Can I retire at age 47 with 1,350,000?

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 $1,350,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$111,482$110,489$109,520$108,574$107,651$103,955
2 years$55,189$54,161$53,165$52,199$51,262$47,577
3 years$36,427$35,395$34,401$33,445$32,523$28,963
4 years$27,048$26,019$25,035$24,095$23,196$19,789
5 years$21,422$20,399$19,428$18,507$17,633$14,388
6 years$17,673$16,657$15,701$14,800$13,952$10,872
7 years$14,996$13,989$13,048$12,168$11,347$8,431
8 years$12,989$11,991$11,065$10,208$9,413$6,659
9 years$11,429$10,440$9,531$8,695$7,927$5,331
10 years$10,181$9,203$8,309$7,495$6,755$4,312
11 years$9,161$8,193$7,315$6,523$5,809$3,516
12 years$8,312$7,353$6,492$5,721$5,034$2,885
13 years$7,594$6,645$5,800$5,051$4,390$2,379
14 years$6,979$6,040$5,211$4,484$3,848$1,969
15 years$6,446$5,518$4,705$3,999$3,388$1,636
16 years$5,981$5,063$4,266$3,580$2,994$1,362
17 years$5,571$4,662$3,882$3,217$2,655$1,137
18 years$5,206$4,308$3,544$2,899$2,361$951
19 years$4,881$3,993$3,244$2,620$2,104$796
20 years$4,588$3,710$2,977$2,373$1,880$668
21 years$4,324$3,456$2,738$2,153$1,682$560
22 years$4,084$3,226$2,524$1,958$1,508$471
23 years$3,865$3,017$2,330$1,783$1,353$396
24 years$3,665$2,827$2,155$1,626$1,216$333
25 years$3,481$2,653$1,996$1,485$1,095$280
26 years$3,311$2,493$1,851$1,358$986$236
27 years$3,154$2,347$1,719$1,243$889$199
28 years$3,009$2,211$1,598$1,139$802$167
29 years$2,874$2,086$1,487$1,044$724$141
30 years$2,748$1,970$1,385$958$654$119
31 years$2,631$1,862$1,291$880$592$100
32 years$2,521$1,762$1,205$809$535$85
33 years$2,418$1,669$1,125$744$484$71
34 years$2,321$1,582$1,051$684$439$60
35 years$2,230$1,500$983$630$397$51
36 years$2,144$1,424$919$580$360$43
37 years$2,063$1,352$861$535$326$36
38 years$1,987$1,285$806$493$296$30
39 years$1,914$1,222$755$454$268$26
40 years$1,846$1,163$708$419$243$22
41 years$1,781$1,107$664$387$221$18
42 years$1,719$1,054$622$357$200$15
43 years$1,660$1,004$584$329$182$13
44 years$1,604$957$548$304$165$11
45 years$1,551$913$515$281$150$9
46 years$1,500$871$484$259$136$8
47 years$1,451$831$454$240$123$7
48 years$1,405$793$427$222$112$6
49 years$1,361$758$401$205$102$5
50 years$1,318$724$377$189$92$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 47 starting with $1,350,000, adding $5,127 every year, while hoping to spend $24,084 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: 27/43/30 Blend
46$1,350,000$1,350,000$1,350,000$1,350,000
47$1,492,989$1,421,439$1,400,514$1,519,311
48$1,619,648$1,465,464$1,421,806$1,585,271
49$1,758,420$1,510,839$1,443,004$1,653,648
50$1,910,514$1,557,605$1,464,079$1,726,580
51$2,077,262$1,605,804$1,485,002$1,804,473
52$2,260,133$1,655,479$1,505,740$1,887,773
53$2,460,743$1,706,674$1,526,259$1,976,971
54$2,680,873$1,759,434$1,546,522$2,072,605
55$2,922,484$1,813,808$1,566,492$2,175,269
56$3,187,736$1,869,844$1,586,128$2,285,615
57$3,479,009$1,927,590$1,605,388$2,404,360
58$3,798,925$1,987,099$1,624,225$2,532,294
59$4,150,371$2,048,423$1,642,593$2,670,284
60$4,536,530$2,111,617$1,660,441$2,819,287
61$4,960,906$2,176,736$1,677,716$2,980,354
62$5,427,360$2,243,838$1,694,361$3,154,642
63$5,940,147$2,312,982$1,710,318$3,343,426
64$6,503,952$2,384,228$1,725,524$3,548,107
65$7,123,940$2,457,640$1,739,913$3,770,232
66$7,805,799$2,533,281$1,753,418$4,011,499
67$8,555,797$2,611,218$1,765,963$4,273,781
68$9,380,839$2,691,519$1,777,474$4,559,139
69$10,288,535$2,774,254$1,787,870$4,869,846
70$11,287,267$2,859,495$1,797,066$5,208,400
71$12,386,274$2,947,315$1,804,973$5,577,557
72$13,595,732$3,037,791$1,811,497$5,980,349
73$14,926,855$3,131,002$1,816,541$6,420,120
74$16,392,000$3,227,027$1,820,001$6,900,549
75$18,004,782$3,325,949$1,821,769$7,425,691
76$19,780,203$3,427,854$1,821,731$8,000,013
77$21,734,793$3,532,828$1,819,769$8,628,437
78$23,886,767$3,640,962$1,815,756$9,316,384
79$26,256,196$3,752,348$1,809,563$10,069,826
80$28,865,196$3,867,080$1,801,051$10,895,345
81$31,738,135$3,985,257$1,790,076$11,800,191
82$34,901,869$4,106,978$1,776,487$12,792,351
83$38,385,986$4,232,346$1,760,125$13,880,628
84$42,223,093$4,361,468$1,740,826$15,074,720
85$46,449,119$4,494,451$1,718,415$16,385,313
86$51,103,658$4,631,407$1,692,710$17,824,181
87$56,230,336$4,772,451$1,663,521$19,404,297
88$61,877,230$4,917,701$1,630,648$21,139,958
89$68,097,316$5,067,277$1,593,884$23,046,916
90$74,948,972$5,221,303$1,553,008$25,142,530
91$82,496,527$5,379,907$1,507,794$27,445,927
92$90,810,870$5,543,220$1,458,003$29,978,184
93$99,970,116$5,711,375$1,403,383$32,762,526
94$110,060,347$5,884,511$1,343,675$35,824,549
95$121,176,419$6,062,769$1,278,605$39,192,454
96$133,422,863$6,246,293$1,207,888$42,897,321
97$146,914,867$6,435,234$1,131,224$46,973,397
98$161,779,367$6,629,744$1,048,303$51,458,425
99$178,156,239$6,829,978$958,798$56,393,991
100$196,199,627$7,036,098$862,369$61,825,928