Can I retire at age 47 with 1,310,000?

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 $1,310,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$108,179$107,215$106,275$105,357$104,461$103,456
2 years$53,554$52,556$51,590$50,653$49,743$48,731
3 years$35,348$34,346$33,382$32,454$31,559$30,571
4 years$26,247$25,248$24,294$23,381$22,508$21,552
5 years$20,787$19,795$18,853$17,959$17,110$16,188
6 years$17,149$16,164$15,236$14,362$13,539$12,652
7 years$14,551$13,574$12,661$11,808$11,011$10,160
8 years$12,604$11,636$10,738$9,905$9,135$8,320
9 years$11,090$10,131$9,248$8,437$7,693$6,913
10 years$9,880$8,930$8,063$7,273$6,554$5,810
11 years$8,890$7,950$7,098$6,329$5,637$4,928
12 years$8,066$7,135$6,300$5,552$4,885$4,209
13 years$7,369$6,448$5,628$4,901$4,260$3,617
14 years$6,772$5,861$5,057$4,351$3,734$3,124
15 years$6,255$5,354$4,566$3,880$3,288$2,709
16 years$5,804$4,913$4,140$3,474$2,906$2,357
17 years$5,406$4,524$3,767$3,122$2,576$2,057
18 years$5,052$4,181$3,439$2,813$2,291$1,800
19 years$4,736$3,875$3,148$2,542$2,042$1,578
20 years$4,452$3,600$2,889$2,302$1,824$1,387
21 years$4,196$3,354$2,657$2,089$1,632$1,220
22 years$3,963$3,131$2,449$1,900$1,463$1,075
23 years$3,750$2,928$2,261$1,730$1,313$949
24 years$3,556$2,743$2,091$1,578$1,180$838
25 years$3,377$2,574$1,937$1,441$1,062$741
26 years$3,213$2,420$1,797$1,318$957$656
27 years$3,061$2,277$1,668$1,206$863$580
28 years$2,920$2,146$1,551$1,105$778$514
29 years$2,789$2,024$1,443$1,013$703$456
30 years$2,667$1,912$1,344$930$635$404
31 years$2,553$1,807$1,253$854$574$359
32 years$2,446$1,710$1,169$785$519$319
33 years$2,346$1,619$1,092$722$470$283
34 years$2,252$1,535$1,020$664$426$251
35 years$2,164$1,456$954$611$385$223
36 years$2,081$1,382$892$563$349$198
37 years$2,002$1,312$835$519$317$176
38 years$1,928$1,247$782$478$287$157
39 years$1,858$1,186$733$441$260$140
40 years$1,791$1,128$687$407$236$124
41 years$1,728$1,074$644$375$214$110
42 years$1,668$1,023$604$346$194$98
43 years$1,611$975$567$320$176$87
44 years$1,556$929$532$295$160$78
45 years$1,505$886$500$273$145$69
46 years$1,455$845$469$252$132$62
47 years$1,408$806$441$233$120$55
48 years$1,363$770$414$215$109$49
49 years$1,320$735$389$199$99$43
50 years$1,279$702$366$184$90$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,310,000, adding $3,877 every year, while hoping to spend $49,569 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: 82/6/12 Blend
46$1,310,000$1,310,000$1,310,000$1,310,000
47$1,447,619$1,378,189$1,357,884$1,562,912
48$1,542,535$1,392,979$1,350,632$1,653,854
49$1,645,471$1,406,833$1,341,476$1,746,759
50$1,757,194$1,419,652$1,330,299$1,847,291
51$1,878,544$1,431,331$1,316,981$1,956,191
52$2,010,448$1,441,759$1,301,393$2,074,274
53$2,153,926$1,450,818$1,283,401$2,202,435
54$2,310,098$1,458,380$1,262,868$2,341,664
55$2,480,200$1,464,311$1,239,645$2,493,049
56$2,665,587$1,468,470$1,213,580$2,657,788
57$2,867,754$1,470,702$1,184,512$2,837,204
58$3,088,347$1,470,848$1,152,275$3,032,750
59$3,329,174$1,468,736$1,116,692$3,246,030
60$3,592,229$1,464,183$1,077,580$3,478,812
61$3,879,705$1,456,997$1,034,748$3,733,041
62$4,194,018$1,446,972$987,995$4,010,862
63$4,537,825$1,433,892$937,110$4,314,639
64$4,914,056$1,417,525$881,876$4,646,975
65$5,325,933$1,397,627$822,062$5,010,741
66$5,777,007$1,373,940$757,430$5,409,098
67$6,271,187$1,346,188$687,730$5,845,531
68$6,812,779$1,314,082$612,699$6,323,880
69$7,406,524$1,277,313$532,066$6,848,377
70$8,057,644$1,235,557$445,546$7,423,686
71$8,771,892$1,188,467$352,839$8,054,946
72$9,555,603$1,135,680$253,637$8,747,820
73$10,415,755$1,076,809$147,615$9,508,550
74$11,360,035$1,011,445$34,433$10,344,015
75$12,396,911$939,158$0$11,261,797
76$13,535,710$859,491$0$12,281,305
77$14,786,707$771,961$0$13,406,114
78$16,161,222$676,058$0$14,642,009
79$17,671,725$571,243$0$16,000,222
80$19,331,955$456,948$0$17,493,133
81$21,157,045$332,569$0$19,134,379
82$23,163,672$197,473$0$20,938,990
83$25,370,206$50,989$0$22,923,523
84$27,796,887$0$0$25,106,224
85$30,466,016$0$0$27,514,300
86$33,402,162$0$0$30,167,015
87$36,632,396$0$0$33,085,464
88$40,186,546$0$0$36,296,598
89$44,097,474$0$0$39,830,116
90$48,401,392$0$0$43,718,738
91$53,138,198$0$0$47,998,516
92$58,351,854$0$0$52,709,176
93$64,090,799$0$0$57,894,491
94$70,408,410$0$0$63,602,690
95$77,363,497$0$0$69,886,919
96$85,020,867$0$0$76,805,736
97$93,451,927$0$0$84,423,670
98$102,735,361$0$0$92,811,820
99$112,957,872$0$0$102,048,536
100$124,215,000$0$0$112,220,149