Can I retire at age 47 with 1,150,000?

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 $1,150,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$94,966$94,120$93,295$92,489$91,703$89,851
2 years$47,013$46,137$45,289$44,466$43,668$41,811
3 years$31,031$30,151$29,305$28,490$27,705$25,900
4 years$23,041$22,164$21,326$20,525$19,759$18,020
5 years$18,248$17,377$16,550$15,765$15,021$13,353
6 years$15,055$14,190$13,375$12,608$11,885$10,290
7 years$12,774$11,916$11,115$10,365$9,666$8,144
8 years$11,064$10,215$9,426$8,695$8,019$6,570
9 years$9,735$8,894$8,119$7,407$6,753$5,376
10 years$8,673$7,839$7,078$6,384$5,754$4,447
11 years$7,804$6,979$6,231$5,556$4,949$3,711
12 years$7,081$6,264$5,530$4,874$4,288$3,117
13 years$6,469$5,661$4,941$4,303$3,739$2,634
14 years$5,945$5,145$4,439$3,820$3,278$2,235
15 years$5,491$4,700$4,008$3,406$2,886$1,904
16 years$5,095$4,313$3,634$3,050$2,551$1,627
17 years$4,745$3,972$3,307$2,740$2,262$1,394
18 years$4,435$3,670$3,019$2,470$2,011$1,197
19 years$4,158$3,401$2,763$2,232$1,792$1,030
20 years$3,908$3,161$2,536$2,021$1,601$888
21 years$3,683$2,944$2,333$1,834$1,433$766
22 years$3,479$2,748$2,150$1,668$1,284$662
23 years$3,292$2,570$1,985$1,519$1,153$572
24 years$3,122$2,408$1,836$1,385$1,036$495
25 years$2,965$2,260$1,700$1,265$932$429
26 years$2,820$2,124$1,577$1,157$840$372
27 years$2,687$1,999$1,464$1,059$757$322
28 years$2,563$1,884$1,361$970$683$280
29 years$2,448$1,777$1,267$890$617$243
30 years$2,341$1,678$1,180$816$557$211
31 years$2,241$1,586$1,100$750$504$183
32 years$2,147$1,501$1,026$689$456$159
33 years$2,059$1,422$958$634$413$138
34 years$1,977$1,347$895$583$374$120
35 years$1,900$1,278$837$537$338$104
36 years$1,826$1,213$783$494$307$91
37 years$1,758$1,152$733$455$278$79
38 years$1,692$1,095$686$420$252$69
39 years$1,631$1,041$643$387$228$60
40 years$1,572$990$603$357$207$52
41 years$1,517$943$565$329$188$45
42 years$1,464$898$530$304$171$39
43 years$1,414$856$498$281$155$34
44 years$1,366$816$467$259$141$30
45 years$1,321$778$439$239$128$26
46 years$1,278$742$412$221$116$23
47 years$1,236$708$387$204$105$20
48 years$1,197$676$364$189$96$17
49 years$1,159$645$342$174$87$15
50 years$1,123$617$321$161$79$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,150,000, adding $2,116 every year, while hoping to spend $53,660 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: 46/37/17 Blend
46$1,150,000$1,150,000$1,150,000$1,150,000
47$1,269,483$1,208,533$1,190,708$1,321,641
48$1,341,876$1,210,657$1,173,503$1,360,334
49$1,419,855$1,211,087$1,153,923$1,396,717
50$1,503,933$1,209,683$1,131,832$1,435,043
51$1,594,673$1,206,296$1,107,087$1,475,514
52$1,692,695$1,200,770$1,079,540$1,518,358
53$1,798,679$1,192,937$1,049,034$1,563,828
54$1,913,374$1,182,620$1,015,405$1,612,205
55$2,037,601$1,169,631$978,484$1,663,803
56$2,172,264$1,153,772$938,092$1,718,972
57$2,318,359$1,134,830$894,041$1,778,102
58$2,476,977$1,112,582$846,138$1,841,626
59$2,649,322$1,086,792$794,177$1,910,025
60$2,836,717$1,057,209$737,945$1,983,837
61$3,040,617$1,023,567$677,221$2,063,656
62$3,262,623$985,584$611,771$2,150,144
63$3,504,497$942,965$541,352$2,244,037
64$3,768,178$895,393$465,710$2,346,151
65$4,055,801$842,536$384,580$2,457,392
66$4,369,715$784,042$297,686$2,578,767
67$4,712,505$719,539$204,737$2,711,390
68$5,087,017$648,633$105,433$2,856,499
69$5,496,386$570,909$0$3,015,467
70$5,944,060$485,927$0$3,189,911
71$6,433,839$393,223$0$3,401,835
72$6,969,906$292,305$0$3,634,024
73$7,556,865$182,657$0$3,888,610
74$8,199,789$63,732$0$4,167,953
75$8,904,264$0$0$4,474,658
76$9,676,440$0$0$4,838,093
77$10,523,092$0$0$5,265,164
78$11,451,681$0$0$5,733,705
79$12,470,427$0$0$6,247,879
80$13,588,380$0$0$6,812,273
81$14,815,513$0$0$7,431,939
82$16,162,809$0$0$8,112,442
83$17,642,367$0$0$8,859,914
84$19,267,515$0$0$9,681,108
85$21,052,934$0$0$10,583,465
86$23,014,801$0$0$11,575,181
87$25,170,934$0$0$12,665,286
88$27,540,964$0$0$13,863,729
89$30,146,519$0$0$15,181,471
90$33,011,427$0$0$16,630,587
91$36,161,939$0$0$18,224,382
92$39,626,978$0$0$19,977,515
93$43,438,412$0$0$21,906,136
94$47,631,351$0$0$24,028,040
95$52,244,479$0$0$26,362,834
96$57,320,421$0$0$28,932,121
97$62,906,139$0$0$31,759,704
98$69,053,381$0$0$34,871,810
99$75,819,161$0$0$38,297,339
100$83,266,305$0$0$42,068,132