Can I retire at age 47 with 1,140,000?

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 $1,140,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$94,140$93,302$92,483$91,685$90,905$88,600
2 years$46,604$45,736$44,895$44,079$43,288$40,980
3 years$30,761$29,889$29,050$28,242$27,464$25,226
4 years$22,841$21,972$21,141$20,347$19,587$17,437
5 years$18,090$17,226$16,406$15,628$14,890$12,832
6 years$14,924$14,066$13,259$12,498$11,782$9,819
7 years$12,663$11,813$11,018$10,275$9,582$7,715
8 years$10,968$10,126$9,344$8,620$7,949$6,176
9 years$9,651$8,816$8,048$7,342$6,694$5,014
10 years$8,597$7,771$7,017$6,329$5,704$4,115
11 years$7,736$6,918$6,177$5,508$4,906$3,405
12 years$7,019$6,209$5,482$4,831$4,251$2,837
13 years$6,413$5,612$4,898$4,265$3,707$2,376
14 years$5,893$5,101$4,401$3,786$3,250$1,998
15 years$5,444$4,660$3,973$3,377$2,861$1,687
16 years$5,051$4,275$3,602$3,023$2,529$1,428
17 years$4,704$3,937$3,278$2,717$2,242$1,212
18 years$4,397$3,638$2,992$2,448$1,994$1,031
19 years$4,122$3,372$2,739$2,212$1,777$879
20 years$3,874$3,133$2,514$2,004$1,587$750
21 years$3,651$2,918$2,313$1,818$1,420$641
22 years$3,448$2,724$2,131$1,653$1,273$548
23 years$3,264$2,548$1,968$1,506$1,143$469
24 years$3,094$2,387$1,820$1,373$1,027$402
25 years$2,939$2,240$1,686$1,254$924$344
26 years$2,796$2,106$1,563$1,147$833$295
27 years$2,664$1,982$1,452$1,050$751$254
28 years$2,541$1,867$1,350$962$677$218
29 years$2,427$1,762$1,256$882$612$187
30 years$2,321$1,664$1,170$809$553$161
31 years$2,221$1,573$1,091$743$500$138
32 years$2,129$1,488$1,018$683$452$119
33 years$2,042$1,409$950$628$409$102
34 years$1,960$1,336$888$578$370$88
35 years$1,883$1,267$830$532$335$75
36 years$1,811$1,202$776$490$304$65
37 years$1,742$1,142$727$451$275$56
38 years$1,678$1,085$681$416$250$48
39 years$1,616$1,032$638$384$226$41
40 years$1,559$982$598$354$205$35
41 years$1,504$935$560$327$186$31
42 years$1,451$890$526$301$169$26
43 years$1,402$848$493$278$153$23
44 years$1,354$808$463$257$139$19
45 years$1,309$771$435$237$126$17
46 years$1,267$735$408$219$115$14
47 years$1,226$702$384$202$104$12
48 years$1,186$670$360$187$95$11
49 years$1,149$640$339$173$86$9
50 years$1,113$611$319$160$78$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,140,000, adding $3,507 every year, while hoping to spend $45,959 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: 75/16/9 Blend
46$1,140,000$1,140,000$1,140,000$1,140,000
47$1,259,897$1,199,477$1,181,807$1,352,235
48$1,339,507$1,209,352$1,172,498$1,423,412
49$1,425,696$1,218,170$1,161,336$1,495,224
50$1,519,088$1,225,831$1,148,212$1,572,616
51$1,620,367$1,232,228$1,133,009$1,656,125
52$1,730,286$1,237,249$1,115,606$1,746,345
53$1,849,672$1,240,771$1,095,876$1,843,926
54$1,979,438$1,242,668$1,073,687$1,949,589
55$2,120,584$1,242,802$1,048,899$2,064,125
56$2,274,213$1,241,029$1,021,366$2,188,408
57$2,441,538$1,237,195$990,937$2,323,401
58$2,623,894$1,231,137$957,453$2,470,165
59$2,822,750$1,222,681$920,746$2,629,869
60$3,039,722$1,211,644$880,643$2,803,803
61$3,276,591$1,197,832$836,962$2,993,390
62$3,535,315$1,181,038$789,512$3,200,194
63$3,818,051$1,161,043$738,095$3,425,945
64$4,127,174$1,137,615$682,502$3,672,546
65$4,465,297$1,110,509$622,518$3,942,097
66$4,835,299$1,079,466$557,913$4,236,912
67$5,240,349$1,044,209$488,453$4,559,542
68$5,683,937$1,004,448$413,889$4,912,802
69$6,169,907$959,875$333,963$5,299,791
70$6,702,492$910,163$248,405$5,723,928
71$7,286,353$854,968$156,933$6,188,983
72$7,926,624$793,924$59,254$6,699,111
73$8,628,961$726,647$0$7,258,892
74$9,399,591$652,729$0$7,877,696
75$10,245,375$571,739$0$8,563,124
76$11,173,871$483,222$0$9,315,648
77$12,193,402$386,696$0$10,142,069
78$13,313,139$281,654$0$11,049,881
79$14,543,184$167,560$0$12,047,341
80$15,894,664$43,846$0$13,143,553
81$17,379,840$0$0$14,348,548
82$19,012,218$0$0$15,689,244
83$20,806,676$0$0$17,171,597
84$22,779,608$0$0$18,801,434
85$24,949,075$0$0$20,593,683
86$27,334,975$0$0$22,564,787
87$29,959,231$0$0$24,732,866
88$32,845,998$0$0$27,117,883
89$36,021,890$0$0$29,741,833
90$39,516,228$0$0$32,628,951
91$43,361,323$0$0$35,805,939
92$47,592,772$0$0$39,302,217
93$52,249,800$0$0$43,150,204
94$57,375,625$0$0$47,385,620
95$63,017,869$0$0$52,047,822
96$69,229,005$0$0$57,180,178
97$76,066,851$0$0$62,830,473
98$83,595,117$0$0$69,051,364
99$91,884,004$0$0$75,900,868
100$101,010,866$0$0$83,442,920