Can I retire at age 47 with 1,490,000?

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 $1,490,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$123,043$121,947$120,878$119,834$118,815$116,226
2 years$60,912$59,778$58,678$57,612$56,578$53,983
3 years$40,205$39,065$37,969$36,913$35,896$33,375
4 years$29,853$28,717$27,632$26,594$25,601$23,175
5 years$23,644$22,515$21,443$20,426$19,462$17,136
6 years$19,505$18,385$17,329$16,335$15,399$13,177
7 years$16,551$15,440$14,401$13,430$12,524$10,405
8 years$14,336$13,235$12,213$11,266$10,390$8,374
9 years$12,614$11,523$10,519$9,596$8,750$6,836
10 years$11,237$10,157$9,171$8,272$7,455$5,641
11 years$10,111$9,042$8,074$7,199$6,412$4,695
12 years$9,174$8,116$7,165$6,315$5,556$3,934
13 years$8,381$7,334$6,402$5,575$4,845$3,315
14 years$7,703$6,667$5,752$4,949$4,247$2,805
15 years$7,115$6,090$5,193$4,413$3,740$2,383
16 years$6,601$5,588$4,708$3,952$3,305$2,031
17 years$6,148$5,146$4,284$3,551$2,930$1,735
18 years$5,746$4,755$3,911$3,200$2,606$1,486
19 years$5,387$4,407$3,580$2,891$2,322$1,274
20 years$5,064$4,095$3,286$2,619$2,074$1,095
21 years$4,772$3,815$3,022$2,377$1,856$942
22 years$4,507$3,561$2,786$2,161$1,664$811
23 years$4,266$3,330$2,572$1,968$1,494$699
24 years$4,045$3,120$2,379$1,795$1,343$603
25 years$3,841$2,928$2,203$1,639$1,208$521
26 years$3,654$2,752$2,043$1,499$1,088$450
27 years$3,481$2,590$1,897$1,372$981$389
28 years$3,321$2,441$1,764$1,257$885$336
29 years$3,172$2,302$1,641$1,153$799$291
30 years$3,033$2,174$1,529$1,058$722$252
31 years$2,903$2,055$1,425$972$653$218
32 years$2,782$1,945$1,330$893$591$189
33 years$2,668$1,842$1,242$821$535$164
34 years$2,562$1,746$1,160$755$484$142
35 years$2,461$1,656$1,085$695$438$123
36 years$2,366$1,572$1,015$640$397$106
37 years$2,277$1,493$950$590$360$92
38 years$2,193$1,418$889$544$326$80
39 years$2,113$1,349$833$502$296$69
40 years$2,037$1,283$781$463$268$60
41 years$1,965$1,222$732$427$244$52
42 years$1,897$1,163$687$394$221$45
43 years$1,832$1,108$645$364$201$39
44 years$1,770$1,057$605$336$182$34
45 years$1,711$1,008$568$310$165$29
46 years$1,655$961$534$286$150$25
47 years$1,602$917$501$265$136$22
48 years$1,551$876$471$244$124$19
49 years$1,502$836$443$226$112$17
50 years$1,455$799$416$209$102$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,490,000, adding $6,734 every year, while hoping to spend $30,403 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: 75/9/16 Blend
46$1,490,000$1,490,000$1,490,000$1,490,000
47$1,648,926$1,569,956$1,546,861$1,766,247
48$1,784,768$1,614,535$1,566,332$1,889,339
49$1,933,447$1,660,280$1,585,437$2,019,787
50$2,096,240$1,707,215$1,604,131$2,161,949
51$2,274,553$1,755,366$1,622,366$2,316,980
52$2,469,937$1,804,758$1,640,094$2,486,155
53$2,684,096$1,855,416$1,657,263$2,670,879
54$2,918,909$1,907,367$1,673,816$2,872,696
55$3,176,445$1,960,636$1,689,697$3,093,312
56$3,458,985$2,015,249$1,704,844$3,334,600
57$3,769,037$2,071,232$1,719,192$3,598,629
58$4,109,368$2,128,612$1,732,674$3,887,675
59$4,483,023$2,187,413$1,745,218$4,204,247
60$4,893,358$2,247,663$1,756,749$4,551,107
61$5,344,068$2,309,386$1,767,188$4,931,300
62$5,839,226$2,372,609$1,776,452$5,348,180
63$6,383,317$2,437,356$1,784,453$5,805,443
64$6,981,282$2,503,654$1,791,099$6,307,159
65$7,638,566$2,571,526$1,796,295$6,857,816
66$8,361,167$2,640,998$1,799,937$7,462,356
67$9,155,693$2,712,094$1,801,922$8,126,225
68$10,029,423$2,784,836$1,802,136$8,855,425
69$10,990,379$2,859,247$1,800,462$9,656,566
70$12,047,397$2,935,351$1,796,778$10,536,937
71$13,210,216$3,013,167$1,790,954$11,504,564
72$14,489,563$3,092,717$1,782,856$12,568,295
73$15,897,258$3,174,020$1,772,341$13,737,877
74$17,446,326$3,257,094$1,759,262$15,024,053
75$19,151,116$3,341,957$1,743,462$16,438,658
76$21,027,441$3,428,624$1,724,779$17,994,736
77$23,092,722$3,517,109$1,703,041$19,706,660
78$25,366,158$3,607,425$1,678,071$21,590,268
79$27,868,900$3,699,582$1,649,680$23,663,013
80$30,624,257$3,793,591$1,617,674$25,944,128
81$33,657,911$3,889,457$1,581,846$28,454,807
82$36,998,162$3,987,184$1,541,982$31,218,404
83$40,676,194$4,086,776$1,497,857$34,260,655
84$44,726,367$4,188,230$1,449,238$37,609,923
85$49,186,547$4,291,543$1,395,877$41,297,460
86$54,098,455$4,396,709$1,337,519$45,357,707
87$59,508,066$4,503,716$1,273,895$49,828,618
88$65,466,041$4,612,551$1,204,723$54,752,016
89$72,028,208$4,723,196$1,129,711$60,173,993
90$79,256,080$4,835,629$1,048,552$66,145,337
91$87,217,448$4,949,821$960,926$72,722,022
92$95,987,008$5,065,743$866,497$79,965,726
93$105,647,074$5,183,356$764,917$87,944,422
94$116,288,354$5,302,618$655,819$96,733,013
95$128,010,799$5,423,481$538,823$106,414,045
96$140,924,558$5,545,888$413,530$117,078,482
97$155,151,004$5,669,777$279,524$128,826,566
98$170,823,890$5,795,080$136,372$141,768,766
99$188,090,606$5,921,718$0$156,026,818
100$207,113,571$6,049,606$0$171,737,675