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

Use the below retirement simulation to view the chances of a successful retirement.
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%16.7%
1 years$123,043$121,947$120,878$119,834$118,815$115,567
2 years$60,912$59,778$58,678$57,612$56,578$53,331
3 years$40,205$39,065$37,969$36,913$35,896$32,749
4 years$29,853$28,717$27,632$26,594$25,601$22,580
5 years$23,644$22,515$21,443$20,426$19,462$16,574
6 years$19,505$18,385$17,329$16,335$15,399$12,648
7 years$16,551$15,440$14,401$13,430$12,524$9,909
8 years$14,336$13,235$12,213$11,266$10,390$7,910
9 years$12,614$11,523$10,519$9,596$8,750$6,402
10 years$11,237$10,157$9,171$8,272$7,455$5,237
11 years$10,111$9,042$8,074$7,199$6,412$4,320
12 years$9,174$8,116$7,165$6,315$5,556$3,587
13 years$8,381$7,334$6,402$5,575$4,845$2,994
14 years$7,703$6,667$5,752$4,949$4,247$2,510
15 years$7,115$6,090$5,193$4,413$3,740$2,111
16 years$6,601$5,588$4,708$3,952$3,305$1,781
17 years$6,148$5,146$4,284$3,551$2,930$1,507
18 years$5,746$4,755$3,911$3,200$2,606$1,277
19 years$5,387$4,407$3,580$2,891$2,322$1,084
20 years$5,064$4,095$3,286$2,619$2,074$921
21 years$4,772$3,815$3,022$2,377$1,856$784
22 years$4,507$3,561$2,786$2,161$1,664$668
23 years$4,266$3,330$2,572$1,968$1,494$570
24 years$4,045$3,120$2,379$1,795$1,343$486
25 years$3,841$2,928$2,203$1,639$1,208$415
26 years$3,654$2,752$2,043$1,499$1,088$354
27 years$3,481$2,590$1,897$1,372$981$303
28 years$3,321$2,441$1,764$1,257$885$259
29 years$3,172$2,302$1,641$1,153$799$222
30 years$3,033$2,174$1,529$1,058$722$190
31 years$2,903$2,055$1,425$972$653$162
32 years$2,782$1,945$1,330$893$591$139
33 years$2,668$1,842$1,242$821$535$119
34 years$2,562$1,746$1,160$755$484$102
35 years$2,461$1,656$1,085$695$438$87
36 years$2,366$1,572$1,015$640$397$75
37 years$2,277$1,493$950$590$360$64
38 years$2,193$1,418$889$544$326$55
39 years$2,113$1,349$833$502$296$47
40 years$2,037$1,283$781$463$268$40
41 years$1,965$1,222$732$427$244$34
42 years$1,897$1,163$687$394$221$29
43 years$1,832$1,108$645$364$201$25
44 years$1,770$1,057$605$336$182$22
45 years$1,711$1,008$568$310$165$19
46 years$1,655$961$534$286$150$16
47 years$1,602$917$501$265$136$14
48 years$1,551$876$471$244$124$12
49 years$1,502$836$443$226$112$10
50 years$1,455$799$416$209$102$9

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 $6,022 every year, while hoping to spend $42,783 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: 23/47/30 Blend
46$1,490,000$1,490,000$1,490,000$1,490,000
47$1,648,192$1,569,222$1,546,127$1,670,449
48$1,770,786$1,600,593$1,552,401$1,721,860
49$1,904,452$1,632,067$1,557,452$1,772,903
50$2,050,272$1,663,605$1,561,193$1,826,655
51$2,209,441$1,695,162$1,563,533$1,883,369
52$2,383,271$1,726,692$1,564,379$1,943,324
53$2,573,208$1,758,143$1,563,629$2,006,831
54$2,780,844$1,789,461$1,561,179$2,074,235
55$3,007,932$1,820,587$1,556,921$2,145,916
56$3,256,401$1,851,456$1,550,738$2,222,296
57$3,528,377$1,882,000$1,542,511$2,303,843
58$3,826,199$1,912,145$1,532,112$2,391,074
59$4,152,443$1,941,812$1,519,409$2,484,563
60$4,509,947$1,970,916$1,504,265$2,584,943
61$4,901,836$1,999,365$1,486,532$2,692,917
62$5,331,552$2,027,063$1,466,059$2,809,263
63$5,802,885$2,053,904$1,442,687$2,934,839
64$6,320,011$2,079,777$1,416,249$3,070,598
65$6,887,529$2,104,562$1,386,570$3,217,592
66$7,510,504$2,128,133$1,353,467$3,376,986
67$8,194,516$2,150,353$1,316,749$3,550,068
68$8,945,713$2,171,076$1,276,217$3,738,263
69$9,770,866$2,190,149$1,231,660$3,943,146
70$10,677,434$2,207,406$1,182,861$4,166,458
71$11,673,635$2,222,672$1,129,589$4,410,125
72$12,768,523$2,235,760$1,071,607$4,676,276
73$13,972,071$2,246,470$1,008,664$4,967,263
74$15,295,266$2,254,592$940,499$5,285,686
75$16,750,217$2,259,900$866,839$5,634,418
76$18,350,259$2,262,155$787,399$6,016,634
77$20,110,089$2,261,104$701,880$6,435,840
78$22,045,897$2,256,477$609,971$6,895,911
79$24,175,521$2,247,987$511,348$7,401,127
80$26,518,616$2,235,331$405,671$7,956,215
81$29,096,839$2,218,186$292,585$8,566,395
82$31,934,050$2,196,211$171,720$9,237,432
83$35,056,541$2,169,043$42,690$9,975,691
84$38,493,281$2,136,298$0$10,788,200
85$42,276,188$2,097,569$0$11,713,132
86$46,440,434$2,052,425$0$12,745,199
87$51,024,774$2,000,410$0$13,880,320
88$56,071,911$1,941,039$0$15,129,077
89$61,628,897$1,873,802$0$16,503,144
90$67,747,582$1,798,156$0$18,015,393
91$74,485,098$1,713,528$0$19,680,023
92$81,904,399$1,619,312$0$21,512,688
93$90,074,857$1,514,867$0$23,530,655
94$99,072,911$1,399,514$0$25,752,962
95$108,982,795$1,272,538$0$28,200,604
96$119,897,328$1,133,180$0$30,896,732
97$131,918,789$980,639$0$33,866,874
98$145,159,885$814,070$0$37,139,177
99$159,744,812$632,578$0$40,744,678
100$175,810,428$435,220$0$44,717,598