Can I retire at age 47 with 1,480,000?

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 $1,480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$122,217$121,128$120,066$119,030$118,017$113,830
2 years$60,503$59,377$58,285$57,226$56,199$52,025
3 years$39,935$38,803$37,714$36,665$35,655$31,625
4 years$29,653$28,525$27,446$26,415$25,429$21,575
5 years$23,485$22,364$21,299$20,289$19,331$15,662
6 years$19,375$18,262$17,213$16,226$15,296$11,815
7 years$16,440$15,336$14,304$13,340$12,440$9,146
8 years$14,239$13,146$12,131$11,191$10,320$7,211
9 years$12,529$11,446$10,448$9,532$8,691$5,763
10 years$11,162$10,089$9,109$8,217$7,405$4,652
11 years$10,044$8,982$8,020$7,151$6,369$3,786
12 years$9,112$8,061$7,117$6,272$5,519$3,100
13 years$8,325$7,285$6,359$5,537$4,813$2,551
14 years$7,651$6,622$5,713$4,916$4,219$2,108
15 years$7,067$6,049$5,158$4,384$3,714$1,747
16 years$6,557$5,550$4,677$3,925$3,283$1,452
17 years$6,107$5,111$4,256$3,527$2,911$1,209
18 years$5,708$4,723$3,885$3,178$2,588$1,009
19 years$5,351$4,377$3,556$2,872$2,307$843
20 years$5,030$4,068$3,264$2,601$2,061$705
21 years$4,740$3,789$3,002$2,361$1,844$590
22 years$4,477$3,537$2,767$2,146$1,653$495
23 years$4,237$3,308$2,555$1,955$1,484$415
24 years$4,017$3,099$2,363$1,783$1,334$348
25 years$3,816$2,909$2,188$1,628$1,200$292
26 years$3,630$2,734$2,030$1,489$1,081$246
27 years$3,458$2,573$1,885$1,363$975$206
28 years$3,299$2,424$1,752$1,248$879$173
29 years$3,151$2,287$1,630$1,145$794$146
30 years$3,013$2,160$1,519$1,051$717$123
31 years$2,884$2,042$1,416$965$649$103
32 years$2,763$1,932$1,321$887$587$87
33 years$2,650$1,829$1,233$816$531$73
34 years$2,544$1,734$1,152$750$481$61
35 years$2,445$1,645$1,077$691$435$52
36 years$2,351$1,561$1,008$636$395$43
37 years$2,262$1,483$943$586$358$37
38 years$2,178$1,409$883$540$324$31
39 years$2,099$1,340$828$498$294$26
40 years$2,023$1,275$776$459$267$22
41 years$1,952$1,213$727$424$242$18
42 years$1,884$1,156$682$391$220$15
43 years$1,820$1,101$640$361$199$13
44 years$1,758$1,050$601$333$181$11
45 years$1,700$1,001$564$308$164$9
46 years$1,644$955$530$284$149$8
47 years$1,591$911$498$263$135$7
48 years$1,540$870$468$243$123$5
49 years$1,492$831$440$224$112$5
50 years$1,445$793$414$207$101$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,480,000, adding $3,620 every year, while hoping to spend $55,363 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: 75/20/5 Blend
46$1,480,000$1,480,000$1,480,000$1,480,000
47$1,634,694$1,556,254$1,533,314$1,756,482
48$1,742,527$1,573,605$1,525,774$1,854,367
49$1,859,503$1,589,950$1,516,126$1,954,142
50$1,986,497$1,605,182$1,504,241$2,061,853
51$2,124,471$1,619,187$1,489,984$2,178,263
52$2,274,481$1,631,841$1,473,212$2,304,213
53$2,437,691$1,643,014$1,453,778$2,440,631
54$2,615,382$1,652,568$1,431,526$2,588,538
55$2,808,962$1,660,356$1,406,294$2,749,059
56$3,019,983$1,666,219$1,377,911$2,923,434
57$3,250,149$1,669,992$1,346,199$3,113,028
58$3,501,339$1,671,497$1,310,972$3,319,348
59$3,775,621$1,670,545$1,272,034$3,544,052
60$4,075,269$1,666,936$1,229,182$3,788,970
61$4,402,789$1,660,459$1,182,202$4,056,115
62$4,760,939$1,650,887$1,130,872$4,347,710
63$5,152,756$1,637,982$1,074,957$4,666,202
64$5,581,584$1,621,490$1,014,215$5,014,289
65$6,051,105$1,601,142$948,390$5,394,946
66$6,565,373$1,576,653$877,217$5,811,449
67$7,128,853$1,547,722$800,416$6,267,413
68$7,746,464$1,514,028$717,697$6,766,819
69$8,423,620$1,475,232$628,758$7,314,057
70$9,166,288$1,430,977$533,279$7,913,966
71$9,981,037$1,380,882$430,931$8,571,880
72$10,875,103$1,324,546$321,368$9,293,678
73$11,856,458$1,261,543$204,229$10,085,841
74$12,933,883$1,191,425$79,136$10,955,511
75$14,117,048$1,113,714$0$11,910,564
76$15,416,610$1,027,909$0$12,962,579
77$16,844,305$933,477$0$14,122,918
78$18,413,064$829,857$0$15,397,923
79$20,137,131$716,455$0$16,799,244
80$22,032,201$592,643$0$18,339,719
81$24,115,561$457,759$0$20,033,499
82$26,406,260$311,101$0$21,896,181
83$28,925,285$151,931$0$23,944,955
84$31,695,756$0$0$26,198,766
85$34,743,148$0$0$28,683,015
86$38,095,529$0$0$31,452,743
87$41,783,822$0$0$34,500,071
88$45,842,102$0$0$37,853,160
89$50,307,910$0$0$41,543,038
90$55,222,614$0$0$45,603,892
91$60,631,791$0$0$50,073,393
92$66,585,663$0$0$54,993,046
93$73,139,566$0$0$60,408,588
94$80,354,477$0$0$66,370,411
95$88,297,580$0$0$72,934,045
96$97,042,909$0$0$80,160,676
97$106,672,039$0$0$88,117,726
98$117,274,859$0$0$96,879,485
99$128,950,418$0$0$106,527,817
100$141,807,860$0$0$117,152,927