Can I retire at age 47 with 1,330,000?

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 $1,330,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$109,830$108,852$107,897$106,966$106,056$103,830
2 years$54,371$53,359$52,377$51,426$50,503$48,270
3 years$35,888$34,871$33,892$32,949$32,041$29,872
4 years$26,647$25,634$24,664$23,738$22,852$20,763
5 years$21,105$20,097$19,141$18,233$17,372$15,369
6 years$17,411$16,411$15,468$14,581$13,746$11,831
7 years$14,773$13,782$12,854$11,988$11,179$9,353
8 years$12,796$11,813$10,902$10,056$9,274$7,536
9 years$11,259$10,286$9,389$8,566$7,810$6,159
10 years$10,030$9,066$8,186$7,384$6,655$5,089
11 years$9,026$8,071$7,207$6,426$5,723$4,241
12 years$8,189$7,244$6,396$5,637$4,960$3,558
13 years$7,481$6,547$5,714$4,976$4,325$3,002
14 years$6,876$5,951$5,134$4,417$3,791$2,544
15 years$6,351$5,436$4,636$3,939$3,338$2,164
16 years$5,892$4,988$4,203$3,527$2,950$1,847
17 years$5,488$4,593$3,824$3,169$2,616$1,580
18 years$5,129$4,244$3,491$2,856$2,326$1,355
19 years$4,809$3,934$3,196$2,581$2,073$1,164
20 years$4,520$3,655$2,933$2,337$1,852$1,002
21 years$4,260$3,405$2,698$2,121$1,657$863
22 years$4,023$3,178$2,487$1,929$1,485$744
23 years$3,808$2,973$2,296$1,757$1,333$643
24 years$3,610$2,785$2,123$1,602$1,198$555
25 years$3,429$2,614$1,967$1,463$1,078$480
26 years$3,262$2,457$1,824$1,338$971$416
27 years$3,107$2,312$1,694$1,225$876$360
28 years$2,964$2,178$1,574$1,122$790$312
29 years$2,831$2,055$1,465$1,029$714$270
30 years$2,707$1,941$1,365$944$645$234
31 years$2,592$1,835$1,272$867$583$203
32 years$2,483$1,736$1,187$797$527$176
33 years$2,382$1,644$1,108$733$477$153
34 years$2,287$1,558$1,036$674$432$133
35 years$2,197$1,478$968$621$391$115
36 years$2,112$1,403$906$572$355$100
37 years$2,033$1,332$848$527$321$87
38 years$1,957$1,266$794$486$291$75
39 years$1,886$1,204$744$448$264$65
40 years$1,818$1,146$697$413$240$57
41 years$1,754$1,090$654$381$217$49
42 years$1,693$1,038$613$352$197$43
43 years$1,635$989$575$325$179$37
44 years$1,580$943$540$300$163$32
45 years$1,528$899$507$277$148$28
46 years$1,478$858$476$256$134$24
47 years$1,430$819$448$236$122$21
48 years$1,384$782$421$218$110$18
49 years$1,340$746$395$202$100$16
50 years$1,299$713$372$186$91$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,330,000, adding $6,741 every year, while hoping to spend $30,271 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: 67/20/13 Blend
46$1,330,000$1,330,000$1,330,000$1,330,000
47$1,472,613$1,402,123$1,381,508$1,566,494
48$1,590,612$1,438,619$1,395,581$1,666,395
49$1,719,632$1,475,889$1,409,110$1,771,376
50$1,860,765$1,513,938$1,422,046$1,885,387
51$2,015,214$1,552,773$1,434,336$2,009,311
52$2,184,304$1,592,396$1,445,924$2,144,119
53$2,369,492$1,632,813$1,456,752$2,290,880
54$2,572,385$1,674,026$1,466,758$2,450,772
55$2,794,751$1,716,035$1,475,876$2,625,093
56$3,038,537$1,758,843$1,484,040$2,815,272
57$3,305,890$1,802,448$1,491,177$3,022,884
58$3,599,171$1,846,848$1,497,212$3,249,662
59$3,920,983$1,892,041$1,502,066$3,497,516
60$4,274,194$1,938,021$1,505,655$3,768,552
61$4,661,959$1,984,782$1,507,892$4,065,088
62$5,087,759$2,032,316$1,508,686$4,389,677
63$5,555,424$2,080,613$1,507,941$4,745,134
64$6,069,175$2,129,661$1,505,555$5,134,560
65$6,633,662$2,179,446$1,501,422$5,561,371
66$7,254,008$2,229,951$1,495,433$6,029,330
67$7,935,856$2,281,158$1,487,469$6,542,586
68$8,685,424$2,333,045$1,477,410$7,105,707
69$9,509,562$2,385,589$1,465,127$7,723,730
70$10,415,815$2,438,761$1,450,487$8,402,202
71$11,412,499$2,492,531$1,433,349$9,147,238
72$12,508,775$2,546,865$1,413,567$9,965,574
73$13,714,734$2,601,727$1,390,986$10,864,635
74$15,041,499$2,657,073$1,365,446$11,852,600
75$16,501,322$2,712,859$1,336,778$12,938,485
76$18,107,702$2,769,035$1,304,806$14,132,223
77$19,875,515$2,825,545$1,269,344$15,444,761
78$21,821,152$2,882,331$1,230,201$16,888,163
79$23,962,670$2,939,326$1,187,174$18,475,721
80$26,319,971$2,996,461$1,140,053$20,222,085
81$28,914,978$3,053,658$1,088,615$22,143,397
82$31,771,854$3,110,835$1,032,631$24,257,450
83$34,917,218$3,167,901$971,859$26,583,845
84$38,380,405$3,224,759$906,048$29,144,190
85$42,193,739$3,281,305$834,933$31,962,291
86$46,392,837$3,337,425$758,239$35,064,386
87$51,016,945$3,392,999$675,680$38,479,390
88$56,109,312$3,447,894$586,954$42,239,165
89$61,717,593$3,501,972$491,747$46,378,826
90$67,894,300$3,555,081$389,733$50,937,071
91$74,697,299$3,607,060$280,569$55,956,543
92$82,190,353$3,657,736$163,899$61,484,239
93$90,443,728$3,706,924$39,348$67,571,949
94$99,534,851$3,754,425$0$74,276,748
95$109,549,043$3,800,030$0$81,674,511
96$120,580,324$3,843,510$0$89,828,243
97$132,732,300$3,884,625$0$98,808,926
98$146,119,141$3,923,117$0$108,700,801
99$160,866,655$3,958,712$0$119,596,701
100$177,113,483$3,991,118$0$131,598,926