Can I retire at age 47 with 1,280,000?

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 $1,280,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$105,701$104,760$103,841$102,944$102,069$98,644
2 years$52,327$51,353$50,408$49,493$48,604$45,187
3 years$34,538$33,560$32,618$31,710$30,837$27,535
4 years$25,646$24,670$23,737$22,846$21,993$18,832
5 years$20,311$19,341$18,421$17,548$16,719$13,707
6 years$16,756$15,794$14,887$14,033$13,229$10,369
7 years$14,218$13,264$12,371$11,537$10,759$8,050
8 years$12,315$11,369$10,492$9,678$8,925$6,365
9 years$10,836$9,899$9,036$8,244$7,516$5,102
10 years$9,653$8,726$7,878$7,106$6,404$4,132
11 years$8,686$7,768$6,936$6,185$5,508$3,374
12 years$7,881$6,972$6,155$5,425$4,773$2,772
13 years$7,200$6,301$5,499$4,789$4,162$2,289
14 years$6,617$5,727$4,941$4,251$3,649$1,897
15 years$6,112$5,232$4,461$3,791$3,212$1,578
16 years$5,671$4,800$4,045$3,395$2,839$1,316
17 years$5,282$4,421$3,681$3,050$2,517$1,100
18 years$4,936$4,085$3,360$2,749$2,238$921
19 years$4,628$3,786$3,076$2,484$1,995$773
20 years$4,350$3,518$2,823$2,250$1,782$649
21 years$4,100$3,277$2,596$2,042$1,595$545
22 years$3,872$3,059$2,393$1,856$1,429$459
23 years$3,664$2,861$2,210$1,691$1,283$386
24 years$3,475$2,680$2,043$1,542$1,153$326
25 years$3,300$2,515$1,893$1,408$1,038$274
26 years$3,139$2,364$1,755$1,288$935$231
27 years$2,991$2,225$1,630$1,179$843$195
28 years$2,853$2,097$1,515$1,080$761$165
29 years$2,725$1,978$1,410$990$687$139
30 years$2,606$1,868$1,313$909$621$117
31 years$2,494$1,766$1,225$835$561$99
32 years$2,390$1,671$1,142$767$507$84
33 years$2,292$1,582$1,067$705$459$71
34 years$2,201$1,500$997$649$416$60
35 years$2,114$1,422$932$597$377$50
36 years$2,033$1,350$872$550$341$43
37 years$1,956$1,282$816$507$309$36
38 years$1,884$1,219$764$467$280$30
39 years$1,815$1,159$716$431$254$26
40 years$1,750$1,102$671$397$231$22
41 years$1,688$1,049$629$367$209$18
42 years$1,630$999$590$338$190$16
43 years$1,574$952$554$312$172$13
44 years$1,521$908$520$288$156$11
45 years$1,470$866$488$266$142$9
46 years$1,422$826$458$246$129$8
47 years$1,376$788$431$227$117$7
48 years$1,332$752$405$210$106$6
49 years$1,290$718$380$194$97$5
50 years$1,250$686$358$179$88$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,280,000, adding $2,408 every year, while hoping to spend $35,050 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: 43/29/28 Blend
46$1,280,000$1,280,000$1,280,000$1,280,000
47$1,413,044$1,345,204$1,325,364$1,462,176
48$1,519,881$1,373,826$1,332,471$1,526,248
49$1,636,442$1,402,676$1,338,641$1,592,123
50$1,763,679$1,431,727$1,343,806$1,662,830
51$1,902,645$1,460,953$1,347,894$1,738,838
52$2,054,497$1,490,321$1,350,830$1,820,665
53$2,220,507$1,519,798$1,352,534$1,908,881
54$2,402,078$1,549,348$1,352,924$2,004,115
55$2,600,755$1,578,931$1,351,912$2,107,062
56$2,818,237$1,608,504$1,349,406$2,218,488
57$3,056,397$1,638,020$1,345,311$2,339,238
58$3,317,296$1,667,430$1,339,525$2,470,245
59$3,603,206$1,696,679$1,331,944$2,612,538
60$3,916,625$1,725,709$1,322,457$2,767,252
61$4,260,309$1,754,456$1,310,947$2,935,640
62$4,637,290$1,782,855$1,297,294$3,119,083
63$5,050,911$1,810,831$1,281,370$3,319,106
64$5,504,850$1,838,308$1,263,042$3,537,391
65$6,003,161$1,865,202$1,242,171$3,775,792
66$6,550,309$1,891,423$1,218,610$4,036,357
67$7,151,214$1,916,876$1,192,206$4,321,342
68$7,811,294$1,941,459$1,162,801$4,633,239
69$8,536,517$1,965,061$1,130,226$4,974,795
70$9,333,460$1,987,567$1,094,307$5,349,038
71$10,209,367$2,008,852$1,054,860$5,759,312
72$11,172,219$2,028,783$1,011,694$6,209,303
73$12,230,809$2,047,217$964,610$6,703,076
74$13,394,825$2,064,004$913,398$7,245,115
75$14,674,939$2,078,982$857,838$7,840,366
76$16,082,911$2,091,980$797,704$8,494,283
77$17,631,696$2,102,815$732,756$9,212,881
78$19,335,570$2,111,294$662,744$10,002,793
79$21,210,260$2,117,210$587,408$10,871,333
80$23,273,097$2,120,343$506,476$11,826,569
81$25,543,173$2,120,460$419,663$12,877,395
82$28,041,528$2,117,315$326,674$14,033,620
83$30,791,344$2,110,642$227,197$15,306,059
84$33,818,162$2,100,165$120,909$16,706,637
85$37,150,128$2,085,587$7,473$18,248,503
86$40,818,254$2,066,593$0$19,946,156
87$44,856,711$2,042,851$0$21,849,515
88$49,303,153$2,014,009$0$23,946,857
89$54,199,070$1,979,691$0$26,255,496
90$59,590,182$1,939,502$0$28,796,972
91$65,526,865$1,893,023$0$31,595,030
92$72,064,632$1,839,808$0$34,675,839
93$79,264,654$1,779,387$0$38,068,240
94$87,194,334$1,711,263$0$41,804,021
95$95,927,949$1,634,908$0$45,918,219
96$105,547,347$1,549,765$0$50,449,445
97$116,142,718$1,455,245$0$55,440,259
98$127,813,447$1,350,724$0$60,937,562
99$140,669,052$1,235,543$0$66,993,051
100$154,830,216$1,109,005$0$73,663,698