674,196$852,378$0$76,244,508
95$104,132,115$695,297$0$83,834,414
96$114,548,479$524,254$0$92,193,724
97$126,020,851$338,370$0$101,400,821
98$138,656,741$136,712$0$111,542,085
99$152,574,616$0$0$122,712,706
100$167,905,024$0$0$135,027,471