Can I retire at age 47 with 1,560,000?

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 $1,560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$128,823$127,676$126,556$125,464$124,397$119,888
2 years$63,774$62,586$61,435$60,319$59,236$54,743
3 years$42,094$40,901$39,753$38,647$37,582$33,246
4 years$31,256$30,066$28,930$27,843$26,804$22,658
5 years$24,754$23,572$22,451$21,386$20,376$16,431
6 years$20,422$19,249$18,143$17,103$16,123$12,381
7 years$17,328$16,165$15,077$14,061$13,112$9,574
8 years$15,009$13,856$12,787$11,795$10,878$7,539
9 years$13,206$12,064$11,013$10,047$9,161$6,017
10 years$11,765$10,634$9,602$8,661$7,805$4,852
11 years$10,586$9,467$8,453$7,537$6,713$3,943
12 years$9,605$8,497$7,502$6,611$5,817$3,224
13 years$8,775$7,679$6,702$5,837$5,073$2,650
14 years$8,065$6,980$6,022$5,181$4,447$2,186
15 years$7,449$6,376$5,437$4,621$3,915$1,809
16 years$6,911$5,850$4,930$4,137$3,460$1,501
17 years$6,437$5,388$4,486$3,717$3,068$1,249
18 years$6,016$4,979$4,095$3,350$2,728$1,040
19 years$5,640$4,614$3,749$3,027$2,432$868
20 years$5,302$4,288$3,440$2,742$2,172$725
21 years$4,996$3,994$3,164$2,488$1,944$606
22 years$4,719$3,728$2,917$2,262$1,742$507
23 years$4,466$3,487$2,693$2,060$1,564$425
24 years$4,235$3,267$2,491$1,879$1,406$356
25 years$4,022$3,066$2,307$1,716$1,265$298
26 years$3,826$2,881$2,139$1,569$1,139$250
27 years$3,645$2,712$1,987$1,436$1,027$210
28 years$3,477$2,555$1,847$1,316$927$176
29 years$3,321$2,411$1,719$1,207$837$148
30 years$3,175$2,276$1,601$1,108$756$124
31 years$3,040$2,152$1,492$1,017$684$104
32 years$2,913$2,036$1,392$935$618$87
33 years$2,794$1,928$1,300$860$560$73
34 years$2,682$1,828$1,215$791$507$62
35 years$2,577$1,733$1,136$728$459$52
36 years$2,478$1,645$1,062$671$416$44
37 years$2,384$1,563$994$618$377$37
38 years$2,296$1,485$931$569$342$31
39 years$2,212$1,412$872$525$310$26
40 years$2,133$1,344$818$484$281$22
41 years$2,058$1,279$767$447$255$18
42 years$1,986$1,218$719$412$231$15
43 years$1,918$1,161$675$381$210$13
44 years$1,854$1,106$634$351$191$11
45 years$1,792$1,055$595$325$173$9
46 years$1,733$1,006$559$300$157$8
47 years$1,677$960$525$277$143$6
48 years$1,623$917$493$256$130$5
49 years$1,572$875$464$237$118$5
50 years$1,523$836$436$219$107$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,560,000, adding $4,946 every year, while hoping to spend $39,452 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: 37/44/19 Blend
46$1,560,000$1,560,000$1,560,000$1,560,000
47$1,724,222$1,641,542$1,617,362$1,777,962
48$1,858,116$1,680,001$1,629,567$1,855,796
49$2,004,345$1,719,022$1,640,858$1,935,734
50$2,164,125$1,758,591$1,651,164$2,021,259
51$2,338,796$1,798,692$1,660,409$2,112,897
52$2,529,833$1,839,307$1,668,511$2,211,222
53$2,738,858$1,880,416$1,675,389$2,316,873
54$2,967,659$1,921,994$1,680,953$2,430,549
55$3,218,206$1,964,017$1,685,110$2,553,025
56$3,492,666$2,006,457$1,687,764$2,685,150
57$3,793,425$2,049,281$1,688,812$2,827,865
58$4,123,115$2,092,456$1,688,147$2,982,204
59$4,484,629$2,135,943$1,685,657$3,149,310
60$4,881,159$2,179,702$1,681,223$3,330,439
61$5,316,216$2,223,686$1,674,723$3,526,980
62$5,793,669$2,267,846$1,666,026$3,740,462
63$6,317,782$2,312,129$1,654,996$3,972,571
64$6,893,249$2,356,476$1,641,492$4,225,167
65$7,525,241$2,400,825$1,625,363$4,500,301
66$8,219,457$2,445,106$1,606,453$4,800,233
67$8,982,172$2,489,247$1,584,600$5,127,456
68$9,820,300$2,533,166$1,559,630$5,484,719
69$10,741,458$2,576,779$1,531,366$5,875,054
70$11,754,039$2,619,993$1,499,618$6,301,802
71$12,867,286$2,662,708$1,464,191$6,768,648
72$14,091,387$2,704,818$1,424,879$7,279,657
73$15,437,562$2,746,208$1,381,466$7,839,308
74$16,918,176$2,786,755$1,333,728$8,452,543
75$18,546,851$2,826,328$1,281,429$9,124,809
76$20,338,597$2,864,784$1,224,324$9,862,112
77$22,309,949$2,901,974$1,162,154$10,671,075
78$24,479,129$2,937,735$1,094,651$11,559,001
79$26,866,212$2,971,897$1,021,534$12,533,941
80$29,493,320$3,004,274$942,509$13,604,771
81$32,384,825$3,034,670$857,270$14,781,279
82$35,567,584$3,062,876$765,496$16,074,256
83$39,071,189$3,088,668$666,851$17,495,600
84$42,928,247$3,111,810$560,988$19,058,427
85$47,174,687$3,132,046$447,539$20,777,199
86$51,850,097$3,149,109$326,124$22,667,858
87$56,998,103$3,162,711$196,344$24,747,982
88$62,666,773$3,172,547$57,785$27,036,948
89$68,909,075$3,178,294$0$29,556,120
90$75,783,377$3,179,606$0$32,347,310
91$83,353,992$3,176,118$0$35,431,907
92$91,691,794$3,167,442$0$38,826,902
93$100,874,875$3,153,165$0$42,563,945
94$110,989,291$3,132,849$0$46,677,923
95$122,129,872$3,106,032$0$51,207,285
96$134,401,111$3,072,220$0$56,194,412
97$147,918,158$3,030,892$0$61,686,011
98$162,807,899$2,981,495$0$67,733,565
99$179,210,160$2,923,443$0$74,393,813
100$197,279,021$2,856,117$0$81,729,295