Can I retire at age 47 with 1,130,000?

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 $1,130,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$93,314$92,483$91,672$90,881$90,108$87,015
2 years$46,195$45,335$44,501$43,693$42,908$39,824
3 years$30,491$29,627$28,795$27,994$27,223$24,243
4 years$22,640$21,779$20,955$20,168$19,416$16,564
5 years$17,931$17,075$16,262$15,491$14,759$12,043
6 years$14,793$13,943$13,142$12,388$11,679$9,100
7 years$12,552$11,709$10,921$10,185$9,498$7,057
8 years$10,872$10,037$9,262$8,544$7,879$5,574
9 years$9,566$8,739$7,978$7,278$6,636$4,462
10 years$8,522$7,703$6,955$6,273$5,654$3,609
11 years$7,668$6,858$6,123$5,460$4,862$2,943
12 years$6,957$6,155$5,434$4,789$4,214$2,415
13 years$6,356$5,562$4,855$4,228$3,674$1,991
14 years$5,842$5,056$4,362$3,753$3,221$1,648
15 years$5,396$4,619$3,938$3,347$2,836$1,369
16 years$5,006$4,238$3,571$2,997$2,506$1,140
17 years$4,663$3,903$3,249$2,693$2,222$952
18 years$4,358$3,606$2,966$2,427$1,976$796
19 years$4,085$3,342$2,715$2,193$1,761$666
20 years$3,841$3,106$2,492$1,986$1,573$559
21 years$3,619$2,893$2,292$1,802$1,408$469
22 years$3,418$2,700$2,113$1,639$1,262$394
23 years$3,235$2,526$1,951$1,492$1,133$331
24 years$3,067$2,366$1,804$1,361$1,018$279
25 years$2,913$2,221$1,671$1,243$916$234
26 years$2,771$2,087$1,550$1,137$825$197
27 years$2,640$1,964$1,439$1,040$744$166
28 years$2,519$1,851$1,338$953$671$140
29 years$2,405$1,746$1,245$874$606$118
30 years$2,300$1,649$1,160$802$548$100
31 years$2,202$1,559$1,081$737$495$84
32 years$2,110$1,475$1,009$677$448$71
33 years$2,024$1,397$942$623$405$60
34 years$1,943$1,324$880$573$367$50
35 years$1,866$1,256$823$527$332$42
36 years$1,795$1,192$770$486$301$36
37 years$1,727$1,132$720$448$273$30
38 years$1,663$1,076$675$413$248$25
39 years$1,602$1,023$632$380$224$21
40 years$1,545$973$592$351$204$18
41 years$1,490$926$555$324$185$15
42 years$1,439$882$521$299$168$13
43 years$1,389$841$489$276$152$11
44 years$1,343$801$459$255$138$9
45 years$1,298$764$431$235$125$8
46 years$1,255$729$405$217$114$7
47 years$1,215$696$380$201$103$6
48 years$1,176$664$357$185$94$5
49 years$1,139$634$336$171$85$4
50 years$1,103$606$316$158$77$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,130,000, adding $2,707 every year, while hoping to spend $58,858 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: 60/18/22 Blend
46$1,130,000$1,130,000$1,130,000$1,130,000
47$1,248,052$1,188,162$1,170,647$1,315,515
48$1,312,729$1,183,758$1,147,239$1,357,188
49$1,382,030$1,177,165$1,121,075$1,395,969
50$1,456,366$1,168,214$1,091,999$1,436,976
51$1,536,184$1,156,726$1,059,850$1,480,435
52$1,621,979$1,142,509$1,024,459$1,526,599
53$1,714,292$1,125,363$985,650$1,575,747
54$1,813,717$1,105,073$943,236$1,628,191
55$1,920,907$1,081,413$897,026$1,684,275
56$2,036,580$1,054,143$846,816$1,744,382
57$2,161,523$1,023,008$792,397$1,808,938
58$2,296,603$987,739$733,546$1,878,414
59$2,442,770$948,053$670,034$1,953,334
60$2,601,073$903,647$601,620$2,034,278
61$2,772,659$854,203$528,052$2,121,889
62$2,958,796$799,384$449,067$2,216,882
63$3,160,873$738,834$364,391$2,320,045
64$3,380,421$672,176$273,736$2,432,254
65$3,619,123$599,011$176,805$2,554,480
66$3,878,829$518,919$73,285$2,687,797
67$4,161,579$431,455$0$2,833,393
68$4,469,613$336,149$0$3,001,315
69$4,805,398$232,505$0$3,203,216
70$5,171,650$119,999$0$3,423,571
71$5,571,357$0$0$3,664,251
72$6,007,808$0$0$3,927,700
73$6,484,625$0$0$4,241,564
74$7,005,793$0$0$4,584,709
75$7,575,702$0$0$4,960,036
76$8,199,185$0$0$5,370,739
77$8,881,562$0$0$5,820,334
78$9,628,692$0$0$6,312,693
79$10,447,027$0$0$6,852,082
80$11,343,674$0$0$7,443,197
81$12,326,456$0$0$8,091,209
82$13,403,992$0$0$8,801,816
83$14,585,775$0$0$9,581,293
84$15,882,259$0$0$10,436,549
85$17,304,959$0$0$11,375,197
86$18,866,560$0$0$12,405,622
87$20,581,034$0$0$13,537,060
88$22,463,772$0$0$14,779,686
89$24,531,728$0$0$16,144,708
90$26,803,581$0$0$17,644,474
91$29,299,905$0$0$19,292,585
92$32,043,369$0$0$21,104,027
93$35,058,945$0$0$23,095,309
94$38,374,144$0$0$25,284,621
95$42,019,279$0$0$27,692,000
96$46,027,743$0$0$30,339,526
97$50,436,329$0$0$33,251,521
98$55,285,573$0$0$36,454,787
99$60,620,141$0$0$39,978,852
100$66,489,240$0$0$43,856,250