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%17.8%
1 years$123,043$121,947$120,878$119,834$118,815$115,057
2 years$60,912$59,778$58,678$57,612$56,578$52,827
3 years$40,205$39,065$37,969$36,913$35,896$32,268
4 years$29,853$28,717$27,632$26,594$25,601$22,125
5 years$23,644$22,515$21,443$20,426$19,462$16,146
6 years$19,505$18,385$17,329$16,335$15,399$12,247
7 years$16,551$15,440$14,401$13,430$12,524$9,535
8 years$14,336$13,235$12,213$11,266$10,390$7,562
9 years$12,614$11,523$10,519$9,596$8,750$6,080
10 years$11,237$10,157$9,171$8,272$7,455$4,940
11 years$10,111$9,042$8,074$7,199$6,412$4,046
12 years$9,174$8,116$7,165$6,315$5,556$3,335
13 years$8,381$7,334$6,402$5,575$4,845$2,763
14 years$7,703$6,667$5,752$4,949$4,247$2,299
15 years$7,115$6,090$5,193$4,413$3,740$1,919
16 years$6,601$5,588$4,708$3,952$3,305$1,606
17 years$6,148$5,146$4,284$3,551$2,930$1,348
18 years$5,746$4,755$3,911$3,200$2,606$1,133
19 years$5,387$4,407$3,580$2,891$2,322$954
20 years$5,064$4,095$3,286$2,619$2,074$804
21 years$4,772$3,815$3,022$2,377$1,856$678
22 years$4,507$3,561$2,786$2,161$1,664$573
23 years$4,266$3,330$2,572$1,968$1,494$484
24 years$4,045$3,120$2,379$1,795$1,343$410
25 years$3,841$2,928$2,203$1,639$1,208$347
26 years$3,654$2,752$2,043$1,499$1,088$294
27 years$3,481$2,590$1,897$1,372$981$249
28 years$3,321$2,441$1,764$1,257$885$211
29 years$3,172$2,302$1,641$1,153$799$179
30 years$3,033$2,174$1,529$1,058$722$151
31 years$2,903$2,055$1,425$972$653$128
32 years$2,782$1,945$1,330$893$591$109
33 years$2,668$1,842$1,242$821$535$92
34 years$2,562$1,746$1,160$755$484$78
35 years$2,461$1,656$1,085$695$438$66
36 years$2,366$1,572$1,015$640$397$56
37 years$2,277$1,493$950$590$360$48
38 years$2,193$1,418$889$544$326$41
39 years$2,113$1,349$833$502$296$34
40 years$2,037$1,283$781$463$268$29
41 years$1,965$1,222$732$427$244$25
42 years$1,897$1,163$687$394$221$21
43 years$1,832$1,108$645$364$201$18
44 years$1,770$1,057$605$336$182$15
45 years$1,711$1,008$568$310$165$13
46 years$1,655$961$534$286$150$11
47 years$1,602$917$501$265$136$9
48 years$1,551$876$471$244$124$8
49 years$1,502$836$443$226$112$7
50 years$1,455$799$416$209$102$6

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 $2,320 every year, while hoping to spend $33,097 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: 46/48/6 Blend
46$1,490,000$1,490,000$1,490,000$1,490,000
47$1,644,373$1,565,403$1,542,308$1,717,243
48$1,776,884$1,606,893$1,558,760$1,809,051
49$1,921,802$1,649,306$1,574,655$1,904,935
50$2,080,358$1,692,654$1,589,937$2,008,167
51$2,253,905$1,736,945$1,604,551$2,119,435
52$2,443,938$1,782,190$1,618,438$2,239,497
53$2,652,097$1,828,395$1,631,534$2,369,185
54$2,880,194$1,875,569$1,643,773$2,509,418
55$3,130,220$1,923,719$1,655,086$2,661,204
56$3,404,371$1,972,849$1,665,399$2,825,654
57$3,705,064$2,022,965$1,674,637$3,003,991
58$4,034,961$2,074,071$1,682,718$3,197,563
59$4,396,994$2,126,168$1,689,556$3,407,851
60$4,794,395$2,179,258$1,695,064$3,636,487
61$5,230,721$2,233,339$1,699,147$3,885,271
62$5,709,893$2,288,411$1,701,706$4,156,181
63$6,236,227$2,344,469$1,702,638$4,451,398
64$6,814,482$2,401,507$1,701,836$4,773,325
65$7,449,896$2,459,518$1,699,185$5,124,607
66$8,148,243$2,518,492$1,694,565$5,508,157
67$8,915,883$2,578,417$1,687,852$5,927,187
68$9,759,823$2,639,279$1,678,915$6,385,233
69$10,687,781$2,701,061$1,667,615$6,886,191
70$11,708,264$2,763,742$1,653,810$7,434,353
71$12,830,642$2,827,300$1,637,347$8,034,450
72$14,065,238$2,891,709$1,618,069$8,691,691
73$15,423,429$2,956,938$1,595,810$9,411,818
74$16,917,746$3,022,955$1,570,397$10,201,157
75$18,561,998$3,089,723$1,541,648$11,066,677
76$20,371,402$3,157,199$1,509,373$12,016,060
77$22,362,722$3,225,339$1,473,374$13,057,769
78$24,554,429$3,294,090$1,433,442$14,201,128
79$26,966,878$3,363,397$1,389,359$15,456,415
80$29,622,495$3,433,200$1,340,898$16,834,952
81$32,545,993$3,503,430$1,287,822$18,349,219
82$35,764,601$3,574,014$1,229,880$20,012,967
83$39,308,322$3,644,873$1,166,813$21,841,349
84$43,210,219$3,715,919$1,098,349$23,851,065
85$47,506,721$3,787,059$1,024,204$26,060,516
86$52,237,972$3,858,191$944,080$28,489,982
87$57,448,205$3,929,202$857,667$31,161,812
88$63,186,165$3,999,976$764,641$34,100,635
89$69,505,560$4,070,381$664,664$37,333,592
90$76,465,578$4,140,281$557,381$40,890,594
91$84,131,437$4,209,525$442,423$44,804,604
92$92,575,005$4,277,952$319,405$49,111,948
93$101,875,474$4,345,390$187,923$53,852,660
94$112,120,112$4,411,654$47,559$59,070,858
95$123,405,084$4,476,546$0$64,815,162
96$135,836,357$4,539,851$0$71,145,701
97$149,530,705$4,601,343$0$78,118,654
98$164,616,806$4,660,778$0$85,796,080
99$181,236,459$4,717,896$0$94,249,729
100$199,545,923$4,772,417$0$103,558,671