Can I retire at age 47 with 1,470,000?

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 $1,470,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$121,391$120,310$119,255$118,225$117,220$115,947
2 years$60,095$58,975$57,891$56,839$55,819$54,538
3 years$39,665$38,541$37,459$36,417$35,414$34,164
4 years$29,452$28,332$27,261$26,237$25,257$24,048
5 years$23,326$22,212$21,155$20,152$19,200$18,035
6 years$19,244$18,138$17,097$16,116$15,193$14,073
7 years$16,329$15,232$14,207$13,250$12,356$11,282
8 years$14,143$13,057$12,049$11,115$10,250$9,223
9 years$12,444$11,368$10,378$9,467$8,632$7,650
10 years$11,086$10,021$9,048$8,161$7,355$6,418
11 years$9,976$8,921$7,965$7,103$6,326$5,433
12 years$9,051$8,007$7,069$6,230$5,482$4,632
13 years$8,269$7,236$6,316$5,500$4,780$3,973
14 years$7,599$6,577$5,675$4,882$4,190$3,424
15 years$7,020$6,008$5,124$4,354$3,689$2,963
16 years$6,513$5,513$4,645$3,899$3,261$2,573
17 years$6,066$5,077$4,227$3,503$2,891$2,241
18 years$5,669$4,691$3,859$3,157$2,571$1,957
19 years$5,315$4,348$3,532$2,852$2,291$1,712
20 years$4,996$4,040$3,242$2,583$2,047$1,501
21 years$4,708$3,763$2,982$2,345$1,831$1,318
22 years$4,447$3,513$2,748$2,132$1,642$1,159
23 years$4,208$3,286$2,538$1,942$1,474$1,020
24 years$3,990$3,078$2,347$1,771$1,325$899
25 years$3,790$2,889$2,174$1,617$1,192$793
26 years$3,605$2,715$2,016$1,479$1,074$700
27 years$3,435$2,555$1,872$1,353$968$618
28 years$3,276$2,408$1,740$1,240$873$546
29 years$3,129$2,271$1,619$1,137$789$483
30 years$2,992$2,145$1,508$1,044$713$428
31 years$2,864$2,028$1,406$958$644$378
32 years$2,745$1,919$1,312$881$583$335
33 years$2,633$1,817$1,225$810$527$297
34 years$2,527$1,722$1,145$745$478$263
35 years$2,428$1,633$1,070$686$433$233
36 years$2,335$1,550$1,001$632$392$207
37 years$2,247$1,473$937$582$355$183
38 years$2,163$1,399$877$537$322$163
39 years$2,084$1,331$822$495$292$144
40 years$2,010$1,266$771$456$265$128
41 years$1,939$1,205$723$421$240$113
42 years$1,872$1,148$678$389$218$101
43 years$1,808$1,094$636$359$198$89
44 years$1,747$1,042$597$331$180$79
45 years$1,689$994$561$306$163$70
46 years$1,633$948$526$283$148$62
47 years$1,580$905$495$261$134$55
48 years$1,530$864$465$241$122$49
49 years$1,481$825$437$223$111$44
50 years$1,435$788$411$206$101$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,470,000, adding $6,203 every year, while hoping to spend $51,702 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: 49/27/24 Blend
46$1,470,000$1,470,000$1,470,000$1,470,000
47$1,626,338$1,548,428$1,525,643$1,694,716
48$1,737,214$1,569,291$1,521,742$1,763,904
49$1,857,667$1,589,443$1,515,977$1,833,347
50$1,988,618$1,608,795$1,508,231$1,907,745
51$2,131,083$1,627,251$1,498,383$1,987,589
52$2,286,177$1,644,710$1,486,302$2,073,421
53$2,455,129$1,661,063$1,471,855$2,165,839
54$2,639,291$1,676,194$1,454,901$2,265,507
55$2,840,149$1,689,978$1,435,291$2,373,156
56$3,059,343$1,702,286$1,412,872$2,489,594
57$3,298,673$1,712,975$1,387,481$2,615,716
58$3,560,125$1,721,897$1,358,948$2,752,507
59$3,845,881$1,728,894$1,327,097$2,901,060
60$4,158,348$1,733,797$1,291,741$3,062,578
61$4,500,172$1,736,425$1,252,686$3,238,392
62$4,874,268$1,736,589$1,209,730$3,429,973
63$5,283,847$1,734,086$1,162,660$3,638,944
64$5,732,445$1,728,700$1,111,254$3,867,099
65$6,223,952$1,720,205$1,055,280$4,116,416
66$6,762,658$1,708,358$994,494$4,389,083
67$7,353,284$1,692,902$928,644$4,687,513
68$8,001,029$1,673,565$857,464$5,014,373
69$8,711,623$1,650,058$780,678$5,372,605
70$9,491,373$1,622,076$697,996$5,765,458
71$10,347,230$1,589,294$609,115$6,196,517
72$11,286,848$1,551,370$513,721$6,669,741
73$12,318,659$1,507,940$411,483$7,189,498
74$13,451,952$1,458,619$302,058$7,760,611
75$14,696,960$1,403,000$185,086$8,388,400
76$16,064,956$1,340,652$60,192$9,078,738
77$17,568,357$1,271,120$0$9,838,105
78$19,220,846$1,193,922$0$10,692,368
79$21,037,495$1,108,547$0$11,648,364
80$23,034,910$1,014,456$0$12,699,478
81$25,231,387$911,080$0$13,855,426
82$27,647,082$797,817$0$15,126,921
83$30,304,204$674,030$0$16,525,774
84$33,227,222$539,046$0$18,065,006
85$36,443,095$392,156$0$19,758,974
86$39,981,528$232,609$0$21,623,504
87$43,875,250$59,613$0$23,676,043
88$48,160,324$0$0$25,935,826
89$52,876,483$0$0$28,461,991
90$58,067,511$0$0$31,262,199
91$63,781,649$0$0$34,344,787
92$70,072,054$0$0$37,738,454
93$76,997,296$0$0$41,474,827
94$84,621,918$0$0$45,588,751
95$93,017,034$0$0$50,118,626
96$102,261,008$0$0$55,106,763
97$112,440,188$0$0$60,599,784
98$123,649,725$0$0$66,649,066
99$135,994,464$0$0$73,311,220
100$149,589,940$0$0$80,648,629