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%14%
1 years$121,391$120,310$119,255$118,225$117,220$115,278
2 years$60,095$58,975$57,891$56,839$55,819$53,868
3 years$39,665$38,541$37,459$36,417$35,414$33,515
4 years$29,452$28,332$27,261$26,237$25,257$23,425
5 years$23,326$22,212$21,155$20,152$19,200$17,440
6 years$19,244$18,138$17,097$16,116$15,193$13,506
7 years$16,329$15,232$14,207$13,250$12,356$10,743
8 years$14,143$13,057$12,049$11,115$10,250$8,712
9 years$12,444$11,368$10,378$9,467$8,632$7,167
10 years$11,086$10,021$9,048$8,161$7,355$5,961
11 years$9,976$8,921$7,965$7,103$6,326$5,002
12 years$9,051$8,007$7,069$6,230$5,482$4,227
13 years$8,269$7,236$6,316$5,500$4,780$3,592
14 years$7,599$6,577$5,675$4,882$4,190$3,067
15 years$7,020$6,008$5,124$4,354$3,689$2,629
16 years$6,513$5,513$4,645$3,899$3,261$2,261
17 years$6,066$5,077$4,227$3,503$2,891$1,950
18 years$5,669$4,691$3,859$3,157$2,571$1,685
19 years$5,315$4,348$3,532$2,852$2,291$1,460
20 years$4,996$4,040$3,242$2,583$2,047$1,266
21 years$4,708$3,763$2,982$2,345$1,831$1,100
22 years$4,447$3,513$2,748$2,132$1,642$957
23 years$4,208$3,286$2,538$1,942$1,474$834
24 years$3,990$3,078$2,347$1,771$1,325$727
25 years$3,790$2,889$2,174$1,617$1,192$634
26 years$3,605$2,715$2,016$1,479$1,074$553
27 years$3,435$2,555$1,872$1,353$968$483
28 years$3,276$2,408$1,740$1,240$873$422
29 years$3,129$2,271$1,619$1,137$789$369
30 years$2,992$2,145$1,508$1,044$713$323
31 years$2,864$2,028$1,406$958$644$283
32 years$2,745$1,919$1,312$881$583$247
33 years$2,633$1,817$1,225$810$527$217
34 years$2,527$1,722$1,145$745$478$190
35 years$2,428$1,633$1,070$686$433$166
36 years$2,335$1,550$1,001$632$392$146
37 years$2,247$1,473$937$582$355$128
38 years$2,163$1,399$877$537$322$112
39 years$2,084$1,331$822$495$292$98
40 years$2,010$1,266$771$456$265$86
41 years$1,939$1,205$723$421$240$75
42 years$1,872$1,148$678$389$218$66
43 years$1,808$1,094$636$359$198$58
44 years$1,747$1,042$597$331$180$51
45 years$1,689$994$561$306$163$44
46 years$1,633$948$526$283$148$39
47 years$1,580$905$495$261$134$34
48 years$1,530$864$465$241$122$30
49 years$1,481$825$437$223$111$26
50 years$1,435$788$411$206$101$23

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 $4,203 every year, while hoping to spend $20,800 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: 39/42/19 Blend
46$1,470,000$1,470,000$1,470,000$1,470,000
47$1,624,275$1,546,365$1,523,580$1,678,267
48$1,767,820$1,600,006$1,552,489$1,771,036
49$1,925,310$1,655,578$1,581,670$1,868,982
50$2,098,144$1,713,154$1,611,108$1,974,459
51$2,287,866$1,772,810$1,640,791$2,088,158
52$2,496,174$1,834,624$1,670,704$2,210,844
53$2,724,941$1,898,677$1,700,829$2,343,352
54$2,976,227$1,965,055$1,731,149$2,486,603
55$3,252,305$2,033,845$1,761,646$2,641,608
56$3,555,677$2,105,141$1,792,298$2,809,479
57$3,889,100$2,179,036$1,823,083$2,991,439
58$4,255,610$2,255,630$1,853,978$3,188,832
59$4,658,553$2,335,027$1,884,958$3,403,136
60$5,101,616$2,417,334$1,915,994$3,635,978
61$5,588,860$2,502,663$1,947,059$3,889,148
62$6,124,760$2,591,129$1,978,121$4,164,612
63$6,714,245$2,682,854$2,009,148$4,464,538
64$7,362,747$2,777,963$2,040,104$4,791,307
65$8,076,252$2,876,588$2,070,952$5,147,543
66$8,861,353$2,978,864$2,101,652$5,536,132
67$9,725,316$3,084,934$2,132,163$5,960,251
68$10,676,147$3,194,944$2,162,439$6,423,396
69$11,722,666$3,309,048$2,192,433$6,929,417
70$12,874,593$3,427,407$2,222,094$7,482,553
71$14,142,637$3,550,186$2,251,370$8,087,467
72$15,538,600$3,677,558$2,280,204$8,749,299
73$17,075,482$3,809,704$2,308,537$9,473,702
74$18,767,614$3,946,811$2,336,305$10,266,907
75$20,630,781$4,089,075$2,363,441$11,135,771
76$22,682,380$4,236,700$2,389,877$12,087,846
77$24,941,582$4,389,897$2,415,536$13,131,451
78$27,429,508$4,548,887$2,440,342$14,275,745
79$30,169,435$4,713,900$2,464,211$15,530,817
80$33,187,012$4,885,175$2,487,056$16,907,779
81$36,510,501$5,062,962$2,508,785$18,418,870
82$40,171,045$5,247,521$2,529,303$20,077,570
83$44,202,964$5,439,122$2,548,507$21,898,728
84$48,644,074$5,638,047$2,566,290$23,898,701
85$53,536,049$5,844,590$2,582,540$26,095,505
86$58,924,809$6,059,058$2,597,138$28,508,990
87$64,860,957$6,281,769$2,609,960$31,161,018
88$71,400,255$6,513,056$2,620,874$34,075,678
89$78,604,151$6,753,266$2,629,743$37,279,502
90$86,540,359$7,002,760$2,636,424$40,801,725
91$95,283,495$7,261,915$2,640,764$44,674,552
92$104,915,785$7,531,123$2,642,603$48,933,463
93$115,527,841$7,810,793$2,641,776$53,617,549
94$127,219,511$8,101,353$2,638,106$58,769,877
95$140,100,829$8,403,247$2,631,410$64,437,897
96$154,293,046$8,716,938$2,621,494$70,673,887
97$169,929,780$9,042,912$2,608,158$77,535,447
98$187,158,274$9,381,671$2,591,188$85,086,041
99$206,140,788$9,733,743$2,570,363$93,395,592
100$227,056,129$10,099,677$2,545,450$102,541,144