Can I retire at age 47 with 1,100,000?

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 $1,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$90,837$90,028$89,238$88,468$87,716$86,763
2 years$44,969$44,131$43,320$42,533$41,769$40,811
3 years$29,681$28,840$28,031$27,251$26,500$25,565
4 years$22,039$21,201$20,399$19,633$18,900$17,995
5 years$17,455$16,622$15,831$15,080$14,368$13,496
6 years$14,400$13,573$12,793$12,060$11,369$10,531
7 years$12,219$11,398$10,631$9,915$9,246$8,442
8 years$10,583$9,771$9,016$8,317$7,670$6,901
9 years$9,312$8,507$7,766$7,084$6,459$5,725
10 years$8,296$7,499$6,770$6,107$5,504$4,803
11 years$7,465$6,675$5,960$5,315$4,733$4,065
12 years$6,773$5,992$5,290$4,662$4,102$3,466
13 years$6,188$5,415$4,726$4,116$3,577$2,973
14 years$5,687$4,922$4,246$3,653$3,135$2,562
15 years$5,253$4,496$3,834$3,258$2,761$2,217
16 years$4,873$4,125$3,476$2,917$2,440$1,926
17 years$4,539$3,799$3,163$2,621$2,163$1,677
18 years$4,242$3,510$2,887$2,362$1,924$1,464
19 years$3,977$3,253$2,643$2,135$1,715$1,281
20 years$3,739$3,023$2,426$1,933$1,531$1,123
21 years$3,523$2,816$2,231$1,755$1,371$986
22 years$3,327$2,629$2,057$1,595$1,228$867
23 years$3,149$2,459$1,899$1,453$1,103$763
24 years$2,986$2,304$1,756$1,325$991$673
25 years$2,836$2,162$1,627$1,210$892$593
26 years$2,698$2,032$1,509$1,106$803$524
27 years$2,570$1,912$1,401$1,013$724$463
28 years$2,452$1,802$1,302$928$654$409
29 years$2,342$1,700$1,212$851$590$362
30 years$2,239$1,605$1,129$781$533$320
31 years$2,143$1,517$1,052$717$482$283
32 years$2,054$1,436$982$659$436$251
33 years$1,970$1,360$917$606$395$222
34 years$1,891$1,289$857$558$357$197
35 years$1,817$1,222$801$513$324$174
36 years$1,747$1,160$749$473$293$155
37 years$1,681$1,102$701$436$266$137
38 years$1,619$1,047$657$402$241$122
39 years$1,560$996$615$370$218$108
40 years$1,504$947$577$342$198$96
41 years$1,451$902$541$315$180$85
42 years$1,400$859$507$291$163$75
43 years$1,353$818$476$268$148$67
44 years$1,307$780$447$248$134$59
45 years$1,264$744$419$229$122$53
46 years$1,222$710$394$211$111$47
47 years$1,183$677$370$195$101$42
48 years$1,145$646$348$180$91$37
49 years$1,109$617$327$167$83$33
50 years$1,074$590$307$154$75$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,100,000, adding $2,798 every year, while hoping to spend $50,111 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: 65/23/12 Blend
46$1,100,000$1,100,000$1,100,000$1,100,000
47$1,215,086$1,156,786$1,139,736$1,290,579
48$1,285,707$1,160,151$1,124,600$1,344,685
49$1,361,852$1,162,001$1,107,276$1,397,662
50$1,444,031$1,162,210$1,087,641$1,454,284
51$1,532,806$1,160,641$1,065,560$1,514,902
52$1,628,792$1,157,153$1,040,896$1,579,907
53$1,732,668$1,151,592$1,013,505$1,649,729
54$1,845,178$1,143,798$983,235$1,724,845
55$1,967,140$1,133,598$949,928$1,805,781
56$2,099,456$1,120,812$913,418$1,893,116
57$2,243,116$1,105,247$873,533$1,987,494
58$2,399,209$1,086,700$830,092$2,089,621
59$2,568,933$1,064,953$782,905$2,200,283
60$2,753,607$1,039,778$731,774$2,320,342
61$2,954,681$1,010,933$676,495$2,450,755
62$3,173,750$978,161$616,849$2,592,575
63$3,412,572$941,190$552,613$2,746,969
64$3,673,080$899,734$483,551$2,915,221
65$3,957,401$853,487$409,417$3,098,753
66$4,267,877$802,129$329,953$3,299,133
67$4,607,086$745,319$244,893$3,518,092
68$4,977,867$682,698$153,955$3,757,543
69$5,383,345$613,886$56,848$4,019,596
70$5,826,960$538,480$0$4,306,581
71$6,312,501$456,057$0$4,627,061
72$6,844,140$366,168$0$4,986,041
73$7,426,471$268,338$0$5,379,411
74$8,064,552$162,068$0$5,810,674
75$8,763,957$46,830$0$6,283,694
76$9,530,820$0$0$6,802,731
77$10,371,901$0$0$7,392,210
78$11,294,643$0$0$8,051,999
79$12,307,247$0$0$8,776,119
80$13,418,744$0$0$9,571,038
81$14,639,082$0$0$10,443,881
82$15,979,222$0$0$11,402,497
83$17,451,234$0$0$12,455,532
84$19,068,419$0$0$13,612,510
85$20,845,427$0$0$14,883,926
86$22,798,399$0$0$16,281,339
87$24,945,116$0$0$17,817,484
88$27,305,169$0$0$19,506,393
89$29,900,140$0$0$21,363,523
90$32,753,809$0$0$23,405,907
91$35,892,373$0$0$25,652,307
92$39,344,697$0$0$28,123,399
93$43,142,584$0$0$30,841,961
94$47,321,075$0$0$33,833,090
95$51,918,778$0$0$37,124,440
96$56,978,230$0$0$40,746,479
97$62,546,305$0$0$44,732,779
98$68,674,647$0$0$49,120,333
99$75,420,161$0$0$53,949,898
100$82,845,550$0$0$59,266,387