Can I retire at age 47 with 1,260,000?

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 $1,260,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$104,050$103,123$102,219$101,336$100,474$99,014
2 years$51,510$50,550$49,621$48,719$47,845$46,376
3 years$33,999$33,035$32,108$31,215$30,355$28,924
4 years$25,245$24,284$23,366$22,489$21,649$20,267
5 years$19,994$19,039$18,133$17,273$16,457$15,128
6 years$16,495$15,547$14,654$13,814$13,022$11,748
7 years$13,996$13,056$12,178$11,357$10,591$9,371
8 years$12,123$11,192$10,328$9,527$8,786$7,621
9 years$10,667$9,744$8,895$8,115$7,399$6,288
10 years$9,502$8,589$7,755$6,995$6,304$5,246
11 years$8,551$7,646$6,827$6,088$5,422$4,416
12 years$7,758$6,863$6,059$5,340$4,699$3,744
13 years$7,088$6,202$5,414$4,714$4,097$3,192
14 years$6,514$5,638$4,864$4,185$3,592$2,735
15 years$6,017$5,150$4,392$3,732$3,162$2,352
16 years$5,582$4,725$3,982$3,342$2,795$2,030
17 years$5,199$4,352$3,623$3,003$2,478$1,757
18 years$4,859$4,021$3,307$2,706$2,203$1,524
19 years$4,555$3,727$3,028$2,445$1,964$1,325
20 years$4,282$3,463$2,779$2,214$1,754$1,154
21 years$4,036$3,226$2,556$2,010$1,570$1,006
22 years$3,811$3,011$2,356$1,827$1,407$879
23 years$3,607$2,816$2,175$1,664$1,263$768
24 years$3,420$2,639$2,012$1,518$1,135$672
25 years$3,248$2,476$1,863$1,386$1,022$589
26 years$3,090$2,327$1,728$1,267$920$516
27 years$2,944$2,190$1,605$1,160$830$452
28 years$2,808$2,064$1,492$1,063$749$397
29 years$2,682$1,947$1,388$975$676$349
30 years$2,565$1,839$1,293$895$611$306
31 years$2,455$1,738$1,205$822$552$269
32 years$2,353$1,645$1,125$755$500$236
33 years$2,256$1,558$1,050$694$452$208
34 years$2,166$1,476$981$639$409$183
35 years$2,081$1,400$917$588$371$161
36 years$2,001$1,329$858$542$336$141
37 years$1,926$1,262$803$499$304$125
38 years$1,854$1,200$752$460$276$110
39 years$1,787$1,141$705$424$250$96
40 years$1,723$1,085$660$391$227$85
41 years$1,662$1,033$619$361$206$75
42 years$1,604$984$581$333$187$66
43 years$1,549$937$545$307$170$58
44 years$1,497$894$512$284$154$51
45 years$1,447$852$480$262$140$45
46 years$1,400$813$451$242$127$40
47 years$1,355$776$424$224$115$35
48 years$1,311$740$398$207$105$31
49 years$1,270$707$374$191$95$27
50 years$1,230$675$352$177$86$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,260,000, adding $3,438 every year, while hoping to spend $24,104 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: 65/17/18 Blend
46$1,260,000$1,260,000$1,260,000$1,260,000
47$1,392,066$1,325,286$1,305,756$1,476,099
48$1,508,411$1,364,579$1,323,853$1,572,165
49$1,635,814$1,404,989$1,341,747$1,674,024
50$1,775,380$1,446,546$1,359,408$1,784,759
51$1,928,321$1,489,279$1,376,801$1,905,236
52$2,095,976$1,533,220$1,393,890$2,036,414
53$2,279,817$1,578,399$1,410,637$2,179,345
54$2,481,467$1,624,849$1,427,002$2,335,191
55$2,702,711$1,672,602$1,442,941$2,505,228
56$2,945,519$1,721,691$1,458,411$2,690,864
57$3,212,058$1,772,150$1,473,364$2,893,649
58$3,504,716$1,824,013$1,487,750$3,115,291
59$3,826,124$1,877,316$1,501,516$3,357,671
60$4,179,179$1,932,095$1,514,607$3,622,860
61$4,567,073$1,988,385$1,526,964$3,913,140
62$4,993,323$2,046,225$1,538,526$4,231,026
63$5,461,804$2,105,652$1,549,229$4,579,288
64$5,976,783$2,166,705$1,559,004$4,960,978
65$6,542,964$2,229,422$1,567,779$5,379,456
66$7,165,526$2,293,843$1,575,479$5,838,429
67$7,850,178$2,360,009$1,582,026$6,341,976
68$8,603,207$2,427,961$1,587,335$6,894,594
69$9,431,544$2,497,741$1,591,320$7,501,238
70$10,342,821$2,569,390$1,593,889$8,167,366
71$11,345,451$2,642,952$1,594,946$8,898,994
72$12,448,700$2,718,470$1,594,390$9,702,747
73$13,662,780$2,795,987$1,592,115$10,585,930
74$14,998,941$2,875,549$1,588,009$11,556,589
75$16,469,582$2,957,200$1,581,956$12,623,590
76$18,088,362$3,040,985$1,573,834$13,796,703
77$19,870,332$3,126,950$1,563,514$15,086,694
78$21,832,077$3,215,142$1,550,864$16,505,426
79$23,991,872$3,305,607$1,535,741$18,065,971
80$26,369,853$3,398,392$1,517,998$19,782,735
81$28,988,209$3,493,544$1,497,481$21,671,591
82$31,871,389$3,591,110$1,474,029$23,750,030
83$35,046,334$3,691,138$1,447,473$26,037,328
84$38,542,731$3,793,675$1,417,635$28,554,725
85$42,393,294$3,898,769$1,384,330$31,325,628
86$46,634,069$4,006,468$1,347,364$34,375,829
87$51,304,778$4,116,819$1,306,534$37,733,753
88$56,449,191$4,229,869$1,261,629$41,430,721
89$62,115,541$4,345,665$1,212,426$45,501,250
90$68,356,978$4,464,254$1,158,694$49,983,376
91$75,232,069$4,585,682$1,100,190$54,919,014
92$82,805,354$4,709,994$1,036,660$60,354,355
93$91,147,952$4,837,235$967,840$66,340,301
94$100,338,233$4,967,450$893,452$72,932,946
95$110,462,558$5,100,680$813,208$80,194,102
96$121,616,094$5,236,968$726,805$88,191,891
97$133,903,710$5,376,355$633,929$97,001,378
98$147,440,971$5,518,879$534,248$106,705,289
99$162,355,224$5,664,577$427,419$117,394,784
100$178,786,801$5,813,486$313,082$129,170,325